Global Automotive Traction Motor Market Size Study & Forecast, by Motor Type, Type, EV Type, Power Output, Vehicle Type and Regional Forecasts 2025-2035

Description

The Global Automotive Traction Motor Market is estimated to be valued at approximately USD 9.8 billion in 2024 and is poised to grow at a staggering CAGR of 22.80% during the forecast period from 2025 to 2035. With the global automotive industry undergoing a dramatic paradigm shift toward electrification, the demand for traction motors-the critical propulsion component in electric vehicles-is escalating with unprecedented intensity. These motors play an indispensable role in determining vehicle performance, energy efficiency, and driving range. As automakers move to electrify their fleets, from compact passenger cars to heavy-duty commercial trucks, traction motors are emerging as a cornerstone technology reshaping mobility.

Fueled by exponential growth in battery electric vehicles (BEVs), plug-in hybrids (PHEVs), and hybrid electric vehicles (HEVs), the market is witnessing a pronounced pivot toward advanced motor architectures such as Permanent Magnet Synchronous Motors (PMSM) and AC Induction types. Automotive OEMs are intensifying investments in compact, lightweight, and thermally efficient motor solutions that align with their zero-emission goals. The rise of DC and AC traction motor configurations is further accelerating adoption across diverse EV platforms. However, while traction motor development has opened doors to innovation, it has also brought forth challenges such as high rare-earth material costs and heat management constraints, particularly for motors delivering above 400 kW power output.

Regionally, Asia Pacific continues to dominate the traction motor landscape, led by China's aggressive EV mandates, technological leadership in battery manufacturing, and massive investments in domestic electric mobility infrastructure. India, South Korea, and Japan are also rapidly scaling production capacities to meet local and export demand. North America follows closely, driven by government EV subsidies, the U.S.'s Inflation Reduction Act, and rising adoption of electric pickup trucks and commercial EVs. Europe, underpinned by strong climate regulations and OEM electrification targets, is also contributing significantly to traction motor innovation, especially in PMSM adoption in premium EVs and commercial fleets.

Major market players included in this report are:

Robert Bosch GmbH
Nidec Corporation
Siemens AG
Magna International Inc.
Toshiba Corporation
Dana Incorporated
Continental AG
Mitsubishi Electric Corporation
American Axle & Manufacturing Inc.
Hitachi Astemo Ltd.
ZF Friedrichshafen AG
BorgWarner Inc.
Schaeffler AG
Denso Corporation
Hyundai Mobis Co., Ltd.

Global Automotive Traction Motor Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Motor Type:

Permanent Magnet Synchronous Motor (PMSM)
AC Induction Motor

By Type:

By EV Type:

Battery Electric Vehicles (BEV)
Hybrid Electric Vehicles (HEV)
Plug-in Hybrid Electric Vehicles (PHEV)

By Power Output:

Less than 200 KW
200-400 KW
Above 400 KW

By Vehicle Type:

Passenger Cars
Pick-up Trucks
Trucks
Buses & Vans

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Automotive Traction Motor Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Automotive Traction Motor Market Forces Analysis

3.1. Market Forces Shaping the Global Automotive Traction Motor Market (2024-2035)
3.2. Drivers
- 3.2.1. Stringent EV Emission Mandates and Electrification Targets
- 3.2.2. Advances in Motor Architectures (PMSM, AC Induction)
3.3. Restraints
- 3.3.1. High Rare-Earth Material Costs
- 3.3.2. Thermal Management and Packaging Constraints at High Power Outputs
3.4. Opportunities
- 3.4.1. Electrification of Commercial Fleets and Heavy-Duty Vehicles
- 3.4.2. Integration of Traction Motors with Inverter and Thermal Systems

Chapter 4. Global Automotive Traction Motor Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's Five Forces Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Traction Motor Market Size & Forecasts by Motor Type, 2025-2035

5.1. Market Overview
5.2. Permanent Magnet Synchronous Motor (PMSM)
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis by Region, 2025-2035
5.3. AC Induction Motor
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis by Region, 2025-2035

Chapter 6. Global Automotive Traction Motor Market Size & Forecasts by Type & EV Type, 2025-2035

6.1. Market Overview
6.2. AC vs. DC Motors
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis by Region, 2025-2035
6.3. Battery Electric Vehicles (BEV)
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis by Region, 2025-2035
6.4. Hybrid Electric Vehicles (HEV) & Plug-in Hybrid Electric Vehicles (PHEV)
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis by Region, 2025-2035

Chapter 7. Global Automotive Traction Motor Market Size & Forecasts by Power Output & Vehicle Type, 2025-2035

7.1. Market Snapshot by Power Output Segment
- 7.1.1. Less than 200 kW
- 7.1.2. 200-400 kW
- 7.1.3. Above 400 kW
7.2. Market Snapshot by Vehicle Type
- 7.2.1. Passenger Cars
- 7.2.2. Pick-up Trucks
- 7.2.3. Trucks
- 7.2.4. Buses & Vans

Chapter 8. Global Automotive Traction Motor Market Size & Forecasts by Region, 2025-2035

8.1. Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Traction Motor Market
- 8.3.1. U.S. Traction Motor Market
  - 8.3.1.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.3.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.3.2. Canada Traction Motor Market
  - 8.3.2.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.3.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
8.4. Europe Traction Motor Market
- 8.4.1. UK Traction Motor Market
  - 8.4.1.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.4.2. Germany Traction Motor Market
  - 8.4.2.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.4.3. France Traction Motor Market
  - 8.4.3.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.4.4. Spain Traction Motor Market
  - 8.4.4.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.4.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.4.5. Italy Traction Motor Market
  - 8.4.5.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.5.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.4.6. Rest of Europe Traction Motor Market
  - 8.4.6.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.6.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
8.5. Asia Pacific Traction Motor Market
- 8.5.1. China Traction Motor Market
  - 8.5.1.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.5.2. India Traction Motor Market
  - 8.5.2.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.5.3. Japan Traction Motor Market
  - 8.5.3.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.5.4. Australia Traction Motor Market
  - 8.5.4.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.4.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.5.5. South Korea Traction Motor Market
  - 8.5.5.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.5.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.5.6. Rest of Asia Pacific Traction Motor Market
  - 8.5.6.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.6.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
8.6. Latin America Traction Motor Market
- 8.6.1. Brazil Traction Motor Market
  - 8.6.1.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.6.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.6.2. Mexico Traction Motor Market
  - 8.6.2.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.6.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
8.7. Middle East & Africa Traction Motor Market
- 8.7.1. UAE Traction Motor Market
  - 8.7.1.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.7.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.7.2. Saudi Arabia Traction Motor Market
  - 8.7.2.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.7.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 8.7.3. South Africa Traction Motor Market
  - 8.7.3.1. Motor Type Breakdown Size & Forecasts, 2025-2035
  - 8.7.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Robert Bosch GmbH
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Portfolio
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Nidec Corporation
9.4. Siemens AG
9.5. Magna International Inc.
9.6. Dana Incorporated
9.7. Toshiba Corporation
9.8. Continental AG
9.9. Mitsubishi Electric Corporation
9.10. American Axle & Manufacturing Inc.
9.11. Hitachi Astemo Ltd.
9.12. ZF Friedrichshafen AG
9.13. BorgWarner Inc.
9.14. Schaeffler AG
9.15. Denso Corporation