Electric Motors for IC Engine Vehicle Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Electric Motors for the IC Engine Vehicle Market is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicle), Motor Type (AC Motor and DC Motor), Supply Type (Below 24V and 48V and Above), Application Type (ABS Motor, Door Lock Motor, Electric Power Steering Brushed Motor, Electric Power Steering Brushless Motor, Handbrake Motor, Oil Pump Motor, Power Lift Gate Motor, Power Window Motor, Radiator Fan Motor, Seat Motor (Seat and Headrest), Sunroof Motor, and Traction Motor), and Geography.

Market Snapshot

electric motors for ic engine vehicle market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The global electric motors for IC engine vehicle market is anticipated to register a CAGR of over 4% during the forecast period (2020 – 2025).  

  • The demand for electric motors for IC engine vehicles is continually growing, as consumers around the world are willing to pay extra for in-car technologies, such as sunroof, electrically operated ORVMs (outer rear view mirror), electrically powered seats, powered tailgate, and power windows. Many electric motors, ranging from 100W to 5KW, are used for these features.
  • There has been a major thrust in the safety systems used in vehicles, with safety systems being mandated by various governments around the world and ratified by automotive manufacturers, in recent times. As a result, advanced safety systems, such as ABS (anti-lock braking system) and traction control, are no longer limited to premium vehicles.
  • The growing market for electric and hybrid vehicles is a major restraint for the internal combustion engine vehicle market. Moreover, the less or limited requirement of mechanical moving parts and motors in EVs has proved to be a key restraining factor for the electric motors for the IC engine vehicle market.

Scope of the Report

The global electric motors for IC engine vehicle market is segmented by vehicle type, motor type, supply type, application type, and geography.

Vehicle Type
Passenger Cars
Commercial Vehicles
Motor Type
AC Motor
DC Motor
Supply Type
Below 24 V
48 V and Above
Application Type
ABS Motor
Door Lock Motor
Electric Power Steering Brushed Motor
Electric Power Steering Brushless Motor
Handbrake Motor
Oil Pump Motor
Power Lift Gate Motor
Power Window Motor
Radiator Fan Motor
Seat Motor (Seat and Headrest)
Sunroof Motor
Traction Motor
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Russia
Itlay
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Passenger Car - Driving the Electric Motor Demand for IC Engine Vehicle

The passenger car dominates the electric motor for IC engine vehicle market over the commercial vehicle, as the buying power of people is growing, and they are willing to invest in safety features of the vehicle, which are proportionally driving the electric motor market.

The governments around the world are implementing new regulations to enhance the vehicle performance, passenger safety, and vehicle emissions. For instance, the Canadian Automobile Association (CAA) stated that most auto stop/start systems incorporated in Canadian cars require the use of an additional battery pack and a more robust starter motor. The frequent restarts that are typically encountered in city traffic quickly drain a conventional 12-volt battery, which is designed to reduce the rate of frequent starts. Some form of regenerative braking is typically employed in converting braking energy to electricity, which can be stored in the batteries for further usage. Depending on how a vehicle is operated on city or highway, an auto-stop/ start system holds the potential to significantly reduce fuel consumption, despite adding weight from a more powerful starter and additional batteries, thereby boosting the demand for electric motors. In the light of all these events, the market for the electric motors used in IC engine vehicles is expected to witness a positive growth with the increase in the number of vehicles on the road, globally.

Electric Motors for IC Engine Vehicle_segment

Asia-Pacific Dominating the Electric Motor for the IC Engine Vehicle Market

Asia-Pacific is registering strong growth in vehicle sales, which makes the region the largest market of electric motor for IC engine vehicles, followed by Europe and North America.

The demand for electric motor in the European region is growing due to the vehicle efficiency and fuel economy regulations implemented by the European Union. For instance, the European Union (EU) adopted minimum efficiency regulations for electric motors in European Commission Regulation No. 640/2009 of July 22 2009, which implemented Directive 2005/32/EC, with regard to eco‐design requirements for electric motors. The use of electric vehicles is expected to exceed the use of conventional gasoline or diesel engines in the region, which is anticipated to hinder the growth of the market.

Electric Motors for IC Engine Vehicle_geography

Competitive Landscape

The global electric motor for IC engine vehicle is a consolidated market, with few major players, such as Nidec Corporation, Denso Corporation, Mitsubishi Electric Corporation, and Robert Bosch. The major players are primarily focusing on making acquisitions, joint ventures and partnerships, and launching new product lines. For instance:

  • Denso Corporation collaborated with Toyota Motor Corporation, in 2016, and developed a new motor stator for high-speed traction motors with innovative coil winding technique, which is about 20% lighter than the motor used in the previous PRIUS models. Denso has major customers in Japan and North America, when compared to Europe and Asia.
  • In 2017, Nidec Corporation invested in renewig production line equipment in Asian and German factories, which manufacture motors and modules for automotive products. The company’s main strategy is to integrate its motors with the related technologies of the acquired companies, to offer complete system products to the customers at an optimum combination, downsizing, and cost reduction features across the globe.
  • Others include players, like Continental AG, Magneti Marelli SpA, Mitsuba Corporation, Valeo Group, and many local manufacturers holding a significant share in the global electric motors for IC engine vehicles market. The local manufacturers majorly cater to aftermarket demand instead of the OEM demand.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Vehicle Type

      1. 5.1.1 Passenger Cars

      2. 5.1.2 Commercial Vehicles

    2. 5.2 Motor Type

      1. 5.2.1 AC Motor

      2. 5.2.2 DC Motor

    3. 5.3 Supply Type

      1. 5.3.1 Below 24 V

      2. 5.3.2 48 V and Above

    4. 5.4 Application Type

      1. 5.4.1 ABS Motor

      2. 5.4.2 Door Lock Motor

      3. 5.4.3 Electric Power Steering Brushed Motor

      4. 5.4.4 Electric Power Steering Brushless Motor

      5. 5.4.5 Handbrake Motor

      6. 5.4.6 Oil Pump Motor

      7. 5.4.7 Power Lift Gate Motor

      8. 5.4.8 Power Window Motor

      9. 5.4.9 Radiator Fan Motor

      10. 5.4.10 Seat Motor (Seat and Headrest)

      11. 5.4.11 Sunroof Motor

      12. 5.4.12 Traction Motor

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 Russia

        4. 5.5.2.4 Itlay

        5. 5.5.2.5 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle East & Africa

        1. 5.5.5.1 United Arab Emirates

        2. 5.5.5.2 Saudi Arabia

        3. 5.5.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Hitachi Automotive Systems LtdD

      2. 6.2.2 Denso Corp.

      3. 6.2.3 Delphi Technologies

      4. 6.2.4 Aisin Seiki Co Ltd

      5. 6.2.5 Valeo SA

      6. 6.2.6 Magneti Marelli SpA

      7. 6.2.7 Johnson Electric Holdings Limited

      8. 6.2.8 Mitsubishi Electric Corporation

      9. 6.2.9 Continental AG

      10. 6.2.10 MITSUBA Corporation

      11. 6.2.11 Nidec Corporation

      12. 6.2.12 Robert Bosch GmbH

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Electric Motors For IC Engine Vehicle Market market is studied from 2018 - 2026.

The Electric Motors For IC Engine Vehicle Market is growing at a CAGR of >4% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

NIDEC CORPORATION, Denso Corporation, Robert Bosch GmbH, Johnson Electric Holdings Limited, Mitsubishi Electric are the major companies operating in Electric Motors For IC Engine Vehicle Market.

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