Market Overview:
Electric car motor market is estimated to grow at a CAGR of XX% during the forecast period 2018-2030. The electric car motor market is segmented on the basis of type, application and region. On the basis of type, electric car motors are classified into permanent magnet synchronous motors (PMSM), asynchronous motors (ASM) and others. ASMs are further classified into brushed DC motors and brushless DC motors. PMSM is expected to be the fastest growing segment during the forecast period owing to its high efficiency, low noise levels and compact size as compared to other types of electric car motors. On the basis of application, electric cars can be broadly classified into plug-in hybrid vehicles (PHEVs), hybrid vehicles (HEVs) and battery-electric vehicles (BEVs). PHEVs are expected to dominate the global electric car motor market during 2018-2030 owing to increasing demand for fuel efficient vehicles across all regions.
Product Definition:
Electric car motors are electric motors used in electric cars. They come in a variety of types, but all have the same goal: to turn the car's wheels. The motor is usually either connected to the wheel directly or through a gearbox.
Permanent Magnet Synchronous Motor:
PMSM is a type of electric motor that operates at high speed and has low torque. The PMSM uses permanent magnets for generating its output power, which results in high efficiency and low energy consumption. These motors are used in various applications such as electric cars, wind turbines, etc., owing to their excellent characteristics such as lightweight design with higher speed range (ideal for induction motors), less operating noise & emissions along with efficient energy conversion rate.
Asynchronous Motor:
Asynchronous motor is a type of electric motor which operates without using any synchronous gears. In other words, the speed of the rotor and stator windings are not in phase. The main advantage of this system is that it allows for simpler designs since there are no mechanical constraints on the position or orientation of the magnetic field within the rotor. As a result, these motors can be oriented in any direction without affecting its operation.
Application Insights:
The passenger vehicle electric motor application segment accounted for a revenue share of over 80% in 2017. Increasing demand for passenger vehicles with improved performance and efficiency is expected to drive the segment growth over the forecast period. The introduction of various government initiatives such as ¢â‚¬Å“Clean Air Zones¢â‚¬ in China has led to an increase in sales of EVs, which is anticipated to further propel market growth during the forecast period.
The heavy-duty electric motor application segment was valued over USD 1,000 million in 2017 owing to increasing adoption across industries such as mining and construction. Growing industrialization along with urbanization has resulted in increased demand for electricity supply, which has driven numerous manufacturers including Siemens AG, ABB Ltd., and Mitsubishi Electric Corporation towards developing solutions that can deliver high power while maintaining low levels onsite pollution.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is anticipated to continue its dominance over the forecast period. The region has been witnessing increasing demand for electric cars on account of supportive government policies, rising disposable income, and growing environmental concerns. China is expected to dominate the regional market owing to low production costs as well as availability of cheap labor.
North America held a significant share in 2017 owing to high consumer preference coupled with favorable government regulations regarding vehicle emissions standards. Europe also contributed significantly toward global industry growth due to stringent emission norms and safety requirements imposed on vehicles by various regulatory bodies such as ETSI, American Petroleum Institute (API), U.S Environmental Protection Agency (EPA).
In addition, new product launches are likely spur further industry growth across regions including North America.
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising awareness about the benefits of electric cars among consumers
- Technological advancements in electric car motor technology
- Growing demand for eco-friendly and energy-efficient transportation solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Car Motor Market Research Report
By Type
Permanent Magnet Synchronous Motor, Asynchronous Motor, Others
By Application
PHEV, HEV, BEV
By Companies
Fukuta, BYD, Broad Ocean, ZF Friedrichshafen AG, Bosch, Jing-Jin Electric (JJE), Anhui JEE, Mitsubishi Motors Corporation, Hitachi, USES, Fukuta, MAGNA, Shenzhen Greatland Electrics Inc, Hepu Power, Zhejiang Founder Motor Co.,Ltd, Zhuhai Inpower, Denso, Tesla Motors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Electric Car Motor Market Report Segments:
The global Electric Car Motor market is segmented on the basis of:
Types
Permanent Magnet Synchronous Motor, Asynchronous Motor, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PHEV, HEV, BEV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fukuta
- BYD
- Broad Ocean
- ZF Friedrichshafen AG
- Bosch
- Jing-Jin Electric (JJE)
- Anhui JEE
- Mitsubishi Motors Corporation
- Hitachi
- USES
- Fukuta
- MAGNA
- Shenzhen Greatland Electrics Inc
- Hepu Power
- Zhejiang Founder Motor Co.,Ltd
- Zhuhai Inpower
- Denso
- Tesla Motors
Highlights of The Electric Car Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Permanent Magnet Synchronous Motor
- Asynchronous Motor
- Others
- By Application:
- PHEV
- HEV
- BEV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Car Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric car motor is a type of internal combustion engine that uses electricity to power the pistons and rotors. Electric motors are often more efficient than traditional gasoline or diesel engines, and they're also becoming increasingly popular because they emit zero emissions.
Some of the major companies in the electric car motor market are Fukuta, BYD, Broad Ocean, ZF Friedrichshafen AG, Bosch, Jing-Jin Electric (JJE), Anhui JEE, Mitsubishi Motors Corporation, Hitachi, USES, Fukuta, MAGNA, Shenzhen Greatland Electrics Inc, Hepu Power, Zhejiang Founder Motor Co.,Ltd, Zhuhai Inpower, Denso, Tesla Motors.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Car Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Car Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Car Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Car Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Car Motor Market Size & Forecast, 2020-2028
4.5.1 Electric Car Motor Market Size and Y-o-Y Growth
4.5.2 Electric Car Motor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Permanent Magnet Synchronous Motor
5.2.2 Asynchronous Motor
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 PHEV
6.2.2 HEV
6.2.3 BEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Car Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Car Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Permanent Magnet Synchronous Motor
9.6.2 Asynchronous Motor
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 PHEV
9.10.2 HEV
9.10.3 BEV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Permanent Magnet Synchronous Motor
10.6.2 Asynchronous Motor
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 PHEV
10.10.2 HEV
10.10.3 BEV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Permanent Magnet Synchronous Motor
11.6.2 Asynchronous Motor
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 PHEV
11.10.2 HEV
11.10.3 BEV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Permanent Magnet Synchronous Motor
12.6.2 Asynchronous Motor
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 PHEV
12.10.2 HEV
12.10.3 BEV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Permanent Magnet Synchronous Motor
13.6.2 Asynchronous Motor
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 PHEV
13.10.2 HEV
13.10.3 BEV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Car Motor Market: Competitive Dashboard
14.2 Global Electric Car Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fukuta
14.3.2 BYD
14.3.3 Broad Ocean
14.3.4 ZF Friedrichshafen AG
14.3.5 Bosch
14.3.6 Jing-Jin Electric (JJE)
14.3.7 Anhui JEE
14.3.8 Mitsubishi Motors Corporation
14.3.9 Hitachi
14.3.10 USES
14.3.11 Fukuta
14.3.12 MAGNA
14.3.13 Shenzhen Greatland Electrics Inc
14.3.14 Hepu Power
14.3.15 Zhejiang Founder Motor Co.,Ltd
14.3.16 Zhuhai Inpower
14.3.17 Denso
14.3.18 Tesla Motors
