Press release
Automotive Traction Motor Core Market Size to Eyewitness Massive Growth by 2028 | Mitsui High-tec, Yutaka Giken, Kienle Spiess, Shiri Electromechanical Technology, and Others
Automotive Traction Motor Core
The automotive traction motor core market refers to the market for the core components of electric motors used in electric and hybrid vehicles. These motor cores are critical components that are responsible for generating the magnetic fields that drive the motor's rotation.
The Global Automotive Traction Motor Core Market Size was estimated at USD 355.49 million in 2021 and is projected to reach USD 1449.51 million by 2028, exhibiting a CAGR of 22.24% during the forecast period.
The market for automotive traction motor cores is expected to grow significantly in the coming years due to the increasing demand for electric and hybrid vehicles. These vehicles require high-quality and efficient electric motors, which in turn require advanced motor core technologies.
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Factors driving the growth of the automotive traction motor core market include government incentives and regulations promoting the use of electric and hybrid vehicles, as well as the increasing awareness of the environmental benefits of these vehicles. Additionally, advancements in motor core technologies such as the use of new materials and improved manufacturing processes are also contributing to the growth of the market.
Key Market Players:
Mitsui High-tec
Yutaka Giken
Kienle Spiess
Shiri Electromechanical Technology
Tempel Steel Co
Toyota Boshoku Corporation
Suzhou Fine-stamping
Foshan AOYA Mechanical
POSCO
Kuroda Precision
These companies are investing heavily in research and development to improve the performance and efficiency of their motor cores, as well as to reduce their cost.
Market Segmentation (by Type):
Permanent Magnet Motor Cores
AC Induction Motor Cores
Market Segmentation (by Application):
HEV
EV
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The automotive traction motor core market was experiencing significant growth due to the increasing demand for electric vehicles (EVs). A traction motor is an essential component of an EV, and the motor core is a critical part of the traction motor.
The growing popularity of EVs, driven by the need to reduce greenhouse gas emissions and increase energy efficiency, has led to an increased demand for automotive traction motor cores. This trend is expected to continue in the coming years.
Geographic Segmentation:
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Automotive Traction Motor Core Market
Overview of the regional outlook of the Automotive Traction Motor Core Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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TABLE OF CONTENTS:
1 Research Methodology and Statistical Scope
2 Automotive Traction Motor Core Market Overview
3 Automotive Traction Motor Core Market Competitive Landscape
4 Automotive Traction Motor Core Industry Chain Analysis
5 The Development and Dynamics of Automotive Traction Motor Core Market
6 Automotive Traction Motor Core Market Segmentation by Type
7 Automotive Traction Motor Core Market Segmentation by Application
...TOC Continued
Browse Complete TOC: https://www.extrapolate.com/toc/machinery-equipment/automotive-traction-motor-core-market-report/37839
About Us:
Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports,
In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets - not merely respond to them. Extrapolate helps clients develop market perspectives that drive success.
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