Electric Vehicle Motor Market
Global Electric Vehicle Motor Market Size, Share & Trends Analysis Report by Motor Type (DC Motor and AC Motor), By Propulsion Technology (Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV)), By Vehicle Type (Passenger Cars, Commercial Vehicle, and Others) and Forecast 2019-2025 Update Available - Forecast 2024-2030
The global electric vehicle motor market is anticipated to grow at a CAGR of more than 18% during the forecast period, 2019-2025. Rising electric vehicle (EV) market globally is one of the major factors driving the growth of the electric vehicle motor market. Government support for the EVs, development of charging infrastructure, continuous technological advancement of electric motor & battery, and increasing awareness among people are the major factors for the growth of the EV market globally.
The global electric vehicle motor market is segmented based on the basis of motor type, propulsion technology, and vehicle type. On the basis of motor type, the market is bifurcated into the AC motor and DC motor. By propulsion technology, the market is segmented into battery-electric vehicles and plug-in hybrid electric vehicles. Battery electric vehicles will have a major market share during the forecast period. By vehicle type, the market further analyzed into passenger cars, commercial vehicles, and others. The passenger vehicle segment will have a major market share during the forecast period.
Geographically, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World. During the forecast period, Asia-Pacific is anticipated to be the largest market with a lucrative growth rate. China, Japan, and South Korea will contribute significantly to the market. Europe is also expected to showcase a significant growth in the market due to strict government norms related to vehicle pollution and stiff target to introduce EVs in the vehicle fleet.
Key companies contributing to the market include ABB Ltd., Tesla Inc., Nidec Corp., BorgWarner Inc., Continental AG, Parker-Hannifin Corp., Robert Bosch GmbH, Siemens AG, Valeo SA, ZF TRW Automotive Holdings Corp. and so on. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market. For instance, Nidec Corp. announced to invest $1.8 billion to develop three new traction motor plants globally. The company will invest $910 million in China, $455 million in Poland and $455 in Mexico to produce 8.4 million traction motor each year combinedly.
Research Methodology
The market study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Electric Vehicle Motor Market Research and Analysis by Motor Type
- Global Electric Vehicle Motor Market Research and Analysis by Propulsion Technology
- Global Electric Vehicle Motor Market Research and Analysis by Vehicle Type
The Report Covers
- Comprehensive research methodology of the Global Electric Vehicle Motor Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting Global Electric Vehicle Motor Market.
- Insights about market determinants that are stimulating the Global Electric Vehicle Motor Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Electric Vehicle Motor Market by Motor Type
5.1.1. DC Motor
5.1.2. AC Motor
5.2. Global Electric Vehicle Motor Market by Propulsion Technology
5.2.1. Battery Electric Vehicle (BEV)
5.2.2. Plug-in Hybrid Electric Vehicle (PHEV)
5.3. Global Electric Vehicle Motor Market by Vehicle Type
5.3.1. Passenger Cars
5.3.2. Commercial Vehicle
5.3.3. Other (Two-Wheeler)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Global
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. ABB Ltd.
7.2. Avid Technology Ltd.
7.3. BorgWarner Inc.
7.4. Continental AG
7.5. Hitachi Automotive Systems, Ltd.
7.6. Magnetic Systems Technology Ltd.
7.7. Nidec Corp.
7.8. Parker-Hannifin Corp.
7.9. Protean Electric
7.10. Robert Bosch GmbH
7.11. Siemens AG
7.12. Tesla Inc.
7.13. Toshiba International Corp.
7.14. Valeo SA
7.15. WEG Industries
7.16. YASA Ltd.
7.17. ZF TRW Automotive Holdings Corp.
7.18. Zytek Group Ltd.
1. GLOBAL ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY MOTOR TYPE, 2018-2025 ($ MILLION)
2. GLOBAL ELECTRIC VEHICLE DC MOTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL ELECTRIC VEHICLE AC MOTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY PROPULSION TECHNOLOGY, 2018-2025 ($ MILLION)
5. GLOBAL BATTERY ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL PLUG-IN HYBRID ELECTRIC VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2018-2025 ($ MILLION)
8. GLOBAL ELECTRIC PASSENGER CAR MOTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL ELECTRIC COMMERCIAL VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL OTHER ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
12. NORTH AMERICAN ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
13. NORTH AMERICAN ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY MOTOR TYPE, 2018-2025 ($ MILLION)
14. NORTH AMERICAN ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY PROPULSION TECHNOLOGY, 2018-2025 ($ MILLION)
15. NORTH AMERICAN ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2018-2025 ($ MILLION)
16. EUROPEAN ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
17. EUROPEAN ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY MOTOR TYPE, 2018-2025 ($ MILLION)
18. EUROPEAN ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY PROPULSION TECHNOLOGY, 2018-2025 ($ MILLION)
19. EUROPEAN ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2018-2025 ($ MILLION)
20. ASIA-PACIFIC ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
21. ASIA-PACIFIC ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY MOTOR TYPE, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY PROPULSION TECHNOLOGY, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2018-2025 ($ MILLION)
24. REST OF THE WORLD ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY MOTOR TYPE, 2018-2025 ($ MILLION)
25. REST OF THE WORLD ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY PROPULSION TECHNOLOGY, 2018-2025 ($ MILLION)
26. REST OF THE WORLD ELECTRIC VEHICLE MOTOR MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2018-2025 ($ MILLION)
1. GLOBAL ELECTRIC VEHICLE MOTOR MARKET SHARE BY MOTOR TYPE, 2018 VS 2025 (%)
2. GLOBAL ELECTRIC VEHICLE DC MOTOR MARKET SHARE BY REGION, 2018 VS 2025 (%)
3. GLOBAL ELECTRIC VEHICLE AC MOTOR MARKET SHARE BY REGION, 2018 VS 2025 (%)
4. GLOBAL ELECTRIC VEHICLE MOTOR MARKET SHARE BY PROPULSION TECHNOLOGY, 2018 VS 2025 (%)
5. GLOBAL BATTERY ELECTRIC VEHICLE MOTOR MARKET SHARE BY REGION, 2018 VS 2025 (%)
6. GLOBAL PLUG-IN HYBRID ELECTRIC VEHICLE MOTOR MARKET SHARE BY REGION, 2018 VS 2025 (%)
7. GLOBAL ELECTRIC VEHICLE MOTOR MARKET SHARE BY VEHICLE TYPE, 2018 VS 2025 (%)
8. GLOBAL PASSENGER CARS ELECTRIC MOTOR MARKET SHARE BY REGION, 2018 VS 2025 (%)
9. GLOBAL COMMERCIAL VEHICLE ELECTRIC MOTOR MARKET SHARE BY REGION, 2018 VS 2025 (%)
10. GLOBAL OTHER VEHICLE ELECTRIC MOTOR MARKET SHARE BY REGION, 2018 VS 2025 (%)
11. GLOBAL ELECTRIC VEHICLE MOTOR MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
12. US ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
13. CANADA ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
14. UK ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
15. FRANCE ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
16. GLOBAL ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
17. ITALY ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
18. SPAIN ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
19. REST OF EUROPE ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
20. INDIA ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
21. CHINA ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
22. JAPAN ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
23. REST OF ASIA-PACIFIC ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
24. REST OF THE WORLD ELECTRIC VEHICLE MOTOR MARKET SIZE, 2018-2025 ($ MILLION)
