At about **** percent, General Motors (GM) held a significant portion of the U.S. market in 2024. However, over the course of the last two decades, GM has lost a considerable amount of market share, which stood at about ** percent some 19 years ago. The company General Motors is a multinational company headquartered in Detroit and is ranked among the leading automobile manufacturers worldwide based on revenue. GM has had some variability in the number of cars sold worldwide, with a decline in recent years, especially after selling the Opel and Vauxhall brands to PSA. However, GM's financial statements indicate that there has been a recent increase in income globally, with 2024 having the highest sales revenue. The company's revenue had started to drop significantly in 2019, but by 2023, the company had recovered from the financial impact of the COVID-19 pandemic and supply chain shortages. GM includes many brands such as Chevrolet, Buick, GMC, Cadillac, and several other companies. The global automotive industry The global automotive industry is facing new challenges with the advent of smart technology. The recent decade has seen the greatest production volume of cars and commercial vehicles around the world, but the COVID-19 pandemic and global automotive chip shortage have led to production halts and to a steep decrease in the global automotive output. By 2024, the industry had started to recover from these challenges.

The Industrial Motors Market Report is Segmented by Type of Motor (AC Motors, DC Motors, Servo Motors, PMSM, and EC/BLDC Motors), Voltage (Low, Medium, and High), End User (Oil and Gas, Power Generation, Mining, Water and Wastewater, Chemicals, Discrete Manufacturing, Food and Beverage, and More), and Geography (North America, Europe, Asia Pacific, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

The global industrial motors market size is projected to grow from USD 7.15 billion in 2025 to USD 9.27 billion by 2033, exhibiting a CAGR of 3.3%.
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In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around **** percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer. New trends in the auto industry In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently among those at the vanguard of the trend towards electrification, along with the Chinese car manufacturer BYD. Tesla delivered nearly **** million vehicles in 2024, meaning that Volkswagen Group's sales tally is over **** times as much. The state of the global auto industry Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car sales volume had grown over pre-pandemic levels. China was the largest automobile market based on new passenger car registrations, recording close to **** million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2024.

At around **** percent, General Motors held the largest share of the auto market in the United States in 2024. General Motors remained the most successful automotive manufacturer in the United States. Between 2004 and 2021, however, the manufacturer lost market share, while that of Toyota rose as a result of an increased focus on light truck models in the lineup. This shifted in 2022, but 2023 led to another slight drop in market share of the American automaker. Asian manufacturers dominate non-domestic competition Among the non-domestic manufacturers, Asian automakers proved to be the most successful group. Asian car brands selling vehicles to customers in the United States include Toyota, Honda, Nissan, Hyundai, and Subaru. Toyota was also among the most valuable automotive brands worldwide as of June 2024. Both Toyota and Lexus were among the ten brands with the highest consumer satisfaction in the United States that same year. How many brands do auto manufacturers own? General Motors, Ford, and Toyota are the leading automotive manufacturers based on market share in the United States. The Ford Motor Company mainly sells vehicles under its namesake brand, while the Toyota Motor Corporation offers several brands, including Lexus and Toyota. General Motors sells vehicles under various brands, including Chevrolet, Buick, and GMC. In 2017, GM and PSA Group closed a deal in which the French carmaker acquired GM's Opel and Vauxhall brands.

The Smart Motors Market is estimated to be valued at USD 2.1 billion in 2025 and is projected to reach USD 3.4 billion by 2035, registering a compound annual growth rate (CAGR) of 5.0% over the forecast period.

Global Automotive Hub Motor Market is segmented by motor type (gearless and geared), vehicle type (e-bikes, electric two-wheelers, passenger cars, and commercial vehicles), and geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market size and forecasts for automotive hub motors in value (USD) for all the above segments.

The global industrial motor market was valued at some **** billion U.S. dollars in 2021. It is projected that the market will grow in the coming years, reaching the size of over **** billion U.S. dollars in 2027.

The Smart Motors Market Report is Segmented by Component (Variable Speed Drive, Integrated Motor-Drive, and More), Power Rating (Below 1 KW, 1–10 KW, and More), Communication Protocol (Ethernet/IP, PROFINET, and More), Application (Industrial, Commercial, Automotive, and More), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, South America). The Market Forecasts are Provided in Terms of Value (USD).

Get key insights on Market Research Intellect's Direct Drive Motors Market Report: valued at USD 5.2 billion in 2024, set to grow steadily to USD 9.8 billion by 2033, recording a CAGR of 8.2%.Examine opportunities driven by end-user demand, R&D progress, and competitive strategies.

The North America Smart Motors Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030). Smart motors play a crucial role in industrial automation systems, powering machinery, conveyors, robotic arms, and other equipment essential for manufacturing processes. They pro

Discover Market Research Intellect's Universal Motors Market Report, worth USD 5.1 billion in 2024 and projected to hit USD 7.2 billion by 2033, registering a CAGR of 4.5% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.

In the financial year 2025, Tata Motors dominated the domestic commercial vehicle market across India with a share of around ***percent. In 2024, the company had an overall revenue of around 4.4 trillion Indian rupees. Commercial vehicle sales had been on an inline across the south Asian country for a few years. From mid-2019, however, the automotive industry’s slowdown has affected the sales and production alike. BS VI standardsThe Bharat stage emission standards (BSES) are emission standards that the Indian government regulates to keep the output of air pollutants from combustion and spark ignition engines in check. The Central Pollution Control Board determines the limits and time of implementation of these standards. From April 2020, BS VI norms were estimated to be implemented across the country, as a replacement to the existing BS III standards that were implemented in October 2010. The emission limits for light and heavy commercial vehicles were estimated to be 0.63 and 1.5 grams per kilometer respectively. New modelsCommercial vehicle manufacturers revealed new models complying with the BS VI standards to reinstate a growth in sales volumes. Tata Motors, the leading manufacturer, announced a product offensive for 2020. Similarly, Volvo Eicher Commercial Vehicles also announced a ‘Smart Trucks’ initiative to gain a competitive edge. The emission standards have affected the commercial vehicles market significantly. Manufacturers not only aimed for cleaner vehicles but redesigned their vehicles and vamped up the entire product line, making the outlook for the industry presumably very positive.

Smart Motors Market size is expected to be worth around USD 4.8 Billion by 2034, from USD 2.7 Billion in 2024, at a CAGR of 5.9%.

The electric motor market is projected to grow from USD 150.9 billion in 2025 to USD 285.9 billion by 2035, at a CAGR of 6.6%.

The size of the Industrial Motors Market was valued at USD 21.29 Million in 2023 and is projected to reach USD 29.50 Million by 2032, with an expected CAGR of 4.77% during the forecast period. Recent developments include: May 2023: ABB announced the completion of its acquisition of the Siemens low voltage NEMA motor business. According to the company, the acquisition is part of ABB's Motion business area's growth strategy and strengthens ABB's position among the leading industrial NEMA motor manufacturers., March 2023: Siemens combined its business activities in the areas of low- to high-voltage motors, medium-voltage converters, geared motos, and motor spindles under a new company called "Innomotics." The company announced that Innomotics will start operating as a legally separate company in Germany by July 2023., September 2022: Mitsubishi Electric collaborated with TMEIC to develop an electrical motor design support system. It incorporates Mitsubishi Electric's Maisart AI technology to dampen the time required to produce unique electrical motor designs that achieve the same performance as conventional design methods deployed manually by skilled and highly experienced engineers. TMEIC (Toshiba Mitsubishi-Electric Industrial Systems Corporation) plans to adopt the system for internal operations by 2024. The newly developed system can design electrical motors for industrial pumps, compressors, and fan applications.. Key drivers for this market are: Demand for Energy Efficiency Owing to Government Regulations, Growing Shift towards Smart Motors. Potential restraints include: High Switching Costs May Act as a Restraint. Notable trends are: Low Voltage to Hold Significant Market Share.

The global industrial robotic motors market is estimated to reach USD 2,341.59 million by 2031, growing at a CAGR of 12.22% during the forecast period (2023–2031). Asia-Pacific Dominates the Global Market
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Medium & High Power Motors Market was estimated at USD 5.82 Billion in 2024 and is projected to reach USD 8.34 Billion by 2032 with healthy CAGR of 4.6% from 2025 to 2032.

In 2023, Ford’s U.S. market share was around 13 percent, trailing General Motors and Toyota Motor. As the two largest U.S. manufacturers, Ford and GM are relentless competitors in the global automobile industry.

The global automotive steering motors market size is projected to grow from USD 15.89 billion in 2025 to USD 24.12 billion by 2033, exhibiting a CAGR of 5.35%.
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