Kenneth Research published a report on Motors Market which gives detailed analysis of the present market landscape. The report which is evaluated for the forecast period, i.e., 2022-2031, provides an in-depth analysis of the market based on size, volume, latest trends, opportunities and challenges associated.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Motors Market Products.
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According to the data by the International Energy Agency (IEA), 3 million electric cars were sold in 2020, up by 40% from the 2019 sales statistics. With this, the global electric car stock reached 10 million in 2020, including 3.346 million PHEVs and 6.85 million BEVs.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The new report, ‘Motors Market in India’, states that expansion in the Indian power sector will drive the demand for motors in the Indian market. The Indian motors industry is characterized by the presence of a diverse product range and is a highly fragmented market. Key hubs for the production of motors are concentrated in select regions of the country. Domestic demand for motors also varies across regions. Export-Import of motors in terms of volume and value varies across the different motors market segments. Some specific segments of the motors market are witnessing a decline in import dependence while others are primarily import dependent.
The development of the motors market is supported by the rise in infrastructural investments in India. The growth in the industrial sector is also expected to stimulate the domestic demand for motors. Developments in the power sector will enhance the requirement of motors. Robust automotive sector in India will fuel the demand for motors in the domestic market. However, the industry also experience some pain points. Volatile raw materials prices deter the development of the market. Lack of capacity utilization poses significant hindrances to the growth of the industry. Price sensitive consumer base adversely affects market growth. Motors industry in India is witnessing a surge in demand for energy efficient motors. Provision for adequate customer services has emerged as the key focus area for the players operating in the market. The Indian motors industry is a robust market at present and has strong growth potential in the upcoming years.
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Motors Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Playes
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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