Europe Automotive Motor Market Size & Outlook, 2021-2028

The automotive motor market in Europe is expected to reach a projected revenue of US$ 10,107.6 million by 2028. A compound annual growth rate of 3.9% is expected of Europe automotive motor market from 2022 to 2028.
Revenue, 2021 (US$M)
$7,717.9
Forecast, 2028 (US$M)
$10,107.6
CAGR, 2022 - 2028
3.9%
Report Coverage
Europe

Europe automotive motor market highlights

  • The Europe automotive motor market generated a revenue of USD 7,717.9 million in 2021.
  • The market is expected to grow at a CAGR of 3.9% from 2022 to 2028.
  • In terms of segment, brushed dc motor was the largest revenue generating motor type in 2021.
  • Traction Motor is the most lucrative motor type segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2022 to 2028.


Europe data book summary

Market revenue in 2021USD 7,717.9 million
Market revenue in 2028USD 10,107.6 million
Growth rate3.9% (CAGR from 2021 to 2028)
Largest segmentBrushed dc motor
Fastest growing segmentTraction Motor
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationBrushed DC Motor, Brushless DC Motor, Stepper Motor, Traction Motor
Key market players worldwideNidec Corp, Johnson Electric Holdings Ltd, Robert Bosch Engineering & Business Solutions, Denso Corp, Continental AG, Mitsubishi Electric Corp


Other key industry trends

  • In terms of revenue, Europe region accounted for 21.8% of the global automotive motor market in 2021.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 25,458.1 million by 2028.

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Automotive Motor Market Companies

Name Profile # Employees HQ Website

Europe 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 43.18% in 2021. Horizon Databook has segmented the Europe 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.


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  • Our clientele includes a mix of automotive motor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe automotive motor market, including forecasts for subscribers. This continent databook contains high-level insights into Europe automotive motor market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Europe automotive motor market size, by country, 2017-2028 (US$M)

Europe Automotive Motor Market Share, 2021 & 2028 (US$M)

Europe automotive motor market size, by country, 2017-2028 (US$M)

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