Press release
Global Traction Motor Market is projected to reach 27000 Million US$ by 2025
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
The EV Traction Motor consumption volume was 128.24 K Units in 2012 and is expected to reach 1022.55 K Units in 2016 and 6790.26 K Units in 2021. China`s sales volume accounted for the highest market share (55.89%) in 2016, followed by the North America and Europe.
At present, the manufactures of EV Traction Motor are concentrated in Europe, North America, Japan and China. China is the largest production area in the world, which occupied about 49.15% in 2016. The global leading players in this market are BYD, ZF, Nissan and Continental AG.
The EV Traction Motor are mainly used by Passenger cars and Commercial vehicles. The main application of EV Traction Motor is Passenger cars, accounting about 80% market.
Despite the presence of competition problems, due to the increasing demand of downstream industry and the government support, investors are still optimistic about this area, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
The Traction Motor market was valued at 2230 Million US$ in 2017 and is projected to reach 27000 Million US$ by 2025, at a CAGR of 42.8% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Traction Motor.
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The following manufacturers are covered in this report:
BYD
ZF
Nissan
Continental AG
Meidensha
Broad-Ocean
Jing-Jin Electric Technologies
BMW
BOSCH
Fukuta
Dajun Tech
Hitachi Automotive Systems
Remy International
Magna
Deyang Electrics
Greatland Electrics
Traction Motor Breakdown Data by Type
AC Induction Motor
Permanent Magnet Motor
Other Types
Traction Motor Breakdown Data by Application
Passenger cars
Commercial vehicles
Others
Traction Motor Production by Region
United States
Europe
China
Japan
Other Regions
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