NEW YORK , Sept. 8, 2022 -- The "Electric Motors for IC Engine Vehicles Market by Vehicle Type and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by 419.26 million units between 2021 and 2026. However, the growth momentum will decelerate at a CAGR of 4.51% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report

The global electric motors for IC engine vehicles market is fragmented. Owing to significant growth opportunities in this market, the competition will intensify with the entry of new vendors, technological innovations, expansions, acquisitions, and strategic partnerships. The vendors compete on several factors such as product differentiation, product portfolio, quality, and reliability.

Established vendors in the market are significantly investing in R&D for the development of electric motors for IC engine vehicles to explore new application areas. Thus, to stay competitive in the market, vendors must focus on developing modern technologies but must keep abreast of emerging technologies that can positively impact their product portfolios. These advances include devising new manufacturing processes. Hence, to succeed in the global electric motors for IC engine vehicles market, it is necessary to have an edge over competitors through pricing, product portfolio, and the quality of products.

Vendors included in this report are AMETEK Inc., Arc Systems Inc., BorgWarner Inc., Brook Crompton Group, Brose Fahrzeugteile SE and Co. KG, Continental AG, Delphi Technologies Plc, DENSO Corp., Emerson Electric Co., Energica Motor Co. Inc., Hitachi Ltd., Johnson Electric Holdings Ltd., Marelli Holdings Co. Ltd., Mazda Motor Corp., Mitsuba Corp., Mitsubishi Electric Corp., Nidec ASI SpA, Regal Rexnord Corp., Robert Bosch GmbH, and Valeo SA.

The growing adoption of power window system has been instrumental in driving the growth of the market. However, stringent fuel emission and fuel efficiency regulations affect demand for internal combustion engine (ICE) vehicles might hamper the market growth.

Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

The global electric motors for IC engine vehicles market is segmented as below:

The passenger car segment will have the largest share of the market. The growing sales of passenger cars, especially the entry-level segment is driving the growth of the segment.

APAC will emerge as the key market, occupying 58% of the global market share. The emergence of APAC as the global production center for all major OEMs and the presence of the largest consumer base for cars and two-wheelers are driving the growth of the regional market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The electric motors for IC engine vehicles market report covers the following areas:

Electric Motors for IC Engine Vehicles Market Scope

Decelerate at a CAGR of 4.51%

APAC, Europe, North America, South America, and Middle East and Africa

US, China, Japan, India, and Germany

Leading companies, competitive strategies, consumer engagement scope

AMETEK Inc., Arc Systems Inc., BorgWarner Inc., Brook Crompton Group, Brose Fahrzeugteile SE and Co. KG, Continental AG, Delphi Technologies Plc, DENSO Corp., Emerson Electric Co., Energica Motor Co. Inc., Hitachi Ltd., Johnson Electric Holdings Ltd., Marelli Holdings Co. Ltd., Mazda Motor Corp., Mitsuba Corp., Mitsubishi Electric Corp., Nidec ASI SpA, Regal Rexnord Corp., Robert Bosch GmbH, and Valeo SA

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

5 Market Segmentation by Vehicle Type

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