The electric motors market in the transportation industry is anticipated to witness tremendous growth on account of rising implementation of supportive environmental norms. Technological advancement have paved the way for advanced electric motors designed specifically for the aerospace and automotive industries. Development of advanced and comprehensive motors that fulfil customer requirements could hugely benefit market outlook.

Manufacturers have begun to shift their efforts towards developing & commercializing hybrid vehicles and are focusing on lowering overall weight of these motors to further improve efficiency. Growing inclination toward greener mobility solutions along with increasing presence of large-scale electric motor manufacturers fixated on meeting the demand for e-motors could massively benefit business outlook.

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The COVID-19 epidemic has brought a steep decline in product sales across the transportation sector. According to reports, the transportation sector is one of the most badly hit sectors during this pandemic and is currently struggling to get back to its initial growth stage. Latest reports also suggest that countries like Canada and the U.S have observed a substantial drop in commercial transportation activities since the COVID-19 crisis, with Canada operating at 84% of its normal commercial transportation activity.  

In order to reduce the spread of COVID-19, federal authorities across the world are starting to impose stringent guidelines like frequent disinfecting of seats and social distancing during public transport. Such regulations could encourage people to opt mobility solutions, favoring businesses in electric motors market.

Small electric traction motors are widely used in two-wheelers, ATVs and trains for a variety of applications. These motors are preferred owing to features like low energy consumption, enhanced reliability, and superior efficiency. Forecasters claim that the segment could generate sizable revenue while maintaining a CAGR of more than 6.5% by 2026.

Companies operating in the electric motors market are constantly focusing on developing their product offering and production capacities to expand their market presence. Taking August 2020 for instance, Yamaha revealed that it is planning to build and design high output electric motors that would be more compact and lightweight. The company intends to launch a range of motors starting from 35 kW to 200 kW. 

Currently companies like Siemens, Hyosung, WEG, Robert Bosch, Regal Beloit, ABB, Buhler Motor Gmbh, Toshiba, General Electric, Allied Motion Technologies, and Shandong are leading the electric motor market landscape with their pioneering product lineup.

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Partial Chapter of the Table of Content

Charts & Figures

FIG. 1   Innovation insights

FIG. 2   Electric Motors Market segmentation

FIG. 3   Industry landscape

FIG. 4   Industry ecosystem analysis

FIG. 5   Material cost

FIG. 6   Manufacturer cost

FIG. 7   Pricing analysis, By motor

FIG. 8   Pricing analysis, By motor

FIG. 9   Pricing analysis, By motor

FIG. 10 Pricing analysis, By motor

FIG. 11 Pricing analysis, By motor

FIG. 12 Standard methods of cost accounting for standard rulemaking

FIG. 13 Automobile and supplier export (USD Billions)

FIG. 14 Share of total EV registrations

FIG. 15 New EV/PHEV registrations

FIG. 16 Electric vehicles market shares by region, 2019

FIG. 17 Electric two wheelers market share by region, 2019

FIG. 18 Hybrid electric vehicles market share by region, 2019

FIG. 19 Electric Vehicle Production Statistics (2016-2026)

FIG. 20 Electric Vehicle Production Statistics (2016-2026)

FIG. 21 Electric Motors Market Growth potential analysis

FIG. 22 Porter’s analysis

FIG. 23 PESTEL analysis

FIG. 24 Electric Motors Market share analysis, 2019

FIG. 25 U.S. exports of electric motors in 2015

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