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NEWS
New Energy Vehicle Core Components: Global Trend of Driving Motor
With the increasing penetration of global automotive electrification, the driving motor industry will usher in the rapid expansion of the overall scale. In this process, third-party motor manufacturers with scale effect and technological advantages will have the opportunity to rapidly expand market share and achieve substantial growth in performance.
Global Drive Motor Market Trends
According to estimates, with the rapid development of global automotive electrification, the new energy automotive motor system market will expand rapidly, and the market size is expected to grow from $23 billion in 2015 to $31.8 billion in 2030.
New energy automotive motor system mainly consists of motor and inverter. Although these two parts, like most other automotive parts, are facing the pressure of price reduction for a long time, the industry as a whole still has a larger room for growth due to the increase in the total amount of new energy automobiles. We expect the average annual growth rate of market size to be around 18% to 20% by 2030.
As for the unit price of the system, the overall development of the motor system towards high power has also brought about an increase in the assembly price.
According to estimates, under the neutral assumption, the sales of electric vehicles will reach 20 million units in 2030, accounting for 16-18% of the total passenger car sales in that year. However, under the optimistic scenario, that is, the price of batteries has fallen sharply, and the environmental protection policy is more stringent, the growth rate of electric vehicle sales is likely to rise substantially. We expect that under the optimistic scenario, the total annual sales of new energy vehicles may reach 30 million units, accounting for about 25-27% of the automobile sales in that year.
It is estimated that the power demand of single motor hybrid vehicle is about 30 kw, that of dual motor plug-in hybrid vehicle is about 50-100 kw, and that of pure electric vehicle is about 200 kw.
Download the full report of this article, please visit Leqing Think Tank website on PC: www.767stock.com
Motor Market Situation
We expect that the average annual growth rate of motor sales will reach 18% by 2030, and the overall industry sales will reach $19.5 billion by 2030, nearly 17 times the level of $1.2 billion in 2015.
It is expected that motor sales will rise from 3.6 million in 2015 to 49 million in 2030. Meanwhile, the number of bicycle motors is expected to decline from 1.8 to 1.4, mainly due to the increase in the proportion of pure electric vehicles sold by single motor.
But in terms of motor unit price, we expect to further increase, from the current $350 to $380, mainly driven by the wider application of high-price high-power motors.
In terms of market share, Toyota Group is far ahead of Honda Group in 2016 data, and Honda Group is second. At the same time, the two groups are also leading the world in the field of mixing. Then came BYD and Futian Motor, a Taiwanese motor manufacturer that supplies Tesla.
In the long-term development of the motor industry, the rise of third-party suppliers will be the general trend. If we look at the current situation of Japan's automobile industry chain, it is not difficult to find that the top three leading companies tend to self-powered motor products, which is not only related to the traditional genes of Japanese manufacturing enterprises, but also related to the stage of industry development.
If we compare the development history of PC and mobile phone industry, we can easily find that the two industries are highly integrated upstream and downstream production in the early stage. Whether HP, Apple, Silicon Map, or Nokia and Motorola in the mobile phone industry are highly integrated production in the industry chain, because in the early stage, product updates are faster, and upstream parts suppliers are required to be fast. Quick response and coordination, so the integrated production model has a higher cost performance ratio;
However, in the later stage of the industry development, because of the expansion of the whole market scale, and the speed of product upgrading does not need to be as fast as in the initial stage, the scale effect of the third-party suppliers to the whole market as the client will be reflected, which has also led to the rise of a series of third-party suppliers such as Foxconn, Meguiar, Hailishi and so on.
With the increasing penetration of global automotive electrification, the driving motor industry will usher in the rapid expansion of the overall scale. In this process, third-party motor manufacturers with scale effect and technological advantages will have the opportunity to rapidly expand market share and achieve substantial growth in performance.
Global Drive Motor Market Trends
According to estimates, with the rapid development of global automotive electrification, the new energy automotive motor system market will expand rapidly, and the market size is expected to grow from $23 billion in 2015 to $31.8 billion in 2030.
New energy automotive motor system mainly consists of motor and inverter. Although these two parts, like most other automotive parts, are facing the pressure of price reduction for a long time, the industry as a whole still has a larger room for growth due to the increase in the total amount of new energy automobiles. We expect the average annual growth rate of market size to be around 18% to 20% by 2030.
As for the unit price of the system, the overall development of the motor system towards high power has also brought about an increase in the assembly price.
According to estimates, under the neutral assumption, the sales of electric vehicles will reach 20 million units in 2030, accounting for 16-18% of the total passenger car sales in that year. However, under the optimistic scenario, that is, the price of batteries has fallen sharply, and the environmental protection policy is more stringent, the growth rate of electric vehicle sales is likely to rise substantially. We expect that under the optimistic scenario, the total annual sales of new energy vehicles may reach 30 million units, accounting for about 25-27% of the automobile sales in that year.
It is estimated that the power demand of single motor hybrid vehicle is about 30 kw, that of dual motor plug-in hybrid vehicle is about 50-100 kw, and that of pure electric vehicle is about 200 kw.
Download the full report of this article, please visit Leqing Think Tank website on PC: www.767stock.com
Motor Market Situation
We expect that the average annual growth rate of motor sales will reach 18% by 2030, and the overall industry sales will reach $19.5 billion by 2030, nearly 17 times the level of $1.2 billion in 2015.
It is expected that motor sales will rise from 3.6 million in 2015 to 49 million in 2030. Meanwhile, the number of bicycle motors is expected to decline from 1.8 to 1.4, mainly due to the increase in the proportion of pure electric vehicles sold by single motor.
But in terms of motor unit price, we expect to further increase, from the current $350 to $380, mainly driven by the wider application of high-price high-power motors.
In terms of market share, Toyota Group is far ahead of Honda Group in 2016 data, and Honda Group is second. At the same time, the two groups are also leading the world in the field of mixing. Then came BYD and Futian Motor, a Taiwanese motor manufacturer that supplies Tesla.
In the long-term development of the motor industry, the rise of third-party suppliers will be the general trend. If we look at the current situation of Japan's automobile industry chain, it is not difficult to find that the top three leading companies tend to self-powered motor products, which is not only related to the traditional genes of Japanese manufacturing enterprises, but also related to the stage of industry development.
If we compare the development history of PC and mobile phone industry, we can easily find that the two industries are highly integrated upstream and downstream production in the early stage. Whether HP, Apple, Silicon Map, or Nokia and Motorola in the mobile phone industry are highly integrated production in the industry chain, because in the early stage, product updates are faster, and upstream parts suppliers are required to be fast. Quick response and coordination, so the integrated production model has a higher cost performance ratio;
However, in the later stage of the industry development, because of the expansion of the whole market scale, and the speed of product upgrading does not need to be as fast as in the initial stage, the scale effect of the third-party suppliers to the whole market as the client will be reflected, which has also led to the rise of a series of third-party suppliers such as Foxconn, Meguiar, Hailishi and so on.