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Overview
The Global Electric Motors Market Outlook is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Electric Motor will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
Initially the Manufactures followed a simple design and a traditional process to manufacture Automotive Electric Motor. Gradually with the increasing complexities in the design of the Automotive Vehicles, the process of manufacturing and designs of door seals have also become increasingly complicated. This acts as a major hurdle in the process of installation and the designing of the Automotive Electric Motor. With the increasing labor cost over time, and lack of skilled labor any sort of design and installation issue will result in a blowout of the seals. Such an issue in the Electric Motors Market Outlook can act as major hurdle in the growth and development of the Electric Motors Market Outlook.
These developing regions remain an untapped market for the Automotive Electric Motor and market players alike. With their developing economies and domestic income, there is a huge potential for the market, in these regions. The sheer volume of the untapped customer base in these regions is a factor that acts as a major restraint for the market growth. Thus, the lack of the presence of any major market players and initiatives in these regions is expected to act as a major hurdle for the global market.
Key Players
Robert Bosch GmbH (Germany), Chengdu Huachuan Electric Parts Co.,Ltd. (China), Chongqing Bright Industry Group Co., Ltd.(China), Hubei Shendian Auto Motor Co., Ltd. (China), Jinzhou Halla Electrical Equipment Co., Ltd. (China), Johnson Electric International AG (Hong Kong), Mitsubishi Electric Corporation (Japan), Shanghai Valeo
Segmentation
The Global Electric Motors Market Outlook is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Installation Position : Comprises Body motors, Chassis motors, Powertrain motors.
Segmentation by Function : Comprises Small sized automotive electric motors, automotive starters, Alternators and Others
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Regional Analysis
Asia-Pacific is expected to dominate the automotive electric motors market owing to the boom in the manufacturing industries including the automotive manufacturers in the region. The constant up gradation of automobile manufacturing sector and the increasing emphasis of adoption of energy efficient electric motors in various automotive in the region is expected to contribute to the growth of the automotive electric motors market in the region. Developed nations such as North America and Europe are becoming aware for the use of efficient electric motors in the automotive and have increased adoption of electric motors owing to increased energy efficiency and the low cost of electric motors.
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