Report ID: SQSG25A2017
Automotive Motor Market Size, Share, Growth Analysis, By Product(DC motors (Brushed, Brushless), Stepper motors, Traction motors), By Vehicle Type(Two-wheelers, Electric Two-wheelers, Passenger cars, Light commercial vehicles (LCVs)), By Sales Channel(OEM, Aftermarket), By Applications(Performance, Safety, Comfort), By Region - Industry Forecast 2024-2031
Report ID:
SQSG25A2017 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
122 |
Figures:
77
Automotive Motor Market Insights
Global Automotive Motor Market size was valued at USD 22.01 billion in 2019 and is poised to grow from USD 23 billion in 2023 to USD 34.18 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
Motors are an indispensable piece of a vehicle that assist with playing out its activity easily. Present in any vehicle activity includes ceaseless rotational movement. Motors are engaged with different uses of a vehicle, such as, seat cooling fans, power guiding motors, battery cooling fans, motor cooling fans, wiper framework, power window motors, and others, where comfort is as significant as the driving proficiency. Rising accentuation on enhancing plan and assembling processes for conveying better items with further developed effectiveness is expected to look good for the item interest. The automotive motor market is seeing gigantic development credited to the expansion in auto creation and the quantity of motors utilized in a specific vehicle.
US Automotive Motor Market is poised to grow at a sustainable CAGR for the next forecast year.
Automotive Motor Market Report Snapshots
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