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    Electric Vehicle Traction Motors Market

    Electric Vehicle Traction Motors Market Size, Share, Forecast, & Trends Analysis by Type (PMSM, Induction Motor, BLDC), Power Output (Less than 100 kW, 100 kW to 250 kW, More Than 250kW), Propulsion Type, Vehicle Type, and Geography - Global Forecast to 2031

    Report ID:MRAUTO - 104669 Pages: 286 Aug-2024 Formats*: PDF Category: Automotive and Transportation Delivery: 24 to 48 Hours

    The Electric Vehicle Traction Motors Market is expected to reach $173 billion by 2031, at a CAGR of 25.5% from 2024 to 2031. By volume, this market is projected to reach 497.6 million Units by 2031, at a CAGR of 20.7% from 2024 to 2031. 

    Electric Vehicle Traction Motors Market Size & Forecast

    The growth of this market is driven by 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 aimed at promoting the adoption of EVs.

    The increasing demand for electric vehicles is expected to generate growth opportunities for the stakeholders in this market.

    Electric Vehicle Traction Motors Market Growth Drivers

    Stringent Emission Regulations Driving the Manufacturing and Sales of Electric and Hybrid Vehicles

    Stringent regulations for emission control are encouraging OEMs to focus on developing and selling electric and hybrid vehicles. The automotive industry is a major contributor to greenhouse gas emissions and air pollution. Governments worldwide are implementing regulations to reduce carbon emissions and promote cleaner transportation solutions. Non-compliance with emission regulations can lead to significant financial penalties for automakers. Major standards for emission control include the California Air Resources Board (CARB) Low Emission Vehicle (LEV) Program, the European Union’s (EU) Euro Emissions Standards, International Organization for Standardization (ISO) 14950:2018 Emission Control Systems for Road Vehicles, the United Nations Economic Commission for Europe (UNECE) Regulation No. 49 (UN ECE R49), and China VI Emission Standards. These standards help ensure that vehicles meet the emission levels set by governments and regulatory bodies.

    Automotive OEMs are focusing on the development of electric and hybrid vehicles to comply with regulatory requirements. Hybrid and electric vehicles rely on electric traction motors for propulsion, with significantly reduced emissions compared to ICE vehicles. Additionally, increasing awareness regarding climate change and environmental protection is driving the demand for cleaner, more sustainable transportation options, such as electric and hybrid vehicles, contributing to the growth of the EV traction motors market.

    Electric Vehicle Traction Motors Market

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    Favorable Government Policies and Subsidies Aimed at Promoting the Adoption of EVs

    Favorable government policies and subsidies aimed at promoting the adoption of electric vehicles (EVs) are driving the growth of the EV traction motors market. This support includes funding for research and development (R&D), expansion of EV charging infrastructure, tax credits, grants, and rebates for both manufacturers investing in EV production and consumers purchasing EVs.

    Key government policies and subsidies include:

    • In May 2024, the European Council adopted the regulation on CO2 emission standards for heavy-duty vehicles, amending and strengthening the existing EU rules. The new rules introduce a 100% zero-emission target for new urban buses by 2035, with an intermediate target of 90% for this category by 2030.
    • 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.
    • In August 2021, the U.S. Senate passed a USD 1 trillion infrastructure bill, which included substantial investments in electric vehicle infrastructure (including charging stations) and funding for EV manufacturing and research. The bill was aimed at accelerating the transition to EVs and reducing greenhouse gas emissions.
    • In 2021, the U.S. federal government announced tax credits for the purchase of electric vehicles. Also, there were discussions about potentially expanding and extending these tax credits to further incentivize EV adoption.

    Such government support encourages automakers to increase their production of electric vehicles (EVs), thereby driving the demand for EV traction motors. Additionally, various countries and regions have introduced zero-emission vehicle (ZEV) mandates, which require automakers to include a certain percentage of electric or hybrid vehicles in their total production and sales. Commitments to reducing greenhouse gas emissions and combating climate change further compel vehicle manufacturers to develop electric options, boosting the demand for traction motors.

    Electric Vehicle Traction Motors Market Opportunity

    Increasing Demand for Electric Vehicles

    The increasing demand for electric vehicles is expected to create market growth opportunities. EV technologies are evolving with ongoing developments in the automotive sector. Consumers’ increasing preference for shared mobility, the growing adoption of Mobility-as-a-Service (MaaS) solutions, the declining costs of high-capacity batteries, and significant investments by EV manufacturers are driving the adoption of electric mobility in emerging countries. Several companies are focused on developing innovative solutions for electric mobility and charging infrastructure. • In July 2023, ABC Bus Companies, Inc. (U.S.), a leading provider of motorcoach, transit, and specialty passenger transport equipment, and Proterra Inc. (U.S.), a leading innovator in commercial vehicle electrification technology, launched the largest electric motorcoach charging facility in North America. Located on a 3.5-acre campus in Newark, California, the facility is equipped to charge up to 40 electric motorcoaches with 20 dual-cable EV charging dispensers. It can support up to 1.4 megawatts of EV charging power. Thus, the increasing access to charging infrastructure is encouraging more businesses to invest in EVs, boosting the demand for EVs and, consequently, the need for electric traction motors.

    Traction motors are a key component of electric vehicles. EVs use these motors to convert electrical energy into mechanical energy. Electric traction motors are installed in electric vehicles to provide initial propulsion and rotational torque to the vehicle. Advancements in hybrid vehicle technologies have led to a considerable increase in the demand for traction motors. Electric traction motors, such as permanent magnet synchronous motors, are widely used in electric vehicles due to their more compact sizes and lower weight compared to induction motors. Rising awareness about the harmful effects of vehicular emissions is another major factor supporting the growth of the electric traction motors market.

    According to the International Energy Agency, global electric car sales in 2023 were 3.5 million units higher than in 2022, marking a 35% year-on-year increase. Additionally, several countries, including Belgium, Norway, Switzerland, and China, achieved electric bus sales shares exceeding 50% compared to internal combustion engine (ICE) buses in 2023. Moreover, over one-fifth of bus sales in Canada, Chile, Finland, the Netherlands, Poland, Portugal, and Sweden were electric. Globally, nearly 50,000 electric buses were sold in 2023, bringing the total global electric bus stock to approximately 635,000, with China accounting for 90% of these sales. The growing demand for electric buses and vehicles drives the need for a large quantity of high-quality traction motors, thereby supporting the overall demand for electric traction motors.

    Electric Vehicle Traction Motors Market Analysis: Key Findings

    By Type: In 2024, the Permanent Magnet Synchronous Motor Segment to Dominate the Electric Vehicle Traction Motors Market

    Based on type, the global electric vehicle traction motors market is segmented into DC brushed motor, DC brushless motor, induction motor, permanent magnet synchronous motor (PMSM), and switched reluctance motor (SRM). In 2024, the permanent magnet synchronous motor segment is expected to account for the largest share of over 78.0% of the global electric vehicle traction motors market. This segment’s large market share can be attributed to the growing adoption of permanent magnet synchronous motors in electric vehicles due to their benefits, such as high overload capability, efficiency, and compact size. Furthermore, these motors offer high torque even at low speeds, minimal electrical losses, efficient heat dissipation, and low maintenance costs while ensuring high durability and reliability, contributing to their increased adoption.

    However, the induction motor segment is expected to register the highest CAGR of the global electric vehicle traction motors market. This segment’s growth is driven by increasing investments in R&D aimed at improving motor efficiency and performance. Additionally, induction motors have fewer moving parts, which reduces maintenance requirements and enhances durability. Additionally, there is a concerted focus on developing advanced motor control algorithms and integrated power electronics to ensure seamless and efficient operation of induction motors within EVs.

    By Power Output: In 2024, the Less Than 100kW Segment to Dominate the Electric Vehicle Traction Motors Market

    Based on power output, the global electric vehicle traction motors market is segmented into less than 100 kW, 100 kW to 250 kW, and more than 250 kW. In 2024, the less than 100 kW segment is expected to account for the largest share of over 65.0% of the global electric vehicle traction motors market. This segment’s large market share can be attributed to the rising adoption of electric scooters and mopeds, as well as favorable policies, incentives, and subsidies introduced by various governments to promote EV adoption. Moreover, the less than 100 kW segment is projected to register the highest CAGR during the forecast period.

    By Propulsion Type: In 2024, the Battery Electric Vehicles Segment to Dominate the Electric Vehicle Traction Motors Market

    Based on propulsion type, the global EV traction motors market is segmented into hybrid electric vehicles and battery electric vehicles. In 2024, the battery electric vehicles segment is expected to account for the largest share of over 64.0% of the global electric vehicle traction motors market. This segment’s large market share can be attributed to stringent emission standards, increasing demand for fuel efficiency, a rising preference for zero-emission vehicles, and the growing adoption of battery electric vehicles for personal use, autonomous delivery, industrial applications, and public transportation. Moreover, the battery electric vehicles segment is projected to register the highest CAGR during the forecast period.

    By Vehicle Type: In 2024, the Passenger Vehicles Segment to Dominate the Electric Vehicle Traction Motors Market

    Based on vehicle type, the global EV traction motors market is segmented into passenger vehicles, e-scooters & bikes, heavy commercial vehicles, light commercial vehicles, and two-wheelers. In 2024, the passenger vehicles segment is expected to account for the largest share of over 81.0% of the global EV traction motors market. The large market share of this segment is attributed to the increasing need to improve the performance, efficiency, and overall driving experience for passenger vehicles, favorable government policies & subsidies aimed at promoting the adoption of electric passenger cars, proactive participation by automotive OEMs in producing electric passenger vehicles, increasing fuel prices, and growing need to reduce greenhouse gas emissions and air pollution caused by traditional internal combustion engine vehicles. Moreover, the passenger vehicles segment is also expected to register the highest CAGR during the forecast period.

    Geographical Analysis

    In 2024, Asia-Pacific to Dominate the Electric Vehicle Traction Motors Market

    In 2024, the Asia-Pacific region is expected to account for the largest share of over 41.0% of the global EV traction motor market. The increasing adoption of electric vehicles due to the declining cost of EV components, rising environmental concerns, and rapid technological advancements in developing countries propel the demand for EV traction motors in the region. China, Japan, and South Korea are providing subsidies and tax incentives and implementing regulations to support the development and adoption of EVs and reduce greenhouse gas emissions and air pollution.

    However, the market in Europe is projected to register the highest CAGR of 27.3% during the forecast period. The growth of this regional market is attributed to stringent emission regulations by the European Union, government initiatives to expand charging infrastructure and support zero-emission vehicles (ZEVs), and investments by companies in electric vehicle charging stations across the region. Furthermore, the European Union aims for a 100% reduction in greenhouse gas emissions by 2035, with the widespread adoption of electric vehicles (EVs) being a key strategy to achieve this goal. In order to support the transition to electric mobility, governments across the region are providing various incentives and subsidies to encourage consumers, including tax breaks and grants. Such initiatives are anticipated to drive the demand for electric vehicle traction motors in Europe during the forecast period.

    Electric Vehicle Traction Motors Market: Key Companies

    The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios and geographic presence and the key growth strategies adopted by them over the past 3–4 years. Some of the key players operating in the electric vehicle traction motors market are Zytek Automotive Ltd (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 (U.S.), WEG Equipamentos Elétricos S.A. (Brazil), Hitachi Astemo, Ltd. (Japan), Dana Limited (U.S.), Robert Bosch GmbH (Germany), BorgWarner Inc. (U.S.), and Shanghai Edrive Co. Ltd. (China).

    Electric Vehicle Traction Motor Industry Overview: Latest Developments from Key Industry Players

    • In May 2023, ZF Friedrichshafen AG (Germany) launched AxTrax 2, a next-generation e-powertrain system for commercial vehicles, to enable the electrification of all types of commercial vehicles.

    • In June 2022, Valeo (France) signed an agreement with Honda Power Pack Energy India Private Limited (India), the swappable battery service provider, and Atul Green Automotive Private Limited (India), the electric three-wheeler manufacturer, to provide the electric powertrains and powertrain control unit for Atul's electric three-wheelers to work with Honda’s swappable battery solution.

    Electric Vehicle Traction Motors Market Research Summary

    Particulars

    Details

    Number of Pages

    286

    Format

    PDF

    Forecast Period

    2024–2031

    Base Year

    2023

    CAGR (Value)

    25.5%

    Market Size (Value)

    USD 173 Billion by 2031

    CAGR (Volume)

    20.7%

    Market Size (Volume)

    497.6 Million Units by 2031

    Segments Covered

    By Type

    • Permanent Magnet Synchronous Motor
    • Switched Reluctance Motor
    • Induction Motor
    • Wound Rotor Synchronous Motor
    • DC Brushless Motor
      • Out-runner BLDC Motor
      • In-runner BLDC Motor
    • DC Brushed Motor

    By Power Output

    • Less than 100 kW
    • 100 kW to 250 kW
    • More than 250 kW

    By Propulsion Type

    • Hybrid Electric Vehicles
      • Pure Hybrid Electric Vehicles
      • Plug-in Hybrid Electric Vehicles
    • Battery Electric Vehicles     

    By Vehicle Type

    • Passenger Vehicles
    • E-Scooters & Bikes
    • Heavy Commercial Vehicles
    • Light Commercial Vehicles
    • Two-wheelers

    Countries Covered

    Europe (Germany, France, U.K., Norway, Sweden, Netherlands, Italy, Spain, Switzerland, Denmark, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Thailand, Rest of Asia-Pacific), North America (U.S., Canada), Latin America, and the Middle East & Africa

    Key Companies

    Zytek Automotive Ltd (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 (U.S.), WEG Equipamentos Elétricos S.A. (Brazil), Hitachi Astemo, Ltd. (Japan), Dana Limited (U.S.), Robert Bosch GmbH (Germany), BorgWarner Inc. (U.S.), and Shanghai Edrive Co. Ltd. (China).

    Key questions answered in the electric vehicle traction motors market report:

    This study focuses on market assessment and opportunity analysis by analyzing the sales of electric vehicle traction motors across various regions and countries. This study also offers a competitive analysis of the electric vehicle traction motor market based on an extensive assessment of the leading players' product portfolios, geographic presence, and key growth strategies.

    The Electric Vehicle Traction Motors Market is expected to reach $173 billion by 2031, at a CAGR of 25.5% from 2024 to 2031. By volume, this market is projected to reach 497.6 million Units by 2031, at a CAGR of 20.7% from 2024 to 2031.

    In 2024, the permanent magnet synchronous motor segment is expected to hold the largest share of the electric vehicle traction motors market.

    The passenger Vehicles segment is expected to register the highest CAGR during the forecast period.

    The growth of this market is driven by stringent emission regulations that drive the production and sales of hybrid and electric vehicles, a rising demand for high-performance motors, and supportive government policies and subsidies to encourage EV adoption. Furthermore, the growing demand for electric vehicles is anticipated to create significant growth opportunities for market stakeholders.

    Key players operating in the electric vehicle traction motors market are Zytek Automotive Ltd (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 (U.S.), WEG Equipamentos Elétricos S.A. (Brazil), Hitachi Astemo, Ltd. (Japan), Dana Limited (U.S.), Robert Bosch GmbH (Germany), BorgWarner Inc. (U.S.), and Shanghai Edrive Co. Ltd. (China).

    The market in Europe is projected to record the highest CAGR during the forecast period, consequently offering significant growth opportunities for companies operating in this market.

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    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 Vehicle Type
       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 Motors 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 Motors Among Automakers
          4.2.6.  High Prices Limiting EV Adoption Impacting The Demand for Traction Motors
          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 Motors Market Assessment—by Type
       5.1.  Overview
       5.2.  Permanent Magnet Synchronous Motors
       5.3.  DC Brushed Motors
       5.4.  DC Brushless Motors
          5.4.1.  Out-runner BLDC Motors
          5.4.2.  In-runner BLDC Motor
       5.5.  Induction Motors
       5.6.  Switched Reluctance Motors
       5.7.  Wound Rotor Synchronous Motor

    6.  Global Electric Vehicle Traction Motors 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 Motors 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 Motors Market Assessment—by Vehicle Type
       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 Motors 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
        10.3.  Competitive Benchmarking
        10.4.  Competitive Dashboard
           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

    11.  Company Profiles
        11.1.  Zytek Automotive Ltd (A Subsidiary of Continental AG)
        11.2.  ZF Friedrichshafen AG
        11.3.  YASA Limited (A Subsidiary of Mercedes-Benz Group AG)
        11.4.  Valeo
        11.5.  Jing-Jin Electric Technologies Co., Ltd.
        11.6.  Parker-Hannifin Corporation
        11.7.  ABB Ltd
        11.8.  Equipmake Holdings PLC
        11.9.  Traktionssysteme Austria GmbH
        11.10.  Electrodrive Powertrain Solutions Pvt.  Ltd.
        11.11.  Nidec Corporation
        11.12.  AMETEK, Inc.
        11.13.  Toshiba International Corporation
        11.14.  WEG S.A.
        11.15.  Hitachi Astemo, Ltd.
        11.16.  Dana Limited
        11.17.  Robert Bosch GmbH
        11.18.  Borgwarner Inc.
        11.19.  Shanghai Edrive Co.  Ltd.

    12.  Appendix
        12.1.  Available Customization
        12.2.  Related Reports
     

    List of Tables
    Table 1 Currency Conversion Rate (2019–2023)
    Table 2 Global Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 3 Global Permanent Magnet Synchronous Motor Market, by Country/Region, 2022–2031 (USD Million)
    Table 4 Global DC Brushed Motors Market, by Country/Region, 2022–2031 (USD Million)
    Table 5 Global DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 6 Global DC Brushless Motors Market, by Country/Region, 2022–2031 (USD Million)
    Table 7 Global Out-runner BLDC Motors Market, by Country/Region, 2022–2031 (USD Million)
    Table 8 Global In-runner BLDC Motors Market, by Country/Region, 2022–2031 (USD Million)
    Table 9 Global Induction Motors Market, by Country/Region, 2022–2031 (USD Million)
    Table 10 Global Switched Reluctance Motors Market, by Country/Region, 2022–2031 (USD Million)
    Table 11 Global Wound Rotor Synchronous Motor Market, by Country/Region, 2022–2031 (USD Million)
    Table 12 Global Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 13 Global Electric Vehicle Traction Motors Market for Less than 100 kW, by Country/Region, 2022–2031 (USD Million)
    Table 14 Global Electric Vehicle Traction Motors Market for 100 kW to 250 kW, by Country/Region, 2022–2031 (USD Million)
    Table 15 Global Electric Vehicle Traction Motors Market for More than 250 kW, by Country/Region, 2022–2031 (USD Million)
    Table 16 Global Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 17 Global Electric Vehicle Traction Motors Market for Hybrid Electric Vehicles, by Type, 2022–2031 (USD Million)
    Table 18 Global Electric Vehicle Traction Motors Market for Hybrid Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
    Table 19 Global Electric Vehicle Traction Motors Market for Pure Hybrid Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
    Table 20 Global Electric Vehicle Traction Motors Market for Plug-in Hybrid Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
    Table 21 Global Electric Vehicle Traction Motors Market for Battery Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
    Table 22 Global Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 23 Global Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 24 Global Electric Vehicle Traction Motors Market for Passenger Vehicles, by Country/Region, 2022–2031 (USD Million)
    Table 25 Global Electric Vehicle Traction Motors Market for Passenger Vehicles, by Country/Region, 2022–2031 (Units)
    Table 26 Global Electric Vehicle Traction Motors Market for E-scooters & Bikes, by Country/Region, 2022–2031 (USD Million)
    Table 27 Global Electric Vehicle Traction Motors Market for E-scooters & Bikes, by Country/Region, 2022–2031 (Units)
    Table 28 Global Electric Vehicle Traction Motors Market for Heavy Commercial Vehicles, by Country/Region, 2022–2031 (USD Million)
    Table 29 Global Electric Vehicle Traction Motors Market for Heavy Commercial Vehicles, by Country/Region, 2022–2031 (Units)
    Table 30 Global Electric Vehicle Traction Motors Market for Light Commercial Vehicles, by Country/Region, 2022–2031 (USD Million)
    Table 31 Global Electric Vehicle Traction Motors Market for Light Commercial Vehicles, by Country/Region, 2022–2031 (Units)
    Table 32 Global Electric Vehicle Traction Motors Market for Two-wheelers, by Country/Region, 2022–2031 (USD Million)
    Table 33 Global Electric Vehicle Traction Motors Market for Two-wheelers, by Country/Region, 2022–2031 (Units)
    Table 34 Global Electric Vehicle Traction Motors Market, by Country/Region, 2022–2031 (USD Million)
    Table 35 North America: Electric Vehicle Traction Motors Market, by Country, 2022–2031 (USD Million)
    Table 36 North America: Electric Vehicle Traction Motors Market, by Country, 2022–2031 (Units)
    Table 37 North America: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 38 North America: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 39 North America: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 40 North America: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 41 North America: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 42 North America: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 43 North America: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 44 U.S.: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 45 U.S.: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 46 U.S.: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 47 U.S.: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 48 U.S.: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 49 U.S.: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 50 U.S.: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 51 Canada: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 52 Canada: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 53 Canada: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 54 Canada: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 55 Canada: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 56 Canada: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 57 Canada: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 58 Europe: Electric Vehicle Traction Motors Market, by Country/Region, 2022—2031 (USD Million)
    Table 59 Europe: Electric Vehicle Traction Motors Market, by Country/Region, 2022—2031 (Units)
    Table 60 Europe: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 61 Europe: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 62 Europe: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 63 Europe: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 64 Europe: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 65 Europe: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 66 Europe: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 67 Germany: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 68 Germany: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 69 Germany: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 70 Germany: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 71 Germany: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 72 Germany: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 73 Germany: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 74 France: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 75 France: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 76 France: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 77 France: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 78 France: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 79 France: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 80 France: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 81 U.K.: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 82 U.K.: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 83 U.K.: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 84 U.K.: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 85 U.K.: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 86 U.K.: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 87 U.K.: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 88 Norway: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 89 Norway: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 90 Norway: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 91 Norway: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 92 Norway: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 93 Norway: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 94 Norway: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 95 Sweden: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 96 Sweden: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 97 Sweden: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 98 Sweden: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 99 Sweden: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 100 Sweden: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 101 Sweden: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 102 Netherlands: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 103 Netherlands: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 104 Netherlands: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 105 Netherlands: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 106 Netherlands: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 107 Netherlands: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 108 Netherlands: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 109 Italy: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 110 Italy: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 111 Italy: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 112 Italy: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 113 Italy: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 114 Italy: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 115 Italy: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 116 Spain: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 117 Spain: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 118 Spain: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 119 Spain: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 120 Spain: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 121 Spain: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 122 Spain: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 123 Switzerland: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 124 Switzerland: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 125 Switzerland: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 126 Switzerland: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 127 Switzerland: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 128 Switzerland: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 129 Switzerland: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 130 Denmark: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 131 Denmark: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 132 Denmark: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 133 Denmark: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 134 Denmark: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 135 Denmark: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 136 Denmark: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 137 Rest of Europe: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 138 Rest of Europe: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 139 Rest of Europe: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 140 Rest of Europe: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 141 Rest of Europe: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 142 Rest of Europe: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 143 Rest of Europe: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 144 Asia-Pacific: Electric Vehicle Traction Motors Market, by Country, 2022–2031 (USD Million)
    Table 145 Asia-Pacific: Electric Vehicle Traction Motors Market, by Country, 2022–2031 (Units)
    Table 146 Asia-Pacific: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 147 Asia-Pacific: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 148 Asia-Pacific: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 149 Asia-Pacific: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 150 Asia-Pacific: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 151 Asia-Pacific: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 152 Asia-Pacific: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 153 China: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 154 China: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 155 China: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 156 China: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 157 China: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 158 China: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 159 China: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 160 India: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 161 India: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 162 India: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 163 India: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 164 India: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 165 India: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 166 India: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 167 Japan: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 168 Japan: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 169 Japan: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 170 Japan: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 171 Japan: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 172 Japan: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 173 Japan: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 174 South Korea: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 175 South Korea: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 176 South Korea: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 177 South Korea: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 178 South Korea: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 179 South Korea: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 180 South Korea: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 181 Singapore: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 182 Singapore: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 183 Singapore: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 184 Singapore: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 185 Singapore: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 186 Singapore: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 187 Singapore: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 188 Thailand: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 189 Thailand: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 190 Thailand: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 191 Thailand: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 192 Thailand: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 193 Thailand: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 194 Thailand: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 195 Rest of Asia-Pacific: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 196 Rest of Asia-Pacific: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 197 Rest of Asia-Pacific: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 198 Rest of Asia-Pacific: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 199 Rest of Asia-Pacific: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 200 Rest of Asia-Pacific: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 201 Rest of Asia-Pacific: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 202 Latin America: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 203 Latin America: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 204 Latin America: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 205 Latin America: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 206 Latin America: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 207 Latin America: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 208 Latin America: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 209 Middle East & Africa: Electric Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 210 Middle East & Africa: Electric Vehicle DC Brushless Motors Market, by Type, 2022–2031 (USD Million)
    Table 211 Middle East & Africa: Electric Vehicle Traction Motors Market, by Power Output, 2022–2031 (USD Million)
    Table 212 Middle East & Africa: Electric Vehicle Traction Motors Market, by Propulsion Type, 2022–2031 (USD Million)
    Table 213 Middle East & Africa: Hybrid Vehicle Traction Motors Market, by Type, 2022–2031 (USD Million)
    Table 214 Middle East & Africa: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (USD Million)
    Table 215 Middle East & Africa: Electric Vehicle Traction Motors Market, by Vehicle Type, 2022–2031 (Units)
    Table 216 Recent Developments by Major Market Players (2021–2024)

    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 Electric Vehicle Traction Motor Market, by Type, 2024 VS. 2031 (USD Million)
    Figure 11 Electric Vehicle Traction Motor Market, by Power Output, 2024 VS. 2031 (USD Million)
    Figure 12Electric Vehicle Traction Motor Market, by Propulsion Type, 2024 VS. 2031 (USD Million)
    Figure 13Electric Vehicle Traction Motor Market, by Vehicle Type, 2024 VS. 2031 (USD Million)
    Figure 14Electric Vehicle Traction Motor Market, by Vehicle Type, 2024 VS. 2031 (Units)
    Figure 15Electric Vehicle Traction Motor Market, by Region, 2024 VS. 2031 (USD Million)
    Figure 16Electric Vehicle Traction Motor Market, by Region, 2024 VS. 2031 (Units)
    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 Motors Market, by Type, 2024 VS. 2031 (USD Million)
    Figure 21 Global Electric Vehicle Traction Motors Market, by Power Output, 2024 VS. 2031 (USD Million)
    Figure 22 Global Electric Vehicle Traction Motors Market, by Propulsion Type, 2024 VS. 2031 (USD Million)
    Figure 23 Global Electric Vehicle Traction Motors Market, by Vehicle Type, 2024 VS. 2031 (USD Million)
    Figure 24 Global Electric Vehicle Traction Motors Market, by Vehicle Type, 2024 VS. 2031 (Units)
    Figure 25 Electric Vehicle Traction Motors Market, by Country/Region, 2024 VS. 2031 (USD Million)
    Figure 26 North America: Electric Vehicle Traction Motors Market Snapshot
    Figure 27 Europe: Electric Vehicle Traction Motors Market Snapshot
    Figure 28 Asia-Pacific: Electric Vehicle Traction Motors Market Snapshot
    Figure 29 Growth Strategies Adopted by Leading Market Players (2021–2024)
    Figure 30 Vendor Market Positioning Analysis (2021–2024)
    Figure 31 Competitive Dashboard: Electric Vehicle Traction Motors Market
    Figure 32 Continental AG: Financial Overview
    Figure 33 ZF Friedrichshafen AG: Financial Overview
    Figure 34 Mercedes-Benz Group AG: Financial Overview
    Figure 35 Valeo: Financial Overview
    Figure 36 Jing-Jin Electric Technologies Co., Ltd.: Financial Overview
    Figure 37 Parker-Hannifin Corporation: Financial Overview
    Figure 38 ABB Ltd: Financial Overview 
    Figure 39 Equipmake Holdings PLC: Financial Overview
    Figure 40 Nidec Corporation: Financial Overview 
    Figure 41 AMETEK Inc.: Financial Overview
    Figure 42 Toshiba Corporation: Financial Overview 
    Figure 43 WEG S.A.: Financial Overview 
    Figure 44 Hitachi Industrial Products, Ltd.: Financial Overview
    Figure 45 Dana Limited: Financial Overview 
    Figure 46 Robert Bosch GmbH: Financial Overview
    Figure 47 Borgwarner, Inc.: Financial Overview 

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