Report overview
Electric vehicles are equipped with an electric motor for propulsion of the vehicle. These vehicles can be classified into battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). BEV is a zero-emission vehicle that purely runs on a battery and electric traction motor without an internal combustion engine (ICE). The battery can be plugged in and recharged from an external energy source. PHEV is equipped with two propulsion modes, i.e., drive motor and internal combustion engine (ICE). When the battery is high, the vehicle runs on the drive motor and when the battery is low, the vehicle runs on ICE.
This report contains market size and forecasts of Electric Vehicle Traction Motor in global, including the following market information:
Global Electric Vehicle Traction Motor Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Electric Vehicle Traction Motor Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Electric Vehicle Traction Motor companies in 2021 (%)
The global Electric Vehicle Traction Motor market was valued at 5049.3 million in 2021 and is projected to reach US$ 14460 million by 2028, at a CAGR of 16.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Synchronous motor Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Vehicle Traction Motor include Zhongshan Broad-Ocean Motor Co. Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Siemens AG, Nidec Corporation, LG Electronics, MEIDENSHA CORPORATION and Jing-Jin Electric Technologies Co. Ltd. and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Electric Vehicle Traction Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Vehicle Traction Motor Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Vehicle Traction Motor Market Segment Percentages, by Type, 2021 (%)
Synchronous motor
Induction motor
Global Electric Vehicle Traction Motor Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Vehicle Traction Motor Market Segment Percentages, by Application, 2021 (%)
Electric cars
Electric buses
Electric scooters
Global Electric Vehicle Traction Motor Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Vehicle Traction Motor Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Vehicle Traction Motor revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Electric Vehicle Traction Motor revenues share in global market, 2021 (%)
Key companies Electric Vehicle Traction Motor sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Electric Vehicle Traction Motor sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Zhongshan Broad-Ocean Motor Co. Ltd.
BorgWarner Inc.
Robert Bosch GmbH
Continental AG
Siemens AG
Nidec Corporation
LG Electronics
MEIDENSHA CORPORATION
Jing-Jin Electric Technologies Co. Ltd.
Shuanglin Group
