Electric Vehicle Motor Market By Type (AC Motor, DC Motor), By Electric Vehicle Type (Battery Electric Vehicle, Plugin Hybrid Vehicle, Hybrid Vehicle), By Application (Passenger Cars, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2031
Electric motor is an important part of electric vehicle powertrain, as it converts electricity to torque to move the vehicle. The power delivered by the battery pack is supplied to the motor which converts this electrical energy into mechanical energy thus resulting in the movement of the vehicle. Electric vehicles have motors that use regenerative braking which means that the motors start generating power and start delivering the power back to the battery pack when not consumed.
Rise in population in developing nations, such as China, India, and Japan, creates lucrative opportunities for the penetration of electric passenger car and assists in the growth of the electric vehicle motor market. In addition, factors such as rise in disposable income in countries, such as India and China, and stringent rules and regulations to promote adoption of electric vehicles is projected to increase the demand for electric motors for passenger electric vehicles, which in turn is projected to contribute toward the growth of the market.
The global electric vehicle motor market is experiencing growth, due to rise in demand for electric vehicles, and stringent safety regulations set by government for automotive industry. However, high manufacturing cost is the factor hampering the growth of the market. Furthermore, increase in number of applications employing the use of electric motors is the factor expected to offer growth opportunities during the forecast period.
The electric vehicle motor market is segmented on the basis of motor type, vehicle type, application, and region. By motor type, it is bifurcated into AC motor, and DC motor. By vehicle type, it is classified into battery electric vehicle, hybrid vehicle, and plug-in hybrid vehicle. By application, it is fragmented into passenger cars, and commercial vehicles. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric vehicle motor market analysis from 2021 to 2031 to identify the prevailing electric vehicle motor market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the electric vehicle motor market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electric vehicle motor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
AC Motor
DC Motor
By Electric Vehicle Type
Battery Electric Vehicle
Plugin Hybrid Vehicle
Hybrid Vehicle
By Application
Passenger Cars
Commercial Vehicles
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Borgwarner Inc.
Buhler Motor GmbH
Continental AG
Denso Corporation
Inteva Products, LLC
Johnson Electric Holdings Limited
Mabuchi Motor Co., Ltd
Nidec Corporation
Magna International Inc.
Meritor, Inc.
Mitsuba Corporation
Robert Bosch GmbH
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