Global Electric Vehicle Traction Motor Market 2024 - By Growth Opportunities, Future Insights, Regional Segments, Latest Innovations And Forecast To 2033

1
Electric Vehicle Traction Motor Global Market
Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
Top Market Research Firm 2023! We are honoured
to be listed as a top company at the forefront of
research, by the Business Management Review
2
Electric Vehicle Traction Motor Market Segments
The Business Research Company segments the
electric vehicle traction motor market report as
Permanent Magnet Synchronous EV Traction Motors
(PMSM), Asynchronous EV Traction Motors (ASM)
By Motor
High Voltage EV Traction Motors, Low Voltage EV
Traction Motors
By Voltage
Hybrid Vehicles, Battery Electric Vehicles, Fuel
Cell Electric Vehicles
By Vehicle
By Application
Railways, Passenger And Commercial Vehicles,
Other Applications
3
Market Statistics
The global Electric Vehicle Traction Motor market
size grew from 8.91 billion in 2023 to 12.78
billion in 2024 at a compound annual growth rate
(CAGR) of 43.5. The Electric Vehicle Traction
Motor market size is expected to grow to 50.65
billion in 2028 at a compound annual growth rate
(CAGR) of 41.1.
50.65 B
12.78 B
8.91 B
Click Here To Get A Sample Report
4
Key Market Drivers And Trends
Drivers
Increased sales of hybrid electric vehicles are
expected to propel the growth of the electric
vehicle traction motor market.
Trends
Technological advancement is a key trend gaining
popularity in the electric vehicle traction motor
market.
Region
Asia-Pacific was the largest region in the
Electric Vehicle Traction Motor market in 2023.
The regions covered in the Electric Vehicle
Traction Motor market analysis report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
5
Top Eleven Players In The Market

• Major players in the market are
• Siemens
• ABB Limited
• Hitachi Ltd.
• CRRC Corporation Limited
• AB SKF
• Robert Bosch GMBH

• Parker-Hannifin Corp
• Nidec Corporation
• Toshiba Corporation
• Alstom Logo
• EUROLOOP Ltd.

6
7 Reasons Why TBRC Is The Solution You Need

1. Global Macroeconomic Impact Assess global
   economic factors' influence on market growth.
2. Market Size Ratios Explore market size, GDP
   proportions, and expenditure per capita.
3. Global Perspective Reports cover 60 geographies
   for a comprehensive global understanding.
4. Localized Strategies Create region-specific
   strategies aligning with market nuances.
5. Investment Insights Identify growth segments
   through forecast data and market insights.
6. Competitor Benchmarking Compare performance
   against key competitors.
7. Presentation Support Reports offer reliable data
   for internal and external presentations.

7
Americas The Business Research Company, 1295 N
Providence Rd, Media, PA 19063, USA ? 1
3156230293
Get In Touch
Europe The Business Research Company 47 Anchorage
Point, 42 Cuba Street, Canary Wharf, London,
England, E14 8NE ? 44 207 1930 708
How ever you want to grow and expand, The
Business Research Company can help as we provide
research consulting solutions for businesses,
government agencies consultancies, and market
research companies.
Asia The Business Research Company, 1st Floor,
Anshu Colors Building, Road Number 1, Park View
Enclave, Jubilee Hills, Hyderabad (India),
500033 ? 91 8897263534
info_at_tbrc.info
8
Your Growth Insights Partner