MEXICO EV TRACTION MOTOR MARKET

INTRODUCTION

Traction motors for electric vehicles are those that are propelled by the electric charge that serves as the engine's main source of propulsion.

In equipment like conveyors, roller coasters, elevators, and other engines where a certain level of torque is necessary, electric vehicle traction motor engines are primarily employed.

The market for electric vehicle traction motors is expected to develop mainly due to an increase in the use of electric cars. It is anticipated that increased investment in electric vehicles by key automotive firms would spur market expansion.

In addition, it is anticipated that strict government regulations and the growing cost of fossil fuels would propel the demand for electric car traction motors.

MEXICO EV TRACTION MOTOR MARKET SIZE AND FORECAST

The Mexico EV Traction Motor Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

MARKET DYNAMICS

To expand its presence in the North American market, Posco International is constructing a facility in Mexico to manufacture traction motor cores, a crucial component of electric cars.

Electric cars are propelled by traction motors, the heart of which is a solid piece of magnetic steel. Ramos Arizpe, Coahuila, which is home to several international automakers and part manufacturers, will be the location of Posco International's motor core facility.

A strategic reaction to the American government's objective for environmentally friendly mobility, the investment is made in North America, the world's largest market for electric vehicles.

In order to produce electric vehicles, General Motors has started upgrading its Ramos Arizpe, Mexico, facility. There will be no auto manufacturing throughout the changeover period, which will last six weeks.

To modernise manufacturing in this period, new production equipment like robots will be introduced.  When the first electric pre-series models will be put into production is unknown.

It has not yet been publicly announced which electric vehicles GM plans to produce in Ramos Arizpe. However, it is thought to be quite likely that Equinox will be electric. The fifth GM factory where the corporation is either manufacturing or intends to produce electric vehicles is in Ramos Arizpe.

COMPANY PROFILE

• General Motor
• Posco International
• ABB Limited
• Parker-Hannifin Corp.

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What is the average cost per Mexico EV Traction Motor Market right now and how will it change in the next 5-6 years? 
2. The average cost to set up an EV Traction Motor Market in Mexico?
3. How many Mexico EV Traction Motor Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a Mexico EV Traction Motor Market  and key vendor selection criteria
6. Where is the Mexico EV Traction Motor Market manufactured? What is the average margin per equipment?
7. Market share of Mexico EV Traction Motor Market manufacturers and their upcoming products
8. The most important planned Mexico EV Traction Motor Market  in the next 2 years
9. Details on a network of major Mexico EV Traction Motor Market and pricing plans
10. The cost advantage for OEMs who manufacture Mexico EV Traction Motor Market in-house
11. 5 key predictions for the next 5 years in Mexico EV Traction Motor Market
12. Average B-2-B Mexico EV Traction Motor Market price in all segments
13. Latest trends in Mexico EV Traction Motor Market, by every market segment
14. The market size (both volume and value) of Mexico EV Traction Motor Market in 2022-2027 and every year in between?
15. Global production breakup of Mexico EV Traction Motor Market, by suppliers and their OEM relationship