Automotive Traction Motor Market 2022
Automotive Traction Motor Market Segmented By voltage rating such as Low Vehicle Traction Motor, High Vehicle Traction Motor with type such as Alternate Current Vehicle Traction Motor, Direct Current Vehicle Traction Motor
Automotive traction motor is an electric motor used for the creation of motion in vehicles such as electric roadway or electric locomotive vehicles. These motors are generally used in rail vehicles and other electric vehicles.
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Historically, petrol and diesel engines with mechanical or hydraulic transmission systems were utilised in road vehicles (trucks, buses, and cars). Later, electrical transmission systems for automobiles were created, allowing for battery pack charging to be done efficiently overall.
Additionally, traction motors aid in shortening the cooling period while cars are operating at a high temperature, increasing the motor’s efficiency. To transmit the torque from the engine shaft for forward motion, traction motors employ alternative or direct current, which is likely to have a group or individual electric drive.
The majority of manufacturers are working to create traction motors with improved power density, dependability, and efficiency. The expense of maintaining cars is further reduced by the use of traction motors. These factors are projected to cause the global market for vehicle traction motors to grow significantly over the course of the forecast period.
Moreover, in the recent years, vehicle manufacturers have faced challenges pertaining to boosting the efficiency of their vehicles. These challenges can be attributed to soaring fuel prices, laws that require a reduction in greenhouse gasses, government regulations that mandate an increase in fuel economy and the demand from customers for improvements in the productivity of vehicles. These factors are expected to increase the demand for electric vehicles, which is, in turn, expected to drive the demand for vehicle traction motors.
Vehicle Traction Motor Market: Market Participants
Examples of some of the market participants/vendors in the vehicle traction motor market across the globe are:
- ABB
- Zhongshan Broad-Ocean Motor Co. Ltd.
- BorgWarner Inc.
- Robert Bosch AG
- Siemens AG
- Toshiba Group
- ZF Group
- Continental AG
- Remy Group
- Valeo SA
The research report presents a comprehensive assessment of the vehicle traction motors market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
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Vehicle Traction Motor Market: Segmentation
basis of end use industry
- Railway Vehicle Traction Motor
- Road Vehicles (Electric Vehicles) Vehicle Traction Motor
- Industrial Vehicle Traction Motor
basis of voltage rating
- Low Vehicle Traction Motor
- High Vehicle Traction Motor
basis of type
- Alternate Current Vehicle Traction Motor
- Direct Current Vehicle Traction Motor
Vehicle Traction Motor Market: Trends/Regional Outlook
On the basis on region, the vehicle traction motor is segmented into Western Europe, Latin America, North America, Eastern Europe, Middle East & Africa, SEAPAC, India, China and Japan. India, Japan and China are estimated to be growing at significant CAGR owing to presence of the largest number of car manufacturers in these countries, which include Maruti, Honda, Hyundai, Volkswagen and others.
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Key Stakeholders
Automotive Traction Motor Market Manufacturers
Automotive Traction Motor Market Distributors/Traders/Wholesalers
Automotive Traction Motor Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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