APO RESEARCH · REPORT
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
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.
Global Traction Motor key players include BYD, ZF, Nissan, Continental AG, Meidensha, etc. Global top five players hold a share about 40%.
China is the largest market, with a share about 45%, followed by Europe and North America , having a total share about 40 percent.
Read the full market overview
In terms of product, AC Induction Motor is the largest segment, with a share about 50%. And in terms of application, the largest application is Passenger cars, followed by Commercial vehicles, etc.
Report Scope
This report quantifies the global 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 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.
Traction Motor Market by Company
BYD
ZF
Nissan
Continental AG
Meidensha
Broad-Ocean
Jing-Jin Electric Technologies
BMW
BOSCH
Fukuta
Dajun Tech
Hitachi Automotive Systems
Remy International
Magna
Deyang Electrics
Greatland Electrics
Traction Motor Segment by Type
AC Induction Motor
Permanent Magnet Motor
Other Types
Traction Motor Segment by Application
Passenger cars
Commercial vehicles
Others
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 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 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 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 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 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 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
- Other Types
Applications
- Passenger cars
- Commercial vehicles
- Others
Companies covered
- BYD
- ZF
- Nissan
- Continental AG
- Meidensha
- Broad-Ocean
- Jing-Jin Electric Technologies
- BMW
- BOSCH
- Fukuta
- Dajun Tech
- Hitachi Automotive Systems
- Remy International
- Magna
- Deyang Electrics
- Greatland Electrics
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 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
- 2.2.4 Other Types
- 2.3 Traction Motor by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Passenger cars
- 2.3.3 Commercial vehicles
- 2.3.4 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Traction Motor Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Traction Motor Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Traction Motor Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Traction Motor Production by Manufacturers (2021-2026)
- 3.2 Global Traction Motor Production Value by Manufacturers (2021-2026)
- 3.3 Global Traction Motor Average Price by Manufacturers (2021-2026)
- 3.4 Global Traction Motor Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Traction Motor Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Traction Motor Manufacturers, Product Type & Application
- 3.7 Global Traction Motor Manufacturers Established Date
- 3.8 Global Traction Motor Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 BYD
- 4.1.1 BYD Traction Motor Company Information
- 4.1.2 BYD Traction Motor Business Overview
- 4.1.3 BYD Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.1.4 BYD Product Portfolio
- 4.1.5 BYD Recent Developments
- 4.2 ZF
- 4.2.1 ZF Traction Motor Company Information
- 4.2.2 ZF Traction Motor Business Overview
- 4.2.3 ZF Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.2.4 ZF Product Portfolio
- 4.2.5 ZF Recent Developments
- 4.3 Nissan
- 4.3.1 Nissan Traction Motor Company Information
- 4.3.2 Nissan Traction Motor Business Overview
- 4.3.3 Nissan Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.3.4 Nissan Product Portfolio
- 4.3.5 Nissan Recent Developments
- 4.4 Continental AG
- 4.4.1 Continental AG Traction Motor Company Information
- 4.4.2 Continental AG Traction Motor Business Overview
- 4.4.3 Continental AG Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.4.4 Continental AG Product Portfolio
- 4.4.5 Continental AG Recent Developments
- 4.5 Meidensha
- 4.5.1 Meidensha Traction Motor Company Information
- 4.5.2 Meidensha Traction Motor Business Overview
- 4.5.3 Meidensha Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.5.4 Meidensha Product Portfolio
- 4.5.5 Meidensha Recent Developments
- 4.6 Broad-Ocean
- 4.6.1 Broad-Ocean Traction Motor Company Information
- 4.6.2 Broad-Ocean Traction Motor Business Overview
- 4.6.3 Broad-Ocean Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.6.4 Broad-Ocean Product Portfolio
- 4.6.5 Broad-Ocean Recent Developments
- 4.7 Jing-Jin Electric Technologies
- 4.7.1 Jing-Jin Electric Technologies Traction Motor Company Information
- 4.7.2 Jing-Jin Electric Technologies Traction Motor Business Overview
- 4.7.3 Jing-Jin Electric Technologies 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 BMW
- 4.8.1 BMW Traction Motor Company Information
- 4.8.2 BMW Traction Motor Business Overview
- 4.8.3 BMW Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.8.4 BMW Product Portfolio
- 4.8.5 BMW Recent Developments
- 4.9 BOSCH
- 4.9.1 BOSCH Traction Motor Company Information
- 4.9.2 BOSCH Traction Motor Business Overview
- 4.9.3 BOSCH Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.9.4 BOSCH Product Portfolio
- 4.9.5 BOSCH Recent Developments
- 4.10 Fukuta
- 4.10.1 Fukuta Traction Motor Company Information
- 4.10.2 Fukuta Traction Motor Business Overview
- 4.10.3 Fukuta Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.10.4 Fukuta Product Portfolio
- 4.10.5 Fukuta Recent Developments
- 4.11 Dajun Tech
- 4.11.1 Dajun Tech Traction Motor Company Information
- 4.11.2 Dajun Tech Traction Motor Business Overview
- 4.11.3 Dajun Tech Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.11.4 Dajun Tech Product Portfolio
- 4.11.5 Dajun Tech Recent Developments
- 4.12 Hitachi Automotive Systems
- 4.12.1 Hitachi Automotive Systems Traction Motor Company Information
- 4.12.2 Hitachi Automotive Systems Traction Motor Business Overview
- 4.12.3 Hitachi Automotive Systems Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.12.4 Hitachi Automotive Systems Product Portfolio
- 4.12.5 Hitachi Automotive Systems Recent Developments
- 4.13 Remy International
- 4.13.1 Remy International Traction Motor Company Information
- 4.13.2 Remy International Traction Motor Business Overview
- 4.13.3 Remy International Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.13.4 Remy International Product Portfolio
- 4.13.5 Remy International Recent Developments
- 4.14 Magna
- 4.14.1 Magna Traction Motor Company Information
- 4.14.2 Magna Traction Motor Business Overview
- 4.14.3 Magna Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.14.4 Magna Product Portfolio
- 4.14.5 Magna Recent Developments
- 4.15 Deyang Electrics
- 4.15.1 Deyang Electrics Traction Motor Company Information
- 4.15.2 Deyang Electrics Traction Motor Business Overview
- 4.15.3 Deyang Electrics Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.15.4 Deyang Electrics Product Portfolio
- 4.15.5 Deyang Electrics Recent Developments
- 4.16 Greatland Electrics
- 4.16.1 Greatland Electrics Traction Motor Company Information
- 4.16.2 Greatland Electrics Traction Motor Business Overview
- 4.16.3 Greatland Electrics Traction Motor Production, Value and Gross Margin (2021-2026)
- 4.16.4 Greatland Electrics Product Portfolio
- 4.16.5 Greatland Electrics Recent Developments
5 Global Traction Motor Production by Region
- 5.1 Global Traction Motor Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Traction Motor Production by Region: 2021-2032
- 5.2.1 Global Traction Motor Production by Region: 2021-2026
- 5.2.2 Global Traction Motor Production Forecast by Region (2027-2032)
- 5.3 Global Traction Motor Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Traction Motor Production Value by Region: 2021-2032
- 5.4.1 Global Traction Motor Production Value by Region: 2021-2026
- 5.4.2 Global Traction Motor Production Value Forecast by Region (2027-2032)
- 5.5 Global Traction Motor Market Price Analysis by Region (2021-2026)
- 5.6 Global Traction Motor Production and Value, YOY Growth
- 5.6.1 North America Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Traction Motor Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Traction Motor Production Value Estimates and Forecasts (2021-2032)
6 Global Traction Motor Consumption by Region
- 6.1 Global Traction Motor Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Traction Motor Consumption by Region (2021-2032)
- 6.2.1 Global Traction Motor Consumption by Region: 2021-2026
- 6.2.2 Global Traction Motor Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America 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 Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe 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 Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific 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 Traction Motor Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa 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 Traction Motor Production by Type (2021-2032)
- 7.1.1 Global Traction Motor Production by Type (2021-2032) & (K Units)
- 7.1.2 Global Traction Motor Production Market Share by Type (2021-2032)
- 7.2 Global Traction Motor Production Value by Type (2021-2032)
- 7.2.1 Global Traction Motor Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Traction Motor Production Value Market Share by Type (2021-2032)
- 7.3 Global Traction Motor Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Traction Motor Production by Application (2021-2032)
- 8.1.1 Global Traction Motor Production by Application (2021-2032) & (K Units)
- 8.1.2 Global Traction Motor Production Market Share by Application (2021-2032)
- 8.2 Global Traction Motor Production Value by Application (2021-2032)
- 8.2.1 Global Traction Motor Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Traction Motor Production Value Market Share by Application (2021-2032)
- 8.3 Global Traction Motor Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Traction Motor Value Chain Analysis
- 9.1.1 Traction Motor Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Traction Motor Production Mode & Process
- 9.2 Traction Motor Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Traction Motor Distributors
- 9.2.3 Traction Motor Customers
10 Global Traction Motor Analyzing Market Dynamics
- 10.1 Traction Motor Industry Trends
- 10.2 Traction Motor Industry Drivers
- 10.3 Traction Motor Industry Opportunities and Challenges
- 10.4 Traction Motor Industry Restraints
11 Report Conclusion
12 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst