Los Angeles, CA -- (SBWIRE) -- 04/29/2019 -- In the coming years there is an increasing demand for EV Traction Motor in the regions of United States and Europe that is expected to drive the market for more advanced EV Traction Motor. Growth in government budgets in the principal countries, increasing of new energy automotive fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of EV Traction Motor will drive growth in North America and Europe markets.

Globally, the EV Traction Motor industry market is low concentrated as the manufacturing technology of EV Traction Motor is relatively matures than some high-tech equipment. And some enterprises, like BMW, Tesla, Broad-Ocean, BYD, etc. are well-known for the wonderful performance of their EV Traction Motor and related services. At the same time, China, occupied 54% sales market share in 2017, is remarkable in the global EV Traction Motor industry because of their lower cost of raw material and labor.

The global EV Traction Motor market was 3130 million US$ in 2018 and is expected to 30200 million US$ by the end of 2025, growing at a CAGR of 38.2% between 2019 and 2025.

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This report studies the EV Traction Motor market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of EV Traction Motor in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

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

By the product type, the market is primarily split into

AC Induction Motor

Permanent Magnet Motor

By the end users/application, this report covers the following segments

BEV

PHEV

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