Key vendors to leverage technological innovations to gain market shares.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global automotive motors market in their latest research report. This report also lists three other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global automotive motors market comprise of numerous vendors and is characterized by rapid technological innovations. Market research analysts at Technavio predict the investments in developing innovative designs in terms of size and weight to continue during the forecast period. The introduction of automotive OEMs as powertrain manufacturers, particularly for the EVs market, is expected to intensify the competition among the existing motor vendors.
According to Neelam Barua, a lead analyst at Technavio for research on automotive electronics, “The key players in the EVs motor market are the automakers themselves. Powertrain manufacturers have developed their business into integrated EV solutions to reduce their dependency on multiple vendors. Hitachi Automotive, Tesla, and Toyota Motor are the premium vendors.”
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Top five vendors in the automotive motors market space
Johnson Electric
Johnson Electric offers motors and integrated motor systems to global customers for automotive, power tools, home appliances, multimedia, business equipment, and personal care products. It has a strong presence in the automotive motors market. The company caters to more than 500 customers including OEMs, tier-1, and tier-2 suppliers.
Key products: Brushed motors, Brushless motors, Stepper motors, and Actuators (automotive).
Nidec
Nidec primarily engages in the manufacture of electric motors. It offers products for many applications such as HDDs, electric appliances, automobiles, and commercial and manufacturing equipment. As of FY2015, the company had a recorded revenue of around USD 10 billion.
Key products: BDCMs, BLDCMs, and SR motors.
Continental
Continental offers products and services for automotive and rubber industries. It engages in the manufacturing of soft rubber products, tires, automotive safety, interior electronics, and many components for the automotive segment. As of FY2015, Continental has a recorded revenue of around USD 42 billion.
Key products: BLDCMs, Synchronous motors, Digital linear actuators, and Continental drive motors.
Bosch
Bosch supplies automotive components and engages in the manufacturing of automotive components, industrial products, and building products. As of December 2015, the company generated a revenue of around USD 80 billion and spent more than USD 7 billion on R&D.
Key products: DC motors with transmission and DC motors without transmission.
Denso
Denso supplies advanced automotive technologies, systems, and components to the major players in the automotive industry. As of December 2015, the company generated a revenue of almost USD 44 billion.
Key products: Brushless motors and Starters and alternators.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Automotive Motors Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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