A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
This report aims to provide a comprehensive presentation of the global market for EV Traction Motor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding EV Traction Motor. This report contains market size and forecasts of EV Traction Motor in global, including the following market information:
- Global EV Traction Motor Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global EV Traction Motor Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five EV Traction Motor companies in 2022 (%)
The global EV Traction Motor market was valued at US$ 9222.5 million in 2022 and is projected to reach US$ 89160 million by 2029, at a CAGR of 38.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global EV Traction Motor market include Tesla, BYD, Broad-Ocean, etc. The top 3 players occupy about 35% shares of the global market. North America and Japan are main markets, they occupy about 70% of the global market. Permanent Magnet Motor is the main type, with a share about 75%. BEV is the main application, which holds a share about 70%.
We surveyed the EV Traction Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global EV Traction Motor Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global EV Traction Motor Market Segment Percentages, by Type, 2022 (%)
- AC Induction Motor
- Permanent Magnet Motor
Global EV Traction Motor Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global EV Traction Motor Market Segment Percentages, by Application, 2022 (%)
Global EV Traction Motor Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global EV Traction Motor Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies EV Traction Motor revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies EV Traction Motor revenues share in global market, 2022 (%)
- Key companies EV Traction Motor sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies EV Traction Motor sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- BMW
- Tesla
- Broad-Ocean
- BYD
- Nissan
- Continental AG
- Jing-Jin Electric Technologies
- ZF
- Groupe Renault
- Toyota
- Meidensha
- BOSCH
- UAES
- LG
- Dajun Tech
- SIEMENS
- Greatland Electrics
- Hitachi Automotive Systems
- Magna
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of EV Traction Motor, market overview.
- Chapter 2: Global EV Traction Motor market size in revenue and volume.
- Chapter 3: Detailed analysis of EV Traction Motor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of EV Traction Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global EV Traction Motor capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
