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PUBLISHER: Lucintel | PRODUCT CODE: 1833781

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PUBLISHER: Lucintel | PRODUCT CODE: 1833781

Electric Vehicle Drive Motor Market Report: Trends, Forecast and Competitive Analysis to 2031

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The future of the global electric vehicle drive motor market looks promising with opportunities in the battery electric vehicle and plug-in hybrid electric vehicle markets. The global electric vehicle drive motor market is expected to grow with a CAGR of 15.1% from 2025 to 2031. The major drivers for this market are the increasing adoption of electric mobility solutions, the rising government support for clean transportation, and the growing demand for high-efficiency drive systems.

  • Lucintel forecasts that, within the type category, asynchronous motor is expected to witness higher growth over the forecast period.
  • Within the application category, battery electric vehicle is expected to witness higher growth.
  • In terms of region, APAC is expected to witness the highest growth over the forecast period.

Emerging Trends in the Electric Vehicle Drive Motor Market

The electric vehicle drive motor market is at the forefront of automotive innovation, with emerging trends profoundly influencing design, manufacturing, and performance. These developments are geared towards enhancing efficiency, reducing environmental impact, and lowering production costs, thus accelerating the global transition to electric mobility.

  • Integration of Drive Components: The trend towards integrating the motor, inverter, and gearbox into a single, compact electric drive unit (E-Axle) is gaining momentum. This integration reduces weight, improves efficiency, simplifies vehicle assembly, and optimizes packaging space, leading to better overall vehicle performance and design flexibility.
  • Shift Towards Rare-Earth Free Motors: With concerns over the supply chain and environmental impact of rare-earth metals, there's a growing trend to develop electric motors that reduce or eliminate their reliance on these materials. Technologies like switched reluctance motors (SRMs) and asynchronous induction motors (IMs) are being explored and refined as viable alternatives.
  • Higher Voltage Systems: The adoption of 800V architectures in EVs is an emerging trend, allowing for faster charging times, reduced current losses, and more efficient power delivery to the drive motor. This enables higher performance, better thermal management, and potentially smaller, lighter components for next-generation EVs.
  • Advanced Thermal Management Systems: As drive motors become more powerful and compact, efficient thermal management is crucial. Developments include advanced cooling techniques, innovative materials with higher thermal conductivity, and integrated cooling circuits to ensure optimal operating temperatures, prevent overheating, and extend motor lifespan and performance.
  • Software-Defined Motors and Predictive Maintenance: The rise of software-defined vehicles is extending to drive motors, allowing for over-the-air updates to optimize motor performance characteristics. Additionally, predictive maintenance, leveraging sensor data and AI, is becoming a trend to anticipate motor failures, optimize maintenance schedules, and reduce downtime.

These trends are reshaping the electric vehicle drive motor market by fostering a new generation of motors that are more integrated, sustainable, efficient, and technologically advanced. This transformation is crucial for meeting the evolving demands of the global EV industry and accelerating its growth.

Recent Developments in the Electric Vehicle Drive Motor Market

The electric vehicle drive motor market is experiencing dynamic advancements driven by the escalating global demand for EVs and continuous technological innovation. These developments are not only improving performance but also addressing critical industry challenges such as cost, efficiency, and sustainability.

  • Development of Integrated Electric Drive Units: A significant development is the increasing focus on EDUs, which combine the electric motor, power electronics (inverter), and transmission into a single, compact module. This reduces complexity, weight, and manufacturing costs, enhancing overall EV efficiency and packaging.
  • Advancements in Permanent Magnet Synchronous Motors: PMSMs continue to dominate due to their high efficiency and power density. Recent developments focus on optimizing magnet usage, improving cooling, and enhancing manufacturing precision to push the boundaries of performance and extend range while maintaining reliability.
  • Research into Non-Rare Earth Motors: Driven by geopolitical and supply chain concerns regarding rare-earth magnets, there's intensified research and development into alternative motor technologies like synchronous reluctance motors and advanced induction motors that require fewer or no rare-earth materials, aiming for more sustainable solutions.
  • Implementation of Silicon Carbide Inverters: The integration of SiC-based inverters with drive motors is a key development. SiC technology allows for higher switching frequencies, reduced power losses, and improved thermal performance, directly contributing to more efficient and compact drive systems and extended EV range.
  • Modular Motor Designs and Platforms: Manufacturers are increasingly adopting modular motor designs and scalable platforms. This allows for easier adaptation of motors across different EV segments and vehicle types, streamlining production, reducing development costs, and enabling faster market entry for new EV models.

These developments are impacting the electric vehicle drive motor market by fostering greater efficiency, compactness, and sustainability in motor design and production. They are collectively pushing the industry towards more advanced and economically viable electric propulsion solutions.

Strategic Growth Opportunities in the Electric Vehicle Drive Motor Market

The electric vehicle drive motor market presents substantial strategic growth opportunities across diverse applications, fueled by the accelerating global transition to electric mobility. Identifying and capitalizing on these specific application areas is crucial for market players to maximize their growth potential.

  • Passenger Electric Vehicles: The largest growth opportunity lies in passenger cars, driven by increasing consumer adoption and diverse model offerings. Developing highly efficient, quiet, and power-dense motors with optimized thermal management for sedans, SUVs, and compact cars will be key to capturing this dominant segment.
  • Commercial Electric Vehicles: The commercial vehicle segment, including electric buses, trucks, and delivery vans, offers significant growth. Strategic opportunities involve designing robust, high-torque motors capable of handling heavy loads and continuous operation, with a focus on durability, energy efficiency, and low maintenance.
  • Two- and Three-Wheelers: In countries like China and India, two- and three-wheelers form a substantial EV market. Developing cost-effective, durable, and energy-efficient motors specifically tailored for these vehicles, addressing local requirements for power output and battery integration, presents a lucrative growth opportunity.
  • Off-Highway Electric Vehicles: The electrification of off-highway vehicles such as construction equipment, agricultural machinery, and mining trucks is an emerging opportunity. Motors for these applications require extreme durability, high torque at low speeds, and robust sealing to operate in harsh environments.
  • Performance and Luxury EVs: A niche but high-value opportunity exists in developing ultra-high-performance and luxury EV drive motors. This involves pushing the boundaries of power density, instantaneous torque delivery, and advanced control systems to cater to a premium market segment demanding exhilarating driving experiences.

These opportunities are impacting the electric vehicle drive motor market by driving specialized product development and market segmentation. Focusing on application-specific needs allows manufacturers to innovate and gain competitive advantages across various vehicle types, expanding the overall market footprint.

Electric Vehicle Drive Motor Market Driver and Challenges

The electric vehicle drive motor market is shaped by a dynamic interplay of factors, where significant drivers propel its expansion, while notable challenges necessitate strategic innovation and adaptation. Understanding these technological, economic, and regulatory forces is vital for industry participants.

The factors responsible for driving the electric vehicle drive motor market include:

1. Stringent Emission Regulations and Government Incentives: Global governments are implementing increasingly strict emission standards and offering substantial incentives (subsidies, tax breaks) for EV purchases. This strong regulatory push and financial encouragement directly stimulate EV adoption, consequently driving demand for electric drive motors.

2. Growing Consumer Awareness and Environmental Concerns: Rising public awareness of climate change and air pollution is shifting consumer preferences towards sustainable transportation. This increasing environmental consciousness is a key driver for EV sales, directly benefiting the electric vehicle drive motor market.

3. Advancements in Battery Technology and Range: Improvements in battery energy density, charging speed, and cost reduction alleviate range anxiety, making EVs more practical and appealing. As batteries improve, the demand for efficient and powerful motors that can leverage these advancements also grows.

4. Decreasing Cost of EV Components: While initial EV costs remain higher than ICE vehicles, the cost of key components, including electric motors, is steadily decreasing due to economies of scale and manufacturing efficiencies. This makes EVs more affordable, expanding the potential customer base and motor demand.

5. Expanding Charging Infrastructure: The continuous expansion and improvement of charging infrastructure, including fast charging networks, reduce logistical barriers for EV owners. A robust charging ecosystem encourages more EV sales, which in turn fuels the demand for drive motors.

Challenges in the electric vehicle drive motor market are:

1. High Raw Material Cost: The reliance on expensive and sometimes geopolitically sensitive rare-earth metals for permanent magnets in many high-performance EV motors poses a significant cost and supply chain challenge. Volatility in these material prices impacts manufacturing costs.

2. Thermal Management Issues in High-Power Motors: As motors become more compact and powerful, managing heat dissipation effectively is a critical challenge. Inadequate thermal management can lead to reduced efficiency, performance degradation, and premature motor failure, impacting overall EV reliability.

3. Competition from Established Internal Combustion Engine Supply Chains: The automotive industry has deeply entrenched ICE manufacturing and supply chains. Shifting this established infrastructure and workforce to EV motor production requires significant investment and re-skilling, posing a substantial economic and logistical challenge.

The impact of these drivers and challenges is a market experiencing robust growth, primarily propelled by environmental mandates and consumer shifts towards sustainable mobility. However, the industry must continuously innovate in material science, thermal engineering, and manufacturing processes to overcome cost and supply chain hurdles for widespread adoption.

List of Electric Vehicle Drive Motor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric vehicle drive motor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric vehicle drive motor companies profiled in this report include-

  • Tesla
  • BYD
  • Huawei
  • ZF
  • Bosch
  • Mitsubishi Motors
  • Hitachi
  • United Automotive Electronic Systems
  • Inovance
  • VREMT

Electric Vehicle Drive Motor Market by Segment

The study includes a forecast for the global electric vehicle drive motor market by type, application, and region.

Electric Vehicle Drive Motor Market by Type [Value from 2019 to 2031]:

  • Permanent Magnet Synchronous Motor
  • Asynchronous Motor
  • Others

Electric Vehicle Drive Motor Market by Application [Value from 2019 to 2031]:

  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle

Country Wise Outlook for the Electric Vehicle Drive Motor Market

The electric vehicle drive motor market is undergoing rapid transformation, driven by global efforts towards decarbonization and increasing EV adoption. Recent advancements are focused on enhancing efficiency, power density, and cost-effectiveness of motors, alongside exploring new materials and integrated drive systems. This reflects a commitment to making EVs more performant and accessible.

  • United States: The US market is characterized by significant R&D in high-performance motors and integrated electric drive units (EDUs). Major players are investing in advanced permanent magnet synchronous motors (PMSMs) and exploring alternatives to rare-earth magnets, driven by consumer demand for higher range and performance, and a focus on domestic manufacturing capabilities.
  • China: China dominates the global EV market and its drive motor segment. Recent developments include massive investments in localizing the entire supply chain, including motor manufacturing. There's a strong push for cost-effective and efficient motors across all vehicle types, from passenger cars to two- and three-wheelers, leveraging economies of scale.
  • Germany: Germany is a leader in automotive engineering, and its EV drive motor market focuses on precision, efficiency, and integration. Developments include advanced 800V inverter motors, higher power density designs, and robust thermal management systems. The emphasis is on premium performance and integration into complex vehicle architectures.
  • India: India's EV drive motor market is experiencing rapid growth, fueled by government incentives like the FAME-II scheme and Production Linked Incentive (PLI) schemes. There's a strong focus on localizing motor manufacturing and developing cost-effective solutions for two-wheelers and three-wheelers, which are key segments in the Indian EV market.
  • Japan: Japan's market is known for its technological innovation in automotive components. Recent developments include collaborations between major players like NIDEC and Renesas to develop cutting-edge semiconductor solutions for E-Axles, integrating drive motors and power electronics. The focus is on compact, highly efficient, and integrated drive systems.

Features of the Global Electric Vehicle Drive Motor Market

  • Market Size Estimates: Electric vehicle drive motor market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
  • Segmentation Analysis: Electric vehicle drive motor market size by type, application, and region in terms of value ($B).
  • Regional Analysis: Electric vehicle drive motor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the electric vehicle drive motor market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric vehicle drive motor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the electric vehicle drive motor market by type (permanent magnet synchronous motor, asynchronous motor, and others), application (battery electric vehicle and plug-in hybrid electric vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

  • 2.1 Background and Classifications
  • 2.2 Supply Chain

3. Market Trends & Forecast Analysis

  • 3.2 Industry Drivers and Challenges
  • 3.3 PESTLE Analysis
  • 3.4 Patent Analysis
  • 3.5 Regulatory Environment

4. Global Electric Vehicle Drive Motor Market by Type

  • 4.1 Overview
  • 4.2 Attractiveness Analysis by Type
  • 4.3 Permanent Magnet Synchronous Motor: Trends and Forecast (2019-2031)
  • 4.4 Asynchronous Motor: Trends and Forecast (2019-2031)
  • 4.5 Others: Trends and Forecast (2019-2031)

5. Global Electric Vehicle Drive Motor Market by Application

  • 5.1 Overview
  • 5.2 Attractiveness Analysis by Application
  • 5.3 Battery Electric Vehicle: Trends and Forecast (2019-2031)
  • 5.4 Plug-in Hybrid Electric Vehicle: Trends and Forecast (2019-2031)

6. Regional Analysis

  • 6.1 Overview
  • 6.2 Global Electric Vehicle Drive Motor Market by Region

7. North American Electric Vehicle Drive Motor Market

  • 7.1 Overview
  • 7.2 North American Electric Vehicle Drive Motor Market by Type
  • 7.3 North American Electric Vehicle Drive Motor Market by Application
  • 7.4 United States Electric Vehicle Drive Motor Market
  • 7.5 Mexican Electric Vehicle Drive Motor Market
  • 7.6 Canadian Electric Vehicle Drive Motor Market

8. European Electric Vehicle Drive Motor Market

  • 8.1 Overview
  • 8.2 European Electric Vehicle Drive Motor Market by Type
  • 8.3 European Electric Vehicle Drive Motor Market by Application
  • 8.4 German Electric Vehicle Drive Motor Market
  • 8.5 French Electric Vehicle Drive Motor Market
  • 8.6 Spanish Electric Vehicle Drive Motor Market
  • 8.7 Italian Electric Vehicle Drive Motor Market
  • 8.8 United Kingdom Electric Vehicle Drive Motor Market

9. APAC Electric Vehicle Drive Motor Market

  • 9.1 Overview
  • 9.2 APAC Electric Vehicle Drive Motor Market by Type
  • 9.3 APAC Electric Vehicle Drive Motor Market by Application
  • 9.4 Japanese Electric Vehicle Drive Motor Market
  • 9.5 Indian Electric Vehicle Drive Motor Market
  • 9.6 Chinese Electric Vehicle Drive Motor Market
  • 9.7 South Korean Electric Vehicle Drive Motor Market
  • 9.8 Indonesian Electric Vehicle Drive Motor Market

10. ROW Electric Vehicle Drive Motor Market

  • 10.1 Overview
  • 10.2 ROW Electric Vehicle Drive Motor Market by Type
  • 10.3 ROW Electric Vehicle Drive Motor Market by Application
  • 10.4 Middle Eastern Electric Vehicle Drive Motor Market
  • 10.5 South American Electric Vehicle Drive Motor Market
  • 10.6 African Electric Vehicle Drive Motor Market

11. Competitor Analysis

  • 11.1 Product Portfolio Analysis
  • 11.2 Operational Integration
  • 11.3 Porter's Five Forces Analysis
    • Competitive Rivalry
    • Bargaining Power of Buyers
    • Bargaining Power of Suppliers
    • Threat of Substitutes
    • Threat of New Entrants
  • 11.4 Market Share Analysis

12. Opportunities & Strategic Analysis

  • 12.1 Value Chain Analysis
  • 12.2 Growth Opportunity Analysis
    • 12.2.1 Growth Opportunities by Type
    • 12.2.2 Growth Opportunities by Application
  • 12.3 Emerging Trends in the Global Electric Vehicle Drive Motor Market
  • 12.4 Strategic Analysis
    • 12.4.1 New Product Development
    • 12.4.2 Certification and Licensing
    • 12.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

13. Company Profiles of the Leading Players Across the Value Chain

  • 13.1 Competitive Analysis
  • 13.2 Tesla
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.3 BYD
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.4 Huawei
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.5 ZF
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.6 Bosch
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.7 Mitsubishi Motors
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.8 Hitachi
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.9 United Automotive Electronic Systems
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.10 Inovance
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 13.11 VREMT
    • Company Overview
    • Electric Vehicle Drive Motor Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing

14. Appendix

  • 14.1 List of Figures
  • 14.2 List of Tables
  • 14.3 Research Methodology
  • 14.4 Disclaimer
  • 14.5 Copyright
  • 14.6 Abbreviations and Technical Units
  • 14.7 About Us
  • 14.8 Contact Us

List of Figures

  • Figure 1.1: Trends and Forecast for the Global Electric Vehicle Drive Motor Market
  • Figure 2.1: Usage of Electric Vehicle Drive Motor Market
  • Figure 2.2: Classification of the Global Electric Vehicle Drive Motor Market
  • Figure 2.3: Supply Chain of the Global Electric Vehicle Drive Motor Market
  • Figure 3.1: Driver and Challenges of the Electric Vehicle Drive Motor Market
  • Figure 3.2: PESTLE Analysis
  • Figure 3.3: Patent Analysis
  • Figure 3.4: Regulatory Environment
  • Figure 4.1: Global Electric Vehicle Drive Motor Market by Type in 2019, 2024, and 2031
  • Figure 4.2: Trends of the Global Electric Vehicle Drive Motor Market ($B) by Type
  • Figure 4.3: Forecast for the Global Electric Vehicle Drive Motor Market ($B) by Type
  • Figure 4.4: Trends and Forecast for Permanent Magnet Synchronous Motor in the Global Electric Vehicle Drive Motor Market (2019-2031)
  • Figure 4.5: Trends and Forecast for Asynchronous Motor in the Global Electric Vehicle Drive Motor Market (2019-2031)
  • Figure 4.6: Trends and Forecast for Others in the Global Electric Vehicle Drive Motor Market (2019-2031)
  • Figure 5.1: Global Electric Vehicle Drive Motor Market by Application in 2019, 2024, and 2031
  • Figure 5.2: Trends of the Global Electric Vehicle Drive Motor Market ($B) by Application
  • Figure 5.3: Forecast for the Global Electric Vehicle Drive Motor Market ($B) by Application
  • Figure 5.4: Trends and Forecast for Battery Electric Vehicle in the Global Electric Vehicle Drive Motor Market (2019-2031)
  • Figure 5.5: Trends and Forecast for Plug-in Hybrid Electric Vehicle in the Global Electric Vehicle Drive Motor Market (2019-2031)
  • Figure 6.1: Trends of the Global Electric Vehicle Drive Motor Market ($B) by Region (2019-2024)
  • Figure 6.2: Forecast for the Global Electric Vehicle Drive Motor Market ($B) by Region (2025-2031)
  • Figure 7.1: North American Electric Vehicle Drive Motor Market by Type in 2019, 2024, and 2031
  • Figure 7.2: Trends of the North American Electric Vehicle Drive Motor Market ($B) by Type (2019-2024)
  • Figure 7.3: Forecast for the North American Electric Vehicle Drive Motor Market ($B) by Type (2025-2031)
  • Figure 7.4: North American Electric Vehicle Drive Motor Market by Application in 2019, 2024, and 2031
  • Figure 7.5: Trends of the North American Electric Vehicle Drive Motor Market ($B) by Application (2019-2024)
  • Figure 7.6: Forecast for the North American Electric Vehicle Drive Motor Market ($B) by Application (2025-2031)
  • Figure 7.7: Trends and Forecast for the United States Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 7.8: Trends and Forecast for the Mexican Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 7.9: Trends and Forecast for the Canadian Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 8.1: European Electric Vehicle Drive Motor Market by Type in 2019, 2024, and 2031
  • Figure 8.2: Trends of the European Electric Vehicle Drive Motor Market ($B) by Type (2019-2024)
  • Figure 8.3: Forecast for the European Electric Vehicle Drive Motor Market ($B) by Type (2025-2031)
  • Figure 8.4: European Electric Vehicle Drive Motor Market by Application in 2019, 2024, and 2031
  • Figure 8.5: Trends of the European Electric Vehicle Drive Motor Market ($B) by Application (2019-2024)
  • Figure 8.6: Forecast for the European Electric Vehicle Drive Motor Market ($B) by Application (2025-2031)
  • Figure 8.7: Trends and Forecast for the German Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 8.8: Trends and Forecast for the French Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 8.9: Trends and Forecast for the Spanish Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 8.10: Trends and Forecast for the Italian Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 8.11: Trends and Forecast for the United Kingdom Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 9.1: APAC Electric Vehicle Drive Motor Market by Type in 2019, 2024, and 2031
  • Figure 9.2: Trends of the APAC Electric Vehicle Drive Motor Market ($B) by Type (2019-2024)
  • Figure 9.3: Forecast for the APAC Electric Vehicle Drive Motor Market ($B) by Type (2025-2031)
  • Figure 9.4: APAC Electric Vehicle Drive Motor Market by Application in 2019, 2024, and 2031
  • Figure 9.5: Trends of the APAC Electric Vehicle Drive Motor Market ($B) by Application (2019-2024)
  • Figure 9.6: Forecast for the APAC Electric Vehicle Drive Motor Market ($B) by Application (2025-2031)
  • Figure 9.7: Trends and Forecast for the Japanese Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 9.8: Trends and Forecast for the Indian Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 9.9: Trends and Forecast for the Chinese Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 9.10: Trends and Forecast for the South Korean Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 9.11: Trends and Forecast for the Indonesian Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 10.1: ROW Electric Vehicle Drive Motor Market by Type in 2019, 2024, and 2031
  • Figure 10.2: Trends of the ROW Electric Vehicle Drive Motor Market ($B) by Type (2019-2024)
  • Figure 10.3: Forecast for the ROW Electric Vehicle Drive Motor Market ($B) by Type (2025-2031)
  • Figure 10.4: ROW Electric Vehicle Drive Motor Market by Application in 2019, 2024, and 2031
  • Figure 10.5: Trends of the ROW Electric Vehicle Drive Motor Market ($B) by Application (2019-2024)
  • Figure 10.6: Forecast for the ROW Electric Vehicle Drive Motor Market ($B) by Application (2025-2031)
  • Figure 10.7: Trends and Forecast for the Middle Eastern Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 10.8: Trends and Forecast for the South American Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 10.9: Trends and Forecast for the African Electric Vehicle Drive Motor Market ($B) (2019-2031)
  • Figure 11.1: Porter's Five Forces Analysis of the Global Electric Vehicle Drive Motor Market
  • Figure 11.2: Market Share (%) of Top Players in the Global Electric Vehicle Drive Motor Market (2024)
  • Figure 12.1: Growth Opportunities for the Global Electric Vehicle Drive Motor Market by Type
  • Figure 12.2: Growth Opportunities for the Global Electric Vehicle Drive Motor Market by Application
  • Figure 12.3: Growth Opportunities for the Global Electric Vehicle Drive Motor Market by Region
  • Figure 12.4: Emerging Trends in the Global Electric Vehicle Drive Motor Market

List of Tables

  • Table 1.1: Growth Rate (%, 2023-2024) and CAGR (%, 2025-2031) of the Electric Vehicle Drive Motor Market by Type and Application
  • Table 1.2: Attractiveness Analysis for the Electric Vehicle Drive Motor Market by Region
  • Table 1.3: Global Electric Vehicle Drive Motor Market Parameters and Attributes
  • Table 3.1: Trends of the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 3.2: Forecast for the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 4.1: Attractiveness Analysis for the Global Electric Vehicle Drive Motor Market by Type
  • Table 4.2: Market Size and CAGR of Various Type in the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 4.3: Market Size and CAGR of Various Type in the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 4.4: Trends of Permanent Magnet Synchronous Motor in the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 4.5: Forecast for Permanent Magnet Synchronous Motor in the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 4.6: Trends of Asynchronous Motor in the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 4.7: Forecast for Asynchronous Motor in the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 4.8: Trends of Others in the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 4.9: Forecast for Others in the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 5.1: Attractiveness Analysis for the Global Electric Vehicle Drive Motor Market by Application
  • Table 5.2: Market Size and CAGR of Various Application in the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 5.3: Market Size and CAGR of Various Application in the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 5.4: Trends of Battery Electric Vehicle in the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 5.5: Forecast for Battery Electric Vehicle in the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 5.6: Trends of Plug-in Hybrid Electric Vehicle in the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 5.7: Forecast for Plug-in Hybrid Electric Vehicle in the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 6.1: Market Size and CAGR of Various Regions in the Global Electric Vehicle Drive Motor Market (2019-2024)
  • Table 6.2: Market Size and CAGR of Various Regions in the Global Electric Vehicle Drive Motor Market (2025-2031)
  • Table 7.1: Trends of the North American Electric Vehicle Drive Motor Market (2019-2024)
  • Table 7.2: Forecast for the North American Electric Vehicle Drive Motor Market (2025-2031)
  • Table 7.3: Market Size and CAGR of Various Type in the North American Electric Vehicle Drive Motor Market (2019-2024)
  • Table 7.4: Market Size and CAGR of Various Type in the North American Electric Vehicle Drive Motor Market (2025-2031)
  • Table 7.5: Market Size and CAGR of Various Application in the North American Electric Vehicle Drive Motor Market (2019-2024)
  • Table 7.6: Market Size and CAGR of Various Application in the North American Electric Vehicle Drive Motor Market (2025-2031)
  • Table 7.7: Trends and Forecast for the United States Electric Vehicle Drive Motor Market (2019-2031)
  • Table 7.8: Trends and Forecast for the Mexican Electric Vehicle Drive Motor Market (2019-2031)
  • Table 7.9: Trends and Forecast for the Canadian Electric Vehicle Drive Motor Market (2019-2031)
  • Table 8.1: Trends of the European Electric Vehicle Drive Motor Market (2019-2024)
  • Table 8.2: Forecast for the European Electric Vehicle Drive Motor Market (2025-2031)
  • Table 8.3: Market Size and CAGR of Various Type in the European Electric Vehicle Drive Motor Market (2019-2024)
  • Table 8.4: Market Size and CAGR of Various Type in the European Electric Vehicle Drive Motor Market (2025-2031)
  • Table 8.5: Market Size and CAGR of Various Application in the European Electric Vehicle Drive Motor Market (2019-2024)
  • Table 8.6: Market Size and CAGR of Various Application in the European Electric Vehicle Drive Motor Market (2025-2031)
  • Table 8.7: Trends and Forecast for the German Electric Vehicle Drive Motor Market (2019-2031)
  • Table 8.8: Trends and Forecast for the French Electric Vehicle Drive Motor Market (2019-2031)
  • Table 8.9: Trends and Forecast for the Spanish Electric Vehicle Drive Motor Market (2019-2031)
  • Table 8.10: Trends and Forecast for the Italian Electric Vehicle Drive Motor Market (2019-2031)
  • Table 8.11: Trends and Forecast for the United Kingdom Electric Vehicle Drive Motor Market (2019-2031)
  • Table 9.1: Trends of the APAC Electric Vehicle Drive Motor Market (2019-2024)
  • Table 9.2: Forecast for the APAC Electric Vehicle Drive Motor Market (2025-2031)
  • Table 9.3: Market Size and CAGR of Various Type in the APAC Electric Vehicle Drive Motor Market (2019-2024)
  • Table 9.4: Market Size and CAGR of Various Type in the APAC Electric Vehicle Drive Motor Market (2025-2031)
  • Table 9.5: Market Size and CAGR of Various Application in the APAC Electric Vehicle Drive Motor Market (2019-2024)
  • Table 9.6: Market Size and CAGR of Various Application in the APAC Electric Vehicle Drive Motor Market (2025-2031)
  • Table 9.7: Trends and Forecast for the Japanese Electric Vehicle Drive Motor Market (2019-2031)
  • Table 9.8: Trends and Forecast for the Indian Electric Vehicle Drive Motor Market (2019-2031)
  • Table 9.9: Trends and Forecast for the Chinese Electric Vehicle Drive Motor Market (2019-2031)
  • Table 9.10: Trends and Forecast for the South Korean Electric Vehicle Drive Motor Market (2019-2031)
  • Table 9.11: Trends and Forecast for the Indonesian Electric Vehicle Drive Motor Market (2019-2031)
  • Table 10.1: Trends of the ROW Electric Vehicle Drive Motor Market (2019-2024)
  • Table 10.2: Forecast for the ROW Electric Vehicle Drive Motor Market (2025-2031)
  • Table 10.3: Market Size and CAGR of Various Type in the ROW Electric Vehicle Drive Motor Market (2019-2024)
  • Table 10.4: Market Size and CAGR of Various Type in the ROW Electric Vehicle Drive Motor Market (2025-2031)
  • Table 10.5: Market Size and CAGR of Various Application in the ROW Electric Vehicle Drive Motor Market (2019-2024)
  • Table 10.6: Market Size and CAGR of Various Application in the ROW Electric Vehicle Drive Motor Market (2025-2031)
  • Table 10.7: Trends and Forecast for the Middle Eastern Electric Vehicle Drive Motor Market (2019-2031)
  • Table 10.8: Trends and Forecast for the South American Electric Vehicle Drive Motor Market (2019-2031)
  • Table 10.9: Trends and Forecast for the African Electric Vehicle Drive Motor Market (2019-2031)
  • Table 11.1: Product Mapping of Electric Vehicle Drive Motor Suppliers Based on Segments
  • Table 11.2: Operational Integration of Electric Vehicle Drive Motor Manufacturers
  • Table 11.3: Rankings of Suppliers Based on Electric Vehicle Drive Motor Revenue
  • Table 12.1: New Product Launches by Major Electric Vehicle Drive Motor Producers (2019-2024)
  • Table 12.2: Certification Acquired by Major Competitor in the Global Electric Vehicle Drive Motor Market
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Manager - EMEA

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Christine Sirois

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