According to a new market research report published by Market Research Future Electric Vehicle Motor Market Analysis From 2019 to 2023 by Motor Type (DC Brushed Motors, DC Brushless Motors, Induction (Asynchronous) Motor, Synchronous Motor And Switched Reluctance Motor), Power Rating (<40 Kw, 40 Kw-80 Kw And >80 Kw) And Region, the global Electric Vehicle Motor market accounted to hit the notable market value in 2023 and expected to witness 20% CAGR across the forecast period through 2019 to 2023. Electric Vehicle Motor Industry Report provides comprehensive information on Global Electric Vehicle Motor Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered:
Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Continental AG (Germany), Metric Mind Corporation (USA), Denso Corporation (Japan), Allied Motion Technologies Inc. (USA), Robert Bosch GmbH (Germany), Hitachi Automotive Systems Ltd. (Japan), and Tesla Inc. (USA), and BYD Auto Co. Ltd. (China).
Free Sample Copy of Electric Vehicle Motor Market Research Report Global Forecast to 2023 available at: https://www.marketresearchfuture.com/sample_request/5385
Electric Vehicle Motor Industry Insight:
The electric motor helps to convert electrical energy into mechanical energy for propulsion of the vehicle, with the objective of enabling regenerative braking or charging energies to generate electricity stored on board. Market Research Future (MRFR) asserts that the global electric vehicle motor market is poised to attain remarkable growth and is expected to register a striking CAGR of approximately 20% over the forecast period (2017-2023). Electric Vehicle Motor curb has low environmental impact.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
The major factor driving the growth of the electric vehicle motor is the increase in demand for improving the driving range of electric vehicles, which is in turn has a positive impact on the growth of the market over the forecast period. Other factors contributing to the market growth include government regulations to reduce carbon emissions, the introduction of tax incentives, and government subsidies for electric vehicles (EV) manufacturers and end users in order to encourage the use of EV.
Electric Vehicle Motor Market Segment Analysis:
Theglobal electric vehicle motor market has been segmented based on motor type and power rating.
Based on motor type, the electric vehicle motor market has been segmented as DC Brushed Motors, DC Brushless Motors, Induction (Asynchronous) Motor, Synchronous Motor and Switched Reluctance Motor. The DC Brushed Motors segment is anticipated to dominate the electric vehicle motor market. The ability of DC brushed motors to achieve high torque while the speed is low is expected to surge the DC Brushed Motors segment.
Based on the power rating, the global market has been segmented into 40 Kw-80 Kw, <40 Kw, and >80 Kw. The >80 kW segment is likely to dominate in the Electric Vehicle Motor market over the forecast period.
Regional Outlook:
The global Electric Vehicle Motor Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
In Europe, due to the population density, strict government regulations on carbon emissions, and the existence of numerous market players are likely to prompt the European electric vehicle motor market growth.
Asia Pacific and Rest of the World. Asia Pacific region is expected to contribute the highest to the electric car motor market. The rapid increase in production and sales of electric vehicles in countries such as Japan and China and the presence of original equipment manufacturers, will boost the growth of the Asia Pacific market.
In North America, the electric vehicle motor market is expected to escalate due to the hike in disposable income of its end users and the flourishing established automotive industry. Stringent regulations passed by the government on carbon emissions is likely to prompt the North American electric vehicle motor growth.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL ELECTRIC VEHICLE MOTOR MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF ELECTRIC VEHICLE MOTORS, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF ELECTRIC VEHICLE MOTORS, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
Continued…
List of Figures:
FIGURE 1 GLOBAL ELECTRIC VEHICLE MOTOR MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL ELECTRIC VEHICLE MOTOR MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL ELECTRIC VEHICLE MOTOR MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL ELECTRIC VEHICLE MOTOR MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL ELECTRIC VEHICLE MOTOR MARKET 31
FIGURE 9 PORTERS FIVE FORCES MODEL: GLOBAL ELECTRIC VEHICLE MOTOR MARKET 32
FIGURE 10 MARKETING CHANNEL OF ELECTRIC VEHICLE MOTOR 40
Continued…
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