Global Automotive Traction Motor Market Size, By Vehicle Type (PC, Pick-up Trucks, Trucks, Buses & Vans), By Motor Type (PMSM, AC Induction), By Type (AC, DC), By EV Type (BEV, HEV, PHEV), By Power Output (less than 200 KW, 200-400 KW, and above 400 KW), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Automotive Traction Motor Market 
Global Automotive Traction Motor Market was valued at USD 6.5 billion in 2021 and is expected to reach USD 18.4 billion by 2027, at a CAGR 12.91% from 2022-2027.
Automotive traction motor is an automatic or electric motor used for propulsion of a vehicle, like locomotives, electric & hydrogen vehicles, elevators, and electric multiple units.
Traction motors are used in electrically powered rail vehicles and other electric vehicles including elevators, electric milk floats, conveyors, roller coasters, trolleybuses, and vehicles with electrical transmission systems such as diesel-electric locomotives, and electric hybrid vehicles, and battery electric vehicles.
Market Drivers
The Global Automotive Traction Motor Market is growing effectively due to increasing demand of EV’s, rise in manufacturing of high-performance motors across the globe, and supporting government policies. The growing popularity and technological advancements in electric vehicles have a direct positive effect on the traction motors market.
Further, the highly predicted growth of EVs due to government mandates and global presence of major OEMs and Tier-1 suppliers in the automotive traction motor market is expected to drive the market.
Market Restraints
However, limited availability and price volatility of materials used in production of traction motors hinders the market growth. Whereas, limited EV charging supporting infrastructure in developing countries acts as a restraining factor to the market.
Market Segmentation
The Global Automotive Traction Motor Market is segmented based on the EV Type, the market is segmented into battery electric vehicle (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicle (PHEV). Based on Type, the market is segmented into alternating current (AC), and direct current (DC). Based on the Motor Type, the market is segmented into permanent magnet synchronous motor (PMSM), DC brushless, and AC induction. Based on the Power Output, the market is segmented into less than 200 kW, 200-400 kW, and above 400 kW.
Regional Analysis
The Global Automotive Traction Motor Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is projected to be the largest automotive traction motor market for commercial vehicles. This can be attributed to the increasing popularity of pickup trucks in the region among OEMs such as Chrysler, Ford, and General Motors.
Also, traction motor manufacturers in the region are also growing their investments in this segment to add more fuel-efficient features.
Europe is the second most dominant region in the manufacturing of traction motors and the automobile industry. Europe is also known to be hub for the world’s largest automobile manufacturing companies especially for automotive traction motors.
Key Players
Various key players are discussed into the Global Automotive Traction Motor Market Report including: Borgwarner Inc., Schaeffler Group, BYD Co. Ltd., Nidec Corporation, Continental AG, Denso Corporation, Eaton Corporation plc, Jing-Jin Electric, Johnson Electric Holdings Limited, Magna International, Mahle Group, Mitsuba Corporation, Nidec Corporation, Robert Bosch GmbH, and ZF Friedrichshafen AG.
Market Taxonomy
By Vehicle Type
•    Passenger cars
•    Trucks
•    Buses
•    Pickup Trucks
•    Vans
By EV Type
•    BEV
•    HEV
•    PHEV
By Type
•    AC
•    DC
By Motor Type:
•    PMSM
•    AC induction
By Power Output:
•    Less than 200 kW
•    200-400 kW
•    Above 400 kW
By Region
•    North America
•    Latin America
•    Europe
•    Asia Pacific
•    Middle East & Africa

Global Automotive Traction Motor Market
1 Introduction    
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Traction Motor Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Traction Motor Market, By Vehicle Type
5.1 Y-o-Y Growth Comparison, By Vehicle Type
5.2 Global Automotive Traction Motor Market Share Analysis, By Vehicle Type
5.3 Global Automotive Traction Motor Market Size and Forecast, By Vehicle Type
5.3.1 Passenger cars
5.3.2 Trucks
5.3.3 Buses
5.3.4 Pickup Trucks
5.3.5 Vans
6 Global Automotive Traction Motor Market, By EV Type
6.1 Y-o-Y Growth Comparison, By EV Type
6.2 Global Automotive Traction Motor Market Share Analysis, By EV Type
6.3 Global Automotive Traction Motor Market Size and Forecast, By EV Type
6.3.1 BEV
6.3.2 HEV
6.3.3 PHEV
7 Global Automotive Traction Motor Market, By Type 
7.1 Y-o-Y Growth Comparison, By Type
7.2 Global Automotive Traction Motor Market Share Analysis, By Type
7.3 Global Automotive Traction Motor Market Size and Forecast, By Type
7.3.1 AC
7.3.2 DC
8 Global Automotive Traction Motor Market, By Motor Type
8.1 Y-o-Y Growth Comparison, By Motor Type
8.2 Global Automotive Traction Motor Market Share Analysis, By Motor Type
8.3 Global Automotive Traction Motor Market Size and Forecast, By Motor Type
8.3.1 PMSM
8.3.2 AC induction
9 Global Automotive Traction Motor Market, By Power Output
9.1 Y-o-Y Growth Comparison, By Power Output
9.2 Global Automotive Traction Motor Market Share Analysis, By Power Output
9.3 Global Automotive Traction Motor Market Size and Forecast, By Power Output
9.3.1 Less than 200 kW
9.3.2 200-400 kW
9.3.3 Above 400 kW
10 Global Automotive Traction Motor Market, By Region
10.1 Global Automotive Traction Motor Market Share Analysis, By Region
10.2 Global Automotive Traction Motor Market Share Analysis, By Region
10.3 Global Automotive Traction Motor Market Size and Forecast, By Region
11 North America Automotive Traction Motor Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Automotive Traction Motor Market Share Analysis, By Vehicle Type
11.3 North America Automotive Traction Motor Market Size and Forecast, By EV Type
11.4 North America Automotive Traction Motor Market Size and Forecast, By Type
11.5 North America Automotive Traction Motor Market Size and Forecast, By Motor Type
11.6 North America Automotive Traction Motor Market Size and Forecast, By Power Output
11.7 North America Automotive Traction Motor Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Automotive Traction Motor Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Automotive Traction Motor Market Share Analysis, By Vehicle Type
12.3 Europe Automotive Traction Motor Market Size and Forecast, By EV Type
12.4 Europe Automotive Traction Motor Market Size and Forecast, By Type
12.5 Europe Automotive Traction Motor Market Size and Forecast, By Motor Type
12.5 Europe Automotive Traction Motor Market Size and Forecast, By Power Output
12.7 Europe Automotive Traction Motor Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Automotive Traction Motor Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Automotive Traction Motor Market Share Analysis, By Vehicle Type
13.3 Asia Pacific Automotive Traction Motor Market Size and Forecast, By EV Type
13.4 Asia Pacific Automotive Traction Motor Market Size and Forecast, By Type
13.5 Asia Pacific Automotive Traction Motor Market Size and Forecast, By Motor Type
13.6 Asia Pacific Automotive Traction Motor Market Size and Forecast, By Power Output
13.7 Asia Pacific Automotive Traction Motor Market Size and Forecast, By Country
13.7.1 China    
13.7.2 Japan
13.7.3 India
13.7.4 Rest of Asia Pacific
14 Latin America Automotive Traction Motor Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Automotive Traction Motor Market Share Analysis, By Vehicle Type
14.3 Latin America Automotive Traction Motor Market Size and Forecast, By EV Type
14.4 Latin America Automotive Traction Motor Market Size and Forecast, By Type
14.5 Latin America Automotive Traction Motor Market Size and Forecast, By Motor Type
14.6 Latin America Automotive Traction Motor Market Size and Forecast, By Power Output
14.7 Latin America Automotive Traction Motor Market Size and Forecast, Country
14.7.1 Brazil
14.7.2 Rest of Latin America
15 Middle East Automotive Traction Motor Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Automotive Traction Motor Market Share Analysis, By Vehicle Type
15.3 Middle East Automotive Traction Motor Market Size and Forecast, By EV Type
15.4 Middle East Automotive Traction Motor Market Size and Forecast, By Type
15.5 Middle East Automotive Traction Motor Market Size and Forecast, By Motor Type
15.6 Middle East Automotive Traction Motor Market Size and Forecast, By Power Output
15.7 Middle East Automotive Traction Motor Market Size and Forecast, By Country
15.7.1 Saudi Arabia
15.7.2 UAE
15.7.3 Egypt
15.7.4 Kuwait
15.7.5 South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Borgwarner Inc.
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Schaeffler Group
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 BYD Co.
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Nidec Corporation
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
16.4.6 Key Strategies
17.5 Continental AG
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Denso Corporation
16.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 ZF Friedrichshafen AG
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies    
17.8 Robert Bosch GmbH
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Eaton Corporation plc
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Mitsuba Corporation
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies