Electric Vehicle Traction Motor Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: May 5, 2020 |


The global electric vehicle traction motor market size was accounted at 2 billion in 2018 and expected to register a significant CAGR of 42% over the forecast period by 2027. Rising energy security and environmental concerns have fueled the automotive business with the development of future technologies, digitalization, rapid advancement in powertrain electrification, and the ever-increasing user expectation. In addition, stringent environmental regulation and emission norms are increasing the demand for electric vehicles.

The market is segmented on the basis of vehicle type, motor type, end-use, and region. On the basis of vehicle type, the market is classified into BEV, PHEV, and FCEV. In 2019, the battery electric vehicle segment held the largest share of electric vehicle traction motor market with more than 70% of market share and expected to grow at the same trend over the forecast period due to positive change in customers' perception towards zero-emission vehicles. By motor type, the permanent magnet synchronous motor segment dominated the market in 2019 and expected to grow at the highest CAGR during the forecast period.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of electric vehicle traction motor industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

  • 2018 - Historical Year for electric vehicle traction motor Market
  • 2019 - Base Year for electric vehicle traction motor Market
  • 2020-2027 - Forecast Period for electric vehicle traction motor Market

The electric vehicle traction motor market report offers a primary overview of the electric vehicle traction motor industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the electric vehicle traction motor industry.

Electric Vehicle Traction Motor Market Segmentation:

By Vehicle Type:

By Motor:

  • Permanent Magnet Synchronous Motor
  • Induction/Asynchronous Motor
  • Switched Reluctance Motor

By End-Use:

List of Key Companies:

  • Parker-Hannifin Corp.
  • ABB Limited
  • SKF AB
  • Continental AG
  • Robert Bosch GMBH
  • ZF Friedrichshafen AG
  • EMWorks Inc.

Electric Vehicle Traction Motor Market Report Scope

This report provides an investigative analysis of the electric vehicle traction motor market encapsulated in detailed sections such as

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Geographic Coverage

Geographically, the electric vehicle traction motor Market report comprises dedicated sections centering on the regional market revenue and trends. The electric vehicle traction motor market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The electric vehicle traction motor market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. electric vehicle traction motor Market estimates have also been provided for the historical years 2017 & 2018 along with forecast for the period from 2018 - 2027.

  • North America electric vehicle traction motor Market Revenue and Forecast
  • Europe electric vehicle traction motor Market Revenue and Forecast
  • Asia Pacific electric vehicle traction motor Market Revenue and Forecast
  • Latin America electric vehicle traction motor Market Revenue and Forecast
  • Middle East and Africa electric vehicle traction motor Market Revenue and Forecast

Key Questions Answered by Electric Vehicle Traction Motor Market Report

  • Market size and forecast of the electric vehicle traction motor market for the period from 2018 to 2027
  • Compounded annual growth rate (CAGR%) for individual segments in various regional markets through 2025
  • Value chain analysis
  • Market share analysis combined with competitive landscape of key players
  • Profiles of key market players covering overall business operations, geographic presence, product portfolio, financial status and news coverage

(Reports will be updated due to COVID-19 impacts on the market)

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