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Global Electric Commercial Vehicle Traction Motor Market Growth, Size, Trends Analysis – By Vehicle Type, By Power Output, By Motor Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Jul 30, 2025
Length 273 Pages
SKU # SPER20413943

Description

Global Electric Commercial Vehicle Traction Motor Market Introduction and Overview

According to SPER market research, ‘Global Electric Commercial Vehicle Traction Motor Market Size- By Vehicle Type, By Power Output, By Motor Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Electric Commercial Vehicle Traction Motor Market is predicted to reach 8.27 billion by 2034 with a CAGR of 12.93%.

The drivetrain of electric trucks, buses, and other heavy-duty vehicles is powered by electric traction motors, which are crucial parts of commercial vehicles. These motors provide effective and emission-free mobility by converting electrical energy from the battery into mechanical energy. Traction motors are made to withstand increased torque and load demands and are built to last, use less energy, and operate at their best in a variety of operating environments.

Restraints:
The market for traction motors for electric commercial vehicles confronts a number of obstacles despite its promising future. Widespread adoption of electric vehicles, including traction motors, is still hampered by their high starting prices, particularly for small and medium fleet owners. Operational flexibility is decreased by lengthy charging durations and inadequate charging infrastructure.

Scope of the report:
Report Metric DetailsMarket size available for years 2021-2034Base year considered 2024Forecast period 2025-2034

Segments covered
By Vehicle Type, By Power Output, By Motor Type

Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered
AB Volvo, Allison Transmission, Inc, BorgWarner Inc, BYD, Dana Limited, Flash, GEM Motors, Hyundai Motor Company, Magna International Inc, Mercedes-Benz Group AG, Robert Bosch GmbH, Suzhou Inovance Automotive Co., Ltd, Tata Motors.

By Vehicle Type: Based on the Vehicle Type, Global Electric Commercial Vehicle Traction Motor Market is segmented as; Pickup Trucks, Trucks, Buses and Coaches, Vans.

By Power Output: Based on the Power Output, Global Electric Commercial Vehicle Traction Motor Market is segmented as; Less than 100KW, 100-200KW, 200-400KW, Above 400KW.

By Motor Type: Based on the Motor Type, Global Electric Commercial Vehicle Traction Motor Market is segmented as; Permanent Magnet Synchronous Motor, AC induction Motor, DC Traction Motor.

By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.

Table of Contents

273 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Commercial Vehicle Traction Motor Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Commercial Vehicle Traction Motor Market
7. Global Electric Commercial Vehicle Traction Motor Market, By Vehicle Type (USD Million) 2021-2034
7.1. Pickup Trucks
7.2. Trucks
7.3. Buses and Coaches
7.4. Vans
8. Global Electric Commercial Vehicle Traction Motor Market, By Power Output (USD Million) 2021-2034
8.1. Less than 100 KW
8.2.100-200 KW
8.3.200-400 KW
8.4. Above 400 KW
9. Global Electric Commercial Vehicle Traction Motor Market, By Motor Type (USD Million) 2021-2034
9.1. Permanent Magnet Synchronous Motor
9.2. AC Induction Motor
9.3. DC Traction Motor
10. Global Electric Commercial Vehicle Traction Motor Market, (USD Million) 2021-2034
10.1. Global Electric Commercial Vehicle Traction Motor Market Size and Market Share
11. Global Electric Commercial Vehicle Traction Motor Market, By Region, (USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia
11.1.2. China
11.1.3. India
11.1.4. Japan
11.1.5. South Korea
11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France
11.2.2. Germany
11.2.3. Italy
11.2.4. Spain
11.2.5. United Kingdom
11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia
11.3.2. United Arab Emirates
11.3.3. Qatar
11.3.4. South Africa
11.3.5. Egypt
11.3.6. Morocco
11.3.7. Nigeria
11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada
11.4.2. Mexico
11.4.3. United States
11.5. Latin America
11.5.1. Argentina
11.5.2. Brazil
11.5.3. Rest of Latin America
12. Company Profile
12.1. AB Volvo
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Allison Transmission, Inc
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. BorgWarner Inc
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. BYD
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Dana Limited
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Flash
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. GEM Motors
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Hyundai Motor Company
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Magna International Inc
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Mercedes-Benz Group AG
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Robert Bosch GmbH
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Suzhou Inovance Automotive Co., Ltd
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Tata Motors
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links

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