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Automotive Motors Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2001060, Published - January 2025

Segmented in Product Type (DC, AC, Hermetic, Others), Function (Combustion Engine, Electric Propulsion, Others), Vehicle Type, Application and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Automotive Motors Market Outlook

The heart of transportation and mobility is powered by Automotive Motors; they have transformed the way we travel by consistently working towards enhancing efficiency and safety while reducing carbon emissions. The market, for Automotive motors was estimated at $26.1 billion in 2024. It is anticipated to increase to $35.4 billion by 2030 with projections indicating a growth to around $45.5 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 5.2% over the forecast period.


Car engines are like machines that turn energy into power to make vehicles move forward. They come ins. From traditional gas engines, to electric and hybrid motors.


Market Size Forecast & Key Insights

2019
$26.1B2024
2029
$43.3B2034

Absolute Growth Opportunity = $17.2B

The Automotive Motors market is projected to grow from $26.1 billion in 2024 to $43.3 billion in 2034. This represents a CAGR of 5.2%, reflecting rising demand across Electric Vehicles, Powertrain and Chassis and Comfort and Entertainment Systems.

The Automotive Motors market is set to add $17.2 billion between 2024 and 2034, with manufacturer targeting AC & Hermetic Product Type projected to gain a larger market share.

With Rise of electric vehicles, and Increasing preference for high-performance motors, Automotive Motors market to expand 66% between 2024 and 2034.

Opportunities in the Automotive Motors Market

Electrification of Vehicles

The shift from gas powered engines to electric vehicles is revolutionizing the automotive motors industry in a significant way. The continuous developments in EV technology and the growing global concern for the environment and stricter emission regulations are pushing the demand for dependable automotive motors. As more people opt for hybrid cars today due to environmental reasons and other benefits they offer over traditional vehicles the market is ripe with potential, for manufacturers specializing in electric propulsion systems to thrive and expand their business opportunities. The shift towards using power is not only limited to just cars for personal use. Its also spreading to trucks and vans well as motorcycles and even boats. This trend is creating opportunities, for uniques of motors in the automotive industry.

Growth Opportunities in North America and Europe

Europe Outlook

Germany is at the forefront of Europe's growth due to its advanced automotive sector and increasing focus on eco friendly transport solutions like electric vehicles . Government regulations aimed at reducing carbon emissions are driving the popularity of EVs. Boosting the need for automotive motors, in the region where top car manufacturers are competing intensely.

North America Outlook

In North America. Mainly led by the United States. The automotive motors market is well established due to advancements in technology and stringent emission regulations alongside consumer buying power driving its growth trajectory forward significantly. The increasing focus on vehicles in particular electrifying traditional internal combustion engines, with electric motors is a key driver of market evolution.

North America Outlook

In North America. Mainly led by the United States. The automotive motors market is well established due to advancements in technology and stringent emission regulations alongside consumer buying power driving its growth trajectory forward significantly. The increasing focus on vehicles in particular electrifying traditional internal combustion engines, with electric motors is a key driver of market evolution.

Europe Outlook

Germany is at the forefront of Europe's growth due to its advanced automotive sector and increasing focus on eco friendly transport solutions like electric vehicles . Government regulations aimed at reducing carbon emissions are driving the popularity of EVs. Boosting the need for automotive motors, in the region where top car manufacturers are competing intensely.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Japan, Germany, South Korea are expected to grow at 3.4% to 5.0% CAGR

2

Emerging Markets : India, Brazil, Indonesia are expected to grow at 6.0% to 7.2% CAGR

Market Analysis Chart

The automotive industry is clearly showing signs of growth with factors such as market drivers and constraints shaping its direction and pace of expansion significantly. A key factor propelling the sector forward is the rising global demand for electric and hybrid vehicles which are becoming increasingly popular due to their lower emissions and superior efficiency in comparison to traditional combustion engine vehicles. This trend is driving the need, for automotive motors at a rapid rate. Additionally government regulations imposing emission standards are also contributing to the markets momentum.

Recent Developments and Technological Advancement

December 2024

General Motors has greatly expanded its electric vehicle manufacturing capabilities by incorporating high efficiency motors throughout its entire lineup.

October 2024

Tesla has introduced a cutting edge motor design that leverages intelligence to enhance efficiency.

September 2024

Toyota has introduced its groundbreaking Micro Electric Motors designed for vehicles to enhance fuel efficiency and lower carbon emissions.

Advancements in the motor industry are greatly influenced by modern technology and customer choices leading to notable changes in the market landscape. A major trend observed is the rise, in vehicle purchases attributed to growing environmental awareness and supportive government regulations globally.

Impact of Industry Transitions on the Automotive Motors Market

As a core segment of the Automotive industry, the Automotive Motors market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Electric Vehicles and Adoption of Autonomous Vehicles have redefined priorities across the Automotive sector, influencing how the Automotive Motors market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Electric Vehicles:

The automotive industry worldwide is experiencing a transition from conventional combustion engines to electric motors due to the rising focus on environmental issues and more stringent emission regulations driving companies to invest heavily in electric vehicle technology This shift has had an impact on the automotive motors market as manufacturers expand their production capabilities for electric motors used in EVs Major players such as Tesla and Nissan are, at the forefront of developing electric motor driven cars that run solely on battery power and do not only require traditional transmissions The current patterns support the advancement and creativity, in the motors industry by propelling it towards electric mobility.

2

Adoption of Autonomous Vehicles:

With the world gearing up for the rise of self driving cars in the industry companies are adjusting to embrace this significant evolution in vehicle technology. Self driving vehicles rely on motor systems to control acceleration, steering and braking with precision. This calls for advancements such as performance electric motors and integrated systems that can handle complex driving tasks effectively. Leading giants like General Motors and Ford are at the forefront of this transformation, in automotive motor technology landscape.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Automotive industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Automotive industry cascade into the Automotive Motors market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rise of Electric Vehicles, and Advent of Autonomous Vehicles

The rising interest in cars worldwide has also driven the expansion of the Automotive Motors industry significantly. Governments focus, on cutting carbon emissions and the evolution of battery technology have also enhanced the appeal of vehicles. The motors employed in these vehicles come with needs that push forward research and development in this sector as a key market influencer.
The advancement and increasing popularity of self driving cars play a significant role in driving the Automotive Motors market forward. Autonomous vehicles necessitates of motors that offer high precision and reliability to create fresh avenues for growth for manufacturers, in the Automotive Motors industry.
todays customers expect cars to deliver top notch performance while being fuel efficient and comfortable to drive in. This increasing demand has also pushed the industry to improve the technology used in vehicle motors to fulfill these expectations. The focus on enhancing motor efficiency and durability while achieving a power to weight ratio is also fuelin groundbreaking innovations and expansion, within the automotive motors sector.

Restraint: High Costs of Advanced Motors

The substantial expenses involved in producing and obtaining electric motors for automobiles pose a notable challenge in the market space. The use of cutting edge technologies in these motors necessitates financial commitments leading to their elevated pricing. This cost has an influence, on the overall price of vehicles making prospective buyers wary of transitioning to electric vehicles. This aspect detrimentally impacts the expansion and widespread adoption of advanced automotive motors.

Challenge: Stringent Environmental Regulations

The progress in emission regulations and environmental rules greatly hinders market expansion for industries. The production methods of car engines play a role in polluting the environment with harmful waste emissions. The stricter guidelines require companies to invest in technologies to meet standards and this leads to higher manufacturing expenses. This situation presents an obstacle, for car engine manufacturers and limits the growth of the market significantly.

Supply Chain Landscape

Raw Material Acquisition

ArcelorMittal

Rio Tinto

Component Production

Bosch Group

Denso Corporation

Assembly & Testing
Continental / Robert Bosch GmbH
Distribution & Aftermarket Services
LKQ Corporation / Belron
Raw Material Acquisition

ArcelorMittal

Rio Tinto

Component Production

Bosch Group

Denso Corporation

Assembly & Testing

Continental

Robert Bosch GmbH

Distribution & Aftermarket Services

LKQ Corporation

Belron

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Powertrain Components
Automotive
Continental AG, Robert Bosch GmbH
Invest in technologies for high-efficiency powertrain motors, including hybrid and electric solutions
Vehicle Comfort Systems
Automotive
DENSO Corporation, Valeo SA
Focus on developing high-performance motors for improving drive comfort, such as HVAC systems and power seats
Safety and Control Systems
Automotive
Brose Fahrzeugteile, Johnson Electric
Implement advanced designs for reliable precision control, particularly for braking and steering systems
Auxiliary Components
Automotive
Mitsuba Corporation, Nidec Corporation
Utilise innovative approaches to produce compact and efficient motors for auxiliary features, such as window lifts and wiper systems

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Automotive Motors market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Automotive Motors in Powertrain and Chassis, Comfort and Entertainment Systems and Electric Vehicles

Powertrain and Chassis

Automotive engines play a role in powertrain and chassis functions by handling tasks such as power steering and running vital systems like anti lock braking mechanisms. These engines provide control for safety and enhance the performance of vehicles. The top players in the industry such, as Bosch and Denso are dedicated to enhancing their engine technologies to boost fuel efficiency and reduce emissions effectively.

Comfort and Entertainment Systems

Modern vehicles are increasingly becoming sophisticated in terms of comfort and entertainment. Automotive motors play a key role in controlling climate control systems, power windows, seat adjustments, sunroof mechanisms, to in-car entertainment systems. The unique value is derived from their compactness, reliability, and quiet operation. Players like Magna International and Valeo are leading the way in designing automotive motors that are compact, efficient and noise-free.

Electric Vehicles

The shift towards transportation solutions due to environmental issues has led to a rise in the demand for electric vehicles as they offer significant growth prospects for the automotive industry. Meanwhile,Electric motors play a role as the primary propulsion technology in electric vehicles by delivering efficient power and energy usage. These motors operate directly without the need for gearboxes,resulting in smoother acceleration. Experienced players, like Tesla,General Motors,and Nissan are dedicated to improving their motors continually to achieve better efficiency and increased driving range.

Automotive Motors vs. Substitutes:
Performance and Positioning Analysis

Automotive engines options such as electric and hybrid motors in power and speed but fall behind in terms of energy efficiency. There is a growth potential for engines as the automobile industry embraces sustainable practices and progresses, in fuel efficient technologies.

Automotive Motors
  • Hydrogen Fuel Cell Motors /
  • Hybrid Vehicle Motors
    High efficiency, Long-term durability
    High energy consumption, Expensive maintenance costs
    High fuel efficiency, Cost-effectiveness
    Limited power output, High maintenance costs

Automotive Motors vs. Substitutes:
Performance and Positioning Analysis

Automotive Motors

  • High efficiency, Long-term durability
  • High energy consumption, Expensive maintenance costs

Hydrogen Fuel Cell Motors / Hybrid Vehicle Motors

  • High fuel efficiency, Cost-effectiveness
  • Limited power output, High maintenance costs

Automotive engines options such as electric and hybrid motors in power and speed but fall behind in terms of energy efficiency. There is a growth potential for engines as the automobile industry embraces sustainable practices and progresses, in fuel efficient technologies.

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Research Methodology

This market research methodology defines the Automotive Motors market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Automotive ecosystem, we analyze Automotive Motors across Performance, Comfort, and Safety Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Robert Bosch GmbH, Denso Corporation, and Continental AG by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Acquisition, Component Production, and Assembly & Testing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Automotive revenues to estimate the Automotive Motors segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Acquisition (ArcelorMittal, Rio Tinto), Component Production (Bosch Group, Denso Corporation), and Assembly & Testing. Our parallel substitute analysis examines Hydrogen Fuel Cell Motors and Hybrid Vehicle Motors, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Robert Bosch GmbH, Denso Corporation, and Continental AG, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Automotive Motors market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Automotive Motors Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 27.4 billion
Revenue Forecast in 2034USD 43.3 billion
Growth RateCAGR of 5.2% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202426.1 billion
Growth OpportunityUSD 17.2 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202426.1 billion USD
Market Size 202730.4 billion USD
Market Size 202933.6 billion USD
Market Size 203035.4 billion USD
Market Size 203443.3 billion USD
Market Size 203545.5 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Function, Vehicle Type, Application
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledRobert Bosch GmbH, Denso Corporation, Continental AG, Siemens AG, Magna International Inc., Mitsubishi Electric Corporation, Valeo SA, Nidec Corporation, BorgWarner Inc., Johnson Electric Holdings Limited, Mahle GmbH and Hitachi Automotive Systems Ltd.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Automotive Motors Market Size, Opportunities & Strategic Insights, by Product Type

4.1DC
4.2AC
4.3Hermetic
4.4Others
Chapter 5

Automotive Motors Market Size, Opportunities & Strategic Insights, by Function

5.1Combustion Engine
5.2Electric Propulsion
5.3Others
Chapter 6

Automotive Motors Market Size, Opportunities & Strategic Insights, by Vehicle Type

6.1Passenger Cars
6.2Commercial Vehicles
6.3Two Wheelers
Chapter 7

Automotive Motors Market Size, Opportunities & Strategic Insights, by Application

7.1Performance
7.2Comfort
7.3Safety
Chapter 8

Automotive Motors Market, by Region

8.1North America Automotive Motors Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Automotive Motors Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Automotive Motors Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Automotive Motors Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Automotive Motors Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Automotive Motors Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Robert Bosch GmbH
9.2.2Denso Corporation
9.2.3Continental AG
9.2.4Siemens AG
9.2.5Magna International Inc.
9.2.6Mitsubishi Electric Corporation
9.2.7Valeo SA
9.2.8Nidec Corporation
9.2.9BorgWarner Inc.
9.2.10Johnson Electric Holdings Limited
9.2.11Mahle GmbH
9.2.12Hitachi Automotive Systems Ltd.