Automotive Traction Motor Core Market

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 1833.5 million in 2021 and is projected to reach US$ 6385.6 million by 2028, at a CAGR of 19.5% 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 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 Co, Hidria, JFE Shoji, Yutake 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 (%)
HEV
EV
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 Co
Hidria
JFE Shoji
Yutake Giken
Tongda Power Technology
Shiri Electromechanical Technology
Toyota Boshoku Corporation
Suzhou Fine-stamping
Wuxi Longsheng Technology
Kuroda Precision