Traction Motor Market Trends Analysis, Top Manufacturers, Shares, Growth Opportunities, Statistics and Forecast by 2029

Data Bridge Market Research analyses that the traction motor market which was growing at a value of 12.23 billion in 2021 and is expected to reach the value of USD 20.24 billion by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Analytical study of this Traction Motor Market report aids in formulating growth strategies to augment sales and build brand image in the market. The report analyses and estimates general market drivers in the form of consumer demand, government policy and demand which are related to consumer buying pattern and thereby market growth and development. Traction Motor Market Research Report is a vital part of planning a business and organized way to bring together and document information about this industry, market, or potential customers. This Traction Motor market research report also contains strategic profiling of major players in the market, meticulously analysing their core competencies, and drawing a competitive landscape for the market.

Get Sample PDF@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-traction-motor-market

Leading Key Players Operating in the Traction Motor Market Includes:

The major players covered in the traction motor market report are Aisin Seiki Co., Ltd., ABB, Alstom, General Electric, Siemens Mobility, Continental AG, Mitsubishi Electric Corporation, Magna International Inc., Toshiba International Corporation, BYD Company Ltd., FUKUTA ELEC. & MACH. CO, LTD., ZF Friedrichshafen AG, MEIDENSHA CORPORATION, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Recent Development

In July 2021 Mercedes-Benz will acquire YASA Motors Ltd., a pioneer in next-generation electric drive technology. Under the terms of the agreement, YASA will operate as a Mercedes-Benz wholly-owned subsidiary, developing high-performance e-motors.
In December 2020 Parker-Hannifin will release the GVM310 310 mm frame high-power, permanent magnet A.C. motor. This new product joins the company's existing Global Vehicle Motor (GVM) family of off-road and on-road commercial electric and hybrid electric vehicles.
Key Market Segments:

Type

AC Induction Motor
Permanent Magnet Motor
Other
Vehicle type

Passenger car
Commercial vehicle
Others
Application

Transportation
Industrial Machinery and Equipment
Others
End users

Hybrid Vehicles
Compact Construction Equipment
Escalators
Elevators
Other
Read Detailed Index of full Research Study @ https://www.databridgemarketresearch.com/reports/global-traction-motor-market

Traction Motor Market Regional Analysis/Insights

The countries covered in the traction motor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The Asia-Pacific region will outperform other regional players. The key driver in this region is the growing global concern about carbon emissions. North America has a sizable market for electric traction motors. In the North American region, there are numerous key players. In addition, overall investments in electric traction motors are high in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Browse More DBMR Reports:
https://marketupdatedreports.blogspot.com/2023/11/automotive-transmission-market-analysis.html
https://marketupdatedreports.blogspot.com/2023/11/hybrid-cloud-market-outlook-development.html
https://marketupdatedreports.blogspot.com/2023/11/traction-motor-market-2029-top.html

Contact:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
corporatesales@databridgemarketresearch.com

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."

This release was published on openPR.