Press release
Electric Heavy Commercial Vehicles Fuel Growth In Traction Motor Market: An Emerging Driver Transforming The Electric Commercial Vehicle Traction Motor Market Landscape
The Electric Commercial Vehicle Traction Motor Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Electric Commercial Vehicle Traction Motor Market?
The electric commercial vehicle traction motor market has experienced robust growth. It is forecasted to grow from $1.54 billion in 2024 to $1.89 billion in 2025, at a CAGR of 22.2%. The growth has been influenced by government incentives, increased environmental awareness, better charging networks, and a rising push for sustainable transportation.
The electric commercial vehicle traction motor market size is expected to grow significantly in the next few years. It will increase to $4.16 billion by 2029 at a compound annual growth rate (CAGR) of 21.9%. The key drivers of growth include the expansion of electric commercial fleets, the rise of autonomous vehicles, and the emergence of battery-swapping business models. Prominent trends include integration with power electronics, improved cooling systems, rigorous design and testing, and compatibility with advanced vehicle technologies.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16403
What Are the Different Electric Commercial Vehicle Traction Motor Market Segments?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16403&type=smp
What Are the Primary Drivers Shaping the Electric Commercial Vehicle Traction Motor Market?
The growing demand for electric heavy commercial vehicles is expected to fuel the growth of the electric commercial vehicle traction motor market. These vehicles are powered by electric motors and are used in applications such as trucks and buses, offering environmental benefits and cost savings. For example, in 2022, China sold 54,000 electric buses and 52,000 electric trucks, according to the International Energy Agency (IEA). The growing adoption of electric heavy commercial vehicles is thus driving the traction motor market.
Which Companies Are Leading in the Electric Commercial Vehicle Traction Motor Market?
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
What Are the Major Trends Shaping the Electric Commercial Vehicle Traction Motor Market?
Leading businesses in the electric commercial vehicle traction motor market are capitalizing on cutting-edge solutions like compact and lightweight traction motors to bolster their standing in the marketplace. These motors are designed to be diminutive in stature and light in weight while delivering powerful performance. For example, German automotive parts producer Mahle GmbH debuted the SCT E-motor in July 2022. This traction motor, applicable for electric private vehicles, commercial vehicles, construction machinery, and tractors, merges a constantly excited motor design with neodymium magnets in a compact package. It possesses an integrated oil cooling system which boosts its durability and permits the harnessing of waste heat for the entire vehicle's system. The uniqueness of the SCT E-motor within the market lies in its extraordinarily high continuous to peak output ratio, which surpasses 90%. This remarkable performance stems from its innovative built-in oil cooling system, enhancing the motor's toughness and facilitating the utilization of waste heat throughout the vehicle's system.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/electric-commercial-vehicle-traction-motor-global-market-report
What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Commercial Vehicle Traction Motor Market?
2. What is the CAGR expected in the Electric Commercial Vehicle Traction Motor Market?
3. What Are the Key Innovations Transforming the Electric Commercial Vehicle Traction Motor Industry?
4. Which Region Is Leading the Electric Commercial Vehicle Traction Motor Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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 Electric Heavy Commercial Vehicles Fuel Growth In Traction Motor Market: An Emerging Driver Transforming The Electric Commercial Vehicle Traction Motor Market Landscape here
News-ID: 4037192 • Views: …
More Releases from The Business Research Company

Future of the Tubeless Insulin Pump Market: Strategic Analysis and Forecast to 2 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Tubeless Insulin Pump Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for tubeless insulin pumps has experienced considerable expansion in the past few years. The market is forecasted to increase from $1.84 billion in 2024 to $2.20 billion in 2025, indicating a…

Key Trends Influencing the Growth of the Temporary Healthcare Staffing Market in …
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 Temporary Healthcare Staffing Market Through 2025?
The market size for temporary healthcare staffing has seen robust growth in the past few years. It is predicted to expand from a market worth $45.75 billion in 2024 to $48.83 billion in 2025, with a…

2025-2034 Trispecific Antibodies Market Roadmap: Insights for Competitive Advant …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Trispecific Antibodies Market Size By 2025?
Recent years have seen a swift expansion in the trispecific antibodies market. Forecasted growth shows an increase from $0.67 billion in 2024 to $0.78 billion in 2025, representing a compound annual growth rate (CAGR) of 16.7%. Factors such as…

Surgery Management System: Core Growth Enabler in the Growing Volume Of Surgical …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Surgery Management System Industry Market Size Be by 2025?
In the past few years, the market size for surgery management systems has seen significant expansion. Expected to rise from $2.23 billion in 2024 to $2.44 billion in 2025, the market will see a compound annual growth…
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…