Japan electric vehicle motor market is anticipated to grow at a CAGR of more than 15% during the forecast period, 2019-2025. The country is the second largest EV market in the Asia-Pacific after China. In April 2018, the government announced the target to sell all new cars in Japan to be electric or hybrid vehicles by 2050.  Favorable government policies and government investment are expected to provide significant growth to the country’s market. For instance, in November 2019, Nissan invested around $300 million in Japanese plants to increase EV production in the country. However, consecutive three downfalls in electric vehicle sales are registered in the country which can act as a major restraint for further investment in the country. In 2019, a decrease of around 17% has been registered as compared to 2018.

Japan electric vehicle motor market is segmented based on motor type, propulsion technology, and vehicle type. On the basis of motor type, the market is segmented into the AC motor and DC motor. By propulsion technology, the market is further studied into battery-electric vehicles and plug-in hybrid electric vehicles. Battery-electric vehicle is projected to have a major 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. 

Key companies contributing to the market include Nidec Corp., ABB Ltd., Hitachi Automotive Systems, Ltd., Parker-Hannifin Corp., Robert Bosch GmbH, Siemens AG, Tesla Inc., Toshiba International Corp., Valeo SA, 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. For instance, in February 2020, Nidec Corp. announced to invest $910 million to construct new electric vehicle motor plants in the country which will provide around 3.6 million electric vehicle motor annually at a much-reduced price. 

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

The Report Covers

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