PUBLISHER: QYResearch | PRODUCT CODE: 1872175
PUBLISHER: QYResearch | PRODUCT CODE: 1872175
The global market for New Energy Vehicle Drive Motor was estimated to be worth US$ 12207 million in 2024 and is forecast to a readjusted size of US$ 33712 million by 2031 with a CAGR of 15.1% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on New Energy Vehicle Drive Motor cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
New Energy Vehicle (NEV) drive motor is the core power unit that converts electrical energy into mechanical energy to propel the vehicle forward. It is used in various types of NEVs, including Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). These motors replace or supplement internal combustion engines and are responsible for delivering torque, ensuring energy efficiency, and enabling regenerative braking. NEV drive motors are typically integrated with electronic control units and inverters to form a compact and intelligent electric drive system. Common types include Permanent Magnet Synchronous Motors (PMSM) and Asynchronous Motors (AM), each selected based on efficiency, cost, thermal performance, and vehicle design needs.
The market for New Energy Vehicle (NEV) drive motors is expanding rapidly, driven by the global transition toward low-emission mobility and aggressive electrification strategies. Governments around the world are enforcing stricter environmental regulations and offering policy incentives, pushing automakers to accelerate NEV development. As the core of the electric powertrain, the drive motor has become a major focus of research, investment, and innovation. OEMs and suppliers are working to improve motor efficiency, torque density, thermal management, and overall system integration. There is growing demand for lightweight, compact, and high-performance motor solutions that support various NEV platforms, from urban passenger cars to commercial logistics vehicles. Additionally, the rise of intelligent and connected vehicles is influencing motor design toward smarter control strategies and enhanced compatibility with vehicle electronics. Technological trends such as the development of oil-cooled motors, flat wire winding, and integrated e-drive systems are helping drive the evolution of this market. As supply chains mature and production scales up, cost reduction and performance optimization will remain key to competitiveness in the NEV motor industry. In the coming years, NEV drive motors are expected to play an even more critical role in advancing sustainable transportation and achieving global carbon neutrality targets.
This report aims to provide a comprehensive presentation of the global market for New Energy Vehicle Drive Motor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of New Energy Vehicle Drive Motor by region & country, by Type, and by Application.
The New Energy Vehicle Drive Motor market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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 New Energy Vehicle Drive Motor.
Market Segmentation
By Company
Segment by Type
Segment by Motor Copper Wire Forming Technology
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of New Energy Vehicle Drive Motor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of New Energy Vehicle Drive Motor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of New Energy Vehicle Drive Motor in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.