The mounting preference of the masses towards emission-free vehicles has increased the sales of Hybrid Electric Vehicles (HEVs), which is boosting the EV traction motor market. Similarly, the stringent environmental regulation, as well as emission norms to safeguard environmental sustainability, are the factors for the growth in the demand for EV traction motor market in the forecast period.
MARKET DYNAMICS
The rising demand for Energy-Efficient Motors and growing investments in the railway sector are the major drivers for the growth of the EV traction motor market. The increasing focus on electric vehicles is creating opportunities for the EV traction motor market in the coming years.
MARKET SCOPE
The "Global EV traction motor Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of EV traction motor market with detailed market segmentation by motor type, and vehicle type, and geography. The global EV traction motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading EV traction motor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global EV traction motor market is segmented on the motor type, and vehicle type. Based on motor type, the market is segmented into AC traction motors, DC traction motors. On the basis of vehicle type the market is segmented into hybrid electric vehicles, battery electric vehicles, and plug-in hybrid vehicles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global EV traction motor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The EV traction motor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting EV traction motor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis across various regions namely: North America, Asia-Pacific, Europe, Middle East and Africa, and South America.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global EV traction motor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The EV traction motor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting EV traction motor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis across various regions namely: North America, Asia-Pacific, Europe, Middle East and Africa, and South America.
MARKET PLAYERS
The reports cover key developments in the EV traction motor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from EV traction motor market are anticipated to lucrative growth opportunities in the future with the rising demand for EV traction motor in the global market. Below mentioned is the list of few companies engaged in the EV traction motor market.
The report also includes the profiles of key EV traction motor companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AB SKF
- ABB Ltd.
- Avid Technology Limited
- Hitachi Automotive Systems, Ltd.
- Nidec Corporation
- Parker-Hannifin Corporation
- Robert Bosch GmbH
- Valeo SA
- ZF TRW Automotive Holdings Corporation
- Zytek Group Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 EV Traction Motor Market - By Motor Type
1.3.2 EV Traction Motor Market - By Vehicle Type
1.3.3 EV Traction Motor Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EV TRACTION MOTOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. EV TRACTION MOTOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. EV TRACTION MOTOR MARKET - GLOBAL MARKET ANALYSIS
6.1. EV TRACTION MOTOR - GLOBAL MARKET OVERVIEW
6.2. EV TRACTION MOTOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EV TRACTION MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - MOTOR TYPE
7.1. OVERVIEW
7.2. MOTOR TYPE MARKET FORECASTS AND ANALYSIS
7.3. AC TRACTION MOTORS
7.3.1. Overview
7.3.2. AC Traction Motors Market Forecast and Analysis
7.4. DC TRACTION MOTORS
7.4.1. Overview
7.4.2. DC Traction Motors Market Forecast and Analysis
8. EV TRACTION MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. HYBRID ELECTRIC VEHICLES
8.3.1. Overview
8.3.2. Hybrid Electric Vehicles Market Forecast and Analysis
8.4. BATTERY ELECTRIC VEHICLES
8.4.1. Overview
8.4.2. Battery Electric Vehicles Market Forecast and Analysis
8.5. PLUG-IN HYBRID VEHICLES
8.5.1. Overview
8.5.2. Plug-In Hybrid Vehicles Market Forecast and Analysis
9. EV TRACTION MOTOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America EV Traction Motor Market Overview
9.1.2 North America EV Traction Motor Market Forecasts and Analysis
9.1.3 North America EV Traction Motor Market Forecasts and Analysis - By Motor Type
9.1.4 North America EV Traction Motor Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America EV Traction Motor Market Forecasts and Analysis - By Countries
9.1.5.1 United States EV Traction Motor Market
9.1.5.1.1 United States EV Traction Motor Market by Motor Type
9.1.5.1.2 United States EV Traction Motor Market by Vehicle Type
9.1.5.2 Canada EV Traction Motor Market
9.1.5.2.1 Canada EV Traction Motor Market by Motor Type
9.1.5.2.2 Canada EV Traction Motor Market by Vehicle Type
9.1.5.3 Mexico EV Traction Motor Market
9.1.5.3.1 Mexico EV Traction Motor Market by Motor Type
9.1.5.3.2 Mexico EV Traction Motor Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe EV Traction Motor Market Overview
9.2.2 Europe EV Traction Motor Market Forecasts and Analysis
9.2.3 Europe EV Traction Motor Market Forecasts and Analysis - By Motor Type
9.2.4 Europe EV Traction Motor Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe EV Traction Motor Market Forecasts and Analysis - By Countries
9.2.5.1 Germany EV Traction Motor Market
9.2.5.1.1 Germany EV Traction Motor Market by Motor Type
9.2.5.1.2 Germany EV Traction Motor Market by Vehicle Type
9.2.5.2 France EV Traction Motor Market
9.2.5.2.1 France EV Traction Motor Market by Motor Type
9.2.5.2.2 France EV Traction Motor Market by Vehicle Type
9.2.5.3 Italy EV Traction Motor Market
9.2.5.3.1 Italy EV Traction Motor Market by Motor Type
9.2.5.3.2 Italy EV Traction Motor Market by Vehicle Type
9.2.5.4 United Kingdom EV Traction Motor Market
9.2.5.4.1 United Kingdom EV Traction Motor Market by Motor Type
9.2.5.4.2 United Kingdom EV Traction Motor Market by Vehicle Type
9.2.5.5 Russia EV Traction Motor Market
9.2.5.5.1 Russia EV Traction Motor Market by Motor Type
9.2.5.5.2 Russia EV Traction Motor Market by Vehicle Type
9.2.5.6 Rest of Europe EV Traction Motor Market
9.2.5.6.1 Rest of Europe EV Traction Motor Market by Motor Type
9.2.5.6.2 Rest of Europe EV Traction Motor Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific EV Traction Motor Market Overview
9.3.2 Asia-Pacific EV Traction Motor Market Forecasts and Analysis
9.3.3 Asia-Pacific EV Traction Motor Market Forecasts and Analysis - By Motor Type
9.3.4 Asia-Pacific EV Traction Motor Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific EV Traction Motor Market Forecasts and Analysis - By Countries
9.3.5.1 Australia EV Traction Motor Market
9.3.5.1.1 Australia EV Traction Motor Market by Motor Type
9.3.5.1.2 Australia EV Traction Motor Market by Vehicle Type
9.3.5.2 China EV Traction Motor Market
9.3.5.2.1 China EV Traction Motor Market by Motor Type
9.3.5.2.2 China EV Traction Motor Market by Vehicle Type
9.3.5.3 India EV Traction Motor Market
9.3.5.3.1 India EV Traction Motor Market by Motor Type
9.3.5.3.2 India EV Traction Motor Market by Vehicle Type
9.3.5.4 Japan EV Traction Motor Market
9.3.5.4.1 Japan EV Traction Motor Market by Motor Type
9.3.5.4.2 Japan EV Traction Motor Market by Vehicle Type
9.3.5.5 South Korea EV Traction Motor Market
9.3.5.5.1 South Korea EV Traction Motor Market by Motor Type
9.3.5.5.2 South Korea EV Traction Motor Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific EV Traction Motor Market
9.3.5.6.1 Rest of Asia-Pacific EV Traction Motor Market by Motor Type
9.3.5.6.2 Rest of Asia-Pacific EV Traction Motor Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa EV Traction Motor Market Overview
9.4.2 Middle East and Africa EV Traction Motor Market Forecasts and Analysis
9.4.3 Middle East and Africa EV Traction Motor Market Forecasts and Analysis - By Motor Type
9.4.4 Middle East and Africa EV Traction Motor Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa EV Traction Motor Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa EV Traction Motor Market
9.4.5.1.1 South Africa EV Traction Motor Market by Motor Type
9.4.5.1.2 South Africa EV Traction Motor Market by Vehicle Type
9.4.5.2 Saudi Arabia EV Traction Motor Market
9.4.5.2.1 Saudi Arabia EV Traction Motor Market by Motor Type
9.4.5.2.2 Saudi Arabia EV Traction Motor Market by Vehicle Type
9.4.5.3 U.A.E EV Traction Motor Market
9.4.5.3.1 U.A.E EV Traction Motor Market by Motor Type
9.4.5.3.2 U.A.E EV Traction Motor Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa EV Traction Motor Market
9.4.5.4.1 Rest of Middle East and Africa EV Traction Motor Market by Motor Type
9.4.5.4.2 Rest of Middle East and Africa EV Traction Motor Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America EV Traction Motor Market Overview
9.5.2 South and Central America EV Traction Motor Market Forecasts and Analysis
9.5.3 South and Central America EV Traction Motor Market Forecasts and Analysis - By Motor Type
9.5.4 South and Central America EV Traction Motor Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America EV Traction Motor Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil EV Traction Motor Market
9.5.5.1.1 Brazil EV Traction Motor Market by Motor Type
9.5.5.1.2 Brazil EV Traction Motor Market by Vehicle Type
9.5.5.2 Argentina EV Traction Motor Market
9.5.5.2.1 Argentina EV Traction Motor Market by Motor Type
9.5.5.2.2 Argentina EV Traction Motor Market by Vehicle Type
9.5.5.3 Rest of South and Central America EV Traction Motor Market
9.5.5.3.1 Rest of South and Central America EV Traction Motor Market by Motor Type
9.5.5.3.2 Rest of South and Central America EV Traction Motor Market by Vehicle Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. EV TRACTION MOTOR MARKET, KEY COMPANY PROFILES
11.1. AB SKF
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ABB LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AVID TECHNOLOGY LIMITED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HITACHI AUTOMOTIVE SYSTEMS, LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NIDEC CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PARKER-HANNIFIN CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROBERT BOSCH GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VALEO SA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ZF TRW AUTOMOTIVE HOLDINGS CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZYTEK GROUP LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AB SKF
2. ABB Ltd.
3. Avid Technology Limited
4. Hitachi Automotive Systems, Ltd.
5. Nidec Corporation
6. Parker-Hannifin Corporation
7. Robert Bosch GmbH
8. Valeo SA
9. ZF TRW Automotive Holdings Corporation
10. Zytek Group Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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