Market Share of Automotive Micro Motor Industry
The micromotors market is fragmented and highly competitive due to the presence of various international and domestic players operating in the ecosystem. Some of the major players include Buhler Motor GmbH, Constar MicroMotor, Johnson Electric Holdings Limited, Mitsuba Corporation, Nidec Corporation, Mabuchi Motor, Maxon Motors, and Assun Motor, among others. These companies have robust R&D capabilities to cater to the global demand. In addition, an extensive supply chain and distribution network help these businesses gain traction in the market.
In April 2023, Honda honored Mitsuba Corporation, a manufacturing company specializing in motors and micromotors, among other parts and components, for excellence in quality and delivery for the year 2022. The company stated that Mitsuba Corporation had been an instrumental supplier in 2022, which helped the auto manufacturer to focus on expanding its manufacturing capacity.
In October 2022, Mabuchi Motor, a micromotor, and small electric motor manufacturing company, announced its strategy to implement a "Five Region Management Structure" for its global expansion while standardizing its manufacturing process. The company aims to expand its manufacturing capacity of micro motors and small electric motors across the ASEAN region.
The market is expected to witness the launch of various advanced brushless DC micromotors with the rapid advancement in technology as the players try to gain a competitive edge in the industry.
Automotive Micro Motor Market Leaders
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Nidec Corporation
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Johnson Electric Holdings Limited
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Mitsuba Corporation
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Buehler Motor Inc.
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Constar Micromotor
*Disclaimer: Major Players sorted in no particular order
