Europe Electric Motors for Electric Vehicle Market Share

Market Share of Europe Electric Motors for Electric Vehicle Industry

The Europe electric motors for electric vehicle market is moderately fragmented due to the presence of many local and global players, such as Robert Bosch GmbH, Continental AG, and Siemens AG. The market is transforming at a rapid pace, and local companies are facing tough companies from foreign players. As a result, companies are increasing investment in R&D projects to provide the best technology to car manufacturers. For instance,

• In April 2021, Japan's Nidec Corporation announced that the company has opened new offices in Serbia and is setting up two new factories in the city to expand its electric motor manufacturer in the European electric vehicle market.

Europe EV Electric Motors Market Leaders

1. Continental AG

2. Robert Bosch GmbH

3. DENSO Corporation

4. Magna International

5. Siemens AG

*Disclaimer: Major Players sorted in no particular order