Press release
Global Traction Motor Market Expected to Witness a Sustainable Growth over 2023
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.
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Global Traction Motor Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Traction Motor will register a 43.0% CAGR in terms of revenue, reach US$ 13300 million by 2023, from US$ 2230 million in 2017.
Global Traction Motor Market: Key Players
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
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Related Information:
United States Traction Motor Market Research Report 2018
Europe Traction Motor Market Research Report 2018
North America Traction Motor Market Research Report 2018
Asia-Pacific Traction Motor Market Research Report 2018
China Traction Motor Market Research Report 2018
EMEA Traction Motor Market Research Report 2018
Global Traction Motor Market Research Report 2018
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