Market Overview:
The global new energy vehicle traction motor cores market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs). The global new energy vehicle traction motor cores market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into permanent magnet motor cores and AC induction motor cores. On the basis of application, the market has been segmented into EVs and HEVs. Region-wise, North America is expected to lead in terms of revenue contribution followed by Europe over 2018-2030.
Product Definition:
A traction motor is a type of electric motor that provides propulsion for a vehicle. Traction motors are used in many types of vehicles, including electric cars, trains, boats, and aircraft.
The cores of traction motors are typically made from silicon steel. This material has excellent magnetic properties and can withstand the high temperatures generated by the electrical current passing through the motor.
Permanent Magnet Motor Cores:
Permanent magnet motor cores are used in traction motors of electric vehicles. Electric vehicle traction motor consists of a rotor, stator and core assembly. The permanent magnet rotor attracts and repells the magnetic flux with the help of an electromagnet coil wound around it. As a result, torque is generated which can drive any type of vehicle including cars, trucks or even bicycles with ease.
AC Induction Motor Cores:
AC Induction Motor Cores are used in traction motor of New Energy Vehicles (NEV). The induction motor core is a type of electric motor which uses the magnetic field for generating mechanical energy. It’s an electromagnetic machine, which consists of permanent magnets and conductors to generate electrical energy when the armature rotates around the magnetic field.
Application Insights:
The electric vehicle application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Increasing government funding and incentives for promoting adoption of electric vehicles are expected to drive growth over the coming years. For instance, in Norway, income- eligible residents can apply for subsidies worth around USD 15,000 on installing an EV charging station at their homes. Such initiatives by governments across various countries are anticipated to boost product demand in near future as traction motors are considered one of the most important components when it comes to EVs along with batteries.
The heavy-duty electric vehicle (HEV) segment is estimated to witness significant growth during the forecast period owing to increasing penetration of HEVs such as Tesla Model S.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is anticipated to witness significant growth over the forecast period. The region has witnessed a growing adoption of electric vehicles (EVs) since 2010, which was followed by an increase in EV sales globally. China leads global EV production owing to low manufacturing cost and availability of cheap labor. Moreover, favorable government policies such as tax incentives on EVs are expected to drive demand further over the next eight years.
Europe is one of the major markets for new energy vehicle traction motor core products due to stringent emission norms implemented across European countries that have mandated various automotive manufacturers including HEVs with superior performance compared to other conventional vehicles available in the market place at that time or thereafter.
Growth Factors:
- Increasing demand for electric and hybrid vehicles: The global market for electric and hybrid vehicles is expected to grow at a CAGR of more than 14% from 2016 to 2020. This growth can be attributed to the increasing environmental concerns, government initiatives, and technological advancements in the automotive industry.
- Rising demand for lightweight materials in automobiles: With the increasing focus on fuel efficiency, weight reduction has become an important parameter while designing automobiles. Lightweight materials such as aluminum alloys and composites are being increasingly used in automobile manufacturing as they help reduce weight without compromising on performance or safety. This is expected to drive the demand for traction motor cores made of lightweight materials over the next few years.
- Growing popularity of electric vehicles: Electric vehicles are becoming increasingly popular due to their low emissions and fuel efficiency advantages over traditional gasoline-powered cars. In addition, governments around the world are offering various incentives (e..g., tax breaks) to promote their adoption which is further aiding their growth prospects .
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Traction Motor Cores Market Research Report
By Type
Permanent Magnet Motor Cores, AC Induction Motor Cores
By Application
EV, HEV
By Companies
Mitsui High-tec, Yutaka Giken, Kienle Spiess, Shiri Electromechanical Technology, Tempel Steel, Toyota Boshoku, Suzhou Fine-stamping, Foshan Pulizi Core, POSCO, Kuroda Precision, Mitsui High-tec
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Traction Motor Cores Market Report Segments:
The global New Energy Vehicle Traction Motor Cores market is segmented on the basis of:
Types
Permanent Magnet Motor Cores, AC Induction Motor Cores
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
EV, HEV
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:
- Mitsui High-tec
- Yutaka Giken
- Kienle Spiess
- Shiri Electromechanical Technology
- Tempel Steel
- Toyota Boshoku
- Suzhou Fine-stamping
- Foshan Pulizi Core
- POSCO
- Kuroda Precision
- Mitsui High-tec
Highlights of The New Energy Vehicle Traction Motor Cores 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 Motor Cores
- AC Induction Motor Cores
- By Application:
- EV
- HEV
- 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 New Energy Vehicle Traction Motor Cores 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.
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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?
New Energy Vehicle traction motor cores are designed to provide increased power and efficiency when compared to traditional motors. These cores are made from high-quality materials that ensure they can handle the rigors of automotive use. They also feature advanced design features that allow them to produce more power and torque than traditional motors. This makes them a great choice for vehicles that need increased performance, such as electric cars and trucks.
Some of the major players in the new energy vehicle traction motor cores market are Mitsui High-tec, Yutaka Giken, Kienle Spiess, Shiri Electromechanical Technology, Tempel Steel, Toyota Boshoku, Suzhou Fine-stamping, Foshan Pulizi Core, POSCO, Kuroda Precision, Mitsui High-tec.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Market Size & Forecast, 2018-2028
4.5.1 New Energy Vehicle Traction Motor Cores Market Size and Y-o-Y Growth
4.5.2 New Energy Vehicle Traction Motor Cores Market Absolute $ Opportunity
Chapter 5 Global New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Type
5.2.1 Permanent Magnet Motor Cores
5.2.2 AC Induction Motor Cores
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Applications
6.2.1 EV
6.2.2 HEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Analysis and Forecast
9.1 Introduction
9.2 North America New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Type
9.6.1 Permanent Magnet Motor Cores
9.6.2 AC Induction Motor Cores
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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Applications
9.10.1 EV
9.10.2 HEV
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 New Energy Vehicle Traction Motor Cores Analysis and Forecast
10.1 Introduction
10.2 Europe New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Type
10.6.1 Permanent Magnet Motor Cores
10.6.2 AC Induction Motor Cores
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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Applications
10.10.1 EV
10.10.2 HEV
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 New Energy Vehicle Traction Motor Cores Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Type
11.6.1 Permanent Magnet Motor Cores
11.6.2 AC Induction Motor Cores
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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Applications
11.10.1 EV
11.10.2 HEV
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 New Energy Vehicle Traction Motor Cores Analysis and Forecast
12.1 Introduction
12.2 Latin America New Energy Vehicle Traction Motor Cores 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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Type
12.6.1 Permanent Magnet Motor Cores
12.6.2 AC Induction Motor Cores
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 New Energy Vehicle Traction Motor Cores Market Size Forecast by Applications
12.10.1 EV
12.10.2 HEV
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) New Energy Vehicle Traction Motor Cores Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) New Energy Vehicle Traction Motor Cores 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) New Energy Vehicle Traction Motor Cores Market Size Forecast by Type
13.6.1 Permanent Magnet Motor Cores
13.6.2 AC Induction Motor Cores
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) New Energy Vehicle Traction Motor Cores Market Size Forecast by Applications
13.10.1 EV
13.10.2 HEV
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 New Energy Vehicle Traction Motor Cores Market: Competitive Dashboard
14.2 Global New Energy Vehicle Traction Motor Cores Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsui High-tec
14.3.2 Yutaka Giken
14.3.3 Kienle Spiess
14.3.4 Shiri Electromechanical Technology
14.3.5 Tempel Steel
14.3.6 Toyota Boshoku
14.3.7 Suzhou Fine-stamping
14.3.8 Foshan Pulizi Core
14.3.9 POSCO
14.3.10 Kuroda Precision
14.3.11 Mitsui High-tec
