The Electric Vehicle Traction Motor Market is expected to reach $137.85 billion by 2030, at a CAGR of 25.5% from 2023 to 2030. By volume, this market is projected to reach 412.29 million Units by 2030, at a CAGR of 20.7% from 2023 to 2030. The growth of the global electric vehicle traction motor market is driven by factors such as stringent emission regulations driving the manufacture and sales of hybrid and electric vehicles, the increasing demand for high-performance motor, and favorable government policies and subsidies. Furthermore, the increasing demand for electric vehicles is expected to offer growth opportunities for the stakeholders in this market.
However, the high costs and scarcity of raw materials are expected to restrain the growth of this market. The higher prices of electric vehicles compared to ICE vehicles and motor failure due to overheating can hinder the growth of this market.
Favorable government policies and subsidies are supporting the growth of the EV traction motor market. Government support such as funding for research and development (R&D), expansion of EV charging infrastructure, tax credits, grants, and rebates for manufacturers investing in electric vehicle (EV) production and EV purchases are positively impacting the market’s growth. Some of the government policies and subsidies supporting market growth are as follows:
In July 2022, the Government of Chhattisgarh (India) announced an electric vehicle (EV) policy to help create robust EV charging infrastructure in the Indian state of Chhattisgarh, accelerate the transition from Internal Combustion Engine (ICE) vehicles to electric vehicles, and incentivize EV manufacturing.
Such government support encourages automakers to produce more EVs, driving the demand for EV traction motor. Furthermore, several countries and regions have implemented zero-emission vehicle (ZEV) mandates, requiring automakers to have a certain percentage of electric or hybrid vehicles in their total production and sales. Also, commitments to reducing greenhouse gas emissions and combating climate change compel vehicle manufacturers to develop electric options, boosting the demand for traction motor.
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The Induction Motor Segment to Become the Fastest-growing Segment by 2030
Based on type, the global electric vehicle traction motor market is segmented into permanent magnet synchronous motor, DC brushed motor, DC brushless motor, induction motor, switched reluctance motor, and wound rotor synchronous motor. The induction motor segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the high efficiency, effective speed regulation, and the absence of commutators. Induction motor do not rely on permanent magnets, which can be costly and subject to supply chain constraints. Moreover, their relatively straightforward construction, characterized by fewer moving components, reduces maintenance requirements and enhances durability.
The Less than 100kW Segment to Register Highest Growth Rate During the Forecast Period
Based on power output, the global electric vehicle traction motor market is segmented into less than 100 kW, 100 kW to 250 kW, and more than 250 kW. The less than 100 kW segment is expected to register the highest CAGR during the forecast period. Major players worldwide are launching light EVs, such as e-scooters and two-wheelers, and advancing their existing vehicles' capabilities to cater to consumers' changing demands. For instance, TVS Motor (India) launched the iQube electric scooter in India, equipped with a 4.4 kW electric motor. Such initiatives and developments by major market players are expected to support the growth of this segment.
The Battery Electric Vehicles Segment to Register the Highest Growth Rate During the Forecast Period
Based on propulsion type, the global electric vehicle traction motor market is segmented into hybrid electric vehicles and battery electric vehicles. The battery electric vehicles segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by stringent emission standards, rising demand for increased fuel efficiency, growing demand for zero-emission vehicles, and increasing adoption of battery electric vehicles as private vehicles, autonomous delivery vehicles, industrial vehicles, and public transport.
The Passenger Vehicles Segment to Register the Highest Growth Rate During the Forecast Period
Based on application, the global electric vehicle traction motor market is segmented into passenger vehicles, e-scooters & bikes, heavy commercial vehicles, light commercial vehicles, and two-wheelers. The passenger vehicles segment is expected to register the highest CAGR during the forecast period. Electric passenger vehicles are gaining popularity among consumers. They offer safety, reliability, and comfort due to their low weight and spacious designs. Automobile manufacturers are pooling their R&D resources for designing and developing electric passenger vehicles to reduce emissions, improve design flexibility, achieve higher speed-to-weight ratios, and allow for longer travel ranges on a single charge. Several battery-cell manufacturers for electric vehicles are increasing their passenger vehicle production capacities. Major companies, including Tesla, Inc. (U.S.), MG Motor (U.K.), Tata Motor Limited (India), and Hyundai Motor Company (South Korea), have launched passenger vehicles in the market. Such initiatives have increased the demand for EV traction motor for passenger vehicles, supporting the growth of this segment.
Europe: The Fastest-growing Regional Market in the Global EV Traction Motor Market
Based on geography, the global electric vehicle traction motor market is segmented into Asia–Pacific, Europe, North America, Latin America, and the Middle East & Africa. The market in Europe is expected to register the highest growth rate between 2023 and 2030. Europe has been an early adopter of electric vehicles. According to the European Automobile Manufacturers Association (ACEA) report, in June, new registrations of battery-electric cars in the EU increased by 66.2%, reaching 158,252 units. Battery-electric cars have surged in popularity among new car buyers, surpassing diesel cars as the third most popular choice. Several EU markets have witnessed remarkable double- and even triple-digit percentage growth, with leading countries like the Netherlands (+90.1%), Germany (+64.4%), and France (+52.0%) demonstrating significant increases in adoption.
The European Union aims for a 100% reduction in greenhouse gas emissions by 2035, and the widespread adoption of EVs is seen as a key strategy to achieve this goal. In order to support the transition to electric mobility, governments across the region are offering various incentives and subsidies to encourage consumers, including tax breaks, grants, and free charging. Such initiatives are expected to drive the demand for EV traction motor in the region during the forecast period.
Key Players:
The key players operating in the global electric vehicle traction motor market are Zytek Group Limited (U.K.), ZF Friedrichshafen AG (Germany), YASA Limited (U.K.), Valeo (France), Jing-Jin Electric Technologies Co., Ltd. (China), Parker-Hannifin Corp (U.S.), ABB Ltd (Switzerland), Equipmake Holdings PLC (U.S.), Traktionssysteme Austria GmbH (Austria), Electrodrive Powertrain Solutions Pvt. Ltd.(India), Nidec Corporation (Japan), AMETEK Inc. (U.S.), Toshiba International Corporation (Japan), WEG Equipamentos Elétricos S.A. (Brazil), and Hitachi Astemo Ltd. (Japan).
Scope of the Study:
Electric Vehicle Traction Motor Market Assessment, by Type
Electric Vehicle Traction Motor Market Assessment, by Power Output
Electric Vehicle Traction Motor Market Assessment, by Propulsion Type
Electric Vehicle Traction Motor Market Assessment, by Application
Electric Vehicle Traction Motor Market Assessment, by Geography
Key Questions Answered in the Report:
This report provides insights into the global electric vehicle traction motor market. The market is segmented based on type, power output, propulsion type, application, and geography. The study also evaluates industry competitors and analyses the country-level markets.
The global electric vehicle traction motor market is projected to reach $137.85 billion by 2030, at a CAGR of 25.5% from 2023 to 2030.
Based on type, in 2023, the permanent magnet synchronous motor segment is expected to account for the largest share of the global electric vehicle traction motor market.
Based on power output, in 2023, the less than 100 kW segment is expected to account for the largest share of the global electric vehicle traction motor market.
Based on propulsion type, in 2023, the battery electric vehicle segment is expected to account for the largest share of the global electric vehicle traction motors market.
Based on application, in 2023, the passenger vehicle segment is expected to account for the largest share of the global electric vehicle traction motors market.
The growth of the global electric vehicle traction motor market is driven by factors such as stringent emission regulations driving the manufacture and sales of hybrid and electric vehicles, the increasing demand for high-performance motors, and favorable government policies and subsidies.
Furthermore, the increasing demand for electric vehicles is expected to offer growth opportunities for the stakeholders in this market.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews With Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Type
3.3. Market Analysis, by Power Output
3.4. Market Analysis, by Propulsion Type
3.5. Market Analysis, by Application
3.6. Market Analysis, by Geography
3.7. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Stringent Emission Regulations Driving the Manufacture and Sales of Electric and Hybrid Vehicles
4.2.2. Increasing Demand for High-Performance Motor Supporting Market Growth
4.2.3. Favorable Government Policies and Subsidies Expanding the E-Mobility Ecosystem
4.2.4. High Costs and Scarcity of Raw Materials Hampering EV Manufacturing
4.2.5. Increasing Demand for Electric Vehicles Driving the Adoption of Traction Motor Among Automakers
4.2.6. High Prices Limiting EV Adoption Impacting the Demand for Traction Motor
4.2.7. Motor Failure Due to Overheating Leading to Reliability Concerns Among Customers
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
5. Global Electric Vehicle Traction Motor Market Assessment—by Type
5.1. Overview
5.2. Permanent Magnet Synchronous Motor
5.3. DC Brushed Motor
5.4. DC Brushless Motor
5.4.1. Out-Runner BLDC Motor
5.4.2. In-Runner BLDC Motor
5.5. Induction Motor
5.6. Switched Reluctance Motor
5.7. Wound Rotor Synchronous Motor
6. Global Electric Vehicle Traction Motor Market Assessment—by Power Output
6.1. Overview
6.2. Less Than 100 kW
6.3. 100 kW to 250 kW
6.4. More Than 250 kW
7. Electric Vehicle Traction Motor Market Assessment—by Propulsion Type
7.1. Overview
7.2. Hybrid Electric Vehicles
7.2.1. Pure Hybrid Electric Vehicles
7.2.2. Plug-In Hybrid Electric Vehicles
7.3. Battery Electric Vehicles
8. Electric Vehicle Traction Motor Market Assessment—by Application
8.1. Overview
8.2. Passenger Vehicles
8.3. E-Scooters & Bikes
8.4. Heavy Commercial Vehicles
8.5. Light Commercial Vehicles
8.6. Two-Wheelers
9. Electric Vehicle Traction Motor Market Assessment—by Geography
9.1. Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Norway
9.3.5. Sweden
9.3.6. Netherlands
9.3.7. Italy
9.3.8. Spain
9.3.9. Switzerland
9.3.10. Denmark
9.3.11. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. South Korea
9.4.5. Singapore
9.4.6. Thailand
9.4.7. Rest of Asia-Pacific
9.5. Latin America
9.6. Middle East & Africa
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.2.1. Market Differentiators
10.2.2. Synergy Analysis: Major Deals & Strategic Alliances
10.3. Competitive Dashboard
10.4. Competitive Benchmarking
10.4.1. Industry Leaders
10.4.2. Market Differentiators
10.4.3. Vanguards
10.4.4. Emerging Companies
10.5. Market Ranking by Key Players
10.5.1. Product Portfolio
10.5.2. ABB Ltd. (Switzerland)
10.5.3. Nidec Corporation (Japan)
10.5.4. Ametek, Inc. (Pennsylvania)
10.5.5. Parker-Hannifin Corp (U.S.)
10.5.6. ZF Friedrichshafen AG (Germany)
11. Company Profiles
11.1. Zytek Automotive Ltd (A Subsidiary of Continental AG)
11.1.1. Company Overview
11.1.2. Financial Overview
11.1.3. Product Portfolio
11.2. ZF Friedrichshafen AG
11.2.1. Company Overview
11.2.2. Financial Overview
11.2.3. Product Portfolio
11.2.4. Strategic Developments
11.3. Yasa Limited (A Subsidiary of Mercedes-Benz Group AG)
11.3.1. Company Overview
11.3.2. Financial Overview
11.3.3. Product Portfolio
11.4. Valeo
11.4.1. Company Overview
11.4.2. Financial Overview
11.4.3. Product Portfolio
11.4.4. Strategic Developments
11.5. Jing-Jin Electric Technologies Co., Ltd.
11.5.1. Company Overview
11.5.2. Financial Overview
11.5.3. Product Portfolio
11.6. Parker-Hannifin Corporation
11.6.1. Company Overview
11.6.2. Financial Overview
11.6.3. Product Portfolio
11.7. ABB Ltd
11.7.1. Company Overview
11.7.2. Financial Overview
11.7.3. Product Portfolio
11.7.4. Strategic Development
11.8. Equipmake Holdings Plc
11.8.1. Company Overview
11.8.2. Financial Overview
11.8.3. Product Portfolio
11.8.4. Strategic Development
11.9. Traktionssysteme Austria Gmbh
11.9.1. Company Overview
11.9.2. Product Portfolio
11.10. Electrodrive Powertrain Solutions Pvt. Ltd.
11.10.1. Company Overview
11.10.2. Product Portfolio
11.11. Nidec Corporation
11.11.1. Company Overview
11.11.2. Financial Overview
11.11.3. Product Portfolio
11.11.4. Strategic Developments
11.12. Ametek, Inc.
11.12.1. Company Overview
11.12.2. Financial Overview
11.12.3. Product Portfolio
11.12.4. Strategic Developments
11.13. Toshiba International Corporation
11.13.1. Company Overview
11.13.2. Financial Overview
11.13.3. Product Portfolio
11.14. Weg Equipamentos Elétricos S.A.
11.14.1. Company Overview
11.14.2. Financial Overview
11.14.3. Product Portfolio
11.14.4. Strategic Developments
11.15. Hitachi Astemo, Ltd.
11.15.1. Company Overview
11.15.2. Financial Overview
11.15.3. Product Portfolio
11.15.4. Strategic Developments
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Currency Conversion Rate (2018–2022)
Table 2 Global Electric Vehicle Traction Motor Market Size, by Type, 2021–2030 (USD Million)
Table 3 Global Permanent Magnet Synchronous Motor Market Size, by Country/Region, 2021–2030 (USD Million)
Table 4 Global DC Brushed Motor Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5 Global DC Brushless Motor Market Size, by Type, 2021–2030 (USD Million)
Table 6 Global DC Brushless Motor Market Size, by Country/Region, 2021–2030 (USD Million)
Table 7 Global Out-Runner BLDC Motor Market Size, by Country/Region, 2021–2030 (USD Million)
Table 8 Global In-Runner BLDC Motor Market Size, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Induction Motor Market Size, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Switched Reluctance Motor Market Size, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Wound Rotor Synchronous Motor Market Size, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Electric Vehicle Traction Motor Market Size, by Power Output, 2021–2030 (USD Million)
Table 13 Global Electric Vehicle Traction Motor Market for Less Than 100 kW, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Electric Vehicle Traction Motor Market for 100 kW to 250 kW, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Electric Vehicle Traction Motor Market for More Than 250 kW, by Country/Region, 2021–2030 (USD Million)
Table 16 Global EV Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 17 Global EV Traction Motor Market for Hybrid Electric Vehicles, by Type, 2021–2030 (USD Million)
Table 18 Global EV Traction Motor Market for Hybrid Electric Vehicles, by Country/Region, 2021–2030 (USD Million)
Table 19 Global EV Traction Motor Market for Pure Hybrid Electric Vehicles, by Country/Region, 2021–2030 (USD Million)
Table 20 Global EV Traction Motor Market for Plug-In Hybrid Electric Vehicles, by Country/Region, 2021–2030 (USD Million)
Table 21 Global EV Traction Motor Market for Battery Electric Vehicles, by Country/Region, 2021–2030 (USD Million)
Table 22 Global EV Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 23 Global EV Traction Motor Market, by Application, 2021–2030 (Units)
Table 24 Global EV Traction Motor Market for Passenger Vehicles, by Country/Region, 2021–2030 (USD Million)
Table 25 Global EV Traction Motor Market for Passenger Vehicles, by Country/Region, 2021–2030 (Units)
Table 26 Global EV Traction Motor Market for E-Scooters & Bikes, by Country/Region, 2021–2030 (USD Million)
Table 27 Global EV Traction Motor Market for E-Scooters & Bikes, by Country/Region, 2021–2030 (Units)
Table 28 Global EV Traction Motor Market for Heavy Commercial Vehicles, by Country/Region, 2021–2030 (USD Million)
Table 29 Global EV Traction Motor Market for Heavy Commercial Vehicles, by Country/Region, 2021–2030 (Units)
Table 30 Global EV Traction Motor Market for Light Commercial Vehicles, by Country/Region, 2021–2030 (USD Million)
Table 31 Global EV Traction Motor Market for Light Commercial Vehicles, by Country/Region, 2021–2030 (Units)
Table 32 Global EV Traction Motor Market for Two-Wheelers, by Country/Region, 2021–2030 (USD Million)
Table 33 Global EV Traction Motor Market for Two-Wheelers, by Country/Region, 2021–2030 (Units)
Table 34 Global Electric Vehicle Traction Motor Market, by Country/Region, 2021–2030 (USD Million)
Table 35 North America: Electric Vehicle Traction Motor Market, by Country, 2021–2030 (USD Million)
Table 36 North America: Electric Vehicle Traction Motor Market, by Country, 2021–2030 (Units)
Table 37 North America: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 38 North America: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 39 North America: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 40 North America: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 41 North America: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 42 North America: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 43 North America: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 44 U.S.: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 45 U.S.: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 46 U.S.: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 47 U.S.: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 48 U.S.: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 49 U.S.: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 50 U.S.: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 51 Canada: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 52 Canada: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 53 Canada: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 54 Canada: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 55 Canada: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 56 Canada: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 57 Canada: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 58 Europe: Electric Vehicle Traction Motor Market, by Country/Region, 2021—2030 (USD Million)
Table 59 Europe: Electric Vehicle Traction Motor Market, by Country/Region, 2021—2030 (Units)
Table 60 Europe: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 61 Europe: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 62 Europe: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 63 Europe: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 64 Europe: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 65 Europe: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 66 Europe: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 67 Germany: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 68 Germany: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 69 Germany: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 70 Germany: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 71 Germany: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 72 Germany: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 73 Germany: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 74 France: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 75 France: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 76 France: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 77 France: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 78 France: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 79 France: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 80 France: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 81 U.K.: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 82 U.K.: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 83 U.K.: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 84 U.K.: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 85 U.K.: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 86 U.K.: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 87 U.K.: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 88 Norway: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 89 Norway: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 90 Norway: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 91 Norway: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 92 Norway: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 93 Norway: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 94 Norway: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 95 Sweden: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 96 Sweden: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 97 Sweden: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 98 Sweden: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 99 Sweden: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 100 Sweden: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 101 Sweden: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 102 Netherlands: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 103 Netherlands: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 104 Netherlands: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 105 Netherlands: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 106 Netherlands: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 107 Netherlands: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 108 Netherlands: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 109 Italy: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 110 Italy: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 111 Italy: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 112 Italy: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 113 Italy: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 114 Italy: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 115 Italy: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 116 Spain: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 117 Spain: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 118 Spain: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 119 Spain: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 120 Spain: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 121 Spain: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 122 Spain: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 123 Switzerland: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 124 Switzerland: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 125 Switzerland: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 126 Switzerland: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 127 Switzerland: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 128 Switzerland: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 129 Switzerland: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 130 Denmark: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 131 Denmark: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 132 Denmark: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 133 Denmark: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 134 Denmark: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 135 Denmark: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 136 Denmark: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 137 Rest of Europe: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 138 Rest of Europe: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 139 Rest of Europe: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 140 Rest of Europe: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 141 Rest of Europe: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 142 Rest of Europe: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 143 Rest of Europe: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 144 Asia-Pacific: Electric Vehicle Traction Motor Market, by Country/Region, 2021–2030 (USD Million)
Table 145 Asia-Pacific: Electric Vehicle Traction Motor Market, by Country/Region, 2021–2030 (Units)
Table 146 Asia-Pacific: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 147 Asia-Pacific: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 148 Asia-Pacific: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 149 Asia-Pacific: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 150 Asia-Pacific: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 151 Asia-Pacific: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 152 Asia-Pacific: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 153 China: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 154 China: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 155 China: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 156 China: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 157 China: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 158 China: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 159 China: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 160 India: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 161 India: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 162 India: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 163 India: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 164 India: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 165 India: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 166 India: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 167 Japan: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 168 Japan: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 169 Japan: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 170 Japan: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 171 Japan: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 172 Japan: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 173 Japan: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 174 South Korea: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 175 South Korea: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 176 South Korea: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 177 South Korea: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 178 South Korea: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 179 South Korea: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 180 South Korea: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 181 Singapore: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 182 Singapore: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 183 Singapore: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 184 Singapore: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 185 Singapore: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 186 Singapore: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 187 Singapore: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 188 Thailand: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 189 Thailand: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 190 Thailand: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 191 Thailand: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 192 Thailand: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 193 Thailand: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 194 Thailand: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 195 Rest of Asia-Pacific: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 196 Rest of Asia-Pacific: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 197 Rest of Asia-Pacific: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 198 Rest of Asia-Pacific: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 199 Rest of Asia-Pacific: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 200 Rest of Asia-Pacific: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 201 Rest of Asia-Pacific: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 202 Latin America: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 203 Latin America: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 204 Latin America: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 205 Latin America: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 206 Latin America: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 207 Latin America: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 208 Latin America: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 209 Middle East & Africa: Electric Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 210 Middle East & Africa: Electric Vehicle DC Brushless Motor Market, by Type, 2021–2030 (USD Million)
Table 211 Middle East & Africa: Electric Vehicle Traction Motor Market, by Power Output, 2021–2030 (USD Million)
Table 212 Middle East & Africa: Electric Vehicle Traction Motor Market, by Propulsion Type, 2021–2030 (USD Million)
Table 213 Middle East & Africa: Hybrid Vehicle Traction Motor Market, by Type, 2021–2030 (USD Million)
Table 214 Middle East & Africa: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (USD Million)
Table 215 Middle East & Africa: Electric Vehicle Traction Motor Market, by Application, 2021–2030 (Units)
Table 216 Recent Developments by Major Market Players (2020–2023)
Table 217 Recent Product Launches in the Electric Vehicle Traction Motor Market (2020–2023)
Table 218 Key Synergic Developments in the Electric Vehicle Traction Motor Market (2020–2023)
Table 219 Recent Geographic Expansions in the Electric Vehicle Traction Motor Market (2020–2023)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 In 2023, the Permanent Magnet Synchronous Motor Segment is Expected to Dominate the Global EV Traction Motor Market
Figure 11 In 2023, the Less Than 100 kW Segment is Expected to Dominate the Global EV Traction Motor Market
Figure 12 In 2023, the Battery Electric Vehicles Segment is Expected to Dominate the Global EV Traction Motor Market
Figure 13 In 2023, the Passenger Vehicle Segment is Expected to Dominate the Global EV Traction Motor Market
Figure 14 In 2023, the E-Scooters & Bikes Segment is Expected to Dominate the Global EV Traction Motor Market by Volume
Figure 15 Global EV Traction Motor Market, by Region (2023 Vs. 2030) (Value)
Figure 16 Global EV Traction Motor Market, by Region (2023 Vs. 2030) (Volume)
Figure 17 Impact Analysis of Market Dynamics
Figure 18 Value Chain Analysis
Figure 19 Porter’s Five Forces Analysis
Figure 20 Global Electric Vehicle Traction Motor Market, by Type, 2023 Vs. 2030 (USD Million)
Figure 21 Global Electric Vehicle Traction Motor Market Size, by Power Output, 2023 Vs. 2030 (USD Million)
Figure 22 Global EV Traction Motor Market, by Propulsion Type, 2023 Vs. 2030 (USD Million)
Figure 23 Global EV Traction Motor Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 24 Global EV Traction Motor Market, by Application, 2023 Vs. 2030 (Units)
Figure 25 Global Electric Vehicle Traction Motor Market, by Country/Region, 2023 Vs. 2030 (USD Million)
Figure 26 North America: Electric Vehicle Traction Motor Market Snapshot
Figure 27 Europe: Electric Vehicle Traction Motor Market Snapshot
Figure 28 Asia-Pacific: Electric Vehicle Traction Motor Market Snapshot
Figure 29 Growth Strategies Adopted by Leading Market Players (2020–2023)
Figure 30 Vendor Market Positioning Analysis (2020–2023)
Figure 31 Competitive Dashboard: Electric Vehicle Traction Motor Market
Figure 32 Continental AG: Financial Overview (2022)
Figure 33 ZF Friedrichshafen AG: Financial Overview (2022)
Figure 34 Mercedes-Benz Group AG: Financial Overview (2022)
Figure 35 Valeo: Financial Overview (2022)
Figure 36 Jing-Jin Electric Technologies Co., Ltd.: Financial Overview (2022)
Figure 37 Parker-Hannifin Corporation: Financial Overview (2022)
Figure 38 ABB Ltd: Financial Overview (2022)
Figure 39 Equipmake Holdings Plc: Financial Overview (2021)
Figure 40 Nidec Corporation: Financial Overview (2019–2021)
Figure 41 Ametek Inc.: Financial Overview (2020–2022)
Figure 42 Toshiba Corporation: Financial Overview (2020–2022)
Figure 43 Weg Equipamentos Elétricos S.A.: Financial Overview (2020–2022)
Figure 44 Hitachi Industrial Products, Ltd.: Financial Overview (2019–2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jul-2022
Published Date: Mar-2022
Published Date: Nov-2021
