Market Overview:
Electric Motors for Vehicles Market is expected to grow at a CAGR of XX% and is projected to reach USD XX million by 2030. The market growth is attributed to the increasing demand for electric vehicles across the globe. AC Motors are expected to dominate the market during the forecast period owing to their high efficiency and low maintenance cost as compared to DC Motors. BEV segment is anticipated to be the fastest growing segment during the forecast period owing rising concerns over environment pollution and global warming. Asia Pacific region dominates the Electric Motors for Vehicles Market followed by Europe, North America, Latin America, Middle East & Africa respectively.
Product Definition:
Electric Motors for Vehicles are devices that convert electrical energy into mechanical energy. This mechanical energy is then used to power the vehicle. Electric Motors for Vehicles are important because they provide a more efficient and environmentally friendly alternative to gasoline-powered engines.
AC Motors:
AC motors, also called electric motor is an electrical device which produces mechanical energy when powered. It can be classified as a rotating machine under the wind or steam turbine category. AC motors are widely used in various industries such as automotive, manufacturing and construction equipment, marine and power tools among others owing to their properties such as high torque density at low speeds along with the ability to run at variable speeds.
DC Motors:
DC motors are used in electric vehicles for the purpose of providing mechanical drive to vehicle’s systems. They are widely used in automotive applications such as engine, transmission, powertrain and others. The growing demand for electric vehicles is expected to be a key factor driving market growth over the forecast period.
Increasing government initiatives towards promoting e-mobility is also anticipated to fuel market growth over the next seven years.
Application Insights:
The battery electric vehicle (BEV) segment dominated the global electric motors for vehicles market in terms of revenue share in 2017. The high penetration of this application is primarily due to the availability of extensive public infrastructure and supportive government policies that encourage the adoption of EVs. Furthermore, increasing research & development activities by major automotive players for developing cost-effective and energy-efficient electric motors is expected to drive demand over the forecast period.
The plug-in hybrid vehicle (PHEV) segment accounted for a significant revenue share in 2017 owing to rising demand from countries such as Japan, China, Germany and France among others. These countries have stringent regulations regarding pollution levels and are investing significantly in EV technologies as a part of their efforts towards reducing it further down to acceptable levels.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The region has been witnessing a growing demand for electric vehicles on account of increasing government initiatives and investments in EV infrastructure. China, Japan, South Korea, India are some of the countries that have shown high interest in electric vehicles owing to various factors such as low maintenance cost, enhanced safety features compared to Internal Combustion Engine (ICE) driven cars along with strict regulations regarding CO2 emissions from vehicles operating on diesel or gasoline.
The European market was valued at USD X billion in 2017 and is expected to witness significant growth over the forecast period owing to rising environmental concerns among consumers coupled with stringent emission norms set by governments across Europe Union member states such as Germany, France Italy etcetera.
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 vehicles over traditional petrol or diesel-powered vehicles
- Technological advancements in electric vehicle motors that improve performance and efficiency
- Growing demand for eco-friendly, low-emission transportation solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Motors for Vehicles Market Research Report
By Type
AC Motors, DC Motors
By Application
BEV, PHEV, FCEV
By Companies
Toshiba, Allied Motion Technologies, Ametek Inc, ARC Systems, Baldor Electric, Bosch, Denso, Emerson Electric, Faulhaber Group, Johnson Electric Holding, Maxon Motor AG, Siemens AG, ALABC/ILA, Controlled Power Technologies CPT Ltd UK, Elaphe, MAHLE GmbH, Protean Electric
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Electric Motors for Vehicles Market Report Segments:
The global Electric Motors for Vehicles market is segmented on the basis of:
Types
AC Motors, DC Motors
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
BEV, PHEV, FCEV
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:
- Toshiba
- Allied Motion Technologies
- Ametek Inc
- ARC Systems
- Baldor Electric
- Bosch
- Denso
- Emerson Electric
- Faulhaber Group
- Johnson Electric Holding
- Maxon Motor AG
- Siemens AG
- ALABC/ILA
- Controlled Power Technologies CPT Ltd UK
- Elaphe
- MAHLE GmbH
- Protean Electric
Highlights of The Electric Motors for Vehicles 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:
- AC Motors
- DC Motors
- By Application:
- BEV
- PHEV
- FCEV
- 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 Motors for Vehicles 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?
Electric motors are used in vehicles to power the various systems and components. These motors can be found in everything from small cars to large trucks. They provide a more efficient way of powering a vehicle than traditional engines, and they're also much quieter than gasoline or diesel engines.
Some of the key players operating in the electric motors for vehicles market are Toshiba, Allied Motion Technologies, Ametek Inc, ARC Systems, Baldor Electric, Bosch, Denso, Emerson Electric, Faulhaber Group, Johnson Electric Holding, Maxon Motor AG, Siemens AG, ALABC/ILA, Controlled Power Technologies CPT Ltd UK, Elaphe, MAHLE GmbH, Protean Electric.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Motors for Vehicles 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 Motors for Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Motors for Vehicles 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 Motors for Vehicles 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 Motors for Vehicles Market Size & Forecast, 2018-2028
4.5.1 Electric Motors for Vehicles Market Size and Y-o-Y Growth
4.5.2 Electric Motors for Vehicles Market Absolute $ Opportunity
Chapter 5 Global Electric Motors for Vehicles 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 Electric Motors for Vehicles Market Size Forecast by Type
5.2.1 AC Motors
5.2.2 DC Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Motors for Vehicles 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 Electric Motors for Vehicles Market Size Forecast by Applications
6.2.1 BEV
6.2.2 PHEV
6.2.3 FCEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Motors for Vehicles 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 Motors for Vehicles 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 Electric Motors for Vehicles Analysis and Forecast
9.1 Introduction
9.2 North America Electric Motors for Vehicles 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 Electric Motors for Vehicles Market Size Forecast by Type
9.6.1 AC Motors
9.6.2 DC Motors
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 Electric Motors for Vehicles Market Size Forecast by Applications
9.10.1 BEV
9.10.2 PHEV
9.10.3 FCEV
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 Electric Motors for Vehicles Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Motors for Vehicles 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 Electric Motors for Vehicles Market Size Forecast by Type
10.6.1 AC Motors
10.6.2 DC Motors
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 Electric Motors for Vehicles Market Size Forecast by Applications
10.10.1 BEV
10.10.2 PHEV
10.10.3 FCEV
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 Electric Motors for Vehicles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Motors for Vehicles 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 Electric Motors for Vehicles Market Size Forecast by Type
11.6.1 AC Motors
11.6.2 DC Motors
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 Electric Motors for Vehicles Market Size Forecast by Applications
11.10.1 BEV
11.10.2 PHEV
11.10.3 FCEV
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 Electric Motors for Vehicles Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Motors for Vehicles 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 Electric Motors for Vehicles Market Size Forecast by Type
12.6.1 AC Motors
12.6.2 DC Motors
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 Electric Motors for Vehicles Market Size Forecast by Applications
12.10.1 BEV
12.10.2 PHEV
12.10.3 FCEV
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) Electric Motors for Vehicles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Motors for Vehicles 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) Electric Motors for Vehicles Market Size Forecast by Type
13.6.1 AC Motors
13.6.2 DC Motors
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) Electric Motors for Vehicles Market Size Forecast by Applications
13.10.1 BEV
13.10.2 PHEV
13.10.3 FCEV
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 Motors for Vehicles Market: Competitive Dashboard
14.2 Global Electric Motors for Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toshiba
14.3.2 Allied Motion Technologies
14.3.3 Ametek Inc
14.3.4 ARC Systems
14.3.5 Baldor Electric
14.3.6 Bosch
14.3.7 Denso
14.3.8 Emerson Electric
14.3.9 Faulhaber Group
14.3.10 Johnson Electric Holding
14.3.11 Maxon Motor AG
14.3.12 Siemens AG
14.3.13 ALABC/ILA
14.3.14 Controlled Power Technologies CPT Ltd UK
14.3.15 Elaphe
14.3.16 MAHLE GmbH
14.3.17 Protean Electric
