According to our (Global Info Research) latest study, the global New Energy Vehicle Traction Motor Core market size was valued at US$ 4236 million in 2025 and is forecast to a readjusted size of US$ 10805 million by 2032 with a CAGR of 13.8% during review period.
In 2025, the global production of New Energy Vehicle Traction Motor Core reached approximately 38,093.3 K units, with an average price of US$ 108.1 per unit.
The traction motor in electric vehicle 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 automotive drive 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.
The global key manufacturers of New Energy Vehicle Traction Motor Core include Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Hidria, Tempel Steel, Wuxi Longsheng Technology, Yutaka Giken, R.Bourgeois, Huaxin Precision, etc. In 2025, the global top five players had a share approximately 61.64% in terms of revenue.
This report is a detailed and comprehensive analysis for global New Energy Vehicle Traction Motor Core market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global New Energy Vehicle Traction Motor Core market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global New Energy Vehicle Traction Motor Core market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global New Energy Vehicle Traction Motor Core market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global New Energy Vehicle Traction Motor Core market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for New Energy Vehicle Traction Motor Core
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global New Energy Vehicle Traction Motor Core market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Mitsui High-tec, EUROTRANCIATURA, POSCO, Suzhou Fine-stamping, Hidria, Tempel Steel, Wuxi Longsheng Technology, Yutaka Giken, R.Bourgeois, Huaxin Precision, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
New Energy Vehicle Traction Motor Core market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Permanent Magnet Motor Cores
AC Induction Motor Cores
Market segment by Technology
Welding
Interlock
Bonded
Market segment by Application
BEV
PHEV
HEV
Major players covered
Mitsui High-tec
EUROTRANCIATURA
POSCO
Suzhou Fine-stamping
Hidria
Tempel Steel
Wuxi Longsheng Technology
Yutaka Giken
R.Bourgeois
Huaxin Precision
Shiri Electromechanical Technology
Tongda Power Technology
Toyota Boshoku Corporation
Feintool
JFE Shoji
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe New Energy Vehicle Traction Motor Core product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of New Energy Vehicle Traction Motor Core, with price, sales quantity, revenue, and global market share of New Energy Vehicle Traction Motor Core from 2021 to 2026.
Chapter 3, the New Energy Vehicle Traction Motor Core competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the New Energy Vehicle Traction Motor Core breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and New Energy Vehicle Traction Motor Core market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of New Energy Vehicle Traction Motor Core.
Chapter 14 and 15, to describe New Energy Vehicle Traction Motor Core sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on New Energy Vehicle Traction Motor Core. Industry analysis & Market Report on New Energy Vehicle Traction Motor Core is a syndicated market report, published as Global New Energy Vehicle Traction Motor Core Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of New Energy Vehicle Traction Motor Core market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.