Research and analysis of Automotive Traction Motor Core: the market size in 2022 will be USD 2666.4 million

According to our (Global Info Research) latest study, the global Automotive Traction Motor Core market size was valued at US$ xx million in 2022 and is forecast to a readjusted size of USD xx million by 2029 with a CAGR of xx% during review period.

This report is a detailed and comprehensive analysis for global Automotive Traction Motor Core market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

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 other, whereas like poles repel.

Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.

This report provides the 2018-2029 market data review and forecast by Type, by Application, and by region & country.

The report considers 2022 as the base year. All calculations involving quantitative data are based on 2022. The values represented in the report are actual values for 2022, whereas the values are estimated for the period 2023–2029.

Market segment by Type: Permanent Magnet Motor Cores, AC Induction Motor Cores

Market segment by Application: EV, HEV

Major players covered: Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Tempel Steel, Hidria, JFE Shoji, Wuxi Longsheng Technology, Tongda Power Technology, Toyota Boshoku, Kienle Spiess, Shiri Electromechanical Technology, Yutaka Giken, Kuroda Precision

Market segment by region, regional analysis covers: North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia), South America (Brazil, Argentina, Colombia, and Rest of South America), Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)