The traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles. Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each other, whereas like poles repel.
Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.
According to our (Global Info Research) latest study, the global Automotive Traction Motor Core market size was valued at US$ 3368 million in 2023 and is forecast to a readjusted size of USD 9827 million by 2030 with a CAGR of 16.7% during review period.
Global key manufacturers of automotive traction motor core are Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Tempel Steel, Hidria, JFE Shoji, and others. The top three manufacturers have a total market share of 50%, with the largest manufacturer being Mitsui High-tec with a 30% share. The global origins are mainly located in North America, Europe, China, Japan, and Korea, with Japan being the largest production region with a 40% market share. In terms of product categories, permanent magnet motor cores have more market share with 80%, while AC induction motor cores have a lower share. In terms of its application, pure electric vehicles (EV) are the number one application area, with over 65% market share, while hybrid vehicles (HEV) account for 35%.
This report is a detailed and comprehensive analysis for global Automotive Traction Motor Core market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Automotive Traction Motor Core market size and forecasts, in consumption value ($ Million), sales quantity (K Unit), and average selling prices (US$/Unit), 2019-2030
Global Automotive Traction Motor Core market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Unit), and average selling prices (US$/Unit), 2019-2030
Global Automotive Traction Motor Core market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Unit), and average selling prices (US$/Unit), 2019-2030
Global Automotive Traction Motor Core market shares of main players, shipments in revenue ($ Million), sales quantity (K Unit), and ASP (US$/Unit), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Automotive Traction Motor Core
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Automotive Traction Motor Core market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Tempel Steel, Hidria, JFE Shoji, Wuxi Longsheng Technology, Tongda Power Technology, Toyota Boshoku Corporation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Automotive Traction Motor Core market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Permanent Magnet Motor Cores
AC Induction Motor Cores
Market segment by Application
EV
HEV
Major players covered
Mitsui High-tec
EUROTRANCIATURA
POSCO
Suzhou Fine-stamping
Tempel Steel
Hidria
JFE Shoji
Wuxi Longsheng Technology
Tongda Power Technology
Toyota Boshoku Corporation
Kienle Spiess
Shiri Electromechanical Technology
Yutaka Giken
Kuroda Precision
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Automotive Traction Motor Core product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Automotive Traction Motor Core, with price, sales quantity, revenue, and global market share of Automotive Traction Motor Core from 2019 to 2024.
Chapter 3, the Automotive Traction Motor Core competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Automotive Traction Motor Core breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Automotive Traction Motor Core market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Traction Motor Core.
Chapter 14 and 15, to describe Automotive Traction Motor Core sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Automotive Traction Motor Core. Industry analysis & Market Report on Automotive Traction Motor Core is a syndicated market report, published as Global Automotive Traction Motor Core Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Automotive Traction Motor Core market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.