Electric Vehicle Motor Market Research Report- Forecast 2027

Global Electric Vehicle Motor Market Information Report By Motor Type (DC Brushed Motors, DC Brushless Motors, Induction (Asynchronous) Motor, Synchronous Motor And Switched Reluctance Motor), By Power Rating (<40 Kw, 40 Kw-80 Kw And >80 Kw) And By Region - Forecast To 2027

ID: MRFR/AM/3942-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis:


The electric motor facilitates the conversion of electrical energy into mechanical energy for propulsion of the vehicle, with the objective to enable regenerative braking or charging energies to generate electricity stored on board.


The major factor driving the growth of the electric vehicle motor is the increase in demand for improving the driving range of electric vehicles, which is in turn has a positive impact on the growth of the market over the forecast period. The range of the electric vehicle is majorly dependent on the electric powertrain control systems. Another major driver for the growth of the market is the introduction of stringent government regulations. Globally, many countries have implemented stringent emission norms for lowering GHG emissions for reducing the causes of global warming. Therefore, it mandates the automotive manufactures to develop zero emission vehicles for meeting the more stringent emission standards. These regulations have led to an increased focus on production of more efficient electric vehicles, thereby driving the market growth during the forecast period. The other factors driving the growth of the market are introduction of tax incentives, and subsidies for EV manufacturers and end-users.


The global electric vehicle motor market has seen a remarkable growth in the global market and it has been observed that, its demand in future is expected to grow with the CAGR of ~20%.


 Electric Vehicle Motor


 Based on power rating, the global market has been segmented as <40 Kw, 40 Kw-80 Kw and >80 Kw. Amongst all types of power rating, the >80 kW segment is expected to dominate the electric vehicle motors market by the end of forecast period. These types of motors are majorly used by the automotive manufacturers in luxury vehicles. It has also been forecast that over the forecast period there would be a significant reduction in prices of the motor. This will, in turn, increase the adoption of high-performance motors in electric vehicles, thereby propelling the growth of the market.


Based on motor type, the electric vehicle motor market has been segmented as DC Brushed Motors, DC Brushless Motors, Induction (Asynchronous) Motor, Synchronous Motor and Switched Reluctance Motor. Amongst these, DC Brushed Motors is expected to dominate the growth of the market. In DC brushed motor, brushes along with commutators provide a link between external supply circuit and armature of the motor. Brushes can be made up of various materials such as carbon, copper, carbon graphite and metal graphite.  DC brushed motors possess the ability to achieve high torque at low speeds, which makes them suitable for use in electric vehicles.        


Geographically, the global electric vehicle motor market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is expected to contribute the highest to the electric car motor market. The rapid increase in production and sales of electric vehicles in countries such as Japan and China and the presence of original equipment manufacturers, will boost the growth of the Asia Pacific market.


The prominent players in the electric vehicle motor market include Continental AG (Germany), Hitachi Automotive Systems, Ltd. (Japan), Tesla, Inc. (U.S.), BYD Auto Co., Ltd. (China), Denso Corporation (Japan), Metric Mind Corporation (U.S.), Mitsubishi Electric Corporation (Japan), Allied Motion Technologies Inc. (U.S.), Robert Bosch GmbH (Germany) and Siemens AG (Germany).


The report for Global Electric Vehicle Motor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   20% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Motor Type, Power Rating
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Continental AG (Germany), Hitachi Automotive Systems, Ltd. (Japan), Tesla, Inc. (U.S.), BYD Auto Co., Ltd. (China), Denso Corporation (Japan), Metric Mind Corporation (U.S.), Mitsubishi Electric Corporation (Japan), Allied Motion Technologies Inc. (U.S.), Robert Bosch GmbH (Germany) and Siemens AG (Germany).
  Key Market Opportunities

  • Increased focus on production of more efficient electric vehicles
  • Increase the adoption of high-performance motors in electric vehicles
  • Rapid increase in production and sales of electric vehicles
  •   Key Market Drivers

  • Advent of stringent government regulatory norms acorss the globe
  • Increase in demand for improving the driving range of electric vehicles
  • Growth of the market are introduction of tax incentives, and subsidies for EV manufacturers and end-users


  • Frequently Asked Questions (FAQ) :


    The global electric vehicle motor market is expected to record a substantial market valuation due to the advent of stringent government regulatory norms acorss the globe.

    The global electric vehicle motor market is projected to register a moderate 20% CAGR in the forecast period.

    The synchronous motor segment is slated to expand as the fastest-growing segment.

    A few major market players operating in the global electric vehicle motor market are Allied Motion Technologies Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), and Siemens AG (Germany), among others.

    TABLE OF CONTENTS

    1 EXECUTIVE SUMMARY

    2 SCOPE OF THE REPORT

    2.1 MARKET DEFINITION

    2.2 SCOPE OF THE STUDY

    2.2.1 DEFINITION

    2.2.2 RESEARCH OBJECTIVE

    2.2.3 ASSUMPTIONS

    2.2.4 LIMITATIONS

    2.3 RESEARCH PROCESS

    2.3.1 PRIMARY RESEARCH

    2.3.2 SECONDARY RESEARCH

    2.4 MARKET SIZE ESTIMATION

    2.5 FORECAST MODEL

    3 MARKET LANDSCAPE

    3.1 PORTER’S FIVE FORCES ANALYSIS

    3.1.1 THREAT OF NEW ENTRANTS

    3.1.2 BARGAINING POWER OF BUYERS

    3.1.3 BARGAINING POWER OF SUPPLIERS

    3.1.4 THREAT OF SUBSTITUTES

    3.1.5 SEGMENT RIVALRY

    3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

    4 MARKET DYNAMICS

    4.1 INTRODUCTION

    4.2 MARKET DRIVERS

    4.3 MARKET RESTRAINTS

    4.4 MARKET OPPORTUNITIES

    4.5 MARKET TRENDS

    5 GLOBAL ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE

    5.1 INTRODUCTION

    5.2 DC BRUSHED MOTORS

    5.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

    5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

    5.3 DC BRUSHLESS MOTORS

    5.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

    5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

    5.4 INDUCTION (ASYNCHRONOUS) MOTOR

    5.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

    5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

    5.5 SYNCHRONOUS MOTOR

    5.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

    5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

    5.6 SWITCHED RELUCTANCE MOTOR

    5.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

    5.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

    6 GLOBAL ELECTRIC VEHICLE MOTOR MARKET, BY POWER RATING

    6.1 INTRODUCTION

    6.2 <40 KW

    6.2.1 MARKET ESTIMATES & FORECAST, 2020-2023

    6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2023

    6.3 40 KW-80 KW

    6.3.1 MARKET ESTIMATES & FORECAST, 2020-2023

    6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2023

    6.3 >80 KW

    6.3.1 MARKET ESTIMATES & FORECAST, 2020-2023

    6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2023

    7 GLOBAL ELECTRIC VEHICLE MOTOR MARKET, BY REGION

    7.1 INTRODUCTION

    7.2 NORTH AMERICA

    7.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.2.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.2.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.2.4 THE U.S

    7.2.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.2.4.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.2.5.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.2.5 CANADA

    7.2.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.2.5.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.2.5.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.3 EUROPE

    7.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.3.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.3.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.3.4 U.K

    7.3.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.3.4.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.3.4.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.3.5 GERMANY

    7.3.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.3.5.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.3.5.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.3.6 FRANCE

    7.3.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.3.6.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.3.6.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.3.7 ITALY

    7.3.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.3.7.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.3.7.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.3.8 REST OF EUROPE

    7.3.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.3.8.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.3.8.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.4 ASIA PACIFIC

    7.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.4.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.4.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.4.4 CHINA

    7.4.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.4.4.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.4.4.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.4.5 JAPAN

    7.4.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.4.5.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.4.5.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.4.6 INDIA

    7.4.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.4.6.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.4.6.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.4.7 REST OF ASIA PACIFIC

    7.4.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.4.7.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.4.7.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    7.5 REST OF THE WORLD

    7.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

    7.5.2 MARKET ESTIMATES & FORECAST BY MOTOR TYPE, 2020-2027

    7.5.3 MARKET ESTIMATES & FORECAST BY POWER RATING, 2020-2027

    8 COMPETITIVE LANDSCAPE

    9 COMPANY PROFILE

    9.1 CONTINENTAL AG (GERMANY)

    9.1.1 COMPANY OVERVIEW

    9.1.2 PRODUCTS/SERVICES OFFERING

    9.1.3 FINANCIAL OVERVIEW

    9.1.4 KEY DEVELOPMENTS

    9.1.5 STRATEGY

    9.1.6 SWOT ANALYSIS

    9.2 HITACHI AUTOMOTIVE SYSTEMS, LTD. (JAPAN)

    9.2.1 COMPANY OVERVIEW

    9.2.2 PRODUCTS/SERVICES OFFERING

    9.2.3 FINANCIAL OVERVIEW

    9.2.4 KEY DEVELOPMENTS

    9.2.5 STRATEGY

    9.2.6 SWOT ANALYSIS

    9.3 TESLA, INC. (U.S.)

    9.3.1 COMPANY OVERVIEW

    9.3.2 PRODUCTS/SERVICES OFFERING

    9.3.3 FINANCIAL OVERVIEW

    9.3.4 KEY DEVELOPMENTS

    9.3.5 STRATEGY

    9.3.6 SWOT ANALYSIS

    9.4 BYD AUTO CO., LTD. (CHINA)

    9.4.1 COMPANY OVERVIEW

    9.4.2 PRODUCTS/SERVICES OFFERING

    9.4.3 FINANCIAL OVERVIEW

    9.4.4 KEY DEVELOPMENTS

    9.4.5 STRATEGY

    9.4.6 SWOT ANALYSIS

    9.5 DENSO CORPORATION (JAPAN)

    9.5.1 COMPANY OVERVIEW

    9.5.2 PRODUCTS/SERVICES OFFERING

    9.5.3 FINANCIAL OVERVIEW

    9.5.4 KEY DEVELOPMENTS

    9.5.5 STRATEGY

    9.5.6 SWOT ANALYSIS

    9.6 METRIC MIND CORPORATION (U.S.)

    9.6.1 COMPANY OVERVIEW

    9.6.2 PRODUCTS/SERVICES OFFERING

    9.6.3 FINANCIAL OVERVIEW

    9.6.4 KEY DEVELOPMENTS

    9.6.5 STRATEGY

    9.6.6 SWOT ANALYSIS

    9.7 MITSUBISHI ELECTRIC CORPORATION (JAPAN)

    9.7.1 COMPANY OVERVIEW

    9.7.2 PRODUCTS/SERVICES OFFERING

    9.7.3 FINANCIAL OVERVIEW

    9.7.4 KEY DEVELOPMENTS

    9.7.5 STRATEGY

    9.7.6 SWOT ANALYSIS

    9.8 ALLIED MOTION TECHNOLOGIES INC. (U.S)

    9.8.1 COMPANY OVERVIEW

    9.8.2 PRODUCTS/SERVICES OFFERING

    9.8.3 FINANCIAL OVERVIEW

    9.8.4 KEY DEVELOPMENTS

    9.8.5 STRATEGY

    9.8.6 SWOT ANALYSIS

    9.9 ROBERT BOSCH GMBH (GERMANY)

    9.9.1 COMPANY OVERVIEW

    9.9.2 PRODUCTS/SERVICES OFFERING

    9.9.3 FINANCIAL OVERVIEW

    9.9.4 KEY DEVELOPMENTS

    9.9.5 STRATEGY

    9.9.6 SWOT ANALYSIS

    9.10 SIEMENS AG (GERMANY)

    9.10.1 COMPANY OVERVIEW

    9.10.2 PRODUCTS/SERVICES OFFERING

    9.10.3 FINANCIAL OVERVIEW

    9.10.4 KEY DEVELOPMENTS

    9.10.5 STRATEGY

    9.10.6 SWOT ANALYSIS


    LIST OF TABLES

    TABLE 1 GLOBAL ELECTRIC VEHICLE MOTOR MARKET: BY REGION, 2020-2027

    TABLE 2 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET: BY COUNTRY, 2020-2027

    TABLE 3 EUROPE ELECTRIC VEHICLE MOTOR MARKET: BY COUNTRY, 2020-2027

    TABLE 4 ASIA PACIFIC ELECTRIC VEHICLE MOTOR MARKET: BY COUNTRY, 2020-2027

    TABLE 5 ROW ELECTRIC VEHICLE MOTOR MARKET: BY COUNTRY, 2020-2027

    TABLE 6 GLOBAL ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE, BY REGIONS, 2020-2027

    TABLE 7 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE, BY COUNTRY, 2020-2027

    TABLE 8 EUROPE ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE, BY COUNTRY, 2020-2027

    TABLE 9 ASIA PACIFIC ELECTRIC VEHICLE MOTOR MARKET BY MOTOR TYPE, BY COUNTRY, 2020-2027

    TABLE 10 ROW ELECTRIC VEHICLE MOTOR MARKET BY MOTOR TYPE, BY COUNTRY, 2020-2027

    TABLE 11 GLOBAL ELECTRIC VEHICLE MOTOR MARKET BY APPLICATION: BY REGIONS, 2020-2027

    TABLE 12 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET BY APPLICATION: BY COUNTRY, 2020-2027

    TABLE 13 EUROPE ELECTRIC VEHICLE MOTOR MARKET BY APPLICATION: BY COUNTRY, 2020-2027

    TABLE 14 ASIA PACIFIC ELECTRIC VEHICLE MOTOR MARKET BY APPLICATION: BY COUNTRY, 2020-2027

    TABLE 15 ROW ELECTRIC VEHICLE MOTOR MARKET BY APPLICATION: BY COUNTRY, 2020-2027

    TABLE 16 GLOBAL ELECTRIC VEHICLE MOTOR MARKET: BY REGION, 2020-2027

    TABLE 17 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET, BY COUNTRY

    TABLE 18 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE

    TABLE 19 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET, BY APPLICATION

    TABLE 20 EUROPE: ELECTRIC VEHICLE MOTOR MARKET, BY COUNTRY

    TABLE 21 EUROPE: ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE

    TABLE 22 EUROPE: ELECTRIC VEHICLE MOTOR MARKET, BY APPLICATION

    TABLE 23 ASIA PACIFIC: ELECTRIC VEHICLE MOTOR MARKET, BY COUNTRY

    TABLE 24 ASIA PACIFIC: ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE

    TABLE 25 ASIA PACIFIC: ELECTRIC VEHICLE MOTOR MARKET, BY APPLICATION

    TABLE 26 ROW: ELECTRIC VEHICLE MOTOR MARKET, BY REGION

    TABLE 27 ROW ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE

    TABLE 28 ROW ELECTRIC VEHICLE MOTOR MARKET, BY APPLICATION



    LIST OF FIGURES

    FIGURE 1 RESEARCH PROCESS OF MRFR

    FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

    FIGURE 3 MARKET DYNAMICS

    FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

    FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

    FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

    FIGURE 7 VALUE CHAIN ANALYSIS

    FIGURE 8 GLOBAL ELECTRIC VEHICLE MOTOR MARKET SHARE, BY MOTOR TYPE, 2020 (%)

    FIGURE 9 GLOBAL ELECTRIC VEHICLE MOTOR MARKET, BY TECHNOLOGY MOTOR TYPE, 2020-2027 (USD MILLION)

    FIGURE 10 GLOBAL ELECTRIC VEHICLE MOTOR MARKET SHARE (%), BY REGION, 2020

    FIGURE 11 GLOBAL ELECTRIC VEHICLE MOTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

    FIGURE 12 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET SHARE (%), 2020

    FIGURE 13 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 14 EUROPE ELECTRIC VEHICLE MOTOR MARKET SHARE (%), 2020

    FIGURE 15 EUROPE ELECTRIC VEHICLE MOTOR MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 16 ASIA PACIFIC ELECTRIC VEHICLE MOTOR MARKET SHARE (%), 2020

    FIGURE 17 ASIA PACIFIC ELECTRIC VEHICLE MOTOR MARKET BY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 18 REST OF THE WORLD ELECTRIC VEHICLE MOTOR MARKET SHARE (%), 2020

    FIGURE 19 REST OF THE WORLD ELECTRIC VEHICLE MOTOR MARKET BY COUNTRY, 2020-2027 (USD MILLION)