Global Electric Vehicle Traction Motor Market Forecast up to 2024

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[85 Report Pages]This market research report includes a detailed segmentation of the global Electric Vehicle Traction Motor market by motor type (Synchronous Motor, Induction Motor), motor capacity (<40 kW, ≥40 kW to <80 kW, and ≥80 kW), vehicle type (battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV)), and application (electric cars, electric buses, and electric scooters). The market research report identifies Zhongshan Broad-Ocean Motor Co., Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Siemens AG, Nidec Corporation, LG Electronics and others as the major players operating in the global electric Vehicle Traction Motor market.

Electric Vehicle Traction Motor Market Overview:

The global electric vehicle (EV) traction motor market is expected to witness significant growth during the forecast period. The market is driven by increasing government initiatives on electric vehicle adoption, increasing focus on expanding electric vehicle charging infrastructure, and growing preference for electrification of the public fleet. Electric vehicles are equipped with an electric motor for propulsion of the vehicle. These vehicles can be classified into battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). BEV is a zero-emission vehicle that purely runs on a battery and electric traction motor without an internal combustion engine (ICE). The battery can be plugged in and recharged from an external energy source. PHEV is equipped with two propulsion modes, i.e., drive motor and internal combustion engine (ICE). When the battery is high, the vehicle runs on the drive motor and when the battery is low, the vehicle runs on ICE.

Competitive Analysis & Key Vendors

The global electric vehicle traction motor market is expected to 30.9% during the forecast period 2018–2024. The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape.

Few of the Electric Vehicle Traction Motor Market key players profiled in this study include

  • Zhongshan Broad-Ocean Motor Co. Ltd.
  • BorgWarner Inc.
  • Robert Bosch GmbH
  • Continental AG
  • Siemens AG
  • Nidec Corporation
  • LG Electronics
  • Jing-Jin Electric Technologies Co. Ltd.
  • Shuanglin Group

 Regional Analysis

The Asia Pacific region is dominating in the global EV traction market followed by Europe. In terms of revenue, Asia Pacific accounted for more than 60% share and is projected to remain dominant during the forecast period. This is mainly due to the expanding electric vehicle charging infrastructure and increasing government initiatives, such as NEV policy in China. The report also covers country-wise analysis of the electric vehicle traction motor market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).

Electric Vehicle Traction Motor Market by Motor Type

  • Synchronous motor
  • Induction motor

Electric Vehicle Traction Motor Market by Motor Capacity

  • <40 kW
  • ≥40 kW to <80 kW
  • ≥80 kW

Electric Vehicle Traction Motor Market by Vehicle Type

  • Battery electric vehicles (BEV)
  • Plug-in hybrid electric vehicles (PHEV)

Electric Vehicle Traction Motor Market by Application

  • Electric cars
  • Electric buses
  • Electric scooters


The study offers a comprehensive analysis of the “global electric vehicle traction motor market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.

Table of Contents

1    Report Summary
1.1      Executive Summary
1.2      Scope of the Report
1.3      Industry Trends
1.4      PEST Analysis

2    Report Outline
2.1      Research Methodology
2.2      Report Assumptions

3    Market Snapshot
3.1      Global EV Traction Market

4    Market Outlook
4.1      Overview
4.2      Market Definition – Infoholic Research
4.3      Segmentation
4.4      Porter 5 (Five) Forces

5    Market Characteristics
5.1      Market Trends
5.2      Market Dynamics
5.2.1    Drivers
5.2.2    Government initiatives on electric vehicle adoption
5.2.3    Increasing focus on expanding electric vehicle charging infrastructure
5.2.4    Increasing preference for electrification of public fleet
5.2.5    Restraints
5.2.6    End-user concerns on switching to electric vehicle
5.2.7    Lack of awareness about potential cost benefits of electric vehicles
5.2.8    Opportunities
5.2.9    Changing urban mobility
5.3      DRO – Impact Analysis

6    Motor Type: Market Size and Analysis
6.1      Overview
6.2      Synchronous Motor
6.3      Induction Motor

7    Motor Capacity: Market Size & Analysis
7.1      Overview
7.2      <40 KW
7.3      ≥ 40 KW – < 80 KW
7.4      ≥ 80 KW

8    Vehicle Type:  Market Size & Analysis
8.1      Overview
8.2      Battery Electric Vehicle (BEV)
8.3      Plug-in hybrid electric vehicle (PHEV).

9    Application: Market Size & Analysis
9.1      Overview
9.2      Electric Car
9.3      Electric Bus
9.4      Electric Scooter

10  Regions: Market Size & Analysis
10.1    Overview
10.2    Asia Pacific
10.2.1  Overview – Market Size and Analysis
10.2.2  By Country – Market Size and Analysis
10.2.3  Motor Type – Market Size and Analysis
10.2.4  Vehicle Type – Market Size and Analysis
10.3    Europe
10.3.1  Overview – Market Size and Analysis
10.3.2  By Country – Market Size and Analysis
10.3.3  Motor Type – Market Size and Analysis
10.3.4  Application – Market Size and Analysis
10.4    Americas
10.4.1  Overview -Market Size and Analysis
10.4.2  By Country – Market Size and Analysis
10.4.3  Motor Type – Market Size and Analysis
10.4.4  Vehicle Type – Market Size and Analysis
10.5    Rest of World (RoW)
10.5.1  Overview – Market Size and Analysis
10.5.2  Motor Type – Market Size and Analysis
10.5.3  Vehicle Type – Market Size and Analysis

11  Vendor Profiles
11.1    Zhongshan Broad-Ocean Motor Co.,Ltd.
11.1.1  Overview
11.1.2  Key Financials
11.1.3  Product Offerings
11.1.4  Business Focus
11.1.5  SWOT Analysis
11.1.6  Business Strategy
11.2    BorgWarner Inc.
11.2.1  BorgWarner Inc.
11.2.2  Key Financials
11.2.3  Product Offerings
11.2.4  Business Focus
11.2.5  SWOT Analysis
11.2.6  Geographic Revenue
11.2.7  Business Focus
11.2.8  Business Strategy
11.3    Robert Bosch GmbH
11.3.1  Operating Segment Revenue
11.3.2  Product Offerings
11.3.3  Business Focus
11.3.4  SWOT Analysis
11.3.5  Geographic Revenue
11.3.6  Business Strategy
11.4    Continental AG
11.4.1  Overview
11.4.2  Product Offerings
11.4.3  Business Focus
11.4.4  SWOT Analysis
11.4.5  Geographic Revenue
11.4.6  Business Strategy
11.5    Siemens AG
11.5.1  Overview
11.5.2  Product Offerings
11.5.3  Business Units
11.5.4  Geographic Revenue
11.5.5  Business Focus
11.5.6  SWOT Analysis
11.5.7  Business Strategy

12  Companies to Watch for
12.1    Nidec Corporation
12.1.1  Overview
12.1.2  Offerings
12.2    LG Electronics
12.2.1  Overview
12.2.2  Offerings
12.3.1  Overview
12.3.2  Offerings
12.4    Jing-Jin Electric Technologies Co., Ltd
12.4.1  Overview
12.4.2  Offerings
12.5    Shuanglin Group
12.5.1  Overview
12.5.2  Offerings



Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

infoholic Research Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.