The Latin America, Middle East and Africa Electric Vehicle Motor Market would witness market growth of 23.6% CAGR during the forecast period (2022-2028).
The electric motor, which transforms electricity into torque to propel the vehicle, is a crucial component of the electric vehicle powertrain. The motor receives the power given by the battery pack, and then transforms this electrical energy, causing the vehicle to move. One significant advantage of an EV motor is the availability of regenerative braking. In this technique, when no power is being used, the motors start producing electricity and begin returning it to the battery pack.
Due to reduced fuel and maintenance costs as well as the fact that buses with electric motors will produce less pollution, there has been an increased focus on electrifying the public fleet. Additionally, a number of favorable government programs and incentives like tax breaks and discounts have promoted the incorporation of electric vehicles in fleets of commercial vehicles. Therefore, these applications that use electric motors present business opportunities for the major players in the electric vehicle motors market.
South Africa has a sizable car manufacturing sector. The International Trade Administration estimates that in 2020, the South African car industry's overall GDP contribution was 4.9%. The nation's largest manufacturing sector, the production of automobiles and automotive components, contributed a considerable 18.7% of the value added to the manufacturing output, upholding the industry's status as a key participant in South Africa's industrialization process. The region's electric vehicle motor market would experience expansion due to the region's developing automotive sector and rising use of electric vehicles.
The Brazil market dominated the LAMEA Electric Vehicle Motor Market by Country in 2021; thereby, achieving a market value of $308.2 Million by 2028. The Argentina market is showcasing a CAGR of 24.3% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 23% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Electric Vehicle Motor Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Electric Vehicle Motor Market, by Type
1.4.2 LAMEA Electric Vehicle Motor Market, by Application
1.4.3 LAMEA Electric Vehicle Motor Market, by Electric Vehicle Type
1.4.4 LAMEA 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. LAMEA Electric Vehicle Motor Market by Type
4.1 LAMEA AC Motor Market by Country
4.2 LAMEA DC Motor Market by Country
Chapter 5. LAMEA Electric Vehicle Motor Market by Application
5.1 LAMEA Passenger Cars Market by Country
5.2 LAMEA Commercial Vehicles Market by Country
Chapter 6. LAMEA Electric Vehicle Motor Market by Electric Vehicle Type
6.1 LAMEA Battery Electric Vehicle Market by Country
6.2 LAMEA Plugin Hybrid Vehicle Market by Country
6.3 LAMEA Hybrid Vehicle Market by Country
Chapter 7. LAMEA Electric Vehicle Motor Market by Country
7.1 Brazil Electric Vehicle Motor Market
7.1.1 Brazil Electric Vehicle Motor Market by Type
7.1.2 Brazil Electric Vehicle Motor Market by Application
7.1.3 Brazil Electric Vehicle Motor Market by Electric Vehicle Type
7.2 Argentina Electric Vehicle Motor Market
7.2.1 Argentina Electric Vehicle Motor Market by Type
7.2.2 Argentina Electric Vehicle Motor Market by Application
7.2.3 Argentina Electric Vehicle Motor Market by Electric Vehicle Type
7.3 UAE Electric Vehicle Motor Market
7.3.1 UAE Electric Vehicle Motor Market by Type
7.3.2 UAE Electric Vehicle Motor Market by Application
7.3.3 UAE Electric Vehicle Motor Market by Electric Vehicle Type
7.4 Saudi Arabia Electric Vehicle Motor Market
7.4.1 Saudi Arabia Electric Vehicle Motor Market by Type
7.4.2 Saudi Arabia Electric Vehicle Motor Market by Application
7.4.3 Saudi Arabia Electric Vehicle Motor Market by Electric Vehicle Type
7.5 South Africa Electric Vehicle Motor Market
7.5.1 South Africa Electric Vehicle Motor Market by Type
7.5.2 South Africa Electric Vehicle Motor Market by Application
7.5.3 South Africa Electric Vehicle Motor Market by Electric Vehicle Type
7.6 Nigeria Electric Vehicle Motor Market
7.6.1 Nigeria Electric Vehicle Motor Market by Type
7.6.2 Nigeria Electric Vehicle Motor Market by Application
7.6.3 Nigeria Electric Vehicle Motor Market by Electric Vehicle Type
7.7 Rest of LAMEA Electric Vehicle Motor Market
7.7.1 Rest of LAMEA Electric Vehicle Motor Market by Type
7.7.2 Rest of LAMEA Electric Vehicle Motor Market by Application
7.7.3 Rest of LAMEA 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 LAMEA Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 7 LAMEA Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 8 LAMEA AC Motor Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA AC Motor Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA DC Motor Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA DC Motor Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 13 LAMEA Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 14 LAMEA Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 19 LAMEA Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 20 LAMEA Battery Electric Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Battery Electric Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Plugin Hybrid Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Plugin Hybrid Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Hybrid Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Hybrid Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Electric Vehicle Motor Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Electric Vehicle Motor Market by Country, 2022 - 2028, USD Million
TABLE 28 Brazil Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 29 Brazil Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 30 Brazil Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 31 Brazil Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 32 Brazil Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 33 Brazil Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 34 Brazil Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 35 Brazil Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 36 Argentina Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 37 Argentina Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 38 Argentina Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 39 Argentina Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 40 Argentina Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 41 Argentina Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 42 Argentina Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 43 Argentina Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 44 UAE Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 45 UAE Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 46 UAE Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 47 UAE Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 48 UAE Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 49 UAE Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 50 UAE Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 51 UAE Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 52 Saudi Arabia Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 53 Saudi Arabia Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 54 Saudi Arabia Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 55 Saudi Arabia Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 56 Saudi Arabia Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 57 Saudi Arabia Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 58 Saudi Arabia Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 59 Saudi Arabia Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 60 South Africa Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 61 South Africa Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 62 South Africa Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 63 South Africa Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 64 South Africa Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 65 South Africa Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 66 South Africa Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 67 South Africa Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 68 Nigeria Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 69 Nigeria Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 70 Nigeria Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 71 Nigeria Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 72 Nigeria Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 73 Nigeria Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 74 Nigeria Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 75 Nigeria Electric Vehicle Motor Market by Electric Vehicle Type, 2022 - 2028, USD Million
TABLE 76 Rest of LAMEA Electric Vehicle Motor Market, 2018 - 2021, USD Million
TABLE 77 Rest of LAMEA Electric Vehicle Motor Market, 2022 - 2028, USD Million
TABLE 78 Rest of LAMEA Electric Vehicle Motor Market by Type, 2018 - 2021, USD Million
TABLE 79 Rest of LAMEA Electric Vehicle Motor Market by Type, 2022 - 2028, USD Million
TABLE 80 Rest of LAMEA Electric Vehicle Motor Market by Application, 2018 - 2021, USD Million
TABLE 81 Rest of LAMEA Electric Vehicle Motor Market by Application, 2022 - 2028, USD Million
TABLE 82 Rest of LAMEA Electric Vehicle Motor Market by Electric Vehicle Type, 2018 - 2021, USD Million
TABLE 83 Rest of LAMEA 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