Electric Vehicle Motor Market Growth and Industry Forecast
- The global electric vehicle (EV) motor market size was valued at US$ 34.1 billion in 2025 and is projected to reach US$ 85.3 billion by 2032, growing with a CAGR of 15.2% between 2025 and 2032.
- The electric vehicle motor market is driven by increase in global demand for electric vehicles, spurred by environmental regulations and consumer preference for sustainable transportation.
Electric Vehicle Motor Market Trends & Insights
- Permanent magnet motors dominate the EV motor market with over 50% share in 2025, driven by their high efficiency and widespread use in passenger cars and light commercial vehicles.
- Switched reluctance motors are projected to be the fastest-growing motor type with a CAGR of 18% through 2032, owing to their rare-earth-free composition and adoption in 2-wheelers and 3-wheelers.
- Battery electric vehicles lead the drivetrain segment with a commanding 60% share in 2025, fueled by global decarbonization goals and full-electric adoption in urban mobility.
- Plug-in hybrid electric vehicles are the fastest-growing drivetrain segment, expected to expand at 17% CAGR, supported by demand in areas lacking robust charging infrastructure.
- Brushless direct current motors are gaining momentum in Asia Pacific, particularly in India and China, where their low cost and efficiency suit the booming two-wheeler and microcar markets.
- Medium and heavy commercial vehicles are creating opportunities for AC induction and wound rotor synchronous motors as governments invest in clean freight and public transport solutions.
- Asia Pacific is the leading regional market, accounting for 54% of global share in 2025, with strong government incentives and local manufacturing pushing demand across all vehicle categories.
A Look Back and a Look Forward - Comparative Analysis
The EV motor market experienced significant growth from 2019 to 2024, driven by rising EV adoption and technological advancements in motor efficiency. Despite disruptions caused by the COVID-19 pandemic, which temporarily halted production and supply chains, the market rebounded quickly due to government stimulus packages and increased focus on green recovery initiatives. By 2024, the market reached approximately US$ 29 billion, with Asia Pacific, particularly China, leading due to strong policy support and manufacturing capabilities. Innovations in permanent magnet and brushless DC motors further fueled growth, catering to diverse vehicle types such as passenger cars and two-wheelers.
The electric vehicle motor market is driven by stricter emission regulations, advancements in battery technology, and increasing consumer demand for electric vehicles across segments such as passenger cars and commercial vehicles. The Asia Pacific region will continue to dominate, with China and India leading due to large-scale EV production and government incentives. Emerging trends, such as the adoption of switched reluctance motors and the integration of AI in motor control systems, will further enhance market dynamics.
Key Growth Drivers
- Motor Innovations Boost Efficiency, Range, and Cost-Effectiveness in EVs
Innovations in motor technologies, such as permanent magnet and brushless DC motors, are key drivers. These motors offer higher efficiency, compact size, and improved torque, making them ideal for EVs. For example, PM motors achieve up to 95% efficiency, reducing energy loss and extending vehicle range. R&D investments by companies such as Bosch and Nidec have led to cost reductions, with motor production costs dropping by 15% from 2020 to 2024. Additionally, advancements in thermal management and AI-based motor control systems enhance performance, further driving adoption in passenger cars and commercial vehicles.
- Global EV Sales Surge Sparks Higher Motor Demand Across All Segments
Growing consumer awareness of environmental issues and rising fuel costs are accelerating EV adoption, fueling the EV motor market. Global EV sales reached 14 million units in 2024, a 35% increase from 2022, driven by demand for sustainable transportation. This surge directly increases the need for motors, particularly for passenger cars and two-wheelers. In markets such as India, two-wheeler EV sales grew by 25% annually, boosting demand for BLDC motors. Additionally, corporate fleet electrification, such as Amazon’s commitment to 100,000 electric vans by 2030, amplifies motor demand.
Key Growth Barriers
- High Motor Costs Limit EV Adoption in Price-Sensitive Markets
The high cost of advanced EV motors, such as permanent magnet and BLDC motors, poses a significant restraint. These motors rely on expensive rare-earth materials such as neodymium, which increase production costs by 20-30% compared to traditional motors. For instance, the cost of a PM motor for a passenger car can range from US$1,000 to US$2,000, limiting affordability in price-sensitive markets such as India and Southeast Asia. Small-scale manufacturers struggle to compete, as economies of scale are critical for cost reduction. While R&D aims to develop cost-effective alternatives, high initial investments remain a barrier, slowing growth in developing regions.
- Supply chain disruptions and tariffs increase electric motor manufacturing challenges
Supply chain disruptions, particularly for rare-earth materials and semiconductors, hinder the electric vehicle motor market. The reliance on China for over 80% of global neodymium supply creates vulnerabilities, as seen during the 2020-2021 semiconductor shortages, which delayed EV production by 10-15%. Geopolitical tensions and trade restrictions further exacerbate supply constraints, increasing motor production costs. For example, a 2023 tariff hike on Chinese exports raised material costs by 12% for Western manufacturers. These challenges limit scalability, particularly for high-demand segments such as passenger cars, restraining the growth potential despite strong demand.
Electric Vehicle Motor Market Trends and Opportunities
- Emerging markets offer growth through urbanization and government EV subsidies
Emerging markets such as India, Brazil, and Southeast Asia present significant opportunities for the electric vehicle motor industry due to rising urbanization and government support. India’s FAME II scheme, offering US$1.4 billion in subsidies, has boosted EV adoption, with two-wheeler sales. This creates demand for cost-effective BLDC and SRM motors tailored for two- and three-wheelers. Brazil’s ethanol-to-EV transition policies are driving demand for HEVs, increasing motor production for hybrid drivetrains. Local manufacturing incentives in these regions encourage companies such as Nidec to establish production facilities, reducing costs by 10-15%.
- Switched reluctance motors provide sustainable, rare-earth-free EV motor solutions
The push for sustainability opens opportunities through eco-friendly motor designs. Innovations such as the switched reluctance motor, which eliminate rare-earth materials, reduce environmental impact and production costs by 15-20%. Companies such as ABB are investing in recyclable motor components, aligning with global sustainability goals. For example, SRMs offer comparable efficiency to PM motors while being 10% cheaper, making them ideal for cost-sensitive markets. Advancements in motor recycling processes could recover 90% of materials, reducing reliance on volatile supply chains. The electric vehicle motor market can leverage these innovations to meet regulatory demands and consumer preferences, driving growth in segments such as passenger cars and buses through 2032.
Segment-Wise Trends & Analysis
- Permanent Magnet Motors Lead as SRMs Experience Rapid EV Growth
Permanent magnet Motors lead, holding over 50% market share in 2025 due to their high efficiency (up to 95%) and compact size, ideal for passenger cars and buses. Their dominance is driven by superior torque and energy savings, with companies such as Tesla and Bosch prioritizing PM motors. Switched reluctance motors are the fastest-growing segment, with a projected CAGR of 18% through 2032, due to their cost-effectiveness and lack of rare-earth materials. SRMs are gaining traction in two-wheelers and commercial vehicles, supported by innovations reducing noise and vibration.
- BEVs Dominate EV Motor Demand While PHEVs Witness Fastest Growth
Battery electric vehicles dominate the electric vehicle motor industry, accounting for 60% of demand in 2025, driven by zero-emission policies and consumer preference for fully electric vehicles. Their widespread adoption in passenger cars and buses fuels motor demand. Plug-in hybrid electric vehicles are the fastest-growing segment. Due to their flexibility in regions with limited charging infrastructure, such as rural Europe and India. PHEVs’ dual power systems increase demand for compact, efficient motors such as BLDC.
- Passenger Cars Lead EV Motor Market Two Wheelers Grow Fastest
Passenger cars lead the electric vehicle motor market, holding 55% market share in 2025, driven by high consumer demand and models such as Tesla’s Model 3 and BYD’s Han. Their scalability and urban adoption drive motor production. Two-Wheelers are the fastest-growing segment, fueled by demand in Asia Pacific, particularly India and China, where affordable EVs such as Ather’s scooters boost BLDC motor adoption. Urbanization and cost-effectiveness make two-wheelers a key growth driver.
Regional Analysis
- US Leads EV Motor Growth Backed by Tax Incentives Nationwide
The U.S. market is driven by federal tax credits and state-level EV mandates, with California leading adoption. In 2025, the U.S. accounts for 20% of the global market, with Tesla and GM scaling motor production for passenger cars and light commercial vehicles. Demand for PM motors is high due to their efficiency, supported by investments in domestic manufacturing, reducing reliance on Chinese imports.
- Rising EV Motor Demand in Europe Fueled by Emission Norms
Europe’s EV motor market is led by Germany and Norway, driven by stringent EU emission regulations and subsidies. Germany’s automotive giants such as Volkswagen prioritize PM and BLDC motors for BEVs, while Norway’s 90% EV market share boosts motor demand. The region holds 25% of the global market in 2025, with growth fueled by infrastructure investments.
- Asia Pacific Drives EV Motor Through Policy and Production Strength
Asia Pacific emerges as the leading region in the EV motor market, driven by robust policy support and manufacturing capabilities. China leads with its new energy vehicle (NEV) policies and holds over 50% of global EV sales, driving demand for permanent magnet and switched reluctance motors. Meanwhile, India's surge in electric two-wheelers boosts demand for brushless DC motors. The region is projected to account for half of the global market share by 2025.
Competitive Landscape
The electric vehicle (EV) motor market is characterized by intense competition among global players such as Bosch, Nidec Corporation, ABB, Mitsubishi Electric, and Siemens. These companies are heavily investing in R&D to develop high-efficiency and compact motors, often incorporating sustainable materials and advanced thermal management systems. Strategies like vertical integration—where manufacturers control both component supply and motor production—are gaining momentum to improve efficiency and reduce dependency on external suppliers.
Additionally, players are forming strategic partnerships with leading EV manufacturers to ensure long-term supply contracts and co-develop customized motor solutions. Many companies are also localizing production in key markets such as China, India, and Germany to reduce operational costs, meet local regulatory requirements, and mitigate supply chain disruptions. This competitive environment is driving continuous innovation, price optimization, and regional expansion to meet the rising global demand for electric mobility.
Key Companies
- Bosch Mobility Solutions
- Nidec Corporation
- ABB Co. Ltd.
- Johnson Electric Group
- Brose Fahrzeugteile SE & Co. KG
- Magna International Inc.
- Denso Corporation
- Siemens AG
- Mitsubishi Electric Corporation
- ZF Friedrichshafen AG
- Continental AG
- Valeo SA
- Hitachi Automotive Systems
- BorgWarner Inc.
- Schaeffler AG
Recent Industry Developments:
- In May 2025, Japanese motor-maker Nidec Traction has launched a high-capacity auto‑winding AC motor line at its 150,000 sq ft Mexico plant. It began in April, producing up to 100,000 units annually.
- June 2024, ABB has launched ABB Ability™ OPTIMAX® 6.4, upgraded with an AI forecasting module for load demand, energy generation, and pricing. It enhances coordinated asset control, cuts energy costs/emissions, and eases modular installs.
Global Electric Vehicle Motor Market Segmentation-
By Motor
- AC Induction Motor (ACIM)
- Permanent magnet (PM) Motors
- Rare Earth PM
- Rare Earth Free PM
- Brushless Direct Current Motors (BLDC)
- Switched Reluctance Motors (SRM)
- Wound Rotor Synchronous Motor (WRSM)
By Drivetrain
- Battery Electric Vehicle (BEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Hybrid Electric Vehicles (HEVs)
By Vehicle
- 2-Wheelers
- 3-Wheelers
- Passenger Cars
- Microcars
- Light Commercial
- Medium & Heavy Commercial
- Buses
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
1. Executive Summary
1.1. Global Electric Vehicle (EV) Motor Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2025
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. COVID-19 Impact Analysis
2.5. Porter's Fiver Forces Analysis
2.6. Impact of Russia-Ukraine Conflict
2.7. PESTLE Analysis
2.8. Regulatory Analysis
2.9. Price Trend Analysis
2.9.1. Current Prices and Future Projections, 2024-2032
2.9.2. Price Impact Factors
3. Global Electric Vehicle (EV) Motor Market Outlook 2019 - 2032
3.1. Global Electric Vehicle (EV) Motor Market Outlook, By Motor, Value (US$ Bn) & Volume (Units), 2019-2032
3.1.1. AC Induction Motor (ACIM)
3.1.2. Permanent magnet (PM) Motors
3.1.2.1. Rare Earth PM
3.1.2.2. Rare Earth Free PM
3.1.3. Brushless Direct Current Motors (BLDC)
3.1.4. Switched Reluctance Motors (SRM)
3.1.5. Wound Rotor Synchronous Motor (WRSM)
3.2. Global Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, Value (US$ Bn) & Volume (Units), 2019-2032
3.2.1. Battery Electric Vehicle (BEVs)
3.2.2. Plug-in Hybrid Electric Vehicles (PHEVs)
3.2.3. Hybrid Electric Vehicles (HEVs)
3.2.4. A4
3.3. Global Electric Vehicle (EV) Motor Market Outlook, By Vehicle, Value (US$ Bn) & Volume (Units), 2019-2032
3.3.1. 2-Wheelers
3.3.2. 3-Wheelers
3.3.3. Passenger Cars
3.3.4. Microcars
3.3.5. Light Commercial
3.3.6. Medium & Heavy Commercial
3.3.7. Buses
3.4. Global Electric Vehicle (EV) Motor Market Outlook by Region, Value (US$ Bn) & Volume (Units), 2019-2032
3.4.1. North America
3.4.2. Europe
3.4.3. Asia Pacific
3.4.4. Latin America
3.4.5. Middle East & Africa
4. North America Electric Vehicle (EV) Motor Market Outlook 2019 - 2032
4.1. North America Electric Vehicle (EV) Motor Market Outlook, By Motor, Value (US$ Bn) & Volume (Units), 2019-2032
4.1.1. AC Induction Motor (ACIM)
4.1.2. Permanent magnet (PM) Motors
4.1.2.1. Rare Earth PM
4.1.2.2. Rare Earth Free PM
4.1.3. Brushless Direct Current Motors (BLDC)
4.1.4. Switched Reluctance Motors (SRM)
4.1.5. Wound Rotor Synchronous Motor (WRSM)
4.2. North America Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, Value (US$ Bn) & Volume (Units), 2019-2032
4.2.1. Battery Electric Vehicle (BEVs)
4.2.2. Plug-in Hybrid Electric Vehicles (PHEVs)
4.2.3. Hybrid Electric Vehicles (HEVs)
4.2.4. A4
4.3. North America Electric Vehicle (EV) Motor Market Outlook, By Vehicle, Value (US$ Bn) & Volume (Units), 2019-2032
4.3.1. 2-Wheelers
4.3.2. 3-Wheelers
4.3.3. Passenger Cars
4.3.4. Microcars
4.3.5. Light Commercial
4.3.6. Medium & Heavy Commercial
4.3.7. Buses
4.4. North America Electric Vehicle (EV) Motor Market Outlook by Country, Value (US$ Bn) & Volume (Units), 2019-2032
4.4.1. U.S. Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
4.4.2. U.S. Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
4.4.3. U.S. Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
4.4.4. Canada Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
4.4.5. Canada Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
4.4.6. Canada Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
4.5. BPS Analysis/Market Attractiveness Analysis
5. Europe Electric Vehicle (EV) Motor Market Outlook 2019 - 2032
5.1. Europe Electric Vehicle (EV) Motor Market Outlook, By Motor, Value (US$ Bn) & Volume (Units), 2019-2032
5.1.1. AC Induction Motor (ACIM)
5.1.2. Permanent magnet (PM) Motors
5.1.2.1. Rare Earth PM
5.1.2.2. Rare Earth Free PM
5.1.3. Brushless Direct Current Motors (BLDC)
5.1.4. Switched Reluctance Motors (SRM)
5.1.5. Wound Rotor Synchronous Motor (WRSM)
5.2. Europe Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, Value (US$ Bn) & Volume (Units), 2019-2032
5.2.1. Battery Electric Vehicle (BEVs)
5.2.2. Plug-in Hybrid Electric Vehicles (PHEVs)
5.2.3. Hybrid Electric Vehicles (HEVs)
5.2.4. A4
5.3. Europe Electric Vehicle (EV) Motor Market Outlook, By Vehicle, Value (US$ Bn) & Volume (Units), 2019-2032
5.3.1. 2-Wheelers
5.3.2. 3-Wheelers
5.3.3. Passenger Cars
5.3.4. Microcars
5.3.5. Light Commercial
5.3.6. Medium & Heavy Commercial
5.3.7. Buses
5.4. Europe Electric Vehicle (EV) Motor Market Outlook by Country, Value (US$ Bn) & Volume (Units), 2019-2032
5.4.1. Germany Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
5.4.2. Germany Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
5.4.3. Germany Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
5.4.4. Italy Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
5.4.5. Italy Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
5.4.6. Italy Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
5.4.7. France Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
5.4.8. France Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
5.4.9. France Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
5.4.10. U.K. Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
5.4.11. U.K. Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
5.4.12. U.K. Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
5.4.13. Spain Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
5.4.14. Spain Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
5.4.15. Spain Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
5.4.16. Russia Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
5.4.17. Russia Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
5.4.18. Russia Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
5.4.19. Rest of Europe Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
5.4.20. Rest of Europe Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
5.4.21. Rest of Europe Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
5.5. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Electric Vehicle (EV) Motor Market Outlook 2019 - 2032
6.1. Asia Pacific Electric Vehicle (EV) Motor Market Outlook, By Motor, Value (US$ Bn) & Volume (Units), 2019-2032
6.1.1. AC Induction Motor (ACIM)
6.1.2. Permanent magnet (PM) Motors
6.1.2.1. Rare Earth PM
6.1.2.2. Rare Earth Free PM
6.1.3. Brushless Direct Current Motors (BLDC)
6.1.4. Switched Reluctance Motors (SRM)
6.1.5. Wound Rotor Synchronous Motor (WRSM)
6.2. Asia Pacific Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, Value (US$ Bn) & Volume (Units), 2019-2032
6.2.1. Battery Electric Vehicle (BEVs)
6.2.2. Plug-in Hybrid Electric Vehicles (PHEVs)
6.2.3. Hybrid Electric Vehicles (HEVs)
6.2.4. A4
6.3. Asia Pacific Electric Vehicle (EV) Motor Market Outlook, By Vehicle, Value (US$ Bn) & Volume (Units), 2019-2032
6.3.1. 2-Wheelers
6.3.2. 3-Wheelers
6.3.3. Passenger Cars
6.3.4. Microcars
6.3.5. Light Commercial
6.3.6. Medium & Heavy Commercial
6.3.7. Buses
6.4. Asia Pacific Electric Vehicle (EV) Motor Market Outlook by Country, Value (US$ Bn) & Volume (Units), 2019-2032
6.4.1. China Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
6.4.2. China Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
6.4.3. China Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
6.4.4. Japan Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
6.4.5. Japan Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
6.4.6. Japan Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
6.4.7. South Korea Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
6.4.8. South Korea Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
6.4.9. South Korea Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
6.4.10. India Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
6.4.11. India Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
6.4.12. India Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
6.4.13. Southeast Asia Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
6.4.14. Southeast Asia Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
6.4.15. Southeast Asia Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
6.4.16. Rest of SAO Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
6.4.17. Rest of SAO Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
6.4.18. Rest of SAO Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
6.5. BPS Analysis/Market Attractiveness Analysis
7. Latin America Electric Vehicle (EV) Motor Market Outlook 2019 - 2032
7.1. Latin America Electric Vehicle (EV) Motor Market Outlook, By Motor, Value (US$ Bn) & Volume (Units), 2019-2032
7.1.1. AC Induction Motor (ACIM)
7.1.2. Permanent magnet (PM) Motors
7.1.2.1. Rare Earth PM
7.1.2.2. Rare Earth Free PM
7.1.3. Brushless Direct Current Motors (BLDC)
7.1.4. Switched Reluctance Motors (SRM)
7.1.5. Wound Rotor Synchronous Motor (WRSM)
7.2. Latin America Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, Value (US$ Bn) & Volume (Units), 2019-2032
7.2.1. Battery Electric Vehicle (BEVs)
7.2.2. Plug-in Hybrid Electric Vehicles (PHEVs)
7.2.3. Hybrid Electric Vehicles (HEVs)
7.2.4. A4
7.3. Latin America Electric Vehicle (EV) Motor Market Outlook, By Vehicle, Value (US$ Bn) & Volume (Units), 2019-2032
7.3.1. 2-Wheelers
7.3.2. 3-Wheelers
7.3.3. Passenger Cars
7.3.4. Microcars
7.3.5. Light Commercial
7.3.6. Medium & Heavy Commercial
7.3.7. Buses
7.4. Latin America Electric Vehicle (EV) Motor Market Outlook by Country, Value (US$ Bn) & Volume (Units), 2019-2032
7.4.1. Brazil Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
7.4.2. Brazil Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
7.4.3. Brazil Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
7.4.4. Mexico Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
7.4.5. Mexico Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
7.4.6. Mexico Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
7.4.7. Argentina Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
7.4.8. Argentina Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
7.4.9. Argentina Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
7.4.10. Rest of LATAM Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
7.4.11. Rest of LATAM Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
7.4.12. Rest of LATAM Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
7.5. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Electric Vehicle (EV) Motor Market Outlook, 2019 - 2032
8.1. Middle East & Africa Electric Vehicle (EV) Motor Market Outlook, By Motor, Value (US$ Bn) & Volume (Units), 2019-2032
8.1.1. AC Induction Motor (ACIM)
8.1.2. Permanent magnet (PM) Motors
8.1.2.1. Rare Earth PM
8.1.2.2. Rare Earth Free PM
8.1.3. Brushless Direct Current Motors (BLDC)
8.1.4. Switched Reluctance Motors (SRM)
8.1.5. Wound Rotor Synchronous Motor (WRSM)
8.2. Middle East & Africa Electric Vehicle (EV) Motor Market Outlook, by By Drivetrain, Value (US$ Bn) & Volume (Units), 2019-2032
8.2.1. Battery Electric Vehicle (BEVs)
8.2.2. Plug-in Hybrid Electric Vehicles (PHEVs)
8.2.3. Hybrid Electric Vehicles (HEVs)
8.2.4. A4
8.3. Middle East & Africa Electric Vehicle (EV) Motor Market Outlook, By Vehicle, Value (US$ Bn) & Volume (Units), 2019-2032
8.3.1. 2-Wheelers
8.3.2. 3-Wheelers
8.3.3. Passenger Cars
8.3.4. Microcars
8.3.5. Light Commercial
8.3.6. Medium & Heavy Commercial
8.3.7. Buses
8.4. Middle East & Africa Electric Vehicle (EV) Motor Market Outlook, By Country, Value (US$ Bn) & Volume (Units), 2019-2032
8.4.1. GCC Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
8.4.2. GCC Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
8.4.3. GCC Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
8.4.4. South Africa Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
8.4.5. South Africa Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
8.4.6. South Africa Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
8.4.7. Egypt Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
8.4.8. Egypt Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
8.4.9. Egypt Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
8.4.10. Nigeria Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
8.4.11. Nigeria Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
8.4.12. Nigeria Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
8.4.13. Rest of Middle East Electric Vehicle (EV) Motor Market Outlook, By Motor, 2019-2032
8.4.14. Rest of Middle East Electric Vehicle (EV) Motor Market Outlook, By Drivetrain, 2019-2032
8.4.15. Rest of Middle East Electric Vehicle (EV) Motor Market Outlook, By Vehicle, 2019-2032
8.5. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Vs Segment Heatmap
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Bosch Mobility Solutions
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Developments
9.4.2. Nidec Corporation
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Developments
9.4.3. ABB Co. Ltd.
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Developments
9.4.4. Johnson Electric Group
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Developments
9.4.5. Brose Fahrzeugteile SE & Co. KG
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Developments
9.4.6. Magna International Inc.
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Developments
9.4.7. Denso Corporation
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Developments
9.4.8. Siemens AG
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Developments
9.4.9. Mitsubishi Electric Corporation
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Developments
9.4.10. ZF Friedrichshafen AG
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Developments
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations
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BASE YEAR |
HISTORICAL DATA |
FORECAST PERIOD |
UNITS |
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2024 |
 |
2019 - 2024 |
 |
2025 - 2032 |
Value: US$ Billion |
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REPORT FEATURES |
DETAILS |
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By Motor Coverage |
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By Drivetrain Coverage |
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By Vehicle Coverage |
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Geographical Coverage |
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Leading Companies |
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Report Highlights |
Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2024), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain) |
Quality assured
