Europe Electric Vehicle Motor Market Overview: 2025-2030

Base Year: 2024

Historical Years: 2020-23

Forecast Years: 2025-30

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.

Markntel Advisor’s Europe Electric Vehicle Motor Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Europe Electric Vehicle Motor Market drivers, barriers, Europe Electric Vehicle Motor Market Trends, and Key Players in Europe Electric Vehicle Motor Market.

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Europe Electric Vehicle Motor Market Dynamics: 2025-2030

Europe Electric Vehicle Motor Market Driver:

Stringent Government Regulations Boosting Market Demand – As per global organizations, Europe is ranked as the fourth-largest emitter of greenhouse gases in 2023. Thus, this has pushed the European government to issue several guidelines and standard regulations, and policies to minimize such emissions. As a consequence, electric vehicles are promoted due to their relatively low emission of CO2. Electric vehicles use electricity to induce magnetism, and the vehicle runs on this dynamic. In this dynamics, there is no emission of toxic gases into nature, which is observed in conventional vehicles and motors. This has resulted in a shift of consumers towards electric vehicles, with approximately 51.6% of the total vehicles sold in Europe being electric. This surge in the demand for electric vehicles directly raises the demand for electric vehicle motors.

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Europe Electric Vehicle Motor Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• By Variant
  • Battery Electric Vehicle (BEV) – Market Size & Forecast 2020-2030, USD Million
  • Hybrid Electric Vehicle (HEV) – Market Size & Forecast 2020-2030, USD Million
  • Fuel Cell Electric Vehicle (FCEV) – Market Size & Forecast 2020-2030, USD Million

According to report, Based on Variant type, Battery Electric Vehicle (BEV) holds the largest market share of approximately 63% of the total.

• By Component
  • Motor Stator – Market Size & Forecast 2020-2030, USD Million
  • Rotor, Shaft, Bearing – Market Size & Forecast 2020-2030, USD Million
  • Permanent Magnet -Market Size & Forecast 2020-2030, USD Million
  • Casting-Market Size & Forecast 2020-2030, USD Million
  • Wiring & Connectors-Market Size & Forecast 2020-2030, USD Million
  • Others-Market Size & Forecast 2020-2030, USD Million
• By Demand
  • OEMs – Market Size & Forecast 2020-2030, USD Million
  • Aftermarket – Market Size & Forecast 2020-2030, USD Million
• By Type
  • Permanent Magnet Synchronous Magnet (PMSM) – Market Size & Forecast 2020-2030, USD Million
  • Induction Motor – Market Size & Forecast 2020-2030, USD Million
  • Switch Reluctance Motor (SRM) – Market Size & Forecast 2020-2030, USD Million
• By Power Rating
  • Up to 20 kW – Market Size & Forecast 2020-2030, USD Million
  • 21kW-100kW – Market Size & Forecast 2020-2030, USD Million
  • 101kW-250kW – Market Size & Forecast 2020-2030, USD Million
  • Above 250 kW – Market Size & Forecast 2020-2030, USD Million

According to report, The electric vehicle motor with a power rating of 101kW to 250kW has more than 45% of the market share.

• By Range
  • Up to 150km – Market Size & Forecast 2020-2030, USD Million
  • 151km-300km – Market Size & Forecast 2020-2030, USD Million
  • 301km-500km – Market Size & Forecast 2020-2030, USD Million
  • Above 500km – Market Size & Forecast 2020-2030, USD Million
• By End-User
  • Electric Passenger Cars-Market Size & Forecast 2020-2030, USD Million
  • Sedan-Market Size & Forecast 2020-2030, USD Million
  • SUV-Market Size & Forecast 2020-2030, USD Million
  • Hatchback-Market Size & Forecast 2020-2030, USD Million
  • Electric Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
    • Electric Light Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
    • Electric Light Trucks- Market Size & Forecast 2020-2030, USD Million
    • Electric Minivans- Market Size & Forecast 2020-2030, USD Million
  • Electric Medium & Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
    • Electric Trucks- Market Size & Forecast 2020-2030, USD Million
    • Electric Bus- Market Size & Forecast 2020-2030, USD Million
  • Electric Two-Wheelers- Market Size & Forecast 2020-2030, USD Million
    • Electric Scooters- Market Size & Forecast 2020-2030, USD Million
    • Electric Motorcycles- Market Size & Forecast 2020-2030, USD Million
  • Electric Three-Wheelers- Market Size & Forecast 2020-2030, USD Million
• By Region
  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • The Netherlands
  • Scandinavia
  • Rest of Europe

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Europe Electric Vehicle Motor Market:

• Siemens AG
• Bosch
• Schaeffler
• ZF Friedrichshafen AG
• Valeo
• Continental AG
• Nidec Corporation
• YASA Motors
• BorgWarner
• GKN Automotive
• Magna International

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