Automotive micro motors are electric motors that are used in vehicles. Motors generally operate in Faraday’s low of electromagnetic induction and convert electrical energy into mechanical energy.
Market Analysis and Insights: Global Automotive Micro Motor Market
Due to the COVID-19 pandemic, the global Automotive Micro Motor market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Brushed DC Motor accounting for % of the Automotive Micro Motor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Car segment is altered to an % CAGR throughout this forecast period.
As of 2017, the Asia-Pacific region is the largest market for automotive micro motors and is expected to maintain its dominance till 2025.
Global Automotive Micro Motor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automotive Micro Motor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Brushed DC Motor
Brushless DC Motor
Segment by Application
Passenger Car
Commercial Vehicle
By Company
Asmo (Denso)
Johnson Electric
NIDEC
Bosch
Mitsuba
Brose
Mabuchi Motors
Valeo
DY Corporation
LG Innotek
MinebeaMitsumi
ShengHuaBo Group
Keyang Electric Machinery
Buhler Motor
Shanghai SIIC Transportation Electric
Igarashi Motors India
Kitashiba Electric
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia