Electric Motors for Vehicles Market

The motor is one of the three core systems of electric vehicles. It is the main drive system for vehicle driving. Its characteristics determine the main performance indicators of the vehicle and directly affect the vehicle's dynamics, economy, and user driving experience. An electric vehicle drive motor is an electrical device that converts electrical energy into mechanical energy to provide driving force for vehicle driving. The device can also have the function of converting mechanical energy into electrical energy.

Electric Motors for Vehicles Market contains market size and forecasts of Electric Motors for Vehicles in global, including the following market information:

• Global Electric Motors for Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)
• Global Electric Motors for Vehicles Market Sales, 2017-2022, 2023-2028, (K Units)
• Global top five Electric Motors for Vehicles companies in 2021 (%)

The global Electric Motors for Vehicles market was valued at 8376 million in 2021 and is projected to reach US$ 50570 million by 2028, at a CAGR of 29.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Permanent Magnet Synchronous Motor Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Electric Motors for Vehicles include Tesla, Volkswagen, BYD, ZF, Bosch, Hasco, Broad-Ocean Motor, Mitsubishi and XPT, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Electric Motors for Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Electric Motors for Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Electric Motors for Vehicles Market Segment Percentages, by Type, 2021 (%)

• Permanent Magnet Synchronous Motor
• Asynchronous Motor

Global Electric Motors for Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Electric Motors for Vehicles Market Segment Percentages, by Application, 2021 (%)

• Battery Electric Vehicle (BEV)
• Plug-In-Hybrid Vehicles (PHEV)

Global Electric Motors for Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Electric Motors for Vehicles Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Electric Motors for Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)
• Key companies Electric Motors for Vehicles revenues share in global market, 2021 (%)
• Key companies Electric Motors for Vehicles sales in global market, 2017-2022 (Estimated), (K Units)
• Key companies Electric Motors for Vehicles sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Tesla
• Volkswagen
• BYD
• ZF
• Bosch
• Hasco
• Broad-Ocean Motor
• Mitsubishi
• XPT
• Nidec
• Zhejiang Founder
• Magna
• JJE
• Hitachi
• Shuanglin
• Chery New Energy
• JEE