Global Electric Traction Motors Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Electric Traction Motors market size was valued at US$ 15620 million in 2024 and is forecast to a readjusted size of USD 27430 million by 2031 with a CAGR of 8.5% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Electric traction motors are electric motors specifically designed to provide propulsion for vehicles, trains, and other transportation systems. They convert electrical energy from a power source, such as batteries or overhead lines, into mechanical energy to drive the vehicle"s wheels or other propulsion mechanisms. Electric traction motors play a crucial role in the electrification of transportation, offering advantages in terms of efficiency, reduced emissions, and improved performance.
Accelerated Electrification of Transportation: The global push for electrification of transportation, including passenger cars, buses, trucks, and even commercial vehicles, was a significant driver of the electric traction motors market. Governments and regulations around the world were encouraging the adoption of electric vehicles (EVs) to reduce emissions and promote sustainability.
EV Range and Efficiency Improvement: Manufacturers were focusing on improving the efficiency and performance of electric traction motors to extend the range of EVs and enhance overall driving experience. Advances in motor design, materials, and control systems were contributing to these improvements.
Diverse EV Offerings: The market saw an increasing variety of electric vehicles, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). Each of these segments required different types of electric traction motors to meet specific needs.
High-Performance EVs: The development of high-performance electric vehicles, including sports cars and performance-oriented models, led to a demand for electric traction motors with higher power outputs and advanced control systems for superior acceleration and handling.
This report is a detailed and comprehensive analysis for global Electric Traction Motors market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Electric Traction Motors market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Traction Motors market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Traction Motors market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Traction Motors market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Traction Motors
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electric Traction Motors market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include KONCAR, CG Power and Industrial Solutions, Siemens AG, Parker-Hannifin Corp, SKF AB, ABB Ltd., Alstom SA, CRRC Corporation Limited, Robert Bosch GmbH, Nidec Corporation, Toshiba Corp, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Electric Traction Motors market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
AC
DC
Market segment by Application
Rail Industry
Electric Vehicle
Boat
Others
Major players covered
KONCAR
CG Power and Industrial Solutions
Siemens AG
Parker-Hannifin Corp
SKF AB, ABB Ltd.
Alstom SA
CRRC Corporation Limited
Robert Bosch GmbH
Nidec Corporation
Toshiba Corp
Lynch Motors
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Traction Motors product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Traction Motors, with price, sales quantity, revenue, and global market share of Electric Traction Motors from 2020 to 2025.
Chapter 3, the Electric Traction Motors competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Traction Motors breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Traction Motors market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Traction Motors.
Chapter 14 and 15, to describe Electric Traction Motors sales channel, distributors, customers, research findings and conclusion.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Electric traction motors are electric motors specifically designed to provide propulsion for vehicles, trains, and other transportation systems. They convert electrical energy from a power source, such as batteries or overhead lines, into mechanical energy to drive the vehicle"s wheels or other propulsion mechanisms. Electric traction motors play a crucial role in the electrification of transportation, offering advantages in terms of efficiency, reduced emissions, and improved performance.
Accelerated Electrification of Transportation: The global push for electrification of transportation, including passenger cars, buses, trucks, and even commercial vehicles, was a significant driver of the electric traction motors market. Governments and regulations around the world were encouraging the adoption of electric vehicles (EVs) to reduce emissions and promote sustainability.
EV Range and Efficiency Improvement: Manufacturers were focusing on improving the efficiency and performance of electric traction motors to extend the range of EVs and enhance overall driving experience. Advances in motor design, materials, and control systems were contributing to these improvements.
Diverse EV Offerings: The market saw an increasing variety of electric vehicles, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). Each of these segments required different types of electric traction motors to meet specific needs.
High-Performance EVs: The development of high-performance electric vehicles, including sports cars and performance-oriented models, led to a demand for electric traction motors with higher power outputs and advanced control systems for superior acceleration and handling.
This report is a detailed and comprehensive analysis for global Electric Traction Motors market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Electric Traction Motors market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Traction Motors market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Traction Motors market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Traction Motors market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Traction Motors
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electric Traction Motors market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include KONCAR, CG Power and Industrial Solutions, Siemens AG, Parker-Hannifin Corp, SKF AB, ABB Ltd., Alstom SA, CRRC Corporation Limited, Robert Bosch GmbH, Nidec Corporation, Toshiba Corp, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Electric Traction Motors market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
AC
DC
Market segment by Application
Rail Industry
Electric Vehicle
Boat
Others
Major players covered
KONCAR
CG Power and Industrial Solutions
Siemens AG
Parker-Hannifin Corp
SKF AB, ABB Ltd.
Alstom SA
CRRC Corporation Limited
Robert Bosch GmbH
Nidec Corporation
Toshiba Corp
Lynch Motors
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Traction Motors product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Traction Motors, with price, sales quantity, revenue, and global market share of Electric Traction Motors from 2020 to 2025.
Chapter 3, the Electric Traction Motors competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Traction Motors breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Traction Motors market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Traction Motors.
Chapter 14 and 15, to describe Electric Traction Motors sales channel, distributors, customers, research findings and conclusion.
Table of Contents
117 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Electric Traction Motors by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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