Global Electric Vehicle Drive Motor Cores Market Growth 2025-2031

Global Electric Vehicle Drive Motor Cores Market Growth 2025-2031

Product Code:1483434

Published Date: Apr 14,2025

Pages: 107

Region: Global

Category: Automobile & Transportation

PDF DOWNLOAD

GET FREE SAMPLE

CUSTOMIZE REQUEST

PDF DOWNLOAD

GET FREE SAMPLE

CUSTOMIZE REQUEST

SELECT A FORMAT

ADD TO BASKET

BUY NOW

Provide comprehensive and accurate analysis and reports according to your exact requirements

Provide comprehensive and accurate analysis and reports according to your exact requirements

CONTACT US

The global Electric Vehicle Drive Motor Cores market size is predicted to grow from US$ 4216 million in 2025 to US$ 9255 million in 2031; it is expected to grow at a CAGR of 14.0% from 2025 to 2031.

The drive motor or traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles. Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each Others, whereas like poles repel. Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.

Governments around the world are offering subsidies, tax rebates, and incentives to promote the adoption of EVs, which directly boosts the demand for automotive drive motor cores. Emerging economies, particularly in Asia-Pacific and Latin America, are experiencing increased EV adoption. Governments in these regions are implementing policies and infrastructure improvements that support the growth of EVs, creating new opportunities for motor core manufacturers.

The expansion of EV models, including sedans, SUVs, trucks, and even commercial vehicles, is driving diverse demand for motor cores across different vehicle segments. As the EV market diversifies, there is growing demand for customized motor cores tailored to specific vehicle segments, such as luxury EVs, commercial vehicles, and even electric motorcycles. Offering specialized solutions for these segments can capture niche markets and increase revenue streams.

Continuous innovation in motor technology, including improvements in efficiency, power density, and performance, drives the demand for advanced drive motor cores. The use of advanced materials like silicon steel and amorphous metals improves the magnetic properties of motor cores, resulting in better energy efficiency and reduced energy losses.

The global key manufacturers include Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Tempel Steel, Hidria, Yutaka Giken, Wuxi Longsheng Technology, R.Bourgeois, Toyota Boshoku Corporation, etc. In 2023, the global top five players had a share approximately 72.0% in terms of revenue.

LP Information, Inc. (LPI) ' newest research report, the “Electric Vehicle Drive Motor Cores Industry Forecast” looks at past sales and reviews total world Electric Vehicle Drive Motor Cores sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Vehicle Drive Motor Cores sales for 2025 through 2031. With Electric Vehicle Drive Motor Cores sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Vehicle Drive Motor Cores industry.

This Insight Report provides a comprehensive analysis of the global Electric Vehicle Drive Motor Cores landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Vehicle Drive Motor Cores portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Vehicle Drive Motor Cores market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Vehicle Drive Motor Cores and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Vehicle Drive Motor Cores.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Vehicle Drive Motor Cores market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Permanent Magnet Motor Core
    AC Induction Motor Core

Segmentation by Application:
    BEV
    PHEV
    HEV
    FCEV

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Mitsui High-tec
    EUROTRANCIATURA
    POSCO
    Suzhou Fine-stamping
    Tempel Steel
    Hidria
    Yutaka Giken
    Wuxi Longsheng Technology
    R.Bourgeois
    Toyota Boshoku Corporation
    Tongda Power Technology
    Feintool
    Shiri Electromechanical Technology
    JFE Shoji

Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Vehicle Drive Motor Cores market?
What factors are driving Electric Vehicle Drive Motor Cores market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Vehicle Drive Motor Cores market opportunities vary by end market size?
How does Electric Vehicle Drive Motor Cores break out by Type, by Application?