Electric Vehicle Motor Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the Electric Vehicle Motor Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Electric Vehicle Motor Market Size, Share,
and Trends Analysis Report – Industry Overview and Forecast to 2030
The Electric Vehicle Motor Market size was valued
at around USD 46 billion in 2024 and is projected to
reach USD 120 billion by 2030. Along with this, the market is
estimated to grow at a CAGR of around 17% during the forecast period, i.e.,
2025-30.
What are
the major Driver the Electric Vehicle Motor industry?
Rising Adoption of Electric Vehicles Due to
Environmental Concerns – Primarily
the need to lower carbon emissions and growing environmental concerns are
driving the increasing use of EVs which in turn drives the demand for EV
motors. Transportation sector contributes to 45% of CO2 emissions, in which
cars play a pivotal role. To fight this more than 20 nations including the
U.S., China, and EU members have committed to phasing out internal combustion
engine vehicles by 2040. Around the world, governments are implementing more
stringent emission standards and encouraging the use of electric vehicles by
offering incentives and, thus propelling the EV’s motor demand. In 2023 global
car sales of EVs increased from 3.5 million higher than in 2022 demonstrating a
substantial shift in consumer preferences. Furthermore, EV adoption as a
sustainable substitute for fossil fuel-powered vehicles has accelerated due to
the drop in battery prices.
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What segments define the Electric Vehicle
Motor market from 2025 to 2030? How do these segments contribute to market
dynamics and growth?
·
By Vehicle Type
o Electric Passenger Cars- Market Size & Forecast
2020-2030, USD Million
§ Sedan- Market Size & Forecast 2020-2030, USD
Million
§ Hatchback- Market Size & Forecast 2020-2030,
USD Million
§ SUV- Market Size & Forecast 2020-2030, USD
Million
o Electric Commercial Vehicles- Market Size &
Forecast 2020-2030, USD Million
§ Electric Light Commercial Vehicles- Market Size
& Forecast 2020-2030, USD Million
·
Electric Light Trucks- Market Size
& Forecast 2020-2030, USD Million
·
Electric Minivans- Market Size &
Forecast 2020-2030, USD Million
§ Electric Medium & Heavy Commercial Vehicles-
Market Size & Forecast 2020-2030, USD Million
·
Electric Trucks- Market Size &
Forecast 2020-2030, USD Million
·
Electric Bus- Market Size &
Forecast 2020-2030, USD Million
o Electric Two Wheelers- Market Size & Forecast
2020-2030, USD Million
§ Electric Scooters- Market Size & Forecast
2020-2030, USD Million
§ Electric Motorcycles- Market Size & Forecast
2020-2030, USD Million
o Electric Three Wheelers- Market Size & Forecast
2020-2030, USD Million
According to report, With about 70% of the
global market share, the electric passenger cars segment leads the electric
vehicle motor market.
·
By Type
o AC Motor- Market Size & Forecast 2020-2030, USD
Million
o DC Motor- Market Size & Forecast 2020-2030, USD
Million
·
By Motor Type
o Brushless Motors- Market Size & Forecast
2020-2030, USD Million
o Brushed Motors- Market Size & Forecast
2020-2030, USD Million
o Induction (Asynchronous) Motors- Market Size &
Forecast 2020-2030, USD Million
o Switched Reluctance Motors- Market Size &
Forecast 2020-2030, USD Million
o Synchronous Motors- Market Size & Forecast
2020-2030, USD Million
·
By Component
o Motor Stator- Market Size & Forecast 2020-2030,
USD Million
o Rotor, Shaft, and Bearing- Market Size &
Forecast 2020-2030, USD Million
o Permanent Magnet- Market Size & Forecast
2020-2030, USD Million
o Casing- Market Size & Forecast 2020-2030, USD
Million
o Wiring & Connectors- Market Size & Forecast
2020-2030, USD Million
o Others- Market Size & Forecast 2020-2030, USD
Million
·
By Power Rating
o Up to 20 kW- Market Size & Forecast 2020-2030,
USD Million
o 21 kW to 100 kW- Market Size & Forecast
2020-2030, USD Million
o 101 kW to 250 kW- Market Size & Forecast
2020-2030, USD Million
o Above 250 kW- Market Size & Forecast 2020-2030,
USD Million
According to report, With roughly 55% of
the market share the 100 kW to 250 kW segment dominates the Global Electric
Vehicle Motor Market.
Explore the Complete Electric Vehicle Motor
Market Analysis Report – https://www.marknteladvisors.com/research-library/electric-vehicle-motor-market.html
Geographical Analysis: Electric Vehicle
Motor Market
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
Electric Vehicle Motor Market Share &
Competitive Landscape:
The Electric
Vehicle Motor Market is characterized by intense competition, with several key
players driving growth through innovation, market expansion, and strategic
investments. The competitive landscape provides valuable insights into the
industry's leading companies, highlighting their strengths, financial
performance, and market influence.
Leading Companies in the Electric Vehicle
Motor Market are:
- Siemens
AG
- ABB
Ltd.
- Nidec
Corporation
- Mitsubishi
Electric Corporation
- Robert
Bosch GmbH
- BorgWarner
Inc.
- Continental
AG
- Magna
International Inc.
- Hitachi,
Ltd.
- AISIN
CORPORATION
- LG
Magna e-Powertrain Co., Ltd.
- Johnson
Electric Holdings Limited
- Toshiba
Corporation
- GKN
Automotive
- Allied
Motion Technologies Inc.
Electric Vehicle Motor Industry Recent
Development:
- September
2024: Siemens to
carve out the eMobility business, merging with Heliox for enhanced market
agility and growth. This strategic move aims to optimize leadership in the
fast-growing EV charging market, fostering innovation and new
partnerships.
- October
2024: Nidec and
Ashok Leyland partnered to develop next-gen electric motor-controller
systems for commercial vehicles, advancing India's EV adoption. This
collaboration aims to enhance efficiency, sustainability, and innovation
in commercial vehicle electrification.
Questions Addressed in this
Study
1.What factors are
driving the Electric Vehicle Motor Market growth?
2.How is the Electric
Vehicle Motor Market expected to grow over the next five years?
3.What are the key
insights into the current trends in the Electric Vehicle Motor Market?
4.What is the
current size of the Electric Vehicle Motor Market, and how is it projected to
change in the future?
6.What is the
future outlook for the Electric Vehicle Motor Market in terms of technological
advancements and market expansion?
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