North America Automotive Motor Market Size & Outlook
North America automotive motor market, 2017-2028 (US$M)
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North America automotive motor market highlights
- The North America automotive motor market generated a revenue of USD 6,357.2 million in 2021.
- The market is expected to grow at a CAGR of 5.5% 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, U.S. is expected to register the highest CAGR from 2022 to 2028.
North America data book summary
| Market revenue in 2021 | USD 6,357.2 million |
| Market revenue in 2028 | USD 9,224.2 million |
| Growth rate | 5.5% (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 |
| Key market players worldwide | Nidec 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, North America region accounted for 18.0% 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 Scope
Automotive Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North 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 43.25% in 2021. Horizon Databook has segmented the North 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 North America automotive motor market databook
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Our clientele includes a mix of automotive motor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive motor market, including forecasts for subscribers. This continent databook contains high-level insights into North America automotive motor market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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North America automotive motor market size, by country, 2017-2028 (US$M)
North America Automotive Motor Market Share, 2021 & 2028 (US$M)
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