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Industry Research
Electric Traction Motor Industry Research Report 2026
Market perspective
The global Electric Traction Motor market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Electric Traction Motor is forecast 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 rise 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 expected to grow 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 , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Electric Traction Motor market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Electric Traction Motor.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Electric Traction Motor manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Electric Traction Motor by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Electric Traction Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Electric Traction Motor by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 AC
- 2.2.3 DC
- 2.3 Electric Traction Motor by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Railway
- 2.3.3 Electric Vehicles
- 2.3.4 Others (Elevators, conveyors, and industrial machinery)
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Electric Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Electric Traction Motor Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Electric Traction Motor Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Electric Traction Motor Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Electric Traction Motor Production by Manufacturers (2021-2026)
- 3.2 Global Electric Traction Motor Production Value by Manufacturers (2021-2026)
- 3.3 Global Electric Traction Motor Average Price by Manufacturers (2021-2026)
- 3.4 Global Electric Traction Motor Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Electric Traction Motor Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Electric Traction Motor Manufacturers, Product Type & Application
- 3.7 Global Electric Traction Motor Manufacturers Established Date
- 3.8 Global Electric Traction Motor Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Benchmarking
- 4.1.1 Benchmarking Electric Traction Motor Company Information
- 4.1.2 Benchmarking Electric Traction Motor Business Overview
- 4.1.3 Benchmarking Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.1.4 Benchmarking Product Portfolio
- 4.1.5 Benchmarking Recent Developments
- 4.2 CRRC
- 4.2.1 CRRC Electric Traction Motor Company Information
- 4.2.2 CRRC Electric Traction Motor Business Overview
- 4.2.3 CRRC Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.2.4 CRRC Product Portfolio
- 4.2.5 CRRC Recent Developments
- 4.3 Alstom
- 4.3.1 Alstom Electric Traction Motor Company Information
- 4.3.2 Alstom Electric Traction Motor Business Overview
- 4.3.3 Alstom Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.3.4 Alstom Product Portfolio
- 4.3.5 Alstom Recent Developments
- 4.4 Traktionssysteme Austria
- 4.4.1 Traktionssysteme Austria Electric Traction Motor Company Information
- 4.4.2 Traktionssysteme Austria Electric Traction Motor Business Overview
- 4.4.3 Traktionssysteme Austria Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.4.4 Traktionssysteme Austria Product Portfolio
- 4.4.5 Traktionssysteme Austria Recent Developments
- 4.5 Siemens
- 4.5.1 Siemens Electric Traction Motor Company Information
- 4.5.2 Siemens Electric Traction Motor Business Overview
- 4.5.3 Siemens Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.5.4 Siemens Product Portfolio
- 4.5.5 Siemens Recent Developments
- 4.6 ABB
- 4.6.1 ABB Electric Traction Motor Company Information
- 4.6.2 ABB Electric Traction Motor Business Overview
- 4.6.3 ABB Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.6.4 ABB Product Portfolio
- 4.6.5 ABB Recent Developments
- 4.7 Bosch
- 4.7.1 Bosch Electric Traction Motor Company Information
- 4.7.2 Bosch Electric Traction Motor Business Overview
- 4.7.3 Bosch Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.7.4 Bosch Product Portfolio
- 4.7.5 Bosch Recent Developments
- 4.8 CG Power
- 4.8.1 CG Power Electric Traction Motor Company Information
- 4.8.2 CG Power Electric Traction Motor Business Overview
- 4.8.3 CG Power Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.8.4 CG Power Product Portfolio
- 4.8.5 CG Power Recent Developments
- 4.9 General Electric (GE)
- 4.9.1 General Electric (GE) Electric Traction Motor Company Information
- 4.9.2 General Electric (GE) Electric Traction Motor Business Overview
- 4.9.3 General Electric (GE) Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.9.4 General Electric (GE) Product Portfolio
- 4.9.5 General Electric (GE) Recent Developments
- 4.10 NIDEC
- 4.10.1 NIDEC Electric Traction Motor Company Information
- 4.10.2 NIDEC Electric Traction Motor Business Overview
- 4.10.3 NIDEC Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.10.4 NIDEC Product Portfolio
- 4.10.5 NIDEC Recent Developments
- 4.11 Skoda Electric
- 4.11.1 Skoda Electric Electric Traction Motor Company Information
- 4.11.2 Skoda Electric Electric Traction Motor Business Overview
- 4.11.3 Skoda Electric Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.11.4 Skoda Electric Product Portfolio
- 4.11.5 Skoda Electric Recent Developments
- 4.12 Toshiba
- 4.12.1 Toshiba Electric Traction Motor Company Information
- 4.12.2 Toshiba Electric Traction Motor Business Overview
- 4.12.3 Toshiba Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.12.4 Toshiba Product Portfolio
- 4.12.5 Toshiba Recent Developments
- 4.13 Weg SA
- 4.13.1 Weg SA Electric Traction Motor Company Information
- 4.13.2 Weg SA Electric Traction Motor Business Overview
- 4.13.3 Weg SA Electric Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.13.4 Weg SA Product Portfolio
- 4.13.5 Weg SA Recent Developments
5 Global Electric Traction Motor Production by Region
- 5.1 Global Electric Traction Motor Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Electric Traction Motor Production by Region: 2021-2032
- 5.2.1 Global Electric Traction Motor Production by Region: 2021-2026
- 5.2.2 Global Electric Traction Motor Production Forecast by Region (2027-2032)
- 5.3 Global Electric Traction Motor Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Electric Traction Motor Production Value by Region: 2021-2032
- 5.4.1 Global Electric Traction Motor Production Value by Region: 2021-2026
- 5.4.2 Global Electric Traction Motor Production Value Forecast by Region (2027-2032)
- 5.5 Global Electric Traction Motor Market Price Analysis by Region (2021-2026)
- 5.6 Global Electric Traction Motor Production and Value, YOY Growth
- 5.6.1 North America Electric Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Electric Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Electric Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Electric Traction Motor Production Value Estimates and Forecasts (2021-2032)
6 Global Electric Traction Motor Consumption by Region
- 6.1 Global Electric Traction Motor Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Electric Traction Motor Consumption by Region (2021-2032)
- 6.2.1 Global Electric Traction Motor Consumption by Region: 2021-2026
- 6.2.2 Global Electric Traction Motor Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Electric Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Electric Traction Motor Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Electric Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Electric Traction Motor Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Electric Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Electric Traction Motor Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Electric Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Electric Traction Motor Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Electric Traction Motor Production by Type (2021-2032)
- 7.1.1 Global Electric Traction Motor Production by Type (2021-2032) & (k units)
- 7.1.2 Global Electric Traction Motor Production Market Share by Type (2021-2032)
- 7.2 Global Electric Traction Motor Production Value by Type (2021-2032)
- 7.2.1 Global Electric Traction Motor Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Electric Traction Motor Production Value Market Share by Type (2021-2032)
- 7.3 Global Electric Traction Motor Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Electric Traction Motor Production by Application (2021-2032)
- 8.1.1 Global Electric Traction Motor Production by Application (2021-2032) & (k units)
- 8.1.2 Global Electric Traction Motor Production Market Share by Application (2021-2032)
- 8.2 Global Electric Traction Motor Production Value by Application (2021-2032)
- 8.2.1 Global Electric Traction Motor Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Electric Traction Motor Production Value Market Share by Application (2021-2032)
- 8.3 Global Electric Traction Motor Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Electric Traction Motor Value Chain Analysis
- 9.1.1 Electric Traction Motor Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Electric Traction Motor Production Mode & Process
- 9.2 Electric Traction Motor Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Electric Traction Motor Distributors
- 9.2.3 Electric Traction Motor Customers
10 Global Electric Traction Motor Analyzing Market Dynamics
- 10.1 Electric Traction Motor Industry Trends
- 10.2 Electric Traction Motor Industry Drivers
- 10.3 Electric Traction Motor Industry Opportunities and Challenges
- 10.4 Electric Traction Motor Industry Restraints
11 Report Conclusion
12 Disclaimer
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