Product Code: ETC13307258 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Electric Motors for Electric Vehicles Market was valued at USD 15.2 Billion in 2024 and is expected to reach USD 41.5 Billion by 2031, growing at a compound annual growth rate of 6.64% during the forecast period (2025-2031).
The Global Electric Motors for Electric Vehicles Market is experiencing significant growth due to the increasing adoption of electric vehicles worldwide. Electric motors are a critical component of electric vehicles, providing the necessary power for propulsion. Factors driving market growth include government initiatives promoting the adoption of electric vehicles, environmental concerns leading to a shift towards sustainable transportation solutions, and technological advancements enhancing the efficiency and performance of electric motors. Key players in the market are investing heavily in research and development to innovate and introduce more efficient electric motor solutions for electric vehicles. The market is highly competitive, with a focus on enhancing motor performance, reducing costs, and increasing energy efficiency to meet the growing demand for electric vehicles.
The Global Electric Motors for Electric Vehicles Market is experiencing rapid growth due to the increasing adoption of electric vehicles (EVs) worldwide. Key trends include the rising demand for high-efficiency electric motors to improve vehicle performance and range, the development of lightweight and compact motors to enhance overall vehicle design, and the focus on sustainable and eco-friendly transportation solutions. Opportunities in this market lie in the innovation and advancement of motor technologies to enhance efficiency and reduce costs, the expansion of EV infrastructure to support the growing EV market, and collaborations between automotive manufacturers and electric motor suppliers to drive product development and market penetration. Overall, the Global Electric Motors for Electric Vehicles Market presents promising prospects for growth and technological advancements in the coming years.
The Global Electric Motors for Electric Vehicles Market faces several challenges, including high initial costs of electric vehicles compared to traditional internal combustion engine vehicles, limited charging infrastructure, and range anxiety among consumers. Additionally, the reliance on rare earth materials for electric motor production poses supply chain risks and environmental concerns. The competition among electric motor manufacturers to improve efficiency and reduce weight while maintaining performance adds complexity to the market. Moreover, varying government regulations and incentives across different regions impact market growth and adoption rates. Overall, addressing these challenges requires collaboration between industry stakeholders, policymakers, and technology advancements to drive the widespread adoption of electric vehicles and electric motors in the global market.
The Global Electric Motors for Electric Vehicles Market is primarily driven by the increasing demand for electric vehicles due to growing environmental concerns and government initiatives to reduce carbon emissions. The emphasis on sustainable transportation solutions, coupled with advancements in electric motor technology leading to improved efficiency and performance, is fueling market growth. Additionally, the rising awareness among consumers regarding the benefits of electric vehicles, such as lower operating costs and maintenance requirements, is driving the adoption of electric motors in the automotive industry. Furthermore, stringent regulations regarding fuel efficiency and emissions standards are pushing automakers to invest in electric motor technology, further propelling the market forward.
Government policies related to the Global Electric Motors for Electric Vehicles Market include incentives for the adoption of electric vehicles (EVs) such as tax credits, rebates, and grants. Many countries have set targets to reduce emissions and promote the use of EVs as part of their efforts to combat climate change. Additionally, regulations mandating a certain percentage of EV sales within a country`s automotive market are being implemented to accelerate the transition to sustainable transportation. Some governments are also investing in charging infrastructure development to support the growth of the EV market. Overall, these policies aim to drive the demand for electric vehicles and, consequently, electric motors for EVs in the global market.
The Global Electric Motors for Electric Vehicles Market is poised for significant growth in the coming years due to the increasing adoption of electric vehicles worldwide. Factors such as government initiatives promoting sustainable transportation, advancements in electric motor technology, and growing environmental concerns are driving market expansion. The market is expected to see a surge in demand as automotive manufacturers shift towards producing more electric vehicles to meet stringent emission regulations and cater to the rising consumer preference for eco-friendly transportation options. Additionally, the focus on improving energy efficiency and reducing reliance on traditional internal combustion engines will further fuel the growth of the electric motors for electric vehicles market globally. Overall, the future outlook for this market appears promising with ample opportunities for innovation and market expansion.
In the Global Electric Motors for Electric Vehicles Market, Asia is poised for significant growth due to the rapid adoption of electric vehicles in countries like China and Japan, driven by government policies and consumer demand for sustainable transportation solutions. North America is a mature market with a strong emphasis on technological advancements and innovation in electric motor design. Europe leads in terms of stringent emissions regulations and investments in electric vehicle infrastructure. The Middle East and Africa are witnessing a gradual shift towards electric vehicles to diversify their oil-dependent economies. Latin America is showing potential for growth with increasing awareness about environmental issues and government incentives for electric vehicle adoption. Overall, the global market for electric motors in electric vehicles is dynamic and region-specific, with each area offering unique opportunities and challenges for industry players.
Global Electric Motors for Electric Vehicles 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 Global Electric Motors for Electric Vehicles Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Electric Motors for Electric Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Global Electric Motors for Electric Vehicles Market - Industry Life Cycle |
3.4 Global Electric Motors for Electric Vehicles Market - Porter's Five Forces |
3.5 Global Electric Motors for Electric Vehicles Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Electric Motors for Electric Vehicles Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.7 Global Electric Motors for Electric Vehicles Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Electric Motors for Electric Vehicles Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.9 Global Electric Motors for Electric Vehicles Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.10 Global Electric Motors for Electric Vehicles Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global Electric Motors for Electric Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Electric Motors for Electric Vehicles Market Trends |
6 Global Electric Motors for Electric Vehicles Market, 2021 - 2031 |
6.1 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By AC Induction Motors, 2021 - 2031 |
6.1.3 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Permanent Magnet Synchronous Motors, 2021 - 2031 |
6.1.4 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Switched Reluctance Motors, 2021 - 2031 |
6.1.5 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Brushless DC Motors, 2021 - 2031 |
6.2 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Passenger Cars, 2021 - 2031 |
6.2.3 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.2.4 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Two-Wheelers, 2021 - 2031 |
6.2.5 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Off-Highway Vehicles, 2021 - 2031 |
6.3 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By BEVs, 2021 - 2031 |
6.3.3 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By HEVs, 2021 - 2031 |
6.3.4 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By PHEVs, 2021 - 2031 |
6.3.5 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By FCEVs, 2021 - 2031 |
6.4 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Power Output, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By <50 kW, 2021 - 2031 |
6.4.3 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By 50-100 kW, 2021 - 2031 |
6.4.4 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By 100-250 kW, 2021 - 2031 |
6.4.5 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By >250 kW, 2021 - 2031 |
6.5 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Regenerative Braking, 2021 - 2031 |
6.5.3 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Wireless Charging Integration, 2021 - 2031 |
6.5.4 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By AI-Based Efficiency Optimization, 2021 - 2031 |
6.5.5 Global Electric Motors for Electric Vehicles Market, Revenues & Volume, By Integrated Thermal Management, 2021 - 2031 |
7 North America Electric Motors for Electric Vehicles Market, Overview & Analysis |
7.1 North America Electric Motors for Electric Vehicles Market Revenues & Volume, 2021 - 2031 |
7.2 North America Electric Motors for Electric Vehicles Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Electric Motors for Electric Vehicles Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
7.4 North America Electric Motors for Electric Vehicles Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Electric Motors for Electric Vehicles Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.6 North America Electric Motors for Electric Vehicles Market, Revenues & Volume, By Power Output, 2021 - 2031 |
7.7 North America Electric Motors for Electric Vehicles Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) Electric Motors for Electric Vehicles Market, Overview & Analysis |
8.1 Latin America (LATAM) Electric Motors for Electric Vehicles Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Electric Motors for Electric Vehicles Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Electric Motors for Electric Vehicles Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
8.4 Latin America (LATAM) Electric Motors for Electric Vehicles Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Electric Motors for Electric Vehicles Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.6 Latin America (LATAM) Electric Motors for Electric Vehicles Market, Revenues & Volume, By Power Output, 2021 - 2031 |
8.7 Latin America (LATAM) Electric Motors for Electric Vehicles Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia Electric Motors for Electric Vehicles Market, Overview & Analysis |
9.1 Asia Electric Motors for Electric Vehicles Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Electric Motors for Electric Vehicles Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Electric Motors for Electric Vehicles Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
9.4 Asia Electric Motors for Electric Vehicles Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Electric Motors for Electric Vehicles Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.6 Asia Electric Motors for Electric Vehicles Market, Revenues & Volume, By Power Output, 2021 - 2031 |
9.7 Asia Electric Motors for Electric Vehicles Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa Electric Motors for Electric Vehicles Market, Overview & Analysis |
10.1 Africa Electric Motors for Electric Vehicles Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Electric Motors for Electric Vehicles Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Electric Motors for Electric Vehicles Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
10.4 Africa Electric Motors for Electric Vehicles Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Electric Motors for Electric Vehicles Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.6 Africa Electric Motors for Electric Vehicles Market, Revenues & Volume, By Power Output, 2021 - 2031 |
10.7 Africa Electric Motors for Electric Vehicles Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe Electric Motors for Electric Vehicles Market, Overview & Analysis |
11.1 Europe Electric Motors for Electric Vehicles Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Electric Motors for Electric Vehicles Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Electric Motors for Electric Vehicles Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
11.4 Europe Electric Motors for Electric Vehicles Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Electric Motors for Electric Vehicles Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.6 Europe Electric Motors for Electric Vehicles Market, Revenues & Volume, By Power Output, 2021 - 2031 |
11.7 Europe Electric Motors for Electric Vehicles Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East Electric Motors for Electric Vehicles Market, Overview & Analysis |
12.1 Middle East Electric Motors for Electric Vehicles Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Electric Motors for Electric Vehicles Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Electric Motors for Electric Vehicles Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Electric Motors for Electric Vehicles Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
12.4 Middle East Electric Motors for Electric Vehicles Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Electric Motors for Electric Vehicles Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.6 Middle East Electric Motors for Electric Vehicles Market, Revenues & Volume, By Power Output, 2021 - 2031 |
12.7 Middle East Electric Motors for Electric Vehicles Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global Electric Motors for Electric Vehicles Market Key Performance Indicators |
14 Global Electric Motors for Electric Vehicles Market - Export/Import By Countries Assessment |
15 Global Electric Motors for Electric Vehicles Market - Opportunity Assessment |
15.1 Global Electric Motors for Electric Vehicles Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Electric Motors for Electric Vehicles Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
15.3 Global Electric Motors for Electric Vehicles Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Electric Motors for Electric Vehicles Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.5 Global Electric Motors for Electric Vehicles Market Opportunity Assessment, By Power Output, 2021 & 2031F |
15.6 Global Electric Motors for Electric Vehicles Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global Electric Motors for Electric Vehicles Market - Competitive Landscape |
16.1 Global Electric Motors for Electric Vehicles Market Revenue Share, By Companies, 2024 |
16.2 Global Electric Motors for Electric Vehicles Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |