Global Electric Vehicle Motor Market Outlook for 2024 to 2034

The global electric vehicle motor market is set to strengthen its market hold globally at a promising CAGR of 21% from 2024 to 2034. The net revenue generated from the global EV motor industry is forecasted to hold a revenue of US$ 571,809.04 million by 2034 growing from US$ 84,995.77 million in 2024. The electric vehicle motor market represents 14.3% of the total electric vehicles market share (BEV, HEV, and PHEV).

Report Attribute Details
Electric Vehicle Motor Market Size (2024) US$ 84,995.77 million
Market Anticipated Forecast Value (2034) US$ 571,809.04 million
Market Projected Growth Rate (2024 to 2034) 21% CAGR

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Factors accelerating the global electric vehicle motor demand

  • Automakers are compelled to produce alternate propulsion systems owing to the stringent emission regulations by several governments.
  • Manufacturers are mandated to develop efficient products due to stringent designing and manufacturing standards to improve their efficiency, such as the integration of AC synchronous motors with brushed current excitation.
  • Advancements in battery technologies have improved their charging speed and lowered battery costs making the EVs affordable and practical.
  • Established automotive companies are investing extensively in research and development (R&D) of advanced vehicle systems such as artificial intelligence (AI).
  • Automotive companies and motor manufacturers are involved in mergers and partnerships to integrate advanced vehicle systems such as fast charging technology, connected vehicle technology, and vehicle battery technology.

Global Electric Vehicle Motor Market Historical Analysis (2019 to 2023) Vs Forecast Outlook (2024 to 2034)

The global electric vehicle motor market was valued at US$ 33,370.99 million in 2019. From 2019 to 2023, demand for electric vehicle motors increased at an impressive 20.1% CAGR despite the challenges observed during the pandemic years. The overall market value was about US$ 70,172.44 million in 2023.

During this period several government authorities started providing subsidies and incentives for the adoption of electric vehicles to stay in line with emission control norms. For example, the Chinese government invested about US$ 600 billion to promote electric vehicles and the Indian government abolished regulations that hiked the price of electric vehicles.

Attributes Details
Electric Vehicle Motor Market Value (2019) US$ 33,370.99 million
Market Revenue (2023) US$ 70,172.44 million
Market Historical Growth Rate (CAGR 2019 to 2023) 20.1% CAGR
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Emerging Opportunities and Challenges for Electric Vehicle Motor Industry Players

Manufacturers of EVs are now integrating AC synchronous motors with brushed current excitation. Until now it was widely believed that brushless motors were the only practical choice for an electric vehicle. For instance, with the inclusion of brushed current-excited AC synchronous motors in the new i4 and iX, BMW has preserved the impact of electric vehicle propulsion on the market.

Despite the flourishing electric vehicle motor market size, the lower replacement rates are anticipated to negatively impact the aftermarket. Typically the life of electric vehicle motors is between 15 and 20 years.

However, certain motors available in the automotive market have a lifetime operational efficiency that reduces the need for replacement. Also, in emerging and price-sensitive nations, electric vehicle motor sales are constrained by higher prices and maintenance costs of EVs.

Comparative View of the Adjacent Electric Vehicle Motor Market

Figuring out trends in the electric vehicle drive motor market involves an analysis of opportunities and challenges in some other related markets. The promising growth rate of the global aircraft electric motor market suggests the technological advancements in this field. Any increment in sales of hybrid electric vehicles is likely to impact the target market directly.

Electric Vehicle Motor Market:

Attributes Electric Vehicle Motor Market
CAGR (2024 to 2034) 21%
Growth Factor Rapid increase in electric vehicle production and adoption across various countries is driving demand for electric vehicle motors.
Market Opportunities Emerging robotics technology is likely to offer production hike opportunities for the players in the EV powertrain market.
Market Challenges The life of an electric vehicle motor is typically between 15 and 20 years which limits its aftermarket sales.

Aircraft Electric Motor Market:

Attributes Aircraft Electric Motor Market
CAGR (2024 to 2034) 10.2%
Growth Factor More people can now afford personal aircrafts resulting in higher demand and use of aircraft electric motors.
Market Opportunities The aviation sector is experiencing a shift toward hybrid-electric aircraft engines.
Market Challenges The range and endurance of electric aircraft is constrained by limited battery capacity.

Plug in Hybrid Electric Vehicle (PHEV) Market:

Attributes Plug in Hybrid Electric Vehicle (PHEV) Market
CAGR (2024 to 2034) 17.9%
Growth Factor Battery, hybrid and plug in hybrid electric vehicles are becoming more energy-efficient over time.
Market Opportunities Almost all automakers now have ambitions to make BEVs their primary product in the forthcoming years.
Market Challenges High electric vehicle prices, and lack of infrastructure such as charging and servicing stations.

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Country-wise Insights

The table below lists the regional markets with favorable opportunities for electric vehicle traction motor market growth.

Regional Market Comparison CAGR (2024 to 2034)
United States 20.2%
Germany 20.1%
United Kingdom 20.9%
Japan 22.7%
India 20.9%

Stringent Vehicular Emission Norms Drive Sales of Electric Vehicles Motors

The United States held around 91% of the North American electric vehicle motor market in 2023. The market is set to lose 162 BPS points by 2034, following a CAGR of 20.2% over the projected years.

The United States electric vehicle drive system market is falling behind that of other emerging nations in Asia. However, favorable regulations to promote EV uses are likely to continue to have a positive impact on EV motor production and sales in the coming days. The United States is home to technologically advanced research institutes catering to the development of electric vehicles and the evolution of the modern electric vehicle motor market.

Currently, EV Companies are witnessing Higher Sales in the United Kingdom

Electric vehicle motor market sales in the United Kingdom are increasing promisingly and could exhibit a 20.9% CAGR through 2034.

The United Kingdom is currently the most lucrative electric vehicle motor market in Europe owing to high EV sales. National sales targets, municipal air-quality targets, and favorable laws support domestic production of EVs and emerging trends in EV motor technology.

High Demand for Luxury Electric Vehicles in Germany to Spur Demand

Over the forecast period, sales of electric vehicle motors in Germany are expected to grow at a CAGR of 20.1%. By the end of 2034, total sales of EV motors in the country are projected to grow by 6.2x.

The transition to more electric vehicles on German roadways is expected to be accelerated by the subsidies for buying an all-electric vehicle. Subsidies are available up to a maximum of US$ 9,781.5. For plug-in hybrid vehicles, the assistance might reach US$ 7336.

Increasing Sales of Electric Car Motor Kits in Japan to Augment Growth

Japan is projected to create a substantial incremental opportunity for its electric vehicle motor manufacturers by registering a CAGR of 22.7% through 2034.

Due to a notable expansion of Japan’s automotive sector, the industry participants, like Toyota or Honda, are aiming to increase their production of electric vehicles. As a result, Japan’s electric propulsion system market is increasing in size having a positive impact on electric vehicle motor sales.

Government Support is Bolstering the Electric Vehicle Motor Industry in India

India is emerging as a promising market for electric vehicle motor manufacturers with an anticipated CAGR of 20.9% from 2024 to 2034.

The Indian government has implemented laws to promote the production of electric vehicles to reduce dependence on foreign countries for electric mobility. The emergence of new EV manufacturers in the region is expected to strengthen the electric motor and EV motor technology market in the country. Furthermore, many global players have established their manufacturing facilities and technological centers in the country in recent years.

Category-wise Insights

AC Electric Motors is Preferred over DC Electric Motors

Based on product type, the electric motor operating on alternating current (AC) constitutes a segment with almost 83.8% market share in 2024.

Attributes Details
Top Product Type or Segment Alternating Current (AC)
Total Market Share in 2024 to 2034 83.8%

Electric vehicles with AC motors have the advantage of having a stronger grip when it comes to performance and efficiency, especially on bumpy routes. They can be utilized for longer and harder excursions and have higher acceleration.

Adoption of Powerful Electric Vehicle Motors in Electric Vehicles

In terms of power capacity, electric motors of power more than 200 kW are estimated to account for around 36.6% of the total market share market in 2024.

Attributes Details
Top Power Capacity Segment Above 200 kW
Total Market Share in 2024 36.6%

Over the past few years, production of electric vehicles has accelerated significantly, outpacing previous predictions creating a higher demand for electric motors in the range of 200 kW and more. A significant contributor to the increase in interest in BEVs is the quick drop in battery prices, which will eventually bring their prices to parity with those of ICE vehicles.

Competitive Landscape for the Electric Vehicle Motor Market

Leading players operating in the global electric motor for electric vehicle market are concentrating on improving the motors' efficiency via research and development. They are also entering into partnerships and collaborations with original equipment manufacturers (OEMs) to improve sales and market holding. Few OEMs anticipated or planned for BEV domination before the late 2030s, at the earliest, while most OEMs had plans to deploy BEVs three years ago.

Recent Developments in the Global Electric Vehicle Motor Market

Renault and WHYLOT have teamed to deploy axial flux motors in hybrid vehicles starting in 2025.

Western manufacturers have started to lower the amount of rare earth metals used in electric motors. Eastern manufacturers, like Toyota, have developed magnets that use 20 to 50% less neodymium than previous models, although they still employ permanent magnets.

Key Players Profiled in the Electric Vehicle Motor Market Report

  • Tesla Inc.
  • Aisin Seiki Co Ltd
  • Bosch Mobility
  • Siemens AG
  • Nidec Motor Corporation
  • ABB Ltd
  • Toshiba Corporation
  • Magna International
  • Mitsubishi Electric
  • Hitachi Astemo
  • Parker Hannifin Corp.
  • Delta Electronics Inc.
  • BYD
  • Mahle GmBH
  • Vitesco Technologies

Key Coverage in the Electric Vehicle Motor Market Report

  • Adjacent study on electric vehicle propulsion market.
  • Electric vehicle motor specifications and designs.
  • Electric vehicle motor price according to types.
  • Overview of electric vehicle drive system market.

Electric Vehicle Motor Market Report Scope

Attribute Details
Estimated Market Size (2024) US$ 84,995.77 million
Projected Market Size (2034) US$ 571,809.04 million
Anticipated Growth Rate (2024 to 2034) 21%
Forecast Period 2024 to 2034
Historical Data Available for 2019 to 2023
Market Analysis US$ million or billion for Value and Units for Volume
Key Regions Covered North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered By Product Type, By Power Capacity, By Electric Vehicle (EV) Type, and By Region
Key Companies Profiled
  • Tesla Inc.
  • Aisin Seiki Co Ltd
  • Bosch Mobility
  • Siemens AG
  • Nidec Motor Corporation
  • ABB Ltd
  • Toshiba Corporation
  • Magna International
  • Mitsubishi Electric
  • Hitachi Astemo
  • Parker Hannifin Corp.
  • Delta Electronics Inc.
  • BYD
  • Mahle GmBH
  • Vitesco Technologies
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Key Segments Covered by Electric Vehicle Motor Industry Survey Report

By Product Type:

  • Alternating Current (AC)
  • Direct Current (DC)

By Power Capacity:

  • Up to 100kW
  • 101 to 200kW
  • Above 200kW

By Electric Vehicle (EV) Type:

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Global Electric Vehicle Motor Market Currently?

The global electric vehicle motor market is estimated to be around US$ 84,995.77 million in 2024.

What is the Growth Outlook of the Electric Vehicle Motor Market?

The global electric vehicle motor market is to grow at 21% during the forecast period.

What is the projected Value of Electric Vehicle Motor Market by 2034?

The global electric vehicle motor market is predicted to be valued at US$ 571,809.04 million by 2034.

What was the Historical Size of the Electric Vehicle Motor Market?

The global electric vehicle motor market was valued at US$ 33,370.99 million in 2019.

Which Product Type Dominates the Global Electric Vehicle Motor Market?

Alternating Current (AC) motors account for 83.8% share of the global electric vehicle motor market.

Which Regional Electric Vehicle Motor Market has the Highest Growth Potential?

Japan is predicted to witness a CAGR of 22.7% in sales of electric vehicle motor through 2034.

Table of Content
1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Manufacturer

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034

        5.3.1. AC Motor

        5.3.2. DC Motor

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023

    5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Power

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power, 2019 to 2023

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power, 2024 to 2034

        6.3.1. Up to 100kW

        6.3.2. 101-200kW

        6.3.3. Above 200kW

    6.4. Y-o-Y Growth Trend Analysis By Power, 2019 to 2023

    6.5. Absolute $ Opportunity Analysis By Power, 2024 to 2034

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Electric Vehicle Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Electric Vehicle Type, 2019 to 2023

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Electric Vehicle Type, 2024 to 2034

        7.3.1. Battery Electric Vehicle

        7.3.2. Hybrid Vehicles

        7.3.3. Plug-in-Hybrid Vehicles

    7.4. Y-o-Y Growth Trend Analysis By Electric Vehicle Type, 2019 to 2023

    7.5. Absolute $ Opportunity Analysis By Electric Vehicle Type, 2024 to 2034

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023

    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Western Europe

        8.3.4. Eastern Europe

        8.3.5. South Asia and Pacific

        8.3.6. East Asia

        8.3.7. Middle East and Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Product Type

        9.2.3. By Power

        9.2.4. By Electric Vehicle Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product Type

        9.3.3. By Power

        9.3.4. By Electric Vehicle Type

    9.4. Key Takeaways

10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Product Type

        10.2.3. By Power

        10.2.4. By Electric Vehicle Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product Type

        10.3.3. By Power

        10.3.4. By Electric Vehicle Type

    10.4. Key Takeaways

11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. UK

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Western Europe

        11.2.2. By Product Type

        11.2.3. By Power

        11.2.4. By Electric Vehicle Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By Power

        11.3.4. By Electric Vehicle Type

    11.4. Key Takeaways

12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

        12.2.1. By Country

            12.2.1.1. Poland

            12.2.1.2. Russia

            12.2.1.3. Czech Republic

            12.2.1.4. Romania

            12.2.1.5. Rest of Eastern Europe

        12.2.2. By Product Type

        12.2.3. By Power

        12.2.4. By Electric Vehicle Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By Power

        12.3.4. By Electric Vehicle Type

    12.4. Key Takeaways

13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Bangladesh

            13.2.1.3. Australia

            13.2.1.4. New Zealand

            13.2.1.5. Rest of South Asia and Pacific

        13.2.2. By Product Type

        13.2.3. By Power

        13.2.4. By Electric Vehicle Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By Power

        13.3.4. By Electric Vehicle Type

    13.4. Key Takeaways

14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Product Type

        14.2.3. By Power

        14.2.4. By Electric Vehicle Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Type

        14.3.3. By Power

        14.3.4. By Electric Vehicle Type

    14.4. Key Takeaways

15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Product Type

        15.2.3. By Power

        15.2.4. By Electric Vehicle Type

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Product Type

        15.3.3. By Power

        15.3.4. By Electric Vehicle Type

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. USA

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2023

            16.1.2.1. By Product Type

            16.1.2.2. By Power

            16.1.2.3. By Electric Vehicle Type

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2023

            16.2.2.1. By Product Type

            16.2.2.2. By Power

            16.2.2.3. By Electric Vehicle Type

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2023

            16.3.2.1. By Product Type

            16.3.2.2. By Power

            16.3.2.3. By Electric Vehicle Type

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2023

            16.4.2.1. By Product Type

            16.4.2.2. By Power

            16.4.2.3. By Electric Vehicle Type

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2023

            16.5.2.1. By Product Type

            16.5.2.2. By Power

            16.5.2.3. By Electric Vehicle Type

    16.6. UK

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2023

            16.6.2.1. By Product Type

            16.6.2.2. By Power

            16.6.2.3. By Electric Vehicle Type

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2023

            16.7.2.1. By Product Type

            16.7.2.2. By Power

            16.7.2.3. By Electric Vehicle Type

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2023

            16.8.2.1. By Product Type

            16.8.2.2. By Power

            16.8.2.3. By Electric Vehicle Type

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2023

            16.9.2.1. By Product Type

            16.9.2.2. By Power

            16.9.2.3. By Electric Vehicle Type

    16.10. Poland

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2023

            16.10.2.1. By Product Type

            16.10.2.2. By Power

            16.10.2.3. By Electric Vehicle Type

    16.11. Russia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2023

            16.11.2.1. By Product Type

            16.11.2.2. By Power

            16.11.2.3. By Electric Vehicle Type

    16.12. Czech Republic

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2023

            16.12.2.1. By Product Type

            16.12.2.2. By Power

            16.12.2.3. By Electric Vehicle Type

    16.13. Romania

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2023

            16.13.2.1. By Product Type

            16.13.2.2. By Power

            16.13.2.3. By Electric Vehicle Type

    16.14. India

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2023

            16.14.2.1. By Product Type

            16.14.2.2. By Power

            16.14.2.3. By Electric Vehicle Type

    16.15. Bangladesh

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2023

            16.15.2.1. By Product Type

            16.15.2.2. By Power

            16.15.2.3. By Electric Vehicle Type

    16.16. Australia

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2023

            16.16.2.1. By Product Type

            16.16.2.2. By Power

            16.16.2.3. By Electric Vehicle Type

    16.17. New Zealand

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2023

            16.17.2.1. By Product Type

            16.17.2.2. By Power

            16.17.2.3. By Electric Vehicle Type

    16.18. China

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2023

            16.18.2.1. By Product Type

            16.18.2.2. By Power

            16.18.2.3. By Electric Vehicle Type

    16.19. Japan

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2023

            16.19.2.1. By Product Type

            16.19.2.2. By Power

            16.19.2.3. By Electric Vehicle Type

    16.20. South Korea

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2023

            16.20.2.1. By Product Type

            16.20.2.2. By Power

            16.20.2.3. By Electric Vehicle Type

    16.21. GCC Countries

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2023

            16.21.2.1. By Product Type

            16.21.2.2. By Power

            16.21.2.3. By Electric Vehicle Type

    16.22. South Africa

        16.22.1. Pricing Analysis

        16.22.2. Market Share Analysis, 2023

            16.22.2.1. By Product Type

            16.22.2.2. By Power

            16.22.2.3. By Electric Vehicle Type

    16.23. Israel

        16.23.1. Pricing Analysis

        16.23.2. Market Share Analysis, 2023

            16.23.2.1. By Product Type

            16.23.2.2. By Power

            16.23.2.3. By Electric Vehicle Type

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Product Type

        17.3.3. By Power

        17.3.4. By Electric Vehicle Type

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Tesla Inc.

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

                18.1.1.5.2. Product Strategy

                18.1.1.5.3. Channel Strategy

        18.1.2. Aisin Seiki Co Ltd

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

                18.1.2.5.2. Product Strategy

                18.1.2.5.3. Channel Strategy

        18.1.3. Bosch Mobility

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

                18.1.3.5.2. Product Strategy

                18.1.3.5.3. Channel Strategy

        18.1.4. Siemens AG

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

                18.1.4.5.2. Product Strategy

                18.1.4.5.3. Channel Strategy

        18.1.5. Nidec Motor Corporation

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

                18.1.5.5.2. Product Strategy

                18.1.5.5.3. Channel Strategy

        18.1.6. ABB Ltd

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

                18.1.6.5.2. Product Strategy

                18.1.6.5.3. Channel Strategy

        18.1.7. Toshiba Corporation

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

                18.1.7.5.2. Product Strategy

                18.1.7.5.3. Channel Strategy

        18.1.8. Magna International

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

                18.1.8.5.2. Product Strategy

                18.1.8.5.3. Channel Strategy

        18.1.9. Mitsubishi Electric

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

                18.1.9.5.2. Product Strategy

                18.1.9.5.3. Channel Strategy

        18.1.10. Hitachi Astemo

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

                18.1.10.5.2. Product Strategy

                18.1.10.5.3. Channel Strategy

        18.1.11. Parker Hannifin Corp.

            18.1.11.1. Overview

            18.1.11.2. Product Portfolio

            18.1.11.3. Profitability by Market Segments

            18.1.11.4. Sales Footprint

            18.1.11.5. Strategy Overview

                18.1.11.5.1. Marketing Strategy

                18.1.11.5.2. Product Strategy

                18.1.11.5.3. Channel Strategy

19. Assumptions & Acronyms Used

20. Research Methodology
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