The global New Energy Vehicle Motor Core market size is predicted to grow from US$ 4216 million in 2025 to US$ 9255 million in 2031; it is expected to grow at a CAGR of 14.0% from 2025 to 2031.

New energy vehicle motor core, also known as drive motor or traction motor, is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles.

Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each other, whereas like poles repel. Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.

Governments around the world are offering subsidies, tax rebates, and incentives to promote the adoption of EVs, which directly boosts the demand for new energy vehicle motor cores. Emerging economies, particularly in Asia-Pacific and Latin America, are experiencing increased EV adoption. Governments in these regions are implementing policies and infrastructure improvements that support the growth of EVs, creating new opportunities for motor core manufacturers.

The expansion of EV models, including sedans, SUVs, trucks, and even commercial vehicles, is driving diverse demand for motor cores across different vehicle segments. As the EV market diversifies, there is growing demand for customized motor cores tailored to specific vehicle segments, such as luxury EVs, commercial vehicles, and even electric motorcycles. Offering specialized solutions for these segments can capture niche markets and increase revenue streams.

Continuous innovation in motor technology, including improvements in efficiency, power density, and performance, drives the demand for advanced drive motor cores. The use of advanced materials like silicon steel and amorphous metals improves the magnetic properties of motor cores, resulting in better energy efficiency and reduced energy losses.

ReportPrime, Inc. (LPI) ' newest research report, the “New Energy Vehicle Motor Core Industry Forecast” looks at past sales and reviews total world New Energy Vehicle Motor Core sales in 2024, providing a comprehensive analysis by region and market sector of projected New Energy Vehicle Motor Core sales for 2025 through 2031.

This Insight Report provides a comprehensive analysis of the global New Energy Vehicle Motor Core landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on New Energy Vehicle Motor Core portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global New Energy Vehicle Motor Core market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for New Energy Vehicle Motor Core and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global New Energy Vehicle Motor Core.

This report presents a comprehensive overview, market shares, and growth opportunities of New Energy Vehicle Motor Core market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

• Permanent Magnet Motor Cores
• AC Induction Motor Cores

Segmentation by Application:

• BEV
• PHEV
• HEV
• FCEV

Market by Region:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

Company's Coverage:

• Mitsui High-tec
• EUROTRANCIATURA
• POSCO
• Suzhou Fine-stamping
• Tempel Steel
• Hidria
• Yutaka Giken
• Wuxi Longsheng Technology
• R.Bourgeois
• Toyota Boshoku Corporation
• Tongda Power Technology
• Feintool
• Shiri Electromechanical Technology
• JFE Shoji

Key Questions Addressed in this Report:

• What is the 10-year outlook for the global New Energy Vehicle Motor Core market?
• What factors are driving New Energy Vehicle Motor Core market growth, globally and by region?
• Which technologies are poised for the fastest growth by market and region?
• How do New Energy Vehicle Motor Core market opportunities vary by end market size?
• How does New Energy Vehicle Motor Core break out by Type, by Application?