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Tuesday, 16 August 2022 10:59 GMT

Electric Vehicle Motor Market Growth, Share, Historical Background And Forecast To 2026


(MENAFN- Ameliorate Digital Consultancy)

The Electric Vehicle Motor market research report talks about the historic and current developments that are driving the growth trajectory of this business landscape. In an effort to boost the stakeholder's profits, the document also highlights important trends and obstacles for different market segmentations. The detailed analysis of the market segmentations could allow stakeholders to understand possible expansion as well as revenue generating avenues prevailing in this business sphere. The document also delivers estimated market size, growth rate, and share during the study period. The study examines the pricing strategies, consumer behavior, and competitive environment found in this industry landscape.

Global Electric Vehicle Motor market is valued approximately USD 1.98 Billion in 2018 and is anticipated to grow with a growth rate of more than 41.30% over the forecast period 2019-2026. Electric vehicle motor is an electromechanical device that enables power to electric vehicles through converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. The electric vehicle motor includes end bracket, frame, bearings, rotors and stator. It offers various benefits such as zero emission, low maintenance cost, high efficiency, and automated control to the electric vehicle therefore is expected to drive over the forecast years with the increasing number of electric vehicles across the globe. Therefore, escalating demand for electric vehicles across the globe accelerate the growth of market over the forecast years. For instance: According to the International Energy Agency (IEA) 2019, the global electric car deployment has been growing rapidly over the past ten years, the global stock of electric passenger vehicle cars was passed by 5 million in 2018 with an increase of 63% from 2017. It was found that over 45% of electric cars on China's road in 2018 that is 2.3 million compared to 39% in 2017. Similarly, Europe accounts for 24% of global electric cars and United States with 22% in 2018. Whereas, favourable government initiatives regarding promotion of electric vehicles is a lucrative opportunity for the growth of market over the forecast years. However, stringent government regulation regarding approval of EV motor is expected to hamper the growth of market over the forecast years.

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Global Electric Vehicle Motor market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is accounts for the largest share in the global electric vehicle motor market due to increasing development of manufacturing facilities by industries in the region. Whereas, North America is the fastest growing region in the market due to the presence of established market players in the market.

Market player included in this report are:

Tesla motors

Continental ag

Baldor electric company inc.

BOSCH

Honda motor co., ltd.

Toyota motor corporation

Ford motor company

Nissan motor corporation ltd.

Ametek incorporation

ARC systems incorporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Function offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Alternative Current motor

Direct current motor

By Vehicle Type:

Two-Wheeler

Commercial Vehicle

Passenger Vehicle

By Power rating:

Low

Mid

High

By Regions:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017

Base year – 2018

Forecast period – 2019 to 2026

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Goals and objectives of this Report

  • Understanding the opportunities and progress of Global Market highlights, as well as key regions and countries involved in market growth.
  • Study the different segments of the Global Market and the dynamics of Global Market in the market.
  • Categorize Global Market segments with increasing growth potential and evaluate the futuristic segment market
  • To analyze the most important trends related to the different segments that help to decipher and convince the Global Market.
  • To verify region-specific growth and development in the Global Market.
  • Understand the key stakeholders in the Global Market and the value of the competitive image of the Global Market leaders.
  • To study key plans, initiatives and strategies for the development of the Global Market.

Key questions answered in the report:

  • Which are the five top players of the Global Market?
  • How will the Global Market change in the next five years?
  • Which product and application will take a lion's share of the Global Market?
  • What are the drivers and restraints of the Global Market?
  • Which regional market will show the highest growth?
  • What will be the CAGR and size of the Global Market throughout the forecast period?

 

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