Global Electric Vehicle Motor Market was valued at USD 1.86 billion in 2018 which is expected to reach USD 16.2 billion by 2030 at a CAGR 40.6%.
Electric vehicle motor converts electric energy into mechanical energy for propulsion of the electric vehicle. The working is based on the interaction of electric vehicle motors magnetic field and current. Increase in number of electric vehicles with various advantages like high efficiency, zero emission, and automated control expected to drive the global electric vehicle motor market growth.
Increase in demand for energy efficient vehicle to reduce pollution in environment is the key driving factor which is expected to boost the global electric vehicle motor market growth. Furthermore, growing inclination of population towards emission free vehicles is expected to fuel the growth of electric vehicle motor market, during this forecast period. Moreover, increase in electric vehicle launches activities is expected to drive the global electric vehicle motor market. For instance, in February 2020, Mahindra had launched an affordable passenger vehicle (ekuv100) in India. The ekuv100 has various features including 40kw electric motor, which produces 120Nm torque driving the fornt wheels.
However, high initial cost is the major restraining factor which is expected to hamper the global electric vehicle motor market growth. Also, high maintenance cost will affect the market growth.
Global Electric Vehicle Motor Market is segmented into by type such as Altering Current Motor (AC) (Synchronous AC Motor, and Induction AC Motor), and Direct Current (DC) Motor (Brushed DC Motor, Brushless DC Motor, and Hermetic Motor), by vehicle type such as Passenger Cars, Commercial Vehicles, and Two-wheelers.
Also, Global Electric Vehicle Motor Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as BMW AG, oration Ltd., Rockwell Automation Incorporation, Franklin Electric Cooperative Incorporation,, Brook Crompton UK Limited,, Asmo Corporation Limited, ARC Systems Incorporation,, Allied Motion Technologies Inc., Baldor Electric Company Inc., Siemens AG, Ametek Incorporation, and ABB Group Ltd.
1.Executive Summary
1.1. Market Taxonomy
2. Global Electric Vehicle Motor Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
3. Market Background
3.1. Forecast Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Trends
4. Global Electric Vehicle Motor Market Snapshot
5. Global Electric Vehicle Motor Market Analysis, By Type
5.1. Y-o-Y Growth Comparison, By Type
5.2. Global Electric Vehicle Motor Market Share Analysis, By Type
5.3. Global Electric Vehicle Motor Market Size and Forecast, By Type
5.3.1 Altering Current Motor (AC)
5.3.1.1 Synchronous AC Motor
5.3.1.2 Induction AC Motor
5.3.2 Direct Current (DC) Motor
5.3.2.1 Brushed DC Motor
5.3.2.2 Brushless DC Motor
5.3.2.3 Hermetic Motor
6.Global Electric Vehicle Motor Market Analysis, By Vehicle Type
6.1. Y-o-Y Growth Comparison, By Vehicle Type
6.2. Global Electric Vehicle Motor Market Share Analysis, By Vehicle Type
6.3. Global Electric Vehicle Motor Market Size and Forecast, By Vehicle Type
6.3.1 Passenger Cars
6.3.2 Commercial Vehicles
6.3.3 Two-wheelers
7.Global Electric Vehicle Motor Market Analysis, By Region
7.1. Y-o-Y Growth Comparison, By Region
7.2. Global Electric Vehicle Motor Market Share Analysis, By Region
8. North America Electric Vehicle Motor Market Analysis and Forecast (2017-2030)
8.1 Introduction
8.2 North America Electric Vehicle Motor Market Analysis, By Type
8.3 North America Electric Vehicle Motor Market Analysis, By Vehicle Type
8.4 North America Electric Vehicle Motor Market Analysis, By Country
8.4.1USA
8.4.2 Canada
8.4.3 Mexico
9. Europe Electric Vehicle Motor Market Analysis and Forecast (2017-2030)
9.1 Introduction
9.2 Europe Electric Vehicle Motor Market Analysis, By Type
9.3 Europe Electric Vehicle Motor Market Analysis, By Vehicle Type
9.4 Europe Electric Vehicle Motor Market Analysis, By Country
9.4 .1Germany
9.4 .2 France
9.4.3 UK
9.4 .4 Rest of Europe
10. Asia Pacific Electric Vehicle Motor Market Analysis and Forecast (2017-2030)
10.1 Introduction
10.2 Asia Pacific Electric Vehicle Motor Market Analysis, By Type
10.3Asia Pacific Electric Vehicle Motor Market Analysis, By Vehicle Type
10.4 Asia Pacific Electric Vehicle Motor Market Analysis, By Country
10.4.1China
10.4.2 India
10.4.3 Japan
10.4.4 Rest of Asia Pacific
11.Latin America Electric Vehicle Motor Market Analysis and Forecast (2017-2030)
11.1 Introduction
11.2 Latin America Electric Vehicle Motor Market Analysis, By Type
11.3Latin America Electric Vehicle Motor Market Analysis, By Vehicle Type
12. Middle East & Africa Electric Vehicle Motor Market Analysis and Forecast (2017-2030)
12.1 Introduction
12.2 Middle East & Africa Electric Vehicle Motor Market Analysis, By Type
12.3Middle East & Africa Electric Vehicle Motor Market Analysis, By Vehicle Type
13. Competition Analysis
13.1 Competition Dashboard
13.2Market Share Analysis of Top Vendors
13.3 Key Development Strategies
14. Company Profiles
14.1 BMW AG
14.1.1 Overview
14.1.2 Offerings
141.3 Key Financial
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 orations Ltd
14.3 Rockwell Automation Incorporation
14.4 Franklin Electric Cooperative Incorporation
14.5 Brook Crompton UK Limited
14.6 Asmo Corporation Limited
14.7 ARC Systems Incorporation
14.8 Allied Motion Technologies Inc
14.9 Baldor Electric Company Inc
14.10 Siemens AG
14.11 Ametek Incorporation
14.12 ABB Group Ltd
