Europe Electric Vehicle Motor Market Size & Value Forecast with Trends to 2030


The Europe Electric Vehicle Motor Market size was valued at around USD32.9 billion in 2024 and is projected to reach USD80.2 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30.

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Europe Electric Vehicle Motor Market Research Report – 2025 Outlook, Trends, Share, Size Forecast

MarkNtel Advisors has released an in-depth report on the Europe Electric Vehicle Motor Market, offering critical insights into the market's size, growth, trend, projections, and emerging dynamics. This report delivers a comprehensive analysis of growth opportunities, competitive landscape, technological developments, and evolving consumer demands—equipping industry stakeholders with the data necessary to make informed decisions.

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Europe Electric Vehicle Motor Market Trend

Integration of AI in Electric Vehicle Motor – The advancements, such as AI, etc., in the automobile industry, have revolutionized the automobile industry. The implications of AI, LiDAR, and others have resulted in the formation of Autonomous Driving Systems. This system analyses the surroundings and aids the driver, hence reducing the mechanical labor. Autonomous system-equipped vehicles allow vehicles to interact via sensors and algorithms installed in the motors to optimize the routes, thus increasing the efficiency of the vehicle.

Moreover, this system reduces the mechanical strain of the driver while turning as the torque sensors installed in the motors detect the motion and operate. Apart from these, this system reduces the strain on the vehicle, hence resulting in more durability. These factors have resulted in raising the demand for autonomous-driven electric vehicles among the European population. This results in manufacturers such as Easymile inculcating such technologies in their motors.

Leading Companies and Competitive Landscape of Europe Electric Vehicle Motor Market

The competitive landscape of the Europe Electric Vehicle Motor Market is shaped by both top giants and emerging players. These companies are actively involved in product launches, mergers acquisitions, and geographical expansions to support their market presence.

Key Market Players Include:

Company

These players are continuously innovating and investing in technological solutions to meet the dynamic needs of the market while maintaining a competitive edge.

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Europe Electric Vehicle Motor Market Segmentation and Region

By Component

  • Motor Stator
  • Rotor, Shaft, Bearing
  • Permanent Magnet
  • Casting
  • Wiring Connectors
  • Others

By Demand

  • OEMs
  • Aftermarket

By Type

  • Permanent Magnet Synchronous Magnet (PMSM)
  • Induction Motor
  • Switch Reluctance Motor (SRM)

By Power Rating

  • Up to 20 kW
  • 21kW-100kW
  • 101kW-250kW
  • Above 250 kW

By Variant

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Range

  • Up to 150km
  • 151km-300km
  • 301km-500km
  • Above 500km

By End-User

  • Electric Passenger Cars
  • Sedan
  • SUV
  • Hatchback
  • Electric Commercial Vehicles
    • Electric Light Commercial Vehicles
      • Electric Light Trucks
      • Electric Minivans
    • Electric Medium Heavy Commercial Vehicles
      • Electric Trucks
      • Electric Bus
    • Electric Two-Wheelers
      • Electric Scooters
      • Electric Motorcycles
    • Electric Three-Wheelers

By Region

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • The Netherlands
  • Scandinavia
  • Rest of Europe

 

Frequently Asked Questions (FAQs)

  1. What is the expected CAGR of the Europe Electric Vehicle Motor Market during 2025-2030?
  2. Which region holds the largest market share in the Europe Electric Vehicle Motor Market?
  3. Who are the leading players in the Europe Electric Vehicle Motor Market?
  4. What are the key trends driving the Europe Electric Vehicle Motor Market forward?
  5. What are the major challenges faced by new entrants in the market?

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Scope of the Report

  • Provides an unbiased market forecast from 2025 to 2030
  • Covers detailed company profiles and competitive analysis
  • Includes segment-wise and geography-wise market breakdown
  • Offers insights into market drivers, challenges, and trends
  • Equips stakeholders with data-backed strategic recommendations

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