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Market Research Report

Electric Motors for Electric Vehicle Market - Growth, Trends, and Forecast (2020 - 2025)

Published by Mordor Intelligence LLP Product code 612954
Published Content info 126 Pages
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Electric Motors for Electric Vehicle Market - Growth, Trends, and Forecast (2020 - 2025)
Published: February 1, 2020 Content info: 126 Pages
Description

The electric motors for electric vehicle market is expected to register a CAGR of over 15%, during the forecast period (2020 - 2025).

  • With the increasing emission standards, the need for adoption of electric vehicles has been a prominent initiative among various countries, globally.
  • Government policies played a huge role in promoting electric vehicles. The results have started to show in the European countries, where electric vehicles have occupied a significant portion of the total vehicle population. In the coming years, China, the United States, and a few European countries, like Norway, France, etc., are positioned to take the leading role in electric vehicles, owing to the supporting government policies.
  • However, the shortage of EV charging stations has been hindering the adoption of these vehicles, which in turn, is expected to restrict the usage of electric motors for electric vehicles.

Key Market Trends

AC Motors to Witness Growth

A large number of electric vehicles in the market have been using AC motors, due to their improved efficiency and lightweight. Additionally, AC motors are robust and inexpensive, when compared to DC motors. Thus, automakers have been widely adopting synchronous AC motors and induction motors, which offer the benefits of brushless DC motors as well.

Owing to the aforementioned features, some of the major companies, such as Bosch, Delphi, Denso, Continental, etc., continue to focus on producing more AC motors for electric vehicles.

Asia-Pacific Continues to Dominate the Electric Motors for Electric Vehicle Market

Globally, Asia-Pacific has been capturing the largest share in the electric motors for electric vehicle market, owing to high EV sales, majorly from China. China has been consistently taking aggressive steps to tackle the issue of environmental pollution, which in turn, have resulted in the high adoption rate of electric vehicles in its transportation sector. China is the largest market for electric cars across the world, and registered sales of more than 1.26 million vehicles in 2019. Furthermore, in 2017, the Beijing announced plans to transform its entire taxi fleet to that of electric propulsion.

Owing to the aforementioned trend, major automotive companies have been planning to invest in the Chinese market, in order to take advantage of the strong demand for electric vehicles. Nissan, BYD, Honda, and Toyota Motor Corporation have announced their investment plans in the Chinese market, which are expected to collectively sum up to USD 50 billion.

Competitive Landscape

In 2019, major players, such as Aisin Seiki Co. Ltd, Toyota Motor Corporation, Nissan Motor Co Ltd, and Honda Motor Company Ltd, had more than 40% of share in the electric motors for electric vehicle market. Other players, such as DENSO Corporation, Aptiv PLC (formerly known as Delphi Automotive PLC), Magna International Inc., and Meidensha Corporation, are competing closely to increase their shares in the market.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 46553

Table of Contents

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Passenger Cars
    • 5.1.2 Commercial Vehicles
  • 5.2 Motor Type
    • 5.2.1 AC Motor
    • 5.2.2 DC Motor
  • 5.3 Vehicle Type
    • 5.3.1 Hybrid Electric Vehicle (HEV)
    • 5.3.2 Plug-in Hybrid Electric Vehicle (PHEV)
    • 5.3.3 Pure Electric Vehicle (PEV)
  • 5.4 Geography
    • 5.4.1 North America
      • 5.4.1.1 United States
      • 5.4.1.2 Canada
      • 5.4.1.3 Mexico
      • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
      • 5.4.2.1 Germany
      • 5.4.2.2 United Kingdom
      • 5.4.2.3 France
      • 5.4.2.4 Italy
      • 5.4.2.5 Norway
      • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
      • 5.4.3.1 China
      • 5.4.3.2 India
      • 5.4.3.3 Japan
      • 5.4.3.4 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
      • 5.4.4.1 Brazil
      • 5.4.4.2 South Africa
      • 5.4.4.3 Argentina
      • 5.4.4.4 Other Countries

6 COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Aisin Seiki Co Ltd
    • 6.2.2 Toyota Motor Corporation
    • 6.2.3 Hitachi Automotive Systems
    • 6.2.4 DENSO Corporation
    • 6.2.5 Aptiv PLC
    • 6.2.6 Mitsubishi Electric Corp
    • 6.2.7 Magna International
    • 6.2.8 Robert Bosch GmbH
    • 6.2.9 BMW AG
    • 6.2.10 Nissan Motor Co Ltd
    • 6.2.11 Tesla Inc
    • 6.2.12 Toshiba Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 DISCLAIMER

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