Analysis on NEV Drive Motor Market in 2019
With the increasing penetration rate of electric vehicles in the world, the NEV drive motor industry will see rapid expansion. The NEV drive motor system mainly includes the electric motor and the inverter. Like most of other auto parts, these two parts has been facing downward pressure on prices for a long time. But with the increase in the number of new energy vehicles, the NEV drive motor industry still has huge growth potential. It is expected that the market size of NEV drive motors will grow at an average rate of 18% to 20% by 2030.
Research Report on China’s Electric Vehicle Drive Motor Industry, 2018-2022
Global E- Drive for Automotive Market Research Report – Forecast to 2023
In terms of market share, Toyota Group (Denso Corporation and Aisin Seiki) ranked the first in 2016, followed by Honda Group, BYD, and FUKUTA, a Taiwan manufacturer that supplies Tesla with motors. Among them, Toyota Group and Honda Group are also global leaders in hybrid electric vehicles.
Research Report on China’s Electric Vehicle Drive Motor Industry, 2018-2022
Global E- Drive for Automotive Market Research Report – Forecast to 2023
The rise of third-party suppliers will become the prevailing trend of the development of the motor industry. For example, Toyota, Honda and Nissan, the top 3 Japanese automakers, all choose motors produced by themselves, which not only follows the convention of Japanese manufacturing but also depends on the development of the automotive industry.
Research Report on China’s Electric Vehicle Drive Motor Industry, 2018-2022
Global E- Drive for Automotive Market Research Report – Forecast to 2023
Japanese motor manufacturers have begun to respond to the trend change brought by electric vehicles. Denso Corporation and Aisin Seiki will be the first to capture market share by their scale advantages and low costs, followed by Nidec and Meiden.
Research Report on China’s Electric Vehicle Drive Motor Industry, 2018-2022
Global E- Drive for Automotive Market Research Report – Forecast to 2023