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 USD 571,809.04 million by 2034 growing from USD 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) | USD 84,995.77 million |
| Market Anticipated Forecast Value (2034) | USD 571,809.04 million |
| Market Projected Growth Rate (2024 to 2034) | 21% CAGR |
The global electric vehicle motor market was valued at USD 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 USD 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 USD 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) | USD 33,370.99 million |
| Market Revenue (2023) | USD 70,172.44 million |
| Market Historical Growth Rate (CAGR 2019 to 2023) | 20.1% CAGR |
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.
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% |
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.
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.
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 USD 9,781.5. For plug-in hybrid vehicles, the assistance might reach USD 7336.
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.
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.
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.
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.
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.
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 84,995.77 million |
| Projected Market Size (2034) | USD 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 | USD 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 |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Power, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by Power, 2019 to 2034
Table 7: Global Market Value (US$ Million) Forecast by Electric Vehicle Type, 2019 to 2034
Table 8: Global Market Volume (Units) Forecast by Electric Vehicle Type, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 13: North America Market Value (US$ Million) Forecast by Power, 2019 to 2034
Table 14: North America Market Volume (Units) Forecast by Power, 2019 to 2034
Table 15: North America Market Value (US$ Million) Forecast by Electric Vehicle Type, 2019 to 2034
Table 16: North America Market Volume (Units) Forecast by Electric Vehicle Type, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 19: Latin America Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 20: Latin America Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 21: Latin America Market Value (US$ Million) Forecast by Power, 2019 to 2034
Table 22: Latin America Market Volume (Units) Forecast by Power, 2019 to 2034
Table 23: Latin America Market Value (US$ Million) Forecast by Electric Vehicle Type, 2019 to 2034
Table 24: Latin America Market Volume (Units) Forecast by Electric Vehicle Type, 2019 to 2034
Table 25: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Western Europe Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 28: Western Europe Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 29: Western Europe Market Value (US$ Million) Forecast by Power, 2019 to 2034
Table 30: Western Europe Market Volume (Units) Forecast by Power, 2019 to 2034
Table 31: Western Europe Market Value (US$ Million) Forecast by Electric Vehicle Type, 2019 to 2034
Table 32: Western Europe Market Volume (Units) Forecast by Electric Vehicle Type, 2019 to 2034
Table 33: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 34: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 35: Eastern Europe Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 36: Eastern Europe Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 37: Eastern Europe Market Value (US$ Million) Forecast by Power, 2019 to 2034
Table 38: Eastern Europe Market Volume (Units) Forecast by Power, 2019 to 2034
Table 39: Eastern Europe Market Value (US$ Million) Forecast by Electric Vehicle Type, 2019 to 2034
Table 40: Eastern Europe Market Volume (Units) Forecast by Electric Vehicle Type, 2019 to 2034
Table 41: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 42: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 43: South Asia and Pacific Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 44: South Asia and Pacific Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 45: South Asia and Pacific Market Value (US$ Million) Forecast by Power, 2019 to 2034
Table 46: South Asia and Pacific Market Volume (Units) Forecast by Power, 2019 to 2034
Table 47: South Asia and Pacific Market Value (US$ Million) Forecast by Electric Vehicle Type, 2019 to 2034
Table 48: South Asia and Pacific Market Volume (Units) Forecast by Electric Vehicle Type, 2019 to 2034
Table 49: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 50: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 51: East Asia Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 52: East Asia Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 53: East Asia Market Value (US$ Million) Forecast by Power, 2019 to 2034
Table 54: East Asia Market Volume (Units) Forecast by Power, 2019 to 2034
Table 55: East Asia Market Value (US$ Million) Forecast by Electric Vehicle Type, 2019 to 2034
Table 56: East Asia Market Volume (Units) Forecast by Electric Vehicle Type, 2019 to 2034
Table 57: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 58: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 59: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 60: Middle East and Africa Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 61: Middle East and Africa Market Value (US$ Million) Forecast by Power, 2019 to 2034
Table 62: Middle East and Africa Market Volume (Units) Forecast by Power, 2019 to 2034
Table 63: Middle East and Africa Market Value (US$ Million) Forecast by Electric Vehicle Type, 2019 to 2034
Table 64: Middle East and Africa Market Volume (Units) Forecast by Electric Vehicle Type, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Power, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Electric Vehicle Type, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 9: Global Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 10: Global Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 13: Global Market Value (US$ Million) Analysis by Power, 2019 to 2034
Figure 14: Global Market Volume (Units) Analysis by Power, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by Power, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by Power, 2024 to 2034
Figure 17: Global Market Value (US$ Million) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 18: Global Market Volume (Units) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 19: Global Market Value Share (%) and BPS Analysis by Electric Vehicle Type, 2024 to 2034
Figure 20: Global Market Y-o-Y Growth (%) Projections by Electric Vehicle Type, 2024 to 2034
Figure 21: Global Market Attractiveness by Product Type, 2024 to 2034
Figure 22: Global Market Attractiveness by Power, 2024 to 2034
Figure 23: Global Market Attractiveness by Electric Vehicle Type, 2024 to 2034
Figure 24: Global Market Attractiveness by Region, 2024 to 2034
Figure 25: North America Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 26: North America Market Value (US$ Million) by Power, 2024 to 2034
Figure 27: North America Market Value (US$ Million) by Electric Vehicle Type, 2024 to 2034
Figure 28: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 30: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 33: North America Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 34: North America Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 37: North America Market Value (US$ Million) Analysis by Power, 2019 to 2034
Figure 38: North America Market Volume (Units) Analysis by Power, 2019 to 2034
Figure 39: North America Market Value Share (%) and BPS Analysis by Power, 2024 to 2034
Figure 40: North America Market Y-o-Y Growth (%) Projections by Power, 2024 to 2034
Figure 41: North America Market Value (US$ Million) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 42: North America Market Volume (Units) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 43: North America Market Value Share (%) and BPS Analysis by Electric Vehicle Type, 2024 to 2034
Figure 44: North America Market Y-o-Y Growth (%) Projections by Electric Vehicle Type, 2024 to 2034
Figure 45: North America Market Attractiveness by Product Type, 2024 to 2034
Figure 46: North America Market Attractiveness by Power, 2024 to 2034
Figure 47: North America Market Attractiveness by Electric Vehicle Type, 2024 to 2034
Figure 48: North America Market Attractiveness by Country, 2024 to 2034
Figure 49: Latin America Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 50: Latin America Market Value (US$ Million) by Power, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) by Electric Vehicle Type, 2024 to 2034
Figure 52: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 57: Latin America Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 58: Latin America Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 61: Latin America Market Value (US$ Million) Analysis by Power, 2019 to 2034
Figure 62: Latin America Market Volume (Units) Analysis by Power, 2019 to 2034
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Power, 2024 to 2034
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Power, 2024 to 2034
Figure 65: Latin America Market Value (US$ Million) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 66: Latin America Market Volume (Units) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Electric Vehicle Type, 2024 to 2034
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Electric Vehicle Type, 2024 to 2034
Figure 69: Latin America Market Attractiveness by Product Type, 2024 to 2034
Figure 70: Latin America Market Attractiveness by Power, 2024 to 2034
Figure 71: Latin America Market Attractiveness by Electric Vehicle Type, 2024 to 2034
Figure 72: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 73: Western Europe Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) by Power, 2024 to 2034
Figure 75: Western Europe Market Value (US$ Million) by Electric Vehicle Type, 2024 to 2034
Figure 76: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 77: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 78: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 79: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 80: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 81: Western Europe Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 82: Western Europe Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 83: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 84: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 85: Western Europe Market Value (US$ Million) Analysis by Power, 2019 to 2034
Figure 86: Western Europe Market Volume (Units) Analysis by Power, 2019 to 2034
Figure 87: Western Europe Market Value Share (%) and BPS Analysis by Power, 2024 to 2034
Figure 88: Western Europe Market Y-o-Y Growth (%) Projections by Power, 2024 to 2034
Figure 89: Western Europe Market Value (US$ Million) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 90: Western Europe Market Volume (Units) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 91: Western Europe Market Value Share (%) and BPS Analysis by Electric Vehicle Type, 2024 to 2034
Figure 92: Western Europe Market Y-o-Y Growth (%) Projections by Electric Vehicle Type, 2024 to 2034
Figure 93: Western Europe Market Attractiveness by Product Type, 2024 to 2034
Figure 94: Western Europe Market Attractiveness by Power, 2024 to 2034
Figure 95: Western Europe Market Attractiveness by Electric Vehicle Type, 2024 to 2034
Figure 96: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 97: Eastern Europe Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 98: Eastern Europe Market Value (US$ Million) by Power, 2024 to 2034
Figure 99: Eastern Europe Market Value (US$ Million) by Electric Vehicle Type, 2024 to 2034
Figure 100: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 101: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 102: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 103: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 104: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 105: Eastern Europe Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 106: Eastern Europe Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 107: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 108: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 109: Eastern Europe Market Value (US$ Million) Analysis by Power, 2019 to 2034
Figure 110: Eastern Europe Market Volume (Units) Analysis by Power, 2019 to 2034
Figure 111: Eastern Europe Market Value Share (%) and BPS Analysis by Power, 2024 to 2034
Figure 112: Eastern Europe Market Y-o-Y Growth (%) Projections by Power, 2024 to 2034
Figure 113: Eastern Europe Market Value (US$ Million) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 114: Eastern Europe Market Volume (Units) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 115: Eastern Europe Market Value Share (%) and BPS Analysis by Electric Vehicle Type, 2024 to 2034
Figure 116: Eastern Europe Market Y-o-Y Growth (%) Projections by Electric Vehicle Type, 2024 to 2034
Figure 117: Eastern Europe Market Attractiveness by Product Type, 2024 to 2034
Figure 118: Eastern Europe Market Attractiveness by Power, 2024 to 2034
Figure 119: Eastern Europe Market Attractiveness by Electric Vehicle Type, 2024 to 2034
Figure 120: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 121: South Asia and Pacific Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 122: South Asia and Pacific Market Value (US$ Million) by Power, 2024 to 2034
Figure 123: South Asia and Pacific Market Value (US$ Million) by Electric Vehicle Type, 2024 to 2034
Figure 124: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 127: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 128: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 129: South Asia and Pacific Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 130: South Asia and Pacific Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 131: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 132: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 133: South Asia and Pacific Market Value (US$ Million) Analysis by Power, 2019 to 2034
Figure 134: South Asia and Pacific Market Volume (Units) Analysis by Power, 2019 to 2034
Figure 135: South Asia and Pacific Market Value Share (%) and BPS Analysis by Power, 2024 to 2034
Figure 136: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Power, 2024 to 2034
Figure 137: South Asia and Pacific Market Value (US$ Million) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 138: South Asia and Pacific Market Volume (Units) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 139: South Asia and Pacific Market Value Share (%) and BPS Analysis by Electric Vehicle Type, 2024 to 2034
Figure 140: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Electric Vehicle Type, 2024 to 2034
Figure 141: South Asia and Pacific Market Attractiveness by Product Type, 2024 to 2034
Figure 142: South Asia and Pacific Market Attractiveness by Power, 2024 to 2034
Figure 143: South Asia and Pacific Market Attractiveness by Electric Vehicle Type, 2024 to 2034
Figure 144: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 145: East Asia Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 146: East Asia Market Value (US$ Million) by Power, 2024 to 2034
Figure 147: East Asia Market Value (US$ Million) by Electric Vehicle Type, 2024 to 2034
Figure 148: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 149: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 150: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 151: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 152: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 153: East Asia Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 154: East Asia Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 155: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 156: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 157: East Asia Market Value (US$ Million) Analysis by Power, 2019 to 2034
Figure 158: East Asia Market Volume (Units) Analysis by Power, 2019 to 2034
Figure 159: East Asia Market Value Share (%) and BPS Analysis by Power, 2024 to 2034
Figure 160: East Asia Market Y-o-Y Growth (%) Projections by Power, 2024 to 2034
Figure 161: East Asia Market Value (US$ Million) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 162: East Asia Market Volume (Units) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 163: East Asia Market Value Share (%) and BPS Analysis by Electric Vehicle Type, 2024 to 2034
Figure 164: East Asia Market Y-o-Y Growth (%) Projections by Electric Vehicle Type, 2024 to 2034
Figure 165: East Asia Market Attractiveness by Product Type, 2024 to 2034
Figure 166: East Asia Market Attractiveness by Power, 2024 to 2034
Figure 167: East Asia Market Attractiveness by Electric Vehicle Type, 2024 to 2034
Figure 168: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 169: Middle East and Africa Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 170: Middle East and Africa Market Value (US$ Million) by Power, 2024 to 2034
Figure 171: Middle East and Africa Market Value (US$ Million) by Electric Vehicle Type, 2024 to 2034
Figure 172: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 173: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 174: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 175: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 176: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 177: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 178: Middle East and Africa Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 179: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 180: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 181: Middle East and Africa Market Value (US$ Million) Analysis by Power, 2019 to 2034
Figure 182: Middle East and Africa Market Volume (Units) Analysis by Power, 2019 to 2034
Figure 183: Middle East and Africa Market Value Share (%) and BPS Analysis by Power, 2024 to 2034
Figure 184: Middle East and Africa Market Y-o-Y Growth (%) Projections by Power, 2024 to 2034
Figure 185: Middle East and Africa Market Value (US$ Million) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 186: Middle East and Africa Market Volume (Units) Analysis by Electric Vehicle Type, 2019 to 2034
Figure 187: Middle East and Africa Market Value Share (%) and BPS Analysis by Electric Vehicle Type, 2024 to 2034
Figure 188: Middle East and Africa Market Y-o-Y Growth (%) Projections by Electric Vehicle Type, 2024 to 2034
Figure 189: Middle East and Africa Market Attractiveness by Product Type, 2024 to 2034
Figure 190: Middle East and Africa Market Attractiveness by Power, 2024 to 2034
Figure 191: Middle East and Africa Market Attractiveness by Electric Vehicle Type, 2024 to 2034
Figure 192: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The global electric vehicle motor market is estimated to be around USD 84,995.77 million in 2024.
The global electric vehicle motor market is to grow at 21% during the forecast period.
The global electric vehicle motor market is predicted to be valued at USD 571,809.04 million by 2034.
The global electric vehicle motor market was valued at USD 33,370.99 million in 2019.
Alternating Current (AC) motors account for 83.8% share of the global electric vehicle motor market.
Japan is predicted to witness a CAGR of 22.7% in sales of electric vehicle motor through 2034.
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