| Product Code: ETC5887821 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives automotive traction motor import shipments in 2024 continued to see a high level of concentration, with top exporting countries being China, Sri Lanka, Japan, India, and Hong Kong. The market experienced a strong compound annual growth rate (CAGR) of 11.23% from 2020 to 2024. However, there was a significant decline in growth rate from 2023 to 2024, showing a decrease of -58.53%. This data highlights the competitive landscape and fluctuations in demand for automotive traction motors in Maldives.

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 Maldives Automotive Traction Motor Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Automotive Traction Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Automotive Traction Motor Market - Industry Life Cycle |
3.4 Maldives Automotive Traction Motor Market - Porter's Five Forces |
3.5 Maldives Automotive Traction Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.6 Maldives Automotive Traction Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Maldives Automotive Traction Motor Market Revenues & Volume Share, By EV Type, 2021 & 2031F |
4 Maldives Automotive Traction Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting the adoption of electric vehicles in the Maldives |
4.2.2 Growing awareness about environmental sustainability and reducing carbon footprint |
4.2.3 Increasing investments in infrastructure for electric vehicle charging stations |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles and traction motors |
4.3.2 Limited availability of skilled technicians for maintenance and repair of traction motors |
4.3.3 Lack of local manufacturing capabilities leading to dependency on imports |
5 Maldives Automotive Traction Motor Market Trends |
6 Maldives Automotive Traction Motor Market Segmentations |
6.1 Maldives Automotive Traction Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Automotive Traction Motor Market Revenues & Volume, By PMSM, 2021-2031F |
6.1.3 Maldives Automotive Traction Motor Market Revenues & Volume, By AC Induction, 2021-2031F |
6.2 Maldives Automotive Traction Motor Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives Automotive Traction Motor Market Revenues & Volume, By AC, 2021-2031F |
6.2.3 Maldives Automotive Traction Motor Market Revenues & Volume, By DC, 2021-2031F |
6.3 Maldives Automotive Traction Motor Market, By EV Type |
6.3.1 Overview and Analysis |
6.3.2 Maldives Automotive Traction Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.3.3 Maldives Automotive Traction Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.3.4 Maldives Automotive Traction Motor Market Revenues & Volume, By PHEV, 2021-2031F |
7 Maldives Automotive Traction Motor Market Import-Export Trade Statistics |
7.1 Maldives Automotive Traction Motor Market Export to Major Countries |
7.2 Maldives Automotive Traction Motor Market Imports from Major Countries |
8 Maldives Automotive Traction Motor Market Key Performance Indicators |
8.1 Average age of vehicles in the Maldives using traction motors |
8.2 Number of charging stations per capita |
8.3 Percentage of government budget allocated to sustainable transportation initiatives |
8.4 Average annual growth rate of electric vehicle registrations in the Maldives |
8.5 Number of training programs for technicians in electric vehicle maintenance offered in the Maldives |
9 Maldives Automotive Traction Motor Market - Opportunity Assessment |
9.1 Maldives Automotive Traction Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.2 Maldives Automotive Traction Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Maldives Automotive Traction Motor Market Opportunity Assessment, By EV Type, 2021 & 2031F |
10 Maldives Automotive Traction Motor Market - Competitive Landscape |
10.1 Maldives Automotive Traction Motor Market Revenue Share, By Companies, 2024 |
10.2 Maldives 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.
To discover high-growth global markets and optimize your business strategy:
Click Here