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 Growth & Trends
Global Traction Motor Industry Growth and Trends Forecast to 2032
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 provides a structured, data-driven view of the global Traction Motor market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The 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 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 Traction Motor.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global 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.
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: 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 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 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 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 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Traction Motor Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Traction Motor Sales Estimates and Forecasts (2021-2032)
- 1.3 Traction Motor Market by Type
- 1.3.1 AC Induction Motor
- 1.3.2 Permanent Magnet Motor
- 1.3.3 Other Types
- 1.4 Global Traction Motor Market Size by Type
- 1.4.1 Global Traction Motor Market Size Overview by Type (2021-2032)
- 1.4.2 Global Traction Motor Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Traction Motor Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Traction Motor Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Traction Motor Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Traction Motor Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Traction Motor Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Traction Motor Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Traction Motor Industry Trends
- 2.2 Traction Motor Industry Drivers
- 2.3 Traction Motor Industry Opportunities and Challenges
- 2.4 Traction Motor Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Traction Motor Revenue (2021-2026)
- 3.2 Global Top Players by Traction Motor Sales (2021-2026)
- 3.3 Global Top Players by Traction Motor Price (2021-2026)
- 3.4 Global Traction Motor Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Traction Motor Major Company Production Sites & Headquarters
- 3.6 Global Traction Motor Company, Product Type & Application
- 3.7 Global Traction Motor Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Traction Motor Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Traction Motor Players Market Share by Revenue in 2025
- 3.8.3 2025 Traction Motor Tier 1, Tier 2, and Tier 3
4 Traction Motor Regional Status and Outlook
- 4.1 Global Traction Motor Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Traction Motor Historic Market Size by Region
- 4.2.1 Global Traction Motor Sales in Volume by Region (2021-2026)
- 4.2.2 Global Traction Motor Sales in Value by Region (2021-2026)
- 4.2.3 Global Traction Motor Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Traction Motor Forecasted Market Size by Region
- 4.3.1 Global Traction Motor Sales in Volume by Region (2027-2032)
- 4.3.2 Global Traction Motor Sales in Value by Region (2027-2032)
- 4.3.3 Global Traction Motor Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Traction Motor by Application
- 5.1 Traction Motor Market by Application
- 5.1.1 Passenger cars
- 5.1.2 Commercial vehicles
- 5.1.3 Others
- 5.2 Global Traction Motor Market Size by Application
- 5.2.1 Global Traction Motor Market Size Overview by Application (2021-2032)
- 5.2.2 Global Traction Motor Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Traction Motor Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Traction Motor Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Traction Motor Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Traction Motor Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Traction Motor Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Traction Motor Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 BYD
- 6.1.1 BYD Company Information
- 6.1.2 BYD Business Overview
- 6.1.3 BYD Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 BYD Traction Motor Product Portfolio
- 6.1.5 BYD Recent Developments
- 6.2 ZF
- 6.2.1 ZF Company Information
- 6.2.2 ZF Business Overview
- 6.2.3 ZF Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 ZF Traction Motor Product Portfolio
- 6.2.5 ZF Recent Developments
- 6.3 Nissan
- 6.3.1 Nissan Company Information
- 6.3.2 Nissan Business Overview
- 6.3.3 Nissan Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Nissan Traction Motor Product Portfolio
- 6.3.5 Nissan Recent Developments
- 6.4 Continental AG
- 6.4.1 Continental AG Company Information
- 6.4.2 Continental AG Business Overview
- 6.4.3 Continental AG Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Continental AG Traction Motor Product Portfolio
- 6.4.5 Continental AG Recent Developments
- 6.5 Meidensha
- 6.5.1 Meidensha Company Information
- 6.5.2 Meidensha Business Overview
- 6.5.3 Meidensha Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Meidensha Traction Motor Product Portfolio
- 6.5.5 Meidensha Recent Developments
- 6.6 Broad-Ocean
- 6.6.1 Broad-Ocean Company Information
- 6.6.2 Broad-Ocean Business Overview
- 6.6.3 Broad-Ocean Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Broad-Ocean Traction Motor Product Portfolio
- 6.6.5 Broad-Ocean Recent Developments
- 6.7 Jing-Jin Electric Technologies
- 6.7.1 Jing-Jin Electric Technologies Company Information
- 6.7.2 Jing-Jin Electric Technologies Business Overview
- 6.7.3 Jing-Jin Electric Technologies Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Jing-Jin Electric Technologies Traction Motor Product Portfolio
- 6.7.5 Jing-Jin Electric Technologies Recent Developments
- 6.8 BMW
- 6.8.1 BMW Company Information
- 6.8.2 BMW Business Overview
- 6.8.3 BMW Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 BMW Traction Motor Product Portfolio
- 6.8.5 BMW Recent Developments
- 6.9 BOSCH
- 6.9.1 BOSCH Company Information
- 6.9.2 BOSCH Business Overview
- 6.9.3 BOSCH Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 BOSCH Traction Motor Product Portfolio
- 6.9.5 BOSCH Recent Developments
- 6.10 Fukuta
- 6.10.1 Fukuta Company Information
- 6.10.2 Fukuta Business Overview
- 6.10.3 Fukuta Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Fukuta Traction Motor Product Portfolio
- 6.10.5 Fukuta Recent Developments
- 6.11 Dajun Tech
- 6.11.1 Dajun Tech Company Information
- 6.11.2 Dajun Tech Business Overview
- 6.11.3 Dajun Tech Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Dajun Tech Traction Motor Product Portfolio
- 6.11.5 Dajun Tech Recent Developments
- 6.12 Hitachi Automotive Systems
- 6.12.1 Hitachi Automotive Systems Company Information
- 6.12.2 Hitachi Automotive Systems Business Overview
- 6.12.3 Hitachi Automotive Systems Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Hitachi Automotive Systems Traction Motor Product Portfolio
- 6.12.5 Hitachi Automotive Systems Recent Developments
- 6.13 Remy International
- 6.13.1 Remy International Company Information
- 6.13.2 Remy International Business Overview
- 6.13.3 Remy International Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Remy International Traction Motor Product Portfolio
- 6.13.5 Remy International Recent Developments
- 6.14 Magna
- 6.14.1 Magna Company Information
- 6.14.2 Magna Business Overview
- 6.14.3 Magna Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Magna Traction Motor Product Portfolio
- 6.14.5 Magna Recent Developments
- 6.15 Deyang Electrics
- 6.15.1 Deyang Electrics Company Information
- 6.15.2 Deyang Electrics Business Overview
- 6.15.3 Deyang Electrics Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Deyang Electrics Traction Motor Product Portfolio
- 6.15.5 Deyang Electrics Recent Developments
- 6.16 Greatland Electrics
- 6.16.1 Greatland Electrics Company Information
- 6.16.2 Greatland Electrics Business Overview
- 6.16.3 Greatland Electrics Traction Motor Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Greatland Electrics Traction Motor Product Portfolio
- 6.16.5 Greatland Electrics Recent Developments
7 North America by Country
- 7.1 North America Traction Motor Sales by Country
- 7.1.1 North America Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Traction Motor Sales by Country (2021-2026)
- 7.1.3 North America Traction Motor Sales Forecast by Country (2027-2032)
- 7.2 North America Traction Motor Market Size by Country
- 7.2.1 North America Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Traction Motor Market Size by Country (2021-2026)
- 7.2.3 North America Traction Motor Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Traction Motor Sales by Country
- 8.1.1 Europe Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Traction Motor Sales by Country (2021-2026)
- 8.1.3 Europe Traction Motor Sales Forecast by Country (2027-2032)
- 8.2 Europe Traction Motor Market Size by Country
- 8.2.1 Europe Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Traction Motor Market Size by Country (2021-2026)
- 8.2.3 Europe Traction Motor Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Traction Motor Sales by Country
- 9.1.1 Asia-Pacific Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Traction Motor Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Traction Motor Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Traction Motor Market Size by Country
- 9.2.1 Asia-Pacific Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Traction Motor Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Traction Motor Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Traction Motor Sales by Country
- 10.1.1 South America Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Traction Motor Sales by Country (2021-2026)
- 10.1.3 South America Traction Motor Sales Forecast by Country (2027-2032)
- 10.2 South America Traction Motor Market Size by Country
- 10.2.1 South America Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Traction Motor Market Size by Country (2021-2026)
- 10.2.3 South America Traction Motor Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Traction Motor Sales by Country
- 11.1.1 Middle East and Africa Traction Motor Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Traction Motor Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Traction Motor Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Traction Motor Market Size by Country
- 11.2.1 Middle East and Africa Traction Motor Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Traction Motor Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Traction Motor Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Traction Motor Value Chain Analysis
- 12.1.1 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 Traction Motor Production Mode & Process
- 12.2 Traction Motor Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Traction Motor Distributors
- 12.2.3 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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