Electric Motors Market Size & Share 2023 to 2032

Market Size in Transportation Sector by Motor (Traction Motors, Small DC Motors For Automotive, Small DC Motors For Railways And Aerospace Applications), by End Use (OEM, Aftermarket) & Forecast.
Report ID: GMI2144
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Published Date: December 2022
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Report Format: PDF

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Electric Motors Market Size

Electric Motors Market size in Transportation Sector surpassed USD 18 billion in 2022 and is anticipated to register over 5.5% CAGR from 2023 to 2032. This is a result of the increasing government efforts to boost EV production and curb environmental hazards.
 

Electric Motors Market size in Transportation Sector

As global automakers are shifting toward eco-friendly mobility options, the deployment of electric motors as electric vehicle engines is set to accelerate. Over the years, governments have gained increasing awareness of the environmental impact of transportation and joined hands with other authorities on various fronts, including the reduction of carbon dioxide emissions. Citing an instance, in May 2019, major economies across the globe came together to develop multi-government policies to accelerate EV adoption. Stringent government mandates and regulations have also been imposed as part of global zero-carbon targets, thereby proliferating electric motor installation in automobiles.
 

Apart from motor vehicles, the machine is a vital component in automotive HVAC equipment, considering its lightweight, small-sized, and cost-effective attributes. However, the utilization of a low load factor and a high HP motor is associated with higher expenses per hour. Additionally, battery crises and supply chain disruptions may likely stall EV production and consequently limit the use of electric motors. Despite these challenges, increased funding programs to supercharge battery manufacturing for EV applications are likely to fuel product demand over the estimated timeline.
 

 

Electric Motors Market Analysis

Electric Motors Market In Transportation Sector, By Motor

Based on the motor, the electric motors market in transportation sector from small DC motors for automotive segment will exceed USD 22 billion by 2032. This motor is adopted for retracting, positioning, and extending electrically powered side windows, among other electric vehicle applications. Product demand is likely to remain strong, due to continued innovation to improve performance and costs. Key features also include high-speed range, noiseless operation, and faster dynamic response, leading to the widespread usage of small DC motors in the automotive industry.
 

Small DC motors for automotive segment is further segregated into cooling fans & blower motors, forklift actuation motors, vacuum pump motors, ABS motors, and air suspension motors categories. The ABS motors segment will depict a 6% CAGR through 2032, owing to their use as an alternative to conventional friction braking systems. These motors also ensure a superior braking performance and can save energy, thereby contributing to their development for EV applications.
 

Electric Motors Market In Transportation Sector, By End-use

The electric motors market size in transportation sector from the OEM end-use segment is expected to reach USD 25 billion by 2032, given the rising disposable income and improving economic conditions. Over the years, automobile manufacturers have been targeting to upgrade vehicle features through the deployment of advanced electric motors. Furthermore, the high emphasis on the production of different types of cars and railway vehicles will create lucrative opportunities for OEMs to design electric motors.
 

Electric Motors Market In Transportation Sector, By Region

Regionally speaking, the North America electric motors market value in transportation sector is slated to exhibit a 5.5% CAGR till 2032, owing to the rise in living standards and healthy economic conditions is one of the prominent reasons driving electric motor development. Strict regulations have also been imposed to limit carbon emissions, encouraging manufacturers to integrate electric motors into their products. Additionally, with the increasing individual income levels, manufacturing output, and automobile innovations, product consumption is likely to further surge across the North American region.
 

Electric Motors Market Share

Some of the leading companies operating in the market include:

  • ABB
  • Allied Motion Inc
  • Robert Bosch GmbH
  • Baldor Electric Company
  • Bühler Motor GmbH
  • Dongjin Vietnam
  • Denso Corporation
  • Emerson Electric Co
  • Fuji Electric Co., Ltd
  • Johnson Electric
  • General Electric
  • Lucas TVS
  • Siemens AG
  • Maxon Motor AG
  • WEG
  • Zytek Automotive/Continental Engineering Services
  • YASA Limited.

These companies are emphasizing business expansions, collaborations, and other strategies to reinforce their presence in the global market.
 

Impact of COVID-19 Pandemic

The COVID-19 pandemic has asserted an adverse impact on industry verticals, including the automotive sector, since its onset in early 2020. In the initial months of the outbreak, most auto manufacturing facilities were shut down, creating a ripple effect on labor and supply. These challenges may have hindered the demand for high- and low-voltage motors for EV applications. However, EV adoption has been witnessing a revival in recent years. Based on IEA data, in 2021, electric car sales reached 6.6 million, indicating a 3-fold increase from two years earlier, and consequently generating growth opportunities for the industry over the forecast period.
 

This electric motors market in transportation sector market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million units and revenue in USD million from 2018 to 2032 for the following segments:

Market, By Motor

  • Traction motors
  • Small DC motors for automotive
    • Air suspension motors
    • ABS motors
    • Vacuum pump motors
    • Forklift actuation motors
    • Cooling fans & blower’s motors
  • Small DC motors for railways and aerospace applications
    • High voltage motor
    • Low voltage motor
    • Cooling motor
    • HVAC compressor motors

Market, By End-Use

  • OEM
  • Aftermarket

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Poland
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
    • Columbia
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Preeti Wadhwani, Aishvarya Ambekar
Electric Motors Market Scope
  • Electric Motors Market Size
  • Electric Motors Market Trends
  • Electric Motors Market Analysis
  • Electric Motors Market Share

Report Content

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Base estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific

1.2.4    Latin America

1.2.5    Middle East & Africa

1.3    Forecast calculations

1.3.1    COVID-19 impact calculations on industry landscape

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Electric Motors Market In Transportation Sector market industry 360º synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Motor trends

2.1.4    End-use trends

Chapter 3   Electric Motors Market In Transportation Sector Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2018 – 2032

3.2.1    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Component suppliers

3.3.2    Manufacturers

3.3.3    System integrators

3.3.4    Profit margin analysis

3.3.5    Value chain disruption analysis (COVID-19 impact)

3.3.6    Distribution channel analysis

3.4    Pricing analysis

3.4.1    By region

3.4.1.1   North America

3.4.1.2   Europe

3.4.1.3   LATAM

3.4.1.4   APAC

3.4.1.5   MEA

3.4.2    COVID-19 effect on pricing

3.4.2.1   North America

3.4.2.2   Europe

3.4.2.3   APAC

3.4.2.4   LATAM

3.4.2.5   MEA

3.5    Cost structure analysis

3.6    Technology landscape

3.7    Regulatory landscape

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1   Adoption of electric motors in passenger cars and commercial vehicles

3.8.1.2   Favourable regulatory landscape for electric vehicles

3.8.2    Industry pitfalls and challenges

3.8.2.1   Operation and supply chain issues

3.8.2.2   Probability of product failure

3.9    Growth potential analysis, 2022

3.10    Innovation & sustainability

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

Chapter 4   Competitive landscape

4.1    Introduction

4.2    Company market share analysis, 2022

4.2.1    North America market share analysis 2022

4.2.2    Europe market share analysis 2022

4.2.3    Asia Pacific market share analysis 2022

4.2.4    Latin America market share analysis 2022

4.2.5    MEA market share analysis 2022

4.3    Strategic dashboard

Chapter 5   Electric Motors Market In Transportation Sector, By Motor

5.1    Electric motors market in transportation sector share, by motor

5.2    Traction Motor

5.2.1    Market estimate and forecast 2018 - 2032

5.2.2    Market estimate and forecast, by region, 2018 - 2032

5.3    Small DC motors for automotive

5.3.1    Market estimate and forecast 2018 - 2032

5.3.2    Market estimate and forecast, by region, 2018 - 2032

5.3.3    Air suspension motors

5.3.3.1   Market estimate and forecast 2018 - 2032

5.3.3.2   Market estimate and forecast, by region, 2018 - 2032

5.3.4    ABS motors

5.3.4.1   Market estimate and forecast 2018 - 2032

5.3.4.2   Market estimate and forecast, by region, 2018 - 2032

5.3.5    Vacuum pump motors

5.3.5.1   Market estimate and forecast 2018 - 2032

5.3.5.2   Market estimate and forecast, by region, 2018 - 2032

5.3.6    Fork lift actuation motors

5.3.6.1   Market estimate and forecast 2018 - 2032

5.3.6.2   Market estimate and forecast, by region, 2018 - 2032

5.3.7    Cooling fans & blower’s motors

5.3.7.1   Market estimate and forecast 2018 - 2032

5.3.7.2   Market estimate and forecast, by region, 2018 - 2032

5.4    Small DC motors for railways and aerospace applications

5.4.1    Market estimate and forecast 2018 - 2032

5.4.2    Market estimate and forecast, by region, 2018 – 2032

5.4.3    High voltage motor

5.4.3.1   Market estimate and forecast 2018 - 2032

5.4.3.2   Market estimate and forecast, by region, 2018 - 2032

5.4.4    Low voltage motor

5.4.4.1   Market estimate and forecast 2018 - 2032

5.4.4.2   Market estimate and forecast, by region, 2018 - 2032

5.4.5    Cooling motor

5.4.5.1   Market estimate and forecast 2018 - 2032

5.4.5.2   Market estimate and forecast, by region, 2018 - 2032

5.4.6    HVAC compressor motors

5.4.6.1   Market estimate and forecast 2018 - 2032

5.4.6.2   Market estimate and forecast, by region, 2018 - 2032

Chapter 6   Electric Motors Market In Transportation Sector, By End-use

6.1    Electric motors market in transportation sector share, by end-use

6.2    OEM

6.2.1    Market estimate and forecast 2018 - 2032

6.2.2    Market estimate and forecast, by region, 2018 - 2032

6.3    Aftermarket

6.3.1    Market estimate and forecast 2018 - 2032

6.3.2    Market estimate and forecast, by region, 2018 – 2032

Chapter 7   Electric Motors Market In Transportation Sector, By Region

7.1    Electric motors market in transportation sector share, by region

7.2    North America

7.2.1    Market estimates & forecast, 2018 – 2032

7.2.2    Market estimates & forecast, by motor, 2018 – 2032

7.2.3    Market estimates and forecast, by end-use, 2018 – 2032

7.2.4    U.S.

7.2.4.1   Market estimates & forecast, 2018 – 2032

7.2.4.2   Market estimates & forecast, by motor, 2018 – 2032

7.2.4.3   Market estimates and forecast, by end-use, 2018 – 2032

7.2.5    Canada

7.2.5.1   Market estimates & forecast, 2018 – 2032

7.2.5.2   Market estimates & forecast, by motor, 2018 – 2032

7.2.5.3   Market estimates and forecast, by end-use, 2018 – 2032

7.3    Europe

7.3.1    Market estimates & forecast, 2018 – 2032

7.3.2    Market estimates & forecast, by motor, 2018 – 2032

7.3.3    Market estimates and forecast, by end-use, 2018 – 2032

7.3.4    Germany

7.3.4.1   Market estimates & forecast, 2018 – 2032

7.3.4.2   Market estimates & forecast, by motor, 2018 – 2032

7.3.4.3   Market estimates and forecast, by end-use, 2018 – 2032

7.3.5    UK

7.3.5.1   Market estimates & forecast, 2018 – 2032

7.3.5.2   Market estimates & forecast, by motor, 2018 – 2032

7.3.5.3   Market estimates and forecast, by end-use, 2018 – 2032

7.3.6    France

7.3.6.1   Market estimates & forecast, 2018 – 2032

7.3.6.2   Market estimates & forecast, by motor, 2018 – 2032

7.3.6.3   Market estimates and forecast, by end-use, 2018 – 2032

7.3.7    Russia

7.3.7.1   Market estimates & forecast, 2018 – 2032

7.3.7.2   Market estimates & forecast, by motor, 2018 – 2032

7.3.7.3   Market estimates and forecast, by end-use, 2018 – 2032

7.3.8    Italy

7.3.8.1   Market estimates & forecast, 2018 – 2032

7.3.8.2   Market estimates & forecast, by motor, 2018 – 2032

7.3.8.3   Market estimates and forecast, by end-use, 2018 – 2032

7.3.9    Poland

7.3.9.1   Market estimates & forecast, 2018 – 2032

7.3.9.2   Market estimates & forecast, by motor, 2018 – 2032

7.3.9.3   Market estimates and forecast, by end-use, 2018 – 2032

7.3.10    Spain

7.3.10.1    Market estimates & forecast, 2018 – 2032

7.3.10.2    Market estimates & forecast, by motor, 2018 – 2032

7.3.10.3    Market estimates and forecast, by end-use, 2018 – 2032

7.4    Asia Pacific

7.4.1    Market estimates & forecast, 2018 – 2032

7.4.2    Market estimates & forecast, by motor, 2018 – 2032

7.4.3    Market estimates and forecast, by end-use, 2018 – 2032

7.4.4    China

7.4.4.1   Market estimates & forecast, 2018 – 2032

7.4.4.2   Market estimates & forecast, by motor, 2018 – 2032

7.4.4.3   Market estimates and forecast, by end-use, 2018 – 2032

7.4.5    Japan

7.4.5.1   Market estimates & forecast, 2018 – 2032

7.4.5.2   Market estimates & forecast, by motor, 2018 – 2032

7.4.5.3   Market estimates and forecast, by end-use, 2018 – 2032

7.4.6    India

7.4.6.1   Market estimates & forecast, 2018 – 2032

7.4.6.2   Market estimates & forecast, by motor, 2018 – 2032

7.4.6.3   Market estimates and forecast, by end-use, 2018 – 2032

7.4.7    South Korea

7.4.7.1   Market estimates & forecast, 2018 – 2032

7.4.7.2   Market estimates & forecast, by motor, 2018 – 2032

7.4.7.3   Market estimates and forecast, by end-use, 2018 – 2032

7.4.8    Australia

7.4.8.1   Market estimates & forecast, 2018 – 2032

7.4.8.2   Market estimates & forecast, by motor, 2018 – 2032

7.4.8.3   Market estimates and forecast, by end-use, 2018 – 2032

7.4.9    Vietnam

7.4.9.1   Market estimates & forecast, 2018 – 2032

7.4.9.2   Market estimates & forecast, by motor, 2018 – 2032

7.4.9.3   Market estimates and forecast, by end-use, 2018 – 2032

7.5    Latin America

7.5.1    Market estimates & forecast, 2018 – 2032

7.5.2    Market estimates & forecast, by motor, 2018 – 2032

7.5.3    Market estimates and forecast, by end-use, 2018 – 2032

7.5.4    Brazil

7.5.4.1   Market estimates & forecast, 2018 – 2032

7.5.4.2   Market estimates & forecast, by motor, 2018 – 2032

7.5.4.3   Market estimates and forecast, by end-use, 2018 – 2032

7.5.5    Mexico

7.5.5.1   Market estimates & forecast, 2018 – 2032

7.5.5.2   Market estimates & forecast, by motor, 2018 – 2032

7.5.5.3   Market estimates and forecast, by end-use, 2018 – 2032

7.5.6    Columbia

7.5.6.1   Market estimates & forecast, 2018 – 2032

7.5.6.2   Market estimates & forecast, by motor, 2018 – 2032

7.5.6.3   Market estimates and forecast, by end-use, 2018 – 2032

7.5.7    Argentina

7.5.7.1   Market estimates & forecast, 2018 – 2032

7.5.7.2   Market estimates & forecast, by motor, 2018 – 2032

7.5.7.3   Market estimates and forecast, by end-use, 2018 – 2032

7.6    Middle East & Africa

7.6.1    Market estimates & forecast, 2018 – 2032

7.6.2    Market estimates & forecast, by motor, 2018 – 2032

7.6.3    Market estimates and forecast, by end-use, 2018 – 2032

7.6.4    Saudi Arabia

7.6.4.1   Market estimates & forecast, 2018 – 2032

7.6.4.2   Market estimates & forecast, by motor, 2018 – 2032

7.6.4.3   Market estimates and forecast, by end-use, 2018 – 2032

7.6.5    UAE

7.6.5.1   Market estimates & forecast, 2018 – 2032

7.6.5.2   Market estimates & forecast, by motor, 2018 – 2032

7.6.5.3   Market estimates and forecast, by end-use, 2018 – 2032

7.6.6    South Africa

7.6.6.1   Market estimates & forecast, 2018 – 2032

7.6.6.2   Market estimates & forecast, by motor, 2018 – 2032

7.6.6.3   Market estimates and forecast, by end-use, 2018 – 2032

Chapter 8   Company Profiles

8.1    ABB

8.1.1    Business Overview

8.1.2    Financial Data

8.1.3    Product Landscape

8.1.4    Strategic Outlook

8.1.5    SWOT Analysis

8.2    Adlee Powertronic Co., Ltd.

8.2.1    Business Overview

8.2.2    Financial Data

8.2.3    Product Landscape

8.2.4    Strategic Outlook

8.2.5    SWOT Analysis

8.3    Allied Motion, Inc.

8.3.1    Business Overview

8.3.2    Financial Data

8.3.3    Product Landscape

8.3.4    Strategic Outlook

8.3.5    SWOT Analysis

8.4    AMETEK, Inc.

8.4.1    Business Overview

8.4.2    Financial Data

8.4.3    Product Landscape

8.4.4    Strategic Outlook

8.4.5    SWOT Analysis

8.5    Baldor Electric Company

8.5.1    Business Overview

8.5.2    Financial Data

8.5.3    Product Landscape

8.5.4    Strategic Outlook

8.5.5    SWOT Analysis

8.6    Robert Bosch GmbH

8.6.1    Business Overview

8.6.2    Financial Data

8.6.3    Product Landscape

8.6.4    Strategic Outlook

8.6.5    SWOT Analysis

8.7    Bühler Motor GmbH

8.7.1    Business Overview

8.7.2    Financial Data

8.7.3    Product Landscape

8.7.4    Strategic Outlook

8.7.5    SWOT Analysis

8.8    Denso Corporation

8.8.1    Business Overview

8.8.2    Financial Data

8.8.3    Product Landscape

8.8.4    Strategic Outlook

8.8.5    SWOT Analysis

8.9    Dongjin Vietnam

8.9.1    Business Overview

8.9.2    Financial Data

8.9.3    Product Landscape

8.9.4    Strategic Outlook

8.9.5    SWOT Analysis

8.10    ebm-papst

8.10.1    Business Overview

8.10.2    Financial Data

8.10.3    Product Landscape

8.10.4    Strategic Outlook

8.10.5    SWOT Analysis

8.11    Emerson Electric Co.

8.11.1    Business Overview

8.11.2    Financial Data

8.11.3    Product Landscape

8.11.4    Strategic Outlook

8.11.5    SWOT Analysis

8.12    FAULHABER Group

8.12.1    Business Overview

8.12.2    Financial Data

8.12.3    Product Landscape

8.12.4    Strategic Outlook

8.12.5    SWOT Analysis

8.13    Fuji Electric Co., Ltd.

8.13.1    Business Overview

8.13.2    Financial Data

8.13.3    Product Landscape

8.13.4    Strategic Outlook

8.13.5    SWOT Analysis

8.14    General Electric

8.14.1    Business Overview

8.14.2    Financial Data

8.14.3    Product Landscape

8.14.4    Strategic Outlook

8.14.5    SWOT Analysis

8.15    Johnson Electric

8.15.1    Business Overview

8.15.2    Financial Data

8.15.3    Product Landscape

8.15.4    Strategic Outlook

8.15.5    SWOT Analysis

8.16    Lucas TVS

8.16.1    Business Overview

8.16.2    Financial Data

8.16.3    Product Landscape

8.16.4    Strategic Outlook

8.16.5    SWOT Analysis

8.17    Maxon Motor AG

8.17.1    Business Overview

8.17.2    Financial Data

8.17.3    Product Landscape

8.17.4    Strategic Outlook

8.17.5    SWOT Analysis

8.18    Siemens AG

8.18.1    Business Overview

8.18.2    Financial Data

8.18.3    Product Landscape

8.18.4    Strategic Outlook

8.18.5    SWOT Analysis

8.19    WEG

8.19.1    Business Overview

8.19.2    Financial Data

8.19.3    Product Landscape

8.19.4    Strategic Outlook

8.19.5    SWOT Analysis

8.20    YASA Limited

8.20.1    Business Overview

8.20.2    Financial Data

8.20.3    Product Landscape

8.20.4    Strategic Outlook

8.20.5    SWOT Analysis

8.21    Zytek Automotive/Continental Engineering Services

8.21.1    Business Overview

8.21.2    Financial Data

8.21.3    Product Landscape

8.21.4    Strategic Outlook

8.21.5    SWOT Analysis

Authors: Preeti Wadhwani, Aishvarya Ambekar

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Base Year: 2022

Companies covered: 21

Tables & Figures: 414

Countries covered: 19

Pages: 300

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