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PUBLISHER: Grand View Research | PRODUCT CODE: 1633781

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PUBLISHER: Grand View Research | PRODUCT CODE: 1633781

Electric Vehicle Traction Motor Market Size, Share & Trends Analysis Report By Vehicle (BEV, PHEV), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2025 - 2030

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Description

Table of Contents

List of Tables

Electric Vehicle Traction Motor Market Growth & Trends:

The global electric vehicle traction motor market size is expected to reach USD 74.17 billion by 2030, registering a CAGR of 30.2% from 2025 to 2030, according to a new study by Grand View Research, Inc. Traction motor is the most vital component used in electric vehicles (EV) as it aids the movement of the vehicle. Rise in the adoption EVs has been a major contributor to the market growth.

Governments of developing and developed countries are taking initiatives for boosting the adoption of electric vehicles, through establishment of various stringent norms and policies regarding carbon emissions, as a result of the growing environmental hazards posed by traditional combustion engine vehicles. Moreover, they are providing subsidies for purchasing battery-operated commercial vehicles, which in turn is motivating people to opt for electric vehicles. Hence, factors such as growing environmental concerns and stringent emission norms along with the rising awareness regarding the advantages of EVs is propelling growth of the EV traction motor market.

Furthermore, the cost of ownership of combustion engine vehicles has witnessed rapid rise as a result of the consistent increase in the prices of petrol and diesel. Growing ownership cost has made fleet owners to switch to battery operated vehicles. Although, lower loading capacity is proving to be a restraint for the higher adoption of EVs, companies are observed to be making huge investments to develop advanced technology for EVs and developing powerful motors and batteries. This is expected to eventually reduce the impact of the aforementioned growth restraints over the forecast period.

Electric Vehicle Traction Motor Market Report Highlights:

  • The BEV segment accounted for the largest revenue share of 62.8% in the global electric vehicle traction motor industry in 2024.
  • The PHEV segment in the electric vehicle traction motor industry is expected to advance at the fastest CAGR from 2025 to 2030.
  • The Asia Pacific electric vehicle traction motor market accounted for the largest revenue share of 54.6% globally in 2024, aided by the sharp growth in sales of EVs in the region and the implementation of positive initiatives to encourage regional demand.
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Product Code: GVR-3-68038-922-7

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation and Scope
  • 1.2. Research Methodology
    • 1.2.1. Information Procurement
  • 1.3. Information or Data Analysis
  • 1.4. Methodology
  • 1.5. Research Scope and Assumptions
  • 1.6. Market Formulation & Validation
  • 1.7. Country Based Segment Share Calculation
  • 1.8. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
  • 2.3. Competitive Insights

Chapter 3. Electric Vehicle Traction Motor Market Variables, Trends, & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Market Dynamics
    • 3.2.1. Market Driver Analysis
    • 3.2.2. Market Restraint Analysis
    • 3.2.3. Industry Challenge
  • 3.3. Electric Vehicle Traction Motor Market Analysis Tools
    • 3.3.1. Industry Analysis - Porter's
      • 3.3.1.1. Bargaining power of the suppliers
      • 3.3.1.2. Bargaining power of the buyers
      • 3.3.1.3. Threats of substitution
      • 3.3.1.4. Threats from new entrants
      • 3.3.1.5. Competitive rivalry
    • 3.3.2. PESTEL Analysis
      • 3.3.2.1. Political landscape
      • 3.3.2.2. Economic and social landscape
      • 3.3.2.3. Technological landscape

Chapter 4. Electric Vehicle Traction Motor Market: Vehicle Estimates & Trend Analysis

  • 4.1. Segment Dashboard
  • 4.2. Electric Vehicle Traction Motor Market: Vehicle Movement Analysis, USD Million, 2024 & 2030
  • 4.3. BEV
    • 4.3.1. BEV Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.4. PHEV
    • 4.4.1. PHEV Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Electric Vehicle Traction Motor Market: Regional Estimates & Trend Analysis

  • 5.1. Electric Vehicle Traction Motor Market Share, By Region, 2024 & 2030 (USD Million)
  • 5.2. North America
    • 5.2.1. North America Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.2.2. U.S.
      • 5.2.2.1. U.S. Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.2.3. Canada
      • 5.2.3.1. Canada Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.2.4. Mexico
      • 5.2.4.1. Mexico Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.3. Europe
    • 5.3.1. Europe Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.2. U.K.
      • 5.3.2.1. U.K. Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.3. Germany
      • 5.3.3.1. Germany Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.4. France
      • 5.3.4.1. France Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.5. Norway
      • 5.3.5.1. Norway Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.6. Netherlands
      • 5.3.6.1. Netherlands Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.3.7. Sweden
      • 5.3.7.1. Sweden Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.4. Asia Pacific
    • 5.4.1. Asia Pacific Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.4.2. China
      • 5.4.2.1. China Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.4.3. Japan
      • 5.4.3.1. Japan Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.4.4. India
      • 5.4.4.1. India Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.4.5. South Korea
      • 5.4.5.1. South Korea Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.5. Latin America
    • 5.5.1. Latin America Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 5.5.2. Brazil
      • 5.5.2.1. Brazil Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.6. Middle East and Africa
    • 5.6.1. Middle East and Africa Electric Vehicle Traction Motor Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Competitive Landscape

  • 6.1. Company Categorization
  • 6.2. Company Market Positioning
  • 6.3. Company Heat Map Analysis
  • 6.4. Company Profiles/Listing
    • 6.4.1. ABB
      • 6.4.1.1. Participant's Overview
      • 6.4.1.2. Financial Performance
      • 6.4.1.3. Product Benchmarking
      • 6.4.1.4. Strategic Initiatives
    • 6.4.2. PARKER HANNIFIN CORP
      • 6.4.2.1. Participant's Overview
      • 6.4.2.2. Financial Performance
      • 6.4.2.3. Product Benchmarking
      • 6.4.2.4. Strategic Initiatives
    • 6.4.3. AB SKF
      • 6.4.3.1. Participant's Overview
      • 6.4.3.2. Financial Performance
      • 6.4.3.3. Product Benchmarking
      • 6.4.3.4. Strategic Initiatives
    • 6.4.4. ZF Friedrichshafen AG
      • 6.4.4.1. Participant's Overview
      • 6.4.4.2. Financial Performance
      • 6.4.4.3. Product Benchmarking
      • 6.4.4.4. Strategic Initiatives
    • 6.4.5. Robert Bosch GmbH
      • 6.4.5.1. Participant's Overview
      • 6.4.5.2. Financial Performance
      • 6.4.5.3. Product Benchmarking
      • 6.4.5.4. Strategic Initiatives
    • 6.4.6. Valeo
      • 6.4.6.1. Participant's Overview
      • 6.4.6.2. Financial Performance
      • 6.4.6.3. Product Benchmarking
      • 6.4.6.4. Strategic Initiatives
    • 6.4.7. CONTINENTAL ENGINEERING SERVICES
      • 6.4.7.1. Participant's Overview
      • 6.4.7.2. Financial Performance
      • 6.4.7.3. Product Benchmarking
      • 6.4.7.4. Strategic Initiatives
    • 6.4.8. Hitachi, Ltd.
      • 6.4.8.1. Participant's Overview
      • 6.4.8.2. Financial Performance
      • 6.4.8.3. Product Benchmarking
      • 6.4.8.4. Strategic Initiatives
    • 6.4.9. Turntide
      • 6.4.9.1. Participant's Overview
      • 6.4.9.2. Financial Performance
      • 6.4.9.3. Product Benchmarking
      • 6.4.9.4. Strategic Initiatives
    • 6.4.10. YASA Limited
      • 6.4.10.1. Participant's Overview
      • 6.4.10.2. Financial Performance
      • 6.4.10.3. Product Benchmarking
      • 6.4.10.4. Strategic Initiatives
    • 6.4.11. NIDEC CORPORATION
      • 6.4.11.1. Participant's Overview
      • 6.4.11.2. Financial Performance
      • 6.4.11.3. Product Benchmarking
      • 6.4.11.4. Strategic Initiatives
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Product Code: GVR-3-68038-922-7

List of Tables

  • Table 1 Global electric vehicle traction motor market, by region, 2018 - 2030 (USD Million)
  • Table 2 Global electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 3 North America electric vehicle traction motor market, by country, 2018 - 2030 (USD Million)
  • Table 4 North America electric vehicle traction motor market, by vehicle ,2018 - 2030 (USD Million)
  • Table 5 U.S. electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 6 Canada electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 7 Mexico electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 8 Europe electric vehicle traction motor market, by country, 2018 - 2030 (USD Million)
  • Table 9 Europe electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 10 U.K. electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 11 Germany electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 12 France electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 13 Norway electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 14 Netherlands electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 15 Sweden electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 16 Asia Pacific electric vehicle traction motor market, by country, 2018 - 2030 (USD Million)
  • Table 17 Asia Pacific electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 18 China electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 19 India electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 20 Japan electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 21 South Korea electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 22 Latin America electric vehicle traction motor market, by country, 2018 - 2030 (USD Million)
  • Table 23 Latin America electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 24 Brazil electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)
  • Table 25 MEA electric vehicle traction motor market, by country, 2018 - 2030 (USD Million)
  • Table 26 MEA electric vehicle traction motor market, by vehicle, 2018 - 2030 (USD Million)

List of Figures

  • Fig. 1 Electric vehicle traction motor market segmentation
  • Fig. 2 Market research process
  • Fig. 3 Information procurement
  • Fig. 4 Primary research pattern
  • Fig. 5 Market research approaches
  • Fig. 6 Value chain-based sizing & forecasting
  • Fig. 7 Parent market analysis
  • Fig. 8 Market formulation & validation
  • Fig. 9 Electric vehicle traction motor market snapshot
  • Fig. 10 Electric vehicle traction motor market segment snapshot
  • Fig. 11 Electric vehicle traction motor market competitive landscape snapshot
  • Fig. 12 Market research process
  • Fig. 13 Market driver relevance analysis (Current & future impact)
  • Fig. 14 Market restraint relevance analysis (Current & future impact)
  • Fig. 15 Electric vehicle traction motor market, vehicle outlook key takeaways (USD million)
  • Fig. 16 Electric vehicle traction motor market vehicle movement analysis (USD million), 2024 & 2030
  • Fig. 17 BEV market revenue estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 18 PHEV market revenue estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 19 Regional marketplace: Key takeaways
  • Fig. 20 Electric vehicle traction motor market: Regional outlook, 2024 & 2030, USD Million
  • Fig. 21 North America electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 22 U.S. electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 23 Canada electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 24 Mexico electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 25 Europe electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 26 U.K. electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 27 Germany electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 28 France electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 29 Norway electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 30 Netherlands electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 31 Sweden electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 32 Asia Pacific electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 33 Japan electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 34 China electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 35 India electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 36 South Korea electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 37 Latin America electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 38 Brazil electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 39 MEA electric vehicle traction motor market estimates and forecasts, 2018 - 2030 (USD million)
  • Fig. 40 Strategy framework
  • Fig. 41 Company categorization
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