Categories: Market Research

Global Automotive Micro Motor Market Size and Forecast 2023-2032|Asea Brown Boveri Ltd., Buhler Motor Gmbh, Constar Micro Motor Co. Ltd., Johnson Electric, Nidec Corporation

According to The Business Research Company’s Automotive Micro Motor , The automotive micro motor market size has grown steadily in recent years. It will grow from <b>$2.85 billion in 2023 to $2.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. </b> The  growth in the historic period can be attributed to fuel efficiency regulations, consumer demand for enhanced vehicle features, global economic conditions, regulatory standards for vehicle safety.

More On The Automotive Micro Motor  Market:

https://www.thebusinessresearchcompany.com/report/automotive-micro-motor-global-market-report

The automotive micro motor market size is expected to see steady growth in the next few years. It will grow to <b>$3.5 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. </b> The growth in the forecast period can be attributed to growing adoption of autonomous vehicles, increasing focus on sustainability and eco-friendly transportation, shift towards shared mobility services, integration of micro motors in emerging automotive markets. Major trends in the forecast period include electrification of vehicles, connectivity and iot in automotive systems, lightweight materials for improved efficiency, 3d printing in automotive manufacturing, integration of renewable energy sources in vehicle power systems.The increasing demand for luxury cars is expected to propel the growth of the automotive micro motor market. Automotive micro motors serve a critical role in the system that allows components such as electric sunroofs, environmental purification, power antennae and other advanced features to operate. The growing demand for luxury cars is expected to increase demand for micro motors. For instance, German luxury car company, Audi, reported a two-fold increase in retail sales in India in 2021, from 1,639 units in 2020 to 3,293 units in 2021. Another German luxury vehicles company, Mercedes-Benz India sold 4,101 units in the 2021 July-September quarter, up from 2,060 units in the same quarter of 2020. Therefore, the rising demand for luxury automobiles is expected to drive the automotive micro motors market.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=5720&type=smp

The automotive micro motor market covered in this report is segmented –

1) By Type: AC Micro Motor, DC Micro Motor

2) By Power Consumption: 48V, 25V-48V, 12V-24V, Less than 11V

3) By Technology: Brushed, Brushles

4) By Application: Passenger Vehicle, Commercial VehicleStrategic collaborations between companies are a key trend gaining popularity in the automotive micro motor Market. Companies manufacturing micro motors are undergoing partnerships and collaboration to develop new technologies and products. For instance, in June 2021, Local Motors, a manufacturer of autonomous vehicles announced a strategic partnership with protean electric to accelerate development of automotive micro motors and electric autonomous vehicles.The automotive micro motor market report table of contents includes:

1. Executive Summary

2. Automotive Micro Motor Market Characteristics

3. Automotive Micro Motor Market Trends And Strategies

4. Automotive Micro Motor Market – Macro Economic Scenario

5. Global Automotive Micro Motor Market Size and Growth

.

.

.

26. South America Automotive Micro Motor Market

27. Brazil Automotive Micro Motor Market

28. Middle East Automotive Micro Motor Market

29. Africa Automotive Micro Motor Market

30. Automotive Micro Motor Market Competitive Landscape And Company Profiles

Top Major Players:

  • Asea Brown Boveri Ltd
  • Buhler Motor Gmbh
  • Constar Micro Motor Co. Ltd
  • Johnson Electric
  • Nidec Corporation

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global

Good PR News

Recent Posts

HPC Data Management Market Expansion 2024-2033: Growth Drivers and Dynamics

HPC Data Management Market, 2024 report by The Business Research Company offers comprehensive insights into…

34 seconds ago

Plastic to Fuel Market: Overview, Segmentation, and Growth Prospects 2030

Plastic to Fuel Market: Overview, Segmentation, and Growth Prospects Market Overview: The global Plastic to Fuel…

1 min ago

Light Detection and Ranging Market Expected Revenue , Growth And Industry Future 2030

Light Detection and Ranging (LiDAR) Market Overview The Light Detection and Ranging (LiDAR) technology is…

7 mins ago

Large Display Format Market Industry share, Growth And Analysis 2030

Large Display Format Market Set for Significant Growth, Projected to Reach USD 25.68 Billion by…

8 mins ago

Airline Technology Integration Market Key Insights, Drivers And Share Analysis – 2024

The airline technology integration global market report 2024 from The Business Research Company provides comprehensive…

13 mins ago

Creative Software Market Outlook, Overview And Forecast 2024-2033

The creative software global market report 2024from The Business Research Company provides comprehensive market statistics,…

28 mins ago