Europe Electric Vehicle Motor Market Size, Share by 2022-2028

Europe Electric Vehicle Motor Market Size, Share & Industry Trends Analysis Report By Type (AC Motor and DC Motor), By Application (Passenger Cars and Commercial Vehicles), By Electric Vehicle Type, By Country and Growth Forecast, 2022 - 2028

Published Date: November-2022 | Number of Pages: 94 | Format: PDF | Report ID: KBV-12480

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Market Report Description

The Europe Electric Vehicle Motor Market would witness market growth of 19.7% CAGR during the forecast period (2022-2028).

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As the number of electric vehicles increases, the market for electric vehicle motors is predicted to grow quickly due to benefits such as zero discharges, cheap maintenance costs, computerized control, and high proficiency. These engines are used in bikes that at least have one electric motor, while traveler and commercial vehicles typically have two or more electric motors, depending on the size and purpose of the vehicle.

Many countries have established stringent release limits to reduce GHG emissions and so control the causes of unnatural weather changes induced by anthropological activities. In this approach, it is foreseeable that automakers will need to produce zero-release automobiles in order to adhere to harsher spread regulations. Rapid urbanization, which raises the importance of transportation options like electric cars, is a major factor influencing the market growth. Electric cars are both more cost-effective and less damaging to the environment than conventional cars.

There have been significant improvements in the scope of facilities that are currently deployed since the government first began financing the UK charging point sector in 2010. The majority of EVs can currently be charged at any device on the public network in the UK owing to increasing connector standardization. The supply chain is expanding quickly, and novel business models are consistently appearing. Examples include peer-to-peer solutions and roving charging services, which monitor the charging requirements and send out a technician to recharge the car when customers need it. The manufacturing of EVs would therefore increase as a result of the region's strong automotive sector, which would also fuel the expansion of the local electric vehicle motor market.

The Germany market dominated the Europe Electric Vehicle Motor Market by Country in 2021; thereby, achieving a market value of $1,232.3 Million by 2028. The UK market is exhibiting a CAGR of 18.6% during (2022 - 2028). Additionally, The France market would experience a CAGR of 20.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Electric Vehicle Motor Market will Hit $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

  • AC Motor
  • DC Motor

By Application

  • Passenger Cars
  • Commercial Vehicles

By Electric Vehicle Type

  • Battery Electric Vehicle
  • Plugin Hybrid Vehicle
  • Hybrid Vehicle

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

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

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Related Reports:

Global Electric Vehicle Motor Market Report 2022-2028

North America Electric Vehicle Motor Market Report 2022-2028

Asia Pacific Electric Vehicle Motor Market Report 2022-2028

LAMEA Electric Vehicle Motor Market Report 2022-2028

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