Report Overview:
The motor is one of the three core systems of electric vehicles. It is the main drive system for vehicle driving. Its characteristics determine the main performance indicators of the vehicle and directly affect the vehicle's dynamics, economy, and user driving experience. An electric vehicle drive motor is an electrical device that converts electrical energy into mechanical energy to provide driving force for vehicle driving. The device can also have the function of converting mechanical energy into electrical energy.
This report provides a deep insight into the global Electric Vehicle Motors market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porters five forces analysis, value chain analysis, etc.
Market Value:
The Global Electric Vehicle Motors Market Size was estimated at USD 6559.62 million in 2023 and is projected to reach USD 8157.39 million by 2029, exhibiting a CAGR of 3.70% during the forecast period.
CAGR of 3.70%
(2022 – 2029)
By Types:
•Permanent Magnet
Synchronous Motor
•Asynchronous Motor
By Applications:
Battery Electric Vehicle (BEV)
Key players include:
• FUKUTA
• BYD
• Broad-Ocean Motor
• ZF Friedrichshafen AG
• Bosch
• JJE
• JEE
• Mitsubishi Motors
• Hitachi
• UAES
• HUAYU Automotive Systems
