The US automotive motors market is projected to grow at a significant CAGR of 7.2% during the forecast period. The key factors that drive the US automotive motors market include the increased preferences towards the adoption of electric vehicles in order to overcome issues such as oil dependence, global warming, and environmental pollution. Besides, the rising government initiatives and subsidies to promote the manufacturing and adoption of electric vehicles also supports the growth of the market over the forecast period. Thus, due to the higher performance, low maintenance, fast speed, and rapid response, the electric car manufacturers are preferring advanced automotive motors in their vehicles, thereby, driving the growth of the market.

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The US automotive motors market has been segmented by type, vehicle type, and distribution channel. By type, the market is segmented as brushless dc motor & stepper motor, brushed dc motor, ac induction motor, and others. On the basis of vehicle type, the market is divided into passenger vehicles, commercial vehicles, and electric vehicles. Passenger vehicle is expected to maintain a substantial market share during the forecast period. 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. 

Continental AG, Tesla Inc., Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Siemens AG among others is some of the prominent players functioning in the US automotive motors market. New product launches & developments, partnerships, 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 US 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:

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

The report is intended for automotive motors manufacturing companies, auto-ancillary companies automakers, research institutes, government, 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. US Automotive Motors Market Research and Analysis by Type
2. US Automotive Motors Market Research and Analysis by Vehicle Type 
3. US Automotive Motors Market Research and Analysis by Distribution Channel

The Report covers:

• Comprehensive research methodology of the US 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 US automotive motors market.
• Insights about market determinants which are stimulating the US automotive motors market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.