Global EV Drive Motor Cores Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global EV Drive Motor Cores Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global EV Drive Motor Cores market size was valued at USD 2666 million in 2023 and is forecast to a readjusted size of USD 7657.9 million by 2030 with a CAGR of 16.3% during review period.

The drive motor or 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. Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each Others, whereas like poles repel. Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

The Global Info Research report includes an overview of the development of the EV Drive Motor Cores industry chain, the market status of EV (Permanent Magnet Motor Cores, AC Induction Motor Cores), HEV (Permanent Magnet Motor Cores, AC Induction Motor Cores), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of EV Drive Motor Cores.

Regionally, the report analyzes the EV Drive Motor Cores markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global EV Drive Motor Cores market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the EV Drive Motor Cores market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the EV Drive Motor Cores industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Permanent Magnet Motor Cores, AC Induction Motor Cores).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the EV Drive Motor Cores market.

Regional Analysis: The report involves examining the EV Drive Motor Cores market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the EV Drive Motor Cores market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to EV Drive Motor Cores:

Company Analysis: Report covers individual EV Drive Motor Cores manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards EV Drive Motor Cores This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (EV, HEV).

Technology Analysis: Report covers specific technologies relevant to EV Drive Motor Cores. It assesses the current state, advancements, and potential future developments in EV Drive Motor Cores areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the EV Drive Motor Cores market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

EV Drive Motor Cores market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Permanent Magnet Motor Cores
AC Induction Motor Cores

Market segment by Application
EV
HEV

Major players covered
Mitsui High-tec
EUROTRANCIATURA
POSCO
Suzhou Fine-stamping
Tempel Steel
Hidria
JFE Shoji
Wuxi Longsheng Technology
Tongda Power Technology
Toyota Boshoku Corporation
Kienle Spiess
Shiri Electromechanical Technology
Yutaka Giken
Kuroda Precision

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe EV Drive Motor Cores product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of EV Drive Motor Cores, with price, sales, revenue and global market share of EV Drive Motor Cores from 2019 to 2024.

Chapter 3, the EV Drive Motor Cores competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the EV Drive Motor Cores breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and EV Drive Motor Cores market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of EV Drive Motor Cores.

Chapter 14 and 15, to describe EV Drive Motor Cores sales channel, distributors, customers, research findings and conclusion.