Reports > Automotive And Mobility > Automotive Micro Motor Market Report
Automotive Micro Motor Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Automotive Micro Motor industry from 2023 to 2033, detailing market size, trends, segmentation, and regional insights. It aims to equip stakeholders with strategic insights for informed decision-making.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.20 Billion |
| CAGR (2023-2033) | 7.8% |
| 2033 Market Size | $11.27 Billion |
| Top Companies | Bosch, DENSO, MABUCHI, Maxon Motor, Nidec Corporation |
| Last Modified Date | 15 Nov 2024 |
Automotive Micro Motor Market Report (2023 - 2033)
Automotive Micro Motor Market Overview
What is the Market Size & CAGR of Automotive Micro Motor market in 2023?
Automotive Micro Motor Industry Analysis
Automotive Micro Motor Market Segmentation and Scope
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Automotive Micro Motor Market Analysis Report by Region
Europe Automotive Micro Motor Market Report:
Europe's market size in 2023 stands at $1.46 billion, projected to nearly double to $3.16 billion by 2033, due to stringent emissions regulations and heightened demand for electric vehicles.Asia Pacific Automotive Micro Motor Market Report:
The Asia Pacific region, with a market size of $1.03 billion in 2023, is anticipated to grow to $2.24 billion by 2033, propelled by major automotive manufacturers and increasing electric vehicle production in countries like China and Japan.North America Automotive Micro Motor Market Report:
The North America region shows strong growth potential, estimated to increase from $1.80 billion in 2023 to approximately $3.89 billion by 2033, driven largely by automotive innovation and a shift towards electric vehicles.South America Automotive Micro Motor Market Report:
In South America, the Automotive Micro Motor market is expected to reach $1.11 billion by 2033 from a base of $0.51 billion in 2023, supported by increasing vehicle production and rising investments in the automotive sector.Middle East & Africa Automotive Micro Motor Market Report:
The Middle East and Africa region, with a market size of $0.41 billion in 2023, is expected to grow steadily to $0.88 billion by 2033, largely driven by increasing automotive manufacturing capacities.Request a custom research report for industry.
Automotive Micro Motor Market Analysis By Type
Global Automotive Micro Motor Market, By Type Market Analysis (2023 - 2033)
In 2023, the market for brushed motors is valued at $2.67 billion, expected to reach $5.80 billion by 2033, constituting 51.43% of the market share. Brushless motors, meanwhile, will grow from $1.29 billion in 2023 to $2.80 billion in 2033, capturing a 24.82% market share. Stepper motors and servo motors are also gaining traction, with stepper motors projected to increase from $0.61 billion to $1.32 billion and servo motors from $0.63 billion to $1.36 billion over the same period.
Automotive Micro Motor Market Analysis By Application
Global Automotive Micro Motor Market, By Application Market Analysis (2023 - 2033)
Passenger vehicles dominate the market with a proportionate size of $3.36 billion in 2023, increasing to $7.27 billion by 2033, holding 64.53% market share. Commercial vehicles and electric vehicles are also significant, projected to grow from $1.24 billion to $2.69 billion and $0.61 billion to $1.31 billion, respectively.
Automotive Micro Motor Market Analysis By Sales Channel
Global Automotive Micro Motor Market, By Sales Channel Market Analysis (2023 - 2033)
OEM sales channels represent the majority market share at 86.68%, with a size of $4.51 billion in 2023, expected to reach $9.77 billion by 2033. The aftermarket, while smaller, is also showing growth from $0.69 billion to $1.50 billion.
Automotive Micro Motor Market Analysis By Motor Configuration
Global Automotive Micro Motor Market, By Motor Configuration Market Analysis (2023 - 2033)
Single-phase micro motors command a major share of the market at 86.68%, with a size of $4.51 billion in 2023 projected to grow to $9.77 billion by 2033. Three-phase motors, while a smaller segment, are also growing, from $0.69 billion to $1.50 billion.
Automotive Micro Motor Market Analysis By End User
Global Automotive Micro Motor Market, By End User Market Analysis (2023 - 2033)
The OEM sector accounts for a significant market size of $4.51 billion in 2023, projected to reach $9.77 billion by 2033, maintaining a share of 86.68%. The aftermarket segment, however, is expected to expand from $0.69 billion to $1.50 billion, making it an essential area of growth within the market.
Automotive Micro Motor Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Automotive Micro Motor Industry
Bosch:
A leading global supplier of technology and services, Bosch is well-known for its innovation in micro motor technology and has significant contributions to the automotive sector.DENSO:
DENSO is a prominent automotive components manufacturer specializing in micro motors, recognized for its commitment to quality and sustainability in automotive manufacturing.MABUCHI:
Known for producing a variety of DC motors, MABUCHI plays a crucial role in the micro motor sector with their application in automotive functionalities.Maxon Motor:
A global player in high-precision motors, Maxon Motor serves several automotive applications encompassing high-performance micro motors.Nidec Corporation:
Nidec is a key manufacturer of electric motors, including micro motors for automotive applications, known for its innovative technologies and extensive product range.We're grateful to work with incredible clients.
