Electric Vehicle Traction Motor Market , by Vehicle Type (Battery Electric Vehicles and Plug in Hybrid Electric Vehicle), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072026
- 178 Pages
- April 2020
- Automotive and Transportation
An electric vehicle traction motor increases the horsepower to move the vehicle in a straight-line motion with a torque rotation to generate power. The electric vehicle traction motor is mostly used in electric rail vehicles and other electric locomotive, electrical transmission systems like electric hybrid vehicles, diesel electric locomotive, and battery powered electric vehicles.
Increase in the use of electric vehicles is predicted to be the major driving factor for the Electric vehicle traction motor market. Rise in the investments by major automotive players in electric vehicles across the globe is considered is predicted to boost the growth of the market. Moreover, government regulations related to vehicular emission and the rising prices of fossil fuel are predicted to drive the growth of the electric vehicle traction motor market.
The prices of electric vehicles are very high which is the biggest restraints for the growth of the electric vehicle traction motor market in the estimated period. As electric vehicles are the results of latest developments in the automobile industry and many of the automobile giants are now in the testing stage of electric vehicles, the price of electric vehicles is high relative to other vehicles powered on fossil fuels.
Depending on the vehicle type, the electric vehicle traction motor market is segmented into battery electric vehicles and plug in hybrid electric vehicle. Battery electric vehicle segment type is expected to have a huge market share in the estimated period. Battery electric vehicle segment type accounted for $1,050.9 million in 2018 and is predicted to generate a revenue of $15,173.2 million by 2026. Battery electric vehicle segment is predicted to grow as the battery is the most crucial element in the electric vehicles, which uses the chemical energy that is stored in the battery.
Depending on the region, the electric vehicle traction motor market is segmented North America, Europe, Asia-Pacific, and LAMEA. North America market accounted for $573.2 million in 2018 and is predicted to generate a revenue of $9,629.2 million by 2026. The government initiative for using the electric vehicles as per the emission rules in the specified area is predicted to boost the growth of the market. Asia-Pacific market generate a revenue of $726.1 million in 2018 and is predicted to grow by generating a revenue of $10,212.8 million by 2026. Asia-Pacific region market is expected to rise due to the change in the manufacturing unit of large companies in most areas, and government spending in electric metro line in the specific area would raise the overall electric vehicle traction motor market over the projected time period.
The major key plyers in the electric vehicle traction motor market are Zytek Group Limited, Equipmake Ltd., Hitachi Automotive Systems Americas, Inc., SERVAX, AVID Technology Limited, RETORQ Motors Ltd., Copper Rotor Induction Motor, Robert Bosch GmbH, and Magnetic Systems Technology, among others.
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data sources
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.Product trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview
4.Electric vehicle traction motor market, by product
4.1.Battery Electric Vehicles
4.1.1.Market size and forecast, by region, 2018-2026
4.1.2.Comparative market share analysis, 2018 & 2026
4.2.Plug in Hybrid Electric Vehicle
4.2.1.Market size and forecast, by region, 2018-2026
4.2.2.Comparative market share analysis, 2018 & 2026
5.Electric vehicle traction motor market, by region
5.1.North America
5.1.1.Market size and forecast, by product, 2018-2026
5.1.2.Market size and forecast, by country, 2018-2026
5.1.3.Comparative market share analysis, 2018 & 2026
5.1.4.U.S.
5.1.4.1.Market size and forecast, by product, 2018-2026
5.1.4.2.Comparative market share analysis, 2018 & 2026
5.1.5.Canada
5.1.5.1.Market size and forecast, by product, 2018-2026
5.1.5.2.Comparative market share analysis, 2018 & 2026
5.1.6.Mexico
5.1.6.1.Market size and forecast, by product, 2018-2026
5.1.6.2.Comparative market share analysis, 2018 & 2026
5.2.Europe
5.2.1.Market size and forecast, by product, 2018-2026
5.2.2.Market size and forecast, by country, 2018-2026
5.2.3.Comparative market share analysis, 2018 & 2026
5.2.4.Germany
5.2.4.1.Market size and forecast, by product, 2018-2026
5.2.4.2.Comparative market share analysis, 2018 & 2026
5.2.5.UK
5.2.5.1.Market size and forecast, by product, 2018-2026
5.2.5.2.Comparative market share analysis, 2018 & 2026
5.2.6.France
5.2.6.1.Market size and forecast, by product, 2018-2026
5.2.6.2.Comparative market share analysis, 2018 & 2026
5.2.7.Spain
5.2.7.1.Market size and forecast, by product, 2018-2026
5.2.7.2.Comparative market share analysis, 2018 & 2026
5.2.8.Italy
5.2.8.1.Market size and forecast, by product, 2018-2026
5.2.8.2.Comparative market share analysis, 2018 & 2026
5.2.9.Rest of Europe
5.2.9.1.Market size and forecast, by product, 2018-2026
5.2.9.2.Comparative market share analysis, 2018 & 2026
5.3.Asia Pacific
5.3.1.Market size and forecast, by product, 2018-2026
5.3.2.Market size and forecast, by country, 2018-2026
5.3.3.Comparative market share analysis, 2018 & 2026
5.3.4.China
5.3.4.1.Market size and forecast, by product, 2018-2026
5.3.4.2.Comparative market share analysis, 2018 & 2026
5.3.5.India
5.3.5.1.Market size and forecast, by product, 2018-2026
5.3.5.2.Comparative market share analysis, 2018 & 2026
5.3.6.Australia
5.3.6.1.Market size and forecast, by product, 2018-2026
5.3.6.2.Comparative market share analysis, 2018 & 2026
5.3.7.Rest of Asia Pacific
5.3.7.1.Market size and forecast, by product, 2018-2026
5.3.7.2.Comparative market share analysis, 2018 & 2026
5.4.LAMEA
5.4.1.Market size and forecast, by product, 2018-2026
5.4.2.Market size and forecast, by country, 2018-2026
5.4.3.Comparative market share analysis, 2018 & 2026
5.4.4.Latin America
5.4.4.1.Market size and forecast, by product, 2018-2026
5.4.4.2.Comparative market share analysis, 2018 & 2026
5.4.5.Middle East
5.4.5.1.Market size and forecast, by product, 2018-2026
5.4.5.2.Comparative market share analysis, 2018 & 2026
5.4.6.Africa
5.4.6.1.Market size and forecast, by product, 2018-2026
5.4.6.2.Comparative market share analysis, 2018 & 2026
6.Company profiles
6.1.Magnetic Systems Technology
6.1.1.Business overview
6.1.2.Financial performance
6.1.3.Product portfolio
6.1.4.Recent strategic moves & developments
6.1.5.SWOT analysis
6.2.Robert Bosch GmbH
6.2.1.Business overview
6.2.2.Financial performance
6.2.3.Product portfolio
6.2.4.Recent strategic moves & developments
6.2.5.SWOT analysis
6.3.Copper Rotor Induction Motor
6.3.1.Business overview
6.3.2.Financial performance
6.3.3.Product portfolio
6.3.4.Recent strategic moves & developments
6.3.5.SWOT analysis
6.4.RETORQ Motors Ltd
6.4.1.Business overview
6.4.2.Financial performance
6.4.3.Product portfolio
6.4.4.Recent strategic moves & developments
6.4.5.SWOT analysis
6.5.AVID Technology Limited
6.5.1.Business overview
6.5.2.Financial performance
6.5.3.Product portfolio
6.5.4.Recent strategic moves & developments
6.5.5.SWOT analysis
6.6.Hitachi Automotive Systems Americas, Inc
6.6.1.Business overview
6.6.2.Financial performance
6.6.3.Product portfolio
6.6.4.Recent strategic moves & developments
6.6.5.SWOT analysis
6.7.Equipmake Ltd
6.7.1.Business overview
6.7.2.Financial performance
6.7.3.Product portfolio
6.7.4.Recent strategic moves & developments
6.7.5.SWOT analysis
6.8.Zytek Group
6.8.1.Business overview
6.8.2.Financial performance
6.8.3.Product portfolio
6.8.4.Recent strategic moves & developments
6.8.5.SWOT analysis
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