The global electric vehicle motor market is anticipated to grow at a CAGR of more than 18% during the forecast period, 2019-2025. Electric Vehicle Motor Market research report allows making important decision making essential for business growth. It helps key participants further in applying right business ideas to grow business and choose the right business doing strategy. Having complete understanding of what purchasers are looking for in the market and which factors can influence their purchasing decision greatly helps to make investment in the right product development and launch it accordingly. It is also crucial for major participants to understand the behavior of target customers to bring novel products into the market. This Electric Vehicle Motor Market report serves as a blueprint to get thorough study of market competition, target audience and entire market.
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Key companies contributing to the market include ABB Ltd., Tesla Inc., Nidec Corp., BorgWarner Inc., Continental AG, Parker-Hannifin Corp., Robert Bosch GmbH, Siemens AG, Valeo SA, ZF TRW Automotive Holdings Corp. and so on. 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. For instance, Nidec Corp. announced to invest $1.8 billion to develop three new traction motor plants globally. The company will invest $910 million in China, $455 million in Poland and $455 in Mexico to produce 8.4 million traction motor each year combinedly.
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- 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
Global Electric Vehicle Motor Market by Motor Type
- DC Motor
- AC Motor
Global Electric Vehicle Motor Market by Propulsion Technology
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
Global Electric Vehicle Motor Market by Vehicle Type
- Passenger Cars
- Commercial Vehicle
- Other (Two-Wheeler)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Ltd.
- Avid Technology Ltd.
- BorgWarner Inc.
- Continental AG
- Hitachi Automotive Systems, Ltd.
- Magnetic Systems Technology Ltd.
- Nidec Corp.
- Parker-Hannifin Corp.
- Protean Electric
- Robert Bosch GmbH
- Siemens AG
- Tesla Inc.
- Toshiba International Corp.
- Valeo SA
- WEG Industries
- YASA Ltd.
- ZF TRW Automotive Holdings Corp.
- Zytek Group Ltd.
The Report Covers
- Comprehensive research methodology of the Global 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 Global Electric Vehicle Motor Market.
- Insights about market determinants that are stimulating the Global Electric Vehicle Motor Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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