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Global Electric Vehicle Traction Motor Core Market, By Type (AC and DC), By Powder Rating (Below 200 kW, 200-400 kW, and Above 400 kW) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Published: | Report ID: 16217 | Report Format : PDF

Key Highlights of the report

How are the major segments performing in the Electric Vehicle Traction Motor Core market?

  • In 2022, the AC segment accounted for the highest share of the market as it is widely used in electric vehicles for their propulsion.
  • In 2022, the 200-400 kW segment was expected to hold a prominent share of the global electric vehicle traction motor core market. The growing adoption of electric buses and trucks, predominantly for public transportation and freight services, drives this segment’s growth.

Which region dominated the Electric Vehicle Traction Motor Core market?

In 2022, the Asia-Pacific market was anticipated to hold a prominent share. In addition to reducing pollution from road transport vehicles, China intends to decrease its dependence on hydrocarbon imports while supporting industrial development. Due to the increased growth in the global electric vehicle market, India, Japan, and South Korea also plan to expand their electric vehicle markets to combat growing carbon emissions. As a result of the measures above, the region is expected to dominate the electric traction motor market during the forecast period.

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How is US Market Performing in the Electric Vehicle Traction Motor Core market?

In 2022, the North American region was anticipated to hold a prominent share of the global electric vehicle traction motor core market. As electric car manufacturers become more established in the US, the market will likely grow over the forecast period due to the rising BEV demand. It is estimated that the U.S. government will convert 50% of all new light trucks and passenger cars to electric vehicles by 2050. Individual states have set more ambitious goals..

How is the economy impacting the global Electric Vehicle Traction Motor Core growth?

At least in the short term, the Russian-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. Several countries have been sanctioned due to the war between these two countries, commodity prices have surged, and supply chains have been disrupted, causing inflation in goods and services and affecting many markets around the world. A sharp economic decline was witnessed in developing countries due to low consumer demand and higher prices for essential commodities. The adoption of EV traction motors also declined significantly.

What is the competitive environment of the Electric Vehicle Traction Motor Core market?

The competitive environment of the electric vehicle traction motor core industry provides information on total economic profit made by suppliers and businesses, sales and revenues generated in this sector, global electric vehicle traction motor core market share, business organisation summary, introduction of new products, and opportunities for the industrial electric vehicle traction motor core market. For instance, in June 2021, as part of the acquisition, Mercedes-Benz acquired YASA Motors Ltd., a pioneer in next-generation electric drives. Under the terms of the agreement, YASA will operate as a wholly-owned subsidiary of Mercedes-Benz building high-performance electric motors. Furthermore, in December 2020, a new high-power, permanent magnet AC motor was launched by Parker Hannifin’s GVM310 product line. This product is an addition to the company’s existing Global Vehicle Motor (GVM) family of commercial and hybrid electric motors.

Executive Summary

What are the key trends in the Electric Vehicle Traction Motor Core market?

In the electric vehicle traction motor market, technology advancement is gaining popularity. To strengthen their position in the market, many companies developing new products or technologies are developing new products or technologies. For instance, Nidec developed in August 2021 an EV traction motor system called E-Axle, which incorporates three components: an inverter, a motor, and a reducer, that can be mounted in a vehicle. The drive shaft attached to the tires generates rotor torque that moves the vehicle as it is powered by electricity. Nidec implemented a new cassette inserter method and a new cooling mechanism to achieve high productivity and wire-winding performance.

How are Manufacturers Teaming Up with Stakeholders in the Electric Vehicle Traction Motor Core Market?

With many market players and increasing EV demand, the global market is highly competitive. Market players are investing in the R&D of their product offerings to maintain their market leadership. The most prominent manufacturers of electric traction motors are introducing new products for electric and hybrid vehicles and acquiring small and medium-sized companies outright and partially. Several companies are acquiring stakes in automobile companies and partnering with them to expand their global presence. The multinational corporation ABB Limited, specializing in power, robotics, automation, and heavy electrical equipment, acquired KEYMILE Group’s communication business unit in 2017. As a result of this acquisition, ABB will be able to broaden its range of communication networks and expand its revenue generation opportunities.

Which are the key investments by the Electric Vehicle Traction Motor Core market players?

Leading players operating in the electric vehicle traction motor core market are focusing on expansion in production capacities for electric vehicle traction motor core. Besides this, companies are focusing on strategic mergers and acquisitions, collaborations, and creating awareness among manufacturers via different associations formed to promote smart practices to gain a competitive edge on their home turf. For instance, in June 2021, Turntide Technologies acquired AVID Technology Limited for an undisclosed amount to decarbonize the transportation industry. By offering an alternative to rare earth magnets in electric vehicles, this acquisition aids Turntide in decarbonizing the transportation industry. AVID Technology Limited is a UK-based manufacturer and producer of electrified powertrain components, traction motors, and systems.

Some major players in the electric vehicle traction motor core market are ABB Limited, Parker-Hannifin Corp., SKF AB., ZF TRW Automotive Holdings Corporation, Robert Bosch GMBH, Valeo SA, Zytek Group Limited., Hitachi, Ltd., Avid Technology Limited, YASA Motors Ltd., and Others.

EV Motor Core Market

What are the Major Driving Factors for the Electric Vehicle Traction Motor Core Market?

Market expansion for traction motors will likely be driven by the expanding global demand for electric cars, coupled with massive R&D investments that aim to improve the efficiency and performance of these vehicles. Moreover, imposing regulatory standards by governments from other nations is expected to increase and drive the market, as these traction motors are an integral component of all-electric cars. Furthermore, EV subsidies and improved fuel economy versus conventional vehicles should increase traction motor demand. There is an increasing demand for energy-efficient motors with rising investments in electric vehicles (EVs). Due to their low power consumption and high efficiency, EV traction motors are experiencing an increased demand for EVs.

What are the Major Risks for the Electric Vehicle Traction Motor Core Market?

In electric motors, overheating can weaken the winding insulation, resulting in motor failure. Overheating occurs when a motor is overloaded, has poor power conditions, has highly effective service factors, or turns on and off frequently. There is not enough air around the motor to prevent it from overheating. High-temperature environments also tend to cause electric motors to overheat. Around 30% of motor failures are caused by insulation failure, and approximately 60% are caused by overheating. High temperatures are a major challenge for permanent magnet motors; these motors lose their magnetism.

Which is the key Type in the Electric Vehicle Traction Motor Core market?

The AC segment is expected to hold a prominent share of the global electric vehicle traction motor core market during the forecast period. It is easy to manufacture AC motors because no mechanical contracts are required for their functioning, and they are lighter as compared to DC motors for an equivalent amount of power. By employing modern and advanced electronics, AC units can be meticulously efficient in increasing traction and adhesion. Microprocessors can measure extremely precisely and redevelop the current until it stops.

How is the Electric Vehicle Traction Motor Core market performing in regions?

Europe market is anticipated to witness the fastest growth in the global electric vehicle traction motor core market during the forecast period. In addition to the European Union having set a stern set of emission regulations, the region is increasingly focusing on reducing the number of conventional cars on its roads. With our extensive charging infrastructure networks throughout Europe, this market is experiencing a rapid growth rate. Several traction systems and other component-based technological implementations are always being maintained in the EV segment of manufacturing and operations in the EU nations as Europe engages in enhanced technologies. The European Union has therefore taken an active role in developing EV adoption technologies that would enhance EV adoption throughout its member nations by developing a more effective adoption strategy.

What is the regulatory landscape for the Electric Vehicle Traction Motor Core market?

Due to stringent regulations concerning vehicle emissions, electric drive technology has been developed for passenger and commercial vehicles. Several governments have implemented stringent emission regulations in order to curb global climate change and reduce air pollution, which has compelled automakers to develop alternate propulsion systems for their vehicles.

What is the Market Size of Electric Vehicle Traction Motor Core regarding value?

The global electric vehicle traction motor core market is anticipated to grow at a substantial CAGR of 15.20% in the upcoming years. The global electric vehicle traction motor core industry was estimated to be worth USD 5,519.5 million in 2022 and was expected to be worth USD 14,861.7 million by 2030.

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What are the major players planning for the future of the Electric Vehicle Traction Motor Core market?

Growing regional presence and investment in downstream uses are expected to give the company a competitive advantage in the market. For instance, in September 2017, inverters, gearboxes, and e-machines were included in Nidec Corporation’s new traction motor system (E-axle), targeted at electric vehicles and plug-in hybrids. A unique motor cooling system has been developed for the new system, which is less weighty and smaller, thus reducing the overall price of the traction motor.

REPORT ATTRIBUTE DETAILS
Electric Vehicle Traction Motor Core Market by Value Yes
Electric Vehicle Traction Motor Core Market, Tornado Analysis Yes
Electric Vehicle Traction Motor Core Market, STAR Analysis Yes
Electric Vehicle Traction Motor Core Market, SRC Analysis Yes
Electric Vehicle Traction Motor Core Market, Import-Export Data Yes (On Demand)
Electric Vehicle Traction Motor Core Market Pricing Analysis Yes (On Demand)
Electric Vehicle Traction Motor Core Market Segment Analysis By Type (AC and DC)

By Powder Rating (Below 200 kW, 200-400 kW, and Above 400 kW)

Electric Vehicle Traction Motor Core Market, Regional Analysis North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Electric Vehicle Traction Motor Core Market Key Companies ABB Limited, Parker-Hannifin Corp., SKF AB., ZF TRW Automotive Holdings Corporation, Robert Bosch GMBH, Valeo SA, Zytek Group Limited., Hitachi, Ltd., Avid Technology Limited, YASA Motors Ltd., and Others
Electric Vehicle Traction Motor Core Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Segmentation of Global Electric Vehicle Traction Motor Core Market-

Global Electric Vehicle Traction Motor Core Market – By Type

  • AC
  • DC

Global Electric Vehicle Traction Motor Core Market – By Powder Rating

  • Below 200 kW
  • 200-400 kW
  • Above 400 kW

Global Electric Vehicle Traction Motor Core Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Electric Vehicle Traction Motor Core Market
2.2. Global Electric Vehicle Traction Motor Core Market, By Type
2.3. Global Electric Vehicle Traction Motor Core Market, By Powder Rating
2.4. Global Electric Vehicle Traction Motor Core Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Electric Vehicle Traction Motor Core Market Value, 2017-2030, (US$ Mn))
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Powder Rating
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Type Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Electric Vehicle Traction Motor Core Market
7.1. Global Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
7.1.1. Overview
7.1.2. Global Electric Vehicle Traction Motor Core Market, By Type, 2022 vs 2030 (in%)
7.1.3. Global Electric Vehicle Traction Motor Core Market, By AC, 2017-2030 (US$ Mn))
7.1.4. Global Electric Vehicle Traction Motor Core Market, By DC, 2017-2030 (US$ Mn))
7.2. Global Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
7.2.1. Overview
7.2.2. Global Electric Vehicle Traction Motor Core Market, By Powder Rating, 2022 vs 2030 (in%)
7.2.3. Global Electric Vehicle Traction Motor Core Market, By Below 200 kW, 2017-2030 (US$ Mn))
7.2.4. Global Electric Vehicle Traction Motor Core Market, By 200-400 kW, 2017-2030 (US$ Mn))
7.2.5. Global Electric Vehicle Traction Motor Core Market, By Above 400 kW, 2017-2030 (US$ Mn))

8. North America Electric Vehicle Traction Motor Core Market Analysis
8.1. North America Electric Vehicle Traction Motor Core Market, by Type, 2017-2030(US$ Mn))
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030(US$ Mn))
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
8.3.1. U.S.
8.3.1.1. U.S. Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.3.1.2. U.S. Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
8.3.1.3. U.S. Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
8.3.2. Canada
8.3.2.1. Canada Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.3.2.2. Canada Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
8.3.2.3. Canada Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))

9. Europe Electric Vehicle Traction Motor Core Market Analysis
9.1. Europe Electric Vehicle Traction Motor Core Market, by Type, 2017-2030(US$ Mn))
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030(US$ Mn))
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
9.3.1. Germany
9.3.1.1. Germany Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.1.2. Germany Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
9.3.1.3. Germany Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
9.3.2. France
9.3.2.1. France Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.2.2. France Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
9.3.2.3. France Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
9.3.3. UK
9.3.3.1. UK Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.3.2. UK Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
9.3.3.3. UK Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
9.3.4. Italy
9.3.4.1. Italy Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.4.2. Italy Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
9.3.4.3. Italy Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
9.3.5. Spain
9.3.5.1. Spain Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.5.2. Spain Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
9.3.5.3. Spain Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.3.6.2. Rest of Europe Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
9.3.6.3. Rest of Europe Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))

10. Asia Pacific Electric Vehicle Traction Motor Core Market Analysis
10.1. Asia Pacific Electric Vehicle Traction Motor Core Market, by Type, 2017-2030(US$ Mn))
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030(US$ Mn))
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
10.3.1. China
10.3.1.1. China Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.1.2. China Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
10.3.1.3. China Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
10.3.2. Japan
10.3.2.1. Japan Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.2.2. Japan Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
10.3.2.3. Japan Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
10.3.3. India
10.3.3.1. India Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.3.2. India Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
10.3.3.3. India Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
10.3.4. South Korea
10.3.4.1. South Korea Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.4.2. South Korea Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
10.3.4.3. South Korea Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
10.3.5. South-East Asia
10.3.5.1. South-East Asia Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.5.2. South-East Asia Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
10.3.5.3. South-East Asia Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.3.6.2. Rest of Asia Pacific Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
10.3.6.3. Rest of Asia Pacific Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))

11. Latin America Electric Vehicle Traction Motor Core Market Analysis
11.1. Latin America Electric Vehicle Traction Motor Core Market, by Type, 2017-2030(US$ Mn))
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030(US$ Mn))
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
11.3.1. Brazil
11.3.1.1. Brazil Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.3.1.2. Brazil Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
11.3.1.3. Brazil Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
11.3.2. Mexico
11.3.2.1. Mexico Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.3.2.2. Mexico Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
11.3.2.3. Mexico Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.3.3.2. Rest of Latin America Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
11.3.3.3. Rest of Latin America Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))

12. Middle East and Africa Electric Vehicle Traction Motor Core Market Analysis
12.1. Middle East and Africa Electric Vehicle Traction Motor Core Market, by Type, 2017-2030(US$ Mn))
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030(US$ Mn))
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
12.3.1. GCC Countries
12.3.1.1. GCC Countries Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.3.1.2. GCC Countries Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
12.3.1.3. GCC Countries Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
12.3.2. South Africa
12.3.2.1. South Africa Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.3.2.2. South Africa Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
12.3.2.3. South Africa Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Electric Vehicle Traction Motor Core Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.3.3.2. Rest of Middle East and Africa Electric Vehicle Traction Motor Core, By Type, 2017-2030 (US$ Mn))
12.3.3.3. Rest of Middle East and Africa Electric Vehicle Traction Motor Core, By Powder Rating, 2017-2030 (US$ Mn))

13. Company Profiles
13.1. ABB Limited
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Parker-Hannifin Corp.
13.3. SKF AB.
13.4. ZF TRW Automotive Holdings Corporation
13.5. Robert Bosch GMBH
13.6. Valeo SA
13.7. Zytek Group Limited.
13.8. Hitachi, Ltd.
13.9. Avid Technology Limited
13.10. YASA Motors Ltd.

List of Figures
FIG. 1 Global Electric Vehicle Traction Motor Core Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Electric Vehicle Traction Motor Core Market Segmentation
FIG. 4 Global Electric Vehicle Traction Motor Core Market, by Type, 2022 (US$ Mn))
FIG. 5 Global Electric Vehicle Traction Motor Core Market, by Powder Rating, 2022 (US$ Mn))
FIG. 6 Global Electric Vehicle Traction Motor Core Market, by Geography, 2022 (US$ Mn))
FIG. 7 Attractive Investment Proposition, by Type, 2022
FIG. 8 Attractive Investment Proposition, by Powder Rating, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Electric Vehicle Traction Motor Core Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Electric Vehicle Traction Motor Core Market Manufacturers, 2022
FIG. 12 Global Electric Vehicle Traction Motor Core Market Value Contribution, By Type, 2022 & 2030 (Value %)
FIG. 13 Global Electric Vehicle Traction Motor Core Market, by AC, Value, 2017-2030 (US$ Mn))
FIG. 14 Global Electric Vehicle Traction Motor Core Market, by DC, Value, 2017-2030 (US$ Mn))
FIG. 15 Global Electric Vehicle Traction Motor Core Market Value Contribution, By Powder Rating, 2022 & 2030 (Value %)
FIG. 16 Global Electric Vehicle Traction Motor Core Market, by Below 200 kW, Value, 2017-2030 (US$ Mn))
FIG. 17 Global Electric Vehicle Traction Motor Core Market, by 200-400 kW, 2017-2030 (US$ Mn))
FIG. 18 Global Electric Vehicle Traction Motor Core Market, by Above 400 kW, 2017-2030 (US$ Mn))
FIG. 19 North America Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 20 U.S. Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 21 Canada Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 22 Europe Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 23 Germany Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 24 France Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 25 U.K. Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 26 Italy Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 27 Spain Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 28 Rest of Europe Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 29 Asia Pacific Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 30 China Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 31 Japan Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 32 India Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 33 South Korea Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 34 South-East Asia Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 35 Rest of Asia Pacific Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 36 Latin America Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 37 Brazil Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 38 Mexico Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 39 Rest of Latin America Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 40 Middle East & Africa Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 41 GCC Countries Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 42 South Africa Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))
FIG. 43 Rest of Middle East and Africa Electric Vehicle Traction Motor Core Market, 2017-2030 (US$ Mn))

List of Tables
TABLE 1 Market Snapshot: Global Electric Vehicle Traction Motor Core Market
TABLE 2 Global Electric Vehicle Traction Motor Core Market, by Competitive Benchmarking, 2022
TABLE 3 Global Electric Vehicle Traction Motor Core Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Electric Vehicle Traction Motor Core Market, by Key Strategies Analysis, 2022
TABLE 5 Global Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 6 Global Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 7 Global Electric Vehicle Traction Motor Core Market, by Geography, 2017-2030 (US$ Mn))
TABLE 8 North America Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 9 North America Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 10 North America Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
TABLE 11 US Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 12 US Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 13 Canada Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 14 Canada Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 15 Europe Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 16 Europe Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 17 Europe Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
TABLE 18 Germany Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 19 Germany Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 20 France Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 21 France Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 22 UK Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 23 UK Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 24 Italy Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 25 Italy Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 26 Spain Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 27 Spain Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 28 Rest of Europe Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 29 Rest of Europe Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 30 Asia Pacific Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 31 Asia Pacific Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 32 Asia Pacific Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
TABLE 33 China Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 34 China Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 35 Japan Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 36 Japan Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 37 India Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 38 India Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 39 South Korea Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 40 South Korea Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 41 South-East Asia Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 42 South-East Asia Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 43 Rest of Asia Pacific Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 44 Rest of Asia Pacific Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 45 Latin America Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 46 Latin America Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 47 Latin America Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
TABLE 48 Brazil Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 49 Brazil Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 50 Mexico Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 51 Mexico Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 52 Rest of Latin America Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 53 Rest of Latin America Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 54 Middle East and Africa Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 55 Middle East and Africa Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 56 Middle East and Africa Electric Vehicle Traction Motor Core Market, by Country, 2017-2030 (US$ Mn))
TABLE 57 GCC Countries Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 58 GCC Countries Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 59 South Africa Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 60 South Africa Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))
TABLE 61 Rest of Middle East and Africa Electric Vehicle Traction Motor Core Market, by Type, 2017-2030 (US$ Mn))
TABLE 62 Rest of Middle East and Africa Electric Vehicle Traction Motor Core Market, by Powder Rating, 2017-2030 (US$ Mn))

Frequently asked questions

How does COVID-19 Impact the global electric vehicle traction motor core market?

The government directives severely affected several sectors, including the automotive industry, with major manufacturers shuttering their operations completely or operating at reduced capacities.

Which is the leading region of the market for electric vehicle traction motor core?

Asia-Pacific accounted for the most heightened share in the global market.

What are the key drivers for the growth of the electric vehicle traction motor core market?

There is a strong correlation between the growth of the market for electric traction motors and strict emission control regulations requiring OEMs to manufacture and sell electric and hybrid vehicles, as well as an increase in demand for high-performance motors and favorable government policies.

Which is the major segment in the electric vehicle traction motor core market by type?

The AC segment had a major share in the global market in 2022.

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