Automotive Traction Motor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Automotive Traction Motor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Report Description

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An automotive traction motor is generally used in electric vehicles and full hybrid vehicles for the propulsion of the vehicle on pure electric power. The traction motor is considered as the heart of electric and hybrid vehicles. An automotive traction motor can also act as a generator; however, in motor mode, it converts electric energy from the battery into mechanical energy, and in generator mode, it converts mechanical energy into electrical energy such that the kinetic energy released during deceleration of the vehicle is converted into electrical energy and is utilized to charge the battery.

Increasing concerns toward the environment and support of governments for the production and purchase of electric and hybrid vehicles are expected to drive the of the automotive traction motor market at significant pace. The development of substitutes is likely to be a key restraint for the automotive traction motor market.

The automotive traction motor market can be segmented based on presence of the brush, connection type, operating current, vehicle type, and region.

Based on type of connection, the automotive traction motor market can be segregated into series connection and parallel connection. The series connection of the motors is applied for slow operation and heavy loads, it provides higher torque at low speed. Parallel connection is utilized when the desired speed is higher, as the parallel connection provides higher voltage at each motor and hence, allows higher speeds.

In terms of operating current, the automotive traction motor market can be classified into AC operated traction motor and DC operated traction motor. AC operated traction motor is generally utilized in locomotives and is generally not employed in automobiles due to its fixed speed characteristics; however an AC operated motor has a simple construction and requires less maintenance and requires less maintenance. DC operated traction motors employ direct current for their operation. DC operated traction motors require higher maintenance and comparatively and have a robust construction.

Based on type of vehicle, the automotive traction motor market can be segregated into passenger vehicles and commercial vehicles. The passenger vehicles segment can be further sub-segmented into hatchbacks, sedans, and multi utility vehicles, where hatchbacks and sedans are lighter than multi utility vehicles. The commercial vehicles segment can be further split into light commercial vehicles, heavy commercial vehicles, and buses & coaches.

In terms of region, the automotive traction motor market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The global automotive traction motor market is estimated to expand at a prominent growth during the forecast period. Asia is a significant market for automotive traction motors, followed by Europe. The market is expected to expand in all the regions at a high growth rate due to the increasing focus of the global automotive industry toward electric vehicles.

Key players operating in the global automotive traction motor market include Robert Bosch GmbH, Aisin, Continental AG, Magna International, Magnetic Systems Technology, dSPACE GmbH, SKF, Zytek Group Limited, MAGicALL, Inc., and MITSUBISHI ELECTRIC CORPORATION.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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