Global New Energy Vehicle Traction Motor Core Market Growth 2026-2032
Description
The global New Energy Vehicle Traction Motor Core market size is predicted to grow from US$ 4027 million in 2025 to US$ 10747 million in 2032; it is expected to grow at a CAGR of 14.6% from 2026 to 2032.
In 2025, the global production of New Energy Vehicle Traction Motor Core reached approximately 38,093.3 K units, with an average price of US$ 108.1 per unit.
The traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles. Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each other, whereas like poles repel.Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.
Governments around the world are offering subsidies, tax rebates, and incentives to promote the adoption of EVs, which directly boosts the demand for automotive drive motor cores. Emerging economies, particularly in Asia-Pacific and Latin America, are experiencing increased EV adoption. Governments in these regions are implementing policies and infrastructure improvements that support the growth of EVs, creating new opportunities for motor core manufacturers.
The expansion of EV models, including sedans, SUVs, trucks, and even commercial vehicles, is driving diverse demand for motor cores across different vehicle segments. As the EV market diversifies, there is growing demand for customized motor cores tailored to specific vehicle segments, such as luxury EVs, commercial vehicles, and even electric motorcycles. Offering specialized solutions for these segments can capture niche markets and increase revenue streams.
Continuous innovation in motor technology, including improvements in efficiency, power density, and performance, drives the demand for advanced drive motor cores. The use of advanced materials like silicon steel and amorphous metals improves the magnetic properties of motor cores, resulting in better energy efficiency and reduced energy losses.
The global key manufacturers of New Energy Vehicle Traction Motor Core include Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Hidria, Tempel Steel, Wuxi Longsheng Technology, Yutaka Giken, R.Bourgeois, Huaxin Precision, etc. In 2025, the global top five players had a share approximately 61.64% in terms of revenue.
LP Information, Inc. (LPI) ' newest research report, the “New Energy Vehicle Traction Motor Core Industry Forecast” looks at past sales and reviews total world New Energy Vehicle Traction Motor Core sales in 2025, providing a comprehensive analysis by region and market sector of projected New Energy Vehicle Traction Motor Core sales for 2026 through 2032. With New Energy Vehicle Traction Motor Core sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world New Energy Vehicle Traction Motor Core industry.
This Insight Report provides a comprehensive analysis of the global New Energy Vehicle Traction Motor Core landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on New Energy Vehicle Traction Motor Core portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global New Energy Vehicle Traction Motor Core market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for New Energy Vehicle Traction Motor Core and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global New Energy Vehicle Traction Motor Core.
This report presents a comprehensive overview, market shares, and growth opportunities of New Energy Vehicle Traction Motor Core market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Permanent Magnet Motor Cores
AC Induction Motor Cores
Segmentation by Technology:
Welding
Interlock
Bonded
Segmentation by Application:
BEV
PHEV
HEV
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mitsui High-tec
EUROTRANCIATURA
POSCO
Suzhou Fine-stamping
Hidria
Tempel Steel
Wuxi Longsheng Technology
Yutaka Giken
R.Bourgeois
Huaxin Precision
Shiri Electromechanical Technology
Tongda Power Technology
Toyota Boshoku Corporation
Feintool
JFE Shoji
Key Questions Addressed in this Report
What is the 10-year outlook for the global New Energy Vehicle Traction Motor Core market?
What factors are driving New Energy Vehicle Traction Motor Core market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do New Energy Vehicle Traction Motor Core market opportunities vary by end market size?
How does New Energy Vehicle Traction Motor Core break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
In 2025, the global production of New Energy Vehicle Traction Motor Core reached approximately 38,093.3 K units, with an average price of US$ 108.1 per unit.
The traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles. Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each other, whereas like poles repel.Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.
Governments around the world are offering subsidies, tax rebates, and incentives to promote the adoption of EVs, which directly boosts the demand for automotive drive motor cores. Emerging economies, particularly in Asia-Pacific and Latin America, are experiencing increased EV adoption. Governments in these regions are implementing policies and infrastructure improvements that support the growth of EVs, creating new opportunities for motor core manufacturers.
The expansion of EV models, including sedans, SUVs, trucks, and even commercial vehicles, is driving diverse demand for motor cores across different vehicle segments. As the EV market diversifies, there is growing demand for customized motor cores tailored to specific vehicle segments, such as luxury EVs, commercial vehicles, and even electric motorcycles. Offering specialized solutions for these segments can capture niche markets and increase revenue streams.
Continuous innovation in motor technology, including improvements in efficiency, power density, and performance, drives the demand for advanced drive motor cores. The use of advanced materials like silicon steel and amorphous metals improves the magnetic properties of motor cores, resulting in better energy efficiency and reduced energy losses.
The global key manufacturers of New Energy Vehicle Traction Motor Core include Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Hidria, Tempel Steel, Wuxi Longsheng Technology, Yutaka Giken, R.Bourgeois, Huaxin Precision, etc. In 2025, the global top five players had a share approximately 61.64% in terms of revenue.
LP Information, Inc. (LPI) ' newest research report, the “New Energy Vehicle Traction Motor Core Industry Forecast” looks at past sales and reviews total world New Energy Vehicle Traction Motor Core sales in 2025, providing a comprehensive analysis by region and market sector of projected New Energy Vehicle Traction Motor Core sales for 2026 through 2032. With New Energy Vehicle Traction Motor Core sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world New Energy Vehicle Traction Motor Core industry.
This Insight Report provides a comprehensive analysis of the global New Energy Vehicle Traction Motor Core landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on New Energy Vehicle Traction Motor Core portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global New Energy Vehicle Traction Motor Core market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for New Energy Vehicle Traction Motor Core and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global New Energy Vehicle Traction Motor Core.
This report presents a comprehensive overview, market shares, and growth opportunities of New Energy Vehicle Traction Motor Core market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Permanent Magnet Motor Cores
AC Induction Motor Cores
Segmentation by Technology:
Welding
Interlock
Bonded
Segmentation by Application:
BEV
PHEV
HEV
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mitsui High-tec
EUROTRANCIATURA
POSCO
Suzhou Fine-stamping
Hidria
Tempel Steel
Wuxi Longsheng Technology
Yutaka Giken
R.Bourgeois
Huaxin Precision
Shiri Electromechanical Technology
Tongda Power Technology
Toyota Boshoku Corporation
Feintool
JFE Shoji
Key Questions Addressed in this Report
What is the 10-year outlook for the global New Energy Vehicle Traction Motor Core market?
What factors are driving New Energy Vehicle Traction Motor Core market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do New Energy Vehicle Traction Motor Core market opportunities vary by end market size?
How does New Energy Vehicle Traction Motor Core break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
109 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for New Energy Vehicle Traction Motor Core by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for New Energy Vehicle Traction Motor Core by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
