Global Electric Traction Motor
Market Report
2025
The global electric traction motor market will be USD 12.7 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031. The market's expansion is due to the increasing need for energy-efficient transportation solutions.
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.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Electric Traction Motor Market Report 2025.
According to Cognitive Market Research, the global electric traction motor market will be USD 12.7 billion in 2024 and will rise at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|
Global Electric Traction Motor Market Sales Revenue | $ 12.7 Billion | 121212 | 121212 | 121212 | 12.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
|
Market Split by Power Rating |
|
Market Split by Application |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Report scope is customizable as we have a huge database of Electric Traction Motor industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Electric Traction Motor Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Electric traction refers to the utilization of electric power for propelling various modes of transportation, including trains, trams, and electric vehicles. The Electric Traction Market has witnessed significant growth driven by escalating concerns regarding environmental sustainability and the need for energy-efficient transportation solutions. This growth is propelled by technological advancements improving motor efficiency, expanding charging infrastructure, and government initiatives promoting electrification. Additionally, rising fuel costs, stringent emissions regulations, and increasing consumer preference for eco-friendly alternatives further stimulate market expansion. The electric traction market encompasses a diverse range of applications, including urban transportation, commercial vehicles, and industrial machinery, contributing to its robust growth trajectory. As the world shifts towards a more sustainable future, electric traction emerges as a pivotal component in reshaping the landscape of transportation, offering cleaner, greener, and more efficient mobility solutions.
We have various report editions of Electric Traction Motor Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In September 2022, Empresas Randon completed the development process of the innovative e-Sys electric auxiliary traction system. The company conducted the technical delivery of two semi-trailer models from the Hybrid R line, developed by Randon Implementos and equipped with pioneering technology led by Suspensys.
Top Companies Market Share in Electric Traction Motor Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America ruled the market in 2024 and accounted for around 40% of the global revenue. North America stands as a dominant force in the electric traction market, fueled by a combination of robust technological innovation, supportive regulatory frameworks, and a growing demand for sustainable transportation solutions across various sectors, including automotive and public transit.
Asia Pacific stands out as the fastest-growing region in the electric traction market. This growth is propelled by factors such as rapid urbanization, increasing adoption of electric vehicles, supportive government policies, and investments in charging infrastructure across countries in the region.
The current report Scope analyzes Electric Traction Motor 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.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Electric Traction Motor 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 Electric Traction Motor Industry growth. Electric Traction Motor market has been segmented with the help of its Type, Power Rating Application, and others. Electric Traction Motor 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, Electric Traction Motor market size is projected from 2019 to 2031, with both quantitative and qualitative analysis based on the Type segmentation analysis of the Electric Traction Motor. 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 Electric Traction Motor analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Traction Motor Industry. Request a Free Sample PDF!
This report provides a comprehensive forecast of revenue growth for the Electric Traction Motor industry at the global, regional, and country levels, from 2019 to 2031. It includes a detailed analysis of the latest industry trends and identifies key opportunities for each Power Rating segment of machinery and equipment. The analysis covers demand across various end-use industries, such as automotive, HVAC, construction, energy, and others. By examining these application segments, the report helps stakeholders understand the factors driving growth in specific sectors and identify high-potential areas for investment and innovation. To perform a thorough Power Rating segment analysis, the report considers several key factors. These include industry-specific demand patterns, technological advancements in machinery, and regional growth trends that influence specific applications. Additional factors such as regulatory requirements, supply chain dynamics, end-user preferences, and market competition are also examined to assess how they impact the adoption and performance of machinery in different sectors. The analysis further includes confidential insights like value chain evaluation, patent trends, and company performance metrics (through a Company Evaluation Quadrant), providing a complete view of each application’s evolution within the machinery and equipment market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Some of the key Power Rating of Electric Traction Motor are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
According to cognitive market research, the railways segment holds a prominent share due to the widespread adoption of electric locomotives and trains worldwide. The railways sector benefits from the efficiency, reliability, and environmental advantages offered by electric traction systems. Many countries have invested in electrifying their rail networks to reduce dependence on fossil fuels and decrease emissions. As a result, the railways segment emerges as a major driver of growth in the electric traffic market, with ongoing electrification projects and modernization initiatives driving further expansion.
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 Electric Traction Motor Market is witnessing significant growth in the near future.
In 2023, the AC segment accounted for noticeable share of global Electric Traction Motor Market and is projected to experience significant growth in the near future.
The Below 200 kW segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABB (Switzerland) , CRRC (China) 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, DC |
Power Rating | Below 200 kW, 200-400 kW, Above 400 kW |
Application | Railways, Electric Vehicle, Others |
List of Competitors | ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), General Electric (US), Mitsubishi (Japan), TOSHIBA CORPORATION (Japan), Siemens (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Electric Traction Motor. Further deep in this chapter, you will be able to review Global Electric Traction Motor 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 Electric Traction Motor. Further deep in this chapter, you will be able to review North America Electric Traction Motor Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Electric Traction Motor. Further deep in this chapter, you will be able to review Europe Electric Traction Motor Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Electric Traction Motor. Further deep in this chapter, you will be able to review Asia Pacific Electric Traction Motor 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 Electric Traction Motor. Further deep in this chapter, you will be able to review South America Electric Traction Motor Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Electric Traction Motor. Further deep in this chapter, you will be able to review Middle East Electric Traction Motor Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Electric Traction Motor. Further deep in this chapter, you will be able to review Middle East Electric Traction Motor Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Electric Traction Motor. 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.
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 Power Rating 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 12 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electric Traction Motor market
Chapter 13 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.
Chapter 14 Research Methodology and Sources
Why AC have a significant impact on Electric Traction Motor market? |
What are the key factors affecting the AC and DC of Electric Traction Motor Market? |
What is the CAGR/Growth Rate of Below 200 kW during the forecast period? |
By type, which segment accounted for largest share of the global Electric Traction Motor Market? |
Which region is expected to dominate the global Electric Traction Motor Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|