The Asia-Pacific Automotive Motor market is projected to grow at a significant CAGR of 9.7% during the forecast period. The growth is mainly attributed to the future prospect of growth in the automotive industry in the region, which is primarily involved in the development of innovative technologies in the region. The traditional vehicle is frequently being replaced by electric vehicles, which is significantly driving the growth of the market. Toyota Prius, Chevy Malibu, and Honda Insight are some instances of parallel hybrid vehicles, which are commercially available in the market across the region. To be employed in electric and hybrid vehicles, a variety of electric motors are developed in recent years, which further aids the growth of the market.  

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Further, automation and upgradation of technology are propelling the demand for the Asia-Pacific automobile motors market. Besides, the market is also driven by the rapid increase in the production of vehicles, increasing efforts being undertaken by OEMs, and several government initiatives in order to introduce electric vehicles on the road. The presence of a large customer base coupled with the cohesive government incentives and subsidies to promote the adoption of electric vehicles in the region will also drive the market growth. For instance, initiatives such as EV30@30 are driving the rapid adoption of electric vehicles in the region which in turn will drive the growth of the automotive motors industry over the forecast period.

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Market Coverage
Market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Type, By Vehicle Type, By Distribution Channel
Regions Covered- Asia-Pacific
Competitive Landscape- Continental AG, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Siemens AG 

Asia-Pacific Automotive Motor Market – Segmentation
By Type
Brushless DC Motor & Stepper Motor
Brushed DC Motor
Others

By Vehicle Type
Passenger Vehicles
Commercial Vehicles
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o Others (Buses & Coaches)

Electric Vehicles
o Battery Electric Vehicles (BEVs)
o Plug-in Electric Vehicles (PEVs)
o Hybrid Electric Vehicles (HEVs)

By Distribution Channel
OEM
Aftermarket

Asia-Pacific Automotive Motor Market – Segmentation by Country
China
India
Japan
ASEAN
South Korea
Rest of Asia-Pacific

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