A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
This report contains market size and forecasts of EV Traction Motor in global, including the following market information:
Global EV Traction Motor Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global EV Traction Motor Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five EV Traction Motor companies in 2021 (%)
The global EV Traction Motor market was valued at 9222.5 million in 2021 and is projected to reach US$ 89160 million by 2028, at a CAGR of 38.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
AC Induction Motor Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of EV Traction Motor include BMW, Tesla, Broad-Ocean, BYD, Nissan, Continental AG, Jing-Jin Electric Technologies, ZF and Groupe Renault, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the EV Traction Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global EV Traction Motor Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global EV Traction Motor Market Segment Percentages, by Type, 2021 (%)
AC Induction Motor
Permanent Magnet Motor
Global EV Traction Motor Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global EV Traction Motor Market Segment Percentages, by Application, 2021 (%)
BEV
PHEV
Global EV Traction Motor Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global EV Traction Motor Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies EV Traction Motor revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies EV Traction Motor revenues share in global market, 2021 (%)
Key companies EV Traction Motor sales in global market, 2017-2022 (Estimated), (K Units)
Key companies EV Traction Motor sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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