Because of shifting consumer preferences towards long-range electric vehicles, the EV Motors market will grow steadily during the forecast period. Another important aspect influencing market expansion is the imposition of tight government regulations. To reduce greenhouse gas emissions and halt global warming, the international community has enacted stringent emissions limits. To meet more stringent environmental regulations, automakers are now focusing on developing zero-emission vehicles. During the projected period, these requirements will result in a greater emphasis on the manufacturing of more efficient electric vehicles.
Electric Vehicle Motor Market Overview:
Maximise Market Research, a market intelligence agency, has released a new research outlining the significant development potential for Electric Vehicle Motor industry providers from now until 2029. The research highlights the Electric Vehicle Motor Market's growth drivers, significant restraints, impending difficulties, and current opportunities, as well as a list of important companies and their business strategies.
Electric Vehicle Motor Market Size was valued at US$ 56.37 Bn in 2022. The Electric Vehicle Motor Market size is estimated to grow at a CAGR of 17.2% over the forecast period.
Electric Vehicle Motor Market Report Scope and Research Methodology:
Maximise Market Research gathered the information through primary research surveys conducted with product dealers, suppliers, international market supplies, and a dedicated team of subject matter experts who rigorously track and analyse the Electric Vehicle Motor industry. The Electric Vehicle Motor market size was estimated using a bottom-up approach. The research also provides a list of several ongoing development projects from various industries, as well as information on important projects that are in the development stage and may have an impact on the worldwide Electric Vehicle Motor market, either positively or negatively.
The research thoroughly studies and explains the Electric Vehicle Motor market dynamics, giving the reader with insights into emerging market trends, drivers, constraints, opportunities, and challenges at the global and regional levels.
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Electric Vehicle Motor Market Drivers:
The primary drivers driving the electric vehicle motor market are growth in the electric vehicle industry and an increase in government laws and regulations about vehicular emissions. Technology advancements, such as the production of energy-efficient motors, are projected to support market growth in the near future. Furthermore, the increase in government activities related to electric vehicles is likely to give numerous prospects for market growth.
Electric Vehicle Motor Market Segmentation:
by Motor Type
Alternating Current (AC) Motor
Direct Current (DC) Motor
by Vehicle Type
Passenger Car
Commercial Vehicle
Two-wheelers
by Power
Up to 100 kW
101-250 kW
Above 250 kW
by Assembly
Wheel Hub
Central Power Train
Key Players:
1. Honda Motor Co., Ltd.
2. Toyota Motor Corporation
3. Tesla Motors
4. Ford Motor Company
5. Nissan Motor Corporation Ltd.
6. Continental AG
7. Ametek Incorporation
8. Siemens AG
9. Baldor Electric Company Inc.
10.Allied Motion Technologies Inc.
11.ARC Systems Incorporation
12.Hitachi Automotive Systems
13.Mitsubishi Electric
14.Bosch
15.Denso
16.Emerson Electric
17.Toshiba
18.Magna
19.Gkn Driveline
20.Aisin Aw.
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Regional Analysis:
The report contains a complete analysis of the Electric Vehicle Motor market by region, including market dynamics, regional market structure, and important players in each region. North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are the regions.
COVID-19 Impact on the Electric Vehicle Motor Market
The report addresses the consequences of COVID-19: Since the COVID-19 virus emerged in December 2019, the sickness has spread to nearly every country on the earth, causing the World Health Organisation to designate it a public health catastrophe. The global impacts of the coronavirus outbreak are already being felt, and they will have a significant impact on the Electric Vehicle Motor sector in 2021.
Key Questions answered in the Electric Vehicle Motor Market Report are:
What is the expected Electric Vehicle Motor market size in 2029?
How the major segments of the global Electric Vehicle Motor market are expected to develop during the
forecast period?
Who are the top suppliers and producers in the Electric Vehicle Motor industry?
What is the expected Electric Vehicle Motor market size by the end of the forecast period?
Which regional market held the largest Electric Vehicle Motor market share in 2022?
Who are the key players in the Electric Vehicle Motor industry?
What are the Electric Vehicle Motor market segments?
Which Electric Vehicle Motor market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and
Region
Competitive Landscape – Profiles of selected key players by region in a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Pune, Maharashtra 411041, India
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