According to Research Report Published By Research Cosmos, Automotive Motors Market to Generate a Revenue of US$ 40.29 Billion by 2025, The automotive motors are electric systems integrated in various automotive components such as airbags, ABS, and power windows, which help enhance vehicle performance, improve safety and increase comfort of occupants. Rampant growth of the global automotive sector, especially the electric vehicle segment, along with stringent government regulations pertaining to vehicle safety are in turn, augmenting market growth.
Market Dynamics:
The recent past has witnessed rising adoption of electric vehicles due to various advantages such as eco-friendly, less noise pollution, cost effective, cheaper to run and maintain. Such vehicles integrate a higher number of automotive motors and thus, growth of this segment fuels growth of the automotive motors market. According to Coherent Market Insights, around 565,668 units of electric vehicles were sold in 2015, globally up from 315,519 in 2014. China, the U.S., and Japan are some of the major countries that account for high market share in electric vehicles sales. In 2015, volume sales of electric vehicles was pegged at 214,283, 115,262 and 46,339 in China, the U.S., and Japan, respectively.
Hybrid electric vehicles segment held the dominant position in 2016 and is projected to retain its dominance throughout the forecast period. High sales of hybrid electric vehicle become one of the major factors for the growth of the market. According to Coherent Market Insights, volume sales of hybrid vehicles was 384,404 units in 2015.
Key features of the study:
This report provides an in-depth analysis of automotive motors market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global automotive motors market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered as a part of this study include Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
The global automotive motors market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the automotive motors market.
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