Global Automotive Traction Motor Core Market Research Report 2023(Status and Outlook)

Global Automotive Traction Motor Core Market Research Report 2023(Status and Outlook)

Report Overview

The traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles.

Key players in the market include Mitsui High-tec, Yutaka Giken, Kienle Spiess, Shiri Electromechanical Technology, Tempel Steel Co, Toyota Boshoku Corporation, Suzhou Fine-stamping, Foshan AOYA Mechanical, POSCO and Kuroda Precision. These players account for over 75.5% of total revenue.

Manufacturers producing Automotive Traction Motor Core are mainly from Asia, such as Japan and China.

Permanent Magnet Motor Cores represent the largest share of the worldwide Automotive Traction Motor Core market, and are used widely in many fields. In 2020, Permanent Magnet Motor Cores accounted for a share of 75.1% in the global Automotive Traction Motor Core market.

HEV is projected to be the largest application of Automotive Traction Motor Core during the forecast period.

The Global Automotive Traction Motor Core Market Size was estimated at USD 355.10 million in 2022 and is projected to reach USD 1412.15 million by 2029, exhibiting a CAGR of 21.80% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Automotive Traction Motor Core market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automotive Traction Motor Core Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automotive Traction Motor Core market in any manner.

Global Automotive Traction Motor Core Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Mitsui High-tec

Yutaka Giken

Kienle Spiess

Shiri Electromechanical Technology

Tempel Steel Co

Toyota Boshoku Corporation

Suzhou Fine-stamping

Foshan AOYA Mechanical

POSCO

Kuroda Precision

Market Segmentation (by Type)

Permanent Magnet Motor Cores

AC Induction Motor Cores

Market Segmentation (by Application)

Hospitals

Clinics

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Automotive Traction Motor Core Market

Overview of the regional outlook of the Automotive Traction Motor Core Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors