Selbyville, Delaware Global Electric Vehicle Traction Motor market was valued at USD 3.97 billion in 2020 and is anticipated to showcase a y-o-y growth rate of 41.60% during 2021-2027, subsequently generating around USD 45.31 billion by 2027.
The report for Electric Vehicle Traction Motor Market offers an assiduous analysis of contemporary market trends, driving factors, consumer behaviour, key player strategies, product usage and brand positioning. The market trends and driving factors included in the report offer clients with a fresher perspective in planning the roadmap for their products and services taking various socio-economic factors under consideration.
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Electric vehicle traction motor uses electricity energy from battery installed in electric vehicle, to provide the required torque for the propulsion of electric vehicle. Rising awareness regarding environment protection is shifting consumer’s focus towards electric vehicle. Rising government funding for the electric vehicle infrastructure, rising sales of electric vehicle around the world and rising research and development in electric vehicle are growing the demand for electric vehicle traction motor. For instance, according to International Energy Agency, in Europe 363000 battery electric vehicle got registered in 2019 which increased to 747000 registrations in 2020. Also, in China registration of battery electric vehicle increased from 834000 in 2019 to 931000 in 2020. Additionally, in September 2020, South Korean government announced the investment of USD 17 billion to boost the number of electric cars from the current 110,000 to 1.13 million by 2025, and hydrogen vehicles from 8,000 to 200,000. Furthermore, stringent government norms to safeguard environmental sustainability and technological advancements in traction motors for electric vehicle are expected to boost the application of these motors in electric vehicles. Such as, government of United Kingdom has set the target to end the sale of petrol and diesel cars and vans by 2040.
List of Top Key Players
Zytek Group Limited
Magnetic Systems Technology
Robert Bosch GmbH
Hitachi Automotive Systems Americas, Inc.
Copper Rotor Induction Motor
Avid Technology Limited
Retorq Motors Ltd.
The Electric Vehicle Traction Motor market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
Global Electric Vehicle Traction Motor market: competitive landscape analysis
This report contains the major manufacturers analysis of the global Electric Vehicle Traction Motor industry. By understanding the operations of these manufacturers (sales volume, revenue, sales price and gross margin from 2021 to 2027), the reader can understand the strategies and collaborations that the manufacturers are focusing on combat competition in the market.
Global Electric Vehicle Traction Motor market: types and end industries analysis
The research report includes specific segments such as end industries and product types of Electric Vehicle Traction Motor. The report provides market size (sales volume and revenue) for each type and end industry from 2021 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Electric Vehicle Traction Motor in 2021?
- What shall be the market size by 2027?
- Which region shall account for the largest market share of the Electric Vehicle Traction Motor?
- What are the market threats and opportunities considered by the vendors in the Electric Vehicle Traction Motor?
Table of Contents:
- Market Introduction
- Research Methodology
- Executive Summary
- Market Variables, Trend and Scope
- Market Overview
- Market Analysis Tools
- Market Segmentation
- Regional Landscape
- Company Profiles
- Impact of COVID-19
- Competitive Intelligence and Competitive Matrix
- Major Deals and Strategic Alliances Analysis
- Relevant Case Studies and Latest News Updates
- Key Market Takeaway Points from the Market Analysts
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