Passenger Vehicle Motor Market

A motor is a component that converts battery energy into mechanical energy and drives the wheels of an electric vehicle to rotate. Car driving is characterized by frequent starting, acceleration, deceleration, and parking. High torque is required at low speeds or climbing, and low torque is required at high speeds. The speed range of the motor should be able to meet the requirements of the car from zero to the maximum driving speed, that is, the motor must have a high specific power and power density.

Passenger Vehicle Motor Market contains market size and forecasts of Passenger Vehicle Motor in global, including the following market information:

Global Passenger Vehicle Motor Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Passenger Vehicle Motor Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Passenger Vehicle Motor companies in 2021 (%)

The global Passenger Vehicle Motor market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Induction Motor Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Passenger Vehicle Motor include Bosch, Asmo, Mitsuba, Brose, Johnson Electric, Nidec, Mabuchi, Valeo Group and Mahle, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Passenger Vehicle Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Passenger Vehicle Motor Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Passenger Vehicle Motor Market Segment Percentages, by Type, 2021 (%)

• Induction Motor
• Brushless Electric Motor
• Switched Reluctance Motor
• Others

Global Passenger Vehicle Motor Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Passenger Vehicle Motor Market Segment Percentages, by Application, 2021 (%)

• OEM
• Aftermarket

Global Passenger Vehicle Motor Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Passenger Vehicle Motor Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Passenger Vehicle Motor revenues in global market, 2017-2022 (Estimated), ($ millions)
• Key companies Passenger Vehicle Motor revenues share in global market, 2021 (%)
• Key companies Passenger Vehicle Motor sales in global market, 2017-2022 (Estimated), (K Units)
• Key companies Passenger Vehicle Motor sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Bosch
• Asmo
• Mitsuba
• Brose
• Johnson Electric
• Nidec
• Mabuchi
• Valeo Group
• Mahle
• ST Motiv
• BHLER Motor
• Shihlin Electric
• Jheeco
• Prestolite Electric
• Inteva Products
• Fukuta
• BYD
• Broad Ocean
• ZF Friedrichshafen AG
• Jing-Jin Electric (JJE)
• Mitsubishi Motors Corporation
• Hitachi
• MAGNA
• UAES
• Remy InternationalInc