Electric Motors For Electric Vehicle Market In Europe 2024-2028
The electric motors for electric vehicle market in Europe is forecasted to grow by USD 127.91 bn during 2023-2028, accelerating at a CAGR of 13.78% during the forecast period. The report on the electric motors for electric vehicle market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for EVs in Europe, ongoing innovations in electric motor technology, and increasing investments from automotive manufacturers and technology companies for EVs.
Technavio's electric motors for electric vehicle market in Europe is segmented as below:
By Application
- Passenger vehicle
- Commercial vehicle
By Type
This study identifies the rise of sic inverters to increase efficiency of electric motors for EVs as one of the prime reasons driving the electric motors for electric vehicle market in Europe growth during the next few years. Also, growing emphasis on sustainability and recycling and integration of IoT technologies into electric motors will lead to sizable demand in the market.
The report on the electric motors for electric vehicle market in Europe covers the following areas:
- Electric motors for electric vehicle market in Europe sizing
- Electric motors for electric vehicle market in Europe forecast
- Electric motors for electric vehicle market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric motors for electric vehicle market in Europe vendors that include ABB Ltd., AMETEK Inc., Bayerische Motoren Werke AG, BorgWarner Inc., Continental AG, DENSO Corp., GEM motors d.o.o, Hitachi Ltd., Magna International Inc., Mitsubishi Electric Corp., Nidec Corp., Robert Bosch GmbH, Siemens AG, Tesla Inc., Toshiba Corp., Valeo SA, Ford Motor Co., General Motors Co., Renault SAS, and Volkswagen AG. Also, the electric motors for electric vehicle market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.