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Home > QYR in News > On April 25th Ningbo Hengshuai JSC quoted in its annual report a research report on automotive micro motors published by QY Research
On April 25th Ningbo Hengshuai JSC quoted in its annual report a research report on automotive micro motors published by QY Research
According to the report of QY Research, taking automotive applications as an example, the global automotive micro-motor manufacturers are Asmo (Denso), Dechang Motor, NIDEC, Bosch, Mitsuba, Brose, Valeo, Mabuchi Motors, LG Innotek, DY Corporation, etc. In 2021, the top five manufacturers accounted for about 57.0% of the market share, of which only Dechang Motor is a domestic supplier, and foreign investors still dominate. In 2021, the world's top five manufacturers accounted for about 57.0% of the market share, of which only Dechang Motor belongs to the domestic suppliers, foreign investors still dominate.
Automotive industry is one of the most important application scenarios of micro motor, according to QY Research's report “Global Automotive Micro Motor Market Report 2023-2029”, it is expected that the global automotive micro motor market size will reach $19.56 billion in 2029. With the acceleration of new energy, electrification, and intelligence of automobiles, the automotive industry has brought a large number of emerging incremental demand for the micro motor industry, especially China's automotive industry contributes particularly significant.
Source: Sohu
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https://www.sohu.com/a/774092583_120988533
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