The latest intelligence report published by Report Ocean, titled “Automotive Motors Market” “2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
An automotive motor is designed to translate a type of energy (such as electric) into mechanical energy. The combination of mechanics and electronics has led to incorporate increased number of motors in vehicles, owing to their comfort and convenience features. Automotive motors have applications in electronic power steering, seating control, electric vehicles drivetrain, and others. The automotive motors market is driven by factors such as increase in global vehicle production, high demand for safety & convenience features, and rise in demand for electric vehicles.
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However, increased weight and cost of the overall system restrict the market growth. Moreover, wide number of applications employing the use of electric motors and the concept of autonomous cars create lucrative growth opportunities for the market. By region, Asia-Pacific dominates the market at present, followed by Europe, North America, and LAMEA. In the Asia-Pacific region, China dominated the global automotive motors market in 2019, whereas South Korea is expected to grow at a significant rate in Asia-Pacific during the forecast period.
The automotive motors market is segmented into type, vehicle type, function, technology, application, and region. Depending on type, the market is divided into DC brushed motors, brushless DC motors, stepper motors, and traction motors. On the basis of vehicle type, it is categorized into two-wheelers, electric two-wheelers, passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), BEV, PHEV, and HEV.
Based on function, the market is segmented into performance, comfort & convenience, and safety & security. Based on technology, the market is classified into PWM, DTC, and others. The applications covered in the study include alternator, ETC, electric parking break, sun roof motor, fuel pump motor, ECM, wiper motor, engine cooling fan, HVAC, VVT, EGR, starter motor, anti-lock brake system, EPS, PLG, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global automotive motors market are BorgWarner Inc., Continental AG, DENSO CORPORATION, Johnson Electric Holdings Limited, Mitsuba Corporation, MABUCHI MOTOR CO., LTD., Nidec Corporation, Robert Bosch GmbH, Siemens AG, VALEO, Inteva Products, LLC, Magna International Inc, Marelli Europe S.P.A., Aptiv PLC, Buhler Motor, Meritor, Inc., PST Electronics Ltd, and U-SHIN ltd.
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KEY BENEFITS FOR STAKEHOLDERS
– This study presents the analytical depiction of the automotive motors market along with the current trends and future estimations to depict the imminent investment pockets.
– The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
– The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
– The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
– Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Type
o DC Brushed Motors
o Brushless DC Motors
o Stepper Motors
o Traction Motors
By Vehicle Type
o Two-wheelers
o Electric Two-wheelers
o Passenger Cars
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o BEV
o PHEV
o HEV
By Function
o Performance
o Comfort & Convenience
o Safety & Security
By Technology
o PWM
o DTC
o Others
By Application
o Alternator
o ETC
o Electric Parking Break
o Sun Roof Motor
o Fuel Pump Motor
o ECM
o Wiper Motor
o Engine Cooling Fan
o HVAC
o VVT
o EGR
o Starter Motor
o Anti-lock Brake System
o EPS
o PLG
o Others
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Spain
? Russia
? Italy
? Rest of Europe
o Asia-Pacific
? China
? India
? Japan
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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