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A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
In the coming years there is an increasing demand for EV Traction Motor in the regions of United States and Europe that is expected to drive the market for more advanced EV Traction Motor. Growth in government budgets in the principal countries, increasing of new energy automotive fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of EV Traction Motor will drive growth in North America and Europe markets.
Market Analysis and Insights: Global EV Traction Motor Market
The global EV Traction Motor market was valued at US$ 12000 in 2020 and will reach US$ 83580 million by the end of 2027, growing at a CAGR of 38.2% during 2022-2027.
Global EV Traction Motor Scope and Market Size
The global EV Traction Motor market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global EV Traction Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
AC Induction Motor
Permanent Magnet Motor
Segment by Application
BEV
PHEV
The EV Traction Motor market is analysed and market size information is provided by regions (countries). Segment by Application, the EV Traction Motor market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
BMW
Tesla
Broad-Ocean
BYD
Nissan
Continental AG
Jing-Jin Electric Technologies
ZF
Groupe Renault
Toyota
Meidensha
BOSCH
UAES
LG
Dajun Tech
SIEMENS
Greatland Electrics
Hitachi Automotive Systems
Magna
In the coming years there is an increasing demand for EV Traction Motor in the regions of United States and Europe that is expected to drive the market for more advanced EV Traction Motor. Growth in government budgets in the principal countries, increasing of new energy automotive fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of EV Traction Motor will drive growth in North America and Europe markets.
Market Analysis and Insights: Global EV Traction Motor Market
The global EV Traction Motor market was valued at US$ 12000 in 2020 and will reach US$ 83580 million by the end of 2027, growing at a CAGR of 38.2% during 2022-2027.
Global EV Traction Motor Scope and Market Size
The global EV Traction Motor market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global EV Traction Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
AC Induction Motor
Permanent Magnet Motor
Segment by Application
BEV
PHEV
The EV Traction Motor market is analysed and market size information is provided by regions (countries). Segment by Application, the EV Traction Motor market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
BMW
Tesla
Broad-Ocean
BYD
Nissan
Continental AG
Jing-Jin Electric Technologies
ZF
Groupe Renault
Toyota
Meidensha
BOSCH
UAES
LG
Dajun Tech
SIEMENS
Greatland Electrics
Hitachi Automotive Systems
Magna
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
