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Global Automotive Traction Motor Market by Motor Type (PMSM, AC Induction), Type (AC, DC), EV Type (BEV, HEV, PHEV), Power Output (less than 200 KW, 200-400 KW, and above 400 KW), Vehicle Type (PC, Pick-up Trucks, Trucks, Buses & Vans) & Region - Forecast to 2027

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    Report

  • 278 Pages
  • October 2022
  • Region: Global
  • Markets and Markets
  • ID: 5308971
Description Jump to:

Advancements in Electrical Drives for Traction Systems

The global automotive traction motor market is projected to grow at a CAGR of 22.8%, from USD 6.5 billion in 2022 to USD 18.4 billion by 2027.

The growth of the automotive traction motor market is driven by the rise in demand for zero-emission vehicles and an increase in awareness regarding climate change, which leads to the strong support of the global population to limit greenhouse gas emissions. BorgWarner Inc. (US), Schaeffler Group (Germany), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany) are among a few established players in the market.

Many key players have adopted either organic or inorganic strategies to earn better revenues and meet the demand of local automakers. For instance, in February 2021, BorgWarner Inc. launched an 800-volt electric motor for the commercial vehicle segment. The High Voltage Hairpin (HVH) electric motor, the HVH 320, is used to power a variety of hybrid and electric applications for commercial vehicle manufacturers, including a large European OEM. The production of the HVH 320, which is equipped with 800-volt capabilities and available in four variants, is expected to kick off in 2024. Its multi-faceted platform will support the manufacturers' goal of a common electric drivetrain and deliver approximately 97% peak efficiency and over 400 kW of power.

The BEV segment is expected to be the fastest segment in the forecast

By EV type, the BEV segment is expected to register the highest CAGR during the forecast period. The governments of India, China, the US, and several European countries are subsidizing electric infrastructure, which has resulted in the growth of the BEV segment. OEMs are focusing on launching new electric variants of existing ICE models. Due to tough competition from major EV manufacturers, such as Tesla, other OEMs are planning to introduce more power outputs in EVs to stay competitive. Leading automakers, such as Nissan, Tesla, Toyota, and BYD, are focusing on green vehicles with more fuel-efficient features. For instance, in 2021, BYD launched its D1 compact car with a 100 kW traction motor in the passenger vehicle segment. Many governments are also planning to replace their existing public fleets with electric ones. Hence, the demand for automotive traction motor technologies is expected to remain strong during the forecast period.

The passenger car segment in Vehicle Type is expected to be the largest segment in the forecast period

Among all vehicle types,  demand for passenger cars is increasing rapidly. The demand for passenger cars has increased due to the increase in demand for zero-emission vehicles along with government incentives, regulations, and subsidiaries. China has a low waiting period for electric vehicles compared to ICE vehicles. Due to the increasing stringency of emission norms, European countries plan to decrease their vehicle emissions by 2030-2035. The US and China also follow such an agreement. The fast growth of EV chargers has also led to the growth of the EV passenger cars which will drive the demand for automotive traction motor market.

  • By Company Type: Tier I - 59%, Tier II - 7%, and OEMs - 34%
  • By Designation: C-Level Executives - 26%, Director Level - 43%, and Others - 31%
  • By Region: North America - 35%, Europe - 39%, and Asia Pacific - 26%

The automotive traction motor market is dominated by established players such as BorgWarner Inc. (US), Schaeffler Group (Germany), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany).

Research Coverage

The study covers the automotive traction motor market size and future growth potential across different segments such as by type, motor type, EV type, vehicle type, power output and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall automotive traction motor market and its subsegments. 
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. 
  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Automotive Traction Motor Market Definition, by Motor Type
1.2.2 Automotive Traction Motor Market Definition, by Ev Type
1.2.3 Automotive Traction Motor Market Definition, by Power Output
1.2.4 Automotive Traction Motor Market Definition, by Type
1.2.5 Automotive Traction Motor Market Definition, by Vehicle Type
1.3 Inclusions & Exclusions
Table 1 Inclusions & Exclusions: Automotive Traction Motor Market
1.4 Market Scope
Figure 1 Automotive Traction Motor Market: Market Segmentation
1.4.1 Years Considered
1.5 Stakeholders
1.6 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Research Design
Figure 3 Research Methodology Model
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Primary Participants
2.2 Market Estimation Methodology
Figure 4 Research Methodology: Hypothesis Building
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 5 Automotive Traction Motor Market Size: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology for Automotive Traction Motor Market: Top-Down Approach
Figure 7 Automotive Traction Motor Market: Research Design & Methodology
2.3.3 Factor Analysis for Market Sizing: Demand and Supply Sides
2.4 Data Triangulation
Figure 8 Data Triangulation
2.5 Factor Analysis
2.6 Research Assumptions
2.7 Limitations

3 Executive Summary
Figure 9 Automotive Traction Motor Market, by Region, 2022-2027
Figure 10 By Ev Type, Bev Segment Estimated to Lead Automotive Traction Motor Market from 2022 to 2027

4 Premium Insights
4.1 Attractive Opportunities for Players in Automotive Traction Motor Market
Figure 11 Increasing Adoption of Electric Vehicles and Government Incentives to Drive Market in Next Five Years
4.2 Automotive Traction Motor Market, by Vehicle Type
Figure 12 Passenger Cars Segment Expected to Dominate Market from 2022 to 2027
4.3 Automotive Traction Motor Market, by Ev Type
Figure 13 Bev Segment Projected to Record Highest CAGR During Forecast Period
4.4 Automotive Traction Motor Market, by Type
Figure 14 Ac Segment Expected to Lead Market from 2022 to 2027
4.5 Automotive Traction Motor Market, by Power Output
Figure 15 200-400 Kw Segment Projected to Record Highest CAGR During Forecast Period
4.6 Automotive Traction Motor Market, by Motor Type
Figure 16 Pmsm Segment Estimated to Lead Market in 2022
4.7 Automotive Traction Motor Market, by Region
Figure 17 Asia-Pacific Estimated to Dominate Automotive Traction Motor Market in 2022

5 Market Overview
5.1 Introduction
Table 2 Automotive Traction Motor Market: Impact of Market Dynamics
5.2 Market Dynamics
Figure 18 Automotive Traction Motor: Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Demand for High-Performance Motors
Table 3 Automotive Traction Motor Key Models and Suppliers
5.2.1.2 Rising Demand for Electric Vehicles
Figure 19 Global Ev Sales, 2017-2021
Table 4 Government Incentives, by Country
Figure 20 Average Financial Subsidies at Purchase Provided by Various Nations (In Usd) in 2021
5.2.1.3 Advancements in Electrical Drives for Traction Systems
5.2.2 Restraints
5.2.2.1 Less Availability and Price Volatility of Materials Used in Production
Figure 21 Copper (Lme) Price Trend (In USD Per Metric Ton), 2019-2022
Table 5 Materials Used in Electric Motors
5.2.2.2 Lack of Ev Charging Infrastructure
Figure 22 Overview of Publicly Available Fast and Slow Chargers, by Country (2017-2021)
5.2.3 Opportunities
5.2.3.1 Implementation of Stringent Emission Norms & Environmental Regulations
Figure 23 Ev Adoption Targets by Countries
5.2.3.2 Unstable Prices of Fossil Fuels
Figure 24 Fluctuating Crude Oil Prices (USD)
5.2.4 Challenges
5.2.4.1 Overheating of Traction Motors
Figure 25 Number of Patent Applications for Thermal Management Technology for Vehicles with Motor Cooling
5.2.4.2 Reduced Subsidies for Evs
Table 6 Subsidies Offered for Electric Vehicles in China
5.3 Porter's Five Forces Analysis
Figure 26 Porter's Five Forces: Automotive Traction Motor Market
Table 7 Automotive Traction Motor Market: Impact of Porter's Five Forces
5.3.1 Threat of Substitutes
5.3.2 Threat of New Entrants
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Gdp Trends and Forecast for Major Economies
Table 8 Gdp Trends and Forecast, by Major Economies, 2018-2026 (USD Billion)
5.5 Supply Chain Analysis
Figure 27 Automotive Traction Motor Market: Supply Chain Analysis
5.6 Ecosystem
Figure 28 Ecosystem of Automotive Traction Motor Market
Table 9 Automotive Traction Motor Market: Ecosystem
5.7 Patent Analysis
5.7.1 Introduction
Figure 29 Publication Trends (2012-2021)
Table 10 Important Patent Registrations Related to Automotive Traction Motor Market
5.8 Case Study
5.8.1 Intelligent Motors Equipped with Microcomputers
5.8.2 Development of Commercial Vehicle E-Axle Systems Based on Nvh Performance Optimization
5.9 Average Selling Price of Traction Motors
Figure 30 Price of Traction Motor by Ev Type
Figure 31 Average Component Cost Per Ev Powertrain, 2021
5.10 Detailed List of Conferences and Events
Table 11 Automotive Traction Motor Market: Detailed List of Conferences and Events
5.11 List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12 Technology Analysis
5.12.1 Introduction
5.12.2 Hybrid and Electric Drive Modules
5.12.3 High-Power Electric Motors
Figure 32 48 Volt Electrifications
5.13 Trade Analysis
Table 15 Country Wise Electric Vehicle Sales (Units)
Table 16 Electric Vehicle Market: Trade Data for Motor Vehicles in 2021 (Hs 8703)
5.14 Regulatory Overview
Table 17 Regulations for Automotive Traction Motors
5.14.1 Key Stakeholders in Buying Process
Table 18 Influence of Key Stakeholders in Buying Automotive Traction Motors (%)
5.14.2 Buying Criteria
Table 19 Key Buying Criteria for Traction Motors
5.15 Trends and Disruptions
Figure 33 Trends and Disruptions in Automotive Traction Motor Market
5.16 Automotive Traction Motor Market, Market Scenarios (2022-2027)
5.16.1 Most Likely Scenario
Table 20 Automotive Traction Motor Market: Most Likely Scenario, by Region, 2022-2027 (USD Million)
5.16.2 Optimistic Scenario
Table 21 Automotive Traction Motor Market: Optimistic Scenario, by Region, 2022-2027 (USD Million)
5.16.3 Pessimistic Scenario
Table 22 Automotive Traction Motor Market: Pessimistic Scenario, by Region, 2022-2027 (USD Million)

6 Automotive Traction Motor Market, by Vehicle Type
6.1 Introduction
Figure 34 Automotive Traction Motor Market, by Vehicle Type, 2022 Vs. 2027
Table 23 Automotive Traction Motor Market, by Vehicle Type, 2018-2021 (Thousand Units)
Table 24 Automotive Traction Motor Market, by Vehicle Type, 2022-2027 (Thousand Units)
Table 25 Automotive Traction Motor Market, by Vehicle Type, 2018-2021 (USD Million)
Table 26 Automotive Traction Motor Market, by Vehicle Type, 2022-2027 (USD Million)
6.1.1 Operational Data
Table 27 List of Global Traction Motor Suppliers for Passenger Cars
6.1.2 Assumptions
Table 28 Assumptions: by Vehicle Type
6.1.3 Research Methodology
6.2 Passenger Cars
6.2.1 Increasing Number of Emission Norms for Passenger Cars to Boost Demand for Traction Motors
Table 29 Hybrid Car Sales Data (Units)
Table 30 Passenger Cars: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 31 Passenger Cars: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 32 Passenger Cars: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 33 Passenger Cars: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
6.3 Trucks
6.3.1 Increasing Sales of Electric Medium and Heavy Trucks for Short and Long Ranges to Boost Market
Table 34 Trucks: Automotive Traction Motor Market, by Region, 2018-2021 (Units)
Table 35 Trucks: Automotive Traction Motor Market, by Region, 2022-2027 (Units)
Table 36 Trucks: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 37 Trucks: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
6.4 Buses
6.4.1 High Demand from Major Oems in Asia-Pacific to Drive Market Significantly
Table 38 Electric Bus Data Based on Propulsion
Table 39 Buses: Automotive Traction Motor Market, by Region, 2018-2021 (Units)
Table 40 Buses: Automotive Traction Motor Market, by Region, 2022-2027 (Units)
Table 41 Buses: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 42 Buses: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
6.5 Pickup Trucks
6.5.1 Electric Pickup Truck Sales to Grow with Best-In-Class Offerings from Oems
Table 43 Pickup Trucks: Automotive Traction Motor Market, by Region, 2018-2021 (Units)
Table 44 Pickup Trucks: Automotive Traction Motor Market, by Region, 2022-2027 (Units)
Table 45 Pickup Trucks: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 46 Pickup Trucks: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
6.6 Vans
6.6.1 Increasing Demand for Electric Vans to Drive Market
Table 47 Electric Van Models
Table 48 Vans: Automotive Traction Motor Market, by Region, 2018-2021 (Units)
Table 49 Vans: Automotive Traction Motor Market, by Region, 2022-2027 (Units)
Table 50 Vans: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 51 Vans: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
6.7 Key Primary Insights
Figure 35 Key Primary Insights

7 Automotive Traction Motor Market, by Power Output
7.1 Introduction
Figure 36 Automotive Traction Motor Market, by Power Output, 2022 Vs. 2027
Table 52 Automotive Traction Motor Market, by Power Output, 2018-2021 (Thousand Units)
Table 53 Automotive Traction Motor Market, by Power Output, 2022-2027 (Thousand Units)
Table 54 Automotive Traction Motor Market, by Power Output, 2018-2021 (USD Million)
Table 55 Automotive Traction Motor Market, by Power Output, 2022-2027 (USD Million)
7.1.1 Operational Data
Table 56 Electric Vehicle and Electric Commercial Vehicle Data Based on Power Output
7.1.2 Assumptions
Table 57 Assumptions: by Power Output
7.1.3 Research Methodology
7.2 Less Than 200 Kw
7.2.1 Electrification of Passenger Cars to Drive Segment
Table 58 Less Than 200 Kw: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 59 Less Than 200 Kw: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 60 Less Than 200 Kw: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 61 Less Than 200 Kw: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
7.3 200-400 Kw
7.3.1 Demand from Applications Such as Electric Buses and Trucks to Drive Segment
Table 62 200-400 Kw: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 63 200-400 Kw: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 64 200-400 Kw: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 65 200-400 Kw: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
7.4 Above 400 Kw
7.4.1 Increasing Rate of Urbanization and Growing Population to Drive Demand for Above 400 Kw Power Motors
Table 66 Above 400 Kw: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 67 Above 400 Kw: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
7.5 Key Primary Insights
Figure 37 Key Primary Insights

8 Automotive Traction Motor Market, by Motor Type
8.1 Introduction
Figure 38 Automotive Traction Motor Market, by Motor Type, 2022 Vs. 2027
Table 68 Automotive Traction Motor Market, by Motor Type, 2018-2021 (Thousand Units)
Table 69 Automotive Traction Motor Market, by Motor Type, 2022-2027 (Thousand Units)
Table 70 Automotive Traction Motor Market, by Motor Type, 2018-2021 (USD Million)
Table 71 Automotive Traction Motor Market, by Motor Type, 2022-2027 (USD Million)
8.1.1 Operational Data
Table 72 Government Programs for Promotion of Electric Commercial Vehicle Sales
8.1.2 Research Methodology
8.1.3 Assumptions
Table 73 Assumptions: by Motor Type
8.2 Pmsm
8.2.1 Suited to High-Performance Applications
Table 74 Pmsm: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 75 Pmsm: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 76 Pmsm: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 77 Pmsm: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
8.3 Ac Induction Motor
8.3.1 Limited Complexity and Low Cost to Drive Demand
Table 78 Ac Induction Motor: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 79 Ac Induction Motor: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 80 Ac Induction Motor: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 81 Ac Induction Motor: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
8.4 Key Primary Insights
Figure 39 Key Primary Insights

9 Automotive Traction Motor Market, by Ev Type
9.1 Introduction
Figure 40 Automotive Traction Motor Market, by Ev Type, 2022 Vs. 2027
Table 82 Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 83 Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 84 Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 85 Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
9.1.1 Operational Data
Table 86 Electric Vehicle Models, by Propulsion Type
9.1.2 Research Methodology
9.1.3 Assumptions
Table 87 Assumptions: by Ev Type
9.2 Battery Electric Vehicle (Bev)
9.2.1 Increase in Vehicle Range Per Charge to Raise Demand
Table 88 Bev: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 89 Bev: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 90 Bev: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 91 Bev: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
9.3 Hybrid Electric Vehicle (Hev)
9.3.1 Lesser Requirement for Electric Power Increases Demand for Hevs
Table 92 Hev: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 93 Hev: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 94 Hev: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 95 Hev: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
9.4 Plug-In Hybrid Electric Vehicle (Phev)
9.4.1 High Electric Range of Phevs to Drive Market Significantly
Table 96 Phev: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 97 Phev: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 98 Phev: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 99 Phev: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
9.5 Key Primary Insights
Figure 41 Key Primary Insights

10 Automotive Traction Motor Market, by Type
10.1 Introduction
Figure 42 Automotive Traction Motor Market, by Type, 2022 Vs. 2027
Table 100 Automotive Traction Motor Market, by Type, 2018-2021 (Thousand Units)
Table 101 Automotive Traction Motor Market, by Type, 2022-2027 (Thousand Units)
Table 102 Automotive Traction Motor Market, by Type, 2018-2021 (USD Million)
Table 103 Automotive Traction Motor Market, by Type, 2022-2027 (USD Million)
10.1.1 Operational Data
Table 104 Difference Between Ac and Dc Motors
10.1.2 Assumptions
Table 105 Assumptions: by Material Type
10.1.3 Research Methodology
10.2 Dc
10.2.1 Operational Benefits Such as Low Noise and Less Maintenance Raise Demand for Dc Motors
Table 106 Dc: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 107 Dc: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 108 Dc: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 109 Dc: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
10.3 Ac
10.3.1 High Efficiency and Low Manufacturing Cost to Fuel Demand for Ac Motors
Table 110 Ac: Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 111 Ac: Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 112 Ac: Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 113 Ac: Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
10.4 Key Primary Insights
Figure 43 Key Primary Insights

11 Automotive Traction Motor Market, by Region
11.1 Introduction
Figure 44 Automotive Traction Motor Market, by Region, 2022 Vs. 2027
Table 114 Automotive Traction Motor Market, by Region, 2018-2021 (Thousand Units)
Table 115 Automotive Traction Motor Market, by Region, 2022-2027 (Thousand Units)
Table 116 Automotive Traction Motor Market, by Region, 2018-2021 (USD Million)
Table 117 Automotive Traction Motor Market, by Region, 2022-2027 (USD Million)
11.2 Asia-Pacific
Figure 45 Asia-Pacific: Automotive Traction Motor Market Snapshot
Table 118 Asia-Pacific: Automotive Traction Motor Market, by Country, 2018-2021 (Thousand Units)
Table 119 Asia-Pacific: Automotive Traction Motor Market, by Country, 2022-2027 (Thousand Units)
Table 120 Asia-Pacific: Automotive Traction Motor Market, by Country, 2018-2021 (USD Million)
Table 121 Asia-Pacific: Automotive Traction Motor Market, by Country, 2022-2027 (USD Million)
11.2.1 China
11.2.1.1 Heavy Investments in Evs and Stringent Emission Norms to Boost Market Growth
Table 122 China: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 123 China: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 124 China: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 125 China: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.2.2 Japan
11.2.2.1 Strong Government Support to Reinforce Transportation Efficiency to Offer Lucrative Opportunities to Market Players
Table 126 Japan: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 127 Japan: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 128 Japan: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 129 Japan: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.2.3 India
11.2.3.1 Major Government Initiatives to Promote Ev Ecosystem to Drive Market
Table 130 India: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Units)
Table 131 India: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Units)
Table 132 India: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Thousand)
Table 133 India: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Thousand)
11.2.4 South Korea
11.2.4.1 High Investment in Ev Projects to Drive Demand for Automotive Traction Motors
Table 134 South Korea: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 135 South Korea: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 136 South Korea: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 137 South Korea: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.3 Europe
Figure 46 Europe: Automotive Traction Motor Market Snapshot
Table 138 Europe: Automotive Traction Motor Market, by Country, 2018-2021 (Thousand Units)
Table 139 Europe: Automotive Traction Motor Market, by Country, 2022-2027 (Thousand Units)
Table 140 Europe: Automotive Traction Market, by Country, 2018-2021 (USD Million)
Table 141 Europe: Automotive Traction Market, by Country, 2022-2027 (USD Million)
11.3.1 France
11.3.1.1 Increasing Adoption of Electric Vehicles to Fuel Market Growth
Table 142 France: Electric Vehicle Charging Station Incentives
Table 143 France: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 144 France: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 145 France: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 146 France: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.3.2 Germany
11.3.2.1 Increasing Adoption of Electric Vehicles, Growing Focus on Renewable Energy Capacity Development Programs, and Presence of Major Automobile Companies to Fuel Market Growth
Table 147 Germany: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 148 Germany: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 149 Germany: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 150 Germany: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.3.3 Spain
11.3.3.1 Rising Adoption of Evs to Increase Demand for Automotive Traction Motors
Table 151 Spain: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 152 Spain: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 153 Spain: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 154 Spain: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.3.4 Italy
11.3.4.1 Increasing Adoption of Evs and Focus on Utilizing Renewable Energy Sources to Boost Market
Table 155 Italy: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 156 Italy: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 157 Italy: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 158 Italy: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.3.5 UK
11.3.5.1 Rising Ev Demand to Push Market Growth
Table 159 UK: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 160 UK: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 161 UK: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 162 UK: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.4 North America
Table 163 North America: Automotive Traction Market, by Country, 2018-2021 (Thousand Units)
Table 164 North America: Automotive Traction Market, by Country, 2022-2027 (Thousand Units)
Table 165 North America: Automotive Traction Motor Market, by Country, 2018-2021 (USD Million)
Table 166 North America: Automotive Traction Motor Market, by Country, 2022-2027 (USD Million)
11.4.1 US
11.4.1.1 Growth in Electric Cars Segment to Fuel Demand for Automotive Traction Motors
Figure 47 Us Ev Market
Table 167 US: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 168 US: Automotive Traction Motor Market, by Ev Type, 2022-2027 (Thousand Units)
Table 169 US: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 170 US: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)
11.4.2 Canada
11.4.2.1 Government Support to Promote Evs and Rising Investment in Ev Infrastructure to Boost Market
Table 171 Canada: Automotive Traction Motor Market, by Ev Type, 2018-2021 (Thousand Units)
Table 172 Canada: Automotive Traction Motor Market, by Ev Type, 2022-2027 Thousand Units)
Table 173 Canada: Automotive Traction Motor Market, by Ev Type, 2018-2021 (USD Million)
Table 174 Canada: Automotive Traction Motor Market, by Ev Type, 2022-2027 (USD Million)

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis for Automotive Traction Motor Market
Table 175 Market Share Analysis, 2021
Figure 48 Market Share Analysis, 2021
12.2.1 Borgwarner Inc.
12.2.2 Byd Co., Ltd.
12.2.3 Schaeffler Group
12.2.4 Robert Bosch GmbH
12.2.5 Zf Friedrichshafen Ag
12.3 Key Player Strategies
Table 176 Overview of Strategies Adopted by Players in Automotive Traction Motor Market
12.4 Revenue Analysis of Top Listed/Public Players
Figure 49 Top Public/Listed Players Dominating Automotive Traction Motor Market, 2017-2021
12.5 Competitive Scenario
12.5.1 New Product Launches
Table 177 New Product Launches, 2021-2022
12.5.2 Deals
Table 178 Deals, 2021-2022
12.5.3 Others
Table 179 Others, 2021-2022
12.6 Company Evaluation Quadrant
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Players
12.6.4 Participants
Figure 50 Automotive Traction Motor Market: Company Evaluation Quadrant, 2022
Table 180 Automotive Traction Motor Market: Company Footprint, 2022
Table 181 Automotive Traction Motor Market: Product Footprint, 2022
Table 182 Automotive Traction Motor Market: Regional Footprint, 2022
12.7 Start-Up/Sme Evaluation Quadrant
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
Figure 51 Automotive Traction Motor Market: Start-Up/Sme Evaluation Quadrant, 2022
Table 183 Automotive Traction Motor Market: Detailed List of Key Start-Ups/Smes
Table 184 Automotive Traction Motor Market: Competitive Benchmarking of Key Players [Start-Ups/Smes]

13 Company Profiles
(Business Overview, Products Offered, Recent Developments & Analyst's View)*
13.1 Key Players
13.1.1 Borgwarner Inc.
Table 185 Borgwarner Inc.: Business Overview
Figure 52 Borgwarner Inc.: Company Snapshot
Table 186 Borgwarner Inc.: Supply Agreements
Table 187 Borgwarner Inc.: Products Offered
Table 188 Borgwarner Inc.: New Product Developments
Table 189 Borgwarner Inc.: Deals
Table 190 Borgwarner Inc.: Others
13.1.2 Byd Co., Ltd.
Table 191 Byd Co., Ltd.: Business Overview
Figure 53 Byd Co., Ltd.: Company Snapshot
Table 192 Byd Co., Ltd.: Supply Agreements
Table 193 Byd Co., Ltd.: Products Offered
Table 194 Byd Co., Ltd.: New Product Developments
Table 195 Byd Co., Ltd.: Deals
Table 196 Byd Co., Ltd.: Others
13.1.3 Schaeffler Group
Table 197 Schaeffler Group: Business Overview
Figure 54 Schaeffler Group: Company Snapshot
Table 198 Schaeffler Group: Supply Agreements
Table 199 Schaeffler Group: Products Offered
Table 200 Schaeffler Group: New Product Developments
Table 201 Schaeffler Group: Deals
Table 202 Schaeffler Group: Others
13.1.4 Robert Bosch GmbH
Table 203 Robert Bosch GmbH: Business Overview
Figure 55 Robert Bosch GmbH: Company Snapshot
Table 204 Robert Bosch GmbH: Supply Agreements
Table 205 Robert Bosch GmbH: Products Offered
Table 206 Robert Bosch GmbH: New Product Developments
Table 207 Robert Bosch GmbH: Deals
Table 208 Robert Bosch GmbH: Others
13.1.5 Zf Friedrichshafen Ag
Table 209 Zf Friedrichshafen Ag: Business Overview
Figure 56 Zf Friedrichshafen Ag: Company Snapshot
Table 210 Zf Friedrichshafen Ag: Supply Agreements
Table 211 Zf Friedrichshafen Ag: Products Offered
Table 212 Zf Friedrichshafen Ag: New Product Developments
Table 213 Zf Friedrichshafen Ag: Deals
Table 214 Zf Friedrichshafen Ag: Others
13.1.6 Johnson Electric Holdings Ltd.
Table 215 Johnson Electric Holdings Ltd.: Business Overview
Figure 57 Johnson Electric Holdings Ltd.: Company Snapshot
Table 216 Johnson Electric Holdings Ltd.: Products Offered
13.1.7 Continental Ag
Table 217 Continental Ag: Business Overview
Figure 58 Continental Ag: Company Snapshot
Table 218 Continental Ag: Supply Agreements
Table 219 Continental Ag: Products Offered
Table 220 Continental Ag: New Product Developments
Table 221 Continental Ag: Deals
Table 222 Continental Ag: Others
13.1.8 Valeo S.A.
Table 223 Valeo S.A.: Business Overview
Figure 59 Valeo S.A.: Company Snapshot
Table 224 Valeo S.A.: Supply Agreements
Table 225 Valeo S.A.: Products Offered
Table 226 Valeo S.A.: New Product Developments
Table 227 Valeo S.A.: Deals
13.1.9 Mahle Group
Table 228 Mahle Group: Business Overview
Figure 60 Mahle Group: Company Snapshot
Table 229 Mahle Group: Products Offered
Table 230 Mahle Group: New Product Developments
Table 231 Mahle Group: Deals
Table 232 Mahle Group: Others
13.1.10 Nidec Corporation
Table 233 Nidec Corporation: Business Overview
Figure 61 Nidec Corporation: Company Snapshot
Table 234 Nidec Corporation: Supply Agreements
Table 235 Nidec Corporation: Products Offered
Table 236 Nidec Corporation: New Product Developments
Table 237 Nidec Corporation: Deals
Table 238 Nidec Corporation: Others
13.1.11 Mitsuba Corporation
Table 239 Mitsuba Corporation: Business Overview
Figure 62 Mitsuba Corporation: Company Snapshot
Table 240 Mitsuba Corporation: Products Offered
13.1.12 Zhejiang Founder Motor Co., Ltd.
Table 241 Zhejiang Founder Motor Co., Ltd.: Business Overview
Figure 63 Zhejiang Founder Motor Co., Ltd.: Company Snapshot
Table 242 Zhejiang Founder Motor Co., Ltd.: Supply Agreements
Table 243 Zhejiang Founder Motor Co., Ltd.: Products Offered
Table 244 Zhejiang Founder Motor Co., Ltd.: Deals
Table 245 Zhejiang Founder Motor Co., Ltd.: Others
13.1.13 Shenzhen Inovance Technology Co., Ltd.
Table 246 Shenzhen Inovance Technology Co., Ltd.: Business Overview
Figure 64 Shenzhen Inovance Technology Co., Ltd.: Company Snapshot
Table 247 Shenzhen Inovance Technology Co., Ltd.: Supply Agreements
Table 248 Shenzhen Inovance Technology Co., Ltd.: Products Offered
Table 249 Shenzhen Inovance Technology Co., Ltd.: Deals
*Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
13.2 Other Players
13.2.1 Denso Corporation
Table 250 Denso Corporation: Business Overview
13.2.2 Jing-Jin Electric
Table 251 Jing-Jin Electric: Business Overview
13.2.3 Shanghai Edrive Co., Ltd.
Table 252 Shanghai Edrive Co., Ltd.: Business Overview
13.2.4 United Automotive Electronics Co., Ltd.
Table 253 United Automotive Electronics Co., Ltd.: Business Overview
13.2.5 Zhuhai Enpower Electric Co., Ltd.
Table 254 Zhuhai Enpower Electric Co., Ltd.: Business Overview
13.2.6 Shuanglin Group
Table 255 Shuanglin Group: Business Overview
13.2.7 Zhuzhou Crrc Times Electric Co., Ltd.
Table 256 Zhuzhou Crrc Times Electric Co., Ltd.: Business Overview
13.2.8 Xpt Drive Technology
Table 257 Xpt Drive Technology: Business Overview
13.2.9 Aisin Corporation
Table 258 Aisin Corporation: Business Overview
13.2.10 Gkn Automotive Limited
Table 259 Gkn Automotive Limited: Business Overview
13.2.11 Anand Mando Emobility
Table 260 Anand Mando Emobility: Business Overview
13.2.12 Hyundai Transys Inc.
Table 261 Hyundai Transys Inc.: Business Overview

14 Analyst's Recommendations
14.1 Asia-Pacific to be Major Market for Automotive Traction Motors
14.2 Rising Demand for Hevs to Create Opportunities for Market Growth in Coming Years
14.3 Conclusion

15 Appendix
15.1 Key Insights from Industry Experts
15.2 Discussion Guide
15.3 Knowledgestore: The Subscription Portal
15.4 Customization Options

Executive Summary

Companies Mentioned

  • United Automotive Electronics Co. Ltd.
  • Robert Bosch GmbH
  • Zhuhai Enpower Electric Co. Ltd.
  • BYD Co. Ltd.
  • Mitsuba Corporation
  • Shanghai eDrive Co. Ltd.
  • Nidec Corporation
  • Denso Corporation
  • Aisin Corporation
  • ZF Friedrichshafen AG
  • Shenzhen Inovance Technology Co. Ltd.
  • Continental AG
  • Schaeffler Group
  • Mahle Group
  • Hyundai Transys Inc.
  • Jing-Jin Electric
  • XPT Drive Technology
  • Shuanglin Group
  • Anand Mando eMobility
  • Johnson Electric Holdings Ltd.
  • Zhejiang Founder Motor Co. Ltd.
  • Borgwarner Inc.
  • Valeo SA
  • GKN Automotive Limited
  • Zhuzhou CRRC Times Electric Co. Ltd.

Table Information

Report AttributeDetails
No. of Pages278
PublishedOctober 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 6.5 Billion
Forecasted Market Value ( USD ) by 2027 $ 18.4 Billion
Compound Annual Growth Rate22.8%
Regions CoveredGlobal
No. of Companies Mentioned25

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