The Asia-Pacific automotive motors market is projected to grow at a significant CAGR of 9.7% during the forecast period. The key factors that drive the Asia-Pacific automotive motors market include the substantial growth in the electric vehicle market and rising production capacities in the automotive industry in the region, especially in China, Japan, and India. The automotive manufacturers significantly focusing on fueling their production capacity to leverage the emerging demand for vehicles all across the globe. This will likely support the demand for automotive motors owing to its potential benefits including comfort, convenience, and safety. Besides, the launch of several electric vehicles by the key players such as Toyota, Hyundai, Honda, Kia, BYD, SAIC, BAIC, Mahindra, Tata among others are also driving the market growth in the region.
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The Asia-Pacific automotive motors market is segmented by type, vehicle type, and distribution channel. By type, the market is segmented into brushless dc & stepper motor, brushed dc motor, ac induction motor, and others. Based on the vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and electric vehicles. Commercial vehicles segment is further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others. Whereas, the electric vehicles segment is further sub-segmented into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). Based on the distribution channel, the market is segmented as OEM and aftermarket.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific Automotive Motor Market – Segmentation
By Type
- Brushless DC Motor & Stepper Motor
- Brushed DC Motor
- Others
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o Others (Buses & Coaches)
- Electric Vehicles
o Battery Electric Vehicles (BEVs)
o Plug-in Electric Vehicles (PEVs)
o Hybrid Electric Vehicles (HEVs)
By Distribution Channel
- OEM
- Aftermarket
Asia-Pacific Automotive Motor Market – Segmentation by Country
- China
- India
- Japan
- ASEAN
- South Korea
- Rest of Asia-Pacific
The Report covers:
- Comprehensive research methodology of the Asia-Pacific automotive motors market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific automotive motors market.
- Insights about market determinants which are stimulating the Asia-Pacific automotive motors market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of the market players.
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