ICT RESEARCH REPORTS Automotive-Motors-Market | Page 2

Passenger cars segment held the dominant position in the global automotive motors
market in 2016
Among vehicle types, Passenger cars segment held the dominant position in 2016 and is
projected to retain its dominance throughout the forecast period. According to Coherent Market
Insights in 2017, the global Passenger car sales volume is estimated to reach 71 million units.
Hence, these increasing sales units is expected to lead to growing demand for automotive
motors, globally.
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Asia Pacific held a dominant position in the global Automotive Motor market in 2016
According to Coherent Market Insights, Asia Pacific is projected to retain its dominance
throughout the forecast period in the global automotive motors market. This is attributed to
growth of the Asia Pacific emerging as a major automotive hub, with India, China, and Japan
positioned as the growth engines for the automotive sector in the region. According to
Organisation Internationale des Constructeurs d'Automobiles in 2016, 39.4 million units of
Passenger cars were sold in this region, up from 36.1 million units in 2015. It also stated that in
2016, China held 61.8% share of the total Asia Pacific Passenger cars sales and 35.1% of the
global Passenger cars sales. Hence, China was the largest market in the region in 2016. Rising
consumer preference for start-stop systems, anti-lock bricking systems (ABS), and other such
technologies have also accelerated growth of the automotive motors market in Asia Pacific. The
recent past has witnessed various government regulations regarding vehicular safety being
implemented across the world. For example:- According to Bharat New Vehicle Safety
Assessment Program (India) 2017, critical safety features such as airbags, ABS, and seat belt
reminders are mandatory for OEMs to install. Such regulatory adherence results in automakers
increasing integrating advanced safety systems such as ABS and airbags, in turn fueling market
growth.
Key Companies- Global Automotive Motor Market.
Some of the major companies in the global automotive motor market are Siemens AG, Robert
Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric
Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.
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