Germany electric vehicle motor market is anticipated to grow at a CAGR of more than 20% during the forecast period, 2019-2025. The country is a major automotive manufacturer globally and was the largest EV market in Europe in 2019. Moreover, various auto ancillary companies have their headquarters in the country including Continental AG, Robert Bosch GmbH, ZF TRW Automotive Holdings Corp., Siemens AG among others. In the country, exponential growth in the electric car market was registered in 2019. As per the European Automobile Manufacturers Association, a growth of 60% YoY is registered in the country in 2020. Around 109,000 electric cars were registered in the country as compared to 67,600 in 2019. It provides a significant opportunity for the EV manufacturer to construct a new EV plant in the country. Due to Brexit, Germany is one of the major countries to cover the market of the whole European Union. For instance, Tesla Inc. announced to build a new Gigafactory in Berlin in November 2019. As per the CEO of the company, Brexit was one of the major factors for choosing Germany over UK for the first European Gigafactory of the company. 

Germany 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 further analyzed into AC motor and DC motor. Most of the vehicles use AC induction motor or DC Permanent Magnet Synchronous Motor (PMSM). By propulsion technology, the market is segmented into battery-electric vehicles and plug-in hybrid electric vehicles. During the forecast period, the battery-electric vehicle segment is expected to show significant growth in the country. 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. 

Key companies contributing to the market include Continental AG, Hitachi Automotive Systems, Ltd., Nidec Corp., Parker-Hannifin Corp., Robert Bosch GmbH, Siemens AG, Tesla Inc., Valeo SA, WEG Industries, ZF TRW Automotive Holdings Corp. and others. 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.

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

1. Germany Electric Vehicle Motor Market Research and Analysis by Motor Type
2. Germany Electric Vehicle Motor Market Research and Analysis by Propulsion Technology
3. Germany Electric Vehicle Motor Market Research and Analysis by Vehicle Type

The Report Covers

• Comprehensive research methodology of the Germany 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 the Germany Electric Vehicle Motor Market.
• Insights about market determinants that stimulate the Germany Electric Vehicle Motor Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.