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Electric Vehicle Motors-Global Market Insights and Sales Trends 2025
Synopsis
The motor is one of the three core systems of electric vehicles. It is the main drive system for vehicle driving. Its characteristics determine the main performance indicators of the vehicle and directly affect the vehicle's dynamics, economy, and user driving experience. An electric vehicle drive motor is an electrical device that converts electrical energy into mechanical energy to provide driving force for vehicle driving. The device can also have the function of converting mechanical energy into electrical energy.
The global Electric Vehicle Motors market size is expected to reach US$ 10550 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Vehicle Motors in various end use industries. The expanding demands from the Battery Electric Vehicle (BEV) and Plug-In-Hybrid Vehicles (PHEV), are propelling Electric Vehicle Motors market. Permanent Magnet Synchronous Motor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Asynchronous Motor segment is estimated at % CAGR for the next seven-year period.
Global electric motors for vehicles companies include Tesla, Volkswagen, BYD, ZF and Bosch, etc. Global top 3 companies hold a share over 46%. Europe is the largest market, with a share about 47%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Vehicle Motors, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Vehicle Motors market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Vehicle Motors market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Vehicle Motors sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Vehicle Motors covered in this report include FUKUTA, BYD, Broad-Ocean Motor, ZF Friedrichshafen AG, Bosch, JJE, JEE, Mitsubishi Motors and Hitachi, etc.
The global Electric Vehicle Motors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
FUKUTA
BYD
Broad-Ocean Motor
ZF Friedrichshafen AG
Bosch
JJE
JEE
Mitsubishi Motors
Hitachi
UAES
HUAYU Automotive Systems
Magna
Greatland Electrics
Hepu Power
FDM
Zhuhai Enpower
Global Electric Vehicle Motors market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Vehicle Motors market, Segment by Type:
Permanent Magnet Synchronous Motor
Asynchronous Motor
Global Electric Vehicle Motors market, by Application
Battery Electric Vehicle (BEV)
Plug-In-Hybrid Vehicles (PHEV)
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Vehicle Motors manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Vehicle Motors in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The motor is one of the three core systems of electric vehicles. It is the main drive system for vehicle driving. Its characteristics determine the main performance indicators of the vehicle and directly affect the vehicle's dynamics, economy, and user driving experience. An electric vehicle drive motor is an electrical device that converts electrical energy into mechanical energy to provide driving force for vehicle driving. The device can also have the function of converting mechanical energy into electrical energy.
The global Electric Vehicle Motors market size is expected to reach US$ 10550 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Vehicle Motors in various end use industries. The expanding demands from the Battery Electric Vehicle (BEV) and Plug-In-Hybrid Vehicles (PHEV), are propelling Electric Vehicle Motors market. Permanent Magnet Synchronous Motor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Asynchronous Motor segment is estimated at % CAGR for the next seven-year period.
Global electric motors for vehicles companies include Tesla, Volkswagen, BYD, ZF and Bosch, etc. Global top 3 companies hold a share over 46%. Europe is the largest market, with a share about 47%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Vehicle Motors, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Vehicle Motors market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Vehicle Motors market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Vehicle Motors sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Vehicle Motors covered in this report include FUKUTA, BYD, Broad-Ocean Motor, ZF Friedrichshafen AG, Bosch, JJE, JEE, Mitsubishi Motors and Hitachi, etc.
The global Electric Vehicle Motors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
FUKUTA
BYD
Broad-Ocean Motor
ZF Friedrichshafen AG
Bosch
JJE
JEE
Mitsubishi Motors
Hitachi
UAES
HUAYU Automotive Systems
Magna
Greatland Electrics
Hepu Power
FDM
Zhuhai Enpower
Global Electric Vehicle Motors market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Vehicle Motors market, Segment by Type:
Permanent Magnet Synchronous Motor
Asynchronous Motor
Global Electric Vehicle Motors market, by Application
Battery Electric Vehicle (BEV)
Plug-In-Hybrid Vehicles (PHEV)
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Vehicle Motors manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Vehicle Motors in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electric Vehicle Motors Market Overview
1.1 Electric Vehicle Motors Product Overview
1.2 Electric Vehicle Motors Market Segment by Type
1.2.1 Permanent Magnet Synchronous Motor
1.2.2 Asynchronous Motor
1.3 Global Electric Vehicle Motors Market Size by Type
1.3.1 Global Electric Vehicle Motors Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Vehicle Motors Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Vehicle Motors Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Vehicle Motors Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Vehicle Motors Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Vehicle Motors Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Vehicle Motors Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Vehicle Motors Sales Breakdown by Type (2018-2023)
2 Global Electric Vehicle Motors Market Competition by Company
2.1 Global Top Players by Electric Vehicle Motors Sales (2018-2023)
2.2 Global Top Players by Electric Vehicle Motors Revenue (2018-2023)
2.3 Global Top Players by Electric Vehicle Motors Price (2018-2023)
2.4 Global Top Manufacturers Electric Vehicle Motors Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Vehicle Motors Market Competitive Situation and Trends
2.5.1 Electric Vehicle Motors Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Vehicle Motors Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electric Vehicle Motors as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Vehicle Motors Market
2.8 Key Manufacturers Electric Vehicle Motors Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Vehicle Motors Status and Outlook by Region
3.1 Global Electric Vehicle Motors Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Vehicle Motors Historic Market Size by Region
3.2.1 Global Electric Vehicle Motors Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Vehicle Motors Sales in Value by Region (2018-2023)
3.2.3 Global Electric Vehicle Motors Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Vehicle Motors Forecasted Market Size by Region
3.3.1 Global Electric Vehicle Motors Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Vehicle Motors Sales in Value by Region (2024-2029)
3.3.3 Global Electric Vehicle Motors Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Vehicle Motors by Application
4.1 Electric Vehicle Motors Market Segment by Application
4.1.1 Battery Electric Vehicle (BEV)
4.1.2 Plug-In-Hybrid Vehicles (PHEV)
4.2 Global Electric Vehicle Motors Market Size by Application
4.2.1 Global Electric Vehicle Motors Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Vehicle Motors Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Vehicle Motors Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Vehicle Motors Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Vehicle Motors Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Vehicle Motors Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Vehicle Motors Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Vehicle Motors Sales Breakdown by Application (2018-2023)
5 North America Electric Vehicle Motors by Country
5.1 North America Electric Vehicle Motors Historic Market Size by Country
5.1.1 North America Electric Vehicle Motors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Vehicle Motors Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Vehicle Motors Sales in Value by Country (2018-2023)
5.2 North America Electric Vehicle Motors Forecasted Market Size by Country
5.2.1 North America Electric Vehicle Motors Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Vehicle Motors Sales in Value by Country (2024-2029)
6 Europe Electric Vehicle Motors by Country
6.1 Europe Electric Vehicle Motors Historic Market Size by Country
6.1.1 Europe Electric Vehicle Motors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Vehicle Motors Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Vehicle Motors Sales in Value by Country (2018-2023)
6.2 Europe Electric Vehicle Motors Forecasted Market Size by Country
6.2.1 Europe Electric Vehicle Motors Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Vehicle Motors Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Vehicle Motors by Region
7.1 Asia-Pacific Electric Vehicle Motors Historic Market Size by Region
7.1.1 Asia-Pacific Electric Vehicle Motors Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Vehicle Motors Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Vehicle Motors Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Vehicle Motors Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Vehicle Motors Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Vehicle Motors Sales in Value by Region (2024-2029)
8 Latin America Electric Vehicle Motors by Country
8.1 Latin America Electric Vehicle Motors Historic Market Size by Country
8.1.1 Latin America Electric Vehicle Motors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Vehicle Motors Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Vehicle Motors Sales in Value by Country (2018-2023)
8.2 Latin America Electric Vehicle Motors Forecasted Market Size by Country
8.2.1 Latin America Electric Vehicle Motors Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Vehicle Motors Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Vehicle Motors by Country
9.1 Middle East and Africa Electric Vehicle Motors Historic Market Size by Country
9.1.1 Middle East and Africa Electric Vehicle Motors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Vehicle Motors Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Vehicle Motors Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Vehicle Motors Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Vehicle Motors Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Vehicle Motors Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 FUKUTA
10.1.1 FUKUTA Company Information
10.1.2 FUKUTA Introduction and Business Overview
10.1.3 FUKUTA Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.1.4 FUKUTA Electric Vehicle Motors Products Offered
10.1.5 FUKUTA Recent Development
10.2 BYD
10.2.1 BYD Company Information
10.2.2 BYD Introduction and Business Overview
10.2.3 BYD Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BYD Electric Vehicle Motors Products Offered
10.2.5 BYD Recent Development
10.3 Broad-Ocean Motor
10.3.1 Broad-Ocean Motor Company Information
10.3.2 Broad-Ocean Motor Introduction and Business Overview
10.3.3 Broad-Ocean Motor Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Broad-Ocean Motor Electric Vehicle Motors Products Offered
10.3.5 Broad-Ocean Motor Recent Development
10.4 ZF Friedrichshafen AG
10.4.1 ZF Friedrichshafen AG Company Information
10.4.2 ZF Friedrichshafen AG Introduction and Business Overview
10.4.3 ZF Friedrichshafen AG Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ZF Friedrichshafen AG Electric Vehicle Motors Products Offered
10.4.5 ZF Friedrichshafen AG Recent Development
10.5 Bosch
10.5.1 Bosch Company Information
10.5.2 Bosch Introduction and Business Overview
10.5.3 Bosch Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Bosch Electric Vehicle Motors Products Offered
10.5.5 Bosch Recent Development
10.6 JJE
10.6.1 JJE Company Information
10.6.2 JJE Introduction and Business Overview
10.6.3 JJE Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.6.4 JJE Electric Vehicle Motors Products Offered
10.6.5 JJE Recent Development
10.7 JEE
10.7.1 JEE Company Information
10.7.2 JEE Introduction and Business Overview
10.7.3 JEE Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.7.4 JEE Electric Vehicle Motors Products Offered
10.7.5 JEE Recent Development
10.8 Mitsubishi Motors
10.8.1 Mitsubishi Motors Company Information
10.8.2 Mitsubishi Motors Introduction and Business Overview
10.8.3 Mitsubishi Motors Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Mitsubishi Motors Electric Vehicle Motors Products Offered
10.8.5 Mitsubishi Motors Recent Development
10.9 Hitachi
10.9.1 Hitachi Company Information
10.9.2 Hitachi Introduction and Business Overview
10.9.3 Hitachi Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Hitachi Electric Vehicle Motors Products Offered
10.9.5 Hitachi Recent Development
10.10 UAES
10.10.1 UAES Company Information
10.10.2 UAES Introduction and Business Overview
10.10.3 UAES Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.10.4 UAES Electric Vehicle Motors Products Offered
10.10.5 UAES Recent Development
10.11 HUAYU Automotive Systems
10.11.1 HUAYU Automotive Systems Company Information
10.11.2 HUAYU Automotive Systems Introduction and Business Overview
10.11.3 HUAYU Automotive Systems Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.11.4 HUAYU Automotive Systems Electric Vehicle Motors Products Offered
10.11.5 HUAYU Automotive Systems Recent Development
10.12 Magna
10.12.1 Magna Company Information
10.12.2 Magna Introduction and Business Overview
10.12.3 Magna Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Magna Electric Vehicle Motors Products Offered
10.12.5 Magna Recent Development
10.13 Greatland Electrics
10.13.1 Greatland Electrics Company Information
10.13.2 Greatland Electrics Introduction and Business Overview
10.13.3 Greatland Electrics Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Greatland Electrics Electric Vehicle Motors Products Offered
10.13.5 Greatland Electrics Recent Development
10.14 Hepu Power
10.14.1 Hepu Power Company Information
10.14.2 Hepu Power Introduction and Business Overview
10.14.3 Hepu Power Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Hepu Power Electric Vehicle Motors Products Offered
10.14.5 Hepu Power Recent Development
10.15 FDM
10.15.1 FDM Company Information
10.15.2 FDM Introduction and Business Overview
10.15.3 FDM Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.15.4 FDM Electric Vehicle Motors Products Offered
10.15.5 FDM Recent Development
10.16 Zhuhai Enpower
10.16.1 Zhuhai Enpower Company Information
10.16.2 Zhuhai Enpower Introduction and Business Overview
10.16.3 Zhuhai Enpower Electric Vehicle Motors Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Zhuhai Enpower Electric Vehicle Motors Products Offered
10.16.5 Zhuhai Enpower Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Vehicle Motors Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electric Vehicle Motors Industrial Chain Analysis
11.4 Electric Vehicle Motors Market Dynamics
11.4.1 Electric Vehicle Motors Industry Trends
11.4.2 Electric Vehicle Motors Market Drivers
11.4.3 Electric Vehicle Motors Market Challenges
11.4.4 Electric Vehicle Motors Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Vehicle Motors Distributors
12.3 Electric Vehicle Motors Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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