Latin America Automotive Motor Market Size & Outlook

The automotive motor market in Latin America is expected to reach a projected revenue of US$ 3,926.9 million by 2028. A compound annual growth rate of 2.7% is expected of Latin America automotive motor market from 2022 to 2028.
Revenue, 2021 (US$M)
$3,267.6
Forecast, 2028 (US$M)
$3,926.9
CAGR, 2022 - 2028
2.7%
Report Coverage
Latin America

Latin America automotive motor market highlights

  • The Latin America automotive motor market generated a revenue of USD 3,267.6 million in 2021.
  • The market is expected to grow at a CAGR of 2.7% 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, Brazil is expected to register the highest CAGR from 2022 to 2028.


Latin America data book summary

Market revenue in 2021USD 3,267.6 million
Market revenue in 2028USD 3,926.9 million
Growth rate2.7% (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, Latin America region accounted for 9.2% 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

Latin America 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 43.27% in 2021. Horizon Databook has segmented the Latin America 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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Target buyers of Latin America automotive motor market databook

  • 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 Latin America automotive motor market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America automotive motor market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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

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

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

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