The Asia Pacific Electric Vehicle Motor Market would witness market growth of 20.7% CAGR during the forecast period (2022-2028).
The expansion of electric and hybrid vehicles, which is fuelled by a rise in the acceptance of clean mobility solutions and the construction of charging infrastructure, is causing the electric vehicle motors market to expand. The rising investments in electric vehicles (EVs) together with rising demand for energy-efficient motors are advancing the technological improvement of these motors. Due to the reduced power consumption and excellent efficiency of EV motors, there is a growing demand for EVs.
Furthermore, the demand for EVs is also being boosted by emission standards designed to protect environmental sustainability as more people are demanding for greener options. The general public's growing preference for zero-emission automobiles has boosted the popularity of hybrid electric vehicles (HEVs) all over the world. Globally, a large number of auto OEMs are currently developing innovative HEV and EV concepts.
Windshield wipers, sunroofs, HVAC blowers, ventilated seats, power windows, sliding doors, fuel pumps, power steering, radiator fans, steerable headlights, and many more applications use motors to perform their respective tasks. As safety features, intelligence, and convenience improve with each model of a car, the requirement for the number of motors in those vehicles rises as well. A typical modern electric vehicle, for instance, may easily have between 12 and 40 electric motors.
Due to increased EV sales, particularly in China, the Pacific region has captured the electric vehicle industry. The largest consumer and producer of electric vehicles worldwide is China. Public policy objectives, constructive rules, and neighbourhood air quality considerations all support local interests. Government of India during the COP21 Summit in Paris, electric mobility gives a practical alternative to overcoming these challenges. When combined with innovative pricing methods, the proper technology, and support infrastructure, the nation can be successful in the adoption of electric vehicles, which has been realized by the government of India and hence stated in their agenda. As a result, the regional electric vehicle motor market is expanding mainly due to these aspects.
The China market dominated the Asia Pacific Electric Vehicle Motor Market by Country in 2021; thereby, achieving a market value of $2,860.1 Million by 2028 The Japan market is registering a CAGR of 19.9% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 21.9% during (2022 - 2028).
Based on Type, the market is segmented into AC Motor and DC Motor. Based on Application, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Electric Vehicle Type, the market is segmented into Battery Electric Vehicle, Plugin Hybrid Vehicle and Hybrid Vehicle. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Electric Vehicle Motor Market is Projected to reach USD 19.2 Billion by 2028, at a CAGR of 20.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bühler Motor GmbH, Inteva Products, LLC (The Renco Group Inc), Mabuchi Motor Co., Ltd., Johnson Electric Holdings Limited, Continental AG, Denso Corporation, Magna International, Inc., Robert Bosch GmbH, Nidec Corporation and MITSUBA Corporation
Scope of the Study
Market Segments Covered in the Report:
By Type
By Application
- Passenger Cars
- Commercial Vehicles
By Electric Vehicle Type
- Battery Electric Vehicle
- Plugin Hybrid Vehicle
- Hybrid Vehicle
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bühler Motor GmbH
- Inteva Products, LLC (The Renco Group Inc)
- Mabuchi Motor Co., Ltd.
- Johnson Electric Holdings Limited
- Continental AG
- Denso Corporation
- Magna International, Inc.
- Robert Bosch GmbH
- Nidec Corporation
- MITSUBA Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electric Vehicle Motor Market, by Type
1.4.2 Asia Pacific Electric Vehicle Motor Market, by Application
1.4.3 Asia Pacific Electric Vehicle Motor Market, by Electric Vehicle Type
1.4.4 Asia Pacific Electric Vehicle Motor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Asia Pacific Electric Vehicle Motor Market by Type
4.1 Asia Pacific AC Motor Market by Country
4.2 Asia Pacific DC Motor Market by Country
Chapter 5. Asia Pacific Electric Vehicle Motor Market by Application
5.1 Asia Pacific Passenger Cars Market by Country
5.2 Asia Pacific Commercial Vehicles Market by Country
Chapter 6. Asia Pacific Electric Vehicle Motor Market by Electric Vehicle Type
6.1 Asia Pacific Battery Electric Vehicle Market by Country
6.2 Asia Pacific Plugin Hybrid Vehicle Market by Country
6.3 Asia Pacific Hybrid Vehicle Market by Country
Chapter 7. Asia Pacific Electric Vehicle Motor Market by Country
7.1 China Electric Vehicle Motor Market
7.1.1 China Electric Vehicle Motor Market by Type
7.1.2 China Electric Vehicle Motor Market by Application
7.1.3 China Electric Vehicle Motor Market by Electric Vehicle Type
7.2 Japan Electric Vehicle Motor Market
7.2.1 Japan Electric Vehicle Motor Market by Type
7.2.2 Japan Electric Vehicle Motor Market by Application
7.2.3 Japan Electric Vehicle Motor Market by Electric Vehicle Type
7.3 India Electric Vehicle Motor Market
7.3.1 India Electric Vehicle Motor Market by Type
7.3.2 India Electric Vehicle Motor Market by Application
7.3.3 India Electric Vehicle Motor Market by Electric Vehicle Type
7.4 South Korea Electric Vehicle Motor Market
7.4.1 South Korea Electric Vehicle Motor Market by Type
7.4.2 South Korea Electric Vehicle Motor Market by Application
7.4.3 South Korea Electric Vehicle Motor Market by Electric Vehicle Type
7.5 Singapore Electric Vehicle Motor Market
7.5.1 Singapore Electric Vehicle Motor Market by Type
7.5.2 Singapore Electric Vehicle Motor Market by Application
7.5.3 Singapore Electric Vehicle Motor Market by Electric Vehicle Type
7.6 Malaysia Electric Vehicle Motor Market
7.6.1 Malaysia Electric Vehicle Motor Market by Type
7.6.2 Malaysia Electric Vehicle Motor Market by Application
7.6.3 Malaysia Electric Vehicle Motor Market by Electric Vehicle Type
7.7 Rest of Asia Pacific Electric Vehicle Motor Market
7.7.1 Rest of Asia Pacific Electric Vehicle Motor Market by Type
7.7.2 Rest of Asia Pacific Electric Vehicle Motor Market by Application
7.7.3 Rest of Asia Pacific Electric Vehicle Motor Market by Electric Vehicle Type
Chapter 8. Company Profiles
8.1 Mabuchi Motor Co., Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Acquisition and Mergers:
8.2 Johnson Electric Holdings Limited
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Product Launches and Product Expansions:
8.2.5 SWOT Analysis
8.3 Continental AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Denso Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.5 Magna International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisitions, Mergers, and Joint Ventures:
8.6 Robert Bosch GmbH
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 MITSUBA Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.8 Nidec Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent Strategies and Developments:
8.8.5.1 Acquisitions and Mergers:
8.8.6 SWOT Analysis
8.9 Bühler Motor GmbH
8.9.1 Company Overview
8.10. Inteva Products, LLC (The Renco Group, Inc.)
8.10.1 Company Overview
TABLE 1 Asia Pacific Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Electric Vehicle Motor Market
TABLE 4 Product Launches And Product Expansions – Electric Vehicle Motor Market
TABLE 5 Acquisition and Mergers – Electric Vehicle Motor Market
TABLE 6 Asia Pacific Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 8 Asia Pacific AC Motor Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific AC Motor Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific DC Motor Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific DC Motor Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Battery Electric Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Battery Electric Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Plugin Hybrid Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Plugin Hybrid Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Hybrid Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Hybrid Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Electric Vehicle Motor Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Electric Vehicle Motor Market by Country, 2022 - 2028, USD Million
TABLE 28 China Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 29 China Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 30 China Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 31 China Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 32 China Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 33 China Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 34 China Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 35 China Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 36 Japan Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 37 Japan Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 38 Japan Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 39 Japan Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 40 Japan Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 41 Japan Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 42 Japan Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 43 Japan Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 44 India Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 45 India Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 46 India Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 47 India Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 48 India Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 49 India Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 50 India Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 51 India Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 52 South Korea Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 53 South Korea Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 54 South Korea Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 55 South Korea Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 56 South Korea Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 57 South Korea Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 58 South Korea Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 59 South Korea Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 60 Singapore Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 61 Singapore Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 62 Singapore Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 63 Singapore Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 64 Singapore Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 65 Singapore Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 66 Singapore Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 67 Singapore Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 68 Malaysia Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 69 Malaysia Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 70 Malaysia Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 71 Malaysia Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 72 Malaysia Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 73 Malaysia Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 74 Malaysia Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 75 Malaysia Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 76 Rest of Asia Pacific Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 77 Rest of Asia Pacific Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 78 Rest of Asia Pacific Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 79 Rest of Asia Pacific Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 80 Rest of Asia Pacific Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 81 Rest of Asia Pacific Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 82 Rest of Asia Pacific Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 83 Rest of Asia Pacific Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 84 Key Information – Mabuchi Motor Co., Ltd.
TABLE 85 Key Information – Johnson Electric Holdings Limited
TABLE 86 Key Information – Continental AG
TABLE 87 key information – Denso Corporation
TABLE 88 Key Information – Magna International, Inc.
TABLE 89 key information – Robert Bosch GmbH
TABLE 90 Key Information – MITSUBA Corporation
TABLE 91 Key Information – Nidec Corporation
TABLE 92 Key Information – Bühler Motor GmbH
TABLE 93 Key Information – Inteva Products, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: Johnson Electric Holdings Limited
FIG 5 SWOT Analysis: Continental AG
FIG 6 Recent strategies and developments: Denso Corporation
FIG 7 Swot analysis: Robert Bosch GmbH
FIG 8 SWOT Analysis: Nidec Corporation