The European automotive motors market is projected to grow at a significant CAGR of 9.1% during the forecast period. UK, Germany, Spain, Italy, France, Czech Republic, and Russia are the major countries contributing to the market as these countries are among the leading automotive manufacturers across the globe. European countries are laying emphasis on shifting their focus on power generation through renewable resources and promoting electric vehicles that are environmentally friendly. Thus, this is expected to increase the demand for automotive motors in the market for the manufacturing of vehicles including electric vehicles.
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The European automotive motors market is segmented into the type, vehicle type, and distribution channel. Based on the type, the market has been sectioned as brushless dc motor and stepper motor, brushed dc motor, ac induction motor, and others. Based on the vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and electric vehicles. Commercial vehicles segment is further segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others. Whereas the electric vehicles segment is sub-segmented into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). The electric vehicle segment will be the fastest-growing segment during the forecast period in the region. By distribution channel, the market is segmented as OEM and aftermarket.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Europe Automotive Motor Market – Segmentation
By Type
- Brushless DC Motor & Stepper Motor
- Brushed DC Motor
- Others
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o Others (Buses & Coaches)
- Electric Vehicles
o Battery Electric Vehicles (BEVs)
o Plug-in Electric Vehicles (PEVs)
o Hybrid Electric Vehicles (HEVs)
By Distribution Channel
- OEM
- Aftermarket
Europe Automotive Motor Market – Segmentation by Region
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
The Report covers:
- Comprehensive research methodology of the European automotive motors market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European automotive motors market.
- Insights about market determinants which are stimulating the European automotive motors market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of the market players.
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