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report thumbnailElectric Vehicle Motor Market

Electric Vehicle Motor Market Soars to USD Billion , witnessing a CAGR of 5.13 during the forecast period 2025-2033

Electric Vehicle Motor Market by Vehicle Type (Two Wheeler, Three Wheeler, Passenger Vehicle, Commercial Vehicle), by Component (Motor Stator, Rotor, Shaft, Bearing, Permanent Magnet, Casing, Wiring & Connectors), by Power Rating (Up to 20 kW, 20 KW to 100 KW, 100 KW to 250 KW, Above 250 KW), by By Geography (North America), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, Japan, India, Rest of Asia Pacific), by Rest of the World (The Middle East & Africa, Latin America) Forecast 2026-2034

Jan 9 2026

Base Year: 2025

180 Pages

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Electric Vehicle Motor Market Soars to USD Billion , witnessing a CAGR of 5.13 during the forecast period 2025-2033

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Electric Vehicle Motor Market Soars to USD Billion , witnessing a CAGR of 5.13 during the forecast period 2025-2033


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Key Insights

The global Electric Vehicle (EV) Motor Market is poised for substantial growth, projected to reach $46 billion by 2024, expanding at a robust Compound Annual Growth Rate (CAGR) of 17%. EV motors, the core components for generating mechanical power in electric vehicles, encompass key types such as brushed DC motors, brushless DC (BLDC) motors, induction motors, and permanent magnet synchronous motors (PMSM). Their inherent advantages, including high efficiency, consistent torque, low noise, and regenerative braking capabilities, are driving widespread adoption across automotive segments, including passenger cars, buses, and motorcycles. This transition to sustainable transportation solutions is further supported by advancements in motor technology, enhancing drive performance, durability, and acceleration, thus accelerating the appeal and sales of electric vehicles.

Electric Vehicle Motor Market Research Report - Market Overview and Key Insights

Electric Vehicle Motor Market Market Size (In Billion)

150.0B
100.0B
50.0B
0
53.82 B
2025
62.97 B
2026
73.67 B
2027
86.20 B
2028
100.9 B
2029
118.0 B
2030
138.1 B
2031
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Electric Vehicle Motor Trends

  • Rising demand for electric vehicles due to concerns about pollution and carbon emissions.
  • Government incentives and regulations promoting the adoption of electric vehicles.
  • Technological advancements in motor design, materials, and manufacturing processes.
Electric Vehicle Motor Market Market Size and Forecast (2024-2030)

Electric Vehicle Motor Market Company Market Share

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Driving Forces: What's Propelling the Electric Vehicle Motor Market

  • Stringent environmental regulations and emission norms: Governments worldwide are implementing stricter regulations to reduce greenhouse gas emissions and improve air quality, driving the demand for zero-emission vehicles like electric vehicles.
  • Growing awareness of the benefits of electric vehicles: Consumers are becoming increasingly aware of the advantages of electric vehicles, including lower operating costs, environmental friendliness, and technological advancements.
  • Technological advancements in battery and charging infrastructure: Ongoing research and development efforts have led to significant improvements in battery capacity, range, and charging speed, making electric vehicles more viable as a transportation option.
  • Government incentives and subsidies: Governments in many countries offer financial incentives to encourage the adoption of electric vehicles, such as tax breaks, purchase rebates, and charging station infrastructure support.
  • Increased demand for sustainable transportation: Growing concerns about climate change and the desire for a cleaner future are driving the demand for sustainable transportation solutions, including electric vehicles.
  • Expansion of urban infrastructure: The proliferation of smart cities and the growing congestion in urban areas are fostering the need for efficient and environmentally friendly transportation options like electric vehicles.

Challenges and Restraints in the Electric Vehicle Motor Market

  • High cost of electric vehicles compared to gasoline-powered vehicles
  • Limited driving range and charging infrastructure
  • Availability of raw materials for motor production

Emerging Trends in Electric Vehicle Motor

  • Increasing adoption of brushless DC motors
  • Development of integrated motor and power electronics systems
  • Use of lightweight materials to improve efficiency

Growth Catalysts in Electric Vehicle Motor Industry

  • Government policies incentivizing electric vehicle production
  • Investments in research and development of new motor technologies
  • Collaboration between automakers and motor manufacturers

Market Segmentation: Electric Vehicle Motor Analysis

Vehicle Type:

  • Two Wheeler
  • Three Wheeler
  • Passenger Vehicle
  • Commercial Vehicle

Component:

  • Motor Stator
  • Rotor
  • Shaft and Bearing
  • Permanent Magnet
  • Casing
  • Wiring & Connectors

Power Rating:

  • Up to 20 kW
  • 20 kW to 100 kW
  • 100 kW to 250 kW
  • Above 250 kW

Leading Players in the Electric Vehicle Motor Market

  • Robert Bosch GmbH (Germany)
  • Siemens AG (Germany)
  • ABB (Switzerland)
  • AISIN CORPORATION (Japan)
  • LG Magna e-Powertrain Co., Ltd (South Korea)
  • Johnson Electric Holdings Limited (Hong Kong)
  • BorgWarner Inc. (U.S.)
  • Nidec Industrial Solutions (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Allied Motion, Inc. (U.S.)
  • TECO Corporation (Taiwan)
  • Toshiba International Corporation (Japan)
  • GKN Automotive (U.K.)

Significant developments in the Electric Vehicle Motor Sector

  • Toshiba's development of a new motor with 98% efficiency
  • Siemens' partnership with BMW to develop high-performance electric motors
  • BorgWarner's acquisition of Delphi Technologies to expand its EV motor portfolio

Comprehensive Coverage Electric Vehicle Motor Market Report

  • Market size and forecast: An in-depth analysis of the historical, current, and projected market size of the electric vehicle motor market, with a focus on key regions and their growth potential.
  • Industry trends and drivers: A detailed exploration of the technological advancements, regulatory policies, and market dynamics that are shaping the growth of the electric vehicle motor industry.
  • Segmentation and growth analysis: A comprehensive segmentation of the market based on motor type, vehicle type, power output, and cooling system, with analysis of growth potential and market share for each segment.
  • Competitive landscape: A thorough assessment of the competitive landscape, including the market share, strategies, and key developments of leading players in the electric vehicle motor industry.
  • Key company profiles: In-depth profiles of major companies operating in the electric vehicle motor market, highlighting their financial performance, product portfolio, and competitive positioning.
  • SWOT analysis: A comprehensive SWOT analysis of the electric vehicle motor industry, identifying strengths, weaknesses, opportunities, and threats that impact market growth.

Regional Insight

  • North America: Market size, regional dynamics, and competitive analysis of the electric vehicle motor market in North America.
  • Europe: Market size, regional trends, and competitive landscape of the electric vehicle motor market in Europe.
  • Asia Pacific: Market size, industry dynamics, and competitive positioning of the electric vehicle motor market in Asia Pacific.
  • Latin America: Market size, emerging trends, and key players in the electric vehicle motor market in Latin America.
  • Middle East and Africa: Market size, regional challenges, and growth opportunities in the electric vehicle motor market in the Middle East and Africa.
Electric Vehicle Motor Market Market Share by Region - Global Geographic Distribution

Electric Vehicle Motor Market Regional Market Share

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Pricing Strategies

  • Premium pricing for motors with high efficiency and power density
  • Customized pricing based on vehicle type and application
  • Volume discounts for large orders

Swot Analysis

Strengths:

  • High efficiency and power density
  • Low noise and vibration
  • Long lifespan

Weaknesses:

  • High cost compared to internal combustion engines
  • Limited driving range
  • Charging time can be long

Opportunities:

  • Growing demand for electric vehicles
  • Government incentives for EV adoption
  • Technological advancements in battery and charging infrastructure

Threats:

  • Competition from internal combustion engines
  • High raw material costs
  • Fluctuating government policies

Geographic Coverage of Electric Vehicle Motor Market

Higher Coverage
Lower Coverage
No Coverage

Electric Vehicle Motor Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2020-2034
Base Year 2025
Estimated Year 2026
Forecast Period2026-2034
Historical Period2020-2025
Growth RateCAGR of 17% from 2020-2034
Segmentation
    • By Vehicle Type
      • Two Wheeler
      • Three Wheeler
      • Passenger Vehicle
      • Commercial Vehicle
    • By Component
      • Motor Stator
      • Rotor
      • Shaft
      • Bearing
      • Permanent Magnet
      • Casing
      • Wiring & Connectors
    • By Power Rating
      • Up to 20 kW
      • 20 KW to 100 KW
      • 100 KW to 250 KW
      • Above 250 KW
  • By Geography
    • By Geography
      • North America
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • Rest of the World
      • The Middle East & Africa
      • Latin America

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Increasing Demand for Forged Products in Power
        • 3.2.2 Agriculture
        • 3.2.3 Aerospace
        • 3.2.4 and Defense to Drive Industry Expansion
      • 3.3. Market Restrains
        • 3.3.1. High Manufacturing Costs for Electric Vehicles are Restraining the Market Growth
      • 3.4. Market Trends
        • 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Electric Vehicle Motor Market Analysis, Insights and Forecast, 2020-2032
    • 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.1.1. Two Wheeler
      • 5.1.2. Three Wheeler
      • 5.1.3. Passenger Vehicle
      • 5.1.4. Commercial Vehicle
    • 5.2. Market Analysis, Insights and Forecast - by Component
      • 5.2.1. Motor Stator
      • 5.2.2. Rotor
      • 5.2.3. Shaft
      • 5.2.4. Bearing
      • 5.2.5. Permanent Magnet
      • 5.2.6. Casing
      • 5.2.7. Wiring & Connectors
    • 5.3. Market Analysis, Insights and Forecast - by Power Rating
      • 5.3.1. Up to 20 kW
      • 5.3.2. 20 KW to 100 KW
      • 5.3.3. 100 KW to 250 KW
      • 5.3.4. Above 250 KW
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. By Geography
      • 5.4.2. Europe
      • 5.4.3. Asia Pacific
      • 5.4.4. Rest of the World
  6. 6. By Geography Electric Vehicle Motor Market Analysis, Insights and Forecast, 2020-2032
    • 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 6.1.1. Two Wheeler
      • 6.1.2. Three Wheeler
      • 6.1.3. Passenger Vehicle
      • 6.1.4. Commercial Vehicle
    • 6.2. Market Analysis, Insights and Forecast - by Component
      • 6.2.1. Motor Stator
      • 6.2.2. Rotor
      • 6.2.3. Shaft
      • 6.2.4. Bearing
      • 6.2.5. Permanent Magnet
      • 6.2.6. Casing
      • 6.2.7. Wiring & Connectors
    • 6.3. Market Analysis, Insights and Forecast - by Power Rating
      • 6.3.1. Up to 20 kW
      • 6.3.2. 20 KW to 100 KW
      • 6.3.3. 100 KW to 250 KW
      • 6.3.4. Above 250 KW
  7. 7. Europe Electric Vehicle Motor Market Analysis, Insights and Forecast, 2020-2032
    • 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 7.1.1. Two Wheeler
      • 7.1.2. Three Wheeler
      • 7.1.3. Passenger Vehicle
      • 7.1.4. Commercial Vehicle
    • 7.2. Market Analysis, Insights and Forecast - by Component
      • 7.2.1. Motor Stator
      • 7.2.2. Rotor
      • 7.2.3. Shaft
      • 7.2.4. Bearing
      • 7.2.5. Permanent Magnet
      • 7.2.6. Casing
      • 7.2.7. Wiring & Connectors
    • 7.3. Market Analysis, Insights and Forecast - by Power Rating
      • 7.3.1. Up to 20 kW
      • 7.3.2. 20 KW to 100 KW
      • 7.3.3. 100 KW to 250 KW
      • 7.3.4. Above 250 KW
  8. 8. Asia Pacific Electric Vehicle Motor Market Analysis, Insights and Forecast, 2020-2032
    • 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 8.1.1. Two Wheeler
      • 8.1.2. Three Wheeler
      • 8.1.3. Passenger Vehicle
      • 8.1.4. Commercial Vehicle
    • 8.2. Market Analysis, Insights and Forecast - by Component
      • 8.2.1. Motor Stator
      • 8.2.2. Rotor
      • 8.2.3. Shaft
      • 8.2.4. Bearing
      • 8.2.5. Permanent Magnet
      • 8.2.6. Casing
      • 8.2.7. Wiring & Connectors
    • 8.3. Market Analysis, Insights and Forecast - by Power Rating
      • 8.3.1. Up to 20 kW
      • 8.3.2. 20 KW to 100 KW
      • 8.3.3. 100 KW to 250 KW
      • 8.3.4. Above 250 KW
  9. 9. Rest of the World Electric Vehicle Motor Market Analysis, Insights and Forecast, 2020-2032
    • 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 9.1.1. Two Wheeler
      • 9.1.2. Three Wheeler
      • 9.1.3. Passenger Vehicle
      • 9.1.4. Commercial Vehicle
    • 9.2. Market Analysis, Insights and Forecast - by Component
      • 9.2.1. Motor Stator
      • 9.2.2. Rotor
      • 9.2.3. Shaft
      • 9.2.4. Bearing
      • 9.2.5. Permanent Magnet
      • 9.2.6. Casing
      • 9.2.7. Wiring & Connectors
    • 9.3. Market Analysis, Insights and Forecast - by Power Rating
      • 9.3.1. Up to 20 kW
      • 9.3.2. 20 KW to 100 KW
      • 9.3.3. 100 KW to 250 KW
      • 9.3.4. Above 250 KW
  10. 10. Competitive Analysis
    • 10.1. Global Market Share Analysis 2025
      • 10.2. Company Profiles
        • 10.2.1  Robert Bosch GmbH (Germany)
          • 10.2.1.1. Overview
          • 10.2.1.2. Products
          • 10.2.1.3. SWOT Analysis
          • 10.2.1.4. Recent Developments
          • 10.2.1.5. Financials (Based on Availability)
        • 10.2.2  Siemens AG (Germany)
          • 10.2.2.1. Overview
          • 10.2.2.2. Products
          • 10.2.2.3. SWOT Analysis
          • 10.2.2.4. Recent Developments
          • 10.2.2.5. Financials (Based on Availability)
        • 10.2.3  ABB (Switzerland)
          • 10.2.3.1. Overview
          • 10.2.3.2. Products
          • 10.2.3.3. SWOT Analysis
          • 10.2.3.4. Recent Developments
          • 10.2.3.5. Financials (Based on Availability)
        • 10.2.4  AISIN CORPORATION (Japan)
          • 10.2.4.1. Overview
          • 10.2.4.2. Products
          • 10.2.4.3. SWOT Analysis
          • 10.2.4.4. Recent Developments
          • 10.2.4.5. Financials (Based on Availability)
        • 10.2.5  LG Magna e-Powertrain Co. Ltd (South Korea)
          • 10.2.5.1. Overview
          • 10.2.5.2. Products
          • 10.2.5.3. SWOT Analysis
          • 10.2.5.4. Recent Developments
          • 10.2.5.5. Financials (Based on Availability)
        • 10.2.6  Johnson Electric Holdings Limited (Hong Kong)
          • 10.2.6.1. Overview
          • 10.2.6.2. Products
          • 10.2.6.3. SWOT Analysis
          • 10.2.6.4. Recent Developments
          • 10.2.6.5. Financials (Based on Availability)
        • 10.2.7  BorgWarner Inc. (U.S.)
          • 10.2.7.1. Overview
          • 10.2.7.2. Products
          • 10.2.7.3. SWOT Analysis
          • 10.2.7.4. Recent Developments
          • 10.2.7.5. Financials (Based on Availability)
        • 10.2.8  Nidec Industrial Solutions (Japan)
          • 10.2.8.1. Overview
          • 10.2.8.2. Products
          • 10.2.8.3. SWOT Analysis
          • 10.2.8.4. Recent Developments
          • 10.2.8.5. Financials (Based on Availability)
        • 10.2.9  Mitsubishi Electric Corporation (Japan)
          • 10.2.9.1. Overview
          • 10.2.9.2. Products
          • 10.2.9.3. SWOT Analysis
          • 10.2.9.4. Recent Developments
          • 10.2.9.5. Financials (Based on Availability)
        • 10.2.10  Allied Motion Inc. (U.S.)
          • 10.2.10.1. Overview
          • 10.2.10.2. Products
          • 10.2.10.3. SWOT Analysis
          • 10.2.10.4. Recent Developments
          • 10.2.10.5. Financials (Based on Availability)
        • 10.2.11  TECO Corporation (Taiwan)
          • 10.2.11.1. Overview
          • 10.2.11.2. Products
          • 10.2.11.3. SWOT Analysis
          • 10.2.11.4. Recent Developments
          • 10.2.11.5. Financials (Based on Availability)
        • 10.2.12  Toshiba International Corporation (Japan)
          • 10.2.12.1. Overview
          • 10.2.12.2. Products
          • 10.2.12.3. SWOT Analysis
          • 10.2.12.4. Recent Developments
          • 10.2.12.5. Financials (Based on Availability)
        • 10.2.13  GKN Automotive (U.K.)
          • 10.2.13.1. Overview
          • 10.2.13.2. Products
          • 10.2.13.3. SWOT Analysis
          • 10.2.13.4. Recent Developments
          • 10.2.13.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Global Electric Vehicle Motor Market Revenue Breakdown (billion, %) by Region 2025 & 2033
  2. Figure 2: Global Electric Vehicle Motor Market Volume Breakdown (K Units, %) by Region 2025 & 2033
  3. Figure 3: By Geography Electric Vehicle Motor Market Revenue (billion), by Vehicle Type 2025 & 2033
  4. Figure 4: By Geography Electric Vehicle Motor Market Volume (K Units), by Vehicle Type 2025 & 2033
  5. Figure 5: By Geography Electric Vehicle Motor Market Revenue Share (%), by Vehicle Type 2025 & 2033
  6. Figure 6: By Geography Electric Vehicle Motor Market Volume Share (%), by Vehicle Type 2025 & 2033
  7. Figure 7: By Geography Electric Vehicle Motor Market Revenue (billion), by Component 2025 & 2033
  8. Figure 8: By Geography Electric Vehicle Motor Market Volume (K Units), by Component 2025 & 2033
  9. Figure 9: By Geography Electric Vehicle Motor Market Revenue Share (%), by Component 2025 & 2033
  10. Figure 10: By Geography Electric Vehicle Motor Market Volume Share (%), by Component 2025 & 2033
  11. Figure 11: By Geography Electric Vehicle Motor Market Revenue (billion), by Power Rating 2025 & 2033
  12. Figure 12: By Geography Electric Vehicle Motor Market Volume (K Units), by Power Rating 2025 & 2033
  13. Figure 13: By Geography Electric Vehicle Motor Market Revenue Share (%), by Power Rating 2025 & 2033
  14. Figure 14: By Geography Electric Vehicle Motor Market Volume Share (%), by Power Rating 2025 & 2033
  15. Figure 15: By Geography Electric Vehicle Motor Market Revenue (billion), by Country 2025 & 2033
  16. Figure 16: By Geography Electric Vehicle Motor Market Volume (K Units), by Country 2025 & 2033
  17. Figure 17: By Geography Electric Vehicle Motor Market Revenue Share (%), by Country 2025 & 2033
  18. Figure 18: By Geography Electric Vehicle Motor Market Volume Share (%), by Country 2025 & 2033
  19. Figure 19: Europe Electric Vehicle Motor Market Revenue (billion), by Vehicle Type 2025 & 2033
  20. Figure 20: Europe Electric Vehicle Motor Market Volume (K Units), by Vehicle Type 2025 & 2033
  21. Figure 21: Europe Electric Vehicle Motor Market Revenue Share (%), by Vehicle Type 2025 & 2033
  22. Figure 22: Europe Electric Vehicle Motor Market Volume Share (%), by Vehicle Type 2025 & 2033
  23. Figure 23: Europe Electric Vehicle Motor Market Revenue (billion), by Component 2025 & 2033
  24. Figure 24: Europe Electric Vehicle Motor Market Volume (K Units), by Component 2025 & 2033
  25. Figure 25: Europe Electric Vehicle Motor Market Revenue Share (%), by Component 2025 & 2033
  26. Figure 26: Europe Electric Vehicle Motor Market Volume Share (%), by Component 2025 & 2033
  27. Figure 27: Europe Electric Vehicle Motor Market Revenue (billion), by Power Rating 2025 & 2033
  28. Figure 28: Europe Electric Vehicle Motor Market Volume (K Units), by Power Rating 2025 & 2033
  29. Figure 29: Europe Electric Vehicle Motor Market Revenue Share (%), by Power Rating 2025 & 2033
  30. Figure 30: Europe Electric Vehicle Motor Market Volume Share (%), by Power Rating 2025 & 2033
  31. Figure 31: Europe Electric Vehicle Motor Market Revenue (billion), by Country 2025 & 2033
  32. Figure 32: Europe Electric Vehicle Motor Market Volume (K Units), by Country 2025 & 2033
  33. Figure 33: Europe Electric Vehicle Motor Market Revenue Share (%), by Country 2025 & 2033
  34. Figure 34: Europe Electric Vehicle Motor Market Volume Share (%), by Country 2025 & 2033
  35. Figure 35: Asia Pacific Electric Vehicle Motor Market Revenue (billion), by Vehicle Type 2025 & 2033
  36. Figure 36: Asia Pacific Electric Vehicle Motor Market Volume (K Units), by Vehicle Type 2025 & 2033
  37. Figure 37: Asia Pacific Electric Vehicle Motor Market Revenue Share (%), by Vehicle Type 2025 & 2033
  38. Figure 38: Asia Pacific Electric Vehicle Motor Market Volume Share (%), by Vehicle Type 2025 & 2033
  39. Figure 39: Asia Pacific Electric Vehicle Motor Market Revenue (billion), by Component 2025 & 2033
  40. Figure 40: Asia Pacific Electric Vehicle Motor Market Volume (K Units), by Component 2025 & 2033
  41. Figure 41: Asia Pacific Electric Vehicle Motor Market Revenue Share (%), by Component 2025 & 2033
  42. Figure 42: Asia Pacific Electric Vehicle Motor Market Volume Share (%), by Component 2025 & 2033
  43. Figure 43: Asia Pacific Electric Vehicle Motor Market Revenue (billion), by Power Rating 2025 & 2033
  44. Figure 44: Asia Pacific Electric Vehicle Motor Market Volume (K Units), by Power Rating 2025 & 2033
  45. Figure 45: Asia Pacific Electric Vehicle Motor Market Revenue Share (%), by Power Rating 2025 & 2033
  46. Figure 46: Asia Pacific Electric Vehicle Motor Market Volume Share (%), by Power Rating 2025 & 2033
  47. Figure 47: Asia Pacific Electric Vehicle Motor Market Revenue (billion), by Country 2025 & 2033
  48. Figure 48: Asia Pacific Electric Vehicle Motor Market Volume (K Units), by Country 2025 & 2033
  49. Figure 49: Asia Pacific Electric Vehicle Motor Market Revenue Share (%), by Country 2025 & 2033
  50. Figure 50: Asia Pacific Electric Vehicle Motor Market Volume Share (%), by Country 2025 & 2033
  51. Figure 51: Rest of the World Electric Vehicle Motor Market Revenue (billion), by Vehicle Type 2025 & 2033
  52. Figure 52: Rest of the World Electric Vehicle Motor Market Volume (K Units), by Vehicle Type 2025 & 2033
  53. Figure 53: Rest of the World Electric Vehicle Motor Market Revenue Share (%), by Vehicle Type 2025 & 2033
  54. Figure 54: Rest of the World Electric Vehicle Motor Market Volume Share (%), by Vehicle Type 2025 & 2033
  55. Figure 55: Rest of the World Electric Vehicle Motor Market Revenue (billion), by Component 2025 & 2033
  56. Figure 56: Rest of the World Electric Vehicle Motor Market Volume (K Units), by Component 2025 & 2033
  57. Figure 57: Rest of the World Electric Vehicle Motor Market Revenue Share (%), by Component 2025 & 2033
  58. Figure 58: Rest of the World Electric Vehicle Motor Market Volume Share (%), by Component 2025 & 2033
  59. Figure 59: Rest of the World Electric Vehicle Motor Market Revenue (billion), by Power Rating 2025 & 2033
  60. Figure 60: Rest of the World Electric Vehicle Motor Market Volume (K Units), by Power Rating 2025 & 2033
  61. Figure 61: Rest of the World Electric Vehicle Motor Market Revenue Share (%), by Power Rating 2025 & 2033
  62. Figure 62: Rest of the World Electric Vehicle Motor Market Volume Share (%), by Power Rating 2025 & 2033
  63. Figure 63: Rest of the World Electric Vehicle Motor Market Revenue (billion), by Country 2025 & 2033
  64. Figure 64: Rest of the World Electric Vehicle Motor Market Volume (K Units), by Country 2025 & 2033
  65. Figure 65: Rest of the World Electric Vehicle Motor Market Revenue Share (%), by Country 2025 & 2033
  66. Figure 66: Rest of the World Electric Vehicle Motor Market Volume Share (%), by Country 2025 & 2033

List of Tables

  1. Table 1: Global Electric Vehicle Motor Market Revenue billion Forecast, by Vehicle Type 2020 & 2033
  2. Table 2: Global Electric Vehicle Motor Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  3. Table 3: Global Electric Vehicle Motor Market Revenue billion Forecast, by Component 2020 & 2033
  4. Table 4: Global Electric Vehicle Motor Market Volume K Units Forecast, by Component 2020 & 2033
  5. Table 5: Global Electric Vehicle Motor Market Revenue billion Forecast, by Power Rating 2020 & 2033
  6. Table 6: Global Electric Vehicle Motor Market Volume K Units Forecast, by Power Rating 2020 & 2033
  7. Table 7: Global Electric Vehicle Motor Market Revenue billion Forecast, by Region 2020 & 2033
  8. Table 8: Global Electric Vehicle Motor Market Volume K Units Forecast, by Region 2020 & 2033
  9. Table 9: Global Electric Vehicle Motor Market Revenue billion Forecast, by Vehicle Type 2020 & 2033
  10. Table 10: Global Electric Vehicle Motor Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  11. Table 11: Global Electric Vehicle Motor Market Revenue billion Forecast, by Component 2020 & 2033
  12. Table 12: Global Electric Vehicle Motor Market Volume K Units Forecast, by Component 2020 & 2033
  13. Table 13: Global Electric Vehicle Motor Market Revenue billion Forecast, by Power Rating 2020 & 2033
  14. Table 14: Global Electric Vehicle Motor Market Volume K Units Forecast, by Power Rating 2020 & 2033
  15. Table 15: Global Electric Vehicle Motor Market Revenue billion Forecast, by Country 2020 & 2033
  16. Table 16: Global Electric Vehicle Motor Market Volume K Units Forecast, by Country 2020 & 2033
  17. Table 17: North America Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  18. Table 18: North America Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  19. Table 19: Global Electric Vehicle Motor Market Revenue billion Forecast, by Vehicle Type 2020 & 2033
  20. Table 20: Global Electric Vehicle Motor Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  21. Table 21: Global Electric Vehicle Motor Market Revenue billion Forecast, by Component 2020 & 2033
  22. Table 22: Global Electric Vehicle Motor Market Volume K Units Forecast, by Component 2020 & 2033
  23. Table 23: Global Electric Vehicle Motor Market Revenue billion Forecast, by Power Rating 2020 & 2033
  24. Table 24: Global Electric Vehicle Motor Market Volume K Units Forecast, by Power Rating 2020 & 2033
  25. Table 25: Global Electric Vehicle Motor Market Revenue billion Forecast, by Country 2020 & 2033
  26. Table 26: Global Electric Vehicle Motor Market Volume K Units Forecast, by Country 2020 & 2033
  27. Table 27: U.K. Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  28. Table 28: U.K. Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  29. Table 29: Germany Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  30. Table 30: Germany Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  31. Table 31: France Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  32. Table 32: France Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  33. Table 33: Rest of Europe Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  34. Table 34: Rest of Europe Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  35. Table 35: Global Electric Vehicle Motor Market Revenue billion Forecast, by Vehicle Type 2020 & 2033
  36. Table 36: Global Electric Vehicle Motor Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  37. Table 37: Global Electric Vehicle Motor Market Revenue billion Forecast, by Component 2020 & 2033
  38. Table 38: Global Electric Vehicle Motor Market Volume K Units Forecast, by Component 2020 & 2033
  39. Table 39: Global Electric Vehicle Motor Market Revenue billion Forecast, by Power Rating 2020 & 2033
  40. Table 40: Global Electric Vehicle Motor Market Volume K Units Forecast, by Power Rating 2020 & 2033
  41. Table 41: Global Electric Vehicle Motor Market Revenue billion Forecast, by Country 2020 & 2033
  42. Table 42: Global Electric Vehicle Motor Market Volume K Units Forecast, by Country 2020 & 2033
  43. Table 43: China Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  44. Table 44: China Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  45. Table 45: Japan Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  46. Table 46: Japan Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  47. Table 47: India Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  48. Table 48: India Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  49. Table 49: Rest of Asia Pacific Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  50. Table 50: Rest of Asia Pacific Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  51. Table 51: Global Electric Vehicle Motor Market Revenue billion Forecast, by Vehicle Type 2020 & 2033
  52. Table 52: Global Electric Vehicle Motor Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  53. Table 53: Global Electric Vehicle Motor Market Revenue billion Forecast, by Component 2020 & 2033
  54. Table 54: Global Electric Vehicle Motor Market Volume K Units Forecast, by Component 2020 & 2033
  55. Table 55: Global Electric Vehicle Motor Market Revenue billion Forecast, by Power Rating 2020 & 2033
  56. Table 56: Global Electric Vehicle Motor Market Volume K Units Forecast, by Power Rating 2020 & 2033
  57. Table 57: Global Electric Vehicle Motor Market Revenue billion Forecast, by Country 2020 & 2033
  58. Table 58: Global Electric Vehicle Motor Market Volume K Units Forecast, by Country 2020 & 2033
  59. Table 59: The Middle East & Africa Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  60. Table 60: The Middle East & Africa Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033
  61. Table 61: Latin America Electric Vehicle Motor Market Revenue (billion) Forecast, by Application 2020 & 2033
  62. Table 62: Latin America Electric Vehicle Motor Market Volume (K Units) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Electric Vehicle Motor Market?

The projected CAGR is approximately 17%.

2. Which companies are prominent players in the Electric Vehicle Motor Market?

Key companies in the market include  Robert Bosch GmbH (Germany),  Siemens AG (Germany),  ABB (Switzerland),  AISIN CORPORATION (Japan),  LG Magna e-Powertrain Co., Ltd (South Korea),  Johnson Electric Holdings Limited (Hong Kong),  BorgWarner Inc. (U.S.),  Nidec Industrial Solutions (Japan),  Mitsubishi Electric Corporation (Japan),  Allied Motion, Inc. (U.S.),  TECO Corporation (Taiwan),  Toshiba International Corporation (Japan),  GKN Automotive (U.K.).

3. What are the main segments of the Electric Vehicle Motor Market?

The market segments include Vehicle Type, Component, Power Rating.

4. Can you provide details about the market size?

The market size is estimated to be USD 46 billion as of 2022.

5. What are some drivers contributing to market growth?

Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.

6. What are the notable trends driving market growth?

Rising Adoption of Automation in Manufacturing to Drive Market Growth.

7. Are there any restraints impacting market growth?

High Manufacturing Costs for Electric Vehicles are Restraining the Market Growth.

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in billion and volume, measured in K Units.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Electric Vehicle Motor Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Electric Vehicle Motor Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Electric Vehicle Motor Market?

To stay informed about further developments, trends, and reports in the Electric Vehicle Motor Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.