Electric Traction Motor Market Outlook (2022-2033)

The Electric Traction Motor Market size is expected to reach US$ 211.38 billion by 2033 from US$ 17.45 billion in 2025. The market is estimated to record a CAGR of 36.59% from 2026 to 2033.

Report Coverage

Power Rating: <200 kW, 200-400 kW, >400 kW
Application: Railway, Electric Vehicles, Industrial Machinery, Conveyors, Elevators

US$ 17.45 Bn Market size in 2025

US$ 211.38 Bn Market Size by 2033

36.59% CAGR, 2026 - 2033

2026-2033 Forecast Period

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Format PDF + Excel + PPT

No. of Pages: 400

Category Electronics and Semiconductor

Report Code: BMIPUB00034656

Last Updated: 2026-05-31

Author

Siddhika Potpelwar

Consultant Connect

1. Introduction

1.1 Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Data Triangulation and Validation

4. Electric Traction Motor Market Landscape

4.1 Overview

4.3 Ecosystem Analysis

4.3.1 List of Vendors in the Value Chain

5. Electric Traction Motor Market – Key Market Dynamics

5.1 Market Drivers

5.2 Market Restraints

5.3 Market Opportunities

5.4 Future Trends

5.5 Impact of Drivers and Restraints

6. Electric Traction Motor Market Global Analysis

6.2 Electric Traction Motor Market Revenue 2022-2033 (US$ Billion)

6.3 Electric Traction Motor Market Forecast Analysis

7. Electric Traction Motor Market Analysis – by Power Rating

7.1 <200 kW

7.1.1 Overview
7.1.2 <200 kW: Electric Traction Motor Market – Revenue and Forecast, 2022-2033 (US$ Billion)

7.2 200-400 kW

7.2.1 Overview
7.2.2 200-400 kW: Electric Traction Motor Market – Revenue and Forecast, 2022-2033 (US$ Billion)

7.3 >400 kW

7.3.1 Overview
7.3.2 >400 kW: Electric Traction Motor Market – Revenue and Forecast, 2022-2033 (US$ Billion)

8. Electric Traction Motor Market Analysis – by Application

8.1 Railway

8.1.1 Overview
8.1.2 Railway: Electric Traction Motor Market – Revenue and Forecast, 2022-2033 (US$ Billion)

8.2 Electric Vehicles

8.2.1 Overview
8.2.2 Electric Vehicles: Electric Traction Motor Market – Revenue and Forecast, 2022-2033 (US$ Billion)

8.3 Industrial Machinery

8.3.1 Overview
8.3.2 Industrial Machinery: Electric Traction Motor Market – Revenue and Forecast, 2022-2033 (US$ Billion)

8.4 Conveyors

8.4.1 Overview
8.4.2 Conveyors: Electric Traction Motor Market – Revenue and Forecast, 2022-2033 (US$ Billion)

8.5 Elevators

8.5.1 Overview
8.5.2 Elevators: Electric Traction Motor Market – Revenue and Forecast, 2022-2033 (US$ Billion)

9. Electric Traction Motor Market – Geographic Analysis

9.1 Overview

9.2 North America

9.2.1 Electric Traction Motor Market Breakdown, by Key Country, 2026 and 2033 (%)
9.2.1.1 Electric Traction Motor Market – Revenue and Forecast Analysis – by Country
9.2.1.1 US: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.2.1.1.1 US: Electric Traction Motor Market Breakdown, by Power Rating
9.2.1.1.2 US: Electric Traction Motor Market Breakdown, by Application

9.2.1.2 Canada: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.2.1.2.1 Canada: Electric Traction Motor Market Breakdown, by Power Rating
9.2.1.2.2 Canada: Electric Traction Motor Market Breakdown, by Application

9.2.1.3 Mexico : Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.2.1.3.1 Mexico : Electric Traction Motor Market Breakdown, by Power Rating
9.2.1.3.2 Mexico : Electric Traction Motor Market Breakdown, by Application

9.3 Europe

9.3.1 Electric Traction Motor Market Breakdown, by Key Country, 2026 and 2033 (%)
9.3.1.1 Electric Traction Motor Market – Revenue and Forecast Analysis – by Country
9.3.1.1 Belgium: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.1.1 Belgium: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.1.2 Belgium: Electric Traction Motor Market Breakdown, by Application

9.3.1.2 Austria: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.2.1 Austria: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.2.2 Austria: Electric Traction Motor Market Breakdown, by Application

9.3.1.3 Finland: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.3.1 Finland: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.3.2 Finland: Electric Traction Motor Market Breakdown, by Application

9.3.1.4 Denmark: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.4.1 Denmark: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.4.2 Denmark: Electric Traction Motor Market Breakdown, by Application

9.3.1.5 Greece: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.5.1 Greece: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.5.2 Greece: Electric Traction Motor Market Breakdown, by Application

9.3.1.6 Poland: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.6.1 Poland: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.6.2 Poland: Electric Traction Motor Market Breakdown, by Application

9.3.1.7 Romania: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.7.1 Romania: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.7.2 Romania: Electric Traction Motor Market Breakdown, by Application

9.3.1.8 Russia: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.8.1 Russia: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.8.2 Russia: Electric Traction Motor Market Breakdown, by Application

9.3.1.9 Ukraine: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.9.1 Ukraine: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.9.2 Ukraine: Electric Traction Motor Market Breakdown, by Application

9.3.1.10 Czech Republic: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.10.1 Czech Republic: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.10.2 Czech Republic: Electric Traction Motor Market Breakdown, by Application

9.3.1.11 Slovakia: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.11.1 Slovakia: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.11.2 Slovakia: Electric Traction Motor Market Breakdown, by Application

9.3.1.12 Bulgaria: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.12.1 Bulgaria: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.12.2 Bulgaria: Electric Traction Motor Market Breakdown, by Application

9.3.1.13 Italy: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.13.1 Italy: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.13.2 Italy: Electric Traction Motor Market Breakdown, by Application

9.3.1.14 Luxembourg: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.14.1 Luxembourg: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.14.2 Luxembourg: Electric Traction Motor Market Breakdown, by Application

9.3.1.15 Germany: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.15.1 Germany: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.15.2 Germany: Electric Traction Motor Market Breakdown, by Application

9.3.1.16 Switzerland: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.16.1 Switzerland: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.16.2 Switzerland: Electric Traction Motor Market Breakdown, by Application

9.3.1.17 France: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.17.1 France: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.17.2 France: Electric Traction Motor Market Breakdown, by Application

9.3.1.18 Netherlands: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.18.1 Netherlands: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.18.2 Netherlands: Electric Traction Motor Market Breakdown, by Application

9.3.1.19 Norway: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.19.1 Norway: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.19.2 Norway: Electric Traction Motor Market Breakdown, by Application

9.3.1.20 Portugal: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.20.1 Portugal: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.20.2 Portugal: Electric Traction Motor Market Breakdown, by Application

9.3.1.21 Spain: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.21.1 Spain: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.21.2 Spain: Electric Traction Motor Market Breakdown, by Application

9.3.1.22 Sweden: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.22.1 Sweden: Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.22.2 Sweden: Electric Traction Motor Market Breakdown, by Application

9.3.1.23 United Kingdom : Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.3.1.23.1 United Kingdom : Electric Traction Motor Market Breakdown, by Power Rating
9.3.1.23.2 United Kingdom : Electric Traction Motor Market Breakdown, by Application

9.4 Asia-Pacific

9.4.1 Electric Traction Motor Market Breakdown, by Key Country, 2026 and 2033 (%)
9.4.1.1 Electric Traction Motor Market – Revenue and Forecast Analysis – by Country
9.4.1.1 Australia: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.1.1 Australia: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.1.2 Australia: Electric Traction Motor Market Breakdown, by Application

9.4.1.2 China: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.2.1 China: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.2.2 China: Electric Traction Motor Market Breakdown, by Application

9.4.1.3 India: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.3.1 India: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.3.2 India: Electric Traction Motor Market Breakdown, by Application

9.4.1.4 Japan: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.4.1 Japan: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.4.2 Japan: Electric Traction Motor Market Breakdown, by Application

9.4.1.5 South Korea: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.5.1 South Korea: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.5.2 South Korea: Electric Traction Motor Market Breakdown, by Application

9.4.1.6 Indonesia: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.6.1 Indonesia: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.6.2 Indonesia: Electric Traction Motor Market Breakdown, by Application

9.4.1.7 Malaysia: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.7.1 Malaysia: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.7.2 Malaysia: Electric Traction Motor Market Breakdown, by Application

9.4.1.8 Philippines: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.8.1 Philippines: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.8.2 Philippines: Electric Traction Motor Market Breakdown, by Application

9.4.1.9 Singapore: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.9.1 Singapore: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.9.2 Singapore: Electric Traction Motor Market Breakdown, by Application

9.4.1.10 Thailand: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.10.1 Thailand: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.10.2 Thailand: Electric Traction Motor Market Breakdown, by Application

9.4.1.11 Vietnam: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.11.1 Vietnam: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.11.2 Vietnam: Electric Traction Motor Market Breakdown, by Application

9.4.1.12 Bangladesh: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.12.1 Bangladesh: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.12.2 Bangladesh: Electric Traction Motor Market Breakdown, by Application

9.4.1.13 New Zealand: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.13.1 New Zealand: Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.13.2 New Zealand: Electric Traction Motor Market Breakdown, by Application

9.4.1.14 Taiwan : Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.4.1.14.1 Taiwan : Electric Traction Motor Market Breakdown, by Power Rating
9.4.1.14.2 Taiwan : Electric Traction Motor Market Breakdown, by Application

9.5 South and Central America

9.5.1 Electric Traction Motor Market Breakdown, by Key Country, 2026 and 2033 (%)
9.5.1.1 Electric Traction Motor Market – Revenue and Forecast Analysis – by Country
9.5.1.1 Brazil: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.5.1.1.1 Brazil: Electric Traction Motor Market Breakdown, by Power Rating
9.5.1.1.2 Brazil: Electric Traction Motor Market Breakdown, by Application

9.5.1.2 Argentina: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.5.1.2.1 Argentina: Electric Traction Motor Market Breakdown, by Power Rating
9.5.1.2.2 Argentina: Electric Traction Motor Market Breakdown, by Application

9.5.1.3 Peru: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.5.1.3.1 Peru: Electric Traction Motor Market Breakdown, by Power Rating
9.5.1.3.2 Peru: Electric Traction Motor Market Breakdown, by Application

9.5.1.4 Chile: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.5.1.4.1 Chile: Electric Traction Motor Market Breakdown, by Power Rating
9.5.1.4.2 Chile: Electric Traction Motor Market Breakdown, by Application

9.5.1.5 Colombia : Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.5.1.5.1 Colombia : Electric Traction Motor Market Breakdown, by Power Rating
9.5.1.5.2 Colombia : Electric Traction Motor Market Breakdown, by Application

9.6 Middle East and Africa

9.6.1 Electric Traction Motor Market Breakdown, by Key Country, 2026 and 2033 (%)
9.6.1.1 Electric Traction Motor Market – Revenue and Forecast Analysis – by Country
9.6.1.1 Bahrain: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.1.1 Bahrain: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.1.2 Bahrain: Electric Traction Motor Market Breakdown, by Application

9.6.1.2 Kuwait: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.2.1 Kuwait: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.2.2 Kuwait: Electric Traction Motor Market Breakdown, by Application

9.6.1.3 Oman: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.3.1 Oman: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.3.2 Oman: Electric Traction Motor Market Breakdown, by Application

9.6.1.4 Qatar: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.4.1 Qatar: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.4.2 Qatar: Electric Traction Motor Market Breakdown, by Application

9.6.1.5 Saudi Arabia: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.5.1 Saudi Arabia: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.5.2 Saudi Arabia: Electric Traction Motor Market Breakdown, by Application

9.6.1.6 United Arab Emirates: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.6.1 United Arab Emirates: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.6.2 United Arab Emirates: Electric Traction Motor Market Breakdown, by Application

9.6.1.7 Turkiye: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.7.1 Turkiye: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.7.2 Turkiye: Electric Traction Motor Market Breakdown, by Application

9.6.1.8 South Africa: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.8.1 South Africa: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.8.2 South Africa: Electric Traction Motor Market Breakdown, by Application

9.6.1.9 Egypt: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.9.1 Egypt: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.9.2 Egypt: Electric Traction Motor Market Breakdown, by Application

9.6.1.10 Algeria: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.10.1 Algeria: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.10.2 Algeria: Electric Traction Motor Market Breakdown, by Application

9.6.1.11 Nigeria: Electric Traction Motor Market – Revenue and Forecast to 2033 (US$ Billion)

9.6.1.11.1 Nigeria: Electric Traction Motor Market Breakdown, by Power Rating
9.6.1.11.2 Nigeria: Electric Traction Motor Market Breakdown, by Application

10. Competitive Landscape

10.1 Heat Map Analysis

10.2 Company Positioning and Concentration

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Partnerships and Collaborations

11.4 Other Developments

12. Company Profiles

12.1 ABB Ltd.

12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments

12.2 Robert Bosch GmbH

12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments

12.3 Siemens AG

12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments

12.4 Nidec Corporation

12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments

12.5 Toshiba Corporation

12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments

12.6 CRRC Corporation Limited

12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments

12.7 Alstom SA

12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments

12.8 Traktionssysteme Austria GmbH

12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments

12.9 CG Power and Industrial Solutions Ltd.

12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments

12.10 Mitsubishi Electric Corporation

12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix

13.1 About Business Market Insights

13.2 List of Abbreviations

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