Electric Motor for Electric Vehicle Market Size, Share, By Motor Type (AC Motors, DC Motors, and Others), Assembly Type (Wheel Hub, Central Powertrain & and Others), Vehicle Type (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Motor (PHEV), Pure E

Electric Motor for Electric Vehicle Market Size, Share, By Motor Type (AC Motors, DC Motors, and Others), Assembly Type (Wheel Hub, Central Powertrain & and Others), Vehicle Type (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Motor (PHEV), Pure Electric Vehicle, and Others), Power (100 kW, 101 kW to 250 kW, and Above 250 kW), Application (Passenger Cars, Commercial Vehicle, and Others), and Region - Trends, Analysis, and Forecast till 2035

The electric motor serves as a power unit for pure electric and plug-in-hybrid vehicles, and it converts electrical energy into mechanical power and provides hybrid or purely electric propulsion. Electric motors in electric vehicles (EVs), have features such as an efficiency, sustainability, low maintenance, quiet, fast acceleration, environmental benefits, also convenience, and cost-effectiveness, also rising government initiatives contributes to the electric motor for electric vehicle market growth.

Electric Motor for Electric Vehicle Market Report Highlights:

• Electric motor for electric vehicle market size is projected to grow at USD 90.0 Billion by 2035.
• The target market size was valued at USD 23.81 Billion in 2024.
• The market is growing at a CAGR of 15.6%.
• Asia Pacific is expected to dominate the market in terms of share.
• Europe is estimated to have the highest growing market.
• By motor type, the AC motors holds the biggest market share.
• Under assembly type, the wheel hub segment has the highest electric motors for electric vehicles market share.
• On the basis of vehicle type, the hybrid electric vehicle segment is expected to dominate the market.
• Based on power, the 101 kW to 250 kW segment is leading the market.
• By application, the market is being dominated by the commercial vehicles segment.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2025 to 2035.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
• Market intelligence to enable effective decision-making
• Growth opportunities and trend analyses
• Market estimates and forecasts from 2025 to 2035
• Segment and regional revenue forecasts for market assessment
• Competition strategy and market share analysis

List of Key Players in the Market:

• Tata Motors Limited
• Ather Energy
• Atul Auto LIMITED
• Ola Electric Mobility Ltd.
• Bajaj Auto
• Electrotherm India Limited
• Hyundai Motor India
• Mahindra&Mahindra Ltd.
• JSW MG Motor India Pvt. Ltd.
• Okinawa Autotech Internationall Private Limited
• Olectra Greentech Limited
• Greaves Electric Mobility Limited
• TVS Motor Company

Segmentation:

By Motor Type:

• AC Motors
• DC Motors
• Others

By Assembly Type:

• Wheel Hub
• Central Powertrain
• Others

By Vehicle Type:

• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Motor (PHEV)
• Pure Electric Vehicle
• Others

By Power:

• 100 kW
• 101 kW to 250 kW
• Above 250 kW

By Application:

• Passenger Cars
• Commercial Vehicle
• Others

By Region:

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

Electric Motor for Electric Vehicle Market Key Highlights:

• In January 2025, Donut Lab, the EV tech brand revealed its next generation of in-wheel electric motors which claimed to be the most powerful in the world. The CEO of Donut Lab, said that, great unsprung mass had been the most important reason why everyone hadn’t used motors integrated with the tire in their vehicles. Through the torque and power density it has achieved, the relative weight of the motor was so small that the unsprung mass is insignificant.

Competitive Landscape of Electric Motor for Electric Vehicles Market:

The major competitors in the district cooling market are Tata Motors Limited, Ather Energy, Atul Auto LIMITED, Ola Electric Mobility Ltd., Bajaj Auto, Electrotherm India Limited, Hyundai Motor India, Mahindra&Mahindra Ltd., JSW MG Motor India Pvt. Ltd., Okinawa Autotech Internationall Private Limited, Olectra Greentech Limited, Greaves Electric Mobility Limited, and TVS Motor Company.

Key Questions Answered:

• How is the Electric Motor for Electric Vehicle Market expected to evolve by 2035?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2035?
• Who are the leading players in the market, and what are their prospects?