The North America automotive motors market is projected to grow at a significant CAGR of 7.4% during the forecast period. The key factors that drive the market include the increased need for safety features and convenience in a vehicle. The advancements in vehicle manufacturing and the advent of electric vehicles owing to the increased focus towards the adoption of renewable energy among the people further drive the growth of the market over the forecast period. Besides, the increased focus of the government towards the adoption of electric vehicles also supports the growth of the market.

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The North America automotive motors market is segmented into the type, vehicle type, and distribution channel. Based on the type, the market has been sectioned as brushless dc motor & stepper motor, brushed dc motor, ac induction motor, and others. By vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and electric vehicles. Commercial vehicles segment is sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others. Whereas the electric vehicles segment is further segmented into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). Based on the distribution channel, the market is segmented as OEM and aftermarket. The OEM segment holds a significant share in the market.

By Geography, the North America automotive motors market is segmented into the US and Canada. The US is estimated to hold a major market share with a CAGR of 7.2% during the forecast period. Some of the prominent players functioning in the North America automotive motors industry include Continental AG, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Siemens AG among others is. New product developments & launches, partnerships & collaboration, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the North America automotive motors market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.

Secondary sources include:

1. Financial reports of companies involved in the market
2. Whitepapers, research-papers, and news blogs
3. Company websites and their product catalog

The report is intended for motors manufacturing companies, auto-ancillary companies, automakers, research institutes, government, startups, venture capitalists, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North America Automotive Motors Market Research and Analysis by Type
2. North America Automotive Motors Market Research and Analysis by Vehicle Type 
3. North America Automotive Motors Market Research and Analysis by Distribution Channel

The Report covers:

• Comprehensive research methodology of the North America automotive motors market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North America automotive motors market.
• Insights about market determinants which are stimulating the North America automotive motors market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.