Automotive Motor Market

High demand for safety and convenience is driving the market growth

The automotive industry has been witnessing increased demand for advanced vehicle features, such as power steering systems, climate control systems, and anti-lock braking systems. The automotive industry has witnessed an increase in the use of motors due to their various applications, contributing to the growth of the automotive motor market.

Additionally, developed countries like the US are witnessing a surge in demand for improved vehicle comfort, safety, and convenience features. Such features, including steering-mounted controls, heads-up displays, advanced infotainment systems, gesture control systems, telematics, and central controllers, have become increasingly popular due to their luxury, safety, and security benefits. This factor drives the market CAGR

Additionally, the growing demand for luxury vehicles to present growth and the advancement in technology, particularly in artificial intelligence and machine learning, has led to the development of autonomous vehicles, contributing to the growth of the automotive motor market. Luxury vehicle manufacturers are focusing on the research and development of electric vehicles to meet the growing demand for sustainable and eco-friendly transportation due to environmental concerns.

Luxury vehicle sales are expected to be boosted by incorporating advanced features such as autonomous driving, retina recognition, and personal voice assistance. Governments and environmental organizations worldwide are enforcing stricter emission norms due to rising exhaust emissions and increasing demand for EVs. Governments are also providing higher incentives and subsidies to encourage the adoption of sustainable transportation. These factors drive the Automotive Motor market revenue.

The increasing global emphasis on sustainability and reducing carbon emissions drives the demand for electric vehicles, which rely heavily on advanced automotive motors. In 2024, the Global Automotive Motor Market Industry is valued at 42.2 USD Billion, reflecting a significant shift towards electric mobility. Governments worldwide are implementing stringent regulations to promote electric vehicle adoption, which further fuels the market. For instance, countries like Norway and Germany are leading in electric vehicle sales, indicating a robust market potential. This trend is expected to continue, with projections suggesting that by 2035, the market could reach 67.9 USD Billion, showcasing a compound annual growth rate of 4.42% from 2025 to 2035.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American automotive motor market will dominate, with increased demand for luxury vehicles to present growth opportunities and the growth of the worldwide automotive industry.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Automotive Motor Market Share By Region 2023 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Automotive Motor market accounts for the second-largest market share due to the high focus on emission norms, rising demand for electric and luxury vehicles, decreasing display prices, high production volume, and integration with software technologies. Further, the German Automotive Motor market held the largest market share, and the UK Automotive Motor market was the fastest-growing market in the European Region.

The Asia-Pacific Automotive Motor Market is expected to grow at the fastest CAGR from 2024 to 2034. This is dueto the growing vehicle production in emerging economies and

The Region's automotive industry benefits from prominent automakers, including Suzuki, Toyota, Mitsubishi, Hyundai-Kia, Lexus, and Tata Motors Limited. Moreover, China’s Automotive Motor market held the largest market share, and the Indian Automotive Motor market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the Automotive Motor market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The automotive motor industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automotive Motor industry to benefit clients and increase the market sector. In recent years, the Automotive Motor industry has offered some of the most significant advantages to medicine. Major players in the Automotive Motor market, including Robert Bosch (Germany), Johnson Electric Holdings Limited (Hong Kong), Continental (Germany), Nidec (Japan), Denso (Japan), Mitsubishi (Japan), Siemens (Germany), Magna (Canada), Valeo (France), BorgWarner (US), and others, are attempting to increase market demand by investing in research and development operations.

Renault Group, founded in 1899, is a well-established multinational automobile manufacturer headquartered in France, specializing in producing a wide range of vehicles, including cars and vans. Over the years, the company has also ventured into manufacturing tanks, trucks, tractors, aircraft, and other types of vehicles. Recently, Renault Group and Valeo and Valeo Siemens e-Automotive partnered to develop and produce an advanced electric motor for automotive applications in France.

Continental AG, a leading German automotive parts manufacturer, specializes in producing tires, brake systems, and interior electronics. The company plans to launch the 800 V electric traction motor technology in China, which is designed to fit into the EMR4 platform. Both stator and rotor are parts of a powertrain platform for electric vehicles developed by a Chinese OEM. Continental AG has established a new production line for manufacturing this technology at its Tianjin facility. The development of the 8-layer hairpin stator was a global effort, and production is expected to begin in 2023.