Prominent Players
The report has profiled some of the key players in the global Automotive Electric Motor Market Size including Bosch GmbH (Germany), Chengdu Huachuan Electric Parts Co. Ltd. (China), Chongqing Bright Industry Group Co. Ltd.(China), Hubei Shendian Auto Motor Co. Ltd. (China), Jinzhou Halla Electrical Equipment Co. Ltd. (China), Johnson Electric International AG (Hong Kong), Mitsubishi Electric Corporation (Japan), Shanghai Valeo Automotive Electrical Systems Co. Ltd. (China), Shanghai Valeo Automotive Motor & Wiper Systems Co. Ltd.(China), and Taizhou ValeoWenling Automotive Systems Co. Ltd. (China).
Industry Update
February 2019: Yasa has announced its engagement in a long-term innovation agreement with a global original equipment manufacturer. The partnership will focus on the development of custom electric motor and controller solutions of the OEMs high-performance hybrid and pure electric vehicles. Yasa is a world’s leading axial-flux and controllers manufacturer.
February 2019: Amazon has led an investment round of 700 million in the electric vehicle startup Rivian, elevating the startup to unicorn status by driving its value to over a billion dollars. Rivian Automotive is a Michigan based startup producing the world’s first electric adventure vehicles.
Segmental Analysis
The global Electric Motor Market is segmented on the basis of installation position and by function. By installation position, the market for automotive electric motors is segmented into body motors, chassis motors, and powertrain motors. By function, the market has been segmented into small sized automotive electric motors, automotive starters, and alternators.
Detailed Regional Analysis
North America and Europe are experiencing high awareness of the use of energy efficient automotive electric motors, contributing to significant market growth in the regions. Further, the lower cost of purchasing and maintenance are is driving substantial growth in the Automotive Electric Motor Market Size during the forecast period. In North America, countries like the U.S and Canada are estimated to garner major growth. Whereas, in Europe, countries including France, Germany, Spain, and the United Kingdom are anticipated to showcase proliferation in market growth.