Automotive Motors Market to Benefit from Surge in Autonomous Vehicle Development and Advanced Driver Assistance Systems

The automotive motors market is experiencing a significant transformation, driven by the rapid electrification of vehicles, increasing demand for comfort features, and stringent emission regulations worldwide. Automotive motors are integral components that support a wide range of functionalities in vehicles, including powertrain efficiency, steering, window lift, cooling systems, and safety features. As the global automotive industry transitions toward electric and hybrid vehicles, the demand for innovative, efficient, and durable motors continues to expand. From passenger cars to commercial fleets, manufacturers are prioritizing advanced motor technologies that balance performance, energy efficiency, and affordability.

Market Size, Share & Demand Analysis

The automotive motors market is projected to witness strong growth between 2024 and 2034, with traction motors and electric power steering motors leading the product demand. Increasing adoption of electric vehicles (EVs) and hybrid vehicles has accelerated the need for brushless and permanent magnet-based motors. In 2024, the market is valued in billions, with steady year-on-year expansion expected as governments push for sustainable mobility solutions. Demand is also supported by consumer preferences for enhanced driving comfort and advanced infotainment features, which require multiple micro-motors integrated within vehicle systems. The market share distribution highlights that OEMs account for the largest proportion, although the aftermarket segment is steadily gaining traction due to the growing replacement cycle of components.

Click to Request a Sample of this Report for Additional Market Insights:
https://www.globalinsightservices.com/request-sample/?id=GIS24998