Press release
Advancements In Electric Commercial Vehicle Traction Motors Trend: A Crucial Influence on the Electric Commercial Vehicle Traction Motor Market's Transformation in 2025
Electric Commercial Vehicle Traction Motor
Rising demand for electric heavy commercial vehicles is expected to fuel the growth of the electric commercial vehicle traction motor market. These vehicles, such as trucks and buses, run on electric motors rather than internal combustion engines, offering environmental, cost, and policy support benefits. Traction motors provide essential power and torque for the efficient operation of electric heavy commercial vehicles. For instance, in July 2023, the International Energy Agency (IEA) reported that 54,000 new electric buses and 52,000 electric medium- and heavy-duty trucks were sold in China in 2022, up from 50,000 and 37,000 in 2021. The growing demand for electric heavy commercial vehicles is driving the growth of the electric commercial vehicle traction motor market.
Get Your Electric Commercial Vehicle Traction Motor Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-commercial-vehicle-traction-motor-global-market-report
What Is the projected market size and growth rate for the electric commercial vehicle traction motor market?
The electric commercial vehicle traction motor market is projected to grow from $1.54 billion in 2024 to $1.89 billion in 2025, with a CAGR of 22.2%. This growth is due to government incentives for electrification, increased environmental awareness, improvements in charging infrastructure, and rising demand for sustainable transport solutions.
The electric commercial vehicle traction motor market is expected to see exponential growth, reaching $4.16 billion by 2029 with a CAGR of 21.9%. This is driven by the expansion of electric vehicle fleets by commercial logistics companies, the adoption of autonomous driving technology, and new business models such as battery swapping for commercial EVs. Trends include integration with power electronics, advanced cooling techniques, robust design standards, and integration with vehicle systems.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16403&type=smp
What new trends are reshaping the electric commercial vehicle traction motor market and its opportunities?
Companies in the electric commercial vehicle traction motor market are focusing on compact, lightweight traction motors to improve performance, efficiency, and vehicle range. For instance, in July 2022, Mahle GmbH, a German automotive parts manufacturer, introduced the SCT E-motor, designed for electric vehicles, including passenger cars, commercial vehicles, and construction equipment. The SCT E-motor combines a permanent magnet motor design with oil cooling, enhancing robustness and performance by using waste heat from the vehicle's system.
What major market segments define the scope and growth of the electric commercial vehicle traction motor market?
The electric commercial vehicle traction motor market covered in this report is segmented -
1) By Vehicle Type: Buses, Trucks, Vans
2) By Design: Axial Flux, Radial Flux
3) By Transmission: Single Speed Drive, Multi-Speed Drive
4) By Power Output: Less Than 100 kW, 100-200 kW, 200-400 kW, Above 400 kW
5) By Motor Type: Permanent Magnet Synchronous Motor (PMSM), Alternating Current (AC) Induction Motor, Direct Current (DC) Traction Motor
Subsegments:
1) By Buses: City Buses, Intercity Buses, Electric School Buses, Shuttle Buses
2) By Trucks: Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks
3) By Vans: Electric Delivery Vans, Electric Passenger Vans, Electric Cargo Vans
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16403
Which region dominates the electric commercial vehicle traction motor market?
Asia-Pacific was the largest region in the electric commercial vehicle traction motor market in 2024. The regions covered in the electric commercial vehicle traction motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the electric commercial vehicle traction motor industry growth?
Major companies operating in the electric commercial vehicle traction motor market are Robert Bosch GmbH, Hitachi Ltd., Siemens AG, Posco International, BYD CO.LTD, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Aisin Corporation, ASEA Brown Boveri ABB, Toshiba Group, Valeo SA, Nidec Corporation, Parker Hannifin Corporation, BorgWarner Inc., Dana Limited, American Axle & Manufacturing, Allison Transmission Inc., TECO Electric And Machinery Co., Zhongshan Broad-Ocean Motor Co. Ltd., Remy Group, MAHLE GmbH, Kollmorgen, Equipmake
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=16403&type=smp
What Is Covered In The Electric Commercial Vehicle Traction Motor Global Market Report?
•Market Size Forecast: Examine the electric commercial vehicle traction motor market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electric commercial vehicle traction motor market for a structured understanding.
•Key Players Overview: Analyze major players in the electric commercial vehicle traction motor market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric commercial vehicle traction motor market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electric commercial vehicle traction motor market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric commercial vehicle traction motor market.
•Industry Challenges: Identify potential risks and obstacles affecting the electric commercial vehicle traction motor market.
•Competitive Landscape: Review strategic developments in the electric commercial vehicle traction motor market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Advancements In Electric Commercial Vehicle Traction Motors Trend: A Crucial Influence on the Electric Commercial Vehicle Traction Motor Market's Transformation in 2025 here
News-ID: 3922735 • Views: …
More Releases from The Business Research Company
C-X-C Chemokine Receptor Type 2 Market on Track for Strong Growth, Estimated to …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the C-X-C Chemokine Receptor Type 2 Market Through 2025?
There has been a significant expansion in the market for C-X-C chemokine receptor type 2 in the past few years. The market is projected to increase from $1.24 billion in 2024 to $1.38 billion…
Top Market Shifts Transforming the Coenzyme Q10 Market Landscape: Key Insights
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Coenzyme Q10 Market Through 2025?
The market size of coenzyme Q10 has seen impressive expansion in the past years, with predictions stating an increase from $0.74 billion in 2024 up to $0.84 billion in 2025, implying a compound annual growth rate (CAGR)…
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Chimeric Antibody Market Through 2025?
In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)…
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Chimeric Antibody Market Through 2025?
In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
