The US automotive motors market is forecast to grow from USD 16,300 million in 2020 to USD 19,850 million in 2025 and USD 37,000 million by 2035. Market growth is propelled by ongoing electrification, regulatory focus on emissions, and robust replacement demand from the aftermarket. Strategic investments by leading OEMs in both premium and mass-market electric models is contributing to a steady compound annual growth rate surpassing 6% over the forecast period, underlining healthy demand momentum in both new and existing vehicle segments.
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By application, HVAC systems hold the largest share at 28% owing to increased consumer demand for improved comfort and climate control. Power Steering follows at 22%, benefiting from rising penetration of electric power steering in new vehicles. Engine (18%), Safety & Security (13%), Infotainment Systems (11%), and Transmission (8%) compose the rest. Automotive OEMs continue to integrate advanced compact motors to support digitalization in infotainment and smart safety systems. The growing adoption of electric and hybrid vehicles further drives traction motor and power steering market share.
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Who are the key players in US Automotive Motors Market industry?
The top five players in the US Automotive Motors Market include Robert Bosch GmbH, Denso Corporation, Johnson Electric Holdings, Nidec Corporation, and Bosch Automotive Service Solutions. These companies lead the industry by delivering innovative motor solutions, driving electrification, and expanding production capacity to meet the increasing demand for energy-efficient automotive motors.
What is the US Automotive Motors Market market growth?
The US Automotive Motors Market has experienced robust growth, with an expected CAGR of 6% from 2023 to 2028. The market's expansion is driven by increased adoption of electric vehicles, with firms like Tesla, Inc. investing heavily in advanced motor technologies and production facilities across the United States.
Which segment accounted for the largest US Automotive Motors Market market share?
The passenger vehicles segment accounted for the largest share of the US Automotive Motors Market. High demand for comfort features, safety systems, and electric vehicles in this segment is driving motor adoption. Features like power windows, seat adjusters, and HVAC systems require motorized solutions, contributing to this dominance.
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