The estimated size of the tire cord market for the year 2023 amounts to approximately US$ 5.75 billion. With a projected compound annual growth rate (CAGR) of 5.5%, the market is expected to attain a value of US$ 9.82 billion by the year 2033. The global tire cord market is a critical segment within the broader automotive industry. Tire cords are essential reinforcements embedded in the structu...
The main motive of commutation is to ensure that the torque which is acting on the armature is always in the same direction. In the armature the voltage generated is alternating in the nature, and it is directly converted to current by the commutator. Basically, the commutator switches the coils on and off to manage the direction of the electromagnetic fields, to point in a particular direction. Automotive Commutator is basically used in DC current machines, generators and in the universal motors. Automotive commutator basically can be categorized on the basis of motor type that is: electric motor commutator, DC motor commutator, auto part commutator, others. It can also be categorized on the basis of its product type: hook type and groove commutator. Additionally on the basis of sales channel. Owing to the above mentioned factors, in the coming years, the Automotive Commutator market is anticipated to witness significant growth.
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Automotive Commutator Market- Market Dynamics
The Automotive Commutator market growth is expected to be driven primarily by automotive OEM production rate in wake of increasing on-road fleet of vehicle classes including passenger cars and commercial vehicles. The aftermarket repair and replacement aspect is also pegged to generate additional demand of automotive Commutators to a fair extent.
The main restraint expected for market growth of Automotive Commutator is owing to moderate rate of automotive production in the present scenario as well as product longevity thereby resulting slow sales movement of new units in OEM and Aftermarket segments. Furthermore, the advent of Electric Vehicles is expected to retard the market growth of automotive Commutator in the forthcoming years. However, an opportunity can be witnessed in form of hybrid fuel and fuel cell vehicles for the market participants to provide customized offerings and strengthen their business footprint.
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Automotive Commutator Market- Segmentation
The global Automotive Commutator Market can be segmented on the basis of product type, motor type, sales channel and shape type.
On the basis of product type, the Automotive Commutators Market is segmented as:
- Hook type
- Groove commutator
On the basis of motor type, the Automotive Commutators Market is segmented as:
- Electric motor commutator
- DC motor commutator
- Auto part commutator
On the basis of sales channel, the Automotive Commutators Market is segmented as:
On the basis of shape type, the Automotive Commutators Market is segmented as:
- Cylindrical type
- Disk type
Automotive Commutators Market: Market Participants
Some of the key market participants in the global of Automotive Commutators Market, identified across the value chain include:
- Shenzhen Kaizhong Precision Technology Co., Ltd.
- SUGIYAMA SEISAKUSHO
- Ningbo Sunico International Ltd.
- Zhejiang Greatwall Commutator Co., Ltd.
- Friedrich Nettelhoff GmbH & Co. KG
- SUZHOU KEGU ELECTRIC APPLIANCE CO., LTD.
- Electric Materials
- TRIS Inc.
- MAM Electric
- TOLEDO COMMUTATOR COMPANY
Automotive Commutators Market: Analystic Perspective
Demand of automotive Commutators is expected to be in the similar lines of fuel operated vehicles market growth rate as the product is directly proportional to the vehicle production rate. With the industry migrating towards energy efficient and economical pricing of vehicle and associated ancillaries, automotive Commutator manufacturers are also expected to adopt to improved prototypes in order to leverage their competitive edge against new vehicle configurations.
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