Automotive Traction Motor Market

Automotive Traction Motor Market by Motor Type (PMSM, DC Brushless, and AC Induction), Type (AC, DC), EV Type (BEV, HEV, PHEV), Power Output (less than 200 KW, 200-400 KW, and above 400 KW), Vehicle Type (PC and CV) & Region - Global Forecast to 2026

Report Code: AT 7854 Mar, 2021, by marketsandmarkets.com

[225 Pages Report] The global automotive traction motor market is projected to grow at a CAGR of 33.7% from USD 4.1 billion in 2021 to USD 17.3 billion by 2026. Increasing demand of electric vehicles, manufacturing of high performance motors, and supporting government policies are factors responsible to drive the market.

Technological advancements in EVs have an immense role to play in the growing demand for traction motors. These new technologies are grabbing the attention of EV manufacturers worldwide. For instance, in October 2019, BMW Group awarded Magna International its largest production order for transmission technologies. The multi-year contract includes all front-wheel drive dual-clutch transmissions, including hybrid transmission variants. The transmission technologies will be used in more than 170 different vehicle applications. Magna’s new hybrid solution has no impact on the overall package size of the transmission, thus providing BMW with manufacturing flexibility.

Automotive Traction Motor Market

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COVID-19 Impact On automotive traction motor market:

Although the overall production and sales of new vehicles came to a halt across the globe due to the outbreak of COVID-19, the impact on electric vehicles was positive. The number of EVs sold in 2020 was more than the total EVs sold in 2019. However, component manufacturing was affected negatively, and small Tier II & Tier III manufacturers faced liquidity issues. However, the industry witnessed a slow recovery from the second half of 2020, with global deliveries of BEVs and PHEVs increasing 43% year-on-year, though the global light vehicle market witnessed a decline in growth by 14%. According to EV-Volumes, the global EV market share increased from 2.5% in 2019 to 4.2% in 2020. Almost 1.4 million plug-in EVs were sold in Europe in 2020, approximately 137% more than in 2019. Key factors for the growth in Europe were new models; incentive boosts by green recovery funds; the 95g CO2 emission mandate; and the intense promotion of plug-in EVs. In China, NEV sales recovered in the second half of 2020, with a growth rate of more than 80% year-on-year from July to December. EV sales in the US only increased by 4%, despite the Tesla Model-Y launch. A decline in EVs sales was witnessed in Japan, Canada, and Australia.

Due to the pandemic, many countries imposed a complete lockdown of more than two months, which, in turn, impacted the production of electric vehicles and battery components. Manufacturing units around the world were shut down, and electric vehicle sales took a significant hit initially. However, the majority of the automakers resumed vehicle production with limited production and necessary measures.

Automotive traction motor makers suffered from a significant reduction in revenue in Q1 of 2020 due to the COVID-19 pandemic, though sales and net profit improved by Q3 of 2020. The net organic sales BorgWarner decreased by 43% in Q2 2020 as compared to Q2 2019. However, the company made recovery in Q3 2020 with net sales increasing by 2% as compared to year 2019 Q3. The impact of COVID-19 on Schaeffler was significant, with the sales of the first half of 2020 declining by 22.9% as compared to the first half of the previous year. DENSO Corporation saw a minor reduction in revenue, with March 2020 figures showing a decline of around 3%. The segmental revenue figures of year 2020 were roughly the same as that of the previous year. The company has proactively responded to the COVID-19 crisis by identifying risks and opportunities based on factors brought about by the economic disruption and resulting technological disruption due to the pandemic. These include the shift towards a recycling oriented low-carbon society, diversification of people’s values and consumption behavior, and emergence of social issues.

Although the pandemic impacted the revenues of major players, the sale of electric vehicles increased in many countries, leading to overall growth in the automotive traction motor market in 2020.Upcoming supply contracts and new product developments are expected to lead to a steady recovery post 2020, further supporting the growth of the  market.

Market Dynamics:

Driver: Increased demand for high-performance motors

Advanced motor designs, enhanced tolerance levels, and increased usage of superior magnetic materials have led to the need for higher efficiency levels in motors. There is a growing demand for compact and energy-efficient motors. Electric traction motors are mainly used in electric vehicles. In electric vehicles, permanent magnet motors are widely used as traction motors due to their higher efficiency level, power density, smaller size, and lower weight as compared to induction (asynchronous) motors.

In comparison with large motors, smaller motors are cheaper, more efficient, and easier to use. High-performance permanent magnet IE4 and IE5 motors offer immediate benefits to OEMs as well as various other end-users. They are low maintenance and can produce high torque at low speeds. Electric motors have completely replaced steam engines for powering locomotives, thereby driving the market for automotive traction motors.

Restraint: Limited availability and price volatility of materials used in production

The automotive traction motor market has witnessed numerous innovations and technological advancements in electric vehicles (EVs). An electrical drive train is a major component in EVs. It converts electrical energy into mechanical energy. Major issues associated with its manufacturing include less material availability and cost competitiveness. Continuous efforts are made by manufacturers to improve electric motors using newer materials for high operational efficiency. Alternate technologies that have been considered include reduced NdFeB (Neodyium iron boron) magnet, ferrite permanent magnet, copper rotor induction, wound rotor synchronous, and switched reluctance motor.

The preponderance of these materials is exported by China, which holds almost 35-40% of the world reserves of rare earth elements such as neodymium and dysprosium. These materials are critical to all manner of magnetic products. Neodymium Iron Boron (NdFeB), for instance, facilitates the creation of compact and powerful traction motors. However, by 2012, these materials had begun to increase in price, compelling the industry to look for alternatives with more availability and sustainability. For instance, Toyota is developing electric motors that include up to 50% less rare-earth metals due to concerns over a supply shortage. The company has created a new type of magnet for motors that can reduce the use of neodymium by half and eliminate the usage of elements like terbium and dysprosium. Toyota has proposed to use lanthanum and cerium instead, which cost 20 times less than neodymium.

Opportunity: Implementation of stringent emission norms & environmental regulations

The stringent regulations formulated to reduce C02 emissions are likely to change the automotive sector in the US, China, and Japan over the next decade. While automotive OEMs are focused on the electrification of vehicles, consumers are becoming more aware of the impact of vehicular emissions on the environment. Governments are also taking effective measures, such as tax subsidies, to promote the adoption of electric vehicles. For instance, in India, the budget for FY2020 included a reduction in the GST rate for electric vehicles from 12% to 5%. Also, an added income tax deduction of USD 2,146 (INR 1.5 lakh) on the interest paid on the loans taken to purchase electric vehicles is further propelling OEMs to invest in e-mobility. Conventional ICEs are expected to be replaced by electric and hybrid powertrains by 2025. The increasing number of electric vehicles will create new opportunities for traction motor companies. Thus, the shift toward electric vehicles will help the global automotive traction motor market grow further in the coming years. For instance, Ford announced its plan to have around 40 electrified models in showrooms by 2022, including 16 all-new battery-electric vehicles. Honda also claimed electrified vehicles would account for two-thirds of the company’s global sales by 2030. General Motors plans 20 electrified models globally by 2023. As the list grows, it is clear that in a few years, propulsion-system electrification will no longer be news due to growing CO2 reduction targets.

Challenge: Overheating of traction motors

Excessive heat causes rapid deterioration of the motors. Leading standardization organizations have concluded that 30% of motor failures are attributed to insulation failure, while 60% of these are caused by overheating. Increases in the temperature of traction motors reduce their lifespan. There are many reasons that traction motors could get overheated. Primary reasons include:

  • Overload: The standard current tests most load levels, but overvoltage may still be an issue. Reducing the current may not entirely reduce excessive heat. It is best to know the operating capacity of the motors. Maintaining that level helps keep excessive heat to a minimum.
  • Starting and stopping: Limiting how often the motor starts and stops reduces its heat. Online motor testing is the easiest way to monitor the starting and stopping of the machine.
  • Poor power conditions: Power conditions often result in overheating. Poor power is associated with the use of variable frequency drives (VFDs), although the VFDs may not be the primary cause of the problem.
  • Operating conditions: Operating electric motors in poor environmental conditions also leads to excessive heat. Associated problems include clogged ducts and high ambient temperature.

Automotive Traction Motor Market: Ecosystem

Automotive Traction Motor Market  by Region

The passenger cars segment is expected to be the largest vehicle type market

Among all vehicle types, passenger cars is the major market for automotive traction motors, considering the overall production globally. According to the European Automobile Manufacturers Association (ACEA), passenger car production hit around 75 million units in 2019. This increasing production volume is expected to be the major driver for the growth of the automotive traction motor market. Passenger vehicles is the most focused segment for traction motor manufacturers. The technologies used in these vehicles are frequently changing due to the high demand from consumers for luxurious and fuel-efficient features. Also, government regulations for emissions are frequently changing, which is influencing manufacturers to increase the power output range of passenger vehicles and offer energy-efficient as well as low maintenance technologies to consumers. Due to the increasing demand for electric vehicles, the implementation of traction motors has surged among automotive makers, which is also supporting the market growth.

The PMSM segment in motor type will be leading the automotive traction motor market during the forecast period

PMSMs are similar to DC brushless motors and contain permanent magnets on the rotor. While these motors also have traction characteristics like high power density and high efficiency, they have sinusoidal back EMF. PMSMs are available for higher power ratings and best suited for high-performance applications like cars and buses. Although PMSM motors are expensive, they are highly energy efficient. Most automotive manufacturers use PMSM motors for hybrid and electric vehicles, including the Toyota Prius, Chevrolet Bolt EV, Ford Focus Electric, Zero Motorcycles S/SR, Nissan Leaf, Honda Accord, and BMW i3.

The European automotive traction motor market is projected to be the fastest by 2026

Europe is estimated to account for a share of 23.0% of the global automotive traction motor market, in terms of value, in 2021 and is expected to witness a CAGR of 39.5% in the said market during the forecast period. The growth of the market in the region largely depends on government incentives and funds because electric vehicles are highly expensive at present.

Countries such as Germany, France, Spain, the UK, and Italy are considered under Europe for market analysis. The prominent presence of OEMs such as VDL Groep (Netherlands) and AB Volvo (Sweden) offers opportunities for the growth of the automotive traction motor market in the region. The intense focus of the government on imposing stringent environmental regulations encourages market players to develop advanced vehicles and set up facilities wherein various critical vehicle parts are tested, which will further propel the growth of the market for high-power-output traction motors. For example, in July 2019, ZF Friedrichshafen AG, to expand its expertise in E-Mobility research, inaugurated a new building for R&D, administration, and sales at its divisional headquarters in Schweinfurt, Germany. The new R&D center has 16 Test Benches and facilities wherein electric and hybrid drives and their components are tested. Similarly, in November 2020, Mahle Group commissioned a test bench for electric drives in Stuttgart, Germany, with an investment of around USD 3.5 million. This equipment is used to develop and test e-axles and e-drive units for a wide range of electric and hybrid vehicles. The test facility includes an e-axle unit that consists of two oppositely mounted load machines equipped with permanent magnet synchronous electric motors.

Automotive Traction Motor Market  Size, and Share

Key Market Players

The global automotive traction motor market is dominated by major players BorgWarner Inc. (US), Schaeffler Group (Germany), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany).The key strategies adopted by these companies to sustain their market position are new product developments,merges & acquistions, supply contracts, partnerships, expanisons, collaborations, acquisitions, and contracts & agreements.

Scope of the Report

Report Metric

Details

Market size available for years

2018–2026

Base year considered

2021

Forecast period

2021-2026

Forecast units

Value (USD Million) and Volume (Thousand Units)

Segments covered

Vehicle Type, EV Type, Type, Motor Type, Power Output, and Region

Geographies covered

Asia Pacific, Europe, and North America

Companies Covered

BorgWarner Inc. (US), Schaeffler Group (Germany), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany)
A total of 25 major company profiles covered and provided

This research report categorizes the automotive traction market based on vehicle type, EV type, motor type, type, power output, and region.

Based on the Vehicle Type:

  • Passenger cars
  • Commercial vehicles

Based on the EV Type:

  • BEV
  • HEV
  • PHEV

Based on the Type:

  • AC
  • DC

Based on the Motor Type:

  • PMSM
  • DC Brushless
  • AC induction

Based on the Power Output:

  • Less than 200 kW
  • 200-400 kW
  • Above 400 kW

Based on the Region:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom

Recent Developments

  • In Januray 2021, BYD Co. Ltd. launched its DM-i super hybrid technology for plug-in hybrid electric vehicles (PHEVs). Vehicles using DM-i are driven by a high-power electric motor wrapped by flat wire. The PHEVs using DM-i technology are less dependent on IC engines for power, hence increasing fuel efficiency.
  • In Februray 2021, Schaeffler Group announced that, starting from 2024, it will design and manufacture a hybrid EV drive unit comprising two electric motors and transmission with integrated power electronics. A system power rating of 120 kW will offer high-performance with low fuel consumption. This is in line with the recent order for dedicated hybrid drives.
  • In August 2020, BorgWarner Inc. announced that it is building a power-packed Integrated Drive Module (iDM) for Ford. The iDM comes complete with a BorgWarner thermal-management system and gearbox integrated with motor and power electronics. The iDM enables handling of high torque of up to 4,278 Nm and high input speeds up to 13,800 rpm.
  • In November 2020, ZF Friedrichshafen AG introduced a new concept of “EV Plus” Plug-Hybrid Electric Vehicle (PHEV) that will help in the permanent reduction of CO2 emissions in PHEVs. This would be achieved by plug-in hybrid drive, a mixture of internal combustion engine and electric motor. The vehicle drive would be efficient enough to run a PHEV for 100 kilometers in a single charge using efficient motor and regenerative braking. This would reduce the dependence on IC engines in vehicles, thus reducing carbon emissions.
  • In March 2019, Nidec Corporation presented a prototype of a traction motor designed to be fitted inside the wheel hubs. The in-wheel motors are incorporated directly into the wheels of the automobile. Benefits of this set-up include higher efficiency because of driving the wheels directly and bypassing the need for conventional power transmission mechanisms. A single in-wheel motor can achieve a power output of over 100 kW motor and is compatible with all the common car layouts, i.e., Rear-WD (wheel drive), Front-WD, and 4-WD.
  • In August 2018, Robert Bosch GmbH announced the development of a new electric powertrain for urban vans/trucks named Bosch’s eCityTruck powertrain in two versions, with or without a transmission system. The powertrain integrates the electric motor, the electronics, and the transmission in a single housing, thus reducing the complexity of the electric drive and making the powertrain less expensive and more compact and efficient. The modular axle drive is also suitable for light commercial vehicles.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
                    TABLE 1 INCLUSIONS & EXCLUSIONS FOR AUTOMOTIVE TRACTION MOTOR MARKET
    1.3 MARKET SCOPE
           FIGURE 1 MARKET SEGMENTATION: AUTOMOTIVE TRACTION MOTOR MARKET
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           FIGURE 3 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, & REGION
                    2.1.2.1 List of primary participants
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           TABLE 2 CAR MODELS WITH MOTOR TYPE AND NUMBERS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 6 AUTOMOTIVE TRACTION MOTOR MARKET SIZE: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR MARKET: TOP-DOWN APPROACH
                    FIGURE 8 MARKET: RESEARCH DESIGN & METHODOLOGY
                    FIGURE 9 MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF ZF REVENUE ESTIMATION
           2.3.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
    2.4 DATA TRIANGULATION
           FIGURE 10 DATA TRIANGULATION
    2.5 FACTOR ANALYSIS
    2.6 RESEARCH ASSUMPTIONS
    2.7 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 11 AUTOMOTIVE TRACTION MOTOR MARKET: MARKET DYNAMICS
    FIGURE 12 MARKET, BY REGION, 2021–2026
    FIGURE 13 PASSENGER CARS SEGMENT ESTIMATED TO LEAD MARKET FROM 2021 TO 2026
    FIGURE 14 BEV SEGMENT ESTIMATED TO LEAD MARKET FROM 2021 TO 2026
    TABLE 3 TRACTION MOTOR: SUPPLIERS INFORMATION
    3.1 COVID-19 IMPACT ON MARKET, 2018–2026

4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
           FIGURE 15 INCREASING ADOPTION OF ELECTRIC VEHICLES AND GOVERNMENT INCENTIVES TO DRIVE MARKET IN NEXT FIVE YEARS
    4.2 AUTOMOTIVE TRACTION MOTOR MARKET, BY REGION
           FIGURE 16 ASIA PACIFIC ESTIMATED TO DOMINATE MARKET IN 2021
    4.3 ASIA PACIFIC MARKET, BY COUNTRY & VEHICLE TYPE
           FIGURE 17 CHINA ESTIMATED TO BE LARGEST MARKET IN ASIA PACIFIC IN 2021
    4.4 MARKET, BY VEHICLE TYPE
           FIGURE 18 PASSENGER CARS SEGMENT EXPECTED TO BE LARGEST SEGMENT FROM 2021 TO 2026
    4.5 MARKET, BY EV TYPE
           FIGURE 19 BEV SEGMENT PROJECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.6 MARKET, BY TYPE
           FIGURE 20 AC SEGMENT EXPECTED TO BE LARGEST SEGMENT FROM 2021 TO 2026
    4.7 AUTOMOTIVE TRACTION MOTOR MARKET, BY POWER OUTPUT
           FIGURE 21 LESS THAN 200 KW SEGMENT PROJECTED TO RECORD HIGHER CAGR DURING FORECAST PERIOD
    4.8 MARKET, BY MOTOR TYPE
           FIGURE 22 PMSM ESTIMATED TO BE LARGEST SEGMENT IN 2021

5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION
           TABLE 4 TRACTION MOTORS IN PASSENGER CARS
    5.2 MARKET DYNAMICS
           FIGURE 23 AUTOMOTIVE TRACTION MOTOR MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increased demand for high-performance motors
                    5.2.1.2 Rising demand for electric vehicles
                               FIGURE 24 GLOBAL EV SALES, 2017-2020
                               TABLE 5 GOVERNMENT INCENTIVES, BY COUNTRY
                    5.2.1.3 Advancements in electrical drives for traction systems
                               FIGURE 25 TRACTION MOTOR USED IN CHEVROLET VOLT ELECTRIC VEHICLE
           5.2.2 RESTRAINTS
                    5.2.2.1 Limited availability and price volatility of materials used in production
                               FIGURE 26 COPPER (LME) PRICE TREND (IN USD PER METRIC TON), JANUARY 2016–OCTOBER 2019
                               TABLE 6 MATERIALS USED IN ELECTRIC MOTOR
                    5.2.2.2 Limited EV charging infrastructure
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Implementation of stringent emission norms & environmental regulations
                               FIGURE 27 GLOBAL FUEL ECONOMY AND CO2 EMISSION DATA (2016–2025)
                               TABLE 7 KEY COUNTRIES: PASSENGER CAR EMISSION REGULATION SPECIFICATION OVERVIEW, BY FUEL TYPE, 2016–2021
                    5.2.3.2 Unstable prices of fossil fuels
                               FIGURE 28 CRUDE OIL FLUCTUATING PRICES
           5.2.4 CHALLENGES
                    5.2.4.1 Overheating of traction motors
                    5.2.4.2 Reduced subsidies for EVs
                               TABLE 8 SUBSIDIES OFFERED FOR ELECTRIC VEHICLES IN CHINA
           5.2.5 IMPACT OF MARKET DYNAMICS
                    TABLE 9 AUTOMOTIVE TRACTION MOTOR MARKET: IMPACT OF MARKET DYNAMICS
    5.3 AUTOMOTIVE TRACTION MARKET, MARKET SCENARIOS (2018–2026)
           FIGURE 29 MARKET: FUTURE TRENDS & SCENARIOS, 2018–2026
           5.3.1 MOST LIKELY SCENARIO
                    TABLE 10 MARKET: MOST LIKELY SCENARIO, BY REGION, 2018–2026 (USD MILLION)
           5.3.2 OPTIMISTIC SCENARIO
                    TABLE 11 MARKET: OPTIMISTIC SCENARIO, BY REGION, 2020–2026 (USD MILLION)
           5.3.3 PESSIMISTIC SCENARIO
                    TABLE 12 MARKET: PESSIMISTIC SCENARIO, BY REGION, 2020–2026 (USD MILLION)
    5.4 PORTER’S FIVE FORCES
           FIGURE 30 PORTER’S FIVE FORCES: MARKET
           TABLE 13 AUTOMOTIVE TRACTION MOTOR MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.4.1 THREAT OF NEW ENTRANTS
                    5.4.1.1 Entry of new market players
                    5.4.1.2 New developments by OEMs to stay in competition
           5.4.2 THREAT OF SUBSTITUTES
                    5.4.2.1 Adoption of clean fuel vehicles
                    5.4.2.2 Emergence of alternative motors
           5.4.3 BARGAINING POWER OF BUYERS
                    5.4.3.1 Rise in demand for automotive traction motors
                    5.4.3.2 Declining prices of EVs
                    5.4.3.3 Availability of alternative motors and suppliers
           5.4.4 BARGAINING POWER OF SUPPLIERS
                    5.4.4.1 Demand for major raw materials
                    5.4.4.2 Price fluctuations of major raw materials
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
                    5.4.5.1 Pre-established market players
                    5.4.5.2 New developments related to automotive traction motors
    5.5 PRICING ANALYSIS
           FIGURE 31 AUTOMOTIVE TRACTION MOTOR MARKET: APPROXIMATE PRICE OF MOTORS BY YEAR
           FIGURE 32 MARKET: EV POWERTRAIN COST BREAKDOWN IN 2017 (BASE YEAR)
           FIGURE 33 MARKET: EV POWERTRAIN COST BREAKDOWN IN 2025 (ESTIMATE)
    5.6 SUPPLY CHAIN ANALYSIS
           FIGURE 34 MARKET: SUPPLY CHAIN ANALYSIS
    5.7 ECOSYSTEM
           FIGURE 35 ECOSYSTEM OF MARKET
           TABLE 14 AUTOMOTIVE TRACTION MOTOR MARKET: ECOSYSTEM
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 INTRODUCTION
           5.8.2 HYBRID AND ELECTRIC DRIVE MODULES
           5.8.3 HIGH-POWER ELECTRIC MOTORS
                    FIGURE 36 48 VOLT ELECTRIFICATIONS
    5.9 PATENT ANALYSIS
           TABLE 15 IMPORTANT PATENT REGISTRATIONS RELATED TO AUTOMOTIVE TRACTION MOTOR MARKET
    5.10 CASE STUDY
           5.10.1 INTELLIGENT MOTORS EQUIPPED WITH MICROCOMPUTERS
           5.10.2 E-BIKE SYSTEMS INNOVATION BY BOSCH
           5.10.3 SCHAEFFLER PLAYS AN IMPORTANT ROLE IN DEVELOPMENT OF RACING VEHICLES IN ‘DTM’
    5.11 TRADE/SALES DATA
           5.11.1 CHINA
                    TABLE 16 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN CHINA (UNITS)
           5.11.2 JAPAN
                    TABLE 17 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN JAPAN (UNITS)
           5.11.3 SOUTH KOREA
                    TABLE 18 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN SOUTH KOREA (UNITS)
           5.11.4 INDIA
                    TABLE 19 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN INDIA (UNITS)
           5.11.5 US
                    TABLE 20 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN US (UNITS)
           5.11.6 GERMANY
                    TABLE 21 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN GERMANY (UNITS)
           5.11.7 UK
                    TABLE 22 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN UK (UNITS)
           5.11.8 NORWAY
                    TABLE 23 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN NORWAY (UNITS)
    5.12 REGULATORY OVERVIEW
                    TABLE 24 REGULATIONS FOR AUTOMOTIVE TRACTION MOTORS
    5.13 AUTOMOTIVE TRACTION MOTOR MARKET: COVID-19 IMPACT
           5.13.1 IMPACT ON RAW MATERIAL SUPPLY
           5.13.2 IMPACT ON TRACTION MOTOR PRODUCTION
           5.13.3 IMPACT DUE ON EV DEMAND

6 AUTOMOTIVE TRACTION MOTOR MARKET, BY MOTOR TYPE (Page No. - 80)
    6.1 INTRODUCTION
           FIGURE 37 MARKET, BY MOTOR TYPE, 2021 VS. 2026
           TABLE 25 MARKET, BY MOTOR TYPE, 2018–2026 (THOUSAND UNITS)
           TABLE 26 MARKET, BY MOTOR TYPE, 2018–2026 (USD MILLION)
    6.2 OPERATIONAL DATA
           TABLE 27 GOVERNMENT PROGRAMS FOR PROMOTION OF ELECTRIC COMMERCIAL VEHICLE SALES
           6.2.1 ASSUMPTIONS
           6.2.2 RESEARCH METHODOLOGY
           6.2.3 KEY PRIMARY INSIGHTS
                    FIGURE 38 KEY PRIMARY INSIGHTS
    6.3 PMSM
           6.3.1 SUITED TO HIGH-PERFORMANCE APPLICATIONS
                    TABLE 28 PMSM: AUTOMOTIVE TRACTION MOTOR MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 29 PMSM: MARKET, BY REGION, 2018–2026 (USD MILLION)
    6.4 AC INDUCTION MOTORS
           6.4.1 LIMITED COMPLEXITY AND LOW COST TO DRIVE DEMAND
                    TABLE 30 AC INDUCTION MOTORS: MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 31 AC INDUCTION MOTORS: MARKET, BY REGION, 2018–2026 (USD MILLION)

7 AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE (Page No. - 86)
    7.1 INTRODUCTION
           FIGURE 39 MARKET, BY EV TYPE, 2021 VS. 2026
           TABLE 32 MARKET, BY EV TYPE, 2018–2026 (THOUSAND UNITS)
           TABLE 33 AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE, 2018–2026 (USD MILLION)
    7.2 OPERATIONAL DATA
           TABLE 34 ELECTRIC COMMERCIAL VEHICLE DATA, BY COMPANY, MODEL, AND PROPULSION TYPE
           FIGURE 40 US: PLUG-IN SALES, BY MODEL
           7.2.1 ASSUMPTIONS
           7.2.2 RESEARCH METHODOLOGY
           7.2.3 KEY PRIMARY INSIGHTS
                    FIGURE 41 KEY PRIMARY INSIGHTS
    7.3 BATTERY ELECTRIC VEHICLE (BEV)
           7.3.1 STRICT EMISSION NORMS WILL DRIVE DEMAND FOR BEVS
                    TABLE 35 BEV: AUTOMOTIVE TRACTION MOTOR MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 36 BEV: MARKET, BY REGION, 2018–2026 (USD MILLION)
    7.4 HYBRID ELECTRIC VEHICLE (HEV)
           7.4.1 LESSER REQUIREMENT OF ELECTRIC POWER INCREASES DEMAND FOR HEVS
                    TABLE 37 HEV: MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 38 HEV: MARKET, BY REGION, 2018–2026 (USD MILLION)
    7.5 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
           7.5.1 HIGH ELECTRIC RANGE OF PHEVS WILL DRIVE MARKET SIGNIFICANTLY
                    TABLE 39 PHEV: MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 40 PHEV: AUTOMOTIVE TRACTION MOTOR MARKET, BY REGION, 2018–2026 (USD MILLION)

8 AUTOMOTIVE TRACTION MOTOR MARKET, BY POWER OUTPUT (Page No. - 94)
    8.1 INTRODUCTION
           FIGURE 42 MARKET, BY POWER OUTPUT, 2021 VS. 2026
           TABLE 41 MARKET, BY POWER OUTPUT, 2018–2026 (THOUSAND UNITS)
           TABLE 42 MARKET, BY POWER OUTPUT, 2018–2026 (USD MILLION)
    8.2 OPERATIONAL DATA
           TABLE 43 ELECTRIC VEHICLES, BY MODEL, VEHICLE TYPE & PROPULSION
           8.2.1 ASSUMPTIONS
           8.2.2 RESEARCH METHODOLOGY
           8.2.3 KEY PRIMARY INSIGHTS
                    FIGURE 43 KEY PRIMARY INSIGHTS
    8.3 LESS THAN 200 KW
           8.3.1 ELECTRIFICATION OF PASSENGER CARS TO DRIVE THE LESS THAN 200 KW SEGMENT
                    TABLE 44 LESS THAN 200 KW: AUTOMOTIVE TRACTION MOTOR MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 45 LESS THAN 200 KW: MARKET, BY REGION, 2018–2026 (USD MILLION)
    8.4 200-400 KW
           8.4.1 DEMAND FROM A WIDE ARRAY OF APPLICATIONS SUCH AS EV BUSES AND TRUCKS IS EXPECTED TO DRIVE THIS SEGMENT
                    TABLE 46 200-400 KW MOTORS: MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 47 200-400 KW: MARKET, BY REGION, 2018–2026 (USD MILLION)
    8.5 ABOVE 400 KW
           8.5.1 INCREASING RATE OF URBANIZATION AND GROWING POPULATION ARE EXPECTED TO DRIVE THE DEMAND FOR ABOVE 400 KW POWER MOTORS
                    TABLE 48 ABOVE 400 KW: AUTOMOTIVE TRACTION MOTOR MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 49 ABOVE 400 KW: MARKET, BY REGION, 2018–2026 (USD MILLION)

9 AUTOMOTIVE TRACTION MOTOR MARKET, BY TYPE (Page No. - 101)
    9.1 INTRODUCTION
           FIGURE 44 MARKET, BY TYPE, 2021 VS. 2026
           TABLE 50 MARKET, BY TYPE, 2018–2026 (THOUSAND UNITS)
           TABLE 51 MARKET, BY TYPE, 2018–2026 (USD MILLION)
    9.2 OPERATIONAL DATA
           TABLE 52 DIFFERENCE BETWEEN AC AND DC MOTORS
           9.2.1 ASSUMPTIONS
           9.2.2 RESEARCH METHODOLOGY
           9.2.3 KEY PRIMARY INSIGHTS
                    FIGURE 45 KEY PRIMARY INSIGHTS
    9.3 DC
           9.3.1 OPERATIONAL BENEFITS SUCH AS LOW NOISE AND LESS MAINTENANCE ARE EXPECTED TO DRIVE THE DEMAND FOR DC MOTORS
                    TABLE 53 AUTOMOTIVE DC TRACTION MOTOR MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 54 AUTOMOTIVE DC TRACTION MOTOR MARKET, BY REGION, 2018–2026 (USD MILLION)
    9.4 AC
           9.4.1 HIGH EFFICIENCY AND LOW MANUFACTURING COST OF AC TRACTION MOTORS ARE EXPECTED TO DRIVE THEIR DEMAND
                    TABLE 55 AUTOMOTIVE AC TRACTION MOTOR MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                    TABLE 56 AUTOMOTIVE AC TRACTION MOTOR MARKET, BY REGION, 2018–2026 (USD MILLION)

10 AUTOMOTIVE TRACTION MOTOR MARKET, BY VEHICLE TYPE (Page No. - 107)
     10.1 INTRODUCTION
               FIGURE 46 MARKET, BY VEHICLE TYPE, 2021 VS. 2026
               TABLE 57 MARKET, BY VEHICLE TYPE, 2018–2026 (THOUSAND UNITS)
               TABLE 58 MARKET, BY VEHICLE TYPE, 2018–2026 (USD MILLION)
     10.2 OPERATIONAL DATA
               TABLE 59 GLOBAL PASSENGER CAR PRODUCTION DATA, 2016–2019 (MILLION UNITS)
             10.2.1 ASSUMPTIONS
             10.2.2 RESEARCH METHODOLOGY
             10.2.3 KEY PRIMARY INSIGHTS
                       FIGURE 47 KEY PRIMARY INSIGHTS
     10.3 PASSENGER CARS
             10.3.1 INCREASING NUMBER OF EMISSION NORMS PERTAINING TO PASSENGER CARS TO BOOST DEMAND FOR TRACTION MOTORS
                       TABLE 60 PASSENGER CARS: AUTOMOTIVE TRACTION MOTOR MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                       TABLE 61 PASSENGER CARS: MARKET, BY REGION, 2018–2026 (USD MILLION)
     10.4 COMMERCIAL VEHICLES
             10.4.1 INCREASING DEMAND IN LOGISTICS SECTOR TO DRIVE GROWTH OF SEGMENT
                       TABLE 62 COMMERCIAL VEHICLES: MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
                       TABLE 63 COMMERCIAL VEHICLES: MARKET, BY REGION, 2018–2026 (USD MILLION)

11 AUTOMOTIVE TRACTION MOTOR MARKET, BY REGION (Page No. - 114)
     11.1 INTRODUCTION
               FIGURE 48 MARKET, BY REGION, 2021 VS. 2026
               TABLE 64 MARKET, BY REGION, 2018–2026 (THOUSAND UNITS)
               TABLE 65 MARKET, BY REGION, 2018–2026 (USD MILLION)
     11.2 ASIA PACIFIC
               FIGURE 49 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 66 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2026 (THOUSAND UNITS)
               TABLE 67 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2026 (USD MILLION)
             11.2.1 CHINA
                       11.2.1.1 Significant investments in electric vehicles to meet air quality standards contribute to growth of automotive traction motor market
                                   TABLE 68 CHINA: AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 69 CHINA: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.2.2 JAPAN
                       11.2.2.1 Strong government support to reinforce transportation efficiency to offer lucrative opportunities for automotive traction motor market players
                                   TABLE 70 JAPAN: MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 71 JAPAN: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.2.3 INDIA
                       11.2.3.1 Strategic initiatives taken by government to upgrade existing ICE vehicles with electric ones to boost automotive traction motor market growth
                                   TABLE 72 INDIA: AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 73 INDIA: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.2.4 SOUTH KOREA
                       11.2.4.1 Huge investments in electric vehicle projects to boost demand for automotive traction motors
                                   TABLE 74 SOUTH KOREA: MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 75 SOUTH KOREA: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
     11.3 EUROPE
               FIGURE 50 EUROPE: MARKET SNAPSHOT
               TABLE 76 EUROPE: AUTOMOTIVE TRACTION MOTOR MARKET, BY COUNTRY, 2018–2026 (THOUSAND UNITS)
               TABLE 77 EUROPE: AUTOMOTIVE TRACTION MARKET, BY COUNTRY, 2018–2026 (USD MILLION)
             11.3.1 FRANCE
                       11.3.1.1 Rising adoption of electric vehicles to boost market growth
                                   TABLE 78 FRANCE: MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 79 FRANCE: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.3.2 GERMANY
                       11.3.2.1 Increasing use of electric vehicles with growing focus on renewable energy capacity development programs, along with prominent presence of major automobile companies, to fuel market growth
                                   TABLE 80 GERMANY: AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 81 GERMANY: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.3.3 SPAIN
                       11.3.3.1 Growing adoption of electric vehicles to stimulate demand for automotive traction motors
                                   TABLE 82 SPAIN: MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 83 SPAIN: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.3.4 ITALY
                       11.3.4.1 Surging adoption of EVs, along with strong focus on utilization of renewable energy sources, to promote market growth
                                   TABLE 84 ITALY: AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 85 ITALY: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.3.5 UK
                       11.3.5.1 Increasing investment in R&D activities for development of electric vehicles to push market growth
                                   TABLE 86 UK: MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 87 UK: AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
     11.4 NORTH AMERICA
               TABLE 88 NORTH AMERICA: AUTOMOTIVE TRACTION MARKET, BY COUNTRY, 2018–2026 (THOUSAND UNITS)
               TABLE 89 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2026 (USD MILLION)
             11.4.1 US
                       11.4.1.1 Growing electric car segment primary driving factor for automotive traction motors
                                   TABLE 90 US: MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 91 US: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.4.2 CANADA
                       11.4.2.1 Government support to promote EVs will boost market in Canada
                                   TABLE 92 CANADA: AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 93 CANADA: MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)
             11.4.3 MEXICO
                       11.4.3.1 Market in Mexico driven by increasing focus on decarbonization of transport sector
                                   TABLE 94 MEXICO: MARKET, BY EV TYPE, 2018–2026 (UNITS)
                                   TABLE 95 MEXICO: AUTOMOTIVE TRACTION MOTOR MARKET, BY EV TYPE, 2018–2026 (USD THOUSAND)

12 COMPETITIVE LANDSCAPE (Page No. - 138)
     12.1 OVERVIEW
     12.2 MARKET EVALUATION FRAMEWORK
               FIGURE 51 MARKET EVALUATION FRAMEWORK
               FIGURE 52 KEY DEVELOPMENTS BY LEADING PLAYERS IN AUTOMOTIVE TRACTION MOTOR MARKET
     12.3 MARKET EVALUATION FRAMEWORK: REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
               FIGURE 53 TOP PUBLIC/LISTED PLAYERS DOMINATING MARKET IN LAST THREE YEARS
     12.4 MARKET SHARE ANALYSIS
               FIGURE 54 MARKET SHARE ANALYSIS, 2020
               TABLE 96 AUTOMOTIVE TRACTION MOTOR MARKET: DEGREE OF COMPETITION
     12.5 COVID-19 IMPACT ON AUTOMOTIVE TRACTION MOTOR COMPANIES
             12.5.1 IMPACT ON EV DEMAND
     12.6 MARKET RANKING ANALYSIS
               FIGURE 55 MARKET RANKING ANALYSIS, 2020
     12.7 COMPETITIVE SCENARIO
             12.7.1 AUTOMOTIVE TRACTION MOTOR MARKET: PRODUCT LAUNCHES
                       TABLE 97 AUTOMOTIVE TRACTION MOTOR: PRODUCT LAUNCHES, 2017–2021
             12.7.2 MARKET: DEALS, 2018–2020
                       TABLE 98 MARKET: DEALS, 2018–2020
             12.7.3 MARKET: OTHERS, 2018–2020
                       TABLE 99 MARKET: OTHERS, 2018–2020
     12.8 COMPETITIVE LEADERSHIP MAPPING FOR AUTOMOTIVE TRACTION MOTOR MARKET
             12.8.1 STARS
             12.8.2 EMERGING LEADERS
             12.8.3 PERVASIVE
             12.8.4 PARTICIPANT
                       FIGURE 56 AUTOMOTIVE TRACTION MOTOR MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     12.9 STRENGTH OF PRODUCT PORTFOLIO
               FIGURE 57 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
     12.10 BUSINESS STRATEGY EXCELLENCE
               FIGURE 58 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN AUTOMOTIVE TRACTION MOTOR MARKET
     12.11 COMPANY EVALUATION QUADRANT-PRODUCT FOOTPRINT
                       TABLE 100 COMPANY PRODUCT FOOTPRINT
                       TABLE 101 COMPANY INDUSTRY FOOTPRINT
                       TABLE 102 COMPANY APPLICATION FOOTPRINT
                       TABLE 103 COMPANY REGIONAL FOOTPRINT
     12.12 START-UP/SME EVALUATION MATRIX, 2020
                       FIGURE 59 AUTOMOTIVE TRACTION MOTOR MARKET: START-UP MATRIX, 2020
     12.13 WINNERS VS. TAIL-ENDERS
                       TABLE 104 WINNERS VS. TAIL-ENDERS

13 COMPANY PROFILES (Page No. - 159)
(Business overview, Products offered, Recent developments & MnM View)*
     13.1 BORGWARNER INC.
               FIGURE 60 BORGWARNER INC.: COMPANY SNAPSHOT
               TABLE 105 BORGWARNER INC.: PRODUCTS OFFERED
               TABLE 106 BORGWARNER INC.: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
               TABLE 107 BORGWARNER INC.: AGREEMENTS/ACQUISITIONS
     13.2 BYD CO. LTD.
               FIGURE 61 BYD CO. LTD.: COMPANY SNAPSHOT
               TABLE 108 BYD CO. LTD.: PRODUCTS OFFERED
               TABLE 109 BYD CO. LTD.: NEW PRODUCT DEVELOPMENTS
               TABLE 110 BYD CO. LTD.: JOINT VENTURES
     13.3 TESLA INC.
               FIGURE 62 TESLA INC.: COMPANY SNAPSHOT
               TABLE 111 TESLA INC.: PRODUCTS OFFERED
               TABLE 112 TESLA INC.: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
               TABLE 113 TESLA INC.: ACQUISITIONS/AGREEMENTS
     13.4 SCHAEFFLER GROUP
               FIGURE 63 SCHAEFFLER GROUP: COMPANY SNAPSHOT
               TABLE 114 SCHAEFFLER GROUP: PRODUCTS OFFERED
               TABLE 115 SCHAEFFLER GROUP: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
               TABLE 116 SCHAEFFLER GROUP: PARTNERSHIPS/ACQUISITIONS/AGREEMENTS
     13.5 ZF FRIEDRICHSHAFEN AG
               FIGURE 64 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
               TABLE 117 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED
               TABLE 118 ZF FRIEDRICHSHAFEN AG: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
               TABLE 119 ZF FRIEDRICHSHAFEN AG: ACQUISITIONS/ JOINT VENTURES
     13.6 EATON CORPORATION PLC
               FIGURE 65 EATON CORPORATION PLC: COMPANY SNAPSHOT
               TABLE 120 EATON CORPORATION PLC: PRODUCTS OFFERED
               TABLE 121 EATON CORPORATION PLC: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
               TABLE 122 EATON CORPORATION PLC: AGREEMENTS/JOINT VENTURES
     13.7 ROBERT BOSCH GMBH
               FIGURE 66 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
               TABLE 123 ROBERT BOSCH GMBH: PRODUCTS OFFERED
               TABLE 124 ROBERT BOSCH GMBH: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
               TABLE 125 ROBERT BOSCH GMBH: AGREEMENTS/ACQUISITION/COLLABORATION
     13.8 CONTINENTAL AG
               FIGURE 67 CONTINENTAL AG: COMPANY SNAPSHOT
               TABLE 126 CONTINENTAL AG: PRODUCTS OFFERED
               TABLE 127 CONTINENTAL AG: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
               TABLE 128 CONTINENTAL AG: AGREEMENTS
     13.9 DENSO CORPORATION
               FIGURE 68 DENSO CORPORATION: COMPANY SNAPSHOT
               TABLE 129 DENSO CORPORATION: PRODUCTS OFFERED
               TABLE 130 DENSO CORPORATION: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
               TABLE 131 DENSO CORPORATION: COLLABORATIONS/JOINT VENTURES
     13.10 MAGNA INTERNATIONAL
               FIGURE 69 MAGNA INTERNATIONAL: COMPANY SNAPSHOT
               FIGURE 70 MAGNA INTERNATIONAL: COMPANY REVENUE (USD 39.4 BN), BY CLIENT, 2020
               TABLE 132 MAGNA INTERNATIONAL: PRODUCTS OFFERED
     13.11 JOHNSON ELECTRIC HOLDINGS LIMITED
                       FIGURE 71 JOHNSON ELECTRIC HOLDINGS LIMITED: COMPANY SNAPSHOT
                       FIGURE 72 JOHNSON ELECTRIC HOLDINGS LIMITED: LOCKDOWNS MOSTLY AFFECTED FACTORIES OF COMPANY’S AUTOMOTIVE CUSTOMERS
                       TABLE 133 JOHNSON ELECTRIC HOLDINGS LIMITED: PRODUCTS OFFERED
     13.12 VALEO S.A.
                       FIGURE 73 VALEO S.A.: COMPANY SNAPSHOT
                       TABLE 134 VALEO S.A.: PRODUCTS OFFERED
                       TABLE 135 VALEO S.A.: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                       TABLE 136 VALEO S.A.: COLLABORATIONS/PARTNERSHIPS
     13.13 MAHLE GROUP
                       FIGURE 74 MAHLE GROUP: COMPANY SNAPSHOT
                       TABLE 137 MAHLE GROUP: PRODUCTS OFFERED
                       TABLE 138 MAHLE GROUP: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                       TABLE 139 MAHLE GROUP: COLLABORATIONS/PARTNERSHIPS
     13.14 NIDEC CORPORATION
                       FIGURE 75 NIDEC CORPORATION: COMPANY SNAPSHOT
                       TABLE 140 NIDEC CORPORATION: PRODUCTS OFFERED
                       TABLE 141 NIDEC CORPORATION: NEW PRODUCT DEVELOPMENTS
                       TABLE 142 NIDEC CORPORATION: ACQUISITIONS/JOINT VENTURES
     13.15 MITSUBA CORPORATION
                       FIGURE 76 MITSUBA CORPORATION: COMPANY SNAPSHOT
                       TABLE 143 MITSUBA CORPORATION: PRODUCTS OFFERED
                       TABLE 144 MITSUBA CORPORATION: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
     13.16 ZHEJIANG FOUNDER MOTOR CO., LTD.
                       FIGURE 77 ZHEJIANG FOUNDER MOTOR CO., LTD.: COMPANY SNAPSHOT
                       TABLE 145 ZHEJIANG FOUNDER MOTOR CO., LTD.: PRODUCTS OFFERED
                       TABLE 146 ZHEJIANG FOUNDER MOTOR CO., LTD.: EXPANSIONS
                       TABLE 147 ZHEJIANG FOUNDER MOTOR CO., LTD.: MERGERS
     13.17 ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD.
                       FIGURE 78 ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD.: COMPANY SNAPSHOT
                       TABLE 148 ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD.: PRODUCTS OFFERED
                       TABLE 149 ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD.: EXPANSIONS
                       TABLE 150 ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD.: AGREEMENTS/JOINT VENTURES
     13.18 SHENZHEN INOVANCE TECHNOLOGY CO., LTD.
                       FIGURE 79 SHENZHEN INOVANCE TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
                       TABLE 151 SHENZHEN INOVANCE TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
                       TABLE 152 SHENZHEN INOVANCE TECHNOLOGY CO., LTD.: AGREEMENTS
     13.19 SHENZHEN MEGMEET ELECTRIC CO., LTD.
                       FIGURE 80 SHENZHEN MEGMEET ELECTRIC CO., LTD.: COMPANY SNAPSHOT
                       TABLE 153 SHENZHEN MEGMEET ELECTRIC CO., LTD.: PRODUCTS OFFERED
                       TABLE 154 SHENZHEN MEGMEET ELECTRIC CO., LTD.: EXPANSIONS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     13.20 OTHER PLAYERS
               13.20.1 ASIA PACIFIC
            13.20.1.1 Jing-Jin Electric
            13.20.1.2 Shanghai EDrive Co., Ltd.
            13.20.1.3 United Automotive Electronics Co., Ltd. (UAES)
            13.20.1.4 Zhuhai Enpower Electric Co., Ltd.
            13.20.1.5 Shuanglin Group
            13.20.1.6 Zhuzhou CRRC Times Electric Co., Ltd.

14 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 217)
     14.1 TRACTION MOTOR ADVANCEMENTS IN ELECTRIC VEHICLES AND POWERFUL MOTOR TECHNOLOGIES
     14.2 ASIA PACIFIC TO DRIVE AUTOMOTIVE TRACTION MOTOR MARKET
     14.3 CONCLUSION

15 APPENDIX (Page No. - 219)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred for this research study included publications from government sources [such as country level automotive associations and organizations, Organisation for Economic Co-operation and Development (OECD), World Bank, CDC, and Eurostat]; corporate and regulatory filings (such as annual reports, SEC filings, investor presentations, and financial statements); business magazines and research journals; press releases; free and paid automotive databases such as The International Energy Agency, EV-volumes, Alternative Fuels Data Center (AFDC), the European Alternative Fuels Observatory (EAFO), and other associations/organizations. Secondary data was collected and analyzed to arrive at the overall size of the global market, which was validated by primary research.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the global automotive traction motor market scenarios through secondary research. Several primary interviews were conducted with market experts from both the demand (country-level government associations, trade associations, institutes, R&D centers, and OEMs/vehicle manufacturers) and supply (traction motor manufacturers, traction motor component manufacturers, and raw material suppliers) side across three major regions, namely, North America, Europe, and Asia Pacific. 21% of the experts involved in primary interviews were from the demand side, and 79% were from the supply side of the industry. Primary data was collected through questionnaires, emails, and telephonic interviews. Several primary interviews were conducted from various departments within organizations, such as sales, operations, administration, and so on, to provide a holistic viewpoint in the report.

After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, led to the findings delineated in the rest of this report.

Automotive Traction Motor Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up and top-down approaches were used to estimate and validate the size of the global automotive traction motor market. In these approaches, the electric vehicle sales statistics for each electric vehicle type (BEV, PHEV, and HEV) at a country level were considered.

In the bottom-up approach, the number of electric vehicle sales of each electric vehicle type at the country level was considered. The number of traction motors per vehicle was identified through model mapping and secondary research. The sale of electric vehicles at the country-level was then multiplied with the number of traction motors in each EV type to determine the market size of the automotive traction motor market in terms of volume. The country-level market size, in terms of volume, by EV type, was then multiplied with the country-level average traction motor selling price (ASP) of each electric vehicle type to determine the market size in terms of value for each EV type. The summation of the country-level market size for each EV type, by volume and value, would give the regional level market size. The summation of the regional markets provides the global market size. The market size for vehicle type was derived from the global market.

The top-down approach was used to estimate and validate the size of the automotive traction motor market by motor type, power output, and type. To derive the market size by type, the global market size in terms of volume and value was divided into AC and DC using the penetration and percentage split, respectively. The global market was further segmented at the regional level. A similar approach was used to derive the market size of motor type and power output segments in terms of volume and value.

Data Triangulation

After arriving at the overall market size of the global market through the abovementioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

Report Objectives

  • To define, describe, and project the automotive traction motor market by volume (thousand units) and value (USD million)
  • To define, describe, and forecast the market based on type, motor type, EV type, power output, vehicle type, and region.
  • To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To analyze and forecast market size, in terms of volume and value, based on type (AC and DC)
  • To analyze and forecast the market size, in terms of volume and value, based on motor type (PMSM, DC brushless motors, and AC induction motors)
  • To analyze and forecast the market size, in terms of volume and value, based on EV type {battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-hybrid electric vehicle (PHEV).
  • To analyze and forecast the market size, in terms of volume and value, based on vehicle type (passenger cars and commercial vehicles)
  • To analyze and forecast the market size, by volume and value, based on power output (less than 200 kW, 200–400 kW, and above 400 kW)
  • To forecast the size of various segments of the market based on three regions—North America, Europe, and Asia Pacific, along with major countries in each region
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To analyze the impact of COVID-19 on the market and its stakeholders
  • To track and analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, partnerships, collaborations, agreements, supply contracts, and expansions, in the automotive traction motor market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations in line with the company’s specific needs.

  • Automotive Traction Motor Market, by vehicle type at country-level (for countries covered in the report)
  • Automotive Traction Motor Market, by motor type at country-level (for countries covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Automotive Traction Motor Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automotive Traction Motor Market

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