Report overview
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 Vehicle Motors, 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 Vehicle Motors. This report contains market size and forecasts of Electric Vehicle Motors in global, including the following market information:
Global Electric Vehicle Motors Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Electric Vehicle Motors Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Electric Vehicle Motors companies in 2022 (%)
The global Electric Vehicle Motors market was valued at US$ 8376 million in 2022 and is projected to reach US$ 10690 million by 2029, at a CAGR of 3.5% 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 Vehicle Motors 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 Vehicle Motors Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Vehicle Motors Market Segment Percentages, by Type, 2022 (%)
Permanent Magnet Synchronous Motor
Asynchronous Motor
Global Electric Vehicle Motors Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Vehicle Motors Market Segment Percentages, by Application, 2022 (%)
Battery Electric Vehicle (BEV)
Plug-In-Hybrid Vehicles (PHEV)
Global Electric Vehicle Motors Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Vehicle Motors 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 Vehicle Motors revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Electric Vehicle Motors revenues share in global market, 2022 (%)
Key companies Electric Vehicle Motors sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Electric Vehicle Motors sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
FUKUTA
BYD
Broad-Ocean Motor
ZF Friedrichshafen AG
Bosch
JJE
JEE
Mitsubishi Motors
Hitachi
UAES
HUAYU Automotive Systems
Magna
Greatland Electrics
Hepu Power
FDM
Zhuhai Enpower
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electric Vehicle Motors, market overview.
Chapter 2: Global Electric Vehicle Motors market size in revenue and volume.
Chapter 3: Detailed analysis of Electric Vehicle Motors 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 Vehicle Motors 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 Vehicle Motors 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.