Global Automotive Traction Motor Core
Market Report
2025
The global Automotive Traction Motor Market size is USD 9.8 billion in 2024. The Automotive Traction Motor Market will show the strongest growth with a compound annual growth rate (CAGR) of 22.8% from 2024 to 2031. This expansion is due to the increasing global demand for Electric Vehicles.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Automotive Traction Motor Core Market Sales Revenue | $ 9.8 Billion | 121212 | 121212 | 121212 | 22.8% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Motor Type |
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Market Split by Power Output |
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Market Split by Vehicle Type |
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Market Split by EV Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Automotive Traction Motor Core industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Traction Motor Core Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The creation of frictional force, either electrically or non-electrically, between two surfaces without slipping is known as traction. An electric motor that produces rotary torque and transforms it into a straight-line motion is called a traction motor. The traction motor is classified as part of a certain class of industrial motors owing to the need for high torque, low-speed hill climbing, broad operating speed range, low-torque high-speed cruising, and rapid deceleration or acceleration. Due to its high performance, minimal maintenance requirements, increased dependability, and straightforward design, automotive traction motors are replacing conventional steam and diesel engines in various applications, which is anticipated to propel the market growth. Moreover, the increasing adoption of products in EVs is driving the market growth in the coming years.
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In December 2023, ZF Friedrichshafen AG announced its expansion in the production of axle and transmission in Coimbatore, India. This expansion involves new plants serving both domestic and specific export markets. The company intends to meet the rise in demand for sustainable technological advances, intelligent systems, and rapid development cycles to meet customer demands. (Source: https://press.zf.com/press/en/releases/release_64645.html)
Top Companies Market Share in Automotive Traction Motor Core Industry: (In no particular order of Rank)
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According to Cognitive Market Research, Asia-Pacific dominated the market in 2024 due to the rising demand for electric vehicles, rapid industrialization, and urbanization. The Asia-Pacific traction motor market has been driven by the fast electrification of the automobile sector and favorable government policies and efforts that encourage renewable energy. Furthermore, a rise in investment in transportation infrastructure is expected to boost the market growth in the region.
Europe stands out as the fastest-growing region in the Automotive Traction Motor Market due to increasing demand for electric vans in the logistics sector and the growing use of electrification of fleets for both private and public transportation. Moreover, the presence of major manufacturers across the region is expected to fuel the growth of the market. These businesses have created novel products, partnered with leading OEMs, and entered into supply agreements, all of which have greatly aided in the expansion of the market.
The current report Scope analyzes Automotive Traction Motor Core Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Automotive Traction Motor Core Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Traction Motor Core Industry growth. Automotive Traction Motor Core market has been segmented with the help of its Type, Motor Type Power Output, and others. Automotive Traction Motor Core market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the current trends and future market projects, Automotive Traction Motor Core market size is projected from 2019 to 2031, with both quantitative and qualitative analysis based on the Type segmentation analysis of the Automotive Traction Motor Core. This helps to understand the fastest-growing segments, such as industrial robots, electric motors, material handling systems, or construction equipment, and others. Type segment analysis gives detailed insights into the factors driving growth, such as technological innovations, automation, and energy efficiency. For instances segments like smart machinery and electric-powered equipment are becoming more popular as industries move towards sustainable and cost-effective solutions.
To better understand the performance of each Type segment, several factors are considered. These include technological advancements like IoT and AI integration, changes in consumer demand for more energy-efficient or customizable operation and pricing trends driven by raw material costs and labor. Regulatory impacts also play a role, especially with environmental and safety regulations. This type of analysis offers a clear view of how different types will evolve over time, helping businesses make smarter decisions on investments and strategies. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Type of Automotive Traction Motor Core analyzed in this report are as follows:
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According to cognitive market research, PMSM is the dominant category due to its efficiency and reliability. A rare earth magnet that can produce a rotating field to power the vehicle has made the PMSM lighter and smaller. This makes it more affordable and easily available, which is anticipated to drive revenue growth over the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Traction Motor Core Market is witnessing significant growth in the near future.
In 2023, the AC traction motor segment accounted for noticeable share of global Automotive Traction Motor Core Market and is projected to experience significant growth in the near future.
The PMSM segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Borgwarner Inc., Ltd. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | AC traction motor, DC traction motor |
Motor Type | PMSM, AC induction |
Power Output | Less than 200 kW, 200-400 kW, Above 400 kW |
Vehicle Type | Passenger Cars, Trucks, Buses, Pickup Trucks, Vans |
EV Type | BEV, HEV, PHEV |
List of Competitors | Borgwarner Inc., BYD Co., Ltd., Schaeffler Group, Robert Bosch Gmbh, Friedrichshafen AG, Johnson Electric Holdings Ltd., Continental AG, Valeo S.A., Mahle Group, Nidec Corporation, Mitsuba Corporation, Zhejiang Founder Motor Co., Ltd., Shenzhen Inovance Technology Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Automotive Traction Motor Core. Further deep in this chapter, you will be able to review Global Automotive Traction Motor Core Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Automotive Traction Motor Core. Further deep in this chapter, you will be able to review North America Automotive Traction Motor Core Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Automotive Traction Motor Core. Further deep in this chapter, you will be able to review Europe Automotive Traction Motor Core Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Automotive Traction Motor Core. Further deep in this chapter, you will be able to review Asia Pacific Automotive Traction Motor Core Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Automotive Traction Motor Core. Further deep in this chapter, you will be able to review South America Automotive Traction Motor Core Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Automotive Traction Motor Core. Further deep in this chapter, you will be able to review Middle East and Africa Automotive Traction Motor Core Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Automotive Traction Motor Core. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Motor Type Analysis 2021 - 2033
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Chapter 12 Market Split by Power Output Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Vehicle Type Analysis 2021 - 2033
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Chapter 14 Market Split by EV Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Traction Motor Core market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why AC traction motor have a significant impact on Automotive Traction Motor Core market? |
What are the key factors affecting the AC traction motor and DC traction motor of Automotive Traction Motor Core Market? |
What is the CAGR/Growth Rate of PMSM during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Traction Motor Core Market? |
Which region is expected to dominate the global Automotive Traction Motor Core Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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