APO RESEARCH · REPORT
EV Traction Motor
A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
Product & engineering
Understand the product.
A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
Selected research
Industry Research
EV Traction Motor Industry Research Report 2026
Market perspective
A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
The major players in global EV Traction Motor market include Tesla, BYD, Broad-Ocean, etc. The top 3 players occupy about 35% shares of the global market. North America and Japan are main markets, they occupy about 70% of the global market. Permanent Magnet Motor is the main type, with a share about 75%. BEV is the main application, which holds a share about 70%.
Report Scope
Read the full market overview
This report quantifies the global EV 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 EV 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.
EV Traction Motor Market by Company
BMW
Tesla
Broad-Ocean
BYD
Nissan
Continental AG
Jing-Jin Electric Technologies
ZF
Groupe Renault
Toyota
Meidensha
BOSCH
UAES
LG
Dajun Tech
SIEMENS
Greatland Electrics
Hitachi Automotive Systems
Magna
EV Traction Motor Segment by Type
AC Induction Motor
Permanent Magnet Motor
EV Traction Motor Segment by Application
BEV
PHEV
EV 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
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 EV 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 EV 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 EV 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 EV 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 EV 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 EV 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 Induction Motor
- Permanent Magnet Motor
Applications
- BEV
- PHEV
Companies covered
- BMW
- Tesla
- Broad-Ocean
- BYD
- Nissan
- Continental AG
- Jing-Jin Electric Technologies
- ZF
- Groupe Renault
- Toyota
- Meidensha
- BOSCH
- UAES
- LG
- Dajun Tech
- SIEMENS
- Greatland Electrics
- Hitachi Automotive Systems
- Magna
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 EV Traction Motor by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 AC Induction Motor
- 2.2.3 Permanent Magnet Motor
- 2.3 EV Traction Motor by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 BEV
- 2.3.3 PHEV
- 2.4 Global Market Growth Prospects
- 2.4.1 Global EV Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global EV Traction Motor Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global EV Traction Motor Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global EV Traction Motor Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global EV Traction Motor Production by Manufacturers (2021-2026)
- 3.2 Global EV Traction Motor Production Value by Manufacturers (2021-2026)
- 3.3 Global EV Traction Motor Average Price by Manufacturers (2021-2026)
- 3.4 Global EV Traction Motor Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global EV Traction Motor Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global EV Traction Motor Manufacturers, Product Type & Application
- 3.7 Global EV Traction Motor Manufacturers Established Date
- 3.8 Global EV Traction Motor Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 BMW
- 4.1.1 BMW EV Traction Motor Company Information
- 4.1.2 BMW EV Traction Motor Business Overview
- 4.1.3 BMW EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.1.4 BMW Product Portfolio
- 4.1.5 BMW Recent Developments
- 4.2 Tesla
- 4.2.1 Tesla EV Traction Motor Company Information
- 4.2.2 Tesla EV Traction Motor Business Overview
- 4.2.3 Tesla EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.2.4 Tesla Product Portfolio
- 4.2.5 Tesla Recent Developments
- 4.3 Broad-Ocean
- 4.3.1 Broad-Ocean EV Traction Motor Company Information
- 4.3.2 Broad-Ocean EV Traction Motor Business Overview
- 4.3.3 Broad-Ocean EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.3.4 Broad-Ocean Product Portfolio
- 4.3.5 Broad-Ocean Recent Developments
- 4.4 BYD
- 4.4.1 BYD EV Traction Motor Company Information
- 4.4.2 BYD EV Traction Motor Business Overview
- 4.4.3 BYD EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.4.4 BYD Product Portfolio
- 4.4.5 BYD Recent Developments
- 4.5 Nissan
- 4.5.1 Nissan EV Traction Motor Company Information
- 4.5.2 Nissan EV Traction Motor Business Overview
- 4.5.3 Nissan EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.5.4 Nissan Product Portfolio
- 4.5.5 Nissan Recent Developments
- 4.6 Continental AG
- 4.6.1 Continental AG EV Traction Motor Company Information
- 4.6.2 Continental AG EV Traction Motor Business Overview
- 4.6.3 Continental AG EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.6.4 Continental AG Product Portfolio
- 4.6.5 Continental AG Recent Developments
- 4.7 Jing-Jin Electric Technologies
- 4.7.1 Jing-Jin Electric Technologies EV Traction Motor Company Information
- 4.7.2 Jing-Jin Electric Technologies EV Traction Motor Business Overview
- 4.7.3 Jing-Jin Electric Technologies EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.7.4 Jing-Jin Electric Technologies Product Portfolio
- 4.7.5 Jing-Jin Electric Technologies Recent Developments
- 4.8 ZF
- 4.8.1 ZF EV Traction Motor Company Information
- 4.8.2 ZF EV Traction Motor Business Overview
- 4.8.3 ZF EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.8.4 ZF Product Portfolio
- 4.8.5 ZF Recent Developments
- 4.9 Groupe Renault
- 4.9.1 Groupe Renault EV Traction Motor Company Information
- 4.9.2 Groupe Renault EV Traction Motor Business Overview
- 4.9.3 Groupe Renault EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.9.4 Groupe Renault Product Portfolio
- 4.9.5 Groupe Renault Recent Developments
- 4.10 Toyota
- 4.10.1 Toyota EV Traction Motor Company Information
- 4.10.2 Toyota EV Traction Motor Business Overview
- 4.10.3 Toyota EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.10.4 Toyota Product Portfolio
- 4.10.5 Toyota Recent Developments
- 4.11 Meidensha
- 4.11.1 Meidensha EV Traction Motor Company Information
- 4.11.2 Meidensha EV Traction Motor Business Overview
- 4.11.3 Meidensha EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.11.4 Meidensha Product Portfolio
- 4.11.5 Meidensha Recent Developments
- 4.12 BOSCH
- 4.12.1 BOSCH EV Traction Motor Company Information
- 4.12.2 BOSCH EV Traction Motor Business Overview
- 4.12.3 BOSCH EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.12.4 BOSCH Product Portfolio
- 4.12.5 BOSCH Recent Developments
- 4.13 UAES
- 4.13.1 UAES EV Traction Motor Company Information
- 4.13.2 UAES EV Traction Motor Business Overview
- 4.13.3 UAES EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.13.4 UAES Product Portfolio
- 4.13.5 UAES Recent Developments
- 4.14 LG
- 4.14.1 LG EV Traction Motor Company Information
- 4.14.2 LG EV Traction Motor Business Overview
- 4.14.3 LG EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.14.4 LG Product Portfolio
- 4.14.5 LG Recent Developments
- 4.15 Dajun Tech
- 4.15.1 Dajun Tech EV Traction Motor Company Information
- 4.15.2 Dajun Tech EV Traction Motor Business Overview
- 4.15.3 Dajun Tech EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.15.4 Dajun Tech Product Portfolio
- 4.15.5 Dajun Tech Recent Developments
- 4.16 SIEMENS
- 4.16.1 SIEMENS EV Traction Motor Company Information
- 4.16.2 SIEMENS EV Traction Motor Business Overview
- 4.16.3 SIEMENS EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.16.4 SIEMENS Product Portfolio
- 4.16.5 SIEMENS Recent Developments
- 4.17 Greatland Electrics
- 4.17.1 Greatland Electrics EV Traction Motor Company Information
- 4.17.2 Greatland Electrics EV Traction Motor Business Overview
- 4.17.3 Greatland Electrics EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.17.4 Greatland Electrics Product Portfolio
- 4.17.5 Greatland Electrics Recent Developments
- 4.18 Hitachi Automotive Systems
- 4.18.1 Hitachi Automotive Systems EV Traction Motor Company Information
- 4.18.2 Hitachi Automotive Systems EV Traction Motor Business Overview
- 4.18.3 Hitachi Automotive Systems EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.18.4 Hitachi Automotive Systems Product Portfolio
- 4.18.5 Hitachi Automotive Systems Recent Developments
- 4.19 Magna
- 4.19.1 Magna EV Traction Motor Company Information
- 4.19.2 Magna EV Traction Motor Business Overview
- 4.19.3 Magna EV Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.19.4 Magna Product Portfolio
- 4.19.5 Magna Recent Developments
5 Global EV Traction Motor Production by Region
- 5.1 Global EV Traction Motor Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global EV Traction Motor Production by Region: 2021-2032
- 5.2.1 Global EV Traction Motor Production by Region: 2021-2026
- 5.2.2 Global EV Traction Motor Production Forecast by Region (2027-2032)
- 5.3 Global EV Traction Motor Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global EV Traction Motor Production Value by Region: 2021-2032
- 5.4.1 Global EV Traction Motor Production Value by Region: 2021-2026
- 5.4.2 Global EV Traction Motor Production Value Forecast by Region (2027-2032)
- 5.5 Global EV Traction Motor Market Price Analysis by Region (2021-2026)
- 5.6 Global EV Traction Motor Production and Value, YOY Growth
- 5.6.1 North America EV Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe EV Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China EV Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan EV Traction Motor Production Value Estimates and Forecasts (2021-2032)
6 Global EV Traction Motor Consumption by Region
- 6.1 Global EV Traction Motor Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global EV Traction Motor Consumption by Region (2021-2032)
- 6.2.1 Global EV Traction Motor Consumption by Region: 2021-2026
- 6.2.2 Global EV Traction Motor Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America EV Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America EV 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 EV Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe EV 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 EV Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific EV 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 EV Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa EV 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 EV Traction Motor Production by Type (2021-2032)
- 7.1.1 Global EV Traction Motor Production by Type (2021-2032) & (K Units)
- 7.1.2 Global EV Traction Motor Production Market Share by Type (2021-2032)
- 7.2 Global EV Traction Motor Production Value by Type (2021-2032)
- 7.2.1 Global EV Traction Motor Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global EV Traction Motor Production Value Market Share by Type (2021-2032)
- 7.3 Global EV Traction Motor Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global EV Traction Motor Production by Application (2021-2032)
- 8.1.1 Global EV Traction Motor Production by Application (2021-2032) & (K Units)
- 8.1.2 Global EV Traction Motor Production Market Share by Application (2021-2032)
- 8.2 Global EV Traction Motor Production Value by Application (2021-2032)
- 8.2.1 Global EV Traction Motor Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global EV Traction Motor Production Value Market Share by Application (2021-2032)
- 8.3 Global EV Traction Motor Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 EV Traction Motor Value Chain Analysis
- 9.1.1 EV Traction Motor Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 EV Traction Motor Production Mode & Process
- 9.2 EV Traction Motor Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 EV Traction Motor Distributors
- 9.2.3 EV Traction Motor Customers
10 Global EV Traction Motor Analyzing Market Dynamics
- 10.1 EV Traction Motor Industry Trends
- 10.2 EV Traction Motor Industry Drivers
- 10.3 EV Traction Motor Industry Opportunities and Challenges
- 10.4 EV Traction Motor Industry Restraints
11 Report Conclusion
12 Disclaimer
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