Europe Electric Vehicle Motor Market Key Players, Companies and Forecast 2030
The Europe Electric Vehicle Motor Market is growing due to innovation, evolving demand, and industry shifts. This report offers insights into market size, value, trends, competitive analysis, and key company strategies. It supports strategic planning with data-driven forecasts and regional insights, helping stakeholders identify opportunities, assess performance, and navigate the changing landscape effectively.
Key Report Highlights:
Market size and projections
Recent strategic moves by companies
Primary stakeholders
Import and export trends
Competitive landscape assessment
Emerging opportunities
Market trends and indicators
Market size and projections
The Europe Electric Vehicle Motor Market size was valued at around USD32.9 billion in 2024 and is projected to reach USD80.2 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30.
Market Key Driver –
This market growth is observed due to the increase in the demand for electronic and hybrid vehicles, advancements in technology, the rise in the implication of strict regulations, and others.
Competitive Landscape:
The report profiles key players in the Europe Electric Vehicle Motor market, including:
Siemens AG
Bosch
Schaeffler
ZF Friedrichshafen AG
Valeo
Continental AG
Nidec Corporation
YASA Motors
BorgWarner
GKN Automotive
Magna International
These companies are adopting strategies such as mergers, acquisitions, and partnerships to strengthen their market position.
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Europe Electric Vehicle Motor Market Segmentation Analysis:
The market is segmented into the following categories:
By Component
Motor Stator
Rotor, Shaft, Bearing
Permanent Magnet
Casting
Wiring & Connectors
Others
By Demand
OEMs
Aftermarket
By Type
Permanent Magnet Synchronous Magnet (PMSM)
Induction Motor
Switch Reluctance Motor (SRM)
By Power Rating
Up to 20 kW
21kW-100kW
101kW-250kW
Above 250 kW
By Variant
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Fuel Cell Electric Vehicle (FCEV)
Based on Variant type, Battery Electric Vehicle (BEV) holds the largest market share of approximately 63% of the total.
By Range
Up to 150km
151km-300km
301km-500km
Above 500km
By End-User
Electric Passenger Cars
Sedan
SUV
Hatchback
Electric Commercial Vehicles
Electric Light Commercial Vehicles
Electric Light Trucks
Electric Minivans
Electric Medium & Heavy Commercial Vehicles
Electric Trucks
Electric Bus
Electric Two-Wheelers
Electric Scooters
Electric Motorcycles
Electric Three-Wheelers
By Region
Germany
The UK
France
Italy
Spain
The Netherlands
Scandinavia
Rest of Europe
Regionally, the market is growing in multiple countries, however, Germany has the largest growing electric vehicle market, with more than 35% of the manufacturing and sales of electric vehicles across the region.
Key Questions Covered in the Report:
What is the current size and value of the Europe Electric Vehicle Motor market?
How is the Europe Electric Vehicle Motor market expected to grow by 2030?
What key trends are shaping the future of the Europe Electric Vehicle Motor market?
What factors are driving demand in the Europe Electric Vehicle Motor industry?
Which regions show the strongest growth in the Europe Electric Vehicle Motor market?
Who are the major players in the Europe Electric Vehicle Motor market and their strategies?
What segments are leading revenue generation in the Europe Electric Vehicle Motor market?
How are regulations influencing the Europe Electric Vehicle Motor market outlook?
What are the major challenges facing the Europe Electric Vehicle Motor market?
What new technologies are emerging in the Europe Electric Vehicle Motor industry?
How is consumer behavior evolving in the Europe Electric Vehicle Motor market space?
What opportunities exist for new entrants in the Europe Electric Vehicle Motor market?
How does pricing vary across regions in the Europe Electric Vehicle Motor market?
What investment trends are impacting the Europe Electric Vehicle Motor market growth?
What is the forecasted CAGR for the Europe Electric Vehicle Motor market through 2030?
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