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Global Electric Vehicle Traction Motor Market Research Report 2025
Synopsis
A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
The global Electric Vehicle Traction Motor market was valued at US$ 8963 million in 2023 and is anticipated to reach US$ 29200 million by 2030, witnessing a CAGR of 18.0% during the forecast period 2024-2030.
The major players in global EV Traction Motor market include Tesla, BYD, Broad-Ocean, etc. The top 3 players occupy about 35% shares of the global market. North America and Japan are main markets, they occupy about 70% of the global market. Permanent Magnet Motor is the main type, with a share about 75%. BEV is the main application, which holds a share about 70%.
This report aims to provide a comprehensive presentation of the global market for Electric Vehicle Traction Motor, 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 Electric Vehicle Traction Motor.
Report Scope
The Electric Vehicle Traction Motor market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Vehicle Traction Motor market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Vehicle Traction Motor manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Zhongshan Broad-Ocean Motor Co. Ltd.
BorgWarner Inc.
Robert Bosch GmbH
Continental AG
Siemens AG
Nidec Corporation
LG Electronics
MEIDENSHA CORPORATION
Jing-Jin Electric Technologies Co. Ltd.
Shuanglin Group
Segment by Type
Synchronous motor
Induction motor
Segment by Application
Electric cars
Electric buses
Electric scooters
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electric Vehicle Traction Motor manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electric Vehicle Traction Motor by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electric Vehicle Traction Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
The global Electric Vehicle Traction Motor market was valued at US$ 8963 million in 2023 and is anticipated to reach US$ 29200 million by 2030, witnessing a CAGR of 18.0% during the forecast period 2024-2030.
The major players in global EV Traction Motor market include Tesla, BYD, Broad-Ocean, etc. The top 3 players occupy about 35% shares of the global market. North America and Japan are main markets, they occupy about 70% of the global market. Permanent Magnet Motor is the main type, with a share about 75%. BEV is the main application, which holds a share about 70%.
This report aims to provide a comprehensive presentation of the global market for Electric Vehicle Traction Motor, 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 Electric Vehicle Traction Motor.
Report Scope
The Electric Vehicle Traction Motor market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Vehicle Traction Motor market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Vehicle Traction Motor manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Zhongshan Broad-Ocean Motor Co. Ltd.
BorgWarner Inc.
Robert Bosch GmbH
Continental AG
Siemens AG
Nidec Corporation
LG Electronics
MEIDENSHA CORPORATION
Jing-Jin Electric Technologies Co. Ltd.
Shuanglin Group
Segment by Type
Synchronous motor
Induction motor
Segment by Application
Electric cars
Electric buses
Electric scooters
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electric Vehicle Traction Motor manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electric Vehicle Traction Motor by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electric Vehicle Traction Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index1 Electric Vehicle Traction Motor Market Overview
1.1 Product Definition
1.2 Electric Vehicle Traction Motor Segment by Type
1.2.1 Global Electric Vehicle Traction Motor Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Synchronous motor
1.2.3 Induction motor
1.3 Electric Vehicle Traction Motor Segment by Application
1.3.1 Global Electric Vehicle Traction Motor Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Electric cars
1.3.3 Electric buses
1.3.4 Electric scooters
1.4 Global Market Growth Prospects
1.4.1 Global Electric Vehicle Traction Motor Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Electric Vehicle Traction Motor Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Electric Vehicle Traction Motor Production Estimates and Forecasts (2019-2030)
1.4.4 Global Electric Vehicle Traction Motor Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Electric Vehicle Traction Motor Production Market Share by Manufacturers (2019-2024)
2.2 Global Electric Vehicle Traction Motor Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Electric Vehicle Traction Motor, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Electric Vehicle Traction Motor Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Electric Vehicle Traction Motor Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Electric Vehicle Traction Motor, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Electric Vehicle Traction Motor, Product Offered and Application
2.8 Global Key Manufacturers of Electric Vehicle Traction Motor, Date of Enter into This Industry
2.9 Electric Vehicle Traction Motor Market Competitive Situation and Trends
2.9.1 Electric Vehicle Traction Motor Market Concentration Rate
2.9.2 Global 5 and 10 Largest Electric Vehicle Traction Motor Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Electric Vehicle Traction Motor Production by Region
3.1 Global Electric Vehicle Traction Motor Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Electric Vehicle Traction Motor Production Value by Region (2019-2030)
3.2.1 Global Electric Vehicle Traction Motor Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Electric Vehicle Traction Motor by Region (2025-2030)
3.3 Global Electric Vehicle Traction Motor Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Electric Vehicle Traction Motor Production by Region (2019-2030)
3.4.1 Global Electric Vehicle Traction Motor Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Electric Vehicle Traction Motor by Region (2025-2030)
3.5 Global Electric Vehicle Traction Motor Market Price Analysis by Region (2019-2024)
3.6 Global Electric Vehicle Traction Motor Production and Value, Year-over-Year Growth
3.6.1 North America Electric Vehicle Traction Motor Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Electric Vehicle Traction Motor Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Electric Vehicle Traction Motor Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Electric Vehicle Traction Motor Production Value Estimates and Forecasts (2019-2030)
4 Electric Vehicle Traction Motor Consumption by Region
4.1 Global Electric Vehicle Traction Motor Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Electric Vehicle Traction Motor Consumption by Region (2019-2030)
4.2.1 Global Electric Vehicle Traction Motor Consumption by Region (2019-2024)
4.2.2 Global Electric Vehicle Traction Motor Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Electric Vehicle Traction Motor Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Electric Vehicle Traction Motor Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Electric Vehicle Traction Motor Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Electric Vehicle Traction Motor Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Electric Vehicle Traction Motor Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Electric Vehicle Traction Motor Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Electric Vehicle Traction Motor Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Electric Vehicle Traction Motor Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Electric Vehicle Traction Motor Production by Type (2019-2030)
5.1.1 Global Electric Vehicle Traction Motor Production by Type (2019-2024)
5.1.2 Global Electric Vehicle Traction Motor Production by Type (2025-2030)
5.1.3 Global Electric Vehicle Traction Motor Production Market Share by Type (2019-2030)
5.2 Global Electric Vehicle Traction Motor Production Value by Type (2019-2030)
5.2.1 Global Electric Vehicle Traction Motor Production Value by Type (2019-2024)
5.2.2 Global Electric Vehicle Traction Motor Production Value by Type (2025-2030)
5.2.3 Global Electric Vehicle Traction Motor Production Value Market Share by Type (2019-2030)
5.3 Global Electric Vehicle Traction Motor Price by Type (2019-2030)
6 Segment by Application
6.1 Global Electric Vehicle Traction Motor Production by Application (2019-2030)
6.1.1 Global Electric Vehicle Traction Motor Production by Application (2019-2024)
6.1.2 Global Electric Vehicle Traction Motor Production by Application (2025-2030)
6.1.3 Global Electric Vehicle Traction Motor Production Market Share by Application (2019-2030)
6.2 Global Electric Vehicle Traction Motor Production Value by Application (2019-2030)
6.2.1 Global Electric Vehicle Traction Motor Production Value by Application (2019-2024)
6.2.2 Global Electric Vehicle Traction Motor Production Value by Application (2025-2030)
6.2.3 Global Electric Vehicle Traction Motor Production Value Market Share by Application (2019-2030)
6.3 Global Electric Vehicle Traction Motor Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Zhongshan Broad-Ocean Motor Co. Ltd.
7.1.1 Zhongshan Broad-Ocean Motor Co. Ltd. Electric Vehicle Traction Motor Corporation Information
7.1.2 Zhongshan Broad-Ocean Motor Co. Ltd. Electric Vehicle Traction Motor Product Portfolio
7.1.3 Zhongshan Broad-Ocean Motor Co. Ltd. Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Zhongshan Broad-Ocean Motor Co. Ltd. Main Business and Markets Served
7.1.5 Zhongshan Broad-Ocean Motor Co. Ltd. Recent Developments/Updates
7.2 BorgWarner Inc.
7.2.1 BorgWarner Inc. Electric Vehicle Traction Motor Corporation Information
7.2.2 BorgWarner Inc. Electric Vehicle Traction Motor Product Portfolio
7.2.3 BorgWarner Inc. Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.2.4 BorgWarner Inc. Main Business and Markets Served
7.2.5 BorgWarner Inc. Recent Developments/Updates
7.3 Robert Bosch GmbH
7.3.1 Robert Bosch GmbH Electric Vehicle Traction Motor Corporation Information
7.3.2 Robert Bosch GmbH Electric Vehicle Traction Motor Product Portfolio
7.3.3 Robert Bosch GmbH Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Robert Bosch GmbH Main Business and Markets Served
7.3.5 Robert Bosch GmbH Recent Developments/Updates
7.4 Continental AG
7.4.1 Continental AG Electric Vehicle Traction Motor Corporation Information
7.4.2 Continental AG Electric Vehicle Traction Motor Product Portfolio
7.4.3 Continental AG Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Continental AG Main Business and Markets Served
7.4.5 Continental AG Recent Developments/Updates
7.5 Siemens AG
7.5.1 Siemens AG Electric Vehicle Traction Motor Corporation Information
7.5.2 Siemens AG Electric Vehicle Traction Motor Product Portfolio
7.5.3 Siemens AG Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Siemens AG Main Business and Markets Served
7.5.5 Siemens AG Recent Developments/Updates
7.6 Nidec Corporation
7.6.1 Nidec Corporation Electric Vehicle Traction Motor Corporation Information
7.6.2 Nidec Corporation Electric Vehicle Traction Motor Product Portfolio
7.6.3 Nidec Corporation Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Nidec Corporation Main Business and Markets Served
7.6.5 Nidec Corporation Recent Developments/Updates
7.7 LG Electronics
7.7.1 LG Electronics Electric Vehicle Traction Motor Corporation Information
7.7.2 LG Electronics Electric Vehicle Traction Motor Product Portfolio
7.7.3 LG Electronics Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.7.4 LG Electronics Main Business and Markets Served
7.7.5 LG Electronics Recent Developments/Updates
7.8 MEIDENSHA CORPORATION
7.8.1 MEIDENSHA CORPORATION Electric Vehicle Traction Motor Corporation Information
7.8.2 MEIDENSHA CORPORATION Electric Vehicle Traction Motor Product Portfolio
7.8.3 MEIDENSHA CORPORATION Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.8.4 MEIDENSHA CORPORATION Main Business and Markets Served
7.7.5 MEIDENSHA CORPORATION Recent Developments/Updates
7.9 Jing-Jin Electric Technologies Co. Ltd.
7.9.1 Jing-Jin Electric Technologies Co. Ltd. Electric Vehicle Traction Motor Corporation Information
7.9.2 Jing-Jin Electric Technologies Co. Ltd. Electric Vehicle Traction Motor Product Portfolio
7.9.3 Jing-Jin Electric Technologies Co. Ltd. Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Jing-Jin Electric Technologies Co. Ltd. Main Business and Markets Served
7.9.5 Jing-Jin Electric Technologies Co. Ltd. Recent Developments/Updates
7.10 Shuanglin Group
7.10.1 Shuanglin Group Electric Vehicle Traction Motor Corporation Information
7.10.2 Shuanglin Group Electric Vehicle Traction Motor Product Portfolio
7.10.3 Shuanglin Group Electric Vehicle Traction Motor Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Shuanglin Group Main Business and Markets Served
7.10.5 Shuanglin Group Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Electric Vehicle Traction Motor Industry Chain Analysis
8.2 Electric Vehicle Traction Motor Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Electric Vehicle Traction Motor Production Mode & Process
8.4 Electric Vehicle Traction Motor Sales and Marketing
8.4.1 Electric Vehicle Traction Motor Sales Channels
8.4.2 Electric Vehicle Traction Motor Distributors
8.5 Electric Vehicle Traction Motor Customers
9 Electric Vehicle Traction Motor Market Dynamics
9.1 Electric Vehicle Traction Motor Industry Trends
9.2 Electric Vehicle Traction Motor Market Drivers
9.3 Electric Vehicle Traction Motor Market Challenges
9.4 Electric Vehicle Traction Motor Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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