Automotive Traction Motor Core Market Share Driven by Electrification of Mobility and High-Efficiency Motor Design | Valuates Reports

Automotive Traction Motor Core Market Size
The global market for Automotive Traction Motor Core was valued at US$ 3842 million in the year 2024 and is projected to reach a revised size of US$ 9212 million by 2031, growing at a CAGR of 13.5% during the forecast period.

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The Automotive Traction Motor Core Market is witnessing sustained market growth as global automotive manufacturers accelerate the transition toward electrified powertrains. Key market trends shaping market size include rising adoption of electric and hybrid vehicles, continuous improvements in motor efficiency, and increasing focus on lightweighting and energy optimization. Advancements in lamination materials, precision stamping, and core design technologies are enhancing motor performance, while evolving regulatory frameworks promoting low-emission mobility are reinforcing long-term demand across passenger and commercial vehicle segments.

By type, permanent magnet motor cores account for the largest market share due to their high power density, superior efficiency, and widespread use in modern electric drivetrains. This segment continues to expand rapidly as automakers prioritize compact motor architectures with improved torque characteristics. AC induction motor cores maintain a stable presence in the market, particularly in applications emphasizing durability, cost control, and reduced reliance on rare-earth materials, supporting balanced market growth across propulsion technologies.

From an application perspective, battery electric vehicles represent the leading segment by market share, supported by accelerating vehicle electrification strategies and expanding charging infrastructure. Plug-in hybrid vehicles and hybrid electric vehicles contribute significantly to market size by sustaining demand for versatile traction motor solutions that balance efficiency and operational flexibility. Fuel cell electric vehicles remain an emerging application segment, with gradual adoption supporting niche growth opportunities within the broader automotive electrification landscape.

The competitive environment includes established players such as Mitsui High-tec, POSCO, Tempel Steel, EUROTRANCIATURA, and Feintool, which hold strong market share through advanced manufacturing capabilities and long-standing partnerships with global automakers. Companies such as Suzhou Fine-stamping, Wuxi Longsheng Technology, Hidria, Yutaka Giken, and Tongda Power Technology are expanding their presence through capacity expansion, process automation, and localization strategies. Competitive differentiation is driven by precision engineering, material innovation, and the ability to support high-volume automotive production requirements.

Regionally, Asia-Pacific dominates the market share, led by strong electric vehicle manufacturing ecosystems in China, Japan, and South Korea, along with integrated motor and component supply chains. Europe follows, supported by aggressive electrification targets, advanced automotive engineering, and investment in next-generation drivetrains. North America continues to show steady market growth driven by expanding EV production and supply chain localization efforts. The overall market forecast remains positive, with future growth expected to be fueled by ongoing electrification, innovation in motor core materials, and increasing adoption of high-efficiency traction systems across global automotive markets.

by Type

• Permanent Magnet Motor Cores
• AC Induction Motor Cores

by Application

• BEV
• PHEV
• HEV
• FCEV

By Company

Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Tempel Steel, Hidria, Yutaka Giken, Wuxi Longsheng Technology, R.Bourgeois, Toyota Boshoku Corporation, Tongda Power Technology, Feintool, Shiri Electromechanical Technology, JFE Shoji

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