Report
Electric Motors For Electric Vehicle Market Europe 2025-2029
Europe Electric Motors for Electric Vehicles (EV) Market Forecast (2025–2029)
Executive Summary
The electric motors market for electric vehicles (EVs) in Europe is projected to expand by USD 126.85 billion during the forecast period 2024 to 2029, registering a Compound Annual Growth Rate (CAGR) of 12.69%. The increasing emphasis on environmental sustainability, coupled with regulatory support and technological advancements, is driving substantial market growth.
Market Overview
The European EV market is undergoing rapid transformation, primarily driven by the growing demand for clean and energy-efficient transportation solutions. The rising adoption of EVs as a substitute for traditional internal combustion engine (ICE) vehicles is significantly boosting the demand for electric motors.
Key market factors include:
- Growing environmental awareness.
- Stringent emissions regulations.
- Government subsidies and tax incentives.
- Technological innovations in electric propulsion systems.
Market Drivers
- Rising Demand for Electric Vehicles
The accelerated adoption of EVs across Europe, fueled by consumer environmental consciousness and governmental mandates, is the primary driver for the electric motor market. Countries such as Germany, the United Kingdom, Norway, France, and Sweden have witnessed a surge in EV sales. For instance, in 2023, Germany registered approximately 5 million fully electric vehicle sales, making it the leading EV market in Europe.
- Supportive Government Policies
European governments are offering various financial incentives such as subsidies, reduced registration fees, and tax exemptions to promote EV adoption, which indirectly fuels the demand for electric motors.
- Technological Advancements
Improvements in power density, energy storage systems, and motor efficiency, as well as the decreasing cost of lithium-ion batteries, are making EVs more accessible and attractive to consumers.
- Cost and Environmental Advantages
Electric vehicles offer lower operational costs, reduced maintenance requirements, and a smaller carbon footprint, contributing to their growing popularity.
Market Trends
- Adoption of Silicon Carbide (SiC) Inverters
The integration of Silicon Carbide (SiC) inverters is a significant trend enhancing motor efficiency. SiC-based inverters reduce energy losses, increase thermal conductivity, and improve power-handling capabilities, thereby contributing to extended driving range and faster charging times.
- Infrastructure and Mobility Solutions
Expansion in EV charging infrastructure, coupled with smart mobility solutions, is mitigating range anxiety and encouraging EV adoption.
- OEM Investment in Electrification
Automotive manufacturers are heavily investing in the development of electric propulsion technologies to meet emission targets and address consumer demand for sustainable vehicles.
Market Challenges
- Raw Material Scarcity
The limited availability of essential raw materials such as neodymium, dysprosium, copper, and aluminum, critical for electric motor production, poses a significant challenge. Supply chain disruptions and geopolitical tensions, particularly involving Russia, further compound the issue.
- High Initial Investment
Although operating costs are lower, the initial purchase cost of EVs remains relatively high, affecting adoption rates in certain market segments.
- Manufacturing and Skill Gaps
The transition to EV manufacturing necessitates workforce reskilling, advanced production techniques, and significant capital investment. Performance, reliability, and cost-effectiveness are ongoing areas of development.
Key Players and Competitive Landscape
Major industry participants are adopting strategies such as strategic alliances, mergers and acquisitions, geographical expansion, and product launches to enhance their market share.
Notable Companies:
- ABB Ltd. – Offers advanced electric motor systems, including the BMW Externally Excited Synchronous Motor (EESM).
- AMETEK Inc.
- Bayerische Motoren Werke AG (BMW)
- BorgWarner Inc.
- Continental AG
- Nidec Corporation
- Robert Bosch GmbH
- Siemens AG
- Tesla Inc.
- Toshiba Corporation
- Valeo SA
- Ford Motor Company
- General Motors Company
- Renault SAS
- Volkswagen AG
Company Analysis
A comprehensive qualitative and quantitative assessment has been conducted to categorize companies based on market role:
- Business Focus: Pure play, category-focused, industry-focused, diversified.
- Market Position: Dominant, leading, strong, tentative, weak.
Conclusion
The Europe electric motors for EV market is poised for robust growth, driven by a combination of environmental imperatives, government support, and innovation in electric mobility. However, addressing material supply challenges, improving infrastructure, and enhancing manufacturing capabilities will be critical to sustaining long-term market momentum.
TABLE OF CONTENTS
1 Executive Summary
1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
- Exhibit 13: Market segments
3.3 Market size 2025
3.4 Market outlook: Forecast for 2025-2029
- Exhibit 14: Chart on Europe - Market size and forecast 2025-2029 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2025-2029 ($ billion)
- Exhibit 16: Chart on Europe: Year-over-year growth 2025-2029 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2025-2029 ($ billion)
4 Historic Market Size
4.1 Electric motors market for electric vehicle in Europe 2022- 2024
- Exhibit 18: Historic Market Size – Data Table on electric motors market for electric
vehicle in Europe 2024 - 2024 ($ billion)
4.2 Application Segment Analysis 2022 - 2024
- Exhibit 19: Historic Market Size – Application Segment 2022 - 2024 ($ billion)
4.3 Type Segment Analysis 2022 - 2024
- Exhibit 20: Historic Market Size – Type Segment 2022 - 2024 ($ billion)
4.4 Geography Segment Analysis 2022 - 2024
- Exhibit 21: Historic Market Size – Geography Segment 2022 - 2024 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2025 and 2029
5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2025 and
5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2025 and 2029
5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2025 and 2029
5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2025 and 2029
5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2025 and 2029
5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2025 and 2029
6 Market Segmentation by Application
6.1 Market segments
- Exhibit 29: Chart on Application - Market share 2025-2029 (%)
- Exhibit 30: Data Table on Application - Market share 2025-2029 (%)
6.2 Comparison by Application
- Exhibit 31: Chart on Comparison by Application
- Exhibit 32: Data Table on Comparison by Application
6.3 Passenger vehicle - Market size and forecast 2025-2029
- Exhibit 33: Chart on Passenger vehicle - Market size and forecast 2025-2029 ($ billion)
- Exhibit 34: Data Table on Passenger vehicle - Market size and forecast 2025-2029 ($billion)
- Exhibit 35: Chart on Passenger vehicle - Year-over-year growth 2025-2029 (%)
- Exhibit 36: Data Table on Passenger vehicle - Year-over-year growth 2025-2029 (%)
6.4 Commercial vehicle - Market size and forecast 2025-2029
- Exhibit 37: Chart on Commercial vehicle - Market size and forecast 2025-2029 ($ billion)
- Exhibit 38: Data Table on Commercial vehicle - Market size and forecast 2025-2029 ($billion)
- Exhibit 39: Chart on Commercial vehicle - Year-over-year growth 2025-2029 (%)
- Exhibit 40: Data Table on Commercial vehicle - Year-over-year growth 2025-2029 (%)
6.5 Market opportunity by Application
- Exhibit 41: Market opportunity by Application ($ billion)
- Exhibit 42: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Type
7.1 Market segments
- Exhibit 43: Chart on Type - Market share 2025-2029 (%)
- Exhibit 44: Data Table on Type - Market share 2025-2029 (%)
7.2 Comparison by Type
- Exhibit 45: Chart on Comparison by Type
- Exhibit 46: Data Table on Comparison by Type
7.3 AC motor - Market size and forecast 2025-2029
- Exhibit 47: Chart on AC motor - Market size and forecast 2025-2029 ($ billion)
- Exhibit 48: Data Table on AC motor - Market size and forecast 2025-2029 ($ billion)
- Exhibit 49: Chart on AC motor - Year-over-year growth 2025-2029 (%)
- Exhibit 50: Data Table on AC motor - Year-over-year growth 2025-2029 (%)
7.4 DC motor - Market size and forecast 2025-2029
- Exhibit 51: Chart on DC motor - Market size and forecast 2025-2029 ($ billion)
- Exhibit 52: Data Table on DC motor - Market size and forecast 2025-2029 ($ billion)
- Exhibit 53: Chart on DC motor - Year-over-year growth 2025-2029 (%)
- Exhibit 54: Data Table on DC motor - Year-over-year growth 2025-2029 (%)
7.5 Market opportunity by Type
- Exhibit 55: Market opportunity by Type ($ billion)
- Exhibit 56: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoptionrates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2025-2029 (%)
- Exhibit 59: Data Table on Market share by geography - 2025-2029 (%)
9.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison
9.3 Germany - Market size and forecast 2025-2029
- Exhibit 62: Chart on Germany - Market size and forecast 2025-2029 ($ billion)
- Exhibit 63: Data Table on Germany - Market size and forecast 2025-2029 ($ billion)
- Exhibit 64: Chart on Germany - Year-over-year growth 2025-2029 (%)
- Exhibit 65: Data Table on Germany - Year-over-year growth 2025-2029 (%)
9.4 UK - Market size and forecast 2025-2029
- Exhibit 66: Chart on UK - Market size and forecast 2025-2029 ($ billion)
- Exhibit 67: Data Table on UK - Market size and forecast 2025-2029 ($ billion)
- Exhibit 68: Chart on UK - Year-over-year growth 2025-2029 (%)
- Exhibit 69: Data Table on UK - Year-over-year growth 2025-2029 (%)
9.5 Italy - Market size and forecast 2025-2029
- Exhibit 70: Chart on Italy - Market size and forecast 2025-2029 ($ billion)
- Exhibit 71: Data Table on Italy - Market size and forecast 2025-2029 ($ billion)
- Exhibit 72: Chart on Italy - Year-over-year growth 2025-2029 (%)
- Exhibit 73: Data Table on Italy - Year-over-year growth 2025-2029 (%)
9.6 France - Market size and forecast 2025-2029
- Exhibit 74: Chart on France - Market size and forecast 2025-2029 ($ billion)
- Exhibit 75: Data Table on France - Market size and forecast 2025-2029 ($ billion)
- Exhibit 76: Chart on France - Year-over-year growth 2025-2029 (%)
- Exhibit 77: Data Table on France - Year-over-year growth 2025-2029 (%)
9.7 Rest of Europe - Market size and forecast 2025-2029
- Exhibit 78: Chart on Rest of Europe - Market size and forecast 2025-2029 ($ billion)
- Exhibit 79: Data Table on Rest of Europe - Market size and forecast 2025-2029 ($ billion)
- Exhibit 80: Chart on Rest of Europe - Year-over-year growth 2025-2029 (%)
- Exhibit 81: Data Table on Rest of Europe - Year-over-year growth 2025-2029 (%)
9.8 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
- Exhibit 83: Data Table on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Exhibit 84: Impact of drivers and challenges in 2025 and 2029
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
- Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
- Exhibit 86: Overview on factors of disruption
11.4 Industry risks
- Exhibit 87: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
- Exhibit 88: Vendors covered
12.2 Market positioning of vendors
- Exhibit 89: Matrix on vendor position and classification
12.3 Bayerische Motoren Werke AG
- Exhibit 90: Bayerische Motoren Werke AG - Overview
- Exhibit 91: Bayerische Motoren Werke AG - Business segments
- Exhibit 92: Bayerische Motoren Werke AG - Key news
- Exhibit 93: Bayerische Motoren Werke AG - Key offerings
- Exhibit 94: Bayerische Motoren Werke AG - Segment focus
12.4 BorgWarner Inc.
- Exhibit 95: BorgWarner Inc. - Overview
- Exhibit 96: BorgWarner Inc. - Business segments
- Exhibit 97: BorgWarner Inc. - Key offerings
- Exhibit 98: BorgWarner Inc. - Segment focus
12.5 Continental AG
- Exhibit 99: Continental AG - Overview
- Exhibit 100: Continental AG - Business segments
- Exhibit 101: Continental AG - Key news
- Exhibit 102: Continental AG - Key offerings
- Exhibit 103: Continental AG - Segment focus
12.6 DENSO Corp.
- Exhibit 104: DENSO Corp. - Overview
- Exhibit 105: DENSO Corp. - Business segments
- Exhibit 106: DENSO Corp. - Key news
- Exhibit 107: DENSO Corp. - Key offerings
- Exhibit 108: DENSO Corp. - Segment focus
12.7 Ford Motor Co.
- Exhibit 109: Ford Motor Co. - Overview
- Exhibit 110: Ford Motor Co. - Business segments
- Exhibit 111: Ford Motor Co. - Key news
- Exhibit 112: Ford Motor Co. - Key offerings
- Exhibit 113: Ford Motor Co. - Segment focus
12.8 General Motors Co.
- Exhibit 114: General Motors Co. - Overview
- Exhibit 115: General Motors Co. - Business segments
- Exhibit 116: General Motors Co. - Key news
- Exhibit 117: General Motors Co. - Key offerings
- Exhibit 118: General Motors Co. - Segment focus
12.9 Hitachi Ltd.
- Exhibit 119: Hitachi Ltd. - Overview
- Exhibit 120: Hitachi Ltd. - Business segments
- Exhibit 121: Hitachi Ltd. - Key news
- Exhibit 122: Hitachi Ltd. - Key offerings
- Exhibit 123: Hitachi Ltd. - Segment focus
12.10 Magna International Inc.
- Exhibit 124: Magna International Inc. - Overview
- Exhibit 125: Magna International Inc. - Business segments
- Exhibit 126: Magna International Inc. - Key news
- Exhibit 127: Magna International Inc. - Key offerings
- Exhibit 128: Magna International Inc. - Segment focus
12.11 Mitsubishi Electric Corp
- Exhibit 129: Mitsubishi Electric Corp. - Overview
- Exhibit 130: Mitsubishi Electric Corp. - Business segments
- Exhibit 131: Mitsubishi Electric Corp. - Key news
- Exhibit 132: Mitsubishi Electric Corp. - Key offerings
- Exhibit 133: Mitsubishi Electric Corp. - Segment focus
12.12 Renault SAS
- Exhibit 134: Renault SAS - Overview
- Exhibit 135: Renault SAS - Product / Service
- Exhibit 136: Renault SAS - Key news
- Exhibit 137: Renault SAS - Key offerings
12.13 Robert Bosch GmbH
- Exhibit 138: Robert Bosch GmbH - Overview
- Exhibit 139: Robert Bosch GmbH - Business segments
- Exhibit 140: Robert Bosch GmbH - Key news
- Exhibit 141: Robert Bosch GmbH - Key offerings
- Exhibit 142: Robert Bosch GmbH - Segment focus
12.14 Siemens AG
- Exhibit 143: Siemens AG - Overview
- Exhibit 144: Siemens AG - Business segments
- Exhibit 145: Siemens AG - Key news
- Exhibit 146: Siemens AG - Key offerings
- Exhibit 147: Siemens AG - Segment focus
12.15 Toshiba Corp.
- Exhibit 148: Toshiba Corp. - Overview
- Exhibit 149: Toshiba Corp. - Business segments
- Exhibit 150: Toshiba Corp. - Key news
- Exhibit 151: Toshiba Corp. - Key offerings
- Exhibit 152: Toshiba Corp. - Segment focus
12.16 Valeo SA
- Exhibit 153: Valeo SA - Overview
- Exhibit 154: Valeo SA - Business segments
- Exhibit 155: Valeo SA - Key news
- Exhibit 156: Valeo SA - Key offerings
- Exhibit 157: Valeo SA - Segment focus
12.17 Volkswagen AG
- Exhibit 158: Volkswagen AG - Overview
- Exhibit 159: Volkswagen AG - Business segments
- Exhibit 160: Volkswagen AG - Key offerings
- Exhibit 161: Volkswagen AG - Segment focus
Research Methodology
All our research reports employ a mixed-methods approach, leveraging both primary and secondary research techniques to develop a comprehensive and well-informed analysis. The methodology ensures a balanced perspective by combining data-driven insights with expert opinions.
1. Secondary Research
Secondary research formed the foundation of the study, offering a contextual understanding of the market landscape, historical trends, and existing data. This phase involved gathering and analyzing information from:
- Industry reports and whitepapers (e.g., McKinsey, Deloitte, Statista)
- Academic journals and case studies
- Company reports, investor presentations, and press releases
- Government databases and regulatory publications
- Trade publications, industry blogs, and news articles
2. Primary Research
To validate and complement secondary findings, extensive primary research was conducted. This included both quantitative data collection and qualitative insights, particularly through expert consultations.
a. Expert Consultations (Qualitative Primary Research)
In-depth interviews were conducted with a wide range of industry stakeholders, including:
- Industry experts and consultants
- Senior executives and decision-makers
- Product managers and supply chain professionals
- Academic researchers and analysts
b. Surveys and Questionnaires (Quantitative Primary Research)
Structured surveys were distributed among:
- End-users/consumers
- Retailers and distributors
- Business-to-business (B2B) buyers
3. Data Validation and Triangulation
Findings from secondary and primary sources were cross-validated through data triangulation to ensure accuracy, consistency, and reliability. This process involved comparing insights from different sources and reconciling discrepancies through expert feedback.
4. Analytical Tools and Frameworks
Various analytical models were applied to interpret the collected data:
- SWOT Analysis for understanding strengths, weaknesses, opportunities, and threats
- Porter’s Five Forces to assess market competitiveness
- PESTLE Analysis to evaluate external macroeconomic influences
- Forecasting Models using historical data trends and regression analysis
Conclusion
The combination of comprehensive secondary research and robust primary data collection—enhanced by expert consultations—ensured the development of a well-rounded and in-depth analysis. This approach enables strategic decision-making backed by both empirical evidence and industry expertise.
For detailed methodology for this particular report please write to us on info@syovi.com