Global Automotive Heating Fan Motor Market: Industry Analysis And Forecast 2020 -2026:

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Global Automotive Heating Fan Motor Market: Industry Analysis and Forecast 2020 -2026:

Global Automotive Heating Fan Motor Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 5.4% during a forecast period.
Global Automotive Heating Fan Motor Market Overview

HVAC (Heat ventilation and air conditioning) systems which consist of a heating fan engine, are used in all types of cars. Depending on the climatic conditions, a single electric motor is typically used to circulate both hot and cold air into the HVAC system. The DC engine, motor casing, and fan are critical components of heating fan engines. However, components can vary depending on the application.

The report covers the detailed analysis of the global automotive heating fan motor industry with the classifications of the market based on motor type, vehicle type, sales channel and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.

Global Automotive Heating Fan Motor Market

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Global Automotive Heating Fan Motor Market Dynamics

The government regulations and stringent environmental policies enacted by different countries made manufacturers develop electrical vehicles, which are emission-free, have high torque ratings, and provide alternatives for IC engines. The companies like BMW, Volvo, and Nissan are conducting trials for autonomous vehicles in Germany and are planning to sell vehicles in coming years. This is likely to have a positive impact on the automotive heating fan motor market during the forecast period.

The rise in demand for comfort and increased demand luxury vehicles globally due to increased purchasing power and consumer preference for SUVs are expected to boost demand for passenger vehicles during the forecast period. Likewise developed countries like India and China are experiencing rapid growth in the automotive industry due to the growth in the economy, rise in disposable income, and purchasing power. This, in turn, is expected to propel the automotive heating fan motor market.
Global Automotive Heating Fan Motor Market Segmentation Analysis

By Motor Type, the DC motor segment holds the highest share of 42% in global the automotive heating fan motor market and is expected to reach US$ XX Mn by 2026. Due to the popularity of DC motors among manufacturers, the DC motor segment is expected to grow rapidly. DC motors are used by the majority of HVAC system manufacturers because they need significantly less power.

By Vehicle Type, the passenger vehicles segment is anticipated to emerge as the fastest-growing segment, registering a CAGR of XX% during the forecast period.
The passenger vehicles, which include economy cars, compact cars, minivans, SUVs, and premium and luxury cars. Manufacturers are mainly investing in new technologies of vehicles, which has led to the growth of the automotive heating fan motor market. Increase in demand for advanced features, rise in the standard of living, increasing purchasing power capacity, rise in per capita income of individuals, increasing industrialization, changing way of life, and high disposable income are some of the factors for the growth of the automotive heating fan motor market globally. The growing interest of consumers towards safety, premium, luxury, and comfortable vehicles is expected to drive the growth of the automotive heating fan motor market during the forecast period.

Global Automotive Heating Fan Motor Market

By Sales Channel, the automotive heating fan motor market can be split into OEM and the aftermarket. High involvement of manufacturers offering high-performance fan motors with a longer life and good support. This is expected to drive the growth of the OEM segment and thereby the market of automotive heating fan motor during the forecast period.

Global Automotive Heating Fan Motor Market

 

Asia Pacific accounts for the largest share of the global automotive heating fan motor market and is expected to offer a volume CAGR of XX% during the forecast period due to the presence of a large customer base and a robust automotive industry in the region. The rapid expansion of industrialization and urbanization in developing countries such as India & China are the factors for the growth of the automotive heating fan motor market in the region.

Similarly, Local customers as well as OEMs such as Nissan, Daimler, and BMW are getting support from prominent manufacturers of India, which are expected to drive the demand for the automotive heating fan motor market in the region.

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Global Automotive Heating Fan Motor Market Scope: Inquire before buying

Global Automotive Heating Fan Motor Market
Global Automotive Heating Fan Motor Market by Region

• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Automotive Heating Fan Motor Market Key Players

• Brose Fahrzeugteile GmbH & Co. KG
• Mahle GmbH
• Nidec Corporation
• Denso Corporation
• Valeo
• Bosch
• Johnson Electric
• Nidec
• Mabuchi
• Asmo
• Mitsuba
• Broad Ocean
• Denso
• Shinano Kenshi (Japan)
• Mabuchi.

 

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