Global Permanent Magnet Synchronous Traction Machine Market Growth 2025-2031

The global Permanent Magnet Synchronous Traction Machine market size is predicted to grow from US$ 2129 million in 2025 to US$ 3149 million in 2031; it is expected to grow at a CAGR of 6.7% from 2025 to 2031.

United States market for Permanent Magnet Synchronous Traction Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Permanent Magnet Synchronous Traction Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Permanent Magnet Synchronous Traction Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Permanent Magnet Synchronous Traction Machine players cover Mitsubishi, Omarlift, Sicor Gearless Machines, FUJISJ, Siemens, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Permanent Magnet Synchronous Traction Machine Industry Forecast” looks at past sales and reviews total world Permanent Magnet Synchronous Traction Machine sales in 2024, providing a comprehensive analysis by region and market sector of projected Permanent Magnet Synchronous Traction Machine sales for 2025 through 2031. With Permanent Magnet Synchronous Traction Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Permanent Magnet Synchronous Traction Machine industry.

This Insight Report provides a comprehensive analysis of the global Permanent Magnet Synchronous Traction Machine 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 Permanent Magnet Synchronous Traction Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Permanent Magnet Synchronous Traction Machine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Permanent Magnet Synchronous Traction Machine 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 Permanent Magnet Synchronous Traction Machine.

This report presents a comprehensive overview, market shares, and growth opportunities of Permanent Magnet Synchronous Traction Machine market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Less than 2000 Kg
2000-2500 Kg
Over 2500 Kg

Segmentation by Application:
Passenger Elevator
Freight Elevator

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.
Mitsubishi
Omarlift
Sicor Gearless Machines
FUJISJ
Siemens
Imimg
Ziehl Abegg
Cheng Day International Group
Faxi Drive Technology
SAG Motor
Tectronics Engineers
OTIS
Shenyang Yuanda Intellectual Industry Group
Shanghai ZanFeng Technology
Suzhou Hitech Elevator
Suzhou Tianhongyi Elevator Technology
ZHEJIANG XIZI FORVORDA ELECTRICAL MACHINERY
TORIN DRIVE
Zhejiang MATO Drive Equipment
Suzhou Monadrive
Tongan Machinery
Changshu Canon Elevator Accessories

Key Questions Addressed in this Report

What is the 10-year outlook for the global Permanent Magnet Synchronous Traction Machine market?

What factors are driving Permanent Magnet Synchronous Traction Machine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Permanent Magnet Synchronous Traction Machine market opportunities vary by end market size?

How does Permanent Magnet Synchronous Traction Machine break out by Type, by Application?

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