A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
This report contains market size and forecasts of Traction Motor in global, including the following market information:
Global Traction Motor Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Traction Motor Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Traction Motor companies in 2021 (%)
The global Traction Motor market was valued at 18510 million in 2021 and is projected to reach US$ 285870 million by 2028, at a CAGR of 47.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
AC Induction Motor Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Traction Motor include BYD, ZF, Nissan, Continental AG, Meidensha, Broad-Ocean, Jing-Jin Electric Technologies, BMW and BOSCH, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Traction Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Traction Motor Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Traction Motor Market Segment Percentages, by Type, 2021 (%)
AC Induction Motor
Permanent Magnet Motor
Other Types
Global Traction Motor Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Traction Motor Market Segment Percentages, by Application, 2021 (%)
Passenger cars
Commercial vehicles
Others
Global Traction Motor Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Traction Motor Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Traction Motor revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Traction Motor revenues share in global market, 2021 (%)
Key companies Traction Motor sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Traction Motor sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BYD
ZF
Nissan
Continental AG
Meidensha
Broad-Ocean
Jing-Jin Electric Technologies
BMW
BOSCH
Fukuta
Dajun Tech
Hitachi Automotive Systems
Remy International
Magna
Deyang Electrics
Greatland Electrics