Product Code: ETC13271069 | 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 IC Engine Vehicle Market was valued at USD 19.8 Billion in 2024 and is expected to reach USD 27.5 Billion by 2031, growing at a compound annual growth rate of 6.50% during the forecast period (2025-2031).
The Global Electric Motors for IC Engine Vehicle Market is experiencing rapid growth due to increasing emphasis on sustainable transportation solutions and government initiatives promoting electric vehicles. Electric motors are being increasingly integrated into internal combustion engine (IC) vehicles to enhance efficiency and reduce emissions. The market is driven by advancements in electric motor technology, such as improved power density and energy efficiency. Key players in the market are focusing on research and development to innovate new electric motor solutions for IC engine vehicles. Asia-Pacific region is expected to dominate the market due to the presence of major automotive manufacturers and government support for electric vehicle adoption. Overall, the Global Electric Motors for IC Engine Vehicle Market is poised for significant expansion in the coming years as the automotive industry continues to shift towards electrification.
The global electric motors for IC engine vehicle market is experiencing significant growth driven by the increasing focus on reducing carbon emissions and transitioning towards electric vehicles. Key trends include the adoption of electric motors in hybrid vehicles to improve fuel efficiency, advancements in motor technology leading to higher efficiency and performance, and the integration of electric motors in various automotive applications. Opportunities in this market lie in the development of more affordable and energy-efficient electric motors, expanding partnerships between automotive manufacturers and electric motor suppliers, and the growing demand for electric vehicles in emerging markets. Overall, the market for electric motors in IC engine vehicles is poised for continued growth as the automotive industry shifts towards more sustainable and environmentally-friendly transportation solutions.
One of the key challenges in the Global Electric Motors for IC Engine Vehicle Market is the high initial cost associated with electric motors compared to traditional internal combustion engine vehicles. This cost barrier can deter consumers from making the switch to electric vehicles, despite the long-term cost savings on fuel and maintenance. Additionally, the lack of widespread charging infrastructure remains a challenge, limiting the adoption of electric vehicles in certain regions. Technical limitations such as battery range and charging time also pose challenges in fully replacing IC engine vehicles with electric motors. Manufacturers and policymakers need to address these challenges through innovation, investment in infrastructure, and supportive policies to accelerate the transition to electric vehicles and drive market growth.
The Global Electric Motors for IC Engine Vehicle Market is primarily driven by the increasing focus on reducing carbon emissions and transitioning towards electric mobility solutions. Government regulations promoting the adoption of electric vehicles, along with the growing awareness of environmental concerns, are key drivers of this market. Additionally, advancements in electric motor technology, such as improved efficiency and performance, are encouraging automotive manufacturers to integrate electric motors into their internal combustion engine vehicles. The rising demand for electric vehicles and the push towards sustainable transportation solutions are further fueling the growth of the market for electric motors in IC engine vehicles.
Government policies related to the Global Electric Motors for IC Engine Vehicle Market include incentives and subsidies to promote the adoption of electric vehicles, stricter emissions regulations for traditional internal combustion engine vehicles, and investments in charging infrastructure. Many countries have set targets to phase out the production and sale of fossil fuel-powered vehicles in favor of electric vehicles to reduce greenhouse gas emissions and combat climate change. Additionally, governments are implementing measures to support the development of advanced electric motor technologies and battery storage solutions to enhance the efficiency and performance of electric vehicles. The overall shift toward electric mobility is driving policy changes globally to accelerate the transition to a more sustainable transportation sector.
The Global Electric Motors for IC Engine Vehicle Market is poised for significant growth in the coming years as the automotive industry continues to shift towards electric and hybrid vehicles to meet stringent emissions regulations and address environmental concerns. Factors such as government incentives, technological advancements in electric motor efficiency, and increasing consumer demand for sustainable transportation options are driving the market expansion. Additionally, the growing trend of automakers investing heavily in electric vehicle development further propels the market growth. With a focus on reducing greenhouse gas emissions and promoting clean energy solutions, the Global Electric Motors for IC Engine Vehicle Market is anticipated to experience robust growth and innovation in the foreseeable future.
In the Global Electric Motors for IC Engine Vehicle Market, Asia is projected to lead the way in terms of market growth due to the increasing adoption of electric vehicles in countries like China, Japan, and South Korea driven by government incentives and environmental regulations. North America is also a key region with a growing focus on sustainable transportation, particularly in the United States and Canada. Europe is another significant market, with countries such as Germany and the UK investing heavily in electric vehicle infrastructure. The Middle East and Africa region is expected to witness steady growth as well, driven by the rising awareness of the benefits of electric vehicles. Latin America is also showing potential, especially in countries like Brazil and Mexico, where efforts are being made to reduce carbon emissions and promote electric mobility.
Global Electric Motors for IC Engine Vehicle 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 IC Engine Vehicle Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Electric Motors for IC Engine Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Global Electric Motors for IC Engine Vehicle Market - Industry Life Cycle |
3.4 Global Electric Motors for IC Engine Vehicle Market - Porter's Five Forces |
3.5 Global Electric Motors for IC Engine Vehicle Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Electric Motors for IC Engine Vehicle Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Global Electric Motors for IC Engine Vehicle Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.8 Global Electric Motors for IC Engine Vehicle Market Revenues & Volume Share, By Supply Type, 2021 & 2031F |
3.9 Global Electric Motors for IC Engine Vehicle Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 Global Electric Motors for IC Engine Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Electric Motors for IC Engine Vehicle Market Trends |
6 Global Electric Motors for IC Engine Vehicle Market, 2021 - 2031 |
6.1 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Passenger Cars, 2021 - 2031 |
6.1.3 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.2 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By AC Motor, 2021 - 2031 |
6.2.3 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By DC Motor, 2021 - 2031 |
6.3 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Supply Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Below 24 V, 2021 - 2031 |
6.3.3 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By 48 V and Above, 2021 - 2031 |
6.4 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Application Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By ABS Motor, 2021 - 2031 |
6.4.3 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Door Lock Motor, 2021 - 2031 |
6.4.4 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Electric Power Steering Brushed Motor, 2021 - 2031 |
6.4.5 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Electric Power Steering Brushless Motor, 2021 - 2031 |
6.4.6 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Handbrake Motor, 2021 - 2031 |
6.4.7 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Oil Pump Motor, 2021 - 2031 |
6.4.8 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Power Lift Gate Motor, 2021 - 2031 |
6.4.9 Global Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Power Window Motor, 2021 - 2031 |
7 North America Electric Motors for IC Engine Vehicle Market, Overview & Analysis |
7.1 North America Electric Motors for IC Engine Vehicle Market Revenues & Volume, 2021 - 2031 |
7.2 North America Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.4 North America Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
7.5 North America Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Supply Type, 2021 - 2031 |
7.6 North America Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Application Type, 2021 - 2031 |
8 Latin America (LATAM) Electric Motors for IC Engine Vehicle Market, Overview & Analysis |
8.1 Latin America (LATAM) Electric Motors for IC Engine Vehicle Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.4 Latin America (LATAM) Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
8.5 Latin America (LATAM) Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Supply Type, 2021 - 2031 |
8.6 Latin America (LATAM) Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Application Type, 2021 - 2031 |
9 Asia Electric Motors for IC Engine Vehicle Market, Overview & Analysis |
9.1 Asia Electric Motors for IC Engine Vehicle Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.4 Asia Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
9.5 Asia Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Supply Type, 2021 - 2031 |
9.6 Asia Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Application Type, 2021 - 2031 |
10 Africa Electric Motors for IC Engine Vehicle Market, Overview & Analysis |
10.1 Africa Electric Motors for IC Engine Vehicle Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.4 Africa Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
10.5 Africa Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Supply Type, 2021 - 2031 |
10.6 Africa Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Application Type, 2021 - 2031 |
11 Europe Electric Motors for IC Engine Vehicle Market, Overview & Analysis |
11.1 Europe Electric Motors for IC Engine Vehicle Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.4 Europe Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
11.5 Europe Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Supply Type, 2021 - 2031 |
11.6 Europe Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Application Type, 2021 - 2031 |
12 Middle East Electric Motors for IC Engine Vehicle Market, Overview & Analysis |
12.1 Middle East Electric Motors for IC Engine Vehicle Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Electric Motors for IC Engine Vehicle Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.4 Middle East Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
12.5 Middle East Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Supply Type, 2021 - 2031 |
12.6 Middle East Electric Motors for IC Engine Vehicle Market, Revenues & Volume, By Application Type, 2021 - 2031 |
13 Global Electric Motors for IC Engine Vehicle Market Key Performance Indicators |
14 Global Electric Motors for IC Engine Vehicle Market - Export/Import By Countries Assessment |
15 Global Electric Motors for IC Engine Vehicle Market - Opportunity Assessment |
15.1 Global Electric Motors for IC Engine Vehicle Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Electric Motors for IC Engine Vehicle Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.3 Global Electric Motors for IC Engine Vehicle Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
15.4 Global Electric Motors for IC Engine Vehicle Market Opportunity Assessment, By Supply Type, 2021 & 2031F |
15.5 Global Electric Motors for IC Engine Vehicle Market Opportunity Assessment, By Application Type, 2021 & 2031F |
16 Global Electric Motors for IC Engine Vehicle Market - Competitive Landscape |
16.1 Global Electric Motors for IC Engine Vehicle Market Revenue Share, By Companies, 2024 |
16.2 Global Electric Motors for IC Engine Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |