Global Electric Motors For Ic Engine Vehicle Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

The Global Electric Motors for Internal Combustion Engine (ICE) Vehicle Market is witnessing notable growth across both passenger cars and commercial vehicles segments. In passenger cars, the demand for electric motors is being propelled by the increasing integration of advanced in-car technologies, such as electrically operated features like sunroofs, mirrors, seats, tailgates, and windows. Consumers are increasingly willing to invest in these amenities, driving the need for electric motors to power these features, thereby contributing to market growth.

Similarly, in the commercial vehicles segment, there is a growing emphasis on enhancing vehicle performance and efficiency through the adoption of electric motors. Fleet operators and businesses are recognizing the benefits of electrically operated systems, which not only enhance convenience but also contribute to overall operational efficiency. Moreover, the trend towards electrification and the introduction of stringent emission regulations in many regions are further accelerating the demand for electric motors in both passenger cars and commercial vehicles, signaling promising growth prospects for the Global Electric Motors for ICE Vehicle Market across these segments.

Global Electric Motors For Ic Engine Vehicle Segment Analysis

In this report, the Global Electric Motors For Ic Engine Vehicle Market has been segmented by Type, System and Geography.

The segmentation by Type offers insights into the diverse range of electric motors utilized in ICE vehicles, including options such as DC motors, AC motors, and others. This classification enables stakeholders to understand the technological landscape and performance characteristics of electric motors, guiding strategic decision-making and product development initiatives.

Furthermore, segmentation by System delineates the various applications and functionalities of electric motors within ICE vehicles. This categorization encompasses systems such as power windows, sunroofs, electrically operated mirrors, and other in-car features that rely on electric motors for operation. By segmenting the market based on system integration, stakeholders gain insights into the specific use cases and requirements driving the demand for electric motors in ICE vehicles, facilitating targeted marketing strategies and product offerings tailored to consumer preferences.

Geographical segmentation provides insights into regional market dynamics, regulatory frameworks, and infrastructure development, enabling stakeholders to identify growth opportunities and challenges in different parts of the world. By analyzing regional trends and market dynamics, stakeholders can formulate informed strategies to capitalize on growth prospects and mitigate risks in the Global Electric Motors for ICE Vehicle Market.

Global Electric Motors For Ic Engine Vehicle Market, Segmentation by Type

The Global Electric Motors For Ic Engine Vehicle Market has been segmented by Type into Passenger Cars and Commercial Vehicles.

In the passenger cars segment, the demand for electric motors is fueled by the increasing integration of advanced in-car technologies and amenities. Features such as electrically operated windows, mirrors, seats, sunroofs, and other convenience features are driving the need for electric motors in passenger vehicles. Moreover, the growing emphasis on vehicle electrification and the introduction of stringent emission regulations are further accelerating the adoption of electric motors in passenger cars.

In contrast, within the commercial vehicles segment, the demand for electric motors is driven by a focus on enhancing vehicle performance, efficiency, and operational capabilities. Fleet operators and businesses are recognizing the benefits of electrically operated systems, which contribute to overall operational efficiency and reduced maintenance costs. Moreover, the trend towards electrification in the commercial vehicle sector is gaining momentum, driven by the need for cleaner and more sustainable transportation solutions. Overall, the segmentation of the Global Electric Motors for ICE Vehicle Market into passenger cars and commercial vehicles provides valuable insights into the specific dynamics and growth opportunities within each vehicle category.

Global Electric Motors For Ic Engine Vehicle Market, Segmentation by System

The Global Electric Motors For Ic Engine Vehicle Market has been segmented by System into ABS Motor, Door Lock Motor, Electric Power Steering Brushed Motor, Electric Power Steering Brushless Motor, Handbrake Motor, Oil Pump Motor and Power Lift Gate Motor.

ABS motors are essential components of the anti-lock braking system, contributing to enhanced vehicle safety and stability by modulating brake pressure during sudden braking events. Door lock motors enable convenient and secure locking and unlocking of vehicle doors, enhancing user experience and security. Electric power steering motors, both brushed and brushless variants, play a critical role in providing responsive and efficient steering assistance, improving driving dynamics and maneuverability. Handbrake motors, oil pump motors, and power lift gate motors further contribute to vehicle functionality, convenience, and performance.

By segmenting the market based on system integration, stakeholders gain valuable insights into the specific applications and functionalities driving the demand for electric motors in ICE vehicles. This segmentation facilitates targeted marketing strategies, product development initiatives, and aftermarket services tailored to meet the diverse needs and preferences of vehicle manufacturers and consumers in the Global Electric Motors for ICE Vehicle Market.

Global Electric Motors For Ic Engine Vehicle Market, Segmentation by Geography

In this report, the Global Electric Motors For Ic Engine Vehicle Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Electric Motors For Ic Engine Vehicle Market Share (%), by Geographical Region, 2023

Segmenting the market by geography enables stakeholders to understand the localized factors influencing the adoption and demand for electric motors in ICE vehicles. For instance, North America and Europe are mature markets with established automotive industries and stringent emission regulations, driving significant investments in electric vehicle technology and sustainable transportation solutions. In contrast, the Asia Pacific region is experiencing rapid industrialization, urbanization, and infrastructure development, leading to growing demand for electric motors to support vehicle electrification initiatives and address environmental concerns.

Similarly, the Middle East and Africa, as well as Latin America, present emerging markets with unique opportunities and challenges in the adoption of electric motors for ICE vehicles. By analyzing regional trends, market dynamics, and competitive landscapes, stakeholders can formulate informed strategies to capitalize on growth opportunities and address market challenges in the Global Electric Motors for ICE Vehicle Market across different regions.

This report provides an in depth analysis of various factors that impact the dynamics of Global Electric Motors For Ic Engine Vehicle Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers :

• Rise of In-Car Features
• Fuel Efficiency Improvements

• Advancements in Electric Motor Technology - The Global Electric Motors for Internal Combustion Engine (ICE) Vehicle Market is experiencing notable growth propelled by advancements in electric motor technology. Manufacturers are increasingly investing in research and development to enhance the efficiency, performance, and reliability of electric motors used in ICE vehicles. One significant advancement is the development of more compact and lightweight electric motors with higher power density, enabling greater integration flexibility and improved vehicle dynamics.

Restraints :

• Cost
• Limited Impact on Emissions

• Focus on Electric Vehicles - The Global Electric Motors for Internal Combustion Engine (ICE) Vehicle Market is increasingly focusing on electric vehicles (EVs) as a key area of growth and innovation. With the automotive industry undergoing a significant transformation towards electrification, electric motors play a crucial role in powering various components and systems in EVs. Manufacturers are intensifying their efforts to develop advanced electric motor technologies that can meet the specific requirements of electric propulsion systems, including high efficiency, compact size, and lightweight design.

Opportunity :

• Mild Hybrid Electric Vehicles (MHEVs)

• Start-Stop TechnologyFocus on Efficiency - The Global Electric Motors for Internal Combustion Engine (ICE) Vehicle Market is witnessing a significant focus on efficiency, driven by the widespread adoption of start-stop technology. Start-stop systems are designed to automatically shut off the engine when the vehicle comes to a stop, such as at traffic lights or in heavy traffic, and restart it when the driver releases the brake pedal or engages the clutch. This technology helps reduce fuel consumption and emissions by preventing unnecessary idling, thereby improving overall fuel efficiency and environmental sustainability.

Key players in Global Electric Motors For Ic Engine Vehicle Market include

• Hitachi Automotive Systems LtdD
• Johnson Electric Holdings Limited
• Denso Corp
• Delphi Technologies
• Aisin Seiki Co Ltd
• Valeo SA
• Magneti Marelli SpA

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis