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Global EV & HEV Traction Motor Cores Market Growth 2025-2031
Product Code:1483435
Published Date: Apr 14,2025
Pages: 106
Region: Global
Category: Automobile & Transportation
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The global EV & HEV Traction 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 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 “EV & HEV Traction Motor Cores Industry Forecast” looks at past sales and reviews total world EV & HEV Traction Motor Cores sales in 2024, providing a comprehensive analysis by region and market sector of projected EV & HEV Traction Motor Cores sales for 2025 through 2031. With EV & HEV Traction Motor Cores sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EV & HEV Traction Motor Cores industry.
This Insight Report provides a comprehensive analysis of the global EV & HEV Traction 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 EV & HEV Traction Motor Cores portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global EV & HEV Traction Motor Cores market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EV & HEV Traction 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 EV & HEV Traction Motor Cores.
This report presents a comprehensive overview, market shares, and growth opportunities of EV & HEV Traction Motor Cores market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Permanent Magnet Motor Cores
AC Induction Motor Cores
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 EV & HEV Traction Motor Cores market?
What factors are driving EV & HEV Traction Motor Cores market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do EV & HEV Traction Motor Cores market opportunities vary by end market size?
How does EV & HEV Traction Motor Cores break out by Type, by Application?