Market Research Logo

Global Electric Vehicle Motor Market 2018-2022

Global Electric Vehicle Motor Market 2018-2022

About Electric Vehicle Motor

Electric motor in anEVis used to convert electrical energy into mechanical energy by the interaction of magnetic field with current to power the vehicle. The use of electric motors is on the rise owing to the growth in the market for new energy vehicles (NEVs). These vehicles include hybrid, plug-in hybrid, pure EV, and fuel cell vehicles that use alternative renewable energy sources.

Technavio’s analysts forecast the global electric vehicle motor market to grow at a CAGR of 20.79 % during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric vehicle motor market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of electric vehicle motor.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Electric Vehicle Motor Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bosch
  • Continental
  • Delphi
  • DENSO
  • Tesla
Market driver
  • Increasing sales of electric vehicles
  • For a full, detailed list, view our report
Market challenge
  • High cost of batteries used in EVs
  • For a full, detailed list, view our report
Market trend
  • OEMs focusing on connected EVs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Electric Vehicle Motor Market 2018-2022

Technavio recognizes the following companies as the key players in the global electric vehicle motor market: Bosch, Continental, Delphi, DENSO, and Tesla

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is OEMs focusing on connected EVs. The adoption rate of EVs by end-users is mainly restricted due to range anxiety. Many OEMs have started developing connectivity module, which will be a standard unit in EVs, to alleviate the problem shortly.”

According to the report, one of the major drivers for this market is Increasing sales of electric vehicles. EVs. Unlike the ICE-powered vehicles, the EVs significantly reduce the air pollution as they do not emit harmful pollutants, such as particulates, carbon monoxide, hydrocarbons, and volatile organic compounds. The factors driving the demand for EVs are various benefits and perks provided by the governments, increased awareness to curb the emission of greenhouse gas, stringent carbon emission norms like reducing the average CO2 emission emitted by the fleets of OEMs, increase in participation from the foreign as well as the regional players for the development of EVs, and increased buyers' intent to adopt EVs.

Further, the report states that one of the major factors hindering the growth of this market is High cost of batteries used in EVs. The high price of the battery in the EVs is a big barrier to their wider adoption. Although the battery prices had significantly declined by nearly 80% since 2010, the battery cost in the EV still constitutes a significant portion of the total EV cost. As of 2016, the projected pack cost of a battery was around $227/kWh, which means that a 60-kWh battery (excluding additional systems like high voltage wiring, emotors, inverters and on-board chargers) in an EV will be around $13,620.

Companies Mentioned

Bosch, Continental, Delphi, DENSO, and Tesla

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Segments of global automotive components market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ billions)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by power rating
    • Segmentation by power rating
      • Table Power rating - Market share 2017-2022 (%)
    • Comparison by power rating
      • Table Comparison by power rating
    • Mid-power rating motors - Market size and forecast 2017-2022
      • Table Mid-power rating motors - Market size and forecast 2017-2022 ($ billions)
      • Table Mid-power rating motors - Year-over-year growth 2018-2022 (%)
    • High-power rating motors - Market size and forecast 2017-2022
      • Table High-power rating motors - Market size and forecast 2017-2022 ($ billions)
      • Table High-power rating motors - Year-over-year growth 2018-2022 (%)
    • Low-power rating motors - Market size and forecast 2017-2022
      • Table Low-power rating motors - Market size and forecast 2017-2022 ($ billions)
      • Table Low-power rating motors - Year-over-year growth 2018-2022 (%)
    • Market opportunity by power rating
      • Table Market opportunity by power rating
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ billions)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ billions)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ billions)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • OEMs focusing on connected EVs
    • Growing trend of multi-speed transmission in EVs
    • Automakers involved in production of in-house electric motors
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Continental
      • Table Continental overview
      • Table Continental - Business segments
      • Table Continental - Organizational developments
      • Table Continental - Geographic focus
      • Table Continental - Key offerings
    • Bosch
      • Table Bosch overview
      • Table Bosch- Business segments
      • Table Bosch- Organizational developments
      • Table Bosch - Geographic focus
      • Table Bosch - Key offerings
    • Delphi*
      • Table Delphi overview
      • Table Delphi - Business segments
      • Table Delphi - Organizational developments
      • Table Delphi - Geographic focus
      • Table Delphi - Key offerings
    • DENSO
      • Table DENSO overview
      • Table DENSO - Business segments
      • Table DENSO - Organizational developments
      • Table DENSO - Geographic focus
      • Table DENSO - Key offerings
    • Tesla
      • Table Tesla overview
      • Table Tesla - Business segments
      • Table Tesla - Organizational developments
      • Table Tesla - Geographic focus
      • Table Tesla - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report