The motor is one of the three core systems of electric vehicles. It is the main drive system for vehicle driving. Its characteristics determine the main performance indicators of the vehicle and directly affect the vehicle's dynamics, economy, and user driving experience. An electric vehicle drive motor is an electrical device that converts electrical energy into mechanical energy to provide driving force for vehicle driving. The device can also have the function of converting mechanical energy into electrical energy.
This report aims to provide a comprehensive presentation of the global market for Electric Motors for Vehicles, 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 Electric Motors for Vehicles. This report contains market size and forecasts of Electric Motors for Vehicles in global, including the following market information:
Global Electric Motors for Vehicles Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Electric Motors for Vehicles Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Electric Motors for Vehicles companies in 2022 (%)
The global Electric Motors for Vehicles market was valued at US$ 8376 million in 2022 and is projected to reach US$ 50570 million by 2029, at a CAGR of 29.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global electric motors for vehicles companies include Tesla, Volkswagen, BYD, ZF and Bosch, etc. Global top 3 companies hold a share over 46%. Europe is the largest market, with a share about 47%.
We surveyed the Electric Motors for Vehicles 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 Electric Motors for Vehicles Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Motors for Vehicles Market Segment Percentages, by Type, 2022 (%)
- Permanent Magnet Synchronous Motor
- Asynchronous Motor
Global Electric Motors for Vehicles Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Motors for Vehicles Market Segment Percentages, by Application, 2022 (%)
- Battery Electric Vehicle (BEV)
- Plug-In-Hybrid Vehicles (PHEV)
Global Electric Motors for Vehicles Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Motors for Vehicles 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 Electric Motors for Vehicles revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Electric Motors for Vehicles revenues share in global market, 2022 (%)
- Key companies Electric Motors for Vehicles sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Electric Motors for Vehicles sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Tesla
- Volkswagen
- BYD
- ZF
- Bosch
- Hasco
- Broad-Ocean Motor
- Mitsubishi
- XPT
- Nidec
- Zhejiang Founder
- Magna
- JJE
- Hitachi
- Shuanglin
- Chery New Energy
- JEE
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Electric Motors for Vehicles, market overview.
- Chapter 2: Global Electric Motors for Vehicles market size in revenue and volume.
- Chapter 3: Detailed analysis of Electric Motors for Vehicles 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 Electric Motors for Vehicles 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 Electric Motors for Vehicles 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.
