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EV Traction Motor-Global Market Insights and Sales Trends 2024
Synopsis
A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
The global EV Traction Motor market size is expected to reach US$ 96780 million by 2029, growing at a CAGR of 40.0% from 2023 to 2029. The market is mainly driven by the significant applications of EV Traction Motor in various end use industries. The expanding demands from the BEV and PHEV, are propelling EV Traction Motor market. AC Induction Motor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Permanent Magnet Motor segment is estimated at % CAGR for the next seven-year period.
The major players in global EV Traction Motor market include Tesla, BYD, Broad-Ocean, etc. The top 3 players occupy about 35% shares of the global market. North America and Japan are main markets, they occupy about 70% of the global market. Permanent Magnet Motor is the main type, with a share about 75%. BEV is the main application, which holds a share about 70%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for EV Traction Motor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global EV Traction Motor market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global EV Traction Motor market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, EV Traction Motor sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of EV Traction Motor covered in this report include BMW, Tesla, Broad-Ocean, BYD, Nissan, Continental AG, Jing-Jin Electric Technologies, ZF and Groupe Renault, etc.
The global EV Traction Motor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BMW
Tesla
Broad-Ocean
BYD
Nissan
Continental AG
Jing-Jin Electric Technologies
ZF
Groupe Renault
Toyota
Meidensha
BOSCH
UAES
LG
Dajun Tech
SIEMENS
Greatland Electrics
Hitachi Automotive Systems
Magna
Global EV Traction Motor market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global EV Traction Motor market, Segment by Type:
AC Induction Motor
Permanent Magnet Motor
Global EV Traction Motor market, by Application
BEV
PHEV
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of EV Traction Motor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of EV Traction Motor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
The global EV Traction Motor market size is expected to reach US$ 96780 million by 2029, growing at a CAGR of 40.0% from 2023 to 2029. The market is mainly driven by the significant applications of EV Traction Motor in various end use industries. The expanding demands from the BEV and PHEV, are propelling EV Traction Motor market. AC Induction Motor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Permanent Magnet Motor segment is estimated at % CAGR for the next seven-year period.
The major players in global EV Traction Motor market include Tesla, BYD, Broad-Ocean, etc. The top 3 players occupy about 35% shares of the global market. North America and Japan are main markets, they occupy about 70% of the global market. Permanent Magnet Motor is the main type, with a share about 75%. BEV is the main application, which holds a share about 70%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for EV Traction Motor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global EV Traction Motor market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global EV Traction Motor market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, EV Traction Motor sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of EV Traction Motor covered in this report include BMW, Tesla, Broad-Ocean, BYD, Nissan, Continental AG, Jing-Jin Electric Technologies, ZF and Groupe Renault, etc.
The global EV Traction Motor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BMW
Tesla
Broad-Ocean
BYD
Nissan
Continental AG
Jing-Jin Electric Technologies
ZF
Groupe Renault
Toyota
Meidensha
BOSCH
UAES
LG
Dajun Tech
SIEMENS
Greatland Electrics
Hitachi Automotive Systems
Magna
Global EV Traction Motor market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global EV Traction Motor market, Segment by Type:
AC Induction Motor
Permanent Magnet Motor
Global EV Traction Motor market, by Application
BEV
PHEV
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of EV Traction Motor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of EV Traction Motor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 EV Traction Motor Market Overview
1.1 EV Traction Motor Product Overview
1.2 EV Traction Motor Market Segment by Type
1.2.1 AC Induction Motor
1.2.2 Permanent Magnet Motor
1.3 Global EV Traction Motor Market Size by Type
1.3.1 Global EV Traction Motor Market Size Overview by Type (2018-2029)
1.3.2 Global EV Traction Motor Historic Market Size Review by Type (2018-2023)
1.3.3 Global EV Traction Motor Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America EV Traction Motor Sales Breakdown by Type (2018-2023)
1.4.2 Europe EV Traction Motor Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific EV Traction Motor Sales Breakdown by Type (2018-2023)
1.4.4 Latin America EV Traction Motor Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa EV Traction Motor Sales Breakdown by Type (2018-2023)
2 Global EV Traction Motor Market Competition by Company
2.1 Global Top Players by EV Traction Motor Sales (2018-2023)
2.2 Global Top Players by EV Traction Motor Revenue (2018-2023)
2.3 Global Top Players by EV Traction Motor Price (2018-2023)
2.4 Global Top Manufacturers EV Traction Motor Manufacturing Base Distribution, Sales Area, Product Type
2.5 EV Traction Motor Market Competitive Situation and Trends
2.5.1 EV Traction Motor Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by EV Traction Motor Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in EV Traction Motor as of 2022)
2.7 Date of Key Manufacturers Enter into EV Traction Motor Market
2.8 Key Manufacturers EV Traction Motor Product Offered
2.9 Mergers & Acquisitions, Expansion
3 EV Traction Motor Status and Outlook by Region
3.1 Global EV Traction Motor Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global EV Traction Motor Historic Market Size by Region
3.2.1 Global EV Traction Motor Sales in Volume by Region (2018-2023)
3.2.2 Global EV Traction Motor Sales in Value by Region (2018-2023)
3.2.3 Global EV Traction Motor Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global EV Traction Motor Forecasted Market Size by Region
3.3.1 Global EV Traction Motor Sales in Volume by Region (2024-2029)
3.3.2 Global EV Traction Motor Sales in Value by Region (2024-2029)
3.3.3 Global EV Traction Motor Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global EV Traction Motor by Application
4.1 EV Traction Motor Market Segment by Application
4.1.1 BEV
4.1.2 PHEV
4.2 Global EV Traction Motor Market Size by Application
4.2.1 Global EV Traction Motor Market Size Overview by Application (2018-2029)
4.2.2 Global EV Traction Motor Historic Market Size Review by Application (2018-2023)
4.2.3 Global EV Traction Motor Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America EV Traction Motor Sales Breakdown by Application (2018-2023)
4.3.2 Europe EV Traction Motor Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific EV Traction Motor Sales Breakdown by Application (2018-2023)
4.3.4 Latin America EV Traction Motor Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa EV Traction Motor Sales Breakdown by Application (2018-2023)
5 North America EV Traction Motor by Country
5.1 North America EV Traction Motor Historic Market Size by Country
5.1.1 North America EV Traction Motor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America EV Traction Motor Sales in Volume by Country (2018-2023)
5.1.3 North America EV Traction Motor Sales in Value by Country (2018-2023)
5.2 North America EV Traction Motor Forecasted Market Size by Country
5.2.1 North America EV Traction Motor Sales in Volume by Country (2024-2029)
5.2.2 North America EV Traction Motor Sales in Value by Country (2024-2029)
6 Europe EV Traction Motor by Country
6.1 Europe EV Traction Motor Historic Market Size by Country
6.1.1 Europe EV Traction Motor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe EV Traction Motor Sales in Volume by Country (2018-2023)
6.1.3 Europe EV Traction Motor Sales in Value by Country (2018-2023)
6.2 Europe EV Traction Motor Forecasted Market Size by Country
6.2.1 Europe EV Traction Motor Sales in Volume by Country (2024-2029)
6.2.2 Europe EV Traction Motor Sales in Value by Country (2024-2029)
7 Asia-Pacific EV Traction Motor by Region
7.1 Asia-Pacific EV Traction Motor Historic Market Size by Region
7.1.1 Asia-Pacific EV Traction Motor Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific EV Traction Motor Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific EV Traction Motor Sales in Value by Region (2018-2023)
7.2 Asia-Pacific EV Traction Motor Forecasted Market Size by Region
7.2.1 Asia-Pacific EV Traction Motor Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific EV Traction Motor Sales in Value by Region (2024-2029)
8 Latin America EV Traction Motor by Country
8.1 Latin America EV Traction Motor Historic Market Size by Country
8.1.1 Latin America EV Traction Motor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America EV Traction Motor Sales in Volume by Country (2018-2023)
8.1.3 Latin America EV Traction Motor Sales in Value by Country (2018-2023)
8.2 Latin America EV Traction Motor Forecasted Market Size by Country
8.2.1 Latin America EV Traction Motor Sales in Volume by Country (2024-2029)
8.2.2 Latin America EV Traction Motor Sales in Value by Country (2024-2029)
9 Middle East and Africa EV Traction Motor by Country
9.1 Middle East and Africa EV Traction Motor Historic Market Size by Country
9.1.1 Middle East and Africa EV Traction Motor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa EV Traction Motor Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa EV Traction Motor Sales in Value by Country (2018-2023)
9.2 Middle East and Africa EV Traction Motor Forecasted Market Size by Country
9.2.1 Middle East and Africa EV Traction Motor Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa EV Traction Motor Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BMW
10.1.1 BMW Company Information
10.1.2 BMW Introduction and Business Overview
10.1.3 BMW EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BMW EV Traction Motor Products Offered
10.1.5 BMW Recent Development
10.2 Tesla
10.2.1 Tesla Company Information
10.2.2 Tesla Introduction and Business Overview
10.2.3 Tesla EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Tesla EV Traction Motor Products Offered
10.2.5 Tesla Recent Development
10.3 Broad-Ocean
10.3.1 Broad-Ocean Company Information
10.3.2 Broad-Ocean Introduction and Business Overview
10.3.3 Broad-Ocean EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Broad-Ocean EV Traction Motor Products Offered
10.3.5 Broad-Ocean Recent Development
10.4 BYD
10.4.1 BYD Company Information
10.4.2 BYD Introduction and Business Overview
10.4.3 BYD EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BYD EV Traction Motor Products Offered
10.4.5 BYD Recent Development
10.5 Nissan
10.5.1 Nissan Company Information
10.5.2 Nissan Introduction and Business Overview
10.5.3 Nissan EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nissan EV Traction Motor Products Offered
10.5.5 Nissan Recent Development
10.6 Continental AG
10.6.1 Continental AG Company Information
10.6.2 Continental AG Introduction and Business Overview
10.6.3 Continental AG EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Continental AG EV Traction Motor Products Offered
10.6.5 Continental AG Recent Development
10.7 Jing-Jin Electric Technologies
10.7.1 Jing-Jin Electric Technologies Company Information
10.7.2 Jing-Jin Electric Technologies Introduction and Business Overview
10.7.3 Jing-Jin Electric Technologies EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Jing-Jin Electric Technologies EV Traction Motor Products Offered
10.7.5 Jing-Jin Electric Technologies Recent Development
10.8 ZF
10.8.1 ZF Company Information
10.8.2 ZF Introduction and Business Overview
10.8.3 ZF EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.8.4 ZF EV Traction Motor Products Offered
10.8.5 ZF Recent Development
10.9 Groupe Renault
10.9.1 Groupe Renault Company Information
10.9.2 Groupe Renault Introduction and Business Overview
10.9.3 Groupe Renault EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Groupe Renault EV Traction Motor Products Offered
10.9.5 Groupe Renault Recent Development
10.10 Toyota
10.10.1 Toyota Company Information
10.10.2 Toyota Introduction and Business Overview
10.10.3 Toyota EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Toyota EV Traction Motor Products Offered
10.10.5 Toyota Recent Development
10.11 Meidensha
10.11.1 Meidensha Company Information
10.11.2 Meidensha Introduction and Business Overview
10.11.3 Meidensha EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Meidensha EV Traction Motor Products Offered
10.11.5 Meidensha Recent Development
10.12 BOSCH
10.12.1 BOSCH Company Information
10.12.2 BOSCH Introduction and Business Overview
10.12.3 BOSCH EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.12.4 BOSCH EV Traction Motor Products Offered
10.12.5 BOSCH Recent Development
10.13 UAES
10.13.1 UAES Company Information
10.13.2 UAES Introduction and Business Overview
10.13.3 UAES EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.13.4 UAES EV Traction Motor Products Offered
10.13.5 UAES Recent Development
10.14 LG
10.14.1 LG Company Information
10.14.2 LG Introduction and Business Overview
10.14.3 LG EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.14.4 LG EV Traction Motor Products Offered
10.14.5 LG Recent Development
10.15 Dajun Tech
10.15.1 Dajun Tech Company Information
10.15.2 Dajun Tech Introduction and Business Overview
10.15.3 Dajun Tech EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Dajun Tech EV Traction Motor Products Offered
10.15.5 Dajun Tech Recent Development
10.16 SIEMENS
10.16.1 SIEMENS Company Information
10.16.2 SIEMENS Introduction and Business Overview
10.16.3 SIEMENS EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.16.4 SIEMENS EV Traction Motor Products Offered
10.16.5 SIEMENS Recent Development
10.17 Greatland Electrics
10.17.1 Greatland Electrics Company Information
10.17.2 Greatland Electrics Introduction and Business Overview
10.17.3 Greatland Electrics EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Greatland Electrics EV Traction Motor Products Offered
10.17.5 Greatland Electrics Recent Development
10.18 Hitachi Automotive Systems
10.18.1 Hitachi Automotive Systems Company Information
10.18.2 Hitachi Automotive Systems Introduction and Business Overview
10.18.3 Hitachi Automotive Systems EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Hitachi Automotive Systems EV Traction Motor Products Offered
10.18.5 Hitachi Automotive Systems Recent Development
10.19 Magna
10.19.1 Magna Company Information
10.19.2 Magna Introduction and Business Overview
10.19.3 Magna EV Traction Motor Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Magna EV Traction Motor Products Offered
10.19.5 Magna Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 EV Traction Motor Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 EV Traction Motor Industrial Chain Analysis
11.4 EV Traction Motor Market Dynamics
11.4.1 EV Traction Motor Industry Trends
11.4.2 EV Traction Motor Market Drivers
11.4.3 EV Traction Motor Market Challenges
11.4.4 EV Traction Motor Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 EV Traction Motor Distributors
12.3 EV Traction Motor Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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