Press release
Electric Motors for Vehicles Market Poised to Hit $33.71 Billion by 2031, Growing at 15.1% CAGR | Tesla, BYD, Huawei, ZF
Electric Motors for Vehicles Market
The global Electric Motors for Vehicles market is projected to grow from US$ 12.20 billion in 2024 to US$ 33.71 billion by 2031, at a CAGR of 15.1% (2025-2031), driven by critical product segments and diverse end‐use applications, while evolving U.S. tariff policies introduce trade‐cost volatility and supply‐chain uncertainty.
Download Exclusive PDF Sample: (Including Full TOC, Data Tables, Visual Charts) @ https://www.qyresearch.in/request-sample/automobile-transportation-global-electric-motors-for-vehicles-market-outlook-indepth-analysis-forecast-to-2031
Electric motors for vehicles are electromechanical devices that convert electrical energy into mechanical energy to generate propulsion or operate vehicle subsystems. In the context of electric and plug-in hybrid vehicles, these motors serve as the primary source of driving force, replacing or complementing traditional internal combustion engines. They are most commonly used in battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Automotive electric motors are highly engineered to meet the demands of vehicle dynamics, energy efficiency, and durability.
Depending on the vehicle architecture, electric motors can drive one or more axles directly, work within an integrated e-drive unit, or support functions such as regenerative braking. The most widely used types are permanent magnet synchronous motors (PMSM) and asynchronous motors (AM), each offering unique advantages in terms of energy efficiency, torque control, manufacturing complexity, and cost. These motors play a central role in the overall performance, energy management, and user experience of modern electric vehicles.
The market for electric motors in vehicles is rapidly expanding due to the global push toward sustainable transportation and clean energy adoption. As automakers and governments commit to reducing greenhouse gas emissions and phasing out internal combustion engines, electric motors have become central to the future of mobility. Technological advancements in motor design, control systems, and manufacturing processes are making electric motors more compact, efficient, and cost-effective.
Manufacturers are focusing on improving energy density, reducing rare-earth material usage, and integrating motors more deeply with vehicle control systems. Permanent magnet synchronous motors are widely adopted in passenger vehicles due to their high efficiency and performance, while asynchronous motors are chosen in specific applications where cost and durability are prioritized. The growing demand for electric vehicles is driving innovation not only in propulsion motors but also in auxiliary motors used for systems like power steering, pumps, and air conditioning. Overall, the development of advanced electric motor technologies is crucial to enabling the next generation of cleaner, smarter, and more efficient vehicles.
Featured Companies: -
Tesla
BYD
Huawei
ZF
Bosch
Mitsubishi Motors
Hitachi
United Automotive Electronic Systems
Inovance
VREMT
Zhejiang Founder
Volkswagen Automatic Transmission
NIO XPT
Hasco
Nidec
Broad-Ocean Motor
Shuanglin Automotive
Leapmotor
JJE
CRRC Times Electric
Chery New Energy
JEE
Companies are selected based on parameters such as: -
> Revenue generation
> Manufacturing facilities
> R&D investments
> Market share and innovation pipeline
> Geographical presence
Detailed of Electric Motors for Vehicles Market Segmentation: -
Segmentation By Type :-
Permanent Magnet Synchronous Motor (PMSM)
Asynchronous Motor
Other
Segmentation By Application : -
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Regional Insights -
United States
-Canada
-Mexico
-Brazil
APAC
-Japan
-South Korea
-China
-ASEAN
-India
EMEA
-Europe
-Middle East
-Africa
Request for Pre-Order Enquiry On This Exclusive Report @ https://www.qyresearch.in/pre-order-inquiry/automobile-transportation-global-electric-motors-for-vehicles-market-outlook-indepth-analysis-forecast-to-2031
Key Features Of The Study:-
ᗒ This report provides in-depth analysis of the global Electric Motors for Vehicles market, and provides market size (us$ million) and cagr for the forecast period (205-2031), considering 2023 as the base year.
ᗒ This report profiles key players in the global Electric Motors for Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Motors for Vehicles sales data, market share and ranking.
ᗒ This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
ᗒ This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
ᗒ The global Electric Motors for Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Important questions answered in the report includes of:
ᗒ How will the market for the Electric Motors for Vehicles Market industry grow in 2025?
ᗒ Which well-known major companies will drive the market's growth?
ᗒ Which size of business held the biggest market share for data centre?
ᗒ What is the market's Compound Annual Growth Rate (CAGR) for the 2025-2031 forecast period?
ᗒ What is the primary factor driving the market's expansion?
ᗒ In the market, which region held the highest market share?
Why QY Research?
ᗒ Established Global Authority: Founded in 2007, QY Research is a globally recognized leader in market intelligence, trusted by over 68,000 clients across 160+ countries.
ᗒ Vast Industry Coverage: Offers insights across 3,600+ industries with access to a proprietary database of 2 million+ market reports.
ᗒ Partner to Industry Giants: Trusted by 99% of Fortune Global 500 companies and the Top 5 players in most sectors for critical decision-making support.
ᗒ Unmatched Expertise: Backed by a global team of 20,000+ domain experts, including seasoned analysts and industry professionals with deep subject knowledge.
ᗒ Precision-Driven Methodology: Utilizes a unique 36-role interview verification system and integrates 1,000+ global databases for unmatched data accuracy and reliability.
ᗒ Global Intelligence Network: Operates an international data collection system spanning over 160 countries, providing local insights with global relevance.
ᗒ Exceptional Client Loyalty: Maintains a 92% repeat client rate, reflecting long-term relationships built on trust, value, and proven outcomes.
ᗒ Custom-Tailored Solutions: Offers bespoke research, strategic consulting, and competitive intelligence designed to meet specific business needs-whether for MNCs, SMEs, or startups.
ᗒ Proactive Market Insight: Known for identifying trends before they emerge, helping clients anticipate change and shape strategy-not just react to it.
Related Reports You May Be Interested In:
https://qyresearch.in/report-details/5397106/Global-USB-Fingerprint-Reader-Market
https://qyresearch.in/report-details/8347219/Global-Automatic-Friction-Welder-Market
https://qyresearch.in/report-details/5362817/Global-Heparin-Sodium-API-Market
https://qyresearch.in/report-details/9671248/Global-Remote-Plasma-Generator-Market
About Us:
QYResearch established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.
Contact Us:
Arshad Shaha | Marketing Executive
QY Research, INC.
315 Work Avenue, Raheja Woods,
Survey No. 222/1, Plot No. 25, 6th Floor,
Kayani Nagar, Yervada, Pune 411006, Maharashtra
Tel: +91-8669986909
Emails - arshad@qyrindia.com
Web - https://www.qyresearch.in
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 Motors for Vehicles Market Poised to Hit $33.71 Billion by 2031, Growing at 15.1% CAGR | Tesla, BYD, Huawei, ZF here
News-ID: 4135667 • Views: …
More Releases from QYResearch.Inc
SiC Crystal Substrate Market Witnessing Strong CAGR of 14.8% Growth 2025-2031
Los Angeles, United State: A newly published report titled "Global SiC Crystal Substrate Market Insights, Forecast 2025 to 2031" by QY Research throws light on the industry dynamics and current and future trends that play a key role in determining the business expansion. The SiC Crystal Substrate report also highlights the key driving factors and restraints that are impacting the growth. For a comprehensive understanding, the professionals have reviewed the…
ADAS Domain Controller Unit Market Set for Expansion at CAGR 15.7 by 2031 | Vale …
Los Angeles, United State: A newly published report titled "Global ADAS Domain Controller Unit Market Insights, Forecast 2025 to 2031" by QY Research throws light on the industry dynamics and current and future trends that play a key role in determining the business expansion. The ADAS Domain Controller Unit report also highlights the key driving factors and restraints that are impacting the growth. For a comprehensive understanding, the professionals have…
District Cooling Solution Market to Hit USD 126.34 Million by 2031 with CAGR 9.9
Los Angeles, United State: A newly published report titled "Global District Cooling Solution Market Insights, Forecast 2025 to 2031" by QY Research throws light on the industry dynamics and current and future trends that play a key role in determining the business expansion. The District Cooling Solution report also highlights the key driving factors and restraints that are impacting the growth. For a comprehensive understanding, the professionals have reviewed the…
LiPF6 for Lithium Battery Electrolyte Market Set for Expansion at CAGR 18.3 by 2 …
Los Angeles, United State: A newly published report titled "Global LiPF6 for Lithium Battery Electrolyte Market Insights, Forecast 2025 to 2031" by QY Research throws light on the industry dynamics and current and future trends that play a key role in determining the business expansion. The LiPF6 for Lithium Battery Electrolyte report also highlights the key driving factors and restraints that are impacting the growth. For a comprehensive understanding, the…
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…
