According to a market report by Lucintel, the future of the global EV traction motor market looks promising with opportunities in the BEV and PHEV markets. The global EV traction motor market is expected to grow with a CAGR of 19% from 2025 to 2031. The major drivers for this market are the increasing adoption of electric mobility solutions, the rising demand for high efficiency drivetrains, and the growing investment in electric vehicle production.
A more
than 150-page report to understand trends, opportunity and forecast in global EV
traction motor market to 2031 by type (AC induction motor and permanent magnet
motor), application (BEV and PHEV), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, permanent magnet motor is expected to
witness higher growth over the forecast period.
Within the
application category, BEV is expected to witness higher growth.
Download
sample by clicking on EV traction motor
market.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
BMW,
Fukuta Motor, Broad-Ocean, BYD, Nissan, Continental AG, Jing-Jin Electric
Technologies, ZF, Groupe Renault, Toyota are the major suppliers in the EV traction motor market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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