A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
In the coming years there is an increasing demand for EV Traction Motor in the regions of United States and Europe that is expected to drive the market for more advanced EV Traction Motor. Growth in government budgets in the principal countries, increasing of new energy automotive fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of EV Traction Motor will drive growth in North America and Europe markets.

Market Analysis and Insights: Global EV Traction Motor Market
The global EV Traction Motor market size is projected to reach US$ 60480 million by 2026, from US$ 8681.6 million in 2020, at a CAGR of 38.2% during 2021-2026.

Global EV Traction Motor Scope and Market Size
The global EV Traction Motor market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global EV Traction Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Segment by Type, the EV Traction Motor market is segmented into
AC Induction Motor
Permanent Magnet Motor

Segment by Application, the EV Traction Motor market is segmented into
BEV
PHEV

The EV Traction Motor market is analysed and market size information is provided by regions (countries). Segment by Application, the EV Traction Motor market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and EV Traction Motor Market Share Analysis
EV Traction Motor market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in EV Traction Motor business, the date to enter into the EV Traction Motor market, EV Traction Motor product introduction, recent developments, etc.

The major vendors covered:
BMW
Tesla
Broad-Ocean
BYD
Nissan
Continental AG
Jing-Jin Electric Technologies
ZF
Groupe Renault
Toyota
Meidensha
BOSCH
UAES
LG
Dajun Tech
SIEMENS
Greatland Electrics
Hitachi Automotive Systems
Magna