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Traction Motor Market by Application (Railways, Electric Vehicle and Industrial Vehicles), Type (DC Traction Motor, AC Traction Motor and Synchronous Motor) and Power Rating (Less than 200 kW, 200-400 kW and More than 400 kW): Global Opportunity Analysis and Industry Forecast, 2020–2027

A06635
Pages: 229
Jul 2020 | 1190 Views
 
Author(s) : Abhay Singh , Sonia Mutreja
Tables: 105
Charts: 68
 

COVID-19

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Traction Motor Market Statistics – 2027

The global traction motor market was valued at $10.78 billion in 2019, and is projected to reach $30.06 billion by 2027, registering a CAGR of 13.7%. Asia-Pacific was the highest revenue contributor, accounting for $3.74 billion in 2019, and is estimated to reach $10.88 billion by 2027, with a CAGR of 14.3%.        

A traction motor constitutes an electric motor that converts electrical energy into torque energy, and it is connected to a shaft, resulting in linear motion. Traction motors are generally used to power heavy vehicles such as railways, locomotives, and industrial machineries among others, owing to heavy weight of the automotive. In addition, these motors offer superior reliability, simplified construction, and better performance as compared to conventional steam and diesel engines. Furthermore, technological advancement has led to development of superior semiconductor devices such as insulated gate bipolar transistor (IGBT) and thyristors, reliable AC induction motors, and electrification of locomotives & railroads, which is expected to provide profitable opportunities to the manufacturers in the coming years.

Traction-Motor-Market-2020-2027

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Factors such as incorporation of traction motors in railway engines, lower emission, low manufacturing and maintenance cost and reduction in loss in performance drives the global traction motor market. Moreover, rise in price of materials used for production and high investment cost are the factors that are expected to restrain the global traction motor market during the forecast period. However, increase in R&D is expected to supplement the global traction motor market; thus, providing a better opportunity for the growth of the market in the near future.

The global traction motor market is segmented based on application, type, power rating and region. Based on application, the global traction motor market has been categorized into railways, electric vehicles and industrial vehicles. Based on type, the global traction motor market has been categorized into DC traction motor, AC traction motor and synchronous motor. Based on power rating, the market has been categorized into less than 200 kW, 200-400 kW and more than 400 kW. Also, based on region, the global traction motor market has been studied across North America, Europe, Asia-Pacific and LAMEA. 

Key players operating in the global traction motor market include ABB, American Traction Systems, Hitachi, Hyundai Rotem, CRRC, Mitsubishi, Siemens, Skoda, Toshiba and Wabtec.

COVID Impact Analysis: With the advent in COVID-19 pandemic across the globe, the global traction motor market has been affected as the manufacturing units have been shut down due to the imposed lockdown in major countries across the globe. Also, the unavailability of skilled labor has affected the market but the global traction motor market is expected to register a significant growth in the near future owing to its wider application in different vehicles. 

Traction Motor Market
By Application

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Electric Vehicles is projected as the most lucrative segments

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Incorporation of traction motors in railway engines 

Railway is a preferred choice and is more economical for mass transportation of goods and products for longer distances as compared to roadways. Further, performance of railways engines and motors has increased in terms of speed and safety of the locomotives, owing to technological advancements. In addition, versatile benefits of traction motors, such as compact design, power efficiency, durability, and low maintenance costs, fuel their adoption in the railways. Thus, traction motors have become a significant component in railway locomotives. Moreover, the popularity of metro locomotives, especially in urban areas, is also projected to drive the demand for traction motors during the forecast period.

Traction Motor Market
By Type

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AC traction motor is projected as the most lucrative segments

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Low manufacturing and maintenance cost

The popularity and wide application of electric motors in various application industries has led to easy availability of sophisticated semiconductors, powerful magnets, and other components such as metal housings and winding wires for their manufacturing. Further, the multiple application of traction motors in locomotives, multiple electric units, and heavy machineries in industrial and OEM (Original Equipment Manufacturers) has eased the cost of production and maintenance associated with railway traction motors. In addition, the electrical and magnetism principles governing the working of these traction motors have simplified their construction and assembling as compared to other conventional power sources, lowering the costs associated with manufacturing and maintenance. Thus, the cost benefits associated with production and aftermarket services of traction motors are anticipated to drive the traction motor market growth over the next few years.

Traction Motor Market
By Power Rating

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200-400 kW is projected as the most lucrative segment

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Rise in price of materials used for production

Traction motors are subjected to extreme temperatures that result from friction between fast-moving components and parts. Hence, the materials used for their production are often durable, strong, and of fine quality. Similarly, other industries such as automotive, aerospace, and industrial also require fine quality of raw materials, resulting in increase in prices of the metals and other materials required for production. In addition, the unstable exchange rates of foreign currencies have inflated the prices for traction motors manufacturers. Thus, rise in prices of the materials used for production is expected to hamper the growth of the global traction motors market in the projected years.

Traction Motor Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

LAMEA would exhibit the highest CAGR of 15.4% during 2020-2027.

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Increase in R&D

Significant transformation owing to increasing investment in R&D for enhancement of railway and transportation system in the region will induce immense potential for manufacturing the motors and will provide enhance product features for different applications. R&D represents a key trend stimulating the growth of the traction motor market. Government initiatives to promote the electric motor usage will support the electric motors demand. The combination of increasing investment in R&D and government initiatives is expected to provide major opportunities for the growth in the global traction motor market in near future. 

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global traction motor market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall traction motor market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global traction motor market with a detailed impact analysis.
  • The current traction motor market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.


Key Market Segments

By Application

  • Railways
  • Electric Vehicles
  • Industrial Vehicles

By Type

  • DC Traction Motor
  • AC Traction Motor
  • Synchronous Motor

By Power Rating

  • Less than 200 kW
  • 200-400 kW
  • More than 400 kW

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany 
    • France 
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • ABB
  • American Traction Systems
  • Hitachi
  • Hyundai Rotem
  • CRRC
  • Mitsubishi
  • Siemens
  • Skoda
  • Toshiba
  • Wabtec
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Moderate-to-high bargaining power of suppliers
3.3.2.Low-to-moderate threat of new entrants
3.3.3.Low-to-high threat of substitutes
3.3.4.Moderate-to-high intensity of rivalry
3.3.5.Moderate bargaining power of buyers

3.4.Market share analysis, 2019 (%)

3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Incorporation of traction motors in railway engines
3.5.1.2.Lower emission
3.5.1.3.Low manufacturing and maintenance cost
3.5.1.4.Reduction in loss in performance

3.5.2.Restraints

3.5.2.1.Rise in price of materials used for production
3.5.2.2.High investment cost

3.5.3.Opportunities

3.5.3.1.Increase in research and development

CHAPTER 4:TRACTION MOTOR MARKET, BY APPLICATIONS

4.1.Overview
4.3.Railways

4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country

4.4.Electric vehicles

4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country

4.5.Industrial vehicles

4.5.1.Key market trends, growth factors and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis by country

CHAPTER 5:TRACTION MOTOR MARKET, BY TYPES

5.1.Overview
5.2.AC traction motor

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.DC traction motor

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

5.4.Synchronous motor

5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country

CHAPTER 6:TRACTION MOTOR MARKET, BY POWER RATING

6.1.Overview
6.2.Less than 200 kW

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.200-400kW

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

6.4.More than 400 kW

6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis by country

CHAPTER 7:TRACTION MOTOR MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by application
7.2.3.Market size and forecast, by types
7.2.4.Market size and forecast, by power rating
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by application
7.2.5.1.2.Market size and forecast, by types
7.2.5.1.3.Market size and forecast, by power rating

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by application
7.2.5.2.2.Market size and forecast, by types
7.2.5.2.3.Market size and forecast, by power rating

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by application
7.2.5.3.2.Market size and forecast, by types
7.2.5.3.3.Market size and forecast, by power rating

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by application
7.3.3.Market size and forecast, by types
7.3.4.Market size and forecast, by power rating
7.3.5.Market analysis by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by application
7.3.5.1.2.Market size and forecast, by types
7.3.5.1.3.Market size and forecast, by power rating

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by application
7.3.5.2.2.Market size and forecast, by types
7.3.5.2.3.Market size and forecast, by power rating

7.3.5.3.UK

7.3.5.3.1.Market size and forecast, by application
7.3.5.3.2.Market size and forecast, by types
7.3.5.3.3.Market size and forecast, by power rating

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by application
7.3.5.4.2.Market size and forecast, by types
7.3.5.4.3.Market size and forecast, by power rating

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by application
7.3.5.5.2.Market size and forecast, by types
7.3.5.5.3.Market size and forecast, by power rating

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by application
7.4.3.Market size and forecast, by types
7.4.4.Market size and forecast, by power rating
7.4.5.Market analysis by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by application
7.4.5.1.2.Market size and forecast, by types
7.4.5.1.3.Market size and forecast, by power rating

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by application
7.4.5.2.2.Market size and forecast, by types
7.4.5.2.3.Market size and forecast, by power rating

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by application
7.4.5.3.2.Market size and forecast, by types
7.4.5.3.3.Market size and forecast, by power rating

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by application
7.4.5.4.2.Market size and forecast, by types
7.4.5.4.3.Market size and forecast, by power rating

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by application
7.4.5.5.2.Market size and forecast, by types
7.4.5.5.3.Market size and forecast, by power rating

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by application
7.5.3.Market size and forecast, by types
7.5.4.Market size and forecast, by power rating
7.5.5.Market analysis by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by application
7.5.5.1.2.Market size and forecast, by types
7.5.5.1.3.Market size and forecast, by power rating

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by application
7.5.5.2.2.Market size and forecast, by types
7.5.5.2.3.Market size and forecast, by power rating

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by application
7.5.5.3.2.Market size and forecast, by types
7.5.5.3.3.Market size and forecast, by power rating

CHAPTER 8:COMPANY PROFILES:

8.1.ABB

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.1.4.Operating business segments
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.American Traction Systems

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio

8.3.Hitachi, Ltd.

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio
8.3.4.Operating business segments
8.3.5.Business performance

8.4.HYUNDAI ROTEM COMPANY (subsidiary of Hyundai Motor Company)

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.4.4.Operating business segments
8.4.5.Business performance
8.4.6.Key strategic moves and developments

8.5.CRRC

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio
8.5.4.Operating business segments
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.Mitsubishi Electric Corporation

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio
8.6.4.Operating business segments
8.6.5.Business performance

8.7.Siemens

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio
8.7.4.Operating business segments
8.7.5.Business performance

8.8.ŠKODA TRANSPORTATION

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.8.4.Operating business segments
8.8.5.Business performance
8.8.6.Key strategic moves and developments

8.9.Toshiba International Corporation

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
8.9.4.Operating business segments
8.9.5.Business performance

8.10.Wabtec Corporation

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio
8.10.4.Operating business segments
8.10.5.Business performance

LIST OF TABLES

TABLE 01.GLOBAL TRACTION MOTOR MARKET, BY APPLICATIONS, 2019-2027 ($MILLION)
TABLE 02.TRACTION MOTOR MARKET REVENUE FOR RAILWAYS, BY REGION 2019–2027 ($MILLION)
TABLE 03.TRACTION MOTOR MARKET REVENUE FOR ELECTRIC VEHICLES, BY REGION 2019–2027 ($MILLION)
TABLE 04.TRACTION MOTOR MARKET REVENUE FOR INDUSTRIAL VEHICLES, BY REGION 2019–2027 ($MILLION)
TABLE 05.GLOBAL TRACTION MOTOR MARKET, BY TYPES, 2019-2027 ($MILLION)
TABLE 06.AC TRACTION MOTOR MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 07.DC TRACTION MOTOR MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 08.SYNCHRONOUS TRACTION MOTOR MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 09.GLOBAL TRACTION MOTOR MARKET, BY POWER RATING, 2019-2027 ($MILLION)
TABLE 10.LESS THAN 200 KW TRACTION MOTOR MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 11.200-400 KW TRACTION MOTOR MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 12.MORE THAN 400 KW TRACTION MOTOR MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 13.NORTH AMERICA TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 14.NORTH AMERICA TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 15.NORTH AMERICA TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 16.U.S. TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 17.U.S. TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 18.U.S. TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 19.CANADA TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 20.CANADA TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 21.CANADA TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 22.MEXICO TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 23.MEXICO TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 24.MEXICO TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 25.EUROPE TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 26.EUROPE TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 27.EUROPE TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 28.GERMANY TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.GERMANY TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 30.GERMANY TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 31.FRANCE TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 32.FRANCE TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 33.FRANCE TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 34.UK TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.UK TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 36.UK TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 37.ITALY TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38.ITALY TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 39.ITALY TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 40.REST OF EUROPE TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.REST OF EUROPE TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 42.REST OF EUROPE TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 43.ASIA-PACIFIC TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.ASIA-PACIFIC TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 45.ASIA-PACIFIC TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 46.CHINA TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 47.CHINA TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 48.CHINA TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 49.JAPAN TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50.JAPAN TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 51.JAPAN TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 52.INDIA TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 53.INDIA TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 54.INDIA TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 55.SOUTH KOREA TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 56.SOUTH KOREA TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 57.SOUTH KOREA TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 58.REST OF ASIA-PACIFIC TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 59.REST OF ASIA-PACIFIC TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 60.REST OF ASIA-PACIFIC TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 61.LAMEA TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 62.LAMEA TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 63.LAMEA TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 64.LATIN AMERICA TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 65.LATIN AMERICA TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 66.LATIN AMERICA TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 67.MIDDLE EAST TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 68.MIDDLE EAST TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 69.MIDDLE EAST TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 70.AFRICA TRACTION MOTOR MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 71.AFRICA TRACTION MOTOR MARKET, BY TYPES, 2019–2027 ($MILLION)
TABLE 72.AFRICA TRACTION MOTOR MARKET, BY POWER RATING, 2019–2027 ($MILLION)
TABLE 73.ABB: COMPANY SNAPSHOT
TABLE 74.ABB: PRODUCT PORTFOLIO
TABLE 75.ABB: OPERATING SEGMENTS
TABLE 76.ABB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 77.AMERICAN TRACTION SYSTEMS: COMPANY SNAPSHOT
TABLE 78.AMERICAN TRACTION SYSTEMS: PRODUCT PORTFOLIO
TABLE 79.HITACHI LTD.: COMPANY SNAPSHOT
TABLE 80.HITACHI LTD.: PRODUCT PORTFOLIO
TABLE 81.HITACHI LTD.: OPERATING SEGMENTS
TABLE 82.HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
TABLE 83.HYUNDAI ROTEM COMPANY: PRODUCT PORTFOLIO
TABLE 84.HYUNDAI ROTEM COMPANY: OPERATING SEGMENTS
TABLE 85.HYUNDAI ROTEM COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 86.CRRC: COMPANY SNAPSHOT
TABLE 87.CRRC: PRODUCT PORTFOLIO
TABLE 88.CRRC: OPERATING SEGMENTS
TABLE 89.CRRC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 90.MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 91.MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 92.MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
TABLE 93.SIEMENS: COMPANY SNAPSHOT
TABLE 94.SIEMENS: PRODUCT PORTFOLIO
TABLE 95.SIEMENS: OPERATING SEGMENTS
TABLE 96.ŠKODA TRANSPORTATION: COMPANY SNAPSHOT
TABLE 97.ŠKODA TRANSPORTATION: PRODUCT PORTFOLIO
TABLE 98.VOLKSWAGEN: OPERATING SEGMENTS
TABLE 99.ŠKODA TRANSPORTATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100.TOSHIBA INTERNATIONAL CORPORATION: COMPANY SNAPSHOT
TABLE 101.TOSHIBA INTERNATIONAL CORPORATION: PRODUCT PORTFOLIO
TABLE 102.TOSHIBA INTERNATIONAL CORPORATION: OPERATING SEGMENTS
TABLE 103.WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 104.WABTEC CORPORATION: PRODUCT PORTFOLIO
TABLE 105.WABTEC CORPORATION: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 09.MARKET SHARE ANALYSIS, 2019 (%)
FIGURE 10.GLOBAL TRACTION MOTOR MARKET, BY APPLICATIONS, 2019-2027
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF TRACTION MOTOR MARKET FOR RAILWAYS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF TRACTION MOTOR MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF TRACTION MOTOR MARKET FOR INDUSTRIAL VEHICLES, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 14.GLOBAL TRACTION MOTOR MARKET, BY TYPES, 2019-2027
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF AC TRACTION MOTOR MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF DC TRACTION MOTOR MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF SYNCHRONOUS TRACTION MOTOR MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 18.GLOBAL TRACTION MOTOR MARKET, BY POWER RATING, 2019-2027
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF LESS THAN 200 KW TRACTION MOTOR MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF 200-400 KW TRACTION MOTOR MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF MORE THAN 400 KW TRACTION MOTOR MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 22.TRACTION MOTOR MARKET, BY REGION, 2019-2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF TRACTION MOTOR MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 24.U.S. TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 25.CANADA TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 26.MEXICO TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF TRACTION MOTOR MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 28.GERMANY TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 29.FRANCE TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 30.UK TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 31.ITALY TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 32.REST OF EUROPE TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF TRACTION MOTOR MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 34.CHINA TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 35.JAPAN TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 36.INDIA TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 37.SOUTH KOREA TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 38.REST OF ASIA-PACIFIC TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 39.COMPARATIVE SHARE ANALYSIS OF TRACTION MOTOR MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 40.LATIN AMERICA TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 41.MIDDLE EAST TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 42.AFRICA TRACTION MOTOR MARKET, 2019–2027 ($MILLION)
FIGURE 43.ABB: REVENUE, 2017–2019 ($MILLION)
FIGURE 44.ABB: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 45.ABB: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 46.HITACHI LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 47.HITACHI LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 48.HITACHI LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 49.HYUNDAI ROTEM COMPANY: NET SALES, 2017–2019 ($MILLION)
FIGURE 50.HYUNDAI ROTEM COMPANY: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 51.HYUNDAI ROTEM COMPANY: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 52.CRRC: REVENUE, 2017–2019 ($MILLION)
FIGURE 53.CRRC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 54.CRRC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 55.MITSUBISHI CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 56.MITSUBISHI CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 57.SIEMENS: REVENUE, 2017–2019 ($MILLION)
FIGURE 58.SIEMENS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 59.SIEMENS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60.VOLKSWAGEN: NET SALES, 2017–2019 ($MILLION)
FIGURE 61.VOLKSWAGEN: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.VOLKSWAGEN: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.TOSHIBA INTERNATIONAL CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 64.TOSHIBA INTERNATIONAL CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 65.TOSHIBA INTERNATIONAL CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 66.WABTEC CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 67.WABTEC CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 68.WABTEC CORPORATION: REVENUE SHARE BY REGION, 2019 (%)

 
 

A traction motor constitutes an electric motor that converts electrical energy into torque energy, and it is connected to a shaft, resulting in linear motion. Traction motors are generally used to power heavy vehicles such as railways, locomotives, and industrial machineries among others, owing to the heavy weight of the automotive. The market is supplemented by numerous developments carried out by the top traction motor manufacturers, which has led to the growth of the market. Moreover, technological advancements in transportation & usage of advanced traction motors along with increase in government investments for infrastructure development are expected to drive the traction motor market growth.

At present, AC traction motors are being used worldwide due to the factor that AC traction motors convert the alternator output into direct current and subsequently reconvert it into variable alternating current of variable frequency, thus powering the alternating current traction motors and offering superior adhesion between the wheels and tracks. 

Factors such as incorporation of traction motors in railway engines, lower emission, less manufacturing and maintenance cost and reduction in loss in performance drives the global traction motor market. Moreover, rise in price of materials used for production and high investment cost are the factors that are expected to restrain the global traction motor market during the forecast period. However, increase in R&D is expected to supplement the global traction motor market; thus, providing a better opportunity for the growth of the market in the near future.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, North America and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to maintain a greater market size during the forecast period, owing to increased adoption of advanced technologies such as electric vehicles and autonomous trains. Meanwhile, LAMEA is expected to register a significant growth rate during the forecast period owing to increased industrial investment in different countries across LAMEA.
 

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The new competitive developments in traction motors market includes the introduction of different types of traction motors such as AC or DC types which has different capabilities and performance as per their application.

A. AC traction motor holds a major market share of approximately 47% of the total market. This is due to the increased application of AC traction motor in vehicles.

A. The sample for traction motors market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. The potential customers in the traction motors includes the vehicle manufacturers who utilize the traction motors to be an essential component required for the propulsion of vehicle.

A. The leading players in the global traction motors market includes ABB, Hitachi Ltd., CRRC, Mitsubishi, Siemens and others who offers different traction motors and holds a major market share in the global market.

A. The company profiles of the top market players of traction motors market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Based on the analysis, Asia-Pacific is the highest revenue contributor and is expected to maintain the lead in the global traction motors market in terms of revenue meanwhile LAMEA is expected to register a significant growth rate owing to increased investment in LAMEA.

A. The service providers in the global traction motor industry are the different companies who are offering better and advanced traction motors having application in different types of vehicles.

A. The key growth strategies of traction motors industry players includes product development and product launch which eventually leads to the growth of the global traction motors market.

A. The installation cost of traction motors in a vehicle depends on the performance of the vehicle and thus different types of motors have application in different types of vehicles.

 

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