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Global Automotive Traction Motor Market (2021 to 2026) - Unstable Prices of Fossil Fuels Presents Opportunities

Research and Markets
·9-min read

Dublin, April 02, 2021 (GLOBE NEWSWIRE) -- The "Global Automotive Traction Motor Market by Motor Type (PMSM, DC Brushless, AC Induction), Type (AC, DC), EV Type (BEV, HEV, PHEV), Power Output (less than 200 KW, 200-400 KW, above 400 KW), Vehicle Type (PC, CV), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global automotive traction motor market is projected to grow at a CAGR of 33.7% from USD 4.1 billion in 2021 to USD 17.3 billion by 2026. Factors such as supporting government policies launch of new EV models, and advanced motor designs will drive the automotive traction motor market.

The electric vehicle industry has rapidly evolved with ongoing developments in design, features, engineering, and electric motor technologies. With the increasing stringency of government mandates regarding emissions caused by vehicles, the automotive industry is focusing on efficiency, emission-free propulsion, and innovative technologies. The high predicted growth of electric vehicles due to government mandates and global presence of major OEMs and Tier I suppliers is expected to drive the market.

The commercial vehicles segment is expected to be the fastest segment in the forecast

Commercial vehicles require higher power traction motors as compared to passenger cars due to the requirement of high starting torque and overload capacity. The rising demand for and subsequent increase in the sale of commercial vehicles, impositions of stringent emission regulations with increased set limits in fuel efficiency regulations by different governments, and safety regulations have together shifted the focus of OEMs toward reducing carbon emissions from commercial vehicles. The government parameters regarding regulations for carbon emissions vary according to vehicle type and region.

North America is projected to be the largest automotive traction motor market for commercial vehicles. This can be attributed to the growing popularity of pickup trucks in the region among OEMs such as Ford, Chrysler, and General Motors. Traction motor manufacturers in the region are also increasing their investments in this segment to add more fuel-efficient features. For instance, in October 2019, Eaton Corporation PLC announced the plan to launch a transmission system for heavy-duty electric commercial vehicles. The transmission will be 4-speed and based on efficient lay shaft architecture of Automated Manual Transmission (AMT) designed specifically for commercial EVs. All these factors are expected to fuel the demand for traction motors in North America.

200-400 kW is expected to be the fastest power output segment in the forecast period

Traction motors with a power output of 200-400 kW are particularly installed in medium to heavy commercial vehicles. These motors have a high starting torque and overload capacity. As these motors are widely used in commercial vehicles such as trucks, vans, and buses, their demand is expected to increase in several countries across the Middle East, North America, and Asia Pacific, which are witnessing significant investments in EV projects. The wide array of applications employing these traction motors is one of the major factors driving this segment. Skoda and Toshiba are some of the manufacturers of traction motors with a power output of 200-400 kW.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 COVID-19 Impact on Automotive Traction Motor Market, 2018-2026

4 Premium Insights
4.1 Attractive Opportunities in Automotive Traction Motor Market
4.2 Automotive Traction Motor Market, by Region
4.3 Asia-Pacific Automotive Traction Motor Market, by Country & Vehicle Type
4.4 Automotive Traction Motor Market, by Vehicle Type
4.5 Automotive Traction Motor Market, by EV Type
4.6 Automotive Traction Motor Market, by Type
4.7 Automotive Traction Motor Market, by Power Output
4.8 Automotive Traction Motor Market, by Motor Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Demand for High-Performance Motors
5.2.1.2 Rising Demand for Electric Vehicles
5.2.1.3 Advancements in Electrical Drives for Traction Systems
5.2.2 Restraints
5.2.2.1 Limited Availability and Price Volatility of Materials Used in Production
5.2.2.2 Limited EV Charging Infrastructure
5.2.3 Opportunities
5.2.3.1 Implementation of Stringent Emission Norms & Environmental Regulations
5.2.3.2 Unstable Prices of Fossil Fuels
5.2.4 Challenges
5.2.4.1 Overheating of Traction Motors
5.2.4.2 Reduced Subsidies for EVs
5.2.5 Impact of Market Dynamics
5.3 Automotive Traction Market, Market Scenarios (2018-2026)
5.3.1 Most Likely Scenario
5.3.2 Optimistic Scenario
5.3.3 Pessimistic Scenario
5.4 Porter's Five Forces
5.4.1 Threat of New Entrants
5.4.1.1 Entry of New Market Players
5.4.1.2 New Developments by OEMs to Stay in Competition
5.4.2 Threat of Substitutes
5.4.2.1 Adoption of Clean Fuel Vehicles
5.4.2.2 Emergence of Alternative Motors
5.4.3 Bargaining Power of Buyers
5.4.3.1 Rise in Demand for Automotive Traction Motors
5.4.3.2 Declining Prices of EVs
5.4.3.3 Availability of Alternative Motors and Suppliers
5.4.4 Bargaining Power of Suppliers
5.4.4.1 Demand for Major Raw Materials
5.4.4.2 Price Fluctuations of Major Raw Materials
5.4.5 Intensity of Competitive Rivalry
5.4.5.1 Pre-Established Market Players
5.4.5.2 New Developments Related to Automotive Traction Motors
5.5 Pricing Analysis
5.6 Supply Chain Analysis
5.7 Ecosystem
5.8 Technology Analysis
5.8.1 Introduction
5.8.2 Hybrid and Electric Drive Modules
5.8.3 High-Power Electric Motors
5.9 Patent Analysis
5.10 Case Study
5.11 Trade/Sales Data
5.12 Regulatory Overview
5.13 Automotive Traction Motor Market: COVID-19 Impact
5.13.1 Impact on Raw Material Supply
5.13.2 Impact on Traction Motor Production
5.13.3 Impact due on EV Demand

6 Automotive Traction Motor Market, by Motor Type
6.1 Introduction
6.2 Operational Data
6.2.1 Assumptions
6.2.2 Research Methodology
6.2.3 Key Primary Insights
6.3 PMSM
6.3.1 Suited to High-Performance Applications
6.4 AC Induction Motors
6.4.1 Limited Complexity and Low Cost to Drive Demand

7 Automotive Traction Motor Market, by EV Type
7.1 Introduction
7.2 Operational Data
7.2.1 Assumptions
7.2.2 Research Methodology
7.2.3 Key Primary Insights
7.3 Battery Electric Vehicle (BEV)
7.3.1 Strict Emission Norms Will Drive Demand for BEVs
7.4 Hybrid Electric Vehicle (HEV)
7.4.1 Lesser Requirement of Electric Power Increases Demand for HEVs
7.5 Plug-In Hybrid Electric Vehicle (PHEV)
7.5.1 High Electric Range of PHEVs Will Drive Market Significantly

8 Automotive Traction Motor Market, by Power Output
8.1 Introduction
8.2 Operational Data
8.2.1 Assumptions
8.2.2 Research Methodology
8.2.3 Key Primary Insights
8.3 Less Than 200 Kw
8.3.1 Electrification of Passenger Cars to Drive the Less Than 200 Kw Segment
8.4 200-400 Kw
8.4.1 Demand from a Wide Array of Applications such as EV Buses and Trucks is Expected to Drive this Segment
8.5 Above 400 Kw
8.5.1 Increasing Rate of Urbanization and Growing Population are Expected to Drive the Demand for Above 400 Kw Power Motors

9 Automotive Traction Motor Market, by Type
9.1 Introduction
9.2 Operational Data
9.2.1 Assumptions
9.2.2 Research Methodology
9.2.3 Key Primary Insights
9.3 DC
9.3.1 Operational Benefits such as Low Noise and Less Maintenance are Expected to Drive the Demand for DC Motors
9.4 AC
9.4.1 High Efficiency and Low Manufacturing Cost of AC Traction Motors are Expected to Drive Their Demand

10 Automotive Traction Motor Market, by Vehicle Type
10.1 Introduction
10.2 Operational Data
10.2.1 Assumptions
10.2.2 Research Methodology
10.2.3 Key Primary Insights
10.3 Passenger Cars
10.3.1 Increasing Number of Emission Norms Pertaining to Passenger Cars to Boost Demand for Traction Motors
10.4 Commercial Vehicles
10.4.1 Increasing Demand in Logistics Sector to Drive Growth of Segment

11 Automotive Traction Motor Market, by Region
11.1 Introduction
11.2 Asia-Pacific
11.3 Europe
11.4 North America

12 Competitive Landscape
12.1 Overview
12.2 Market Evaluation Framework
12.3 Market Evaluation Framework: Revenue Analysis of Top Listed/Public Players
12.4 Market Share Analysis
12.5 COVID-19 Impact on Automotive Traction Motor Companies
12.5.1 Impact on EV Demand
12.6 Market Ranking Analysis
12.7 Competitive Scenario
12.7.1 Automotive Traction Motor Market: Product Launches
12.7.2 Automotive Traction Motor Market: Deals, 2018-2020
12.7.3 Automotive Traction Motor Market: Others, 2018-2020
12.8 Competitive Leadership Mapping for Automotive Traction Motor Market
12.8.1 Stars
12.8.2 Emerging Leaders
12.8.3 Pervasive
12.8.4 Participant
12.9 Strength of Product Portfolio
12.10 Business Strategy Excellence
12.11 Company Evaluation Quadrant-Product Footprint
12.12 Start-Up/SME Evaluation Matrix, 2020
12.13 Winners vs. Tail-Enders

13 Company Profiles
13.1 Borgwarner Inc.
13.2 BYD Co. Ltd.
13.3 Tesla Inc.
13.4 Schaeffler Group
13.5 ZF Friedrichshafen AG
13.6 Eaton Corporation plc
13.7 Robert Bosch GmbH
13.8 Continental AG
13.9 Denso Corporation
13.10 Magna International
13.11 Johnson Electric Holdings Limited
13.12 Valeo S.A.
13.13 Mahle Group
13.14 Nidec Corporation
13.15 Mitsuba Corporation
13.16 Zhejiang Founder Motor Co. Ltd.
13.17 Zhongshan Broad-Ocean Motor Co. Ltd.
13.18 Shenzhen Inovance Technology Co. Ltd.
13.19 Shenzhen Megmeet Electric Co. Ltd.
13.20 Other Players
13.20.1 Asia-Pacific
13.20.1.1 Jing-Jin Electric
13.20.1.2 Shanghai Edrive Co. Ltd.
13.20.1.3 United Automotive Electronics Co. Ltd. (UAES)
13.20.1.4 Zhuhai Enpower Electric Co. Ltd.
13.20.1.5 Shuanglin Group
13.20.1.6 Zhuzhou CRRC Times Electric Co. Ltd.

14 Analyst's Recommendations
14.1 Traction Motor Advancements in Electric Vehicles and Powerful Motor Technologies
14.2 Asia-Pacific to Drive Automotive Traction Motor Market
14.3 Conclusion

15 Appendix
15.1 Discussion Guide
15.2 Knowledge Store: The Subscription Portal
15.3 Available Customizations

For more information about this report visit https://www.researchandmarkets.com/r/tbigbw

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