PUBLISHER: QYResearch | PRODUCT CODE: 1273255
PUBLISHER: QYResearch | PRODUCT CODE: 1273255
According to our research, the global traction motor core market was valued at US$ 2,591.4 million in 2022 and is anticipated to reach US$ 8,447.9 million by 2029, witnessing a CAGR of 17.12% during the forecast period 2023-2029.
Japan traction motor core market size was US$ 1,163.4 million in 2022, while the China and South Korea traction motor core were US$ 469.7 million and US$ 278.2 million, the proportion of the China was 18.13% in 2022, expect to occupy 31.15% market share by 2029.
Based on the product type, permanent magnet motor cores are mostly used in Asia pacific and North America EV makers, which accounting for 79.8% of the traction motor core global market in 2022, is projected to value US$ 7,152.2 million by 2029, growing at a revised 17.94% CAGR from 2023 to 2029. AC Induction Motor Cores are easily being found in EU Market and all-drive electric vehicle models, hold about 20% global market share in 2022.
The global key manufacturers of traction motor core include: Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Tempel Steel, Hidria, JFE Shoji, Wuxi Longsheng Technology, Tongda Power Technology, Toyota Boshoku Corporation, Kienle Spiess, Shiri Electromechanical Technology, Yutaka Giken and Kuroda Precision, etc. In 2022, the global top five players hold a share approximately 69.70% in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Traction Motor Core, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Traction Motor Core.
The Traction Motor Core market size, estimations, and forecasts are provided in terms of output/shipments (K Unit) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Traction Motor Core market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Traction Motor Core manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.