Electric Motors for Electric Vehicle Market in Europe 2024-2028

Description

List of Tables

The electric motors for electric vehicle market in Europe is forecasted to grow by USD 127.91 bn during 2023-2028, accelerating at a CAGR of 13.78% during the forecast period. The report on the electric motors for electric vehicle market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for EVs in Europe, ongoing innovations in electric motor technology, and increasing investments from automotive manufacturers and technology companies for EVs.

Technavio's electric motors for electric vehicle market in Europe is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	13.23%
CAGR	13.78%
Incremental Value	$127.91bn

By Application

Passenger vehicle
Commercial vehicle

By Type

AC motor
DC motor

This study identifies the rise of sic inverters to increase efficiency of electric motors for EVs as one of the prime reasons driving the electric motors for electric vehicle market in Europe growth during the next few years. Also, growing emphasis on sustainability and recycling and integration of IoT technologies into electric motors will lead to sizable demand in the market.

The report on the electric motors for electric vehicle market in Europe covers the following areas:

Electric motors for electric vehicle market in Europe sizing
Electric motors for electric vehicle market in Europe forecast
Electric motors for electric vehicle market in Europe industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric motors for electric vehicle market in Europe vendors that include ABB Ltd., AMETEK Inc., Bayerische Motoren Werke AG, BorgWarner Inc., Continental AG, DENSO Corp., GEM motors d.o.o, Hitachi Ltd., Magna International Inc., Mitsubishi Electric Corp., Nidec Corp., Robert Bosch GmbH, Siemens AG, Tesla Inc., Toshiba Corp., Valeo SA, Ford Motor Co., General Motors Co., Renault SAS, and Volkswagen AG. Also, the electric motors for electric vehicle market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77596

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Electric motors market for electric vehicle in Europe 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments
6.2 Comparison by Application
6.3 Passenger vehicle - Market size and forecast 2023-2028
6.4 Commercial vehicle - Market size and forecast 2023-2028
6.5 Market opportunity by Application

7 Market Segmentation by Type

7.1 Market segments
7.2 Comparison by Type
7.3 AC motor - Market size and forecast 2023-2028
7.4 DC motor - Market size and forecast 2023-2028
7.5 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 Germany - Market size and forecast 2023-2028
9.4 UK - Market size and forecast 2023-2028
9.5 Italy - Market size and forecast 2023-2028
9.6 France - Market size and forecast 2023-2028
9.7 Rest of Europe - Market size and forecast 2023-2028
9.8 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Bayerische Motoren Werke AG
12.4 BorgWarner Inc.
12.5 Continental AG
12.6 DENSO Corp.
12.7 Ford Motor Co.
12.8 General Motors Co.
12.9 Hitachi Ltd.
12.10 Magna International Inc.
12.11 Mitsubishi Electric Corp.
12.12 Renault SAS
12.13 Robert Bosch GmbH
12.14 Siemens AG
12.15 Toshiba Corp.
12.16 Valeo SA
12.17 Volkswagen AG

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations