Electric Vehicle Traction Motor Market Size, Share & Trends Analysis Report By Vehicle Type (Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), By Region, And Segment Forecasts, 2019 - 2025

Published: Nov, 2019 | Pages: 90 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global electric vehicle traction motor market size is expected to reach USD 19.8 billion by 2025, registering a CAGR of 41.6% over the forecast period, according to a new study by Grand View Research, Inc. Traction motor is the most vital component used in Electric Vehicles (EV) as it aids the movement of the vehicle. Rise in the adoption EVs has been a major contributor to the market growth.

Governments of developing and developed countries are taking initiatives for boosting the adoption of electric vehicles, through establishment of various stringent norms and policies regarding carbon emissions, as a result of the growing environmental hazards posed by traditional combustion engine vehicles. Moreover, they are providing subsidies for purchasing battery-operated commercial vehicles, which in turn is motivating people to opt for electric vehicles. Hence, factors such as growing environmental concerns and stringent emission norms along with the rising awareness regarding the advantages of EVs is propelling growth of the EV traction motor market.

Furthermore, the cost of ownership of combustion engine vehicles has witnessed rapid rise as a result of the consistent increase in the prices of petrol and diesel. Growing ownership cost has made fleet owners to switch to battery operated vehicles. Although, lower loading capacity is proving to be a restraint for the higher adoption of EVs, companies are observed to be making huge investments to develop advanced technology for EVs and developing powerful motors and batteries. This is expected to eventually reduce the impact of the aforementioned growth restraints over the forecast period.

Further key findings from the study suggest:

• The BEV segment held a market share of over 50% in 2018, owing to the higher production and availability of fully battery-operated vehicles globally

• The PHEV segment is forecasted to expand at a significant CAGR over the forecast period, due to reduced risk of vehicle shut down during the commute

• Asia Pacific is expected to account for the highest market share, followed by North America, by 2025. High adoption of EVs in countries such as China, contributed to the higher share of Asia Pacific

• Key market players in electric vehicle traction motor market include ABB Limited, Robert Bosch GMBH, ZF TRW Automotive Holdings Corporation, Parker-Hannifin Corp., Avid Technology Limited, and Valeo SA

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Research Methodology
                  1.2. Research Scope & Assumptions
                  1.3. List of Data Sources
Chapter 2. Executive Summary
                  2.1. Electric vehicle traction motors Regional Marketplace: Key Takeaways
Chapter 3. Electric vehicle traction motors Market Industry Outlook
                  3.1. Market Segmentation
                  3.2. Market Size and Growth Prospects, 2014 - 2025
                  3.3. Value Chain Analysis
                  3.4. Market Dynamics
                      3.4.1. Market driver analysis
                      3.4.2. Market restraint/challenge analysis
                      3.4.3. Market opportunity analysis
                  3.5. Penetration & Growth Prospect Mapping
                  3.6. Industry Analysis - Porter's
                  3.7. PEST Analysis
Chapter 4. Electric Vehicle Traction Motors Market: Vehicle Type Outlook
                  4.1. Electric vehicle traction motors Market Share by vehicle type, 2018 & 2025 (USD Million)
                  4.2. BEV
                      4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                  4.3. PHEV
                      4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 5. Electric Vehicle Traction Motors Market: Regional Outlook
                  5.1. Electric vehicle traction motors Market share by region, 2018 & 2025 (USD Million)
                  5.2. North America
                      5.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.2.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.2.3. U.S.
                          5.2.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.2.3.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.2.4. Canada
                          5.2.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.2.4.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                  5.3. Europe
                      5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.3.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.3.3. U.K.
                          5.3.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.3.3.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.3.4. Germany
                          5.3.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.3.4.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.3.5. France
                          5.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.3.5.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.3.6. Norway
                          5.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.3.6.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.3.7. Netherlands
                          5.3.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.3.7.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.3.8. Sweden
                          5.3.8.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.3.8.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                  5.4. Asia Pacific
                      5.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.4.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.4.3. China
                          5.4.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.4.3.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.4.4. India
                          5.4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.4.4.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.4.5. Japan
                          5.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.4.5.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.4.6. Korea
                          5.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.4.6.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                  5.5. Latin America
                      5.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.5.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.5.3. Brazil
                          5.5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.5.3.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                      5.5.4. Mexico
                          5.5.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          5.5.4.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
                  5.6. Middle East & Africa
                      5.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.6.2. Market estimates and forecast by vehicle type, 2014 - 2025 (USD Million)
Chapter 6. Competitive Landscape
                  6.1. ABB Limited
                      6.1.1. Company Overview
                      6.1.2. Financial Performance
                      6.1.3. Product Benchmarking
                      6.1.4. Strategic Initiatives
                  6.2. Parker-Hannifin Corp.
                      6.2.1. Company Overview
                      6.2.2. Financial Performance
                      6.2.3. Product Benchmarking
                      6.2.4. Strategic Initiatives
                  6.3. SKF AB.
                      6.3.1. Company Overview
                      6.3.2. Financial Performance
                      6.3.3. Product Benchmarking
                      6.3.4. Strategic Initiatives
                  6.4. ZF TRW Automotive Holdings Corporation
                      6.4.1. Company Overview
                      6.4.2. Financial Performance
                      6.4.3. Product Benchmarking
                      6.4.4. Strategic Initiatives
                  6.5. Robert Bosch GMBH
                      6.5.1. Company Overview
                      6.5.2. Financial Performance
                      6.5.3. Product Benchmarking
                      6.5.4. Strategic Initiatives
                  6.6. Valeo SA
                      6.6.1. Company Overview
                      6.6.2. Financial Performance
                      6.6.3. Product Benchmarking
                      6.6.4. Strategic Initiatives
                  6.7. Zytek Group Limited.
                      6.7.1. Company Overview
                      6.7.2. Financial Performance
                      6.7.3. Product Benchmarking
                      6.7.4. Strategic Initiatives
                  6.8. Hitachi, Ltd.
                      6.8.1. Company Overview
                      6.8.2. Financial Performance
                      6.8.3. Product Benchmarking
                      6.8.4. Strategic Initiatives
                  6.9. Avid Technology Limited
                      6.9.1. Company Overview
                      6.9.2. Financial Performance
                      6.9.3. Product Benchmarking
                      6.9.4. Strategic Initiatives
                  6.10. YASA Motors Ltd.
                      6.10.1. Company Overview
                      6.10.2. Financial Performance
                      6.10.3. Product Benchmarking
                      6.10.4. Strategic Initiatives
                  6.11. Nidec Corporation
                      6.11.1. Company Overview
                      6.11.2. Financial Performance
                      6.11.3. Product Benchmarking
                      6.11.4. Strategic Initiatives

List of Tables

Table 1 List of abbreviations
Table 2 Electric vehicle traction motors Market - Industry snapshot & key buying criteria, 2014 - 2025
Table 3 Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 4 Electric vehicle traction motors Market, by region, 2014 - 2025 (USD Million)
Table 5 Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 6 BEV Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 7 BEV Electric vehicle traction motors Market, by region, 2014 - 2025 (USD Million)
Table 8 PHEV Electric vehicle traction motors segment Market, 2014 - 2025 (USD Million)
Table 9 PHEV Electric vehicle traction motors segment Market, by region, 2014 - 2025 (USD Million)
Table 10 North America Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 11 North America Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 12 U.S. Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 13 U.S. Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 14 Canada Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 15 Canada Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 16 Europe Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 17 Europe Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 18 U.K. Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 19 U.K. Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 20 Germany America Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 21 Germany Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 22 France Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 23 France Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 24 Norway Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 25 Norway Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 26 Netherlands Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 27 Netherlands Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 28 Sweden Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 29 Sweden Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 30 Asia Pacific Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 31 Asia Pacific Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 32 China Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 33 China Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 34 India Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 35 India Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 36 Japan Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 37 Japan Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 38 Korea Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 39 Korea Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 40 Latin America Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 41 Latin America Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 42 Brazil Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 43 Brazil Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 44 Mexico Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 45 Mexico Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)
Table 46 Middle East & Africa Electric vehicle traction motors Market, 2014 - 2025 (USD Million)
Table 47 Middle East & Africa Electric vehicle traction motors Market, by vehicle type, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Research process
FIG. 2 Information procurement
FIG. 3 Electric vehicle traction motors regional marketplace: Key takeaways
FIG. 4 Electric vehicle traction motors - Market segmentation & scope
FIG. 5 Electric vehicle traction motors - Market size and growth prospects, 2014 - 2025 (USD Million)
FIG. 6 Electric vehicle traction motors - Value chain analysis
FIG. 7 Electric vehicle traction motors - Market dynamics
FIG. 8 Electric vehicle traction motors - Market driver relevance analysis (Current & future impact)
FIG. 9 Electric vehicle traction motors - Market restraint/challenge relevance analysis (Current & future impact)
FIG. 10 Electric vehicle traction motors - Market opportunity relevance analysis (Current & future impact)
FIG. 11 Electric vehicle traction motors - Penetration & growth prospect mapping
FIG. 12 Electric vehicle traction motors - Porter's analysis
FIG. 13 Electric vehicle traction motors - PEST analysis
FIG. 14 Global Electric vehicle traction motors vehicle type outlook, 2018 & 2025
FIG. 15 Global Electric vehicle traction motors regional outlook, 2018 & 2025
FIG. 16 North America Electric vehicle traction motors market - Key takeaways
FIG. 17 Europe Electric vehicle traction motors market - Key takeaways
FIG. 18 Asia Pacific Electric vehicle traction motors market - Key takeaways
FIG. 19 Latin America Electric vehicle traction motors market - Key takeaways
FIG. 20 Middle East & Africa Electric vehicle traction motors market - Key takeaways