Global Automotive Motors Market size was valued at USD 22.9 billion in 2023. It is likely to grow up to USD 28.2 billion by 2030 at a CAGR of 5.8% during the forecast period ranging between 2025 and 2030.

Published Date: Nov, 2024

The Global Automotive Motors Market size was valued at USD 22.9 billion in 2023. It is likely to grow up to USD 28.2 billion by 2030 at a CAGR of 5.8% during the forecast period ranging between 2025 and 2030.

Automotive motors are the small machines that convert electricity into motion that help a vehicle like a car, a bus, or a truck work better. These automotive motors are generally used to start an engine or perform other similar functions. Modern automotive motors are more efficient and powerful irrespective of their size, mainly due to the use of advanced modern technology and high-performing elements such as coils and magnets that help create movement. Use of automotive motors offers significant benefits such as lower air pollution and environmental impact, fuel consumption and greater efficacy in performance. The higher adoption of motors with more sophisticated features to ensure safety and security and the integration of such features into the vehicles pushes the market forward. This is primarily due to the rising demand for safer motors that offer maximum functionality. However, The initial cost of purchase of the advanced motors is usually very high which limit the growth the Global Automotive Motors Market.  

Browse market data Tables and Figures spread through 198 Pages and in-depth TOC on Global Automotive Motors Market By Motor Type (Brushed DC Motor, Brushless DC Motor, Traction Motor, and Stepper Motor), By Sales Channel (original equipment manufacturers (OEMs) and Aftermarket), By Application (Safety, Comfort, and Performance), By Vehicle Type (BEV and PHEV, and Non-electric Vehicles), and By Geography (North America, Europe, Asia Pacific and Middle East & Africa) - Forecast from 2025 to 2030.

Global Automotive Motors Market Segmentation and Key Players

Segment / Key Players

Categorization

Motor Type

Brushed DC Motor, Brushless DC Motor, Traction Motor, and Stepper Motor

Sales Channel

Original Equipment Manufacturers (OEMs) and Aftermarket

Application

Safety, Comfort, and Performance

Vehicle Type

BEV and PHEV, and Non-electric Vehicles

By motor type, brushless DC motor dominate the global automotive motors market.  

The brushless DC motor segment that dominates the market. It is attributed to its beneficial properties such as longevity, higher efficiency, and lower maintenance requirements. 

"North America dominates the global automotive motors market." 

North America leads the global automotive motors market due to the rising demand for autonomous vehicles and EVs, which are advanced and robust infrastructures.

Some of the key players in this market are Bosch, Denso, BorgWarner, ZF Group, Continental AG, General Motors, Ford, Honda, Hyundai Motor Company, Volkswagen AG 

Recent Developments by The Key Players

BorgWarner has signed an agreement to deliver its turbochargers for use on the General Motors Corvette ZR1 sports car platform to be the largest passenger car twin turbochargers in the market. 

The Global Automotive Motors Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Global Automotive Motors Market coverage (By Value)

  • Motor Type Insight and Forecast 2025 - 2030
    • Brushed DC Motor
    • Brushless DC Motor
    • Traction Motor
    • Stepper Motor
  • Application Insight and Forecast 2025 - 2030
    • Original Equipment Manufacturers (OEMs)
    • Aftermarket
  • Vehicle Type Insight and Forecast 2025 - 2030
    • BEV and PHEV
    • Non-electric Vehicles

Geographical Segmentation

Global Automotive Motors Market by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Vietnam
    • Thailand
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries