Market Overview:
The global electric light commercial vehicle traction motor market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric light commercial vehicles across the globe. Electric light commercial vehicles are witnessing high adoption rates due to their low emissions and fuel efficiency as compared to traditional internal combustion engine (ICE) vehicles. Additionally, governments across various regions are providing incentives and subsidies for the adoption of electric light commercial vehicles, which is further aiding in their growth. The global electric light commercial vehicle traction motor market can be segmented on the basis of type into alternating current (AC) and direct current (DC) motors. The AC motors segment is expected to hold a major share of the global market during the forecast period owing to its high efficiency and reliability as compared to DC motors. BEVs are powered by electricity alone and do not require any other type of fuel such as gasoline or diesel. This makes them more environmentally friendly than other types of passenger cars available in today’s markets . Additionally, governments across various regions are providing incentives forthe purchaseof BEVs , whichis further aidingin theirgrowth .
Product Definition:
Electric Light Commercial Vehicle Traction Motor is the electric motor that powers electric light commercial vehicles. These motors are typically used in applications such as delivery vans, shuttle buses, and small trucks. They are important because they allow these types of vehicles to travel without using any type of fossil fuel. This makes them environmentally friendly and helps to reduce emissions from these types of vehicles.
Alternating Current:
An alternating current (AC) is an electric current that periodically varies in direction.
The above figure represents a sine wave of frequency f and amplitude A. It also shows that the maximum positive & negative peak to peak voltage are equal. In other words, it has constant power factor throughout its range.
Direct Current:
Direct current (DC) is the flow of electric charge in a single direction. The DC motor has no commutator and uses only one coil for magnetic flux. It produces more torque per ampere than the AC counterpart and does not require a brushes to slip as it rotates. They are used in traction motors that drive train wheels or vehicle tires through the use of chains or belts.
Application Insights:
Battery electric vehicles accounted for the largest market share in 2017 and are projected to expand at a CAGR of XX% over the forecast period. The primary reason behind this growth is increasing government initiatives regarding emission control in order to protect environment. Also, growing demand for passenger cars due to rising disposable income levels among consumers particularly in Asia Pacific and Europe is expected to drive the segment over next seven years.
Hybrid electric vehicles are estimated to be the fastest-growing application segment with a CAGR of XX% from 2018to 2030 owing to technological advancements such as regenerative braking that significantly reduces fuel consumption by reducing vehicle speed without using additional energy generated through electricity motors, thus lowering carbon emissions significantly when compared with combustion engines used currently by commercial vehicles across various applications including city buses, light trucks, delivery vans etcetera.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The region has been witnessing increasing demand for commercial vehicles, particularly electric light traction motors. This growth can be attributed to rising urbanization across countries such as China, India, Japan and South Korea. Moreover, governments of these countries have set up policies aimed at reducing carbon footprint by encouraging use of electric vehicles on a large scale.
North America is expected to witness significant growth over the forecast period owing to growing adoption of battery-operated EVs across U.S., Canada and Mexico on account of stringent regulations regarding emission levels set by government organizations such as Environment Protection Agency (EPA) & National Highway Traffic Safety Administration (NHTSA).
Growth Factors:
- Increasing demand for electric light commercial vehicles (ELCV) due to the growing awareness of environment-friendly and fuel-efficient transportation options.
- Proliferation of charging infrastructure, especially in developed countries, is aiding the growth of ELCV traction motor market.
- Stringent emission norms across regions are prompting Original Equipment Manufacturers (OEMs) to develop more efficient and environment-friendly electric propulsion systems for ELCVs.
- Growing demand from fleet operators for electric buses as a result of government incentives and subsidies is also propelling the growth of ELCV traction motor market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Light Commercial Vehicle Traction Motor Market Research Report
By Type
Alternating Current, Direct Current
By Application
Battery Electric Vehicles, Hybrid Electric Vehicles, Others
By Companies
ABB, Zhongshan Broad-Ocean Motor Co. Ltd., BorgWarner Inc., Robert Bosch AG, Siemens AG, Toshiba Group, ZF Group, Continental AG, Vitesco Technologies, Valeo SA
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Electric Light Commercial Vehicle Traction Motor Market Report Segments:
The global Electric Light Commercial Vehicle Traction Motor market is segmented on the basis of:
Types
Alternating Current, Direct Current
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
Battery Electric Vehicles, Hybrid Electric Vehicles, Others
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:
- ABB
- Zhongshan Broad-Ocean Motor Co. Ltd.
- BorgWarner Inc.
- Robert Bosch AG
- Siemens AG
- Toshiba Group
- ZF Group
- Continental AG
- Vitesco Technologies
- Valeo SA
Highlights of The Electric Light Commercial Vehicle Traction 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:
- Alternating Current
- Direct Current
- By Application:
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Others
- 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 Light Commercial Vehicle Traction 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
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- 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 light commercial vehicle traction motor is a type of electric motor used to power vehicles, such as trucks and buses. These motors are typically smaller and more efficient than traditional gasoline or diesel engines, making them a popular choice for vehicles that need to travel long distances on roads without frequent stops.
Some of the major players in the electric light commercial vehicle traction motor market are ABB, Zhongshan Broad-Ocean Motor Co. Ltd., BorgWarner Inc., Robert Bosch AG, Siemens AG, Toshiba Group, ZF Group, Continental AG, Vitesco Technologies, Valeo SA.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Light Commercial Vehicle Traction 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 Light Commercial Vehicle Traction Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Light Commercial Vehicle Traction 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 Light Commercial Vehicle Traction 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 Light Commercial Vehicle Traction Motor Market Size & Forecast, 2020-2028
4.5.1 Electric Light Commercial Vehicle Traction Motor Market Size and Y-o-Y Growth
4.5.2 Electric Light Commercial Vehicle Traction 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 Alternating Current
5.2.2 Direct Current
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 Battery Electric Vehicles
6.2.2 Hybrid Electric Vehicles
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Light Commercial Vehicle Traction 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 Light Commercial Vehicle Traction 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 Alternating Current
9.6.2 Direct Current
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 Battery Electric Vehicles
9.10.2 Hybrid Electric Vehicles
9.10.3 Others
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 Alternating Current
10.6.2 Direct Current
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 Battery Electric Vehicles
10.10.2 Hybrid Electric Vehicles
10.10.3 Others
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 Alternating Current
11.6.2 Direct Current
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 Battery Electric Vehicles
11.10.2 Hybrid Electric Vehicles
11.10.3 Others
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 Alternating Current
12.6.2 Direct Current
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 Battery Electric Vehicles
12.10.2 Hybrid Electric Vehicles
12.10.3 Others
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 Alternating Current
13.6.2 Direct Current
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 Battery Electric Vehicles
13.10.2 Hybrid Electric Vehicles
13.10.3 Others
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 Light Commercial Vehicle Traction Motor Market: Competitive Dashboard
14.2 Global Electric Light Commercial Vehicle Traction Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Zhongshan Broad-Ocean Motor Co. Ltd.
14.3.3 BorgWarner Inc.
14.3.4 Robert Bosch AG
14.3.5 Siemens AG
14.3.6 Toshiba Group
14.3.7 ZF Group
14.3.8 Continental AG
14.3.9 Vitesco Technologies
14.3.10 Valeo SA
