Vehicle manufacturers make up the primary buyer group in the automotive motor market, specifying units for new-vehicle assembly lines that range from small permanent-magnet motors for window lifts and seat adjusters to high-torque traction motors that drive electrified powertrains. A smaller pool of aftermarket parts distributors and repair channels buys replacement motors for vehicles already on the road; this channel trails OEM demand in size but grows faster than it.
Contrive Datum Insights sizes the market at USD 24.4 billion in 2025, projects it to USD 26.4 billion in 2026, and carries it to USD 50.7 billion by 2034, a compound annual growth rate of 8.5% through the forecast period. The study, titled "Automotive Market Size, Share & Industry Analysis, By Motor Type, Ev Motor Type, Vehicle Type, Function, Sales Channel, and Regional Forecast, 2026-2034," breaks the total into those five segment axes and frames a bear-to-bull range of USD 44.62 billion to USD 56.78 billion around the 2034 figure.
Spending concentrates in brushless motors and OEM purchasing
OEM buyers accounted for 78% of 2025 revenue, USD 19.03 billion, while the smaller aftermarket line grows faster, at 10.49% a year. On the motor type axis, Brushless Motors carried 47% of 2025 revenue at USD 11.47 billion and holds the largest share through 2034, at 58%. Brushed Motors, the second-largest line at 44% of 2025 revenue, grows at only 3.9% a year. Stepper Motors starts smaller, at 9% of 2025 revenue and USD 2.2 billion, but compounds at 11.98%, the fastest of the three, reaching USD 6.08 billion and a 12% share by 2034.
Among electrified powertrain components, Brushless Motors also led the ev motor type line in 2025, with 34% of revenue at USD 8.3 billion, while Traction Motors grows fastest there, at 13.47%. Internal Combustion Engine vehicles held 58% of 2025 vehicle-type revenue, USD 14.15 billion, even as Battery Electric Vehicles expand at 21.37%, the fastest rate in that segment. Performance Motors led the function category in 2025 with 40% of revenue, USD 9.76 billion.
Asia Pacific buyers generated 46% of global revenue in 2025, USD 11.22 billion, and that share climbs to 49% by 2034 as regional revenue reaches USD 24.84 billion. China alone accounts for USD 5.05 billion of 2025 spending, 20.7% of the global total and the largest single country market in the study. Middle East and Africa stays the smallest region across the forecast period, holding at 4% of revenue in both 2025 and 2034.
The study attributes most of its forecast growth to rising electric vehicle production and wider adoption of traction motors, an effect it rates high, and builds its bear and bull scenarios around how fast that adoption moves: slower battery electric vehicle output and continued pricing pressure on brushless motors and control electronics would leave 2034 revenue at USD 44.62 billion, while faster battery electric vehicle growth and quicker uptake of electric power steering and braking across mid-market vehicles would carry it to USD 56.78 billion. The report covers all five regions with country-level detail, revenue and growth rates for every segment line from 2020 through 2034, and the methodology behind each estimate; it is delivered as a PDF, with a free sample available on request.