250 Pages EV Traction Motor Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
Latest industry analysis by Fact MR, predicts sales of EV Traction Motor to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of EV Traction Motor. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of EV Traction Motor Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of EV Traction Motor market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of EV Traction Motor
This newly published and insightful report sheds light on Market Insights of EV Traction Motor, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of EV Traction Motor Market.
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With the growth in the development of electric vehicles, the demand for EV traction motor is also rising. Moreover, traction motors can be used in both hybrids as well as electric vehicles. Also, with the introduction of stringent regulations on emission across the globe is also driving the demand for electric vehicles, thereby resulting in the growth of EV traction motor market. The government in various countries are also offering incentives and subsidies for electric vehicles such as tax exemptions, tax credits, etc., resulting in the increasing demand for electric vehicles. Hence, increasing demand for electric vehicles will automatically drive the EV traction motor market. Moreover, manufacturers are also focusing on developing advanced traction motors by investing in research and development activities.
Operating at high temperature, traction motors reduce the need for cooling time, thereby increasing the efficiency of the motor. The automotive industry is moving towards adopting traction motors to achieve power density, efficiency, reliability. Moreover, use of traction motors in electric vehicles also leads to the low maintenance cost. However, increasing cost of metals and shortage of rear-earth metals is hampering the growth of the EV traction motors.
As per the report compiled by Fact.MR, the global EV traction market is likely to witness robust growth, registering 13.5% CAGR during the forecast period 2017-2026. The market is also estimated to bring in US$ 14,924.0 million revenue by the end of 2026. Manufacturers are focusing on investing in the research and development of the advanced EV traction motor based on specific needs. Moreover, increasing adoption of the electric vehicles is also driving the growth of the global EV traction motor market. Below are the few insights on how the global EV traction motor market will perform in the coming years.
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Fact.MR, in its new report, offers an unbiased Market Analysis of EV Traction Motor, Sales and Demand of EV Traction Motor, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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