The Electric Vehicle Traction Motor Market size was valued at USD 13.23 Bn. in 2023 and the total market is expected to grow at a CAGR of 15 % from 2024 to 2030, reaching nearly USD 35.19 Bn. by 2030. 

Electric Vehicle Traction Motor Market Overview

Stellar Market Research, an Electric Vehicle Traction Motor business research firm has published a report on the Electric Vehicle Traction Motor Market. As per the Electric Vehicle Traction Motor report, the total market for Electric Vehicle Traction Motor Market was USD 13.23Bn. in 2023 and is expected to reach USD 35.19Bn. by 2030.

Electric Vehicle Traction Motor Market Report Scope and Research Methodology

The report on the Market covers an in-depth analysis of the industry. Key insights of the report include the Electric Vehicle Traction Motor Market size and the growth rate. The report also helps to rectify and resolve issues related to the market situation. The study discusses the Electric Vehicle Traction Motor market's Drivers, Restraints, Opportunities, and Challenges.

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Data was gathered from a variety of secondary sources, including annual reports, investor presentations, SEC filings, and other business periodicals. Such an analysis provides valuable information on market penetration, regional dominance and growth strategies adopted by the key players in the market.

Electric Vehicle Traction Motor Market Regional Insights

The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis used in the report to understand the Electric Vehicle Traction Motor market status in various countries.  The Electric Vehicle Traction Motor market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Electric Vehicle Traction Motor Market Segmentation

by Motor Type

AC Induction Motors

Permanent Magnet Synchronous Motors

Switched Reluctance Motors

Others

by Vehicle Type

Battery Electric Vehicles (BEV)

Hybrid Electric Vehicles (HEV)

Plug-In Hybrid Electric Vehicles (PHEV)

Others

by Power Output

Less than 250 kW

251-500 kW

More than 500 kW

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Electric Vehicle Traction Motor Market Key Players

Robert Bosch GmbH (Germany)
Siemens AG (Germany)
Toshiba Corporation (Japan)
BorgWarner Inc. (US)
Continental AG (Germany)
DENSO Corporation (Japan)
Valeo SA (France)
WEG S.A. (Brazil)
YASA Limited (UK)
ZF Friedrichshafen AG (Germany)
Hino Motors, Ltd. (Japan)
TM4 Inc. (Canada)
ABB Ltd. (Switzerland)
Advanced Motors & Drives (US)
Emerson Electric Co.(US)
GKN Automotive Limited (UK)
Hitachi Automotive Systems, Ltd. (Japan)
Hyundai Mobis Co., Ltd. (South Korea)
Jing-Jin Electric Technologies (China)
Magna International Inc. (Canada)
Mahindra Electric Mobility Limited (India)
Mitsubishi Electric Corporation (Japan)
Nidec Corporation (Japan)
Parker-Hannifin Corporation (US)
Regal Beloit Corporation (US)

Key questions answered in the Electric Vehicle Traction Motor Market are:

• What is Electric Vehicle Traction Motor?
• What was the Electric Vehicle Traction Motor market size in 2023?
• What is the growth rate of the Electric Vehicle Traction Motor Market?
• Which are the factors expected to drive the Electric Vehicle Traction Motor market growth?
• What are the different segments of the Electric Vehicle Traction Motor Market?
• What growth strategies are the players considering to increase their presence in Electric Vehicle Traction Motor?
• What are the upcoming industry applications and trends for the Electric Vehicle Traction Motor Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric Vehicle Traction Motor Market?
• What segments are covered in the Electric Vehicle Traction Motor Market?
• Who are the leading companies and what are their portfolios in Electric Vehicle Traction Motor Market?
• What segments are covered in the Electric Vehicle Traction Motor Market?
• Who are the key players in the Electric Vehicle Traction Motor market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
  • Competitive landscape Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTERs analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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