Automotive Traction Motor Market to witness growth by 2028 | Drivers and Opportunities | Key player Analysis Johnson Electric, Continental AG, Tesla Inc.

Global Automotive Traction Motor Market is accounted for $2.98 billion in 2020 and is expected to reach $26.50 billion by 2028 growing at a CAGR of 31.4% during the forecast period. Rising demand for electric vehicles and advancements in electrical drives for traction systems are the major factors propelling the market growth.

Request for a Free Sample Copy of Report at

By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the rising population has led to a significant increase in demand for transportation connectivity. An all-around effort by the governments of various countries within the region to reduce greenhouse gases and the strong emphasis on reducing carbon emissions has led to a tremendous focus on manufacturing electric vehicles in the region.

Some of the key players profiled in the Automotive Traction Motor Market include Zhongshan Broad-Ocean Motor Co., Ltd. BYD Company, MAHLE GmbH, Valeo, Tesla Inc., Shenzhen Megmeet, MITSUBA Corporation, Denso, Robert Bosch, Nidec Corporation, and Shenzhen Inovance Tech, Zhejiang Founder Motor Co., Ltd, Magna International, Johnson Electric, Eaton Corporation, Schaeffler Group, Continental AG, ZF Friedrichshafen AG, and BorgWarner.

Operating Currents Covered in Automotive Traction Motor Market
• Direct Current (DC) Operated Traction Motor
• Alternating Current (AC) Operated Traction Motor

Power Outputs Covered:
• Less Than 200 KW
• 200-400 KW
• Above 400 KW

Vehicle Types Covered:
• Passenger Vehicles (PVs)
• Commercial Vehicles (CVs)

Electric Vehicle (EV) Types Covered:
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)

Motor Types Covered:
• Permanent Magnet Synchronous Motors (PMSM)
• Alternating Current (AC) Induction Motors
• Direct Current (DC) Brushless

Connection Types Covered:
• Series Connection
• Parallel Connection

If Any Query? Ask Our Industry Expert at

Explore the list of attractive markets during this time of Pandemic @

About Us:

StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.

Contact Us:

Stratistics Market Research Consulting

Phone: +1-301-202-5929




Request Sample