Product Code: ETC13290653 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Automotive Motor Market was valued at USD 28.5 Billion in 2024 and is expected to reach USD 53.2 Billion by 2031, growing at a compound annual growth rate of 13.40% during the forecast period (2025-2031).
The Global Automotive Motor Market is witnessing significant growth driven by the increasing demand for electric vehicles, advancements in automotive technology, and the growing trend towards vehicle electrification. Key players in the market are focusing on developing efficient motors that offer improved performance and reduced energy consumption. The market is also influenced by stringent government regulations aimed at reducing carbon emissions and promoting sustainable transportation. In addition, the rising adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles is driving the demand for automotive motors for various applications such as power steering, HVAC systems, and electric windows. The market is expected to continue its growth trajectory, with a shift towards electric and hybrid vehicles further boosting the demand for automotive motors globally.
The Global Automotive Motor Market is witnessing several key trends and opportunities. The shift towards electric vehicles (EVs) is driving the demand for electric motors in the automotive sector. Manufacturers are focusing on developing high-efficiency motors to enhance vehicle performance and range. Additionally, advancements in autonomous driving technology are creating opportunities for motor suppliers to cater to the increasing demand for sensors and actuators in self-driving vehicles. The growing popularity of connected cars is also driving the need for motors used in various automotive applications such as power windows, mirrors, and seats. Overall, the market is experiencing a surge in demand for energy-efficient, compact, and reliable motors to meet the evolving needs of the automotive industry.
The Global Automotive Motor Market faces several challenges, including increasing competition among manufacturers, rapid technological advancements, stringent regulations related to emissions and safety standards, and fluctuating raw material prices. Manufacturers are constantly under pressure to innovate and develop more efficient and sustainable motor solutions to meet evolving consumer demands and regulatory requirements. Additionally, the shift towards electric vehicles and autonomous driving technologies has created a need for motors with higher performance capabilities and reliability. The industry also experiences challenges related to supply chain disruptions, geopolitical uncertainties, and the impact of global economic conditions on consumer demand for automobiles, which ultimately affects the demand for automotive motors. Overall, navigating these challenges requires strategic planning, investment in research and development, and collaboration across the automotive ecosystem.
The Global Automotive Motor Market is being driven by several key factors, including the increasing demand for electric vehicles (EVs) and hybrid vehicles, growing focus on energy efficiency and sustainability, stringent government regulations regarding emissions and fuel efficiency, and the rise of advanced technologies such as autonomous driving and electric power steering systems. Additionally, the automotive industry`s continuous efforts to improve vehicle performance, reduce weight, and enhance overall driving experience are also contributing to the growth of the automotive motor market. As automakers strive to meet consumer demands for cleaner and more efficient vehicles, the demand for automotive motors that are more reliable, efficient, and compact is expected to continue rising in the coming years.
Government policies related to the Global Automotive Motor Market vary by country but generally focus on promoting the adoption of electric vehicles (EVs) to reduce carbon emissions and combat climate change. Many governments offer incentives such as tax credits, rebates, and subsidies for EV purchases, as well as funding for research and development in electric vehicle technology. Additionally, regulatory measures such as fuel economy standards and emissions regulations play a key role in shaping the automotive motor market. Some countries have also set targets to phase out the production of internal combustion engine vehicles in favor of EVs. Overall, government policies in the Global Automotive Motor Market are increasingly geared towards promoting sustainability and innovation in the transportation sector.
The Global Automotive Motor Market is expected to witness steady growth in the coming years due to increasing demand for electric vehicles (EVs) and advancements in automotive technologies. The shift towards electric vehicles is driving the demand for electric motors, while the development of autonomous vehicles and in-vehicle connectivity features is also expected to boost the market. Additionally, stringent regulations focusing on reducing emissions and improving fuel efficiency will drive the adoption of energy-efficient motors in automobiles. The market is likely to see continued innovation in motor technologies, such as the development of more efficient and compact motors to meet the evolving needs of the automotive industry. Overall, the Global Automotive Motor Market is poised for growth opportunities in the future as the automotive sector continues to evolve towards electrification and smart technologies.
In the Global Automotive Motor Market, Asia is expected to dominate due to the presence of key automotive manufacturing countries like China, Japan, and South Korea, along with the growing adoption of electric vehicles in the region. North America is projected to witness significant growth driven by the strong presence of automotive giants and increasing investments in electric vehicle technology. Europe is likely to experience steady growth supported by stringent emissions regulations and the focus on sustainable transportation solutions. The Middle East and Africa region is anticipated to show moderate growth due to increasing automotive production and infrastructure development. Latin America is expected to have a slower growth rate compared to other regions, attributed to economic challenges and lower automotive demand.
Global Automotive Motor Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Automotive Motor Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Automotive Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Global Automotive Motor Market - Industry Life Cycle |
3.4 Global Automotive Motor Market - Porter's Five Forces |
3.5 Global Automotive Motor Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Automotive Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Automotive Motor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Global Automotive Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Automotive Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Automotive Motor Market Trends |
6 Global Automotive Motor Market, 2021 - 2031 |
6.1 Global Automotive Motor Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Automotive Motor Market, Revenues & Volume, By AC Motors, 2021 - 2031 |
6.1.3 Global Automotive Motor Market, Revenues & Volume, By DC Motors, 2021 - 2031 |
6.1.4 Global Automotive Motor Market, Revenues & Volume, By BLDC Motors, 2021 - 2031 |
6.1.5 Global Automotive Motor Market, Revenues & Volume, By Stepper Motors, 2021 - 2031 |
6.2 Global Automotive Motor Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Automotive Motor Market, Revenues & Volume, By Induction Motors, 2021 - 2031 |
6.2.3 Global Automotive Motor Market, Revenues & Volume, By Permanent Magnet, 2021 - 2031 |
6.2.4 Global Automotive Motor Market, Revenues & Volume, By Brushless, 2021 - 2031 |
6.2.5 Global Automotive Motor Market, Revenues & Volume, By Stepper Technology, 2021 - 2031 |
6.3 Global Automotive Motor Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Automotive Motor Market, Revenues & Volume, By Electric Vehicles, 2021 - 2031 |
6.3.3 Global Automotive Motor Market, Revenues & Volume, By Hybrid Vehicles, 2021 - 2031 |
6.3.4 Global Automotive Motor Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.3.5 Global Automotive Motor Market, Revenues & Volume, By Infotainment Systems, 2021 - 2031 |
7 North America Automotive Motor Market, Overview & Analysis |
7.1 North America Automotive Motor Market Revenues & Volume, 2021 - 2031 |
7.2 North America Automotive Motor Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Automotive Motor Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Automotive Motor Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.5 North America Automotive Motor Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Automotive Motor Market, Overview & Analysis |
8.1 Latin America (LATAM) Automotive Motor Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Automotive Motor Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Automotive Motor Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Automotive Motor Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.5 Latin America (LATAM) Automotive Motor Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Automotive Motor Market, Overview & Analysis |
9.1 Asia Automotive Motor Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Automotive Motor Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Automotive Motor Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Automotive Motor Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.5 Asia Automotive Motor Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Automotive Motor Market, Overview & Analysis |
10.1 Africa Automotive Motor Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Automotive Motor Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Automotive Motor Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Automotive Motor Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.5 Africa Automotive Motor Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Automotive Motor Market, Overview & Analysis |
11.1 Europe Automotive Motor Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Automotive Motor Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Automotive Motor Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Automotive Motor Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.5 Europe Automotive Motor Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Automotive Motor Market, Overview & Analysis |
12.1 Middle East Automotive Motor Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Automotive Motor Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Automotive Motor Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Automotive Motor Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Automotive Motor Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.5 Middle East Automotive Motor Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Automotive Motor Market Key Performance Indicators |
14 Global Automotive Motor Market - Export/Import By Countries Assessment |
15 Global Automotive Motor Market - Opportunity Assessment |
15.1 Global Automotive Motor Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Automotive Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Automotive Motor Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.4 Global Automotive Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Automotive Motor Market - Competitive Landscape |
16.1 Global Automotive Motor Market Revenue Share, By Companies, 2024 |
16.2 Global Automotive Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |