How big is the automotive motor market?
According to 6Wresearch internal database and industry insights,
Global automotive motor market was valued at approximately
USD 29.6 billion in 2024 and is projected to reach
USD 46.2 billion by 2031. The market is anticipated to grow at a
CAGR of 6.5% during the forecast period.
This growth is driven by increasing demand for electric vehicles, advanced driver assistance systems (ADAS), and automated features that require numerous electric motors. Motors are now essential for power steering, HVAC systems, engine control, and vehicle automation.
Key Growth Factors of the Automotive Motor Market
- Boost the manufacturing of electric cars with motor-powered drivetrains.
- Motor integration with automatic climate control, power windows, and ADAS
- Growing popularity of hybrid and fuel-efficient automobiles
- Expanding demand for brushless DC motors because of their high efficiency and low maintenance
- Improvements in motor technology for improved noise reduction and torque control
- Expansion of platforms for autonomous vehicles that need precise motor operations
Automotive Motor Market Trends
The market is experiencing a shift from traditional brushed motors to brushless and stepper motors in key applications. High-performance motors with integrated control electronics are becoming more and more popular. Manufacturers are concentrating on creating compact, lightweight motors with better thermal control. Furthermore, traction motors with a high torque density and a long operating life are becoming more and more in demand in EVs.
Emerging Developments in the Automotive Motor Market
Companies are developing integrated motor-inverter systems to enhance EV powertrain efficiency. Smart motors with built-in diagnostics and CAN communication interfaces are gaining traction. Innovation in magnet-free motor designs is progressing to reduce dependence on rare-earth materials. Efforts are ongoing to enhance motor performance in extreme temperatures and high-vibration environments.
Major Companies in the Automotive Motor Market
- Robert Bosch GmbH
- Denso Corporation
- Continental AG
- Nidec Corporation
- Mitsuba Corporation
- Johnson Electric Holdings Ltd.
Automotive Motor Market Size : FAQs
The automotive motor market is projected to reach USD 46.2 billion by 2031.
The market is expected to grow at a CAGR of 6.5% during the forecast period.
Common types include brushed DC motors, brushless DC motors, stepper motors, and traction motors.
Motors power the drivetrain and support auxiliary systems like battery cooling, steering, and braking.
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