Thailand Automotive Traction Motor Market (2025-2031) Outlook | Forecast, Growth, Industry, Revenue, Trends, Size, Share, Value, Analysis & Companies
Market Forecast By Motor Type (PMSM, AC Induction), By Type (AC, DC), By EV Type (BEV, HEV, PHEV) And Competitive Landscape
| Product Code: ETC4573766 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Thailand Automotive Traction Motor Market Synopsis
The Thailand Automotive Traction Motor Market is benefiting from the increasing adoption of electric vehicles. Traction motors are essential for EV propulsion, and this market focuses on their manufacturing, development, and integration into electric drivetrains.
Drivers of the Market
The Thailand Automotive Traction Motor Market is witnessing substantial growth as electric and hybrid vehicles become more prevalent. Traction motors are critical components of electric drivetrains, providing the necessary power for vehicle propulsion. The market expansion is driven by Thailand commitment to electric mobility, promoting hybrid and electric vehicles, and investing in advanced traction motor technologies to meet the increasing demand for electrified transportation.
Challenges of the Market
The Thailand Automotive Traction Motor Market encounters challenges related to optimizing the efficiency and performance of traction motors in electric and hybrid vehicles. Overcoming limitations such as heat generation, energy loss, and weight is crucial for maximizing the range and overall efficiency of electric vehicles. Additionally, addressing concerns related to the environmental impact of manufacturing traction motors poses challenges that require sustainable and eco-friendly solutions.
COVID-19 Impact on the Market
The Thailand Automotive Traction Motor Market faced disruptions during the COVID-19 pandemic, impacting the manufacturing and integration of traction motors in electric and hybrid vehicles. However, as the electric vehicle market expands, and automakers focus on electrification strategies, the market is expected to recover. The focus on automotive traction motors for tasks such as electric propulsion, energy efficiency, and reduced emissions positions the market as a key player in the shift towards electric and hybrid mobility. The market recovery aligns with the automotive industry commitment to advancing electric propulsion technologies that contribute to a greener and more sustainable transportation future.
Key Players in the Market
The Thailand Automotive Traction Motor Market is experiencing growth, with key players such as ABB Ltd., Siemens AG, and Nidec Corporation actively participating. ABB Ltd., a major contributor, specializes in providing traction motors for electric and hybrid vehicles, contributing to the electrification of the automotive industry. Their advanced motor technologies position ABB as a key player in the automotive traction motor market in Thailand, supporting the adoption of electric propulsion systems.
Key Highlights of the Report:
- Thailand Automotive Traction Motor Market Outlook
- Market Size of Thailand Automotive Traction Motor Market, 2024
- Forecast of Thailand Automotive Traction Motor Market, 2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Revenues & Volume for the Period 2021-2031
- Thailand Automotive Traction Motor Market Trend Evolution
- Thailand Automotive Traction Motor Market Drivers and Challenges
- Thailand Automotive Traction Motor Price Trends
- Thailand Automotive Traction Motor Porter's Five Forces
- Thailand Automotive Traction Motor Industry Life Cycle
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By Motor Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By PMSM for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By AC Induction for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By AC for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By DC for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By EV Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By BEV for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By HEV for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Traction Motor Market Revenues & Volume By PHEV for the Period 2021-2031
- Thailand Automotive Traction Motor Import Export Trade Statistics
- Market Opportunity Assessment By Motor Type
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By EV Type
- Thailand Automotive Traction Motor Top Companies Market Share
- Thailand Automotive Traction Motor Competitive Benchmarking By Technical and Operational Parameters
- Thailand Automotive Traction Motor Company Profiles
- Thailand Automotive Traction Motor Key Strategic Recommendations
What are the new business and investment opportunities in the Thailand automotive traction motor market?
With the increasing demand for electric vehicles (EVs) in Thailand, there are significant opportunities for companies like Nissan, which recently announced plans to manufacture electric vehicles in the country, to invest in producing traction motors locally to cater to the growing market.
The increasing adoption of electric vehicles (EVs) by companies like Nissan, which produces the Nissan Leaf, and BMW, with models like the BMW i3, is driving the demand for automotive traction motors in Thailand. Additionally, government initiatives promoting EV adoption, such as Thailand's electric vehicle promotion policy, are further fueling market growth.
The Thailand automotive traction motor market is expected to witness significant growth in the coming years driven by the increasing adoption of electric vehicles by major automakers such as Nissan, Toyota, and BMW in the country. This growth is further fueled by government initiatives to promote electric vehicle adoption, such as the Thailand EV Roadmap and incentives for EV manufacturing by companies like Tesla.
The future outlook of the Thailand automotive traction motor market is heavily influenced by the increasing adoption of electric vehicles (EVs) by major automakers like Nissan, Toyota, and BMW, as well as the government's initiatives to promote sustainable transportation solutions. This shift towards EVs is driving the demand for advanced traction motors that offer higher efficiency and improved performance, indicating a promising trajectory for the market in the long term.
Customers in the Thailand automotive traction motor market are increasingly showing a preference for electric vehicles (EVs) due to rising awareness of environmental issues and government incentives for EV adoption. For example, companies like Nissan and Tesla have seen growing interest in their electric models such as the Nissan Leaf and Tesla Model 3. Additionally, customers are valuing features like energy efficiency, performance, and range when choosing traction motors for their vehicles. This shift in customer preferences is driving manufacturers to innovate and develop more advanced traction motor technologies to meet the evolving needs of the market.
6Wresearch actively monitors the Thailand Automotive Traction Motor Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Automotive Traction Motor Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Thailand Automotive Traction Motor Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Automotive Traction Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Automotive Traction Motor Market - Industry Life Cycle |
3.4 Thailand Automotive Traction Motor Market - Porter's Five Forces |
3.5 Thailand Automotive Traction Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.6 Thailand Automotive Traction Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Thailand Automotive Traction Motor Market Revenues & Volume Share, By EV Type, 2021 & 2031F |
4 Thailand Automotive Traction Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting electric vehicles adoption |
4.2.2 Increasing demand for energy-efficient vehicles |
4.2.3 Growing focus on reducing carbon emissions in the automotive sector |
4.3 Market Restraints |
4.3.1 High initial costs associated with electric vehicles |
4.3.2 Lack of charging infrastructure |
4.3.3 Limited range of electric vehicles compared to traditional vehicles |
5 Thailand Automotive Traction Motor Market Trends |
6 Thailand Automotive Traction Motor Market, By Types |
6.1 Thailand Automotive Traction Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Automotive Traction Motor Market Revenues & Volume, By Motor Type, 2021-2031F |
6.1.3 Thailand Automotive Traction Motor Market Revenues & Volume, By PMSM, 2021-2031F |
6.1.4 Thailand Automotive Traction Motor Market Revenues & Volume, By AC Induction, 2021-2031F |
6.2 Thailand Automotive Traction Motor Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Automotive Traction Motor Market Revenues & Volume, By AC, 2021-2031F |
6.2.3 Thailand Automotive Traction Motor Market Revenues & Volume, By DC, 2021-2031F |
6.3 Thailand Automotive Traction Motor Market, By EV Type |
6.3.1 Overview and Analysis |
6.3.2 Thailand Automotive Traction Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.3.3 Thailand Automotive Traction Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.3.4 Thailand Automotive Traction Motor Market Revenues & Volume, By PHEV, 2021-2031F |
7 Thailand Automotive Traction Motor Market Import-Export Trade Statistics |
7.1 Thailand Automotive Traction Motor Market Export to Major Countries |
7.2 Thailand Automotive Traction Motor Market Imports from Major Countries |
8 Thailand Automotive Traction Motor Market Key Performance Indicators |
8.1 Number of charging stations installed across Thailand |
8.2 Average battery range of electric vehicles in the market |
8.3 Percentage of electric vehicles in the total automotive market in Thailand |
9 Thailand Automotive Traction Motor Market - Opportunity Assessment |
9.1 Thailand Automotive Traction Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.2 Thailand Automotive Traction Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Thailand Automotive Traction Motor Market Opportunity Assessment, By EV Type, 2021 & 2031F |
10 Thailand Automotive Traction Motor Market - Competitive Landscape |
10.1 Thailand Automotive Traction Motor Market Revenue Share, By Companies, 2024 |
10.2 Thailand Automotive Traction Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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