| Product Code: ETC5887761 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to see a strong import demand for automotive traction motors, with top exporting countries being Sweden, Hungary, China, Brazil, and Czechia. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a moderate compound annual growth rate (CAGR) of 4.1% from 2020-2024. However, there was a notable decline in growth rate from 2023-2024 at -37.19%, suggesting potential shifts in market dynamics or external factors influencing the industry landscape. Further analysis is recommended to understand the implications of these trends on the Belgian automotive traction motor market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Automotive Traction Motor Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Automotive Traction Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Automotive Traction Motor Market - Industry Life Cycle |
3.4 Belgium Automotive Traction Motor Market - Porter's Five Forces |
3.5 Belgium Automotive Traction Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.6 Belgium Automotive Traction Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Belgium Automotive Traction Motor Market Revenues & Volume Share, By EV Type, 2021 & 2031F |
4 Belgium Automotive Traction Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Belgium, driving the need for automotive traction motors. |
4.2.2 Government incentives and regulations promoting the adoption of electric vehicles and sustainable transportation solutions. |
4.2.3 Technological advancements leading to improved efficiency and performance of automotive traction motors. |
4.3 Market Restraints |
4.3.1 High initial costs associated with electric vehicles and traction motor systems. |
4.3.2 Limited charging infrastructure for electric vehicles in Belgium. |
4.3.3 Competition from traditional internal combustion engine vehicles. |
5 Belgium Automotive Traction Motor Market Trends |
6 Belgium Automotive Traction Motor Market Segmentations |
6.1 Belgium Automotive Traction Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Automotive Traction Motor Market Revenues & Volume, By PMSM, 2021-2031F |
6.1.3 Belgium Automotive Traction Motor Market Revenues & Volume, By AC Induction, 2021-2031F |
6.2 Belgium Automotive Traction Motor Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Belgium Automotive Traction Motor Market Revenues & Volume, By AC, 2021-2031F |
6.2.3 Belgium Automotive Traction Motor Market Revenues & Volume, By DC, 2021-2031F |
6.3 Belgium Automotive Traction Motor Market, By EV Type |
6.3.1 Overview and Analysis |
6.3.2 Belgium Automotive Traction Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.3.3 Belgium Automotive Traction Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.3.4 Belgium Automotive Traction Motor Market Revenues & Volume, By PHEV, 2021-2031F |
7 Belgium Automotive Traction Motor Market Import-Export Trade Statistics |
7.1 Belgium Automotive Traction Motor Market Export to Major Countries |
7.2 Belgium Automotive Traction Motor Market Imports from Major Countries |
8 Belgium Automotive Traction Motor Market Key Performance Indicators |
8.1 Average battery range of electric vehicles in Belgium. |
8.2 Number of charging stations per capita in Belgium. |
8.3 Adoption rate of electric vehicles in the overall automotive market in Belgium. |
8.4 Average efficiency improvement in automotive traction motors over time. |
8.5 Growth in the number of electric vehicle models available in the Belgian market. |
9 Belgium Automotive Traction Motor Market - Opportunity Assessment |
9.1 Belgium Automotive Traction Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.2 Belgium Automotive Traction Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Belgium Automotive Traction Motor Market Opportunity Assessment, By EV Type, 2021 & 2031F |
10 Belgium Automotive Traction Motor Market - Competitive Landscape |
10.1 Belgium Automotive Traction Motor Market Revenue Share, By Companies, 2024 |
10.2 Belgium Automotive Traction Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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