Global Electric Motors for Vehicles Market Growth 2025-2031

The global Electric Motors for Vehicles market size is predicted to grow from US$ 13530 million in 2025 to US$ 70730 million in 2031; it is expected to grow at a CAGR of 31.7% from 2025 to 2031.

The motor is one of the three core systems of electric vehicles. It is the main drive system for vehicle driving. Its characteristics determine the main performance indicators of the vehicle and directly affect the vehicle"s dynamics, economy, and user driving experience. An electric vehicle drive motor is an electrical device that converts electrical energy into mechanical energy to provide driving force for vehicle driving. The device can also have the function of converting mechanical energy into electrical energy.

Global electric motors for vehicles companies include Tesla, Volkswagen, BYD, ZF and Bosch, etc. Global top 3 companies hold a share over 46%. Europe is the largest market, with a share about 47%.

LP Information, Inc. (LPI) ' newest research report, the “Electric Motors for Vehicles Industry Forecast” looks at past sales and reviews total world Electric Motors for Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Motors for Vehicles sales for 2025 through 2031. With Electric Motors for Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Motors for Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Electric Motors for Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Motors for Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Motors for Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Motors for Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Motors for Vehicles.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Motors for Vehicles market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Permanent Magnet Synchronous Motor
Asynchronous Motor

Segmentation by Application:
Battery Electric Vehicle (BEV)
Plug-In-Hybrid Vehicles (PHEV)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Tesla
Volkswagen
BYD
ZF
Bosch
Hasco
Broad-Ocean Motor
Mitsubishi
XPT
Nidec
Zhejiang Founder
Magna
JJE
Hitachi
Shuanglin
Chery New Energy
JEE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Motors for Vehicles market?

What factors are driving Electric Motors for Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Motors for Vehicles market opportunities vary by end market size?

How does Electric Motors for Vehicles break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.