PUBLISHER: TechNavio | PRODUCT CODE: 1189237
PUBLISHER: TechNavio | PRODUCT CODE: 1189237
Global Electric Vehicle Motor Market 2023-2027
Technavio has been monitoring the electric vehicle motor market and is forecast to grow by $14,492.96 mn during 2022-2027, accelerating at a CAGR of 20.87% during the forecast period. Our report on the electric vehicle motor market 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 increasing sales of EVs, declining prices of lithium-ion batteries, and increasing average miles driven by EVs on a single charge.
Technavio's electric vehicle motor market is segmented as below:
By Power Rating
By Type
By Geographical Landscape
This study identifies the battery performance overview from logs as one of the prime reasons driving the electric vehicle motor market growth during the next few years. Also, the growing trend of multi-speed transmission in EVs and automakers involved in production of in-house electric motors will lead to sizable demand in the market.
Technavio's 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 vehicle motor market vendors that include ABB Ltd., Allied Motion Technologies Inc., AMETEK Inc., Continental AG, DENSO Corp., e Gle Co. Ltd., ECOmove GmbH, Ford Motor Co., GEM motors d.o.o, Hitachi Ltd., Magna International Inc., Metric Mind Engineering, Mitsubishi Electric Corp., Nidec Corp., Nissan Motor Co. Ltd., Robert Bosch GmbH, Siemens AG, Toshiba Corp., Valeo SA, and Volkswagen AG. Also, the electric vehicle motor market 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.
Exhibits: