49% of the market's growth will originate from APAC during the forecast period. China is the key market for electric vehicle motors in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The increasing demand for EVs from countries such as China, Japan, India, Singapore, Thailand, and South Korea will facilitate the electric vehicle motor market growth in APAC over the forecast period.
The potential growth difference for the electric vehicle motor market between 2020 and 2025 is USD 6.31 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The increasing sales of EVs and declining prices of lithium-ion batteries are some of the key market drivers. However, factors such as lack of operational infrastructure in emerging markets will challenge market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The electric vehicle motor market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
The electric vehicle motor market report is segmented by power rating (MPR, HPR, and LPR) and geography (APAC, Europe, North America, South America, and MEA).
The electric vehicle motor market share growth by the mid-power rating (MPR) segment will be significant for revenue generation. MPR motors are the preferred motors for use in full or plug-in hybrid powertrains and low-range pure EVs. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the EV motor market size and actionable market insights on each segment.
View our free sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned with their Offerings
The EV motor market is fragmented and the vendors are deploying growth strategies such as focusing on developing modern technologies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Allied Motion Technologies Inc. - The company offers electric vehicle motors namely WheelMax.
- Continental AG - The company offers drive axle for electric vehicle motors.
- DENSO Corp. - The company offers motor-generators for electric vehicle motors.
- Ford Motor Co. - The company offers electric vehicle motors that have the capacity to produce equal power to V-12 engine.
- Hitachi Ltd. - The company offers Hybrid Electric Vehicle Motor, Hybrid Electric Vehicle Traction Motor.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Related Reports:
Electric Vehicle Charging Infrastructure Market in APAC -The electric vehicle charging infrastructure market share in APAC is expected to increase by USD 15.70 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 29.58%. Download a free sample now!
Electric Vehicle Relays Market -The electric vehicle relays market has the potential to grow by USD 21.42 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 31.43%. Download a free sample now!
Electric Vehicle Motor Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.69% |
Market growth 2021-2025 |
USD 6.31 billion |
Market structure |
Fragmented |
YoY growth (%) |
15.98 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 49% |
Key consumer countries |
China, US, Norway, Germany, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Allied Motion Technologies Inc., Continental AG, DENSO Corp., Ford Motor Co., Hitachi Ltd., Nissan Motor Co. Ltd., Robert Bosch GmbH, Siemens AG, Toshiba Corp., and Valeo SA |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by End-user
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
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Contact
Technavio Research
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Media & Marketing Executive
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Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio
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