The global Automotive Traction Motor market gathered revenue around USD 3.9 billion in 2020 and market is set to grow USD 19.2 billion by the end of 2027 and is estimated to expand at a modest CAGR of 34.6% during the prediction period 2021 to 2027. Increasing demand of electric vehicles, manufacturing of high performance motors, and supporting government policies are factors responsible to drive the market.
Technological advancements in EVs have an immense role to play in the growing demand for traction motors. These new technologies are grabbing the attention of EV manufacturers worldwide. For instance, in October 2019, BMW Group awarded Magna International its largest production order for transmission technologies. The multi-year contract includes all front-wheel drive dual-clutch transmissions, including hybrid transmission variants. The transmission technologies will be used in more than 171 different vehicle applications. Magna’s new hybrid solution has no impact on the overall package size of the transmission, thus providing BMW with manufacturing flexibility.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Automotive Traction Motor market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Automotive Traction Motor market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Automotive Traction Motor market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Automotive Traction Motor Market are:
The global automotive traction motor market is dominated by major players BorgWarner Inc. (US),Schaeffler Group (Germany),Nidec Corporation (Japan),Robert Bosch GmbH (Germany),and ZF Friedrichshafen AG (Germany) among others.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Based on the Vehicle Type:
- Passenger cars
- Commercial vehicles
Based on the EV Type:
Based on the Type:
Based on the Motor Type:
- PMSM
- DC Brushless
- AC induction
Based on the Power Output:
- Less than 200 kW
- 200-400 kW
- Above 400 kW
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
Request Customization
Get a Sample
Get a Sample
Request Customization