Automotive micro motor market is anticipated to grow at a CAGR of 6.2% during the forecast period (2023-2030). The market’s growth is attributed to rising demand and production of EV around the globe. The move to EVs is a significant driver for the automotive micro motor market. Small motors are used in electric automobiles for services such as power windows, windshield wipers, and electric power steering, among others. According to the International Energy Agency (IEA), in July 2022, vehicles with internal combustion accounted for more than 50.0% of total fuel consumption and 36.3 gigatons of carbon emissions. Whereas the EVs, which do not emit exhaust emissions while in service, are more environment friendly compared to traditional automobiles. Hence, there has been an increase in the production of EVs over the past few years. In 2021, sales of hybrid and other EVs globally totaled 6.8 million, representing a 108% increase from 2020.
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The global automotive micro motor market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Europe is anticipated to hold a prominent share of the market around the globe, owing to the substantial presence of the automotive industry in the region.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Micro Motor Market by Power Consumption
- Less than 11 V
- 12 V – 24 V
- 25 V – 48 V
- More than 48 V
Global Automotive Micro Motor Market by Motor Type
- Direct Current (DC)
- Alternating Current (AC)
Global Automotive Micro Motor Market by Technology Type
- Brushed Micromotor
- Brushless Micromotor
Global Automotive Micro Motor Market by End-User
- Industrial
- Automotive & Aerospace
- Healthcare
- Others (Government and Defense Agencies, Electric Vehicle (EV) and Hybrid Vehicle Manufacturers)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ASMO Co. Ltd.
- Brose Fahrzeugteile SE & Co.
- Constar Micromotor Co., Ltd.
- DENSO Corp.
- Hitachi Astemo, Ltd.
- Johnson Electric Group
- LG Innotek Co., Ltd.
- MABUCHI MOTOR
- MAHLE GmbH
- maxon Group
- MITSUBA Corp.
- Nidec Corp.
- NSK Ltd.
- Panasonic Holdings Corp.
- Remy International
- Robert Bosch GmbH
- Siemens AG.
- VALEO
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive micro motor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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