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Global Electric Vehicle (EV) Traction Motor Market Research Report 2021

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China dominates the global electric vehicle traction motor market

With its recently published study -Global Electric Vehicle (EV) Traction Motor Market Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024, Industry Research Place forecasts that the global market for EV traction motors will grow significantly in the coming years owing to the government initiatives on electric vehicle adoption, increasing focus on expanding electric vehicle charging infrastructure, and growing preference for electrification of 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 plugin 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. The battery can be either plugged in or recharged from an external power source or can be replaced by the fully charged battery.

The global market, in terms of motor type, is into synchronous motor and induction motor. Based on the motor capacity, the market is the into <40 kW, 40 kW to <80 kW, and 80 kW. By vehicle type, the market is the into battery electric vehicles (BEV) and plugin hybrid electric vehicles (PHEV). The applications covered in the report are electric cars, electric buses, and electric scooters.

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 permanent magnet synchronous motor is the preferred choice among EV traction motors by OEMs due to its high power density and precision control.
Key insights of the report include:
Market Analysis By Motor Type
Synchronous Motor
Induction Motor
Market Analysis By Motor Capacity
<40 kW
40 kW to <80 kW
80 kW
Market Analysis By Vehicle Type
Battery Electric Vehicle (BEV)
Plugin Hybrid Electric Vehicle (PHEV)
Market Analysis By Application
Electric Car
Electric Bus
Electric Scooter

This report analyses the global market for Electric Vehicle (EV) Traction Motor. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.

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Global Electric Vehicle (EV) Traction Motor Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Electric Vehicle (EV) Traction Motor Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.

The COVID 19 impact assessment of Global Electric Vehicle (EV) Traction Motor Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.

Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries

Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.

Speak to Analyst to Know More about COVID Impact on the Market:

Global Electric Vehicle (EV) Traction Motor Market Table of Contents
Chapter 1: Introduction
Chapter 2: Summary and Highlights
Chapter 3: Market Overview
Chapter 4: Impact of COVID 19
Chapter 5 Global Market for Electric Vehicle (EV) Traction Motor
Chapter 6: Market Breakdown by Segment
Chapter 7: Market Breakdown by Region
Chapter 8: Industry Trends
Chapter 9: Company Profiles
Chapter 10: Appendix

Report Coverage
• An overview of the Global Electric Vehicle (EV) Traction Motor Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Electric Vehicle (EV) Traction Motor Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Electric Vehicle (EV) Traction Motor Market
• Market share analysis of key market participants and their competitive landscape

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Important Questions Answered by Global Electric Vehicle (EV) Traction Motor Market Report
• What is the impact of COVID 19 epidemic on the Global Electric Vehicle (EV) Traction Motor Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Electric Vehicle (EV) Traction Motor Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Electric Vehicle (EV) Traction Motor Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?

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