Automotive Motors Market is expected to grow from USD 22.60 billion in 2021 to USD 33.14 billion by 2029, at a CAGR of 5.1% during the forecast period 2022-2029 : GreyViews

Pune India, July 09, 2022 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the Automotive Motors market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the Automotive Motors market is present across various countries in the above-mentioned regions. Get Sample Copy of This Report @ The report provides detailed understanding of the market segments which have been formed by combining different prospects such as the motor type, vehicle type, electric vehicle type, function, vehicle drive type, application, and others. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs. The significant players operating in the global Automotive Motors market are Robert Bosch GmbH, Denso, BorgWarner, ZF Group, Continental AG, Mitsubishi Electric Corporation, Johnson Electric Holdings Ltd., Nidec Corporation, MITSUBA Corporation, BorgWarner Inc., and others. To achieve a substantial market share in the worldwide Automotive Motors market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures. Among these, Robert Bosch is one of the most significant manufacturers and distributors present in the global Automotive Motors market. Electric motor is an electrical machine which helps in conversion of electrical energy into mechanical energy. Such motors have become an essential part of a vehicle to smoothly perform operations involving continuous rotational motion. The electric motors used in automotive should have characteristics such as high power density, high starting torque, and enhanced efficiency. Also, there are increasing applications of speed or torque controlled motors in automotive due to the need for improved fuel economy along with the demand for vehicles with more convenience and comfort. In present times, the continuous developments in technology has enabled rising focus of automobile manufacturers on implementation of automotive motors for different systems in the vehicle. These systems include power steering system, anti-lock braking system, and climate control system among others. In addition, automotive motor is the prominent part of ABS, ESC, and AEB systems. Furthermore, convenience and safety features are not only limited for premium vehicles but are also being provided in entry-level and mid-level vehicles. Hence, demand for convenience and safety features in vehicles has driven growth of the global automotive motor market. Enquiry Before Buying This Report @ Scope of Automotive Motors Market Report Report Metric Information Study Period 2021-2029 Base Year 2021 Forecast Period 2022-2029 Market Share Unit USD Billion Segments Covered Motor type, vehicle type, electric vehicle type, function, vehicle drive type, application, and regions Regions Covered North America, Europe, Asia-Pacific, South America and Middle-East and Africa Major Players Robert Bosch GmbH, Denso, BorgWarner, ZF Group, Continental AG, Mitsubishi ... Full story available on