Market Report · May 18, 2026
Report Feature
The future of the global electric vehicle traction motor market looks promising with opportunities in railway, electric vehicles, industrial machinery, and other applications. The global electric vehicle traction motor market is expected to grow with a CAGR of 20%-22% from 2020 to 2026. The major drivers for this market are increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector.
Emerging trends, which have a direct impact on the dynamics of the industry, include the growing adoption of automation in varied mechanical operations and increasing penetration of conveyors.
A total of 130 figures / charts and 104 tables are provided in this more than 150 page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global Electric vehicle traction motor market report, please download the report brochure.
The study includes a forecast for the global electric vehicle traction motor market by type, power rating, application and region, as follows:
By Type [Value ($ Million) from 2015 to 2026]:
- Alternating Current
- Direct Current
By Power Rating [Value ($ Million) from 2015 to 2026]:
- Below 200 Kw
- 200-400 Kw
- Above 400 Kw
By Application [Value ($ Million) from 2015 to 2026]:
- Railway
- Electric Vehicles
- Industrial Machinery
- Others
By Region [Value ($ Million) from 2015 to 2026]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- APAC
- China
- India
- Japan
- ROW
- Middle East
- Brazil
Some of the Electric vehicle traction motor companies profiled in this report include ABB Ltd, Siemens AG, General Electric Company, Kirloskar Electric Company Ltd, CG Power and Industrial Solutions Ltd, CRRC Corporation Limited, Alstom SA, Skoda Transportation AS, and Robert Bosch GmbH.
Lucintel forecasts that alternating current will remain the largest type segment, and it is also expected to witness the highest growth over the forecast period because of modern power electronics. Also, it is more efficient and easier to control.
Within the global electric vehicle traction motor market, the railway segment is expected to witness the highest growth over the forecast period due to the increased reliance of the railway industry on electric traction motors for enhanced speed control and high start-up torque.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the rising investments in electric vehicles and the growing metro rail network in the region.
|
Features of the Global Electric vehicle traction motor Market |
|
|
This report answers following 11 key questions |
|
Q.1 What are some of the most promising growth opportunities for the global electric vehicle traction motor market by type (alternating current and direct current), power rating (below 200 Kw, 200-400 Kw, above 400 Kw), application (railway, electric vehicles, industrial machinery, and others), 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 drivers and 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 and which companies are leading these developments? Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players 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 product substitution? Q.11 What M & A activity did occur in the last five years? |
Report Scope
| Key Features | Description |
| Base Year for Estimation | 2020 |
|
Trend Period (Actual Estimates) |
2015-2020 |
| Forecast Period | 2021-2026 |
| Pages | 210 |
| Market Representation / Units | Revenue in US $ Million |
| Regional Scope | North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | Type (Alternating Current And Direct Current), Power Rating (Below 200 Kw, 200-400 Kw, Above 400 Kw), Application (Railway, Electric Vehicle, Industrial Machinery, And Others) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
1. Executive Summary
7.2 Emerging Trends in the Global Electric Vehicle Traction Motor Market
4.1 Global Electric Vehicle Traction Motor Market by Region
4.2.1 Market by Type: Alternating Current And Direct Current
4.2.2 Market by Power Rating: Below 200 Kw, 200-400 Kw, Above 400 Kw
4.2.3 Market by Application: Railway, Electric Vehicle, Industrial Machinery, And Others
4.2.4 The US Electric Vehicle Traction Motor Market
4.2.5 Canadian Electric Vehicle Traction Motor Market
4.2.6 Mexican Electric Vehicle Traction Motor Market
4.3.1 Market by Type: Alternating Current And Direct Current
4.3.2 Market by Power Rating: Below 200 Kw, 200-400 Kw, Above 400 Kw
4.3.3 Market by Application: Railway, Electric Vehicle, Industrial Machinery, And Others
4.3.4 Electric Vehicle Traction Motor Market of the United Kingdom
4.3.5 German Electric Vehicle Traction motor Market
4.4.1 Market by Type: Alternating Current And Direct Current
4.4.2 Market by Power Rating: Below 200 Kw, 200-400 Kw, Above 400 Kw
4.4.3 Market by Application: Railway, Electric Vehicle, Industrial Machinery, And Others
4.4.4 Chinese Electric Vehicle Traction Motor Market
4.4.5 Japanese Electric Vehicle Traction Motor Market
4.4.6 Indian Electric Vehicle Traction Motor Market
4.5.1 Market by Type: Alternating Current And Direct Current
4.5.2 Market by Power Rating: Below 200 Kw, 200-400 Kw, Above 400 Kw
4.5.3 Market by Application: Railway, Electric Vehicle, Industrial Machinery, And Others
4.5.4 Middle Eastern Electric Vehicle Traction Motor Market
4.5.5 Brazilian Electric Vehicle Traction Motor Market
7.1.1 Growth Opportunities for the Global Electric Vehicle Traction Motor Market by Type
7.1.2 Growth Opportunities for the Global Electric Vehicle Traction Motor Market by Power Rating
7.1.3 Growth Opportunities for the Global Electric Vehicle Traction Motor Market by Application
7.1.4 Growth Opportunities for the Global Electric Vehicle Traction Motor Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Buy Now
Choose a license that fits your team. Instant PDF delivery.
Prices exclude taxes. Instant delivery. Custom licensing available on request.
