DUBLIN--(BUSINESS WIRE)--The "Automotive Motors Market by Product, Vehicle, Application, EV, Traction Motor by EV, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global automotive motors market is projected to grow at a CAGR of 6.02% from 2017 to 2022, to reach USD 34.48 billion by 2022.
The major factors responsible for the growth of the market include growing electrification of vehicles and the mandatory usage of safety technologies such as electronic stability control and antilock braking systems (ABS) in passenger cars in developed regions such as Europe and North America. However, electric vehicles require less number of motors, which may pose a challenge to the growth of the automotive motors market.
The comfort motors market is estimated to grow at the highest rate during the forecast period. The market growth of comfort motors can be attributed to the increasing demand for comfort applications such as HVAC systems, power windows, and electric power steering in vehicles. Performance motors are estimated to have the largest share of the automotive motors market in the next five years. This can be attributed to the increasing vehicle production across the globe.
- Borgwarner Inc.
- Buhler Motor
- Calsonic Kansei Corporation
- Continental AG
- Denso Corporation
- IFB Automotive
- Johnson Electric Holdings Limited
- Mabuchi Motors Co. Ltd
- Magna International
- Mahle GmbH
- Mitsuba Corporation
- Mitsubishi Electric Corporation
- Nidec Corporation
- Robert Bosch GmbH
- Siemens Ag
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Motors Market, By Product Type
7 Automotive Motors Market, By Electric Vehicle Type
8 Automotive Motors Market, By Vehicle Type
9 Automotive Motors Market, By Application
10 Automotive Traction Motor Market, By Electric Vehicle Type
11 Automotive Motors Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/87lppk/automotive_motors