Selected research
Industry Growth & Trends
Global Electric Traction Motor Industry Growth and Trends Forecast to 2032
Market perspective
The global Electric Traction Motor market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Electric Traction Motor is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Electric Traction Motor is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Electric Traction Motor is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Electric Traction Motor include Benchmarking, CRRC, Alstom, Traktionssysteme Austria, Siemens, ABB, Bosch, CG Power and General Electric (GE), among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Electric Traction Motor market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Electric Traction Motor market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Electric Traction Motor market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Electric Traction Motor.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Electric Traction Motor market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Electric Traction Motor Market by Company
Benchmarking
CRRC
Alstom
Traktionssysteme Austria
Siemens
ABB
Bosch
CG Power
General Electric (GE)
NIDEC
Skoda Electric
Toshiba
Weg SA
Electric Traction Motor Segment by Type
AC
DC
Electric Traction Motor Segment by Application
Railway
Electric Vehicles
Others (Elevators, conveyors, and industrial machinery)
Electric Traction Motor Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electric Traction Motor market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Electric Traction Motor and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Electric Traction Motor.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electric Traction Motor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electric Traction Motor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- AC
- DC
Applications
- Railway
- Electric Vehicles
- Others (Elevators, conveyors, and industrial machinery)
Companies covered
- Benchmarking
- CRRC
- Alstom
- Traktionssysteme Austria
- Siemens
- ABB
- Bosch
- CG Power
- General Electric (GE)
- NIDEC
- Skoda Electric
- Toshiba
- Weg SA
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Electric Traction Motor Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Electric Traction Motor Sales Estimates and Forecasts (2021-2032)
- 1.3 Electric Traction Motor Market by Type
- 1.3.1 AC
- 1.3.2 DC
- 1.4 Global Electric Traction Motor Market Size by Type
- 1.4.1 Global Electric Traction Motor Market Size Overview by Type (2021-2032)
- 1.4.2 Global Electric Traction Motor Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Electric Traction Motor Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Electric Traction Motor Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Electric Traction Motor Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Electric Traction Motor Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Electric Traction Motor Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Electric Traction Motor Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Electric Traction Motor Industry Trends
- 2.2 Electric Traction Motor Industry Drivers
- 2.3 Electric Traction Motor Industry Opportunities and Challenges
- 2.4 Electric Traction Motor Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Electric Traction Motor Revenue (2021-2026)
- 3.2 Global Top Players by Electric Traction Motor Sales (2021-2026)
- 3.3 Global Top Players by Electric Traction Motor Price (2021-2026)
- 3.4 Global Electric Traction Motor Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Electric Traction Motor Major Company Production Sites & Headquarters
- 3.6 Global Electric Traction Motor Company, Product Type & Application
- 3.7 Global Electric Traction Motor Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Electric Traction Motor Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Electric Traction Motor Players Market Share by Revenue in 2025
- 3.8.3 2025 Electric Traction Motor Tier 1, Tier 2, and Tier 3
4 Electric Traction Motor Regional Status and Outlook
- 4.1 Global Electric Traction Motor Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Electric Traction Motor Historic Market Size by Region
- 4.2.1 Global Electric Traction Motor Sales in Volume by Region (2021-2026)
- 4.2.2 Global Electric Traction Motor Sales in Value by Region (2021-2026)
- 4.2.3 Global Electric Traction Motor Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Electric Traction Motor Forecasted Market Size by Region
- 4.3.1 Global Electric Traction Motor Sales in Volume by Region (2027-2032)
- 4.3.2 Global Electric Traction Motor Sales in Value by Region (2027-2032)
- 4.3.3 Global Electric Traction Motor Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Electric Traction Motor by Application
- 5.1 Electric Traction Motor Market by Application
- 5.1.1 Railway
- 5.1.2 Electric Vehicles
- 5.1.3 Others (Elevators, conveyors, and industrial machinery)
- 5.2 Global Electric Traction Motor Market Size by Application
- 5.2.1 Global Electric Traction Motor Market Size Overview by Application (2021-2032)
- 5.2.2 Global Electric Traction Motor Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Electric Traction Motor Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Electric Traction Motor Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Electric Traction Motor Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Electric Traction Motor Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Electric Traction Motor Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Electric Traction Motor Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Benchmarking
- 6.1.1 Benchmarking Company Information
- 6.1.2 Benchmarking Business Overview
- 6.1.3 Benchmarking Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Benchmarking Electric Traction Motor Product Portfolio
- 6.1.5 Benchmarking Recent Developments
- 6.2 CRRC
- 6.2.1 CRRC Company Information
- 6.2.2 CRRC Business Overview
- 6.2.3 CRRC Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 CRRC Electric Traction Motor Product Portfolio
- 6.2.5 CRRC Recent Developments
- 6.3 Alstom
- 6.3.1 Alstom Company Information
- 6.3.2 Alstom Business Overview
- 6.3.3 Alstom Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Alstom Electric Traction Motor Product Portfolio
- 6.3.5 Alstom Recent Developments
- 6.4 Traktionssysteme Austria
- 6.4.1 Traktionssysteme Austria Company Information
- 6.4.2 Traktionssysteme Austria Business Overview
- 6.4.3 Traktionssysteme Austria Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Traktionssysteme Austria Electric Traction Motor Product Portfolio
- 6.4.5 Traktionssysteme Austria Recent Developments
- 6.5 Siemens
- 6.5.1 Siemens Company Information
- 6.5.2 Siemens Business Overview
- 6.5.3 Siemens Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Siemens Electric Traction Motor Product Portfolio
- 6.5.5 Siemens Recent Developments
- 6.6 ABB
- 6.6.1 ABB Company Information
- 6.6.2 ABB Business Overview
- 6.6.3 ABB Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 ABB Electric Traction Motor Product Portfolio
- 6.6.5 ABB Recent Developments
- 6.7 Bosch
- 6.7.1 Bosch Company Information
- 6.7.2 Bosch Business Overview
- 6.7.3 Bosch Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Bosch Electric Traction Motor Product Portfolio
- 6.7.5 Bosch Recent Developments
- 6.8 CG Power
- 6.8.1 CG Power Company Information
- 6.8.2 CG Power Business Overview
- 6.8.3 CG Power Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 CG Power Electric Traction Motor Product Portfolio
- 6.8.5 CG Power Recent Developments
- 6.9 General Electric (GE)
- 6.9.1 General Electric (GE) Company Information
- 6.9.2 General Electric (GE) Business Overview
- 6.9.3 General Electric (GE) Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 General Electric (GE) Electric Traction Motor Product Portfolio
- 6.9.5 General Electric (GE) Recent Developments
- 6.10 NIDEC
- 6.10.1 NIDEC Company Information
- 6.10.2 NIDEC Business Overview
- 6.10.3 NIDEC Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 NIDEC Electric Traction Motor Product Portfolio
- 6.10.5 NIDEC Recent Developments
- 6.11 Skoda Electric
- 6.11.1 Skoda Electric Company Information
- 6.11.2 Skoda Electric Business Overview
- 6.11.3 Skoda Electric Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Skoda Electric Electric Traction Motor Product Portfolio
- 6.11.5 Skoda Electric Recent Developments
- 6.12 Toshiba
- 6.12.1 Toshiba Company Information
- 6.12.2 Toshiba Business Overview
- 6.12.3 Toshiba Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Toshiba Electric Traction Motor Product Portfolio
- 6.12.5 Toshiba Recent Developments
- 6.13 Weg SA
- 6.13.1 Weg SA Company Information
- 6.13.2 Weg SA Business Overview
- 6.13.3 Weg SA Electric Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Weg SA Electric Traction Motor Product Portfolio
- 6.13.5 Weg SA Recent Developments
7 North America by Country
- 7.1 North America Electric Traction Motor Sales by Country
- 7.1.1 North America Electric Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Electric Traction Motor Sales by Country (2021-2026)
- 7.1.3 North America Electric Traction Motor Sales Forecast by Country (2027-2032)
- 7.2 North America Electric Traction Motor Market Size by Country
- 7.2.1 North America Electric Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Electric Traction Motor Market Size by Country (2021-2026)
- 7.2.3 North America Electric Traction Motor Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Electric Traction Motor Sales by Country
- 8.1.1 Europe Electric Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Electric Traction Motor Sales by Country (2021-2026)
- 8.1.3 Europe Electric Traction Motor Sales Forecast by Country (2027-2032)
- 8.2 Europe Electric Traction Motor Market Size by Country
- 8.2.1 Europe Electric Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Electric Traction Motor Market Size by Country (2021-2026)
- 8.2.3 Europe Electric Traction Motor Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Electric Traction Motor Sales by Country
- 9.1.1 Asia-Pacific Electric Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Electric Traction Motor Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Electric Traction Motor Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Electric Traction Motor Market Size by Country
- 9.2.1 Asia-Pacific Electric Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Electric Traction Motor Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Electric Traction Motor Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Electric Traction Motor Sales by Country
- 10.1.1 South America Electric Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Electric Traction Motor Sales by Country (2021-2026)
- 10.1.3 South America Electric Traction Motor Sales Forecast by Country (2027-2032)
- 10.2 South America Electric Traction Motor Market Size by Country
- 10.2.1 South America Electric Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Electric Traction Motor Market Size by Country (2021-2026)
- 10.2.3 South America Electric Traction Motor Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Electric Traction Motor Sales by Country
- 11.1.1 Middle East and Africa Electric Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Electric Traction Motor Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Electric Traction Motor Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Electric Traction Motor Market Size by Country
- 11.2.1 Middle East and Africa Electric Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Electric Traction Motor Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Electric Traction Motor Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Electric Traction Motor Value Chain Analysis
- 12.1.1 Electric Traction Motor Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Electric Traction Motor Production Mode & Process
- 12.2 Electric Traction Motor Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Electric Traction Motor Distributors
- 12.2.3 Electric Traction Motor Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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