Automotive Motors Market Evolving Industry Trends and
key Insights by 2026
Automotive Motors Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Motors are an integral part of vehicle components such as seat cooling fans, engine cooling fans,
power steering motors, battery cooling fans, and power windows motors. Growing consumer
inclination towards such advanced features in vehicles, in turn creates a conducive environment
for growth of the automotive motor market. Moreover, increasing sales volume of vehicles
further augments market growth. According to Organisation Internationale des Constructeurs
d'Automobiles in 2016, around 69.5 million units of Passenger cars were sold globally, up from
66.3 million in 2015.
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DC brushed motors segment held the dominant position in global automotive motors
market in 2016
Among product types, DC brushed motors segment held the dominant position in the market in
2016 and is projected to retain its dominance throughout the forecast period. Adoption of these
DC brushed motors is increasing owing to its low cost and advantage of simple drive control
model. Systems such as windshield wipers, power windows, washer, and cooling fans are
dependent on DC brushed motors.