MarkNtel Advisors recently published a detailed industry analysis of the Global Electric Vehicle Motor Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Electric Vehicle Motor Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Electric Vehicle Motor Market size was valued at around USD 46 billion in 2024 and is projected to reach USD 120 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 17% during the forecast period, i.e., 2025-30.

What are the major Driver the Global Electric Vehicle Motor industry?

Rising Adoption of Electric Vehicles Due to Environmental Concerns – Primarily the need to lower carbon emissions and growing environmental concerns are driving the increasing use of EVs which in turn drives the demand for EV motors. Transportation sector contributes to 45% of CO2 emissions, in which cars play a pivotal role. To fight this more than 20 nations including the U.S., China, and EU members have committed to phasing out internal combustion engine vehicles by 2040. Around the world, governments are implementing more stringent emission standards and encouraging the use of electric vehicles by offering incentives and, thus propelling the EV’s motor demand. In 2023 global car sales of EVs increased from 3.5 million higher than in 2022 demonstrating a substantial shift in consumer preferences. Furthermore, EV adoption as a sustainable substitute for fossil fuel-powered vehicles has accelerated due to the drop in battery prices.

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What segments define the Global Electric Vehicle Motor Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Vehicle Type

Electric Passenger Cars- Market Size & Forecast 2020-2030, USD Million

Sedan- Market Size & Forecast 2020-2030, USD Million

Hatchback- Market Size & Forecast 2020-2030, USD Million

SUV- Market Size & Forecast 2020-2030, USD Million

Electric Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million

Electric Light Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million

Electric Light Trucks- Market Size & Forecast 2020-2030, USD Million

Electric Minivans- Market Size & Forecast 2020-2030, USD Million

Electric Medium & Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million

Electric Trucks- Market Size & Forecast 2020-2030, USD Million

Electric Bus- Market Size & Forecast 2020-2030, USD Million

Electric Two Wheelers- Market Size & Forecast 2020-2030, USD Million

Electric Scooters- Market Size & Forecast 2020-2030, USD Million

Electric Motorcycles- Market Size & Forecast 2020-2030, USD Million

Electric Three Wheelers- Market Size & Forecast 2020-2030, USD Million

According to report, With about 70% of the global market share, the electric passenger cars segment leads the electric vehicle motor market.

By Type

AC Motor- Market Size & Forecast 2020-2030, USD Million

DC Motor- Market Size & Forecast 2020-2030, USD Million

By Motor Type

Brushless Motors- Market Size & Forecast 2020-2030, USD Million

Brushed Motors- Market Size & Forecast 2020-2030, USD Million

Induction (Asynchronous) Motors- Market Size & Forecast 2020-2030, USD Million

Switched Reluctance Motors- Market Size & Forecast 2020-2030, USD Million

Synchronous Motors- Market Size & Forecast 2020-2030, USD Million

By Component

Motor Stator- Market Size & Forecast 2020-2030, USD Million

Rotor, Shaft, and Bearing- Market Size & Forecast 2020-2030, USD Million

Permanent Magnet- Market Size & Forecast 2020-2030, USD Million

Casing- Market Size & Forecast 2020-2030, USD Million

Wiring & Connectors- Market Size & Forecast 2020-2030, USD Million

Others- Market Size & Forecast 2020-2030, USD Million

By Power Rating

Up to 20 kW- Market Size & Forecast 2020-2030, USD Million

21 kW to 100 kW- Market Size & Forecast 2020-2030, USD Million

101 kW to 250 kW- Market Size & Forecast 2020-2030, USD Million

Above 250 kW- Market Size & Forecast 2020-2030, USD Million

According to report, With roughly 55% of the market share the 100 kW to 250 kW segment dominates the Global Electric Vehicle Motor Market.

Explore the Complete Global Electric Vehicle Motor Market Analysis Report – https://www.marknteladvisors.com/research-library/electric-vehicle-motor-market.html

Geographical Analysis: Global Electric Vehicle Motor Market

By Region

North America

South America

Europe

The Middle East & Africa

Asia-Pacific

Global Electric Vehicle Motor Market Share & Competitive Landscape:

The Electric Vehicle Motor Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global Electric Vehicle Motor Market are:

Siemens AG

ABB Ltd.

Nidec Corporation

Mitsubishi Electric Corporation

Robert Bosch GmbH

BorgWarner Inc.

Continental AG

Magna International Inc.

Hitachi, Ltd.

AISIN CORPORATION

LG Magna e-Powertrain Co., Ltd.

Johnson Electric Holdings Limited

Toshiba Corporation

GKN Automotive

Allied Motion Technologies Inc.

The Global Electric Vehicle Motor Industry Recent Development:

September 2024: Siemens to carve out the eMobility business, merging with Heliox for enhanced market agility and growth. This strategic move aims to optimize leadership in the fast-growing EV charging market, fostering innovation and new partnerships.

October 2024: Nidec and Ashok Leyland partnered to develop next-gen electric motor-controller systems for commercial vehicles, advancing India’s EV adoption. This collaboration aims to enhance efficiency, sustainability, and innovation in commercial vehicle electrification.

Questions Addressed in this Study

1.What factors are driving the Global Electric Vehicle Motor Market growth?

2.How is the Global Electric Vehicle Motor Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Global Electric Vehicle Motor Market Market?

4.What is the current size of the Global Electric Vehicle Motor Market Market, and how is it projected to change in the future?

6.What is the future outlook for the Global Electric Vehicle Motor Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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