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Automobile Rotor Stator Market Size - By Type (AC Type and DC Type), By Vehicle Type, By Material, By Application & By Distribution Channel: Global Forecast By 2033

  • PUBLISHED ON
  • 2024-10-10
  • NO OF PAGES
  • 280
  • CATEGORY
  • Automotive & Transportation

Market Overview

Automobile Rotor Stator Market is projected to achieve a value of USD 12,042.6 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 23,877.6 Million by 2033 with a CAGR of 8.4% during the forecast period 2023-2033.

An automobile rotor and stator are components commonly found in an alternator, which is an essential part of a vehicle's electrical system. These components work together to generate electrical power and charge the vehicle's battery while the engine is running.

Some Key Findings From Automobile Rotor Stator Market Consumer Surveys Conducted:

·         Consumers are increasingly aware of the importance of the rotor stator in electric motors. The survey found that 80% of consumers are aware that the rotor stator is one of the most important components of an electric motor.

·         Consumers are willing to pay a premium for high-quality rotor stator. The survey found that 60% of consumers are willing to pay a premium for rotor stator that are made with high-quality materials and are built to last.

·         Consumers are looking for rotor stator that are made by reputable brands. The survey found that 70% of consumers prefer to purchase rotor stator from reputable brands.

·         Consumers are interested in new and innovative rotor stator designs. The survey found that 50% of consumers are interested in new and innovative rotor stator designs that can improve the performance and efficiency of electric motors.

Market Scope

Report Attributes

Description

Market Size in 2022

USD 12,042.6 Million

Market Forecast in 2033

USD 23,877.6 Million

CAGR % 2023-2033

8.4%

Base Year

2022

Historic Data

2016-2022

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Growth Driver

Rise in the adoption of Electric Power Steering (EPS)

Growing Consumer Demand for Enhanced Features

Increasing focus on cost reduction

Segments Covered

Type, Vehicle type, application, Material and Distribution Channel

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

SL Montevideo Technology, Ashland Electric Products, ATS, Electric Motor Coil, Laser Technologies, Moog, NOVAK, R.Bourgeois Group, Stator Systems, Swiger Coil Systems, Tempel, Brembo S.p.A, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., DENSO Corporation, Mitsubishi Electric Corporation

 

Market Dynamics

Increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs): EVs and HEVs use electric motors to propel the vehicle, and the rotor and stator are two of the most important components of an electric motor. The increasing demand for EVs and HEVs is fueling the growth of the automobile rotor stator market.

Government initiatives to promote the adoption of EVs and HEVs: Many governments around the world are offering incentives to consumers and businesses to purchase EVs and HEVs. This is increasing the demand for these vehicles, and in turn, the demand for automobile rotor stator.

Technological advancements in rotor and stator manufacturing: Companies are investing heavily in research and development to develop new and innovative rotor and stator designs that can improve the performance and efficiency of electric motors. This is driving the growth of the automobile rotor stator market.

The cost of raw materials such as copper and steel has been increasing in recent years. This is driving up the cost of manufacturing automobile rotor stator, which could restrain the growth of the market.

The manufacturing process of automobile rotor stator is complex and requires specialized skills and equipment. This could limit the number of companies that can produce high-quality rotor stator, which could restrain the growth of the market.

Many consumers are not aware of the importance of the rotor stator in electric motors. This could lead to lower demand for automobile rotor stator, which could restrain the growth of the Automobile Rotor Stator market.

Other electric motor components, such as bearings and magnets, are also becoming more efficient and affordable. This could lead to increased competition for automobile rotor stator, which could restrain the growth of the market.

Market Type Analysis

The AC type rotor stator is expected to dominate the automobile rotor stator market in terms of market share of around 75% in 2022, followed by the DC type rotor stator.

The AC type rotor stator is used in electric motors that are powered by alternating current (AC). AC type rotor stators are widely used in electric vehicles (EVs) and hybrid electric vehicles (HEVs), as well as in other automotive applications such as power steering pumps and electric fans.

The DC type rotor stator is used in electric motors that are powered by direct current (DC). DC type rotor stators are typically used in low-voltage and low-power applications, such as starter motors and windshield wipers.

The market share of the AC type rotor stator is expected to increase in the coming years, due to the increasing demand for EVs and HEVs. The market share of the DC type rotor stator is expected to remain relatively stable during the forecast period.

Market Vehicle Type Analysis

The passenger car segment is expected to account for the largest market share around 60% of the automobile rotor stator market in terms of vehicle type during the forecast period, followed by the commercial vehicle segment and the electric vehicle segment.

Passenger cars are the most common type of vehicle in the world, and they are also the most likely type of vehicle to be electrified in the coming years. This will drive the growth of the automobile rotor stator market in the passenger car segment.

Commercial vehicles are also becoming increasingly electrified, as businesses are looking to reduce their operating costs and emissions. This is expected to drive the growth of the market in the commercial vehicle segment.

The electric vehicle segment is the fastest-growing segment of the Automobile Rotor Stator market. This is due to the increasing demand for electric vehicles around the world.

Market Application Analysis

The original equipment manufacturer (OEM) segment is expected to account for the largest market share around 70% of the automobile rotor stator market in terms of application during the forecast period, followed by the aftermarket segment.

The OEM segment includes vehicle manufacturers that use rotor stator in their vehicles. The aftermarket segment includes companies that sell and service rotor stator for existing vehicles.

The OEM segment is expected to continue to dominate the automobile rotor stator market in the coming years, due to the increasing demand for electric vehicles. Electric vehicles use more rotor stator than traditional gasoline-powered vehicles.

The aftermarket segment is expected to grow at a faster pace than the OEM segment in the coming years. This is due to the increasing number of electric vehicles on the road and the need to replace worn-out rotor stator in existing vehicles.

Market Regional Analysis

The Asia Pacific region is expected to account for the largest market share around 40% of the automobile rotor stator market in terms of region during the forecast period, followed by North America and Europe.

The Asia Pacific region is the largest market for automobiles in the world, and it is also the fastest-growing market for electric vehicles. This is driving the growth of the automobile rotor stator market in the region.

North America and Europe are also major markets for automobiles and electric vehicles. However, the growth of the automobile rotor stator market in these regions is expected to be slower than the growth of the market in the Asia Pacific region.

Competitive Analysis

Nidec Corporation, Denso Corporation, and Bosch are the three largest players in the Automobile Rotor Stator market, with a combined market share of over 23%. Other leading players, such as Continental AG, Valeo, and Siemens AG, likely have market shares in the single digits.

By Type

·         AC Type

·         DC Type

By Vehicle Type

·         Passenger Cars

·         Commercial Vehicles

·         Electric Vehicles

By Application

·         OEM

·         Aftermarket

By Material

·         Copper

·         Aluminum

·         Others

By Distribution Channel

·         Direct Sales

·         Distributor/Wholesaler

·         Online Retail

1.       Global Automobile Rotor Stator Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Automobile Rotor Stator Market Scope and Market Estimation

1.2.1.Global Automobile Rotor Stator Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2.Global Automobile Rotor Stator Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1.Type of Global Automobile Rotor Stator Market

1.3.2.Vehicle Type of Global Automobile Rotor Stator Market

1.3.3.Application of Global Automobile Rotor Stator Market

1.3.4.Material of Global Automobile Rotor Stator Market

1.3.5.Distribution Channel of Global Automobile Rotor Stator Market

1.3.6.Region of Global Automobile Rotor Stator Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.    Global Automobile Rotor Stator Market Industry Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Automobile Rotor Stator Market Industry Development

3.2.   Market Dynamics, By Region

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Automobile Rotor Stator Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Technology Roadmap & Key Innovations /Developments

3.6.   Porter’s Five Forces Analysis

3.6.1.Bargaining Power of Suppliers

3.6.2.Bargaining Power of Buyers

3.6.3.Threat of Substitutes

3.6.4.Threat of New Entrants

3.6.5.Competitive Rivalry

3.7.   PEST Analysis

3.7.1.Political Factors

3.7.2.Economic Factors

3.7.3.Social Factors

3.7.4.Technological Factors

3.8.   ANSOFF Matrix

3.8.1.Market Penetration Strategy

3.8.2.Product Type Development Strategy

3.8.3.Market Development Strategy

3.8.4.Diversification Strategy

3.9.   Automobile Rotor Stator Production Capacity, by Major Countries

3.10.  Russia-Ukraine War Impacts Analysis

3.11.  Economic Downturn Analysis

3.12.  Energy Crisis Analysis

3.13.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Automobile Rotor Stator Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Automobile Rotor Stator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Type, 2019 to 2033

4.1.1.AC Type

4.1.2.DC Type

5.       Global Automobile Rotor Stator Market Estimates & Forecast Trend Analysis, by Vehicle Type

5.1.    Global Automobile Rotor Stator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Vehicle Type, 2019 to 2033

5.1.1.Passenger Cars

5.1.2.Commercial Vehicles

5.1.3.Electric Vehicles

6.       Global Automobile Rotor Stator Market Estimates & Forecast Trend Analysis, by Application

6.1.    Global Automobile Rotor Stator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Application, 2019 to 2033

6.1.1.OEM

6.1.2.Aftermarket

7.       Global Automobile Rotor Stator Market Estimates & Forecast Trend Analysis, by Material

7.1.    Global Automobile Rotor Stator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Material, 2019 to 2033

7.1.1.Copper

7.1.2.Aluminum

7.1.3.Others

8.       Global Automobile Rotor Stator Market Estimates & Forecast Trend Analysis, by Distribution Channel

8.1.    Global Automobile Rotor Stator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Distribution Channel, 2019 to 2033

8.1.1.Direct Sales

8.1.2.Distributor/Wholesaler

8.1.3.Online Retail

9.       Global Automobile Rotor Stator Market Estimates & Forecast Trend Analysis, by Region

9.1.    Global Automobile Rotor Stator Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region, 2019 to 2033

9.1.1.North America

9.1.2.Europe

9.1.3.Asia Pacific

9.1.4.Middle East & Africa

9.1.5.South America

10.   North America Automobile Rotor Stator Market: Estimates & Forecast Trend Analysis

10.1.      North America Automobile Rotor Stator Market Assessments & Key Findings

10.1.1.    Automobile Rotor Stator Market Introduction

10.1.2.    Automobile Rotor Stator Market Size Estimates and Forecast (US$ Million & Units) (2019 to 2033)

10.1.2.1.    By Type

10.1.2.2.    By Vehicle Type

10.1.2.3.    By Application

10.1.2.4.    By Material

10.1.2.5.    By Distribution Channel

10.1.2.6.    By Country

10.1.2.6.1. The U.S.

10.1.2.6.2. Canada

10.1.2.6.3. Mexico

11.   Europe Automobile Rotor Stator Market: Estimates & Forecast Trend Analysis

11.1.  Europe Automobile Rotor Stator Market Assessments & Key Findings

11.1.1.   Automobile Rotor Stator Market Introduction

11.1.2.   Automobile Rotor Stator Market Size Estimates and Forecast (US$ Million & Units) (2019 to 2033)

11.1.2.1.    By Type

11.1.2.2.    By Vehicle Type

11.1.2.3.    By Application

11.1.2.4.    By Material

11.1.2.5.    By Distribution Channel

11.1.2.6.    By Country

11.1.2.6.1. Germany

11.1.2.6.2. U.K.

11.1.2.6.3. France

11.1.2.6.4. Italy

11.1.2.6.5. Spain

11.1.2.6.6. Russia

11.1.2.6.7. Rest of Europe

12.   Asia Pacific Automobile Rotor Stator Market: Estimates & Forecast Trend Analysis

12.1.  Asia Pacific Market Assessments & Key Findings

12.1.1.    Automobile Rotor Stator Market Introduction

12.1.2.    Automobile Rotor Stator Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)

12.1.2.1.    By Type

12.1.2.2.    By Vehicle Type

12.1.2.3.    By Application

12.1.2.4.    By Material

12.1.2.5.    By Distribution Channel

12.1.2.6.    By Country

12.1.2.6.1. China

12.1.2.6.2. Japan

12.1.2.6.3. India

12.1.2.6.4. Australia

12.1.2.6.5. South Korea

12.1.2.6.6. ASEAN

12.1.2.6.7. Rest of Asia Pacific

13.   Middle East & Africa Automobile Rotor Stator Market: Estimates & Forecast Trend Analysis

13.1.  Middle East & Africa Market Assessments & Key Findings

13.1.1.   Automobile Rotor Stator Market Introduction

13.1.2.   Automobile Rotor Stator Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)

13.1.2.1.    By Type

13.1.2.2.    By Vehicle Type

13.1.2.3.    By Application

13.1.2.4.    By Material

13.1.2.5.    By Distribution Channel

13.1.2.6.    By Country

13.1.2.6.1. U.A.E.

13.1.2.6.2. Saudi Arabia

13.1.2.6.3. Egypt

13.1.2.6.4. South Africa

13.1.2.6.5. Rest of Middle East & Africa

14.   South America Automobile Rotor Stator Market: Estimates & Forecast Trend Analysis

14.1.  South America Market Assessments & Key Findings

14.1.1.   Automobile Rotor Stator Market Introduction

14.1.2.   Automobile Rotor Stator Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)

14.1.2.1.    By Type

14.1.2.2.    By Vehicle Type

14.1.2.3.    By Application

14.1.2.4.    By Material

14.1.2.5.    By Distribution Channel

14.1.2.6.    By Country

14.1.2.6.1. Brazil

14.1.2.6.2. Argentina

14.1.2.6.3. Colombia

14.1.2.6.4. Rest of South America

15.   Competition Landscape

15.1.  Automobile Rotor Stator Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

15.2.  Automobile Rotor Stator Market Competition White Space Analysis, By Distribution Channel / End-use

15.3.  Automobile Rotor Stator Market Competition Regional Intensity Map Analysis, By Geographies Served

15.4.  Automobile Rotor Stator Market Concentration & Company Market Shares (%) Analysis, 2022

16.   Company Profiles

16.1.                     SL Montevideo Technology

16.1.1.    Company Overview & Key Stats

16.1.2.    Financial Performance & KPIs

16.1.3.    Product Portfolio

16.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

16.2.                     Ashland Electric Products

16.3.                     ATS

16.4.                     Electric Motor Coil

16.5.                     Laser Technologies

16.6.                     Moog

16.7.                     NOVAK

16.8.                     R.Bourgeois Group

16.9.                     Stator Systems

16.10.                  Swiger Coil Systems

16.11.                  Tempel

16.12.                  Brembo S.p.A

16.13.                  ZF Friedrichshafen AG

16.14.                  Aisin Seiki Co., Ltd.

16.15.                  DENSO Corporation

16.16.                  Mitsubishi Electric Corporation

16.17.   Others**

17.   Research Methodology

17.1.      External Vehicle Types / Databases

17.2.      Internal Proprietary Database

17.3.      Primary Research

17.4.      Secondary Research

17.5.      Assumptions

17.6.      Limitations

17.7.      Report FAQs

18.   Research Findings & Conclusion

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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Frequently Asked Questions

What is the Global Automobile Rotor Stator market value?

Global Automobile Rotor Stator market was valued at USD 12,042.6 Million in 2022 and is estimated to reach value of 23,877.6 million by 2033.

Which are the upcoming countries within the Automobile Rotor Stator market?

China, Japan, India, Spain, Brazil, France and Italy are the fastest growing countries within the global market.

Who are the key competitors of market Players?

Nidec Corporation, Denso Corporation, and Bosch are the top 3 companies in the market.

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