Market Overview:
The global light vehicle electric motors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles across the globe. Additionally, factors such as stringent emission norms and government initiatives towards promoting electric vehicles are also contributing to the growth of this market. The global light vehicle electric motors market is segmented on the basis of type, application and region. On the basis of type, it is divided into AC motor, DC motor, controling motor and AC and DC dual-purpose motor. The passenger car segment accounts for majority share in terms of application in this market followed by commercial cars.
Product Definition:
Light vehicle electric motors are used in vehicles that weigh less than 8,500 pounds. These motors are important because they provide power to the vehicle and allow it to move.
AC Motor:
AC motor, also known as electric motor is used in automotive industry for power steering systems, vehicle accessories like wipers and lights. It's the most commonly used type of motors in vehicles. AC type of motors are smaller than DC counterparts and provide higher torque at low speeds. They are preferred over DC motors because they can be operated at variable speeds; thus providing better control over output torque which is helpful while operating the vehicle on different terrains such as roads and rough terrain.
DC Motor:
DC motor is a type of electric motor which uses the principle of electromagnetic induction to provide mechanical power. The main difference between AC and DC motors is that in the former case, the electrical energy is converted into a magnetic field by an external source which then induces rotary motion in the rotor while in case of AC, electrical energy is transformed into waves inside the stator and then these resultant waveforms are used to generate mechanical vibrations.
Application Insights:
The passenger car segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth owing to rising demand from consumers. Increasing disposable income, coupled with changing lifestyle has created positive outlook for automotive manufacturers across the globe. This trend is projected to continue over the forecast period thereby driving electric motors demand in this application segment.
Commercial vehicles are expected to be one of the fastest growing segments due largely to increasing government funding and initiatives towards reducing greenhouse gas emissions from heavy-duty diesel engines used across construction, mining and agriculture applications globally Light vehicle electric motors can be installed in various commercial vehicles such as trucks, tractors etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong growth in automotive sales, especially in China and India. This trend is projected to continue over the next eight years, thereby driving demand for EV motors across this region.
China accounted for a major share of overall regional demand owing to strong economic growth coupled with increasing automobile production every year since 2010. In addition, supportive measures taken by Chinese government such as tax cuts and financial incentives are likely to boost electric vehicle adoption rate across this country which will further drive industry expansion over the coming years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This growth can be attributed to the increasing environmental concerns, government initiatives and subsidies, and rising fuel costs.
- Technological advancements: The Light Vehicle Electric Motors market is witnessing rapid technological advancements with the advent of new technologies such as brushless DC motors, permanent magnet motors, and switched reluctance motors. These technologies are helping manufacturers in developing advanced electric vehicles that offer better performance and efficiency.
- Growing popularity of hybrid cars: Hybrid cars are powered by both an internal combustion engine (ICE) and an electric motor/battery pack combination. They offer superior fuel economy as compared to traditional gasoline-powered cars and are becoming increasingly popular across the globe due to their lower emissions levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Electric Motors Market Research Report
By Type
AC Motor, DC Motor, Controling Motor, AC and DC Dual-purpose Motor, Others
By Application
Passenger Car, Commercial Car, Others
By Companies
Brose Fahrzeugteile GmbH & Co.KG, Denso Corporation, Globe Motors, Inteva Products, LLC, Johnson Electric Holdings Limited, Mitsuba Corporation, Mitsubishi Electric Corporation, Nidec, Robert Bosch GmbH, Brose Fahrzeugteile GmbH & Co.KG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Electric Motors Market Report Segments:
The global Light Vehicle Electric Motors market is segmented on the basis of:
Types
AC Motor, DC Motor, Controling Motor, AC and DC Dual-purpose Motor, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Car, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Brose Fahrzeugteile GmbH & Co.KG
- Denso Corporation
- Globe Motors
- Inteva Products, LLC
- Johnson Electric Holdings Limited
- Mitsuba Corporation
- Mitsubishi Electric Corporation
- Nidec
- Robert Bosch GmbH
- Brose Fahrzeugteile GmbH & Co.KG
Highlights of The Light Vehicle Electric Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Motor
- DC Motor
- Controling Motor
- AC and DC Dual-purpose Motor
- Others
- By Application:
- Passenger Car
- Commercial Car
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Vehicle Electric Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Light Vehicle Electric Motors are electric motors that are used in small vehicles, such as cars and motorcycles. They are smaller and lighter than traditional gasoline or diesel engines, which makes them more efficient and easier to operate.
Some of the major players in the light vehicle electric motors market are Brose Fahrzeugteile GmbH & Co.KG, Denso Corporation, Globe Motors, Inteva Products, LLC, Johnson Electric Holdings Limited, Mitsuba Corporation, Mitsubishi Electric Corporation, Nidec, Robert Bosch GmbH, Brose Fahrzeugteile GmbH & Co.KG.
The light vehicle electric motors market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle Electric Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Vehicle Electric Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle Electric Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Vehicle Electric Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Vehicle Electric Motors Market Size & Forecast, 2020-2028
4.5.1 Light Vehicle Electric Motors Market Size and Y-o-Y Growth
4.5.2 Light Vehicle Electric Motors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 AC Motor
5.2.2 DC Motor
5.2.3 Controling Motor
5.2.4 AC and DC Dual-purpose Motor
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Car
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Vehicle Electric Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Vehicle Electric Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 AC Motor
9.6.2 DC Motor
9.6.3 Controling Motor
9.6.4 AC and DC Dual-purpose Motor
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Car
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 AC Motor
10.6.2 DC Motor
10.6.3 Controling Motor
10.6.4 AC and DC Dual-purpose Motor
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Car
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 AC Motor
11.6.2 DC Motor
11.6.3 Controling Motor
11.6.4 AC and DC Dual-purpose Motor
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Car
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 AC Motor
12.6.2 DC Motor
12.6.3 Controling Motor
12.6.4 AC and DC Dual-purpose Motor
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Car
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 AC Motor
13.6.2 DC Motor
13.6.3 Controling Motor
13.6.4 AC and DC Dual-purpose Motor
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Car
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Vehicle Electric Motors Market: Competitive Dashboard
14.2 Global Light Vehicle Electric Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brose Fahrzeugteile GmbH & Co.KG
14.3.2 Denso Corporation
14.3.3 Globe Motors
14.3.4 Inteva Products, LLC
14.3.5 Johnson Electric Holdings Limited
14.3.6 Mitsuba Corporation
14.3.7 Mitsubishi Electric Corporation
14.3.8 Nidec
14.3.9 Robert Bosch GmbH
14.3.10 Brose Fahrzeugteile GmbH & Co.KG
