1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Electric Vehicle Market Trends
Automotive Traction Motor Market by Motor Type, Type, EV Type, Power Output, Vehicle Type & Region - Global Forecast to 2026

Automotive Traction Motor Market by Motor Type, Type, EV Type, Power Output, Vehicle Type & Region - Global Forecast to 2026

  • March 2021
  • 226 pages
  • ID: 6039368
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The global automotive traction motor market is projected to grow at a CAGR of 33.7% from USD 4.1 billion in 2021 to USD 17.3 billion by 2026. Factors such as supporting government policies launch of new EV models, and advanced motor designs will drive the automotive traction motor market.
The electric vehicle industry has rapidly evolved with ongoing developments in design, features, engineering, and electric motor technologies.With the increasing stringency of government mandates regarding emissions caused by vehicles, the automotive industry is focusing on efficiency, emission-free propulsion, and innovative technologies.

The high predicted growth of electric vehicles due to government mandates and global presence of major OEMs and Tier I suppliers is expected to drive the market.In 2019, Bosch announced full ownership and control of its EM-motiv electric-motor development joint venture with Daimler to manage the full efficiency profile of electric propulsion, from the battery pack to power electronics and motors.

The company claims an increase of 20% in the range of electric vehicles.
Advanced motor designs, enhanced tolerance levels, and increased usage of superior magnetic materials have led to the need for higher efficiency levels in motors.There is a growing demand for compact and energy-efficient motors.

Electric traction motors are mainly used in electric vehicles. Permanent magnet motors are widely used as traction motors in electric vehicles due to their higher efficiency level, power density, smaller size, and lower weight as compared to induction (asynchronous) motors.
Traction motors also play a significant role in the development of electrified cars and commercial vehicles.The electric propulsion system is an integral part of EVs and HEVs.

Increase in the usage of electric vehicles and massive investment in technological advancements in electric vehicles are major driving factors for the traction motor market. The stringent government regulations related to vehicle emission and support towards component costs are also predicted to be driving factors for the market.

The commercial vehicles segment is expected to be the fastest segment in the forecast.

Commercial vehicles require higher power traction motors as compared to passenger cars due to the requirement of high starting torque and overload capacity.The rising demand for and subsequent increase in the sale of commercial vehicles, impositions of stringent emission regulations with increased set limits in fuel efficiency regulations by different governments, and safety regulations have together shifted the focus of OEMs toward reducing carbon emissions from commercial vehicles.

The government parameters regarding regulations for carbon emissions vary according to vehicle type and region.
North America is projected to be the largest automotive traction motor market for commercial vehicles.This can be attributed to the growing popularity of pickup trucks in the region among OEMs such as Ford, Chrysler, and General Motors.

Traction motor manufacturers in the region are also increasing their investments in this segment to add more fuel-efficient features.For instance, in October 2019, Eaton Corporation PLC announced the plan to launch a transmission system for heavy-duty electric commercial vehicles.

The transmission will be 4-speed and based on efficient lay shaft architecture of Automated Manual Transmission (AMT) designed specifically for commercial EVs. All these factors are expected to fuel the demand for traction motors in North America.

200-400 kW is expected to be the fastest power ouput segment in the forecast period.
Traction motors with a power output of 200–400 kW are particularly installed in medium to heavy commercial vehicles.These motors have a high starting torque and overload capacity.

As these motors are widely used in commercial vehicles such as trucks, vans, and buses, their demand is expected to increase in several countries across the Middle East, North America, and Asia Pacific, which are witnessing significant investments in EV projects.The wide array of applications employing these traction motors is one of the major factors driving this segment.

Skoda and Toshiba are some of the manufacturers of traction motors with a power output of 200–400 kW.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I - 59%, Tier II - 7%, and OEMs - 34%
• By Designation: CXOs - 26%, Director Level - 43%, and Others - 31%
• By Region: North America - 29%, Europe - 39%, and Asia Pacific - 35%
The automotive traction motor market is dominated by established players such as BorgWarner Inc. (US), Schaeffler Group (Germany), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany).

Research Coverage:
The study covers the automotive traction motor market size and future growth potential across different segments such as by type, motor type, EV type, vehicle type, power output and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
• The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall automotive traction motor market and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Automotive FCEV Market: Analysis By Vehicle Type (PVs, LCVs, Bus, Trucks), Distance Range (Short, Long), By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)

  • $ 2400
  • February 2021
  • 210 pages

Executive Summary The Global Automotive FCEV Market, valued at USD 415.45 Million in the year 2020, has been witnessing lucrative growth owing to stringent regulatory standards regarding environment conservation, ...

  • World
  • Electric Vehicle
  • Automotive
  • Industry analysis
  • Car Production
  • Greenhouse Gas Emissions


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on