Capitalize on opportunities in the world market for electric motors in automotive applications.
The global market for electric motors in automotive applications (excluding traction motors) is projected to reach over $34.6 billion in 2021, with Asia Pacific leading the way. Urbanization and industrialization in emerging countries, such as India and those in Southeast Asia, are driving the demand for vehicles. Growth of SUVs demand has particularly fueled the electric motor market, as SUVs have a higher number of average motors per vehicle than normal passenger cars.
The Electric Motors in Automotive Applications report from IHS Markit provides a detailed market analysis, segmented by region and power rating for each motor type. The report provides a current snapshot of the market, as well as visibility into the factors that are projected to drive or hinder future growth.
The report holds critical market intelligence for electric motor vendors, automotive application distributors and system integrators, automotive OEMs and distributors, electric motor component suppliers, automotive application manufacturers and suppliers, e.g., power doors/seats, electric motor designers and manufacturers, sales executives and investors.
Key issues addressed:
- How large is the market for electric motors in automotive applications?
- What is the growth forecast for the world and regional markets?
- For which applications are electric motor shipments expected to perform above/below the market average?
- Who are the leading suppliers? What are their market shares?