UK electric vehicle motor market is anticipated to grow at a CAGR of more than 16% during the forecast period, 2019-2025. As per the European Automobile Manufacturers Association, in 2019, the electric vehicle car sales augmented by 21.5% as compared to 2018 and reached to more than 72,800 in 2019 from around 60,000 in 2018. Favorable government policies and government subsidies are motivating the electric vehicle market in the country. A modification in company car tax will be applied in Britain as there will be zero company car tax in pure electric cars from April 2020. Moreover, from 2021 the average emissions of all newly registered cars from an automaker should be below 95 g/km CO2.
Get Free Sample link @ https://www.omrglobal.com/request-sample/uk-electric-vehicle-motor-market
Key companies contributing to the market include ABB Ltd., Avid Technology Ltd., Continental AG, Magnetic Systems Technology Ltd., Nidec Corp., Parker-Hannifin Corp., Protean Electric, RETORQ Motors Ltd., Robert Bosch GmbH, Siemens AG, Valeo SA, YASA Ltd., ZF TRW Automotive Holdings Corp. Zytek Group Ltd. and others. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
full report of UK Electric Vehicle Motor Market available @ https://www.omrglobal.com/industry-reports/uk-electric-vehicle-motor-market
- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
UK Electric Vehicle Motor Market by Motor Type
- DC Motor
- AC Motor
UK Electric Vehicle Motor Market by Propulsion Technology
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
UK Electric Vehicle Motor Market by Vehicle Type
- Passenger Cars
- Commercial Vehicle
- Other (Two-Wheeler)
Company Profiles
- ABB Ltd.
- Avid Technology Ltd.
- Continental AG
- Equipmake Ltd.
- Hitachi Automotive Systems, Ltd.
- Magnetic Systems Technology Ltd.
- Nidec Corp.
- Parker-Hannifin Corp.
- Protean Electric
- RETORQ Motors Ltd.
- Robert Bosch GmbH
- Siemens AG
- SKF AB
- Valeo SA
- YASA Ltd.
- ZF TRW Automotive Holdings Corp.
- Zytek Group Ltd.
The Report Covers
- Comprehensive research methodology of UK Electric Vehicle Motor Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting UK Electric Vehicle Motor Market.
- Insights about market determinants which are stimulating UK Electric Vehicle Motor Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/uk-electric-vehicle-motor-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
