Traction Motor Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Traction Motor Market is segmented By Type (AC Traction Motors, DC Traction Motors, Permanent Magnet...

Traction Motor Market Size

Market Size in USD Bn

CAGR9.8%

Study Period2025-2032
Base Year of Estimation2024
CAGR9.8%
Market ConcentrationMedium
Major PlayersSiemens AG, ABB Ltd., General Electric Company, Bosch Limited, Nidec Corporation and Among Others
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Traction Motor Market Analysis

The traction motor market is estimated to be valued at USD 15.42 Bn in 2025 and is expected to reach USD 29.87 Bn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2032. The traction motor market is expected to witness strong growth during the forecast period owing to rising sales of electric vehicles worldwide.

Traction Motor Market Report Snapshots