Electric Vehicle Motor Market size| 2022 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2029 is latest study published by Fortune Business Insights.
The global electric vehicle motor market size was valued at USD 9.51 billion in 2021. The market is projected to grow from USD 12.58 billion in 2022 to USD 59.69 billion by 2029, exhibiting a CAGR of 24.90% during the forecast period.
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Major Electric Vehicle Motor Market Manufacturers covered in the market report include:
- Robert Bosch GmbH (Germany)
- Siemens AG (Germany)
- ABB (Switzerland)
- AISIN CORPORATION (Japan)
- LG Magna e-Powertrain Co., Ltd (South Korea)
- Johnson Electric Holdings Limited (Hong Kong)
- BorgWarner Inc. (U.S.)
- Nidec Industrial Solutions (Japan)
- Mitsubishi Electric Corporation (Japan)
- Allied Motion, Inc. (U.S.)
- TECO Corporation (Taiwan)
- Toshiba International Corporation (Japan)
- GKN Automotive (U.K.)
Global Electric Vehicle Motor Market Market Size Highlights:
Various regulatory authorities have set up strict regulation policies regarding the emission due to vehicles affecting the environment and triggering the greenhouse gas effect. Vehicle pollution has become a serious concern due to which degradation in the air quality is increasing at a higher rate. The government has planned on banning or stopping the production of diesel and petrol cars. For instance, the U.S. State of California has planned to ban the sale of petrol cars by 2035.
The report for Global Electric Vehicle Motor Market Size of Fortune Business Insights covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
The Global Electric Vehicle Motor Market Size report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Electric Vehicle Motor Market Size Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
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Regional Analysis:
This report focuses on Electric Vehicle Motor Market Size, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
