European European Electric Vehicle Motor market is anticipated to grow at a CAGR of more than 20% during the forecast period, 2019-2025. In 2019, Europe was among the highest growing market of electric vehicles globally as a downfall in electric vehicle sales was registered in the US, and Japan. As per the European Automobile Manufacturers Association, around 564,000 electric cars were sold in Europe with a growth of 45.5% YoY in 2019. It provides a significant opportunity for the EV automakers to construct a new EV plant in the country. Favorable government policies, and subsidies, increasing awareness of pollution are some of the major factors for the growth of the EV as well as its electric motor market in the region.
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European European Electric Vehicle Motor market is segmented on the basis of motor type, propulsion technology, and vehicle type. On the basis of motor type, the market is analyzed into the AC motor and DC motor. By propulsion technology, the market is segmented into battery-electric vehicles and plug-in hybrid electric vehicles. The battery-electric vehicle segment is projected to hold a major market share during the forecast period. By vehicle type, the market is further analyzed into passenger cars, commercial vehicles, and others. The passenger vehicle segment will have a major market share during the forecast period. By geography, the market is segmented into Germany, UK, France, Italy, Spain and Rest of Europe. During the forecast period, Germany is expected to hold a major market share as various EV manufacturing plants are located in the country.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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
European European Electric Vehicle Motor Market by Motor Type
- DC Motor
- AC Motor
European European Electric Vehicle Motor Market by Propulsion Technology
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
European European Electric Vehicle Motor Market by Vehicle Type
- Passenger Cars
- Commercial Vehicle
- Others (Two-Wheeler)
Regional Analysis
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
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 European European 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 the European European Electric Vehicle Motor Market.
- Insights about market determinants that are stimulating the European European 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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