Electric Vehicle Traction Motor Global Market Report 2024

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

Name: Electric Vehicle Traction Motor Global Market Report 2024
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Electric Vehicle Traction Motor Global Market Report 2024

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Electric Vehicle Traction Motor Market Definition

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.

Electric Vehicle Traction Motor Market Segmentation

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

Global Electric Vehicle Traction Motor Market Size 2023 to 2028: Graph

Electric Vehicle Traction Motor Market Size 2024 And Growth Rate

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.

Electric Vehicle Traction Motor Market Growth Forecast

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.

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Electric Vehicle Traction Motor Market Driver: 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.

Electric Vehicle Traction Motor Market Driver: 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.

Global Electric Vehicle Traction Motor Market Major Players

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

Global Electric Vehicle Traction Motor Market Trend: 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.

Global Electric Vehicle Traction Motor Market Trend: 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.

Electric Vehicle Traction Motor Market Merger And Acquisition: 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.

Regional Analysis For The Global Electric Vehicle Traction Motor Market

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 Report Forecast And Analysis

Report Attribute	Details
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	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, 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
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

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?

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?

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?

For detailed insights on the major opportunities and strategies in the electric vehicle traction motor market, request a sample here.

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

For detailed insights on electric vehicle traction motor market's relation to the overall economy and other similar markets, request a sample here.

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.