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Electric Vehicle Traction Motor Global Market Report 2025
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Global Electric Vehicle Traction Motor Market Report 2025

Report Price : $4490.00

Pages : 200

Format : PDF

Published : December 2025

Delivery Time : 2-3 Business Days

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Electric Vehicle Traction Motor Global Market Report 2025

By Motor Type (Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)), By Voltage Ratings (High Voltage EV Traction Motors, Low Voltage EV Traction Motors), By Vehicle Type (Hybrid Vehicles, Battery Electric Vehicles, Fuel Cell Electric Vehicles), By Application (Railways, Passenger And Commercial Vehicles, Other Applications) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Electric Vehicle Traction Motor Market Overview

• Electric Vehicle Traction Motor market size has reached to $12.62 billion in 2024

• Expected to grow to $66.93 billion in 2029 at a compound annual growth rate (CAGR) of 39.3%

• Growth Driver: Surging Sales Of Hybrid Electric Vehicles Drive Growth In The Electric Vehicle Traction Motor Market

• Market Trend: Advancements In Technology Drive Innovation In The Electric Vehicle Traction Motor Market

• Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Electric Vehicle Traction Motor Market?

An electric vehicle traction motor refers to the motor that turns the wheels of a vehicle. Some vehicles use motor generators for both driving and regeneration. It is used for converting electrical energy to mechanical energy in a method that propels the vehicle beyond aerodynamic drag, rolling resistance drag, and kinetic resistance is the motor that powers the vehicle's wheels.

The main motor types of electric vehicle traction motors are permanent-magnet synchronous EV traction motors (PSM) and asynchronous EV traction motors (ASM). Permanent magnet synchronous EV traction motors can deliver excellent torque-to-current ratios, power-to-weight ratios, efficiency, and robustness. PSMs are widely employed in modern variable-speed AC drives. The voltage ratings of electric vehicle traction motors include high-voltage EV traction motors and low-voltage EV traction motors. The vehicle types that adopt electric vehicle traction motors include hybrid vehicles, battery electric vehicles, and fuel-cell electric vehicles. The various applications of electric vehicle traction motors include railways, passenger and commercial vehicles, and others.

Electric Vehicle Traction Motor Market Size and growth rate 2025 to 2029: Graph

What Is The Electric Vehicle Traction Motor Market Size 2025 And Growth Rate?

The electric vehicle traction motor market size has grown exponentially in recent years. It will grow from $12.62 billion in 2024 to $17.77 billion in 2025 at a compound annual growth rate (CAGR) of 40.8%. The growth in the historic period can be attributed to increased sales of hybrid electric vehicles (HEVs), a rise in disposable income, a rise in focus on electric vehicles, and a surge in urbanization.

What Is The Electric Vehicle Traction Motor Market Growth Forecast?

The electric vehicle traction motor market size is expected to see exponential growth in the next few years. It will grow to $66.93 billion in 2029 at a compound annual growth rate (CAGR) of 39.3%. The growth in the forecast period can be attributed to the expansion of railway networks, strict environmental regulations and emission requirements, and an increasing demand for energy-efficient motors. Major trends in the forecast period include a focus on sustainability of the entire EV (electric vehicle) supply chain, including the production and disposal of EV traction motors, adoption of rare-earth-free motors, partnerships and collaborations, new and innovative motor designs and technologies, and increasing investments to improve financial strength and product portfolio.

The forecast of 39.3% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through limited availability of neodymium magnets and precision rotor components from China and Sweden, potentially increasing motor production costs by 15-20%. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Electrical and Electronics Industry?

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

How Is The Electric Vehicle Traction Motor Market Segmented?

The electric vehicle traction motor market covered in this report is segmented –

1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)

2) By Voltage Ratings: High Voltage EV Traction Motors, Low Voltage EV Traction Motors

3) By Vehicle Type: Hybrid Vehicles, Battery Electric Vehicles, Fuel Cell Electric Vehicles

4) By Application: Railways, Passenger And Commercial Vehicles, Other Applications

Subsegments:

1) By Permanent Magnet Synchronous EV Traction Motors (PMSM): Surface-Mounted PMSM, Interior Permanent Magnet (IPM) Motors

2) By Asynchronous EV Traction Motors (ASM): Induction Motors, Squirrel Cage Motors

What Is Driving The Electric Vehicle Traction Motor Market? Surging Sales Of Hybrid Electric Vehicles Drive Growth In The Electric Vehicle Traction Motor Market

Increasing sales of hybrid electric vehicles are expected to propel the growth of the electric vehicle traction motor market. A hybrid electric vehicle is a hybrid vehicle that combines an internal combustion engine and an electric propulsion system. The rapid growth in sales of hybrid electric vehicles is expected to boost the utilization of traction motors, as they are essential components in hybrid and electric vehicles. For instance, in February 2022, according to the U.S. electric vehicle market, 59,664 hybrid vehicles were sold (up 10.2% from February 2021), with 15,763 cars and 43,801 light trucks. In February, Toyota had a 63.7% share of total hybrid sales. Prius (Prius and Prius C combined) sold 3.9% of hybrid vehicles. Therefore, the growing sales of hybrid electric vehicles are expected to boost demand for electric vehicle traction motors during the forecast period.

What Is Driving The Electric Vehicle Traction Motor Market? Stringent Environmental Regulations Propel Growth In The Electric Vehicle Traction Motor Market

Strict environmental regulations and emission requirements are expected to drive the growth of the electric vehicle traction motor market. As governments around the world strive to reduce emissions and combat climate change, they are implementing regulations that require automakers to produce vehicles with lower emissions. Electric vehicles, which produce zero tailpipe emissions, are becoming increasingly popular due to these regulations. The traction motor is a critical component of the electric vehicle, and as demand for electric vehicles increases, so does the demand for electric vehicle traction motors. For example, in 2022, the Environmental Protection Agency (EPA), a US-based independent executive agency authorized with environmental protection matters, approved the guidelines for new vehicle emissions through 2026. The new regulations will result in 3.1 billion tons of reduced CO2 emissions by 2050. Additionally, the US government wants 50% of all new vehicles produced in 2030 to be electric or plug-in hybrid versions. Therefore, the increasing environmental regulations and stricter emission requirements will drive the demand for electric vehicles and the components that power them, including electric vehicle traction motors.

Who Are The Major Players In The Global Electric Vehicle Traction Motor Market?

Major companies operating in the electric vehicle traction motor market include Siemens, ABB Limited, Hitachi Ltd, CRRC Corporation Limited, AB SKF, Robert Bosch GMBH, Mitsubishi Motors Corporation, Parker-Hannifin Corp, Bharat Heavy Electricals Ltd, Nidec Corporation, Kawasaki Heavy Industries Ltd, Ametek Inc, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd, Toshiba Corporation, Alstom Logo, EUROLOOP Ltd, Born Electric, GarageStore, Continental AG, Ford Motor Company, Fiat Chrysler Automobiles, Nissan, Rivian Automotive, VIA Motors, Chevrolet, Lucid, WEG, Eberle Motors, Voges Motors, Nova Motores, Cestari Industrial e Comercial S.A, Tintori Motores Elétricos, Motomil Motores Elétricos, Taizhou Dongchun Motor Co. Ltd, Iconiq Motors, One Moto, MG Motor, M Glory Holding Group, General Electric

What Are The Key Trends Of The Global Electric Vehicle Traction Motor Market? Advancements In Technology Drive Innovation In The Electric Vehicle Traction Motor Market

Major companies operating in the electric vehicle traction motor market are focusing on developing new technologies, such as innovative energy-efficient motor and inverter packages, to enhance overall vehicle performance and efficiency. Energy-efficient motor and inverter packages refer to integrated systems designed for electric vehicles, combining a high-performance electric motor and a corresponding inverter that optimally manages electrical power conversion. For instance, in May 2023, ABB Ltd., a Switzerland-based technology company that specializes in electrification and automation, launched an innovative energy-efficient motor and inverter package tailored for electric buses, comprising the AMXE250 motor and the HES580 inverter. This new propulsion system features the first 3-level inverter designed specifically for buses, delivering up to 12% fewer motor losses and significantly reducing harmonic losses by up to 75% compared to conventional 2-level inverters. The AMXE250 motor is characterized by high torque density and quieter operation, enhancing dynamic performance and passenger comfort. This advanced technology improves energy efficiency and extends the lifespan and reliability of the entire electric drivetrain.

What Are The Key Trends Of The Global Electric Vehicle Traction Motor Market? Surge In Popularity Of Rare-Earth-Free Motors Shapes The Electric Vehicle Traction Motor Market

The rise in the adoption of rare-earth-free motors is gaining popularity in the electric vehicle traction motor market. Rare-earth-free motors are electric motors that do not rely on rare-earth metals for their operation. Rare-earth metals such as neodymium and dysprosium are commonly used to produce permanent magnets, which are a key component of many electric vehicle traction motors. There is a growing trend towards rare-earth-free EV traction motors, as the supply of rare-earth metals can be volatile and subject to geopolitical factors. Manufacturers are exploring alternative materials and designs to reduce their reliance on rare-earth metals. For example, in July 2022, MAHLE, a Germany-based automotive parts manufacturer, launched a high-performance electric vehicle traction motor with a novel cooling technique. The new electric motor will be manufactured without the use of rare earth elements and is extremely clean, light, and efficient.

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Electric Vehicle Traction Motor Market Merger And Acquisition: WEG Industries Expands Market Reach With Acquisition of Volt Electric Motors to Diversify Product Offerings

In September 2024, WEG Industries, a Brazil-based company that produces and sells electric and electronic equipment, acquired Volt Electric Motors, seeking to diversify its product offerings in the industrial and commercial electric motor market. The acquisition will facilitate access to key regional markets, including Eastern Europe, the Middle East, Central Asia, and North Africa. Volt Electric Motors is a Turkey-based manufacturer of industrial and commercial electric motors.

Regional Outlook For The Global Electric Vehicle Traction Motor Market

Asia-Pacific was the largest region in the electric vehicle traction motor market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle traction motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electric vehicle traction motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Electric Vehicle Traction Motor Market?

The electric vehicle traction motor market consists of sales of DC motors, brushless DC motors, permanent magnet synchronous motors, three-phase induction motors, and switched reluctance motors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Electric Vehicle Traction Motor Industry?

The electric vehicle traction motors market research report is one of a series of new reports from The Business Research Company that provides electric vehicle traction motors market statistics, including electric vehicle traction motors industry global market size, regional shares, competitors with an electric vehicle traction motors market share, detailed electric vehicle traction motors market segments, market trends and opportunities, and any further data you may need to thrive in the electric vehicle traction motors industry. This electric vehicle traction motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electric Vehicle Traction Motor Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $17.77 billion
Revenue Forecast In 2034 $66.93 billion
Growth Rate CAGR of 39.3% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)
2) By Voltage Ratings: High Voltage EV Traction Motors, Low Voltage EV Traction Motors
3) By Vehicle Type: Hybrid Vehicles, Battery Electric Vehicles, Fuel Cell Electric Vehicles
4) By Application: Railways, Passenger And Commercial Vehicles, Other Applications Subsegments: 1) By Permanent Magnet Synchronous EV Traction Motors (PMSM): Surface-Mounted PMSM, Interior Permanent Magnet (IPM) Motors
2) By Asynchronous EV Traction Motors (ASM): Induction Motors, Squirrel Cage Motors
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Siemens, ABB Limited, Hitachi Ltd, CRRC Corporation Limited, AB SKF, Robert Bosch GMBH, Mitsubishi Motors Corporation, Parker-Hannifin Corp, Bharat Heavy Electricals Ltd, Nidec Corporation, Kawasaki Heavy Industries Ltd, Ametek Inc, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd, Toshiba Corporation, Alstom Logo, EUROLOOP Ltd, Born Electric, GarageStore, Continental AG, Ford Motor Company, Fiat Chrysler Automobiles, Nissan, Rivian Automotive, VIA Motors, Chevrolet, Lucid, WEG, Eberle Motors, Voges Motors, Nova Motores, Cestari Industrial e Comercial S.A, Tintori Motores Elétricos, Motomil Motores Elétricos, Taizhou Dongchun Motor Co. Ltd, Iconiq Motors, One Moto, MG Motor, M Glory Holding Group, General Electric
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Table Of Contents

1. Executive Summary

2. Electric Vehicle Traction Motor Market Characteristics

3. Electric Vehicle Traction Motor Market Trends And Strategies

4. Electric Vehicle Traction Motor Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Electric Vehicle Traction Motor Growth Analysis And Strategic Analysis Framework

5.1. Global Electric Vehicle Traction Motor PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Electric Vehicle Traction Motor Market Growth Rate Analysis

5.4. Global Electric Vehicle Traction Motor Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Electric Vehicle Traction Motor Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Electric Vehicle Traction Motor Total Addressable Market (TAM)

6. Electric Vehicle Traction Motor Market Segmentation

6.1. Global Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Permanent Magnet Synchronous EV Traction Motors (PMSM)

Asynchronous EV Traction Motors (ASM)

6.2. Global Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

High Voltage EV Traction Motors

Low Voltage EV Traction Motors

6.3. Global Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hybrid Vehicles

Battery Electric Vehicles

Fuel Cell Electric Vehicles

6.4. Global Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Railways

Passenger And Commercial Vehicles

Other Applications

6.5. Global Electric Vehicle Traction Motor Market, Sub-Segmentation Of Permanent Magnet Synchronous EV Traction Motors (PMSM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Surface-Mounted PMSM

Interior Permanent Magnet (IPM) Motors

6.6. Global Electric Vehicle Traction Motor Market, Sub-Segmentation Of Asynchronous EV Traction Motors (ASM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Induction Motors

Squirrel Cage Motors

7. Electric Vehicle Traction Motor Market Regional And Country Analysis

7.1. Global Electric Vehicle Traction Motor Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Electric Vehicle Traction Motor Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Electric Vehicle Traction Motor Market

8.1. Asia-Pacific Electric Vehicle Traction Motor Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Electric Vehicle Traction Motor Market

9.1. China Electric Vehicle Traction Motor Market Overview

9.2. China Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Electric Vehicle Traction Motor Market

10.1. India Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Electric Vehicle Traction Motor Market

11.1. Japan Electric Vehicle Traction Motor Market Overview

11.2. Japan Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Electric Vehicle Traction Motor Market

12.1. Australia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Electric Vehicle Traction Motor Market

13.1. Indonesia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Electric Vehicle Traction Motor Market

14.1. South Korea Electric Vehicle Traction Motor Market Overview

14.2. South Korea Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Electric Vehicle Traction Motor Market

15.1. Western Europe Electric Vehicle Traction Motor Market Overview

15.2. Western Europe Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Electric Vehicle Traction Motor Market

16.1. UK Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Electric Vehicle Traction Motor Market

17.1. Germany Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Electric Vehicle Traction Motor Market

18.1. France Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Electric Vehicle Traction Motor Market

19.1. Italy Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Electric Vehicle Traction Motor Market

20.1. Spain Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Electric Vehicle Traction Motor Market

21.1. Eastern Europe Electric Vehicle Traction Motor Market Overview

21.2. Eastern Europe Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Electric Vehicle Traction Motor Market

22.1. Russia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Electric Vehicle Traction Motor Market

23.1. North America Electric Vehicle Traction Motor Market Overview

23.2. North America Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Electric Vehicle Traction Motor Market

24.1. USA Electric Vehicle Traction Motor Market Overview

24.2. USA Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Electric Vehicle Traction Motor Market

25.1. Canada Electric Vehicle Traction Motor Market Overview

25.2. Canada Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Electric Vehicle Traction Motor Market

26.1. South America Electric Vehicle Traction Motor Market Overview

26.2. South America Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Electric Vehicle Traction Motor Market

27.1. Brazil Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Electric Vehicle Traction Motor Market

28.1. Middle East Electric Vehicle Traction Motor Market Overview

28.2. Middle East Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Electric Vehicle Traction Motor Market

29.1. Africa Electric Vehicle Traction Motor Market Overview

29.2. Africa Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Electric Vehicle Traction Motor Market Competitive Landscape And Company Profiles

30.1. Electric Vehicle Traction Motor Market Competitive Landscape

30.2. Electric Vehicle Traction Motor Market Company Profiles

30.2.1. Siemens Overview, Products and Services, Strategy and Financial Analysis

30.2.2. ABB Limited Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Hitachi Ltd Overview, Products and Services, Strategy and Financial Analysis

30.2.4. CRRC Corporation Limited Overview, Products and Services, Strategy and Financial Analysis

30.2.5. AB SKF Overview, Products and Services, Strategy and Financial Analysis

31. Electric Vehicle Traction Motor Market Other Major And Innovative Companies

31.1. Robert Bosch GMBH

31.2. Mitsubishi Motors Corporation

31.3. Parker-Hannifin Corp

31.4. Bharat Heavy Electricals Ltd

31.5. Nidec Corporation

31.6. Kawasaki Heavy Industries Ltd

31.7. Ametek Inc

31.8. Mitsubishi Electric Corporation

31.9. CG Power & Industrial Solutions Ltd

31.10. Toshiba Corporation

31.11. Alstom Logo

31.12. EUROLOOP Ltd

31.13. Born Electric

31.14. GarageStore

31.15. Continental AG

32. Global Electric Vehicle Traction Motor Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Electric Vehicle Traction Motor Market

34. Recent Developments In The Electric Vehicle Traction Motor Market

35. Electric Vehicle Traction Motor Market High Potential Countries, Segments and Strategies

35.1 Electric Vehicle Traction Motor Market In 2029 - Countries Offering Most New Opportunities

35.2 Electric Vehicle Traction Motor Market In 2029 - Segments Offering Most New Opportunities

35.3 Electric Vehicle Traction Motor Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Electric Vehicle Traction Motor Market, Sub-Segmentation Of Permanent Magnet Synchronous EV Traction Motors (PMSM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Electric Vehicle Traction Motor Market, Sub-Segmentation Of Asynchronous EV Traction Motors (ASM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Electric Vehicle Traction Motor Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Electric Vehicle Traction Motor Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: China, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: India, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: Japan, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Australia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: UK, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: Germany, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: France, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: Italy, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Spain, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Russia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: North America, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: USA, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: Canada, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: South America, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Africa, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Siemens Financial Performance
  • Table 78: ABB Limited Financial Performance
  • Table 79: Hitachi Ltd Financial Performance
  • Table 80: CRRC Corporation Limited Financial Performance
  • Table 81: AB SKF Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Electric Vehicle Traction Motor Market, Sub-Segmentation Of Permanent Magnet Synchronous EV Traction Motors (PMSM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Electric Vehicle Traction Motor Market, Sub-Segmentation Of Asynchronous EV Traction Motors (ASM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Electric Vehicle Traction Motor Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Electric Vehicle Traction Motor Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: China, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: India, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: Japan, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Australia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: UK, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: Germany, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: France, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: Italy, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Spain, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Russia, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: North America, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: USA, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: Canada, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: South America, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Africa, Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Siemens Financial Performance
  • Figure 78: ABB Limited Financial Performance
  • Figure 79: Hitachi Ltd Financial Performance
  • Figure 80: CRRC Corporation Limited Financial Performance
  • Figure 81: AB SKF Financial Performance

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Electric Commercial Vehicle Traction Motor Global Market Report 2025 – By Vehicle Type (Buses, Trucks, Vans), By Design (Axial Flux, Radial Flux), By Transmission (Single Speed Drive, Multi-Speed Drive), By Power Output ...

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Electric Vehicle Traction Motor Global Market Report 2025 – By Motor Type (Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)), By Voltage Ratings (High Voltage EV Traction Moto...

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Electric Traction Motor Global Market Report 2025 – By Type (AC, DC), By Power Rating (Less Than 200 kW, Between 200 kW To 400 kW, More Than 400 kW), By Application (Railway, Electric Vehicle, Elevators, Conveyors, Indus...

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Automotive Traction Motor Global Market Report 2025 – By Motor Type (Alternating Current (AC) Induction Motors, Brushless Direct Current Motor, Permanent Magnet Synchronous Motor, Switched Reluctance Motor), By Power Out...

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Frequently Asked Questions

An electric vehicle traction motor refers to the motor that turns the wheels of a vehicle. Some vehicles use motor generators for both driving and regeneration. It is used for converting electrical energy to mechanical energy in a method that propels the vehicle beyond aerodynamic drag, rolling resistance drag, and kinetic resistance is the motor that powers the vehicle's wheels. For further insights on this market, request a sample here

The market major growth driver - Surging Sales Of Hybrid Electric Vehicles Drive Growth In The Electric Vehicle Traction Motor Market. For further insights on this market, request a sample here

The electric vehicle traction motor market size has grown exponentially in recent years. It will grow from $12.62 billion in 2024 to $17.77 billion in 2025 at a compound annual growth rate (CAGR) of 40.8%. The growth in the historic period can be attributed to increased sales of hybrid electric vehicles (HEVs), a rise in disposable income, a rise in focus on electric vehicles, and a surge in urbanization. The electric vehicle traction motor market size is expected to see exponential growth in the next few years. It will grow to $66.93 billion in 2029 at a compound annual growth rate (CAGR) of 39.3%. The growth in the forecast period can be attributed to the expansion of railway networks, strict environmental regulations and emission requirements, and an increasing demand for energy-efficient motors. Major trends in the forecast period include a focus on sustainability of the entire EV (electric vehicle) supply chain, including the production and disposal of EV traction motors, adoption of rare-earth-free motors, partnerships and collaborations, new and innovative motor designs and technologies, and increasing investments to improve financial strength and product portfolio. For further insights on this market, request a sample here

The electric vehicle traction motor market covered in this report is segmented –
1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PMSM), Asynchronous EV Traction Motors (ASM)
2) By Voltage Ratings: High Voltage EV Traction Motors, Low Voltage EV Traction Motors
3) By Vehicle Type: Hybrid Vehicles, Battery Electric Vehicles, Fuel Cell Electric Vehicles
4) By Application: Railways, Passenger And Commercial Vehicles, Other Applications Subsegments:
1) By Permanent Magnet Synchronous EV Traction Motors (PMSM): Surface-Mounted PMSM, Interior Permanent Magnet (IPM) Motors
2) By Asynchronous EV Traction Motors (ASM): Induction Motors, Squirrel Cage Motors For further insights on this market, request a sample here

Asia-Pacific was the largest region in the electric vehicle traction motor market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle traction motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Major companies operating in the electric vehicle traction motor market include Siemens, ABB Limited, Hitachi Ltd, CRRC Corporation Limited, AB SKF, Robert Bosch GMBH, Mitsubishi Motors Corporation, Parker-Hannifin Corp, Bharat Heavy Electricals Ltd, Nidec Corporation, Kawasaki Heavy Industries Ltd, Ametek Inc, Mitsubishi Electric Corporation, CG Power & Industrial Solutions Ltd, Toshiba Corporation, Alstom Logo, EUROLOOP Ltd, Born Electric, GarageStore, Continental AG, Ford Motor Company, Fiat Chrysler Automobiles, Nissan, Rivian Automotive, VIA Motors, Chevrolet, Lucid, WEG, Eberle Motors, Voges Motors, Nova Motores, Cestari Industrial e Comercial S.A, Tintori Motores Elétricos, Motomil Motores Elétricos, Taizhou Dongchun Motor Co. Ltd, Iconiq Motors, One Moto, MG Motor, M Glory Holding Group, General Electric . For further insights on this market, request a sample here.

Major trends in this market include Advancements In Technology Drive Innovation In The Electric Vehicle Traction Motor Market. For further insights on this market, request a sample here.

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Global Electric Vehicle Traction Motor Market Report 2025

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