| Product Code: ETC5887803 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Iceland automotive traction motor market witnessed a steady increase in imports from 2020 to 2024, with a Compound Annual Growth Rate (CAGR) of 15.70%. In 2023-2024, there was a year-on-year growth rate of -21.59%, indicating a slight decline in imports compared to the previous year.

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 Iceland Automotive Traction Motor Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Automotive Traction Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Iceland Automotive Traction Motor Market - Industry Life Cycle |
3.4 Iceland Automotive Traction Motor Market - Porter's Five Forces |
3.5 Iceland Automotive Traction Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.6 Iceland Automotive Traction Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Iceland Automotive Traction Motor Market Revenues & Volume Share, By EV Type, 2021 & 2031F |
4 Iceland Automotive Traction Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Iceland |
4.2.2 Government incentives and policies promoting the adoption of electric vehicles |
4.2.3 Technological advancements in automotive traction motor technology |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles compared to traditional vehicles |
4.3.2 Limited availability of charging infrastructure in Iceland |
4.3.3 Concerns regarding range anxiety and battery performance |
5 Iceland Automotive Traction Motor Market Trends |
6 Iceland Automotive Traction Motor Market Segmentations |
6.1 Iceland Automotive Traction Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Automotive Traction Motor Market Revenues & Volume, By PMSM, 2021-2031F |
6.1.3 Iceland Automotive Traction Motor Market Revenues & Volume, By AC Induction, 2021-2031F |
6.2 Iceland Automotive Traction Motor Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Iceland Automotive Traction Motor Market Revenues & Volume, By AC, 2021-2031F |
6.2.3 Iceland Automotive Traction Motor Market Revenues & Volume, By DC, 2021-2031F |
6.3 Iceland Automotive Traction Motor Market, By EV Type |
6.3.1 Overview and Analysis |
6.3.2 Iceland Automotive Traction Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.3.3 Iceland Automotive Traction Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.3.4 Iceland Automotive Traction Motor Market Revenues & Volume, By PHEV, 2021-2031F |
7 Iceland Automotive Traction Motor Market Import-Export Trade Statistics |
7.1 Iceland Automotive Traction Motor Market Export to Major Countries |
7.2 Iceland Automotive Traction Motor Market Imports from Major Countries |
8 Iceland Automotive Traction Motor Market Key Performance Indicators |
8.1 Average charging station availability per capita in Iceland |
8.2 Percentage of electric vehicles in overall vehicle sales in Iceland |
8.3 Investment in research and development for automotive traction motor technology |
9 Iceland Automotive Traction Motor Market - Opportunity Assessment |
9.1 Iceland Automotive Traction Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.2 Iceland Automotive Traction Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Iceland Automotive Traction Motor Market Opportunity Assessment, By EV Type, 2021 & 2031F |
10 Iceland Automotive Traction Motor Market - Competitive Landscape |
10.1 Iceland Automotive Traction Motor Market Revenue Share, By Companies, 2024 |
10.2 Iceland Automotive Traction Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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