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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?

Electric Vehicle (EV) Motor Market Size

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:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Service
  • 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?

Electric Vehicle (EV) Motor Market Market segmentation by region

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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?

Electric Vehicle (EV) Motor Market Segmentation

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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

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 21.69%

Market growth 2021-2025

$ 6.31 billion

Market structure

Fragmented

YoY growth (%)

15.98

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 49%

Key consumer countries

China, US, Norway, Germany, and France

Competitive landscape

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

Market dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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

                                2.3.1 Inputs

                                2.3.2 Inbound logistics

                                2.3.3 Operations

                                2.3.4 Outbound logistics

                                2.3.5 Marketing and sales 

                                2.3.6 Service 

                                Support activities 

                                Innovations 

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
  • HPR
  • LPR

                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 
  • Europe 
  • APAC 
  • South America 
  • MEA 

                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. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ​​​​Market definition

                                11.1.2 ​​​​Objectives

                                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

Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Electric Vehicle Motor Market market growth will increase by $6.31 bn during 2021-2025.
The electric vehicle motor market market is expected to grow at a CAGR of 21.69% during 2021-2025.
Technavio has segmented the electric vehicle motor market market by other 1 (MPR, HPR, and LPR) and geography (APAC, Europe, North America, South America, and MEA).
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 are a few of the key vendors in the electric vehicle motor market market.
APAC will register the highest growth rate of 49% among the other regions. Therefore, the electric vehicle motor market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the electric vehicle motor market market growth are:
  • Increasing sales of EVs
  • OEMs focusing on connected EVs
The electric vehicle motor market market vendors should focus on grabbing business opportunities from the mpr segment as it accounted for the largest market share in the base year.
  • 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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