Asia-Pacific Automotive Motors Market Size, Share & Forecast To 2020-2026


Posted October 9, 2020 by rishabh3210

Asia-Pacific Automotive Motors Market Size, Share & Forecast To 2020-2026Asia-Pacific Automotive Motors Market Size, Share & Forecast To 2020-2026
 
The Asia-Pacific Automotive Motor market is projected to grow at a significant CAGR of 9.7% during the forecast period. The growth is mainly attributed to the future prospect of growth in the automotive industry in the region, which is primarily involved in the development of innovative technologies in the region. The traditional vehicle is frequently being replaced by electric vehicles, which is significantly driving the growth of the market. Toyota Prius, Chevy Malibu, and Honda Insight are some instances of parallel hybrid vehicles, which are commercially available in the market across the region. To be employed in electric and hybrid vehicles, a variety of electric motors are developed in recent years, which further aids the growth of the market.

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Further, automation and upgradation of technology are propelling the demand for the Asia-Pacific automobile motors market. Besides, the market is also driven by the rapid increase in the production of vehicles, increasing efforts being undertaken by OEMs, and several government initiatives in order to introduce electric vehicles on the road. The presence of a large customer base coupled with the cohesive government incentives and subsidies to promote the adoption of electric vehicles in the region will also drive the market growth. For instance, initiatives such as [email protected] are driving the rapid adoption of electric vehicles in the region which in turn will drive the growth of the automotive motors industry over the forecast period.

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Market Coverage

Market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Type, By Vehicle Type, By Distribution Channel
Regions Covered- Asia-Pacific
Competitive Landscape- Continental AG, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Siemens AG

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

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Contact Email [email protected]
Issued By Rishabh
Phone +91 780-304-0404
Country India
Categories Business
Tags Asia-Pacific Automotive Motors Market Size, Share & Forecast To 2020-2026
Last Updated October 9, 2020