| Product Code: ETC4580005 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India micro motor market import shipment demonstrated a steady growth trend with a significant CAGR from 2020 to 2024. However, the growth rate experienced a slight decline between 2023 and 2024, indicating a potential slowdown in the market expansion momentum. Overall, the market exhibited expansion but with a slight stabilization towards the end of the period.
The India Micro Motor Market represents a vital component of the broader automotive components industry, focusing on the production of small, efficient electric motors used in various vehicle systems and applications. Micro motors play a crucial role in enabling functionalities such as power windows, seat adjustments, and HVAC systems. With the increasing demand for convenience and comfort features in vehicles, the demand for reliable and energy-efficient micro motors is on the rise. This market is marked by innovation and advancements in motor technology, with companies continually developing compact and high-performance micro motors to meet the evolving needs of the India automotive sector.
The micro motor market in India is witnessing significant growth, driven by several critical factors. Firstly, the miniaturization and increased automation in various industries, including automotive, have propelled the demand for micro motors. These compact motors are essential for precise control and actuation in automotive applications, such as power windows, HVAC systems, and seat adjustment. Moreover, the growing adoption of electric and hybrid vehicles in India requires micro motors for various components like electric power steering and electric brake systems, boosting the market. Additionally, the focus on energy efficiency and reduced emissions in the automotive sector further encourages the use of micro motors in electric and hybrid vehicles, contributing to market expansion.
The micro motor market in India encounters challenges related to the efficient use of energy, miniaturization, and durability in various applications, including automotive.
The micro motor market in India faced challenges due to supply chain disruptions and reduced production in the automotive sector. However, micro motors are essential in various vehicle applications. Post-pandemic, the market is expected to recover and expand as the automotive industry stabilizes.
Major companies in the India micro motor market include Johnson Electric, Mabuchi Motor, Nidec Corporation, Mitsuba Corporation, and Buhler Motor.
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 India Micro Motor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Micro Motor Market Revenues & Volume, 2021 & 2031F |
3.3 India Micro Motor Market - Industry Life Cycle |
3.4 India Micro Motor Market - Porter's Five Forces |
3.5 India Micro Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Micro Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for consumer electronics and automotive applications driving the growth of the India micro motor market. |
4.2.2 Technological advancements leading to the development of efficient and compact micro motors. |
4.2.3 Government initiatives promoting the adoption of energy-efficient motors in various industries. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of micro motors. |
4.3.2 Intense competition among key market players leading to pricing pressures. |
4.3.3 Lack of skilled labor and expertise hindering the manufacturing processes of micro motors. |
5 India Micro Motor Market Trends |
6 India Micro Motor Market, By Types |
6.1 India Micro Motor Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Micro Motor Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Micro Motor Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.4 India Micro Motor Market Revenues & Volume, By Medical Equipment, 2021-2031F |
6.1.5 India Micro Motor Market Revenues & Volume, By Industrial Automation, 2021-2031F |
6.1.6 India Micro Motor Market Revenues & Volume, By Aircraft, 2021-2031F |
6.1.7 India Micro Motor Market Revenues & Volume, By 3D Printing, 2021-2031F |
6.1.8 India Micro Motor Market Revenues & Volume, By Construction Equipment , 2021-2031F |
7 India Micro Motor Market Import-Export Trade Statistics |
7.1 India Micro Motor Market Export to Major Countries |
7.2 India Micro Motor Market Imports from Major Countries |
8 India Micro Motor Market Key Performance Indicators |
8.1 Average efficiency improvement in micro motors used across industries. |
8.2 Percentage increase in the adoption of micro motors in emerging applications. |
8.3 Average reduction in production lead time for micro motors. |
9 India Micro Motor Market - Opportunity Assessment |
9.1 India Micro Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Micro Motor Market - Competitive Landscape |
10.1 India Micro Motor Market Revenue Share, By Companies, 2024 |
10.2 India Micro Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |