Market Overview:
The global electric vehicle motors 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 vehicles across the globe. Electric vehicles are powered by electricity and do not emit harmful gases, which makes them environment-friendly. This is one of the major factors that is driving the demand for electric vehicles globally. Additionally, governments across various countries are providing incentives and subsidies for purchasing electric vehicles, which is also contributing to the growth of this market. The global electric vehicle motors market can be segmented on the basis of type into below 40 kW, 40-80 kW and above 80 kW segments. The below 40 kW segment is expected to account for a major share in terms of revenue in this market during the forecast period from 2018 to 2030 owing to its low cost as compared with other types of electric vehicle motors available in this market.
Product Definition:
Electric Vehicle Motors are electric motors used in electric vehicles. They are usually more powerful than the electric motors used in other applications, and they often have a higher power density. This makes them better suited for use in electric vehicles, where they can provide the necessary power to move the vehicle and its passengers.
Below 40KW:
Below 40KW, it's usage and growth factor in Electric Vehicle Motors market? Recently, electric vehicle motors have witnessed a tremendous rise in demand owing to the increasing awareness towards reducing harmful emissions from vehicles. The global electric vehicle stock exceeded 1 million for the first time ever in 2015. This unprecedented growth of EV motor is expected to drive below 40KW usage over the forecast period.
Electric vehicles are powered by lithium-ion batteries that offer high energy density.
40-80KW:
40-80KW is the range of electric vehicle power output. It is used to express the power required for a variety of applications in an EV, such as driving the motorized seats or cooling fans. The general trend amongst manufacturers has been to adopt 40-80KW as a standard expression for EVs and higher kW values for luxury vehicles.
The value chosen depends on several factors including battery capacity, desired range, charging time requirements and cost among others.
Application Insights:
Based on application, the global electric vehicle motors market has been segmented into full hybrid electric vehicles, mild hybrid electric vehicles, plug-in hybrid electric vehicles and pure EVs. The full hybrid segment dominated the overall market in terms of revenue share in 2017. This is attributed to increasing demand for gasoline and diesel fueled cars that are more economical as compared to their counterparts using electricity alone. However, mild hybrids are expected to witness a higher growth rate over the forecast period owing to rising demand for such automobiles from corporate clients who prefer not having an entirely emission-free automobile available at their disposal.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for promoting electric vehicles in China, Japan, and India. Furthermore, growing sales of EVs in these countries on account of high taxes levied on internal combustion engine vehicles and stringent air pollution regulations are expected to drive the regional market. The European region accounted for a share of more than 25% in 2017 owing to favorable government policies regarding the adoption of electric cars along with high consumer awareness about environment protection. However, sluggish demand from key markets such as Germany and France may hamper growth during the forecast period.
North America is projected to grow at a CAGR exceeding 10% over the forecast period due to rising investments by major companies such as Tesla Motors Inc., Ford Motor Company; General Motors Company; Nissan Motor Corporation; BMW Group; Mercedes-Benz AG Daimler AG.
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 among consumers
- Technological advancements in electric vehicle motors that improve performance and efficiency
- Growing demand for eco-friendly alternatives to traditional fuel-based transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Motors Market Research Report
By Type
Below 40KW, 40-80KW, Above 80KW
By Application
Full Hybrid Electric Vehicle, Mild Hybrid Electric Vehicle, Plug-in-hybrid Electric Vehicle, Pure EV
By Companies
Continental, Denso, Delphi Automotive, Hitachi Automotive, Tesla Motors, Toyota Industries, BYD Auto, Metric Mind, Mitsubishi Electric, Continental
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Motors Market Report Segments:
The global Electric Vehicle Motors market is segmented on the basis of:
Types
Below 40KW, 40-80KW, Above 80KW
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
Full Hybrid Electric Vehicle, Mild Hybrid Electric Vehicle, Plug-in-hybrid Electric Vehicle, Pure EV
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:
- Continental
- Denso
- Delphi Automotive
- Hitachi Automotive
- Tesla Motors
- Toyota Industries
- BYD Auto
- Metric Mind
- Mitsubishi Electric
- Continental
Highlights of The Electric Vehicle Motors 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:
- Below 40KW
- 40-80KW
- Above 80KW
- By Application:
- Full Hybrid Electric Vehicle
- Mild Hybrid Electric Vehicle
- Plug-in-hybrid Electric Vehicle
- Pure EV
- 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 Vehicle Motors 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 vehicle motors are powered by electricity from batteries.
Some of the key players operating in the electric vehicle motors market are Continental, Denso, Delphi Automotive, Hitachi Automotive, Tesla Motors, Toyota Industries, BYD Auto, Metric Mind, Mitsubishi Electric, Continental.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Motors 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 Vehicle Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Motors 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 Vehicle Motors 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 Vehicle Motors Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Motors Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Motors Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Motors 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 Vehicle Motors Market Size Forecast by Type
5.2.1 Below 40KW
5.2.2 40-80KW
5.2.3 Above 80KW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Motors 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 Vehicle Motors Market Size Forecast by Applications
6.2.1 Full Hybrid Electric Vehicle
6.2.2 Mild Hybrid Electric Vehicle
6.2.3 Plug-in-hybrid Electric Vehicle
6.2.4 Pure EV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Motors 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 Vehicle Motors 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 Vehicle Motors Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Motors 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 Vehicle Motors Market Size Forecast by Type
9.6.1 Below 40KW
9.6.2 40-80KW
9.6.3 Above 80KW
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 Vehicle Motors Market Size Forecast by Applications
9.10.1 Full Hybrid Electric Vehicle
9.10.2 Mild Hybrid Electric Vehicle
9.10.3 Plug-in-hybrid Electric Vehicle
9.10.4 Pure EV
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 Vehicle Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Motors 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 Vehicle Motors Market Size Forecast by Type
10.6.1 Below 40KW
10.6.2 40-80KW
10.6.3 Above 80KW
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 Vehicle Motors Market Size Forecast by Applications
10.10.1 Full Hybrid Electric Vehicle
10.10.2 Mild Hybrid Electric Vehicle
10.10.3 Plug-in-hybrid Electric Vehicle
10.10.4 Pure EV
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 Vehicle Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Motors 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 Vehicle Motors Market Size Forecast by Type
11.6.1 Below 40KW
11.6.2 40-80KW
11.6.3 Above 80KW
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 Vehicle Motors Market Size Forecast by Applications
11.10.1 Full Hybrid Electric Vehicle
11.10.2 Mild Hybrid Electric Vehicle
11.10.3 Plug-in-hybrid Electric Vehicle
11.10.4 Pure EV
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 Vehicle Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Motors 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 Vehicle Motors Market Size Forecast by Type
12.6.1 Below 40KW
12.6.2 40-80KW
12.6.3 Above 80KW
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 Vehicle Motors Market Size Forecast by Applications
12.10.1 Full Hybrid Electric Vehicle
12.10.2 Mild Hybrid Electric Vehicle
12.10.3 Plug-in-hybrid Electric Vehicle
12.10.4 Pure EV
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 Vehicle Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Motors 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 Vehicle Motors Market Size Forecast by Type
13.6.1 Below 40KW
13.6.2 40-80KW
13.6.3 Above 80KW
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 Vehicle Motors Market Size Forecast by Applications
13.10.1 Full Hybrid Electric Vehicle
13.10.2 Mild Hybrid Electric Vehicle
13.10.3 Plug-in-hybrid Electric Vehicle
13.10.4 Pure EV
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 Vehicle Motors Market: Competitive Dashboard
14.2 Global Electric Vehicle Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Denso
14.3.3 Delphi Automotive
14.3.4 Hitachi Automotive
14.3.5 Tesla Motors
14.3.6 Toyota Industries
14.3.7 BYD Auto
14.3.8 Metric Mind
14.3.9 Mitsubishi Electric
14.3.10 Continental
