Electric Traction Motor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Propulsion of vehicle where the driving force is derived from various devices such as steam engine drives, electric motors, diesel engine drives etc. is referred to as a traction system. These electric traction systems are highly efficient, are quick to start, easy-to-handle, and pollution-free. Growing advancements of electrical drives for the traction systems, electrification is being commonly used for different applications and services.

Rising environmental regulations hovering around the carbon emissions, and increased demands for enhanced power productivity have driven the demands for electric traction motor in recent years. Uncertainty of the raw material prices with electric traction motor is hindering the growth of the electric traction motor market in recent times. Enhanced focus laid down by automakers on the development of electric vehicles is providing huge opportunities for the electric traction motor market players during the forecast period.

The "Global Electric Traction Motor Market Analysis to 2031" is a specialized and in-depth study of the electric traction motor market with a focus on the global market trend. The report aims to provide an overview of global electric traction motor market with detailed market segmentation by power rating, application, and geography. The global electric traction motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electric traction motor market based on power rating, and application. It also provides market size and forecast till 2031 for the overall electric traction motor market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The electric traction motor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric traction motor market in these regions.

Also, key electric traction motor market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key developments in the past five years. Some of the key players influencing the market are ABB Ltd., Skoda Electric, Toshiba Corporation, General Electric, and Weg SA. Also, Bosch Limited, CG Power, TSA, Alstom, and NIDEC Corporation are few other important players in the electric traction motor market.

Electric Traction Motor Report Scope