North America Automotive Motor Market By Distribution Channel (Aftermarket and OEM) By Application (Comfort, Safety and Others) By Vehicle Type (Non-Electric Vehicle and Electric Vehicle) Based in Type (Brushed DC Motor, Brushless DC Motor, Traction Motor and Others) By Country, Industry Analysis and Forecast, 2019 - 2025

Report Id: KBV-3330 Publication Date: December-2019 Number of Pages: 116

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Analysis of Market Size & Trends

The North America Automotive Motor Market would witness market growth of 6.2% CAGR during the forecast period (2019-2025).

Motors are an integral part of a vehicle that makes it easy to operate. It is available in any vehicle operation in any mechanical or electronic system that includes constant rotational motion; it has a motor in it. Motors are involved in multiple vehicle applications like power steering motors, battery cooling fans, seat cooling fans, power window motors, wiper system, engine cooling fans, and other applications where comfort is as critical as driving efficiency.

Rising adoption of electric vehicles to address problems such as oil dependence, global warming and environmental pollution is anticipated to bode well for market growth. Many governments have adopted and implemented policies to promote the manufacture and adoption of electric vehicles. Factors such as advances in electric vehicle production technology and growing focus on renewable energy are expected to drive the market for electric vehicles. Increasing government support for green vehicles is expected to further raise demand. Increasing popularity of electric vehicles in automotive electric motors is expected to spur other developments. Due to low maintenance, higher performance, fast running speed, and rapid response, electric car manufacturers tend to use automotive motors in vehicles.

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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: Automotive Motor Market in North America is expected to register a CAGR of 6.2% 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.