Global Automotive Motor Market Forecast 2018 To 2023Posted by Abhijeet Bendre on June 15th, 2018 Automotive Motor Market 2018 - Global Automotive Industry Forecast to 2023 research report published by “Market Research Future”, Automotive Motor Market growth is boosted by factors such as increased government initiative, energy efficient evaluation program, increased demand from automotive industry, and others. Government have taken various initiatives to improve the efficiency of the motor. According to Office of Energy Efficiency & Renewable Energy, there has been a significant investment of about USD 25 million for the advancement of technology to provide energy-efficient motor. The department of energy have taken up various projects by Next Generation of Electric Machines which will enable them to get fund opportunity. The initiative will leverage the manufacturers of motors with advanced technology made in nanomaterial’s research with improved performance. Global Automotive Motor Market Highlights: Robert Bosch GmbH (Germany), Johnson Electric Holdings Ltd. (Hong Kong), Continental AG (Germany), Nidec Corporation (Japan), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan). Siemens AG (Germany), Magna International (Canada), Valeo S.A. (France), Borgwarner Inc. (U.S.), Mitsuba Corporation (Japan), Mahle Group (Germany), PMP Auto Components Pvt. Ltd. (India), SAIC Motor Corporation Limited (China), REIL Electricals India Limited (India). Get Sample Copy of “Global Automotive Motor Market Research Report - Forecast to 2023” Report At: https://www.marketresearchfuture.com/sample_request/5595 Market Segmentation: The Automotive Motor market is segmented based on product, application, vehicle type, and electric vehicle type. By product, the market is segmented based on DC brushed, BLDC motors, and stepper. DC brushed segment is expected to dominate the market in future because they are easy to install and available at low cost as compared to other types. The DC brushed motor works through direct current power source. The brushed motor is generally used for providing high speed and power to the vehicle. This will led to growing demand for brushed motor. By application, the market is segmented based on performance motors, comfort motors, and safety motors. Performance segment is expected to dominate the market because major automotive manufacturers focus on increasing the overall performance of the vehicle. The increased performance of the vehicle with the use of electric motor will result in increased fuel efficiency and will led to the demand for vehicles in future. By vehicle type, the market is segmented based on passenger car and commercial vehicles. The passenger car segment is expected to dominate the market in future due to increase in production of passenger cars in emerging economies. The increased production will require higher installation of motor in the vehicles. Regional Analysis: By region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period due to the growing production of passenger and commercial vehicle in emerging economies. The attribution of the growth is majorly due to countries such as India, China, and Japan where there is increased production contribution by the OEM’s. There are various government regulation, which have mandated safety features in vehicle such as airbags, ABS, and others. The increased safety feature components require installation of motor which will increase the demand for the market in future. North America is expected to be the second largest market in automotive motor. In North America, U.S. is expected to dominate the market due to growing demand for safety features to be installed in the vehicles Target Audience:
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