Electric Vehicle (EV) Motor Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025
- Published: Dec 2021
- Pages: 120
- SKU: IRTNTR41558
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The electric vehicle (EV) motor market share is expected to increase by USD 6.31 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 21.69%.
This electric vehicle motor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric vehicle motor market segmentation by power rating (MPR, HPR, and LPR) and geography (APAC, Europe, North America, South America, and MEA). The electric vehicle motor market report also offers information on several market vendors, including Allied Motion Technologies Inc., Continental AG, DENSO Corp., Ford Motor Co., Hitachi Ltd., Nissan Motor Co. Ltd., Robert Bosch GmbH, Siemens AG, Toshiba Corp., and Valeo SA among others.
What will the Electric Vehicle Motor Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Electric Vehicle Motor Market Size for the Forecast Period and Other Important Statistics
Electric Vehicle Motor Market: Key Drivers and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing sales of EVs is notably driving the EV motor market growth, although factors such as lack of operational infrastructure in emerging markets may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric vehicle motor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Electric Vehicle Motor Market Driver
One of the key factors driving growth in the electric vehicle motor market is the increasing sales of EVs. Most government bodies across the world are taking several initiatives to promote the sales of EVs. The factors driving the demand for EVs are various benefits and perks provided by the governments, increased awareness to curb the emission of greenhouse gas, stringent carbon emission norms like reducing the average CO2 emission emitted by the fleets of OEMs, increase in participation from the foreign as well as the regional players for the development of EVs, and increased buyers' intent to adopt EVs. Concerns about the significant increase in greenhouse gas emissions have led to an increase in the sales of plug-in hybrids as well as EVs. The government bodies across all regions are creating awareness to Go Green and incentivizing the purchase and sale of greener technology, which has very less impact on the environment.
Key Electric Vehicle Motor Market Challenge
The lack of operational infrastructure in emerging markets will be a major challenge for the electric vehicle motor market during the forecast period. In India and other Southeast Asian countries, the lack of adequate infrastructure hinders the expansion of EV charging stations. The lack of proper road infrastructure in these countries hampers the wide-scale expansion of EV charging infrastructure. Individuals and freight operators who maintain a fleet of electric vehicles for commercial purposes limit their operations to major cities because the operational infrastructure required for setting up an EV charging station is available mostly in major cities, not in tier-2 and tier-3 cities. Hence, the lack of operational infrastructure is hampering the overall growth of the market under focus.
This electric vehicle motor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global electric vehicle motors market as a part of the global automotive components and accessories within the global auto components market. The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.
Who are the Major Electric Vehicle Motor Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Allied Motion Technologies Inc.
- Continental AG
- DENSO Corp.
- Ford Motor Co.
- Hitachi Ltd.
- Nissan Motor Co. Ltd.
- Robert Bosch GmbH
- Siemens AG
- Toshiba Corp.
- Valeo SA
This statistical study of the electric vehicle motor market encompasses successful business strategies deployed by the key vendors. The EV motor market is fragmented and the vendors are deploying growth strategies such as focusing on developing modern technologies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The electric vehicle motor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Electric Vehicle Motor Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the electric vehicle motor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the electric vehicle motor market includes the following core components:
- Inbound logistics
- Distribution and logistics
- Marketing and sales
- Industry innovations
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Electric Vehicle Motor Market?
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49% of the market's growth will originate from APAC during the forecast period. China is the key market for electric vehicle motors in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The increasing demand for EVs from countries such as China, Japan, India, Singapore, Thailand, and South Korea will facilitate the electric vehicle motor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Power Rating Segments in the Electric Vehicle Motor Market?
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The electric vehicle motor market share growth by the mid-power rating (MPR) segment will be significant during the forecast period. MPR motors are the preferred motors for use in full or plug-in hybrid powertrains and low-range pure EVs.
This report provides an accurate prediction of the contribution of all the segments to the growth of the EV motor market size and actionable market insights on post COVID-19 impact on each segment.
Electric Vehicle Motor Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 21.69%
Market growth 2021-2025
$ 6.31 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 49%
Key consumer countries
China, US, Norway, Germany, and France
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Allied Motion Technologies Inc., Continental AG, DENSO Corp., Ford Motor Co., Hitachi Ltd., Nissan Motor Co. Ltd., Robert Bosch GmbH, Siemens AG, Toshiba Corp., and Valeo SA
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Electric Vehicle Motor Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive electric vehicle motor market growth during the next five years
- Precise estimation of the electric vehicle motor market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the EV motor industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of EV motor market vendors
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1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market Characteristics
Exhibit 02: Market Characteristics
2.3 Value chain analysis
Exhibit 03: Value chain analysis
2.3.2 Inbound logistics
2.3.4 Outbound logistics
2.3.5 Marketing and sales
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Market condition - Five forces 2020
5. Market Segmentation by Power rating
The segments covered in this chapter are:
MPR has the highest growth while HPR and LPR have the lowest growth
5.1 Market segments
Exhibit 15: Power rating- Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Power Rating
5.3 MPR - Market size and forecast 2020-2025
Exhibit 17: MPR - Market size and forecast 2020-2025 ($ million)
Exhibit 18: MPR - Year-over-year growth 2020-2025 (%)
5.4 HPR - Market size and forecast 2020-2025
Exhibit 19: HPR - Market size and forecast 2020-2025 ($ million)
Exhibit 20: HPR - Year-over-year growth 2020-2025 (%)
5.5 LPR - Market size and forecast 2020-2025
Exhibit 21: LPR - Market size and forecast 2020-2025 ($ million)
Exhibit 21: LPR - Market size and forecast 2020-2025 ($ million)
5.6 Market opportunity by Power Rating
Exhibit 23: Market opportunity by Power Rating
6. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 24: Customer landscape
7. Geographic Landscape
The regions covered in the report are:
- North America
- South America
APAC was the largest region of the market in 2020
7.1 Geographic segmentation
Exhibit 25: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 26: Geographic comparison
7.3 APAC - Market size and forecast 2020-2025
Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
7.4 Europe - Market size and forecast 2020-2025
Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
7.5 North America - Market size and forecast 2020-2025
Exhibit 31: North America - Market size and forecast 2020-2025 ($ million
Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
7.9 Market opportunity by geography
Exhibit 38: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing sales of EVs
8.1.2 Declining prices of lithium-ion batteries
8.1.3 Increasing average miles driven by EVs on a single charge
8.2 Market challenges
8.2.1 Lack of operational infrastructure in emerging markets
8.2.2 High cost of ownership for EVs as compared with ICE vehicles
8.2.3 Consumers' reluctance to purchase EVs due to range anxiety
Exhibit 39: Impact of drivers and challenges
8.3 Market trends
8.3.1 OEMs focusing on connected EVs
8.3.2 Growing trend of multi-speed transmission in EVs
8.3.3 Automakers involved in production of in-house electric motors
9. Vendor Landscape
10.1 Competitive scenario
10.2 Vendor landscape
Exhibit 40: Vendor landscape
10.3 Landscape disruption
Exhibit 41: Landscape disruption
10.4 Industry risks
Exhibit 42: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 43: Vendors covered
10.2 Market positioning of vendors
Exhibit 44: Market positioning of vendors
10.3 Allied Motion Technologies Inc.
Exhibit 45: Allied Motion Technologies Inc. - Overview
Exhibit 46: Allied Motion Technologies Inc. - Business segments
Exhibit 47: Allied Motion Technologies Inc. - Key offerings
10.4 Continental AG
Exhibit 48: Continental AG - Overview
Exhibit 49: Continental AG- Key news
Exhibit 50: Continental AG - Key offerings
10.5 DENSO Corp.
Exhibit 51: DENSO Corp. - Overview
Exhibit 52: DENSO Corp. - Key news
Exhibit 53: DENSO Corp. - Key offerings
10.6 Ford Motor Co.
Exhibit 54: Ford Motor Co. - Overview
Exhibit 55: Ford Motor Co. - Business segments
Exhibit 56: Ford Motor Co. - Key offerings
Exhibit 57: Ford Motor Co. - Segment focus
10.7 Hitachi Ltd.
Exhibit 58: Hitachi Ltd. - Overview
Exhibit 59: Hitachi Ltd. - Business segments
Exhibit 60: Hitachi Ltd. - Key offerings
Exhibit 61: Hitachi Ltd. - Segment focus
10.8 Nissan Motor Co. Ltd.
Exhibit 62: Nissan Motor Co. Ltd. - Overview
Exhibit 63: Nissan Motor Co. Ltd. - Business segments
Exhibit 64: Nissan Motor Co. Ltd. - Key news
Exhibit 65: Nissan Motor Co. Ltd. - Key offerings
Exhibit 66: Nissan Motor Co. Ltd. - Segment focus
10.9 Robert Bosch GmbH
Exhibit 67: Robert Bosch GmbH - Overview
Exhibit 68: Robert Bosch GmbH - Business segments
Exhibit 69: Robert Bosch GmbH - Key offerings
Exhibit 70: Robert Bosch GmbH - Segment focus
10.10 Siemens AG
Exhibit 71: Siemens AG - Overview
Exhibit 72: Siemens AG - Business segments
Exhibit 73: Siemens AG - Key news
Exhibit 74: Siemens AG - Key offerings
Exhibit 75: Siemens AG - Segment focus
10.11 Toshiba Corp.
Exhibit 76: Toshiba Corp. - Overview
Exhibit 77: Toshiba Corp. - Business segments
Exhibit 78: Toshiba Corp. - Key offerings
Exhibit 79: Toshiba Corp. - Segment focus
10.12 Valeo SA
Exhibit 80: Valeo SA - Overview
Exhibit 81: Valeo SA - Business segments
Exhibit 82: Valeo SA - Key offerings
Exhibit 83: Valeo SA - Segment focus
11.1 Scope of the report
11.1.1 Market definition
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 84: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 85: Research Methodology
Exhibit 86: Validation techniques employed for market sizing
Exhibit 87: Information sources
11.4 List of abbreviations
Exhibit 88: List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing sales of EVs
- OEMs focusing on connected EVs
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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