Electric Vehicle Drive Motor Market
Electric Vehicle Drive Motor Market Size, Trend Analysis Report By Motor type (DC Motor, Brushless Permanent Magnet Motor, Brushed Motor, AC Motor, Induction Motor), By Vehicle type (Two wheelers, Passenger Cars, Commercial Vehicles, Heavy Duty Vehicles) - Regional Forecast to 2028
Analysis of Electric Vehicle Drive Motor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electric Vehicle Drive Motor Market: Introduction
Electric vehicle drive motor is an electro-mechanical device which transforms electrical energy into mechanical force which provides power to drive the electric vehicle. All battery operated electric vehicle have electric motors installed in place of combustion engine in ignition and subsequent locomotion of the vehicle.
Electric vehicle drive motor also finds it use in hybrid electric vehicles which additionally incorporates the device along with the conventional combustion engine. Electric vehicle drive motor are available in the form AC induction motors, DC brushless & brushed motors, and AC permanent magnet motors. Some of the electric vehicle drive motor manufacturers are investing in finding the alternatives of AC & DC motors. Power output of the electric vehicle drive motor varies according to the type of electric vehicle.
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Electric Vehicle Drive Motor Market: Dynamics
Growth of electric vehicle drive motor market is driven by the growth in electric vehicle production and adoption in several countries of the globe. Many factors such as silent operation, increased concern towards reducing air pollution and increasing conventional fuel prices is increasing the adoption of electric vehicles owing to which there is rise in the demand for electric vehicle drive motors from the electric vehicles manufacturers. Battery & Hybrid Electric Vehicles are showing the better fuel efficiency over the time, owing to which there is shift towards the use of electric vehicles which is increasing the demand for electric vehicle drive motors in the market.
Many country’s governments are giving attractive incentives and subsidies to people for increasing the adoption of electric vehicles, owing to which there will be significant increase in the adoption of electric vehicles which will cause the robust growth in the electric vehicle drive motor market.
The manufacturers of electric vehicle drive motor are focusing towards increasing the efficiency of the motors and making it 100%, such innovations will continue to have positive impact on the electric vehicle drive motor market. Conversely, high price of electric vehicles, lack of electric vehicle infrastructure are the factors which are holding back the electric vehicle market in developing and price sensitive countries. The above factors might act as restraining factors for the electric vehicle drive motor.
Electric Vehicle Drive Motor Market: Regional Outlook
Predominance of electric vehicle manufacturers and increasing adoption of electric vehicle in Japan makes it prominent market region for electric vehicle drive motor. In the regions such as North America and Europe have significant presence of electric vehicle manufacturers, also there is increase in the electric vehicle infrastructure and increased shift towards electric vehicles makes North America and Europe significant market for electric vehicle drive motor.
In the Asia Pacific region governments of countries like China and India are focusing towards increasing the adoption of electric vehicles. For instance government of China has indicated it will invest approximately US$ 600 Bn for the advancement of electric vehicles, in India the government is planning to remove the permits on the use of Electric Vehicles.
Also the increase in the manufacturing of Electric Vehicles in Asia Pacific regions makes it promising market for electric vehicle drive motor. In regions of Latin America and Middle East & Africa there is less production of electric vehicles as compared to others but it is expected to grow at a good pace over the forecast period, owing to which Latin America and MEA can be considered as potential market region for electric vehicle drive motor.
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Electric Vehicle Drive Motor Market: Key Participants
Examples of some of the market participants operating in the global electric vehicle drive motor market are
- Siemens AG
- Yaskawa Electric Corporation
- Baldor Electric Company Inc.
- Continental AG
- Toshiba Corporation
- BYD Company Limited
- Hyundai Mobis
- Zhengzhou Yutong Bus Co., Ltd.
The electric vehicle drive motor research report presents a comprehensive assessment of the electric vehicle drive motor market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on electric vehicle drive motor provides analysis and information according to electric vehicle drive motor market segments such as geographies, application and industry.
The report covers exhaustive analysis on
- Electric Vehicle Drive Motor Market Segments
- Electric Vehicle Drive Motor Market Dynamics
- Electric Vehicle Drive Motor Market Size
- Electric Vehicle Drive Motor Supply & Demand Scenario
- Current Trends/Issues/Challenges in Electric Vehicle Drive Motor Market
- Competition & Companies involved in Electric Vehicle Drive Motor Market
- Technology in Electric Vehicle Drive Motor Market
- Electric Vehicle Drive Motor Market Value Chain
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Competitive landscape highlights only certain players
Complete list available upon request
Report Highlights:
- Detailed overview of parent market
- Changing electric vehicle drive motor market dynamics in the industry
- In-depth electric vehicle drive motor market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments in electric vehicle drive motor market
- Competitive landscape in electric vehicle drive motor market
- Strategies of key players and products offered in electric vehicle drive motor market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their electric vehicle drive motor market footprint
Electric Vehicle Drive Motor Market: Segmentation
The global electric vehicle drive motor can be segmented on the basis of motor type and vehicle type.
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The global electric vehicle motor drive market is segmented on the basis of motor type:
- DC Motor
- Brushless Permanent Magnet Motor
- Brushed Motor
- Hermitic Motor
- AC Motor
- Induction Motor
- Synchronous Permanent Magnet Motor
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The global electric vehicle motor drive market is segmented on the basis of vehicle type:
- Two wheelers
- Passenger Cars
- Commercial Vehicles
- Heavy Duty Vehicles
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Motor Type
- 6.2. Vehicle Type
- 7. Global Market Analysis and Forecast, By Motor Type
- 7.1. DC Motor
- 7.2. Brushless Permanent Magnet Motor
- 7.3. Brushed Motor
- 7.4. Hermetic Motor
- 7.5. AC Motor
- 7.6. Induction Motor
- 7.7. Synchronous Permanent Magnet Motor
- 7.8. Motor Type
- 8. Global Market Analysis and Forecast, By Vehicle Type
- 8.1. Two Wheelers
- 8.2. Passenger Cars
- 8.3. Commercial Vehicles
- 8.4. Heavy Duty Vehicles
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries1
- 17. Sales Forecast by Motor Type and Vehicle Type for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Siemens AG
- 19.2. Yaskawa Electric Corporation
- 19.3. Baldor Electric Company Inc.
- 19.4. Continental AG
- 19.5. Toshiba Corporation
- 19.6. BYD Company Limited
- 19.7. Hyundai Mobis
- 19.8. Zhengzhou Yutong Bus Co., Ltd.
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Motor Type
Table 03: Global Market US$ Mn Forecast by Vehicle Type
Table 04: North America Market US$ Mn Forecast by Country
Table 05: North America Market US$ Mn Forecast by Motor Type
Table 06: North America Market US$ Mn Forecast by Vehicle Type
Table 07: Latin America Market US$ Mn Forecast by Country
Table 08: Latin America Market US$ Mn Forecast by Motor Type
Table 09: Latin America Market US$ Mn Forecast by Vehicle Type
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Motor Type
Table 12: Western Europe Market US$ Mn Forecast by Vehicle Type
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Motor Type
Table 15: Eastern Europe Market US$ Mn Forecast by Vehicle Type
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Motor Type
Table 18: Asia Pacific Market US$ Mn Forecast by Vehicle Type
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Motor Type
Table 21: East Asia Market US$ Mn Forecast by Vehicle Type
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Motor Type
Table 24: MEA Market US$ Mn Forecast by Vehicle Type
Table 25: Region Market US$ Mn Forecast by Country
Table 26: Region Market US$ Mn Forecast by Motor Type
Table 27: Region Market US$ Mn Forecast by Vehicle Type
Table 28: North America Market US$ Mn Forecast by Country
Table 29: North America Market US$ Mn Forecast by Motor Type
Table 30: North America Market US$ Mn Forecast by Vehicle Type
Table 31: Latin America Market US$ Mn Forecast by Country
Table 32: Latin America Market US$ Mn Forecast by Motor Type
Table 33: Latin America Market US$ Mn Forecast by Vehicle Type
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Insights on import/export production,
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 07: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 08: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 26: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 27: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 28: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 29: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 30: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Motor Type
Figure 32: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 33: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How is the Electric Vehicle Drive Motor Market likely to Grow During the Forecast Period?
Electric vehicle drive motor market is expected to grow at a CAGR of 21.26% during the forecast period.
Why Electric Vehicle Drive Motor Market has High Growth Potential?
Rapid urbanization is expected to act as the key driver of the electric vehicle drive motor market.
Where will Manufacturers find Most Opportunities in the Electric Vehicle Drive Motor Industry?
Asia Pacific is predicted to account for 47% of market revenue.
Electric Vehicle Drive Motor Market