Automotive Motors Market Revenue to Attain USD 45.92 Bn by 2033


25 Apr 2025

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The automotive motors market revenue surpassed USD 32.04 billion in 2025 and is predicted to attain around USD 45.92 billion by 2033 with a CAGR of 4.57% during the forecast period. The market is driven by customers' need for advanced vehicle technology and electric vehicles, while emission regulations become stricter.

Automotive Motors Market Statistics

Market Overview

Power steering systems, wipers, and seat cooling fans operate utilizing motors to generate enhanced performance that produces better vehicle comfort. All automotive markets, composed of passenger cars, commercial vehicles, and two-wheelers, send their functions through motors as their core components. The expanding automotive manufacturing and technological developments have led to a rising demand for the automotive motors market, which relies on innovation, consumer choice, and regulatory needs.

The expansion of automotive manufacturing plants by automotive companies is due to growing vehicle demand resulting from economic prosperity, plus increasing disposable income levels, especially in emerging market nations. The escalating requirement for better safety and convenience features in current vehicles drives the need for advanced motor technology. Electric cars have accelerated their market adoption, which drives up demand because they require extensive motor usage for their operation. 

Report Highlights 

  • By vehicle type, the passenger cars segment contributed the highest automotive motors market share in 2024. Increasing world consumer disposable income leads to elevated demand for passenger cars.
  • By technology, the pulse-width modulation segment contributed the highest market share in 2024. The market expands because pulse-width modulation provides the optimal power delivery system, which delivers load power without wasting energy. The direct torque control segment is estimated to be the fastest-growing segment during the forecast period. The most widespread implementation of direct torque control exists in electric vehicles for directly regulating vehicle torque.
  • By function, the comfort and convenience segment contributed the highest market share in 2024. Modern cars include luxury equipment that used to be available exclusively as upgrades through standard offerings like power windows, electric seat adjustments, multiple air conditioner zones, and sunroof features. The performance segment is projected to be the fastest-growing segment during the forecast period. Market growth is driven by performance-related motors because these devices enhance automotive smoothness by managing steering configuration, as well as driving and braking systems, and other operational elements. 
  • By motor type, the brushless DC motor (BLDC) segment contributed the highest market share in 2024. BLDC motors offer considerably higher productivity compared to traditional brushed DC motors.
  • By application, the power antenna motor segment held the largest revenue share in 2023. The antennas function as radio components within vehicles.

Demand for Innovative Safety-Focused Features

The automotive motors market needs advanced technologies that comprise power steering alongside climate control and anti-lock braking systems, as well as infotainment platforms. The market increases because developed market consumers select vehicles featuring steering controls and heads-up displays, along with gesture control systems that focus on safety and comfort aspects.

Rising Electric Vehicle

Vehicle adoption of electric power systems increases as customers prioritize vehicles that deliver high fuel economy performance. Market expansion happens due to the quick electric vehicle adoption because it generates increased demand for innovative automotive motors that focus on developing eco-friendly and efficient technologies.

Stringent Emission Regulations

The application of Euro standards in regions of Europe is creating a constant market demand for new motors that will offer improved technical performance, enhanced efficiency, and lower emissions, which will contribute to improvements in technology through the automotive motor production process for regulatory compliance.

Driverless Cars as a New Innovation

Driverless transportation will take place when car drivers use electric motors assisted by AI software and sensors that will integrate LiDAR and RADAR systems. The market demand for unique motor systems with electric motors in driverless cars will continually increase due to the growing want expressed by car drivers to be transported by driverless cars, which will encourage the continual discovery of automotive motor systems.

Regional Insights    

North America is anticipated to emerge as the fastest-growing automotive motors market. The establishment of highly industrialized economies, including the U.S., Canada, has developed an extensive modernized road system that motivates people to utilize roads as their main transport mode. The growing demand for automobiles drives the market to need an increased volume of components, which include automotive motors. 

The growing demand for trucks and SUVs in the United States promotes the automotive motors market trend, as those vehicles have complex motor requirements for different functionalities. The strong purchasing ability of consumers significantly impacts the market since they tend to buy automotive products that integrate advanced features and technologies. 

Asia Pacific dominated the automotive motors market in 2024. A growing number of people with disposable income in China, India, and Japan can be attributed to the improved economic condition in these countries. The population changes resulting from economic growth trigger rising sales of private automobiles that enhance the market demand for automotive motors, which function in power windows, power steering, and air conditioning systems. 

Internet of Things implementation in the automotive sector throughout the region drives up the need. Technological innovations and government-funded automotive production research and development shape the existing market structure.

Automotive Motors Market Coverage

Report Attribute Key Statistics
Market Revenue in 2025 USD 32.04 Billion
Market Revenue by 2033 USD 45.92 Billion
CAGR 4.57%
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market North America
Base Year 2024
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Market News

  • In June 2024, Nidec Corporation declared the development of a new air suspension motor by Nidec Motor (Dalian) Limited, the company’s Chinese branch.  The innovative motor has been developed with features of compact dimensions, high power delivery, extended service duration, and quick response capabilities.
  • In August 2023, MAHLE unveiled the “perfect motor” development using a magnet-free contactless transmitter (MCT) and superior continuous torque (SCT) electric motors. The new system combines the advantages of high peak power capability with contactless power transfer and a variety of supplementary benefits. 

Automotive Motors Market Key Players

  • Continental AG (Germany)
  • Nidec Corporation (Japan)
  • Robert Bosch GmbH (Germany)
  • Denso Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan). Siemens AG (Germany)
  • Borgwarner Inc. (U.S.)
  • Mitsuba Corporation (Japan)
  • Magna International (Canada)
  • Valeo S.A. (France)

Market Segmentation

By Application

  • Power Antenna Motor
  • Alternator
  • Electric Parking Brake 
  • Fuel pump Motor
  • Sunroof Motor
  • Wiper Motor
  • Starter Motor
  • Electric Power Steering
  • Engine Cooling Fan

By Vehicle Type

  • Heavy Commercial Vehicles
  • Passenger Cars
  • Electric two-Wheeler
  • Light Commercial Vehicle
  • Two-Wheeler
  • Plug in Hybrid Electric Vehicle
  • Battery Electric Vehicle

By Technology

  • Pulse-width modulation (PWM)
  • Direct torque control (DTC)
  • Others

By Function

  • Performance
  • Comfort & Convenience
  • Safety & Security

By Motor Type

  • Stepper Motor
  • Brushless DC Motor
  • DC brushed Motor
  • Traction Motor

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