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Global Automotive Traction Motor Market-Forecast to 2026

Global Automotive Traction Motor Market

Global Automotive Traction Motor Market

According to a new market research report published by Global Market Estimates the Global Automotive Traction Motor Market is projected to grow from USD 4.0 billion in 2021 to USD 17.0 billion by 2026 at a CAGR value of 33.0%.

Rising demand and awareness regarding advantages of electric vehicles, increasing manufacturing capacity for high performance and mid-ranged vehicles/motors, and rising government supportive policies to launch battery and electric operated cars in developing and developed nations are few of the factors responsible to drive the automotive traction motor market.

Browse 159 Market Data Tables and 119 Figures spread through 189 Pages and in-depth TOC on "Automotive Traction Motor Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/automotive-traction-motor-market-3515

By Vehicle Type (Passenger Cars, Commercial Vehicles), By EV Type (BEV, HEV, PHEV), By Type (AC, DC), By Motor Type (PMSM, DC Brushless, AC Induction), By Power Output (Less than 200 kW, 200-400 kW, Above 400 kW), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Key Market Insights
• Traction motors in recent times have been extensively used in commercial vehicles like metros or railways, and hence, the commercial vehicles segment is analyzed to be the largest segment in the market.
• The PHEV will be the fastest growing segment in the market from 2021 to 2026
• The DC segment is analyzed to be the largest shareholder of the market as it is significantly used for automotive traction motor
• The automotive traction motor industry highly utilizes PMSM attributing to its various beneficial features and hence it is the fastest growing segment
• BorgWarner Inc. (US), Schaeffler Group (Germany), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany) among others, are the key players in the market.

Browse the Report @ https://www.globalmarketestimates.com/market-report/automotive-traction-motor-market-3515

Vehicle Type Outlook (Revenue, USD Billion, 2021-2026)
• Passenger Cars
• Commercial Vehicles

EV Type Outlook (Revenue, USD Billion, 2021-2026)
• BEV
• HEV
• PHEV

Type Outlook (Revenue, USD Billion, 2021-2026)
• AC
• DC

Motor Type Outlook (Revenue, USD Billion, 2021-2026)
• PMSM
• DC Brushless
• AC induction

Power Output Outlook (Revenue, USD Billion, 2021-2026)
• Less than 200 kW
• 200-400 kW
• Above 400 kW

Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA

Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php

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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.

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