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Global Traction Motor Market 2019 is growing at a CAGR of 43.0% upto 2024 and expected to reach around USD 13300 million globally by 2024

02-13-2019 11:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Apex Market Research

Global Traction Motor Market

Global Traction Motor Market

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.

According to this study, over the next five years the Traction Motor market will register a 43.0% CAGR in terms of revenue, the global market size will reach US$ 13300 million by 2024, from US$ 2230 million in 2019.

Apex Market Research, recently published a detailed market research study focused on the “Traction Motor Market 2019” across the global, regional and country level. Traction Motor Market Research Report highlights extensive market insights of the Traction Motor industry, which offers definitions and a diverse range of market structures and characteristics, historic and present market values along with the expected future growth of the Traction Motor market for the forecast period. The study shares “Traction Motor” performance both in terms of volume and revenue.

Key Manufacturers Analysis of 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

Get Free Sample Copy of Report Here: https://goo.gl/4GBovS

The report exhibits Traction Motor market across diverse regions (including the regions India, Japan, South East Asia, Europe, China and USA). In this section, major attributes such as region-wise Traction Motor production value and techniques, consumption, export/import details, growth rate from 2013 to 2018, market structure and status and SWOT analysis are included. Moreover, the research study categorizes the Traction Motor Market based on major product types, application and end users industries of Traction Motor. Besides, the report also covers geographical segregation for Traction Motor Market. The report further provides production, capacity, price per region, gross margin, production cost, for all major regions and countries listed in report.

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
AC Induction Motor
Permanent Magnet Motor
Other Types

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Passenger cars
Commercial vehicles
Others

The competitive landscape of the global market for Traction Motor is analyzed by assessing the major industry participants, production capacity, production capacity utilization rate, Traction Motor Market’s production chain, pricing by each manufacturer and the revenue produced by each manufacturer in the Traction Motor Market globally.

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The Global Traction Motor Market 2019 is further emphasis on the basis of product pricing, Traction Motor production volume, data pertaining to demand and Traction Motor supply, and the revenue garnered by the product. The report offers upstream and downstream analysis covering major raw material used in manufacturing of Traction Motor along with detailed manufacturing sources. The report also offers list of major raw material manufacturers along with their manufacturing locations. Comprehensive raw material price trend analysis along with manufacturing cost analysis is also incorporated into the report. Diverse methodical tools such as investment returns, feasibility, SWOT analysis and market attractiveness analysis has been implemented in the research study to show a comprehensive, detailed research study of the industry for Traction Motor across the globe.

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