Traction Motor Market Growing at a US$ 38,000 Mn by 2027

According to the study carried out by Acumen Research & Consulting, “The global Traction Motor market is expected to reach US$ 38,000 Mn in 2027 with a CAGR of 3% during the forecast period from 2020 to 2027“.

The Global Traction Motor Market Report for 2020 comprises key factors such as latest developments, drivers of results, key players, and growth rate as well as customer perspectives. A comprehensive overview and observations into trends that impact businesses are provided in the Traction Motor Market report, which provides extensive information on industries worldwide and national level. This offers a detailed analysis of the industry in a given period, including its scale, position and forecasts of the overall economy. This also includes the key companies working on the market of Traction Motor.

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The global economy has an effect of the COVID-19 pandemic, with various sectors facing difficulties like the Traction Motor market and its supply chain. The manufacturers face repeated operations with reduced capacity and shortages around the board. However, the need for reduced supply and continuous growth in order to cope with the pandemic is expected to increase the product deployment.

The segmentation covers every important aspect of the market that is essential for proper profiling and clarification. Additionally, the profiled region includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa and these regions are further bifurcated into their respective major economies for detailed analysis.

Along with these, for proper market understanding, the major aspects like economic, social, political, and environmental, along with the major regulations and standards in accordance with the Traction Motor market are covered. For the same, Porter’s five forces model, value chain analysis, cost structure analysis, and player positioning analysis are covered.

Competitive landscape is a vital feature which must be known to all key players. The report provides an overview of the competitive scenario of the global Traction Motor market to align both domestic and global competition. Market analysts have also outlined the overview and the main elements, including processes, production and product selection, of any major player in the global Traction Motor market. The study further analyses the companies based on main factors such as business size, market position, industry growth, sales, amount of production and income.

View Detail Report With Complete Table of Content, List of Table and Figure:

Market Participants

Aisin, ABB, Alstom, General Electric, Continental, Mitsubishi, Magna International, Toshiba, Bosch, Siemen, and others. 

Market Segmentation

Traction Motor Market By Application


Industrial machinery and equipment


Traction Motor Market By End User

Hybrid vehicles

Compact construction equipment



Other (Washing machines, Electric Aircraft, etc.)

Traction Motor Market By Geography

North America

  • U.S.
  • Canada


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


  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

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