자동차용 트랙션 모터 시장 전망(-2030년) : 차종별, 출력별, 모터 유형별, 작동 전류별, 연결 유형별, 용도별, 지역별 세계 시장 분석

According to Stratistics MRC, the Global Automotive Traction Motor Market is accounted for $9.49 billion in 2024 and is expected to reach $29.47 billion by 2030 growing at a CAGR of 20.8% during the forecast period. Automotive traction motors are essential parts of electric vehicles (EVs), providing propulsion power. These motors create torque to drive the wheels of the vehicle by converting electrical energy from the battery into mechanical energy. Traction motors, in contrast to conventional internal combustion engines, provide instant torque, enabling quick acceleration and more seamless operation. Moreover, induction coils or permanent magnets are frequently used in their designs to provide dependability and efficiency.

According to the International Energy Agency (IEA), the global sales of electric vehicles (EVs) surpassed 3 million units in 2020, indicating a significant acceleration in the transition towards sustainable transportation.

Market Dynamics:

Driver:

Growing interest in electric cars (EVs)

There are a growing number of factors that are driving the demand for electric vehicles (EVs). Governments all over the world are imposing stricter emission laws, which are driving automakers to switch to greener modes of transportation. Concurrently, consumers' inclinations toward environmentally conscious and climate change-mitigating sustainable modes of travel are growing. Additionally, automakers have responded to this growing demand by offering a wider range of electric vehicles in different segments, from luxury SUVs to small city cars.

Restraint:

Risks and dependencies in the supply chain

Numerous dependencies and risks affect the global supply chain for automotive traction motors, which may have an effect on availability and production. Because of supply chain risks brought on by commodity price fluctuations and geopolitical tensions, the manufacture of permanent magnet traction motors depends on rare earth materials like dysprosium and neodymium. Furthermore, events like pandemics, trade disputes, or natural disasters can cause supply chain disruptions that cause shortages of essential parts and delays in production.

Opportunity:

Developments in battery technology

The market for automotive traction motors is highly promising due to the continuous progress in battery technology. Innovations in lithium-ion battery chemistry, like lithium-sulfur and solid-state batteries, offer increased safety features, quicker charging times, and greater energy density. Moreover, these developments may increase the driving range and overall performance of electric cars, increasing the need for stronger and more effective traction motors.

Threat:

Obsolescence of technology

Businesses in the automotive traction motor sector face the risk of technological obsolescence due to the quick advancements in motor technology and the changing preferences of their clientele. Lowered sales and a smaller market share can result from products that fall behind the times and lose their market value when technology advances. Additionally, to stay competitive and ensure that their products comply with industry standards and laws, businesses need to make research and development investments in order to stay ahead of emerging trends and customer demands.

Covid-19 Impact:

The COVID-19 pandemic has had a substantial effect on the market for automotive traction motors, resulting in disruptions to the manufacturing process, supply chain, and consumer demand. Vehicle production and sales have sharply declined as a result of lockdown procedures, travel restrictions, and temporary closures of automotive production facilities. This has a direct impact on the demand for traction motors. Furthermore, manufacturers of traction motors have also experienced decreased production capacity and longer lead times as a result of supply chain disruptions, which include shortages of components and raw materials.

The 200-400 kW segment is expected to be the largest during the forecast period

The automotive transmission motor market is dominated by the 200-400 kW segment. The primary factor contributing to this segment's dominance is its suitability for a broad variety of electric vehicles, such as high-performance electric cars, commercial vehicles, and passenger cars. This power range of motors combines power, efficiency, and affordability in a way that makes them perfect for driving on both urban and highway surfaces. Moreover, manufacturers are using 200-400 kW motors more frequently in order to satisfy customer demand for higher-performance electric vehicles and stricter emission regulations.

The Permanent Magnet Synchronous Motors (PMSM) segment is expected to have the highest CAGR during the forecast period

In the automotive traction motor market, the Permanent Magnet Synchronous Motors (PMSM) segment is anticipated to grow at the highest CAGR. The superior performance characteristics, high power density, and superior efficiency of PMSMs over other motor types are the driving forces behind this growth. Longer driving ranges and better energy efficiency are possible with PMSMs because they provide excellent torque control and efficiency, which are critical for electric vehicle applications. Additionally, PMSM performance and cost-effectiveness are being further improved by continuous advancements in permanent magnet materials and motor design, which are drawing the attention of electric vehicle manufacturers.

Region with largest share:

Due to factors including the fast-growing electric vehicle (EV) market, government incentives encouraging EV adoption, and the presence of important automotive manufacturing hubs, the Asia-Pacific region holds the largest share of the global market for traction motors for automobiles. The demand for traction motors is increased by the fact that nations like China, Japan, and South Korea are leading the way in the production of electric vehicles and technological innovation. Furthermore, the adoption of electric vehicles in the region has been accelerated by favorable government policies like tax breaks, subsidies, and strict emission regulations, which have further fueled the growth of the automotive traction motor market.

Region with highest CAGR:

In the automotive traction motor market, the Europe region is projected to exhibit the highest CAGR. Stricter emission regulations, rising infrastructure investments for electric vehicles (EVs), and consumer preference for environmentally friendly transportation options are some of the factors supporting this growth. EV production and adoption are accelerating as a result of the European Union's aggressive carbon emission reduction targets, which are being implemented by automakers. Moreover, government programs like grants, tax breaks, and subsidies for EV purchases are encouraging consumer demand for traction-motor-equipped electric cars.

Key players in the market

Some of the key players in Automotive Traction Motor market include Denso Corporation, BorgWarner Inc, General Electric Co, BYD Company, Johnson Electric, ABB, Ltd, Toshiba Corporation, Mitsubishi Electric Corporation, Caterpillar Inc, Eaton Corporation, Hitachi, Ltd, MAHLE GmbH, Continental AG, Nidec Corporation, Siemens AG, Robert Bosch GmbH and Tesla Inc.

Key Developments:

In February 2024, Chinese electric vehicle giant BYD Co. Ltd. has signed a preliminary land purchase agreement to build its first European electric passenger car plant in Szeged, Hungary. BYD didn't disclose how much it would be spending on the new plant. The Chinese firm has operated an electric bus plant in Hungary since 2016 and has said it invested 20 million euro ($21.7 million) to build the bus factory.

In November 2023, BorgWarner has reached an agreement with a major global OEM to supply its 400V high voltage coolant heaters (HVCH) for the automaker's European light vehicle program. The anticipated start of production for the HVCH technology is in 2026. This business win marks the second HVCH contract secured with the global automaker over the course of two months, with the wins spanning different regions.

In March 2023, Denso Corporation and Toyota Partner With Electreon to Develop Wireless Charging Technology. Electreon has announced an agreement to jointly develop wireless charging technology with Toyota Motor Corporation and DENSO Corporation. The agreement follows a successful technology evaluation conducted at Electreon's headquarters in Beit Yanai, Israel, in which technical teams from TOYOTA and DENSO participated.

Vehicle Types Covered:

• Passenger Vehicles (PVs)
• Commercial Vehicles (CVs)
• Other Vehicle Types

Power Outputs Covered:

• Less Than 200 kW
• 200-400 kW
• Above 400 kW

Motor Types Covered:

• Alternating Current (AC) Induction Motors
• Direct Current (DC) Brushless
• Permanent Magnet Synchronous Motors (PMSM)
• Other Motor Types

Operating Currents Covered:

• Direct Current (DC)
• Alternating Current (AC)

Connection Types Covered:

• Parallel Connection
• Series Connection

Applications Covered:

• Railways
• Electric Vehicle
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Automotive Traction Motor Market, By Vehicle Type

• 5.1 Introduction
• 5.2 Passenger Vehicles (PVs)
  • 5.2.1 Hatchbacks
  • 5.2.2 Multi Utility Vehicles
  • 5.2.3 Sedans
• 5.3 Commercial Vehicles (CVs)
  • 5.3.1 Heavy Commercial Vehicles
  • 5.3.2 Light Commercial Vehicles
• 5.4 Other Vehicle Types

6 Global Automotive Traction Motor Market, By Power Output

• 6.1 Introduction
• 6.2 Less Than 200 kW
• 6.3 200-400 kW
• 6.4 Above 400 kW

7 Global Automotive Traction Motor Market, By Motor Type

• 7.1 Introduction
• 7.2 Alternating Current (AC) Induction Motors
• 7.3 Direct Current (DC) Brushless
• 7.4 Permanent Magnet Synchronous Motors (PMSM)
• 7.5 Other Motor Types

8 Global Automotive Traction Motor Market, By Operating Current

• 8.1 Introduction
• 8.2 Direct Current (DC)
• 8.3 Alternating Current (AC)

9 Global Automotive Traction Motor Market, By Connection Type

• 9.1 Introduction
• 9.2 Parallel Connection
• 9.3 Series Connection

10 Global Automotive Traction Motor Market, By Application

• 10.1 Introduction
• 10.2 Railways
• 10.3 Electric Vehicle
  • 10.3.1 Battery Electric Vehicle (BEV)
  • 10.3.2 Hybrid Electric Vehicle (HEV)
  • 10.3.3 Plug-In Hybrid Electric Vehicle (PHEV)
• 10.4 Other Applications

11 Global Automotive Traction Motor Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Denso Corporation
• 13.2 BorgWarner Inc
• 13.3 General Electric Co
• 13.4 BYD Company
• 13.5 Johnson Electric
• 13.6 ABB, Ltd
• 13.7 Toshiba Corporation
• 13.8 Mitsubishi Electric Corporation
• 13.9 Caterpillar Inc
• 13.10 Eaton Corporation
• 13.11 Hitachi, Ltd
• 13.12 MAHLE GmbH
• 13.13 Continental AG
• 13.14 Nidec Corporation
• 13.15 Siemens AG
• 13.16 Robert Bosch GmbH
• 13.17 Tesla Inc.