Global New Energy Vehicle Traction Motors Market Research Report 2022

The traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles.
Market Analysis and Insights: Global New Energy Vehicle Traction Motors Market
Due to the COVID-19 pandemic, the global New Energy Vehicle Traction Motors market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Permanent Magnet Motor accounting for % of the New Energy Vehicle Traction Motors global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While EV segment is altered to an % CAGR throughout this forecast period.
North America New Energy Vehicle Traction Motors market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of New Energy Vehicle Traction Motors include FUKUTA, BYD, Broad-Ocean, Hasco, ZF, JJ, Bosch, Mitsubishi and Hitachi, etc. In terms of revenue, the global 3 largest players have a % market share of New Energy Vehicle Traction Motors in 2021.
Global New Energy Vehicle Traction Motors Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global New Energy Vehicle Traction Motors Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Permanent Magnet Motor
AC Induction Motor
Segment by Application
EV
HEV
By Company
FUKUTA
BYD
Broad-Ocean
Hasco
ZF
JJ
Bosch
Mitsubishi
Hitachi
Greatland
UAES
JEE
Magna
FDM
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina