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AUTOMOTIVE MOTORS MARKET ANALYSIS
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AUTOMOTIVE MOTORS MARKET ANALYSIS

Automotive Motor Market By Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, and Stepper Motors), By Application (Performance Motors, Comfort Motors, and Safety Motors), By Vehicle Type (Passenger Cars, Two/Three Wheelers, and Commercial Vehicles (Light Commercial Vehicles and Heavy Commercial vehicles)), By Electric Vehicle (Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle, and Battery Electric Vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East& Africa)

Automotive Motors MarketSize and Trends

Global Automotive Motors Market size was valued at US$ 28.12 Bn in 2022, exhibiting a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.

Global automotive motor market was valued at US$ 27.34 Billion in 2021 and is expected to reach US$ 47.08 Billion by 2030, exhibiting a CAGR of 6.6% between 2022 and 2030.

Figure 2. Global Automotive Motor Market Value (US$ Bn) Analysis and Forecast, 2021

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Press Release

Automotive Motor Market To Surpass US$ 47.08 Bn By 2030
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