The North America automotive motors market is projected to grow at a significant CAGR of 7.4% during the forecast period. The key factors that drive the market include the increased need for safety features and convenience in a vehicle. The advancements in vehicle manufacturing and the advent of electric vehicles owing to the increased focus towards the adoption of renewable energy among the people further drive the growth of the market over the forecast period. Besides, the increased focus of the government towards the adoption of electric vehicles also supports the growth of the market.
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The North America 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 & stepper motor, brushed dc motor, ac induction motor, and others. By vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and electric vehicles. Commercial vehicles segment is sub-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. The OEM segment holds a significant share in the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- 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
North America Automotive Motors Market by Type
- Brushless DC Motor&Stepper Motor
- Brushed DC Motor
- AC Induction Motor
North America Automotive Motors Market by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Others (Buses & Coaches)
- Electric Vehicles
- Battery Electric Vehicles (BEVs)
- Plug-in Electric Vehicles (PEVs)
- Hybrid Electric Vehicles (HEVs)
North America Automotive Motors Market by Distribution Channel
- OEM
- Aftermarket
Regional Analysis
- North America
- United States
- Canada
Company Profiles
- Borgwarner Inc.
- Brose Fahrzeugteile SE & Co. KG
- Buhler Motor GmbH
- Continental AG
- Denso Corp.
- Johnson Electric Holdings Ltd.
- Magna International Inc.
- Mitsubishi Electric Corp.
- Nidec Corp.
- Robert Bosch GmbH
- Siemens AG
- Tesla Inc.
- Valeo SA
The Report covers:
- Comprehensive research methodology of the North America 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 North America automotive motors market.
- Insights about market determinants which are stimulating the North America 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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