In 2015, the global automotive market continued to grow, with the total sales volume hitting 89.68 million units, up 2.0% year on year. It is anticipated that the numbers will reach 91.3 million units in 2016 and approach 105 million units in 2020.
Specifically, China, as the world’s largest automobile market, contributed the sales volume of 24.6 million units in 2015, sharing 27.4% of the global total; and the sales figure is expected to rise to 26 million units in 2016, with an estimated AAGR of around 5.0% during 2016-2020.
In 2015, the global automotive electric motor shipments approximated 3.47 billion units, up 6.7% from a year ago; the figure will go up to 3.64 billion units in 2016. With the development of intelligent and new energy vehicles, the global shipments of automotive electric motor are expected to grow at a compound annual rate of around 9.0% during 2016-2020.
By installation position, automotive electric motors can be divided into body motors, chassis motors, and powertrain motors, of which body motors find widest applications, including in power seats, electric windows, and electric rearview mirrors, etc. On average, one car needs about 24 units of body motor. In 2015, the global shipments of automotive body motor totalled 2.16 billion units, accounting for 62.3% of those of automotive electric motor. We project that the figure will rise to 2.31 billion units in 2016 and 3.18 billion units in 2020.
Automotive electric motors mainly fall into small-sized automotive electric motors, automotive starters and alternators according to function.
Globally, relatively more competitive manufacturers of small-sized automotive electric motors consist of Japan’s ASMO, Mitsuba, Nidec, Mabuchi, and Denso, etc., and some European and American companies like Valeo and Bosch. Besides, the Chinese player Johnson Electric also enjoys strong competitiveness in the international market, seizing a market share of around 10% in 2015.
Read more: http://finance.yahoo.com/news/global-china-automotive-electric-motor-111408646.html
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