세계의 전기 상용차 트랙션 모터 시장 예측 : 설계별, 차량 유형별, 출력별, 모터 유형별, 트랜스미션별, 차축 아키텍처별, 용도별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Electric Commercial Vehicle Traction Motor Market is accounted for $2.1 billion in 2024 and is expected to reach $4.10 billion by 2030 growing at a CAGR of 11.8% during the forecast period. An Electric Commercial Vehicle Traction Motor is a type of electric motor specifically designed to drive the wheels of electric commercial vehicles, such as trucks, buses, and vans. These motors convert electrical energy from the vehicle's battery into mechanical power, enabling efficient propulsion and movement. Traction motors are crucial for enhancing performance, torque, and acceleration while minimizing energy consumption and emissions. They play a key role in the transition to sustainable transportation by supporting the electrification of commercial fleets.

Market Dynamics:

Driver:

Cost reduction in battery technology

Lower battery prices reduce the overall cost of electric vehicles, enhancing their competitiveness against traditional internal combustion engine vehicles. As batteries become more efficient, offering longer ranges and faster charging times, consumer confidence increases. This shift not only drives higher adoption rates of electric commercial vehicles but also encourages manufacturers to invest in advanced traction motor technologies, further accelerating market growth.

Restraint:

Limited charging infrastructure

Inadequate access to charging stations makes it challenging for fleet operators to manage routes efficiently and increases operational downtime during recharging. This uncertainty can lead to higher costs and logistical complications compared to traditional vehicles. Additionally, without a robust charging network, companies may hesitate to invest in electric commercial vehicles, slowing market growth and delaying the transition to sustainable transportation solutions.

Opportunity:

Increased focus on sustainability

Companies are seeking to reduce their carbon footprints, leading to greater investments in electric commercial vehicles (ECVs) that utilize traction motors for efficient propulsion. Governments are implementing stricter emission regulations and offering incentives for electric vehicle adoption, further motivating businesses to transition from traditional diesel fleets. This shift not only meets environmental goals but also enhances brand reputation, making electric commercial vehicles more attractive to fleet operators and consumers alike, thereby propels the growth of the market.

Threat:

Fluctuating raw material prices

Fluctuating raw material prices such as lithium, cobalt, and rare earth elements are essential for manufacturing batteries and motors, and their price volatility can lead to unpredictable manufacturing expenses. This uncertainty may deter investment in electric vehicle production and innovation, resulting in higher prices for end consumers. Additionally, manufacturers may face difficulties in long-term planning and supply chain stability, ultimately hindering the growth and adoption of electric commercial vehicles.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the Electric Commercial Vehicle Traction Motor market, causing disruptions in supply chains and manufacturing operations. Lockdowns and restrictions slowed production, leading to delays in vehicle deliveries. However, the crisis also accelerated the shift towards electrification as businesses sought sustainable solutions to reduce emissions and operational costs. Increased demand for electric vehicles in logistics and delivery sectors emerged, driven by changing consumer behaviours.

The buses & coaches segment is expected to be the largest during the forecast period

The buses & coaches segment is estimated to have a lucrative growth, due to the demand for sustainable public transportation solutions. With rising urbanization and environmental concerns, cities are increasingly adopting electric buses to reduce emissions and improve air quality. Additionally, advancements in traction motor technology enhance efficiency, performance, and range, making electric buses more attractive to operators. This segment's expansion supports infrastructure development, increases charging networks, and fosters innovation in electric vehicle technologies, benefiting the entire market.

The on-highway segment is expected to have the highest CAGR during the forecast period

The on-highway segment is anticipated to witness the highest CAGR growth during the forecast period, due to high demand for electric trucks, buses, and vans used in logistics, public transportation, and freight delivery. Additionally, advancements in battery technology and charging infrastructure enhance the feasibility of electric on-highway vehicles, making them more appealing to fleet operators. As urbanization grows, the need for sustainable transport solutions in on-highway applications continues to rise, further boosting market growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to increased urbanization, government initiatives, and rising environmental concerns. Countries like China, Japan, and India are leading the charge, with significant investments in electric vehicle infrastructure and favourable policies promoting electric commercial vehicles. The region is witnessing advancements in traction motor technology, enhancing efficiency and performance. Additionally, the growing logistics and e-commerce sectors are boosting demand for electric trucks and buses, positioning Asia Pacific as a key player in the global electric commercial vehicle market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to increased investments in electric vehicle technology and supportive government policies promoting sustainability. Major players are focusing on developing high-performance traction motors to enhance vehicle efficiency and range. The region's expanding charging infrastructure and rising consumer awareness of environmental issues further stimulate demand. Additionally, the logistics and transportation sectors are increasingly adopting electric commercial vehicles, bolstered by advancements in battery technology. North America's strong automotive industry landscape positions it as a key player in the global electric commercial vehicle market.

Key players in the market

Some of the key players profiled in the Electric Commercial Vehicle Traction Motor Market include Bosch (Robert Bosch GmbH), Nidec Corporation, Siemens AG, Toshiba Corporation, ZF Friedrichshafen AG, BorgWarner Inc., Danfoss Power Solutions, ABB Ltd., Tesla, Inc., Continental AG, Dana Incorporated, YASA Limited, Magna International Inc., Hitachi Automotive Systems, Ltd., Mitsubishi Electric Corporation, Wolong Electric Group, Wabtec Corporation, AMETEK, Inc., Mahle GmbH and Valeo S.A.

Key Developments:

In July 2024, Toshiba made a significant corporate venture capital investment in Quantonation II, a European quantum technology fund. This collaboration aims to accelerate quantum technology development and support the global quantum ecosystem, driving innovations in quantum internet and secure communications.

In January 2024, ABB extended its partnership with the ABB FIA Formula E World Championship, focusing on sustainability and innovation in electric mobility. The collaboration not only enhances ABB's brand visibility but also contributes to the advancement of electric vehicle technologies and sustainable practices in the transportation sector.

In December 2023, Siemens and Intel signed a Memorandum of Understanding to enhance semiconductor manufacturing efficiency and sustainability. The partnership will focus on advancing digitalization, evolving factory operations, and supporting a resilient global industry ecosystem

Designs Covered:

• Radial Flux
• Axial Flux
• Other Designs

Vehicle Types Covered:

• Pickup Trucks
• Trucks
• Vans
• Buses & Coaches
• Other Vehicle Types

Power Outputs Covered:

• Less than 100 kW
• 100-200 kW
• 200-400 kW
• Above 400 kW

Motor Types Covered:

• Permanent Magnet Synchronous Motor (PMSM)
• AC Induction Motor
• DC Traction Motor
• Other Motor Types

Transmissions Covered:

• Single Speed Drive
• Multi-speed Drive

Axle Architectures Covered:

• Integrated Axle
• Central Drive Unit
• Other Axle Architectures

Applications Covered:

• On-Highway
• Off-Highway
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Emerging Markets
• 3.7 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Electric Commercial Vehicle Traction Motor Market, By Design

• 5.1 Introduction
• 5.2 Radial Flux
• 5.3 Axial Flux
• 5.4 Other Designs

6 Global Electric Commercial Vehicle Traction Motor Market, By Vehicle Type

• 6.1 Introduction
• 6.2 Trucks
• 6.3 Vans
• 6.4 Buses & Coaches
• 6.5 Other Vehicle Types

7 Global Electric Commercial Vehicle Traction Motor Market, By Power Output

• 7.1 Introduction
• 7.2 Less than 100 kW
• 7.3 100-200 kW
• 7.4 200-400 kW
• 7.5 Above 400 kW

8 Global Electric Commercial Vehicle Traction Motor Market, By Motor Type

• 8.1 Introduction
• 8.2 Permanent Magnet Synchronous Motor (PMSM)
• 8.3 AC Induction Motor
• 8.4 DC Traction Motor
• 8.5 Other Motor Types

9 Global Electric Commercial Vehicle Traction Motor Market, By Transmission

• 9.1 Introduction
• 9.2 Single Speed Drive
• 9.3 Multi-speed Drive

10 Global Electric Commercial Vehicle Traction Motor Market, By Axle Architecture

• 10.1 Introduction
• 10.2 Integrated Axle
• 10.3 Central Drive Unit
• 10.4 Other Axle Architectures

11 Global Electric Commercial Vehicle Traction Motor Market, By Application

• 11.1 Introduction
• 11.2 On-Highway
  • 11.2.1 Urban Delivery
  • 11.2.2 Long Haul Transport
• 11.3 Off-Highway
  • 11.3.1 Construction
  • 11.3.2 Mining
  • 11.3.3 Agriculture
• 11.4 Other Applications

12 Global Electric Commercial Vehicle Traction Motor Market, By Geography

• 12.1 Introduction
• 12.2 North America
  • 12.2.1 US
  • 12.2.2 Canada
  • 12.2.3 Mexico
• 12.3 Europe
  • 12.3.1 Germany
  • 12.3.2 UK
  • 12.3.3 Italy
  • 12.3.4 France
  • 12.3.5 Spain
  • 12.3.6 Rest of Europe
• 12.4 Asia Pacific
  • 12.4.1 Japan
  • 12.4.2 China
  • 12.4.3 India
  • 12.4.4 Australia
  • 12.4.5 New Zealand
  • 12.4.6 South Korea
  • 12.4.7 Rest of Asia Pacific
• 12.5 South America
  • 12.5.1 Argentina
  • 12.5.2 Brazil
  • 12.5.3 Chile
  • 12.5.4 Rest of South America
• 12.6 Middle East & Africa
  • 12.6.1 Saudi Arabia
  • 12.6.2 UAE
  • 12.6.3 Qatar
  • 12.6.4 South Africa
  • 12.6.5 Rest of Middle East & Africa

13 Key Developments

• 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 13.2 Acquisitions & Mergers
• 13.3 New Product Launch
• 13.4 Expansions
• 13.5 Other Key Strategies

14 Company Profiling

• 14.1 Bosch (Robert Bosch GmbH)
• 14.2 Nidec Corporation
• 14.3 Siemens AG
• 14.4 Toshiba Corporation
• 14.5 ZF Friedrichshafen AG
• 14.6 BorgWarner Inc.
• 14.7 Danfoss Power Solutions
• 14.8 ABB Ltd.
• 14.9 Tesla, Inc.
• 14.10 Continental AG
• 14.11 Dana Incorporated
• 14.12 YASA Limited
• 14.13 Magna International Inc.
• 14.14 Hitachi Automotive Systems, Ltd.
• 14.15 Mitsubishi Electric Corporation
• 14.16 Wolong Electric Group
• 14.17 Wabtec Corporation
• 14.18 AMETEK, Inc.
• 14.19 Mahle GmbH
• 14.20 Valeo S.A.