Europe Electric Vehicle Motor Market Size, Share and Forecast Analysis to 2030

Future of Europe Electric Vehicle Motor Market: Key Dynamics, Size & Share Analysis

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.

This market growth is observed due to the increase in the demand for electronic and hybrid vehicles, advancements in technology, the rise in the implication of strict regulations, and others. The demand for hybrid and electric vehicles has surged significantly with government support. European officials are implementing numerous policies and schemes to promote the growth of electric vehicles.

Top Challenges Impacting the Europe Electric Vehicle Motor Market Growth

High Cost of Motor to Hinder Market Growth – The cost of rare earth materials, such as neodymium, dysprosium, etc., used in the major components of the electric motor, such as magnets, is relatively high. These metals are used in motors due to their high magnetic power, which improves the efficiency and durability of the motor. Moreover, the other components of motors, such as the inverter, convert the supplied power to AC. Similarly, other electrical systems in the motor inflate the price of the motor. However, such expensive components are not used in internal combustion engines, hence they are cheap. Thus, the middle-income population prefers conventional vehicles over electric ones.

Understanding the Core Segments in the Europe Electric Vehicle Motor Market

Europe Electric Vehicle Motor Market Size, Share & Industry Trends Analysis- By Component (Motor Stator, Rotor, Shaft, Bearing, Permanent Magnet, Casting, Wiring & Connectors, Others) By Demand ( OEMs, Aftermarket) By Type (Permanent Magnet Synchronous Magnet (PMSM), Induction Motor, Switch Reluctance Motor (SRM)] By Power Rating (Up to 20 kW, 21kW-100kW, 101kW-250kW, Above 250 kW (By Variant, Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Fuel Cell Electric Vehicle (FCEV)] By Range (Up to 150km, 151km-300km, 301km-500km, Above 500km) By End-User (Electric Passenger Cars, Sedan, SUV, Hatchback, Electric Commercial Vehicles, Electric Medium & Heavy Commercial Vehicles.

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Geographical Analysis of the Europe Electric Vehicle Motor Market

Germany
The UK
France
Italy
Spain
The Netherlands
Scandinavia
Rest of Europe

Regionally, the market is growing in multiple countries, however, Germany has the largest growing electric vehicle market, with more than 35% of the manufacturing and sales of electric vehicles across the region.

Who Dominates the Europe Electric Vehicle Motor Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

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

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MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.

MarkNtel Advisors is a leading Market Research Company and Industry Research Report Firm offering end-to-end intelligence across the automotive sector, including automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our extensive portfolio of Syndicated Research Reports and Customized Market Research Reports delivers global, regional, and country-level insights that help manufacturers, suppliers, and investors navigate evolving emission standards, technological disruptions, and changing consumer mobility trends. Built on robust data analytics, primary interviews, and Export and Import Data, our research provides actionable Market Forecasts and Revenue Impact Assessments. Clients leverage our intelligence for business analysis, competitive benchmarking, and go-to-market planning. Through our specialized Consulting Services, MarkNtel Advisors empowers automotive stakeholders to translate insight into strategy, ensuring agility, innovation, and profitable growth in a transforming global mobility landscape.