Global Electric Vehicle Traction Motor Market Report 2024

Electric Vehicle Traction Motor Global Market Report 2024 – By Motor Type (Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)), By Voltage Ratings (High Voltage EV Traction Motors, Low Voltage EV Traction Motors), By Vehicle Type (Hybrid Vehicles, Battery Electric Vehicles, Fuel Cell Electric Vehicles), By Application (Railways, Passenger And Commercial Vehicles, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Electric Vehicle Traction Motor Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Electric Vehicle Traction Motor Market Definition And Segments

An electric vehicle traction motor refers to the motor that turns the wheels of a vehicle. Some vehicles use motor generators for both driving and regeneration. It is used for converting electrical energy to mechanical energy in a method that propels the vehicle beyond aerodynamic drag, rolling resistance drag, and kinetic resistance is the motor that powers the vehicle's wheels.

The main motor types of electric vehicle traction motors are permanent-magnet synchronous EV traction motors (PSM) and asynchronous EV traction motors (ASM). Permanent magnet synchronous EV traction motors can deliver excellent torque-to-current ratios, power-to-weight ratios, efficiency, and robustness. PSMs are widely employed in modern variable-speed AC drives. The voltage ratings of electric vehicle traction motors include high-voltage EV traction motors and low-voltage EV traction motors. The vehicle types that adopt electric vehicle traction motors include hybrid vehicles, battery electric vehicles, and fuel-cell electric vehicles. The various applications of electric vehicle traction motors include railways, passenger and commercial vehicles, and others.

The electric vehicle traction motor market covered in this report is segmented –

1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)

2) By Voltage Ratings: High Voltage EV Traction Motors, Low Voltage EV Traction Motors

3) By Vehicle Type: Hybrid Vehicles, Battery Electric Vehicles, Fuel Cell Electric Vehicles

4) By Application: Railways, Passenger And Commercial Vehicles, Other Applications

The electric vehicle traction motor market size has grown exponentially in recent years. It will grow from $8.91 billion in 2023 to $12.78 billion in 2024 at a compound annual growth rate (CAGR) of 43.5%. The growth in the historic period can be attributed to increased sales of hybrid electric vehicles (HEVs), a rise in disposable income, a rise in focus on electric vehicles, and a surge in urbanization.

The electric vehicle traction motor market size is expected to see exponential growth in the next few years. It will grow to $50.65 billion in 2028 at a compound annual growth rate (CAGR) of 41.1%. The growth in the forecast period can be attributed to the expansion of railway networks, strict environmental regulations and emission requirements, and an increasing demand for energy-efficient motors. Major trends in the forecast period include a focus on sustainability of the entire EV (electric vehicle) supply chain, including the production and disposal of EV traction motors, adoption of rare-earth-free motors, partnerships and collaborations, new and innovative motor designs and technologies, and increasing investments to improve financial strength and product portfolio.

Surging Sales Of Hybrid Electric Vehicles Drive Growth In The Electric Vehicle Traction Motor Market

Increased sales of hybrid electric vehicles are expected to propel the growth of the electric vehicle traction motor market. A hybrid electric vehicle is a hybrid vehicle that combines an internal combustion engine and an electric propulsion system. The rapid growth in sales of hybrid electric vehicles is expected to boost the utilization of traction motors, as they are essential components in hybrid and electric vehicles. For instance, in February 2022, according to the U.S. electric vehicle market, 59,664 hybrid vehicles were sold (up 10.2% from February 2021), with 15,763 cars and 43,801 light trucks. In February, Toyota had a 63.7% share of total hybrid sales. Prius (Prius and Prius C combined) sold 3.9% of hybrid vehicles. Therefore, the growing sales of hybrid electric vehicles are expected to boost demand for electric vehicle traction motors during the forecast period.

Stringent Environmental Regulations Propel Growth In The Electric Vehicle Traction Motor Market

Strict environmental regulations and emission requirements are expected to drive the growth of the electric vehicle traction motor market. As governments around the world strive to reduce emissions and combat climate change, they are implementing regulations that require automakers to produce vehicles with lower emissions. Electric vehicles, which produce zero tailpipe emissions, are becoming increasingly popular due to these regulations. The traction motor is a critical component of the electric vehicle, and as demand for electric vehicles increases, so does the demand for electric vehicle traction motors. For example, in 2022, the Environmental Protection Agency (EPA), a US-based independent executive agency authorized with environmental protection matters, approved the guidelines for new vehicle emissions through 2026. The new regulations will result in 3.1 billion tons of reduced CO2 emissions by 2050. Additionally, the US government wants 50% of all new vehicles produced in 2030 to be electric or plug-in hybrid versions. Therefore, the increasing environmental regulations and stricter emission requirements will drive the demand for electric vehicles and the components that power them, including electric vehicle traction motors.

Major companies operating in the electric vehicle traction motor market report are Siemens, ABB Limited, Hitachi Ltd., CRRC Corporation Limited, AB SKF, Robert Bosch GMBH, Mitsubishi Motors Corporation, Parker-Hannifin Corp, Bharat Heavy Electricals Ltd., Nidec Corporation, Kawasaki Heavy Industries Ltd., Ametek Inc., Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd., Toshiba Corporation, Alstom Logo, EUROLOOP Ltd., Born Electric, GarageStore, Continental AG, Ford Motor Company, Fiat Chrysler Automobiles, Nissan, Rivian Automotive, VIA Motors, Chevrolet, Lucid, WEG, Eberle Motors, Voges Motors, Nova Motors, Cestari Industrial e Commercial S.A, Tintori Motores Elétricos, Motomil Motores Elétricos, Taizhou Dongchun Motor Co. Ltd., Iconiq Motors, One Moto, MG Motor, M Glory Holding Group, General Electric, wattEV2buy, Solzen Hunters, Malesedi Energy Solutions, Forever Powered, Zimi Charge

Advancements In Technology Drive Innovation In The Electric Vehicle Traction Motor Market

Technological advancement is a key trend gaining popularity in the electric vehicle traction motor market. Many companies operating in electric vehicle traction motors are developing new products or new technologies to strengthen their position in the electric vehicle traction motor market. For instance, in August 2021, Nidec developed E-Axle, an EV traction motor system that incorporates three components: a motor, an inverter, and a reducer, and may be mounted in a vehicle, doing everything from generating rotating torque from the drive shaft attached to the tires to move the vehicle when powered by electricity. To achieve high productivity and wire-winding performance, Nidec implemented a new cassette inserter method. In addition, Nidec's E-Axle was given a new cooling mechanism.

Surge In Popularity Of Rare-Earth-Free Motors Shapes The Electric Vehicle Traction Motor Market

The rise in the adoption of rare-earth-free motors is gaining popularity in the electric vehicle traction motor market. Rare-earth-free motors are electric motors that do not rely on rare-earth metals for their operation. Rare-earth metals such as neodymium and dysprosium are commonly used to produce permanent magnets, which are a key component of many electric vehicle traction motors. There is a growing trend towards rare-earth-free EV traction motors, as the supply of rare-earth metals can be volatile and subject to geopolitical factors. Manufacturers are exploring alternative materials and designs to reduce their reliance on rare-earth metals. For example, in July 2022, MAHLE, a Germany-based automotive parts manufacturer, launched a high-performance electric vehicle traction motor with a novel cooling technique. The new electric motor will be manufactured without the use of rare earth elements and is extremely clean, light, and efficient.

Turntide Technologies Expands Portfolio And Sustainability Efforts With AVID Technology Acquisition

In June 2021, Turntide Technologies, a US-based company that makes intelligent, sustainable motor systems, acquired AVID Technology Limited for an undisclosed amount. This acquisition aids Turntide's efforts to decarbonize the transportation industry by providing a high-performance alternative to the usage of rare earth magnets in electric vehicles. AVID Technology Limited is a UK-based producer and manufacturer of electrified powertrain components, traction motors, and systems.

Asia-Pacific was the largest region in the electric vehicle traction motor market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle traction motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electric vehicle traction motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The electric vehicle traction motor market consists of sales of DC motors, brushless DC motors, permanent magnet synchronous motors, three-phase induction motors, and switched reluctance motors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The electric vehicle traction motors market research report is one of a series of new reports from The Business Research Company that provides electric vehicle traction motors market statistics, including electric vehicle traction motors industry global market size, regional shares, competitors with an electric vehicle traction motors market share, detailed electric vehicle traction motors market segments, market trends and opportunities, and any further data you may need to thrive in the electric vehicle traction motors industry. This electric vehicle traction motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electric Vehicle Traction Motor Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $12.78 billion
Revenue Forecast In 2033 $50.65 billion
Growth Rate CAGR of 41.1% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)
2) By Voltage Ratings: High Voltage EV Traction Motors, Low Voltage EV Traction Motors
3) By Vehicle Type: Hybrid Vehicles, Battery Electric Vehicles, Fuel Cell Electric Vehicles
4) By Application: Railways, Passenger And Commercial Vehicles, Other Applications
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Siemens; ABB Limited; Hitachi Ltd; CRRC Corporation Limited; AB SKF; Robert Bosch GMBH; Mitsubishi Motors Corporation; Parker-Hannifin Corp; Bharat Heavy Electricals Ltd; Nidec Corporation; Kawasaki Heavy Industries Ltd; Ametek Inc; Mitsubishi Electric Corporation; CG Power & Industrial Solutions Ltd; Toshiba Corporation; Alstom Logo; EUROLOOP Ltd; Born Electric; GarageStore; Continental AG; Ford Motor Company; Fiat Chrysler Automobiles; Nissan; Rivian Automotive; VIA Motors; Chevrolet; Lucid; WEG; Eberle Motors; Voges Motors; Nova Motores; Cestari Industrial e Comercial S.A; Tintori Motores Elétricos; Motomil Motores Elétricos; Taizhou Dongchun Motor Co. Ltd; Iconiq Motors; One Moto; MG Motor; M Glory Holding Group; General Electric; wattEV2buy; Solzen Hunters; Malesedi Energy Solutions; Forever Powered; Zimi Charge
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    Table Of Contents

    1. Executive Summary

    2. Electric Vehicle Traction Motor Market Characteristics

    3. Electric Vehicle Traction Motor Market Trends And Strategies

    4. Electric Vehicle Traction Motor Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Electric Vehicle Traction Motor Market Size and Growth

    5.1. Global Electric Vehicle Traction Motor Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Electric Vehicle Traction Motor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Electric Vehicle Traction Motor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Electric Vehicle Traction Motor Market Segmentation

    6.1. Global Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Permanent Magnet Synchronous EV Traction Motors (PSM)

    Asynchronous EV Traction Motors (ASM)

    6.2. Global Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    High Voltage EV Traction Motors

    Low Voltage EV Traction Motors

    6.3. Global Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Electric Vehicles

    Plug-in Hybrid Electric Vehicles

    Mild Hybrid Vehicles

    Full Hybrid Vehicles

    6.4. Global Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Railways

    Electric Vehicle

    Other Applications

    7. Electric Vehicle Traction Motor Market Regional And Country Analysis

    7.1. Global Electric Vehicle Traction Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Electric Vehicle Traction Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Electric Vehicle Traction Motor Market

    8.1. Asia-Pacific Electric Vehicle Traction Motor Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Electric Vehicle Traction Motor Market

    9.1. China Electric Vehicle Traction Motor Market Overview

    9.2. China Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Electric Vehicle Traction Motor Market

    10.1. India Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Electric Vehicle Traction Motor Market

    11.1. Japan Electric Vehicle Traction Motor Market Overview

    11.2. Japan Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Electric Vehicle Traction Motor Market

    12.1. Australia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Electric Vehicle Traction Motor Market

    13.1. Indonesia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Electric Vehicle Traction Motor Market

    14.1. South Korea Electric Vehicle Traction Motor Market Overview

    14.2. South Korea Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Electric Vehicle Traction Motor Market

    15.1. Western Europe Electric Vehicle Traction Motor Market Overview

    15.2. Western Europe Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Electric Vehicle Traction Motor Market

    16.1. UK Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Electric Vehicle Traction Motor Market

    17.1. Germany Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Electric Vehicle Traction Motor Market

    18.1. France Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Electric Vehicle Traction Motor Market

    19.1. Italy Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Electric Vehicle Traction Motor Market

    20.1. Spain Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Electric Vehicle Traction Motor Market

    21.1. Eastern Europe Electric Vehicle Traction Motor Market Overview

    21.2. Eastern Europe Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Electric Vehicle Traction Motor Market

    22.1. Russia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Electric Vehicle Traction Motor Market

    23.1. North America Electric Vehicle Traction Motor Market Overview

    23.2. North America Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Electric Vehicle Traction Motor Market

    24.1. USA Electric Vehicle Traction Motor Market Overview

    24.2. USA Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Electric Vehicle Traction Motor Market

    25.1. Canada Electric Vehicle Traction Motor Market Overview

    25.2. Canada Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Electric Vehicle Traction Motor Market

    26.1. South America Electric Vehicle Traction Motor Market Overview

    26.2. South America Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Electric Vehicle Traction Motor Market

    27.1. Brazil Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Electric Vehicle Traction Motor Market

    28.1. Middle East Electric Vehicle Traction Motor Market Overview

    28.2. Middle East Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Electric Vehicle Traction Motor Market

    29.1. Africa Electric Vehicle Traction Motor Market Overview

    29.2. Africa Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Electric Vehicle Traction Motor Market Competitive Landscape And Company Profiles

    30.1. Electric Vehicle Traction Motor Market Competitive Landscape

    30.2. Electric Vehicle Traction Motor Market Company Profiles

    30.2.1. Siemens

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. ABB Limited

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Hitachi Ltd

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. CRRC Corporation Limited

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. AB SKF

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Electric Vehicle Traction Motor Market Other Major And Innovative Companies

    31.1. Robert Bosch GMBH

    31.2. Mitsubishi Motors Corporation

    31.3. Parker-Hannifin Corp

    31.4. Bharat Heavy Electricals Ltd

    31.5. Nidec Corporation

    31.6. Kawasaki Heavy Industries Ltd

    31.7. Ametek Inc

    31.8. Mitsubishi Electric Corporation

    31.9. CG Power & Industrial Solutions Ltd

    31.10. Toshiba Corporation

    31.11. Alstom Logo

    31.12. EUROLOOP Ltd

    31.13. Born Electric

    31.14. GarageStore

    31.15. Continental AG

    32. Global Electric Vehicle Traction Motor Market Competitive Benchmarking

    33. Global Electric Vehicle Traction Motor Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Electric Vehicle Traction Motor Market

    35. Electric Vehicle Traction Motor Market Future Outlook and Potential Analysis

    35.1 Electric Vehicle Traction Motor Market In 2028 - Countries Offering Most New Opportunities

    35.2 Electric Vehicle Traction Motor Market In 2028 - Segments Offering Most New Opportunities

    35.3 Electric Vehicle Traction Motor Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Electric Vehicle Traction Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Electric Vehicle Traction Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Siemens Financial Performance
  • Table 76: ABB Limited Financial Performance
  • Table 77: Hitachi Ltd Financial Performance
  • Table 78: CRRC Corporation Limited Financial Performance
  • Table 79: AB SKF Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Electric Vehicle Traction Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Electric Vehicle Traction Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Siemens Financial Performance
  • Figure 76: ABB Limited Financial Performance
  • Figure 77: Hitachi Ltd Financial Performance
  • Figure 78: CRRC Corporation Limited Financial Performance
  • Figure 79: AB SKF Financial Performance
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Frequently Asked Questions

What is the definition of the electric vehicle traction motor market?

An electric vehicle traction motor refers to the motor that turns the wheels of a vehicle. Some vehicles use motor generators for both driving and regeneration. It is used for converting electrical energy to mechanical energy in a method that propels the vehicle beyond aerodynamic drag, rolling resistance drag, and kinetic resistance is the motor that powers the vehicle's wheels. For further insights on the electric vehicle traction motor market, request a sample here

How will the electric vehicle traction motor market drivers and restraints affect the electric vehicle traction motor market dynamics? What forces will shape the electric vehicle traction motor industry going forward?

The electric vehicle traction motor market major growth driver - Surging Sales Of Hybrid Electric Vehicles Drive Growth In The Electric Vehicle Traction Motor Market. For further insights on the electric vehicle traction motor market, request a sample here

What is the forecast market size or the forecast market value of the electric vehicle traction motor market?

The electric vehicle traction motor market size has grown exponentially in recent years. It will grow from $8.91 billion in 2023 to $12.78 billion in 2024 at a compound annual growth rate (CAGR) of 43.5%. The growth in the historic period can be attributed to increased sales of hybrid electric vehicles (hevs), a rise in disposable income, a rise in focus on electric vehicles and a surge in urbanization. The electric vehicle traction motor market size is expected to see exponential growth in the next few years. It will grow to $50.65 billion in 2028 at a compound annual growth rate (CAGR) of 41.1%. The growth in the forecast period can be attributed to the expansion of railway networks, strict environmental regulations and emission requirements and an increasing demand for energy-efficient motors. Major trends in the forecast period include focus on sustainability of the entire ev (electric vehicle) supply chain, including the production and disposal of ev traction motors, adoption of rare-earth-free motors, partnerships and collaborations, new and innovative motor designs and technologies and increasing investments to improve financial strength and product portfolio. For further insights on the electric vehicle traction motor market, request a sample here

How is the electric vehicle traction motor market segmented?

The electric vehicle traction motor market is segmented
1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)
2) By Voltage Ratings: High Voltage EV Traction Motors, Low Voltage EV Traction Motors
3) By Vehicle Type: Hybrid Vehicles, Battery Electric Vehicles, Fuel Cell Electric Vehicles
4) By Application: Railways, Passenger And Commercial Vehicles, Other ApplicationsFor further insights on the electric vehicle traction motor market, request a sample here

Which region has the largest share of the electric vehicle traction motor market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the electric vehicle traction motor market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle traction motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the electric vehicle traction motor market, request a sample here.

Who are the major players in the electric vehicle traction motor market?

Major companies operating in the electric vehicle traction motor market report are Siemens, ABB Limited, Hitachi Ltd, CRRC Corporation Limited, AB SKF, Robert Bosch GMBH, Mitsubishi Motors Corporation, Parker-Hannifin Corp, Bharat Heavy Electricals Ltd, Nidec Corporation, Kawasaki Heavy Industries Ltd, Ametek Inc, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd, Toshiba Corporation, Alstom Logo, EUROLOOP Ltd, Born Electric, GarageStore, Continental AG, Ford Motor Company, Fiat Chrysler Automobiles, Nissan, Rivian Automotive, VIA Motors, Chevrolet, Lucid, WEG, Eberle Motors, Voges Motors, Nova Motores, Cestari Industrial e Comercial S.A, Tintori Motores Elétricos, Motomil Motores Elétricos, Taizhou Dongchun Motor Co. Ltd, Iconiq Motors, One Moto, MG Motor, M Glory Holding Group, General Electric, wattEV2buy, Solzen Hunters, Malesedi Energy Solutions, Forever Powered, Zimi Charge For further insights on the electric vehicle traction motor market, request a sample here.

What are the key trends in the electric vehicle traction motor market?

Major trend in the electric vehicle traction motor market - Advancements In Technology Drive Innovation In The Electric Vehicle Traction Motor Market. For further insights on the electric vehicle traction motor market, request a sample here.

What are the major opportunities in the electric vehicle traction motor market? What are the strategies for the electric vehicle traction motor market?

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How does the electric vehicle traction motor market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the electric vehicle traction motor industry?

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What are the key dynamics influencing the electric vehicle traction motor market growth? SWOT analysis of the electric vehicle traction motor market.

For detailed insights on the key dynamics influencing the electric vehicle traction motor market growth and SWOT analysis of the electric vehicle traction motor industry, request a sample here.