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2018 American motors market size exceeds 100.3 billion

Release date:2026-02-02 20:12:09

Reportbuyer American industry consultancy, said in a news release that by 2018, the United States motor market scale will reach $16.2 billion (RMB 100.33 billion), the average annual growth of about 5.4%. Among them, the car market, especially in hybrid and electric vehicle motor market the biggest business in the United States.

Reportbuyer in the report is expected, as the production of cars, rising production of hybrid and pure electric vehicles is growing, stimulate the demand for motor market, and related system growth. Predicts 2018, the United States ac motor demand will exceed the dc motor, reached $9.6 billion (RMB 59.45 billion), the dc motor demand for $6.7 billion (RMB 41.5 billion).

In general, hybrid and electric vehicles using fractional horsepower ac synchronous motor, therefore, the motor of the market share will gradually increase. From the point of application market, transportation is the core of the motor application market. Other markets such as aerospace, automation transportation equipment such as the demand for motor is also growing.