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Automotive Motors Market Evolving Industry Trends and key Insights by 2026

Motors are an integral part of vehicle components such as seat cooling fans, engine cooling fans, power steering motors, battery cooling fans, and power windows motors. Growing consumer inclination towards such advanced features in vehicles, in turn creates a conducive environment for growth of the automotive motor market. Moreover, increasing sales volume of vehicles further augments market growth. According to Organisation Internationale des Constructeurs d'Automobiles in 2016, around 69.5 million units of Passenger cars were sold globally, up from 66.3 million in 2015.<br>

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Automotive Motors Market Evolving Industry Trends and key Insights by 2026

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  1. Automotive Motors Market Evolving Industry Trends and key Insights by 2026 Automotive Motors Market research provides industry analysis by type, manufacturer, application along with key factors influencing the growth of the market which include growth drivers, restraints, opportunities and challenges, strategically profile key players and comprehensively analyze their market share and core competencies. Motors are an integral part of vehicle components such as seat cooling fans, engine cooling fans, power steering motors, battery cooling fans, and power windows motors. Growing consumer inclination towards such advanced features in vehicles, in turn creates a conducive environment for growth of the automotive motor market. Moreover, increasing sales volume of vehicles further augments market growth. According to Organisation Internationale des Constructeurs d'Automobiles in 2016, around 69.5 million units of Passenger cars were sold globally, up from 66.3 million in 2015. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1093 DC brushed motors segment held the dominant position in global automotive motors market in 2016 Among product types, DC brushed motors segment held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Adoption of these DC brushed motors is increasing owing to its low cost and advantage of simple drive control model. Systems such as windshield wipers, power windows, washer, and cooling fans are dependent on DC brushed motors.

  2. Passenger cars segment held the dominant position in the global automotive motors market in 2016 Among vehicle types, Passenger cars segment held the dominant position in 2016 and is projected to retain its dominance throughout the forecast period. According to Coherent Market Insights in 2017, the global Passenger car sales volume is estimated to reach 71 million units. Hence, these increasing sales units is expected to lead to growing demand for automotive motors, globally. Browse More About the Market Study @ https://www.coherentmarketinsights.com/market-insight/automotive-motors-market-1093 Asia Pacific held a dominant position in the global Automotive Motor market in 2016 According to Coherent Market Insights, Asia Pacific is projected to retain its dominance throughout the forecast period in the global automotive motors market. This is attributed to growth of the Asia Pacific emerging as a major automotive hub, with India, China, and Japan positioned as the growth engines for the automotive sector in the region. According to Organisation Internationale des Constructeurs d'Automobiles in 2016, 39.4 million units of Passenger cars were sold in this region, up from 36.1 million units in 2015. It also stated that in 2016, China held 61.8% share of the total Asia Pacific Passenger cars sales and 35.1% of the global Passenger cars sales. Hence, China was the largest market in the region in 2016. Rising consumer preference for start-stop systems, anti-lock bricking systems (ABS), and other such technologies have also accelerated growth of the automotive motors market in Asia Pacific. The recent past has witnessed various government regulations regarding vehicular safety being implemented across the world. For example:- According to Bharat New Vehicle Safety Assessment Program (India) 2017, critical safety features such as airbags, ABS, and seat belt reminders are mandatory for OEMs to install. Such regulatory adherence results in automakers increasing integrating advanced safety systems such as ABS and airbags, in turn fueling market growth. Key Companies- Global Automotive Motor Market. Some of the major companies in the global automotive motor market are Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc. Ask for Discount before Buying @: https://www.coherentmarketinsights.com/insight/request-discount/1093 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive

  3. analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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