The traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles. Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each other, whereas like poles repel.
Automotive Traction Motor Core Market contains market size and forecasts of Automotive Traction Motor Core in global, including the following market information:
- Global Automotive Traction Motor Core Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Automotive Traction Motor Core Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Automotive Traction Motor Core companies in 2021 (%)
The global Automotive Traction Motor Core market was valued at 1999.3 million in 2021 and is projected to reach US$ 10200 million by 2028, at a CAGR of 26.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Permanent Magnet Motor Cores Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Traction Motor Core include Mitsui High-tec, POSCO, EUROTRANCIATURA, Tempel Steel, Hidria, JFE Shoji, Yutaka Giken, Tongda Power Technology and Shiri Electromechanical Technology, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Automotive Traction Motor Core 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 Automotive Traction Motor Core Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Traction Motor Core Market Segment Percentages, by Type, 2021 (%)
- Permanent Magnet Motor Cores
- AC Induction Motor Cores
Global Automotive Traction Motor Core Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Traction Motor Core Market Segment Percentages, by Application, 2021 (%)
Global Automotive Traction Motor Core Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Traction Motor Core 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 Automotive Traction Motor Core revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Automotive Traction Motor Core revenues share in global market, 2021 (%)
- Key companies Automotive Traction Motor Core sales in global market, 2017-2022 (Estimated), (K Units)
- Key companies Automotive Traction Motor Core sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Mitsui High-tec
- POSCO
- EUROTRANCIATURA
- Tempel Steel
- Hidria
- JFE Shoji
- Yutaka Giken
- Tongda Power Technology
- Shiri Electromechanical Technology
- Toyota Boshoku Corporation
- Suzhou Fine-stamping
- Wuxi Longsheng Technology
- Kuroda Precision
Industry Market Size
