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Electric Vehicle Motor Market

Electric Vehicle Motor Market

Electric Vehicle Motor Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Nov - 2022



Report Code:


Segments Covered
  • By Type By Type AC Motors, DC Motors
  • By Vehicle Type By Vehicle Type Pure Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle (FCEV)
  • By Motor Type By Motor Type Induction Motor, Synchronous Motor, Switched Reluctance Motor
  • By Power Rating By Power Rating Up to 60 KW, 60 to 90 KW, Above 90 KW
  • By Application By Application Electric Two-Wheeler, Electric Three-Wheeler, Electric Commercial Vehicles, Electric Passenger Cars
  • By Powertrain Type By Powertrain Type Single Motor, Dual Motor, Triple Motor, Four Motor
  • By Marketplace By Marketplace OEM, Aftermarket
  • By End User By End User Agribusiness, Transportation, Private, Business
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 6.04 Billion
Revenue 2030Revenue 2030: USD 27.19 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 20.70%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Sr. No. Offering Report Coverage
1. Market Size In terms of Revenue (USD Million)
2. Historic Data 2017 to 2021
3. Forecast Data 2023 to 2030
4. Market Drivers, Restraints, Opportunities, & Regional Market Trends Yes
5. Market Attractiveness Analysis Yes
6. Segment Analysis Maximum Segments
7. Regional Coverage 5 Regions
8. Country Coverage Top 22 Countries
9. Competitive Landscape and Company Market Share Analysis Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles.
10. Porter’s Five Forces Analysis Yes.
11. Value Chain Analysis Yes
12. PEST Analysis Yes
13. Regulatory Landscape Yes
14. Technology Landscape Yes
15. COVID-19 Impact Analysis Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics.
16. Top startups to watch out for Yes
17. Top 3 Trends to Watch Yes
18. Top 3 Strategies Followed by Major Players Yes
19. Top 3 Predictions by Vantage Market Research Yes
20. Discussion Guide Yes
21. Key Primary Respondents - VERBATIM Yes
22. Transcripts from the Primary Respondents Additional Cost USD 1,000
23. Others/Miscellaneous
Frequently Asked Question
  • The global Electric Vehicle Motor valued at USD 6.04 Billion in 2022 and is expected to reach USD 27.19 Billion in 2030 growing at a CAGR of 20.70%.

  • The prominent players in the market are Yasakawa Electric, GKN Driveline, Toshiba, Continental, Denso, Baldor Electric, Hitachi Automotive Systems.

  • The market is project to grow at a CAGR of 20.70% between 2023 and 2030.

  • The driving factors of the Electric Vehicle Motor include

    • Increased demand for HVAC systems among residential, commercial, and industrial end users

  • Asia Pacific was the leading regional segment of the Electric Vehicle Motor in 2022.