Germany automotive motors market is projected to grow at a significant CAGR of 8.9%during the forecast period. The key factors that drive the Germany automotive motors market include the strong and robust automotive industry in the country along with the presence of the major automakers and auto-ancillaries in the country such as Audi, BMW, Ford-Werke GmbH, Mercedes-Benz, Volkswagen, Robert Bosch, Continental, MAHLE among many others. The rapid advancements by the key players in automobiles along with the introduction of electric vehicles primarily encourage the adoption of automotive motors. For instance, Audi AG introduced its first electric car model Audi e-tron in the market in May 2019 and is planning to invest some more to manufacture electric vehicles as significant demand is expected in the electric vehicle. Thus, this shift is likely to enhance the growth of the automotive motor industry over the forecast period.
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Germany’s automotive motors market is segmented by type, vehicle type, and distribution channel. Based on the type, the market is sectioned as brushless dc motor & 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 further segmented into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). Based on the 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
Germany 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
The Report covers:
- Comprehensive research methodology of the Germany 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 Germany automotive motors market.
- Insights about market determinants which are stimulating the Germany 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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