Global Electric Vehicle Motor Market Research Report Forecast: (2025-2030)

Electric Vehicle Motor Market - By Vehicle Type (Electric Passenger Cars, [Sedan, Hatchback, SUV], Electric Commercial Vehicles, [Electric Light Commercial Vehicles, Electric Mediu......m & Heavy Commercial Vehicles], Electric Two Wheelers, [Electric Scooters, Electric Motorcycles], Electric three-wheelers), By Type (AC Motor, DC Motor), By Motor Type (Brushless Motors, Brushed Motors, Induction (Asynchronous) Motors, Switched Reluctance Motors, Synchronous Motors), By Component (Motor Stator, Rotor, Shaft, and Bearing, Permanent Magnet, Casing, Wiring & Connectors, Others), By Power Rating (Up to 20 kW, 21 kW to 100 kW, 101 kW to 250 kW, Above 250 kW) and others Read more

  • Automotive
  • Feb 2025
  • 201
  • PDF, Excel, PPT

Market Insights & Analysis: Global Electric Vehicle Motor Market (2025-30):

The Global Electric Vehicle Motor Market size was valued at around USD 46 billion in 2024 and is projected to reach USD 120 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 17% during the forecast period, i.e., 2025-30. Various factors that drive the growth of this market include, rising investments in EV infrastructure, government schemes facilitating EV adoption, and strict CO2 emission standards laid by various agencies for automobile manufacturers around the world. Some of the mandates that are laid by various countries include the European Union’s CO2 emission regulation for cars, China’s New Electric Vehicle Mandate, and California’s Zero-Emission Vehicle (ZEV) mandate, which strive to lower greenhouse gas emissions like reducing CO2 emissions from vehicles to achieve net zero emissions by 2050.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  Market Value in 2024   USD 46 Billion
  Market Value in 2030   USD 120 Billion
  CAGR (2025-30)   17%
  Leading Region   Asia-Pacific
  Top Key Players Siemens AG, ABB Ltd., Nidec Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, BorgWarner Inc., Continental AG, Magna International Inc., Hitachi, Ltd., AISIN CORPORATION, LG Magna e-Powertrain Co., Ltd., Johnson Electric Holdings Limited, Toshiba Corporation, GKN Automotive, Allied Motion Technologies Inc., and Others
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

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For instance, the European Union is working towards a reduction of CO2 emissions from new vehicles by 55% from its 2021 levels while the U.S. has implemented region-wise strict policies to segment out automobiles with internal combustion engines. The fiscal incentive policies by various governments like primary purchase subsidies, and tax rebates on EV registration have facilitated EV manufacturing by major automakers. For instance, India's FAME II scheme offers EV subsidies to customers for up to USD 172 per kWh to a maximum of 40% of total vehicle cost whilst the Inflation Reduction Act offers clean tax credits of up to USD 7500 for new vehicles and USD 4000 for pre-owned vehicles to EV consumers in the United States. The cost of EV possession is being greatly decreased through these incentives which is increasing customer demand.

Moreover, smart grids and the expansion of charging infrastructure are also facilitating the adoption of EVs. Over three million public charging stations have been set up globally by 2023 with China having the most with over 2.7 million stations. To accommodate the developing quantity of EVs on the street, this expansion is crucial. With automakers and tech behemoths investing billions in electric mobility innovation, is being spurred via growing investments in EV manufacturing and R&D. Tesla, Toyota, and Volkswagen for instance are making significant investments in next-generation EV technologies to improve efficiency and performance propelling the EV motor market growth.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Electric Vehicle Motor Market Policies, Regulations, and Product Standards
  5. Global Electric Vehicle Motor Market Trends & Developments
  6. Global Electric Vehicle Motor Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Global Electric Vehicle Motor Market Hotspot & Opportunities
  8. Global Electric Vehicle Motor Market Value Chain Analysis
  9. Global Electric Vehicle Motor Market Outlook, 2020-2030F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Vehicle Type
        1. Electric Passenger Cars- Market Size & Forecast 2020-2030, USD Million
          1. Sedan- Market Size & Forecast 2020-2030, USD Million
          2. Hatchback- Market Size & Forecast 2020-2030, USD Million
          3. SUV- Market Size & Forecast 2020-2030, USD Million
        2. Electric Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
          1. Electric Light Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
            1. Electric Light Trucks- Market Size & Forecast 2020-2030, USD Million
            2. Electric Minivans- Market Size & Forecast 2020-2030, USD Million
          2. Electric Medium & Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
            1. Electric Trucks- Market Size & Forecast 2020-2030, USD Million
            2. Electric Bus- Market Size & Forecast 2020-2030, USD Million
        3. Electric Two Wheelers- Market Size & Forecast 2020-2030, USD Million
          1. Electric Scooters- Market Size & Forecast 2020-2030, USD Million
          2. Electric Motorcycles- Market Size & Forecast 2020-2030, USD Million
        4. Electric Three Wheelers- Market Size & Forecast 2020-2030, USD Million
      2. By Type
        1. AC Motor- Market Size & Forecast 2020-2030, USD Million
        2. DC Motor- Market Size & Forecast 2020-2030, USD Million
      3. By Motor Type
        1. Brushless Motors- Market Size & Forecast 2020-2030, USD Million
        2. Brushed Motors- Market Size & Forecast 2020-2030, USD Million
        3. Induction (Asynchronous) Motors- Market Size & Forecast 2020-2030, USD Million
        4. Switched Reluctance Motors- Market Size & Forecast 2020-2030, USD Million
        5. Synchronous Motors- Market Size & Forecast 2020-2030, USD Million
      4. By Component
        1. Motor Stator- Market Size & Forecast 2020-2030, USD Million
        2. Rotor, Shaft, and Bearing- Market Size & Forecast 2020-2030, USD Million
        3. Permanent Magnet- Market Size & Forecast 2020-2030, USD Million
        4. Casing- Market Size & Forecast 2020-2030, USD Million
        5. Wiring & Connectors- Market Size & Forecast 2020-2030, USD Million
        6. Others- Market Size & Forecast 2020-2030, USD Million
      5. By Power Rating
        1. Up to 20 kW- Market Size & Forecast 2020-2030, USD Million
        2. 21 kW to 100 kW- Market Size & Forecast 2020-2030, USD Million
        3. 101 kW to 250 kW- Market Size & Forecast 2020-2030, USD Million
        4. Above 250 kW- Market Size & Forecast 2020-2030, USD Million
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East and Africa
        5. Asia-Pacific
      7. By Company
        1. Company Revenue Shares
        2. Competitor Characteristics
  10. North America Electric Vehicle Motor Market Outlook, 2020-2030F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
      2. By Type- Market Size & Forecast 2020-2030, USD Million
      3. By Motor Type- Market Size & Forecast 2020-2030, USD Million
      4. By Component- Market Size & Forecast 2020-2030, USD Million
      5. By Power Rating- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    4. Canada Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    5. Mexico Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
  11. South America Electric Vehicle Motor Market Outlook, 2020-2030F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
      2. By Type- Market Size & Forecast 2020-2030, USD Million
      3. By Motor Type- Market Size & Forecast 2020-2030, USD Million
      4. By Component- Market Size & Forecast 2020-2030, USD Million
      5. By Power Rating- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    4. Argentina Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
  12. Europe Electric Vehicle Motor Market Outlook, 2020-2030F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
      2. By Type- Market Size & Forecast 2020-2030, USD Million
      3. By Motor Type- Market Size & Forecast 2020-2030, USD Million
      4. By Component- Market Size & Forecast 2020-2030, USD Million
      5. By Power Rating- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    4. Germany Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    5. France Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    6. Italy Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    7. Spain Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
  13. The Middle East & Africa Electric Vehicle Motor Market Outlook, 2020-2030F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
      2. By Type- Market Size & Forecast 2020-2030, USD Million
      3. By Motor Type- Market Size & Forecast 2020-2030, USD Million
      4. By Component- Market Size & Forecast 2020-2030, USD Million
      5. By Power Rating- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. Saudi Arabia
        2. The UAE
        3. South Africa
        4. Rest of the Middle East & Africa
    3. Saudi Arabia Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    4. The UAE Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    5. South Africa Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
  14. Asia Pacific Electric Vehicle Motor Market Outlook, 2020-2030F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
      2. By Type- Market Size & Forecast 2020-2030, USD Million
      3. By Motor Type- Market Size & Forecast 2020-2030, USD Million
      4. By Component- Market Size & Forecast 2020-2030, USD Million
      5. By Power Rating- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. China
        2. Japan
        3. India
        4. Australia
        5. South Korea
        6. Rest of Asia Pacific
    3. China Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    4. Japan Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    5. India Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    6. Australia Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
    7. South Korea Electric Vehicle Motor Market Outlook, 2020-2030F
      1. Market Size & Outlook
        1. By Revenues (USD Million)
      2. Market Share & Outlook
        1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
        2. By Type- Market Size & Forecast 2020-2030, USD Million
        3. By Power Rating- Market Size & Forecast 2020-2030, USD Million
  15. Global Electric Vehicle Motor Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Company Profiles
      1. Siemens AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. ABB Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Nidec Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Mitsubishi Electric Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Robert Bosch GmbH
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. BorgWarner Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Continental AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Magna International Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Hitachi, Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. AISIN CORPORATION
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. LG Magna e-Powertrain Co., Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Johnson Electric Holdings Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Toshiba Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. GKN Automotive
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Allied Motion Technologies Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  17. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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