Global Automotive Motor Market Size & Outlook
The automotive motor industry worldwide is expected to reach a projected revenue of US$ 50,947.9 million by 2028. A compound annual growth rate of 5.4% is expected of the worldwide automotive motor industry from 2022 to 2028.
Revenue, 2021 (US$M)
$35,363.6
Forecast, 2028 (US$M)
$50,947.9
CAGR, 2022 - 2028
5.4%
Report Coverage
Worldwide
Global automotive motor market, 2017-2028 (US$M)
Related Markets
Global automotive motor market highlights
- The global automotive motor market generated a revenue of USD 35,363.6 million in 2021 and is expected to reach USD 50,947.9 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 5.4% by 2028.
- In terms of segment, brushed dc motor accounted for a revenue of USD 15,340.5 million in 2021.
- Traction Motor is the most lucrative motor type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 35,363.6 million |
| Market revenue in 2028 | USD 50,947.9 million |
| Growth rate | 5.4% (CAGR from 2021 to 2028) |
| Largest segment | Brushed dc motor |
| Fastest growing segment | Traction Motor |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brushed DC Motor, Brushless DC Motor, Stepper Motor, Traction Motor |
Other key industry trends
- In terms of revenue, the North America accounted for 18.0% of the global automotive motor market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2028.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 998.7 million by 2028.
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Automotive Motor Market Scope
Automotive motor market segmentation & scope
Automotive Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive motor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive motor market will help companies and investors design strategic landscapes.
brushed dc motor was the largest segment with a revenue share of 43.38% in 2021. Horizon Databook has segmented the Global automotive motor market based on brushed dc motor, brushless dc motor, stepper motor, traction motor covering the revenue growth of each sub-segment from 2017 to 2028.
- Global Automotive Motor Motor Type Outlook (Revenue, USD Million, 2017-2028)
- Brushed DC Motor
- Brushless DC Motor
- Stepper Motor
- Traction Motor
- Global Automotive Motor Application Outlook (Revenue, USD Million, 2017-2028)
- Safety
- Comfort
- Performance
- Global Automotive Motor Sales Channel Outlook (Revenue, USD Million, 2017-2028)
- OEM
- Aftermarket
- Global Automotive Motor Vehicle Type Outlook (Revenue, USD Million, 2017-2028)
- Electric Vehicle
- BEV
- PHEV
- Non-Electric Vehicle
- Passenger
- LCV
- HCV
- Electric Vehicle
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Our clientele includes a mix of automotive motor market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive motor market, including forecasts for subscribers. This global databook contains high-level insights into Global automotive motor market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Global automotive motor market statistics, by region, 2017-2028 (US$M)
Top 10 countries: Automotive motor market size, 2021 (USD Million)
Top 10 countries: Automotive motor market size, 2021 (USD Million)
Global automotive motor market, by region, 2021 (US$M)
Related regional statistics
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