Product ID: UCMIG25A2093
Electric Vehicle Motor Market Size, Share, Growth Analysis, By Type(AC Motor, Synchronous AC Motor), By Vehicle Type(Pure Electric Vehicle, Hybrid Electric Vehicle), By Motor Type(Induction Motor, Synchronous Motor), By Power Rating(Up to 60 KW, 60 to 90 KW), By Application(Electric Two-Wheeler, Electric Three-Wheeler), By Powertrain Type(Single Motor, Dual Motor), By Marketplace(OEM, Aftermarket), By End User(Agribusiness, Transportation), By Geography(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG25A2093 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Electric Vehicle Motor Market Insights
Market Overview:
In 2021, the global electric vehicle motor market demonstrated a substantial value of USD 7.16 billion, signifying the rapid evolution and adoption of electric mobility solutions. These electric vehicle motors are at the heart of the ongoing transition towards more sustainable transportation alternatives. Looking ahead, the market's trajectory points towards a remarkable expansion, with projections estimating a future valuation of approximately USD 40.58 billion by 2030. This anticipated growth is underpinned by a robust Compound Annual Growth Rate (CAGR) of 21.26%, forecasted for the period spanning from 2021 to 2030. As the automotive industry continues to pivot towards electric propulsion systems, the electric vehicle motor market assumes a pivotal role in shaping the future of transportation, fostering innovation, and contributing to the global sustainability agenda.
Electric Vehicle Motor Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Electric Vehicle Motor Market Report Snapshots
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