The Market Reports

Synopsis

The global market for Automotive Drive Motor was estimated to be worth US$ 12207 million in 2024 and is forecast to a readjusted size of US$ 33712 million by 2031 with a CAGR of 15.1% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Automotive Drive Motor cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

An automotive drive motor is a key component in electric vehicles that converts electrical energy into mechanical energy to generate motion. It replaces or supplements the internal combustion engine in traditional vehicles, serving as the primary propulsion system. Drive motors can be used in battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs). The most common types include permanent magnet synchronous motors (PMSM) and asynchronous motors (AM), offering varying levels of efficiency, torque, and control responsiveness depending on the application.

The automotive drive motor market is undergoing significant transformation, driven by the accelerating shift toward vehicle electrification and decarbonization. With increasing global attention to environmental sustainability, governments and manufacturers are focusing on electrified powertrains as a long-term solution to reduce emissions. Automotive drive motors are at the core of this transition, and their performance directly affects vehicle range, responsiveness, and efficiency. Key areas of innovation include improving motor efficiency, reducing material costs (especially rare-earth dependency), and integrating motors with electronic control units for smarter, more responsive systems. Permanent magnet synchronous motors continue to dominate passenger EV applications, while asynchronous motors are preferred in some commercial or high-performance segments due to their durability and cost structure. As the electric vehicle market matures, the demand for compact, lightweight, and high-performance drive motors is expected to reshape supply chains and influence long-term R&D strategies across the automotive industry.

This report aims to provide a comprehensive presentation of the global market for Automotive Drive Motor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Automotive Drive Motor by region & country, by Type, and by Application.

The Automotive Drive Motor market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Drive Motor.

Market Segmentation
By Company

• Tesla
• BYD
• Huawei
• ZF
• Bosch
• Mitsubishi Motors
• Hitachi
• United Automotive Electronic Systems
• Inovance
• VREMT
• Zhejiang Founder
• Volkswagen Automatic Transmission
• NIO XPT
• Hasco
• Nidec
• Broad-Ocean Motor
• Shuanglin Automotive
• Leapmotor
• JJE
• CRRC Times Electric
• Chery New Energy
• JEE

Segment by Type

• Permanent Magnet Synchronous Motor (PMSM)
• Asynchronous Motor
• Other

Segment by Motor

• Copper Wire Forming Technology
• Hairpin Winding Motor
• Round Wire Winding Motor

Segment by Application

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.