The Europe Automotive Motor Market would witness market growth of 6.5% CAGR during the forecast period (2019-2025). The automotive market is controlled by an increase in overall vehicle production and a high demand for safety and convenience features. In addition, the rise in the popularity of electric vehicles is expected to create a potential for various developments in electric motor vehicles. The increase in the number of motors installed in a car translates directly into better intelligence and increased convenience by reducing the environmental impact. Nonetheless, an increase in the weight and cost of the overall system limits market growth. In addition, a growing number of applications involving the use of electric motors and the idea of self-propelled cars are expected to create lucrative opportunities for the automotive market in the near future.
The growing demand for electric vehicles, combined with the increasing production of automobiles, is expected to drive the automotive market in the coming years. Automotive motors are commonly used in powertrain systems, car chassis, internal/external comfort control systems and safety systems. At present, these motors are also used in automated doors, sunroof systems, wipers, massage seats and customizable vehicle mirrors. Increased demand for vehicles with these advances is expected to fuel market growth.
Based on Distribution Channel, the market is segmented into Aftermarket and OEM. Based on Application, the market is segmented into Comfort, Safety and Others. Based on Vehicle Type, the market is segmented into Non-Electric Vehicle and Electric Vehicle. Based in Type, the market is segmented into Brushed DC Motor, Brushless DC Motor, Traction Motor and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Automotive Motor Market in Europe is expected to register a CAGR of 6.5% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Mitsubishi Electric Corporation, Valeo SA, Mahle Group, Nidec Corporation, BorgWarner, Inc., and Johnson Electric Holdings Limited.
Market Segmentation:
By Distribution Channel
By Application
By Vehicle Type
By Type
By Country
Companies Profiled
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