Market Overview
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Growth Rate | 28.00% CAGR |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Electric Vehicle Motor Market Analysis
The Electric Motors for Electric Vehicle Market is expected to register a CAGR of greater than 28% during the forecast period.
The electric vehicle motor manufacturers industry is undergoing a significant transformation as automotive manufacturers increasingly invest in expanding their electric vehicle production capabilities. Major electric vehicle manufacturers are establishing dedicated electric vehicle manufacturing facilities and forming strategic partnerships with motor manufacturers to secure their supply chains. For instance, in February 2023, Bosch Mobility Solutions announced a USD 260 million investment to expand the production of electric vehicle motors for the Rivian R1T pickup truck at its Charleston plant in South Carolina. This trend of localized production is becoming increasingly prevalent as manufacturers aim to reduce supply chain vulnerabilities and meet growing regional demand.
Technological advancements in electric motor design are reshaping the industry landscape, with manufacturers focusing on developing more efficient and powerful motors. The industry is witnessing a shift towards permanent magnet synchronous motors (PMSM) and brushless DC motors, which offer higher efficiency and better performance characteristics. Electric vehicles are increasingly incorporating advanced motor technologies, with some models featuring dual or triple motor configurations for enhanced performance. In the European Union, electric and hybrid vehicles accounted for approximately 43% of new car sales in the third quarter of 2022, demonstrating the growing adoption of these advanced propulsion technologies.
Manufacturing capacity expansion has become a key focus area for electric motor manufacturers as they prepare to meet the surge in demand. Companies are investing heavily in new production facilities and upgrading existing ones with advanced manufacturing capabilities. In February 2023, Nidec Corporation announced an investment of USD 715 million in Mexico to manufacture electric motors and e-axle drives for electric vehicles, with the plant expected to have a production capacity of 1 million units annually. These expansions are accompanied by significant investments in research and development to improve motor efficiency and reduce production costs.
The industry is experiencing a fundamental shift in supply chain dynamics, with increased emphasis on regional manufacturing capabilities and vertical integration. Electric motor companies are establishing closer relationships with raw material suppliers, particularly for critical components like copper wire and permanent magnets. In April 2023, Sumitomo Industries expanded its manufacturing facilities in Scotland, United Kingdom, strengthening its position in the European market. This trend towards regional manufacturing hubs is particularly evident in North America and Europe, where manufacturers are working to establish robust supply chains to support the growing electric vehicle industry. Norway's achievement of 79.3% electric vehicle sales in new car registrations in 2022 exemplifies the growing demand that manufacturers must prepare to meet.
Electric Vehicle Motor Market Trends
Emphasis on Energy Sustainable Transportation
The transportation sector's significant contribution to global CO2 emissions, accounting for approximately 24% of global emissions, has accelerated the push toward sustainable mobility solutions. Electric car manufacturers have emerged as a crucial technology for reducing transportation-related emissions, with studies showing that all-electric vehicles produce significantly lower emissions compared to conventional vehicles—approximately 3,932 pounds of CO2 equivalent annually versus 11,435 pounds for gasoline vehicles. This stark difference in environmental impact has made electric vehicles a cornerstone of global sustainability initiatives, with both public and private sectors increasingly investing in the electrification of transportation.
The transition to sustainable transportation is further supported by improvements in electric vehicle technology and charging infrastructure development. Electric powertrains are demonstrating superior efficiency compared to internal combustion engines, with electric vehicles requiring less energy per mile traveled. The development of fast-charging technologies and the growing proportion of renewable energy in charging networks are enhancing the environmental benefits of electric vehicles. Additionally, electric vehicle manufacturers are making significant strides in improving battery technology and motor efficiency, which is crucial for addressing range anxiety and promoting wider adoption of electric vehicles as a sustainable transportation solution.
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Ramping Electric Vehicle Sales and Regional Policies
Global electric vehicle adoption has witnessed unprecedented growth, with sales exceeding 10 million units in 2022, representing 14% of total global car sales. This remarkable growth is primarily driven by strong policy support across major markets, with governments implementing various incentives and regulations to accelerate the transition to electric mobility. The European Union's announcement to ban the sale of new ICE vehicles from 2035 represents one of the most significant policy developments, while other regions are implementing similar measures. These policy frameworks are complemented by substantial investments in charging infrastructure, with the United States alone approving plans to cover roughly 75,000 miles of highways with charging stations.
The automotive industry's response to these policy initiatives has been equally robust, with electric car companies significantly expanding their electric vehicle portfolios and production capabilities. Major automakers are making substantial investments in electric vehicle development and manufacturing facilities. For instance, Ford announced its commitment to spending $11.4 billion on electrifying its vehicle lineup of trucks and cars in new manufacturing sites. This industry-wide transformation is further supported by technological advancements in electric motors for electric vehicles and power electronics, leading to improved vehicle performance and reduced costs. The combination of supportive policies, manufacturer commitments, and technological progress is creating a strong foundation for continued growth in electric vehicle adoption.
Segment Analysis: Propulsion Type
Battery Electric Vehicle (BEV) Segment in Electric Vehicle Market
The Battery Electric Vehicle segment has emerged as the dominant force in the electric vehicle market, commanding approximately 80% market share in 2024. This substantial market position is driven by several factors, including stringent emission regulations across North America and Europe, improving battery technology, and expanding charging infrastructure. Major automotive manufacturers have significantly increased their BEV production capacity, with companies like Tesla, Ford, and General Motors leading the charge. The segment's growth is further supported by government incentives and subsidies in key markets, particularly in regions like California where zero-emission vehicle mandates have accelerated BEV adoption. Additionally, the segment benefits from decreasing battery costs and increasing consumer awareness about environmental sustainability, making BEVs an increasingly attractive option for both personal and commercial use.
Battery Electric Vehicle (BEV) Growth Trajectory in Electric Vehicle Market
The BEV segment is experiencing remarkable growth momentum, with projections indicating an impressive growth rate of approximately 31% from 2024 to 2029. This accelerated growth is fueled by technological advancements in battery technology, expanding range capabilities, and improving charging infrastructure across North America and Europe. Automotive manufacturers are making substantial investments in BEV production facilities and research & development, with many announcing ambitious plans to expand their electric vehicle portfolios. The segment's growth is also supported by increasing consumer confidence in electric vehicle technology, declining total cost of ownership, and the expanding variety of BEV models across different price points and vehicle categories. Furthermore, commercial fleet operators are increasingly transitioning to BEVs, particularly in the last-mile delivery segment, contributing to the segment's robust growth trajectory.
Remaining Segments in Propulsion Type
The electric vehicle market includes other significant propulsion types such as Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). HEVs continue to serve as an important transition technology, offering consumers a bridge between conventional and fully electric vehicles. PHEVs provide flexibility with both electric and gasoline powertrains, making them particularly attractive in regions with developing charging infrastructure. Meanwhile, FCEVs represent an emerging technology with particular potential in the commercial vehicle sector, especially for long-haul transportation where battery weight and charging time constraints are significant factors. These segments complement the BEV market by offering diverse solutions for different user needs and infrastructure conditions.
Segment Analysis: Vehicle Type
Passenger Car Segment in Electric Vehicle Motor Wire Market
The passenger car segment continues to dominate the electric vehicle motor wire market, commanding approximately 94% of the total market share in 2024. This substantial market presence is driven by the increasing adoption of electric passenger vehicles across North America and Europe. Major automotive manufacturers are actively expanding their electric passenger vehicle portfolios, with companies like Ford Motors announcing plans to include three all-electric passenger vehicles in Europe and targeting sales of over 600,000 electric vehicles annually. The segment's growth is further supported by stringent emission regulations, government incentives, and improving charging infrastructure across both regions. The rising consumer awareness about environmental sustainability and the expanding range of electric passenger car models across various price points have also contributed significantly to this segment's market leadership.
Commercial Vehicle Segment in Electric Vehicle Motor Wire Market
The commercial vehicle segment is emerging as the fastest-growing segment in the electric vehicle motor wire market, with projections indicating robust growth through 2024-2029. This accelerated growth is primarily driven by the increasing adoption of electric vehicles in commercial fleets, particularly in last-mile delivery and logistics operations. E-commerce companies and logistics providers are increasingly transitioning their fleets to electric vehicles to reduce operational costs and meet sustainability goals. The segment is witnessing significant developments, with companies like Navistar International Inc. establishing new assembly facilities dedicated to manufacturing electric vehicles in large quantities. The growth is further supported by government initiatives promoting zero-emission commercial vehicles and the expanding infrastructure for commercial electric vehicle charging across North America and Europe.
Segment Analysis: By Vehicle Type
Passenger Car Segment in Electric Vehicle Motors Market
The passenger car segment continues to dominate the electric vehicle motors market, holding approximately 94% market share in 2024. This significant market position is driven by increasing consumer adoption of electric passenger vehicles across North America and Europe. Major automotive manufacturers are expanding their electric passenger vehicle portfolios with new model launches and technological innovations. The segment's growth is further supported by government incentives and subsidies specifically targeting personal electric vehicles, along with expanding charging infrastructure in urban areas. Additionally, advancements in motor technology, including improved power density and efficiency, are making electric passenger vehicles more attractive to consumers. The segment is also benefiting from decreasing battery costs and increasing range capabilities, which are addressing key consumer concerns about electric vehicle adoption.
Commercial Vehicle Segment in Electric Vehicle Motors Market
The commercial vehicle segment is emerging as the fastest-growing segment in the electric vehicle motors market, with a projected growth rate of approximately 30% from 2024 to 2029. This remarkable growth is primarily driven by increasing adoption of electric vehicles in logistics, public transportation, and commercial fleets. The segment is witnessing substantial investments from both established automotive manufacturers and new entrants focusing on electric trucks, buses, and delivery vehicles. Growing emphasis on reducing carbon emissions in commercial transportation, coupled with favorable government regulations and incentives for commercial electric vehicles, is accelerating market growth. The segment is also benefiting from advancements in high-power motor technologies specifically designed for commercial applications, enabling improved performance and reliability. Additionally, the rising focus on total cost of ownership advantages and the expanding e-commerce sector are creating strong demand for electric commercial vehicles.
Segment Analysis: By Motor Type
Brushless DC Motor Segment in Electric Vehicle Motor Wire Market
The Brushless DC Motor segment maintains its dominant position in the electric vehicle motor wire market, commanding approximately 44% market share in 2024. This significant market presence can be attributed to several key advantages that Brushless DC motors offer, including higher speed ranges, noiseless operation, faster dynamic response, and superior speed versus torque characteristics. These motors are particularly valued for their high ratio of torque delivered relative to motor size, making them ideal for electric vehicles where high power output combined with lightness and compactness are critical factors. Major electric vehicle manufacturers are increasingly integrating brushless DC motors into their vehicles due to benefits such as high efficiency, wide speed range, low electromagnetic interference (EMI), and minimal maintenance requirements. The segment's growth is further supported by its widespread use in electric scooters and motorcycles, where energy efficiency is paramount.
Synchronous Reluctance Motor Segment in Electric Vehicle Motor Wire Market
The Synchronous Reluctance Motor segment is emerging as the fastest-growing segment in the market, projected to grow at approximately 26% during 2024-2029. This remarkable growth trajectory is driven by the segment's increasing adoption in electric and hybrid vehicles, primarily due to its simple and robust construction. The segment's expansion is further supported by its ability to deliver continuous torque higher than that of an Asynchronous Motor, making it particularly attractive for electric vehicle applications. Several motor manufacturers are investing heavily in research and development across regions to enhance the capabilities of synchronous reluctance motors. For instance, Valeo and Renault's joint development of a wound-field synchronous motor in 2023, achieving an output of 200 kW, demonstrates the ongoing innovation in this segment. The technology's potential for improved efficiency and performance continues to attract investment and development focus from major industry players.
Remaining Segments in Motor Type Market
The market's other significant segments include Permanent Magnet Synchronous Motor (PMSM), Asynchronous Motor, and other specialized motor types such as Axial Flux Ironless Permanent Magnet Motors. The PMSM segment maintains strong market presence due to its high efficiency and widespread use in hybrid electric vehicles, particularly valued for its high overload capacity and ability to maintain full torque at low speeds. The Asynchronous Motor segment, while smaller, offers advantages in terms of robustness and cost-effectiveness, making it suitable for specific electric vehicle applications. The remaining specialized motor types, including Axial Flux Ironless Permanent Magnet Motors and Switched Reluctance Motors, continue to serve niche applications within the electric vehicle market, each offering unique advantages for specific vehicle types and use cases. These segments collectively contribute to the market's diversity and technological advancement, providing manufacturers with various options to meet different electric vehicle requirements.
Segment Analysis: By Type of Motor Wire
Rectangular Copper Wire Segment in Electric Vehicle Motor Wire Market
Rectangular Copper Wire has emerged as the dominant segment in the electric vehicle motor wire market, commanding approximately 63% of the total market share in 2024. This segment's prominence can be attributed to several key advantages, including superior fill factor due to its stackability and greater power density capabilities. Rectangular copper wires offer significantly better heat dissipation due to their larger surface area compared to round wires, making them ideal for high-performance electric vehicle motors. The segment is experiencing robust growth with an expected growth rate of nearly 28% through 2029, driven by increasing demand for high-efficiency traction motors in electric vehicles. The rectangular wire's ability to provide less electrical resistance due to higher cross-sectional area and lower copper loss has made it the preferred choice among major electric vehicle manufacturers. Additionally, by following hairpin or wave winding processes, rectangular wires enable the production of highly compact EV motors, which is crucial for modern electric vehicle designs where space optimization is paramount.
Round Copper Wire Segment in Electric Vehicle Motor Wire Market
The Round Copper Wire segment continues to maintain a significant presence in the electric vehicle motor wire market, offering unique advantages in terms of manufacturing simplicity and cost-effectiveness. This segment is particularly valued for its easier handling characteristics and uniform bending capabilities, which simplify the coil insertion process during motor manufacturing. Round copper wires are designed with straightforward manufacturing processes, making them more accessible for various applications in electric vehicle motors. The segment benefits from established manufacturing infrastructure and widespread availability, making it a reliable choice for certain electric vehicle applications where cost optimization is a priority. Despite some limitations in terms of space utilization and heat dissipation compared to rectangular wires, round copper wires continue to serve specific niches in the electric vehicle motor market, particularly in applications where extreme performance requirements are not critical.
Electric Motors for Electric Vehicle Market Geography Segment Analysis
Electric Motors for Electric Vehicle Market in North America
The North American electric vehicle motor market demonstrates robust growth driven by the increasing adoption of electric vehicles across the United States and Canada. The region benefits from strong government support through incentives and infrastructure development initiatives. The United States leads the regional market with its advanced automotive manufacturing capabilities and the presence of major electric vehicle manufacturers, while Canada shows promising growth through progressive electric mobility policies. Both countries are witnessing significant investments in charging infrastructure and manufacturing facilities for electric vehicle components, including motors.
Electric Motors for Electric Vehicle Market in United States
The United States dominates the North American market, holding approximately 88% market share in 2024. The country's leadership position is strengthened by the presence of major electric vehicle manufacturers like Tesla, General Motors, and Ford, who are continuously expanding their electric vehicle portfolios. The US market benefits from substantial government support through initiatives like the Zero Emission Vehicle (ZEV) program and investment in charging infrastructure development. The country has also witnessed significant investments in manufacturing facilities for electric vehicle components, including motors, with several key players establishing or expanding their production capabilities to meet growing demand. Notably, electric motor manufacturers in the USA are playing a crucial role in this expansion.
Electric Motors for Electric Vehicle Market Growth Trajectory in United States
The United States continues to demonstrate exceptional growth potential in the electric vehicle motor market, with an expected CAGR of approximately 24% from 2024 to 2029. This growth is driven by increasing consumer awareness about environmental sustainability, improving charging infrastructure, and expanding electric vehicle model options. The country's automotive industry is undergoing rapid transformation with major manufacturers committing to electrification goals. The growth is further supported by federal and state-level incentives promoting electric vehicle adoption, along with significant investments in research and development of advanced motor technologies. The presence of leading US electric motor manufacturers further bolsters the market's growth trajectory.
Electric Motors for Electric Vehicle Market in Europe
The European electric vehicle motor market showcases strong growth dynamics supported by stringent emission regulations and comprehensive government support across major economies including Germany, France, the United Kingdom, Italy, and Spain. The region benefits from a well-established automotive manufacturing base and a strong focus on sustainable transportation solutions. Each country contributes uniquely to the market's growth, with Germany leading in manufacturing capability, France showing rapid adoption rates, and the UK demonstrating strong infrastructure development. The presence of prominent electric motor manufacturers in the UK further enhances the region's market potential.
Electric Motors for Electric Vehicle Market in Germany
Germany maintains its position as the largest market in Europe, commanding approximately 20% market share in 2024. The country's leadership is underpinned by its robust automotive manufacturing ecosystem and the presence of major automotive manufacturers like Volkswagen, BMW, and Mercedes-Benz. Germany's market strength is reinforced by significant investments in research and development, particularly in advanced motor technologies. The country has established itself as a hub for electric vehicle component manufacturing, including motors, supported by strong government policies promoting electric mobility.
Electric Motors for Electric Vehicle Market Growth Trajectory in France
France emerges as the fastest-growing market in Europe, with an anticipated CAGR of approximately 17% from 2024 to 2029. The country's impressive growth is driven by aggressive government initiatives promoting electric vehicle adoption and the development of charging infrastructure. France has positioned itself as a key player in the electric vehicle ecosystem through strategic investments and partnerships. The country's automotive industry is undergoing significant transformation with major manufacturers like Renault leading the charge in electric vehicle development and production, supported by a strong network of component suppliers and technology innovators.
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Electric Vehicle Motor Industry Overview
Top Companies in Electric Vehicle Motor Wire Market
The electric vehicle motor wire market features prominent players like Essex Furukawa, Sumitomo Industries, REA Magnet Wire, and LS Cable & System leading the innovation landscape. These electric motor companies are actively investing in research and development to enhance their product portfolios, particularly focusing on high-performance rectangular copper wires and advanced insulation technologies. Strategic partnerships with automotive manufacturers and traction motor manufacturers have become increasingly common, enabling streamlined supply chains and customized solutions. Companies are expanding their manufacturing footprints across key EV markets while simultaneously developing sustainable production practices and eco-friendly wire solutions. The industry witnesses continuous technological advancement in areas such as thermal management, conductivity optimization, and dimensional precision to meet the evolving demands of electric vehicle powertrains.
Consolidated Market with Strong Regional Players
The electric vehicle motor wire market demonstrates a moderately consolidated structure, characterized by the presence of both global conglomerates and specialized regional manufacturers. Global players like Essex Furukawa and Sumitomo Industries leverage their extensive manufacturing networks and established relationships with automotive OEMs, while regional specialists focus on serving specific geographic markets with customized solutions. The market's competitive dynamics are shaped by vertical integration strategies, with several players maintaining control over their supply chains from raw material procurement to final wire production. The industry has witnessed increased collaboration between wire manufacturers and electric vehicle producers, leading to joint development initiatives and long-term supply agreements.
The market exhibits strong regional variations in competitive intensity, with Asia Pacific hosting the largest concentration of manufacturers due to its robust electric vehicle production ecosystem. Merger and acquisition activities have been primarily focused on expanding geographical presence and acquiring technological capabilities, particularly in emerging markets. Companies are increasingly investing in specialized production facilities dedicated to electric vehicle motor wire manufacturing, while also maintaining diversified product portfolios across other industrial sectors to manage market risks.
Innovation and Sustainability Drive Future Success
Success in the electric vehicle motor wire market increasingly depends on manufacturers' ability to balance technological innovation with cost-effective production methods. Incumbent players are strengthening their market positions through continuous investment in advanced manufacturing processes, quality control systems, and sustainable production practices. Companies are also focusing on developing specialized wire solutions that address specific requirements of different electric vehicle platforms, while maintaining close relationships with both automotive manufacturers and motor manufacturers. The ability to provide comprehensive technical support, rapid prototyping capabilities, and reliable supply chain management has become crucial for maintaining competitive advantage.
For new entrants and emerging players, success strategies center around identifying and serving niche market segments with specialized products and superior technical support. The market presents significant opportunities for companies that can develop innovative solutions addressing key challenges such as heat resistance, power density, and manufacturing efficiency. Regulatory requirements regarding environmental sustainability and material recycling are becoming increasingly important factors in product development and manufacturing processes. Companies must also consider the growing influence of electric vehicle manufacturers in supplier selection and maintain flexibility to adapt to rapidly evolving technical specifications and quality requirements. Leading electric motor brands are poised to capitalize on these trends by aligning their offerings with market demands.
Electric Vehicle Motor Market Leaders
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Bosch Mobility Solutions
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ABB Co. Ltd.
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Nidec Corporation
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Brose Fahrzeugteile SE & Co. KG
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Johnson Electric Group
- *Disclaimer: Major Players sorted in no particular order
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Electric Vehicle Motor Market News
- In November 2022, Nidec Corporation announced an investment of USD 715 million in Mexico to manufacture electric motors and e-axle drives for electric vehicles. The plant is anticipated to have a production capacity of 1 million units annually when it becomes operational in April 2023 or March 2024.
- In October 2022, Brose Fahrzeugteile GmbH & Co. KG started the second building construction at its Bamberg location. The expansion will add 13000 sq m and increase the workspaces from 600 to 1200. The company is investing EUR 60 million (USD 62.4 million) in the growth of the premises.
- In August 2022, Brose Fahrzeugteile GmbH & Co. KG announced an investment of EUR 1.5 million (USD 1.56 million) to double the capacity of measuring electromagnetic compatibility (EMC) at its Wurzburg R&D center in Germany.
- In February 2022, Valeo SA bought out Siemens AG's stake in their joint electric vehicle components venture called Valeo Siemens eAutomotive, which manufactures motors, axles, and powertrain electronics for electric vehicles.
Electric Vehicle Motor Industry Segmentation
Electric motors, primarily used for the propulsion/traction of electric vehicles, have been considered under the market scope. The electric motors for the electric vehicle market have been segmented by assembly type, application, motor type, vehicle type, power, and geography. The scope of the report covers details about recent developments, trends, and technologies in the market.
By assembly type, the market is segmented into the wheel hub and central Powertrain. The market is segmented by application type into passenger and commercial vehicles. The market is segmented by motor type: brushless DC motors, permanent magnet DC motors, asynchronous electric motors, synchronous reluctance motors, and others (axial flux ironless permanent magnet motors, switched reluctance motors, etc.) By power, the market is segmented into up to 100 KW, 101-250 KW, and Above 250 KW. By geography, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The report also provides market sizing and forecast for all the abovementioned segments in USD billion.
| Assembly | Wheel Hub | ||
| Central Power Train | |||
| Application | Passenger Cars | ||
| Commercial Vehicles | |||
| Motor Type | Brushless DC Motor | ||
| Permanent Magnet Synchronous Motor | |||
| Asynchronous Motor | |||
| Synchronous Reluctance Motor | |||
| Others (Axial Flux Ironless Permanent Magnet Motor, Switched Reluctance Motors, etc. | |||
| Power | Up to 100 kW | ||
| 101-250 kW | |||
| Above 250 kW | |||
| Geography | North America | United States | |
| Canada | |||
| Rest of North America | |||
| Europe | United Kingdom | ||
| Germany | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| Asia-Pacific | India | ||
| China | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Rest of the World | South America | ||
| Middle-East and Africa | |||
Assembly
| Wheel Hub |
| Central Power Train |
Application
| Passenger Cars |
| Commercial Vehicles |
Motor Type
| Brushless DC Motor |
| Permanent Magnet Synchronous Motor |
| Asynchronous Motor |
| Synchronous Reluctance Motor |
| Others (Axial Flux Ironless Permanent Magnet Motor, Switched Reluctance Motors, etc. |
Power
| Up to 100 kW |
| 101-250 kW |
| Above 250 kW |
Geography
| North America | United States |
| Canada | |
| Rest of North America | |
| Europe | United Kingdom |
| Germany | |
| France | |
| Italy | |
| Rest of Europe | |
| Asia-Pacific | India |
| China | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific | |
| Rest of the World | South America |
| Middle-East and Africa |
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Electric Vehicle Motor Market Research FAQs
What is the current Electric Motors for Electric Vehicle Market size?
The Electric Motors for Electric Vehicle Market is projected to register a CAGR of greater than 28% during the forecast period (2025-2030)
Who are the key players in Electric Motors for Electric Vehicle Market?
Bosch Mobility Solutions, ABB Co. Ltd., Nidec Corporation, Brose Fahrzeugteile SE & Co. KG and Johnson Electric Group are the major companies operating in the Electric Motors for Electric Vehicle Market.
Which is the fastest growing region in Electric Motors for Electric Vehicle Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Electric Motors for Electric Vehicle Market?
In 2025, the Asia-Pacific accounts for the largest market share in Electric Motors for Electric Vehicle Market.
What years does this Electric Motors for Electric Vehicle Market cover?
The report covers the Electric Motors for Electric Vehicle Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Electric Motors for Electric Vehicle Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
