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Japan Electric Vehicle Motor Market Share, Size, Growth, Analysis, Forecast: By Type: AC Motor, DC Motor; By Vehicle Type: Battery Electric Vehicle, Plugin Electric Vehicle; By Application: Passenger Cars, Commercial Vehicles; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Japan Electric Vehicle Motor Market Outlook

The Japan electric vehicle motor market is expected to grow at a CAGR of 21.1% between 2023 and 2028. The market is being driven by the rising demand for electric vehicles to fulfil passenger and commercial needs.

 

Key Trends in the Market

An electric vehicle motor is defined as a vehicle which runs on electricity. An electric vehicle motor consists of an electric motor which extracts electricity from a battery and powers the vehicle. The electric vehicle motor can be in the form of an AC motor or a DC motor. These vehicles are rechargeable and can be charged using a power cable or a hydrogen fuel cell. 

 

  • The growing transition from conventional internal combustion vehicles towards electric and plugin electric vehicles, owing to the increasing prices of fuel and growing awareness pertaining to environment pollution, is driving the Japan electric vehicle motor market size expansion.
  • The favourable policies of the Japanese government, aimed towards reducing the carbon footprint and greenhouse emission, are likely to escalate the sale of these vehicles in the forecast period.
  • The rising brand awareness, inflating per capita income, strong automotive infrastructure, and growing working population in the country are some of the crucial Japan electric vehicle motor market trends. As more of the Japanese population become aware of the advantages of electric vehicles over traditional, they are likelier to invest in electric vehicles in the coming years.

 

Opportunities and Challenges

The decarbonisation trend in Japan is likely to offer lucrative opportunities to the electric vehicle motor market in Japan by increasing the sale of commercial electric vehicles for delivery and transportation services. In addition, the increasing domestic demand for commodities and gadgets are fuelling the need for commercial vehicles for transportation purposes. This is, in turn, anticipated to heighten the incorporation of electric vehicles in the commercial sector of Japan. 

 

The growing efforts and research and development activities by the major automotive manufacturers in the country, targeted towards reviving and relaunching the electrified versions of the existing conventional cars are likely to boost the Japan electric vehicle motor market share in the coming years. 

 

However, the shortage of lithium-ion batteries may pose a challenge to the electric vehicle motor market in Japan. 

 

Market Analysis

Based on type, the market can be segmented into AC motor and DC motor. On the basis of vehicle type, the market can be classified into battery electric vehicle and plugin electric vehicle. By application, the market has been segmented into passenger cars and commercial vehicles. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Japan electric vehicle motor market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Wolong Holding Group Co.,Ltd.
  • Johnson Electric Holdings Limited
  • DENSO Corporation
  • ABB Ltd
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Others

 

Market Share by Vehicle Type

The battery electric vehicle segment, based on vehicle type, accounts for a healthy share of the electric vehicle motor market in Japan. Battery electric vehicles are free from gearboxes, noise-free, emission-free, easy to drive, lightweight, tax efficient, and have a low cost of maintenance. The on-going advancements in battery technology aimed towards improving the travel range of the vehicles after a full charge while reducing the weight to enhance the customer experience of driving, are further aiding the segment’s growth. Meanwhile, the increase in demand for plugin electric vehicles is expected in the forecast period as it aids the gas engine, leading to an improved efficiency of the vehicle and Japan electric vehicle motor market growth.

 

Market Share by Application

Based on application, the passenger cars segment accounts for a significant share in the electric vehicle motor market in Japan. The strong foothold of leading EV manufacturers in the country is supporting the demand for advanced electric vehicles such as MAZDA SEDAN X, and HYBRID X Honda SENSING, among others. The growing transition from traditional fuel-based to electric vehicles, owing to the increasing eco-friendly sentiments among Japanese population, are further propelling the demand for passenger electric vehicles, influencing the overall Japan electric vehicle motor market price. The increasing popularity of hybrid electric vehicles in Japan is further expected to push the adoption of these vehicles among the population.  

 

Competitive Landscape

Wolong Holding Group Co.,Ltd. is a leading motor manufacturing company based in Zhejiang, China. The company manufactures various types of motors, catering to the demands of railway, automotive, and urban rail sectors. Wolong Holding Group Co.,Ltd. has around 54 subsidiaries and it also provides expertise in the field of electric vehicles. 

 

Johnson Electric Holdings Limited is a leading automotive company which provides motors, actuators, motion subsystems, electro-mechanical components, and medical equipment, among others. The company was founded in the year 1959 and is currently headquartered in Shatin, Hong Kong. Johnson Electric Holdings Limited also has manufacturing facilities across 22 countries, supporting its extended reach. 

 

DENSO Corporation is a global automotive manufacturer which provides various automotive technologies, systems, and products. The product portfolio of DENSO Corporation includes air conditioning systems, radiators, and alternators, among others. The company was established in the year 1949 and is currently headquartered in Kariya, Aichi, Japan.  

 

Other market players include ABB Ltd, Mitsubishi Electric Corporation, and Robert Bosch GmbH, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment:

  • Type
  • Vehicle Type
  • Application
Breakup by Type
  • AC Motor
  • DC Motor
Breakup by Vehicle Type
  • Battery Electric Vehicle
  • Plugin Electric Vehicle
Breakup by Application
  • Passenger Cars
  • Commercial Vehicles
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Wolong Holding Group Co.,Ltd.
  • Johnson Electric Holdings Limited
  • DENSO Corporation
  • ABB Ltd
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Japan Electric Vehicle Motor Market Analysis

    8.1    Key Industry Highlights
    8.2    Japan Electric Vehicle Motor Historical Market (2018-2022) 
    8.3    Japan Electric Vehicle Motor Market Forecast (2023-2028)
    8.4    Japan Electric Vehicle Motor Market by Type
        8.4.1    AC Motor
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    DC Motor
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Japan Electric Vehicle Motor Market by Vehicle Type
        8.5.1    Battery Electric Vehicle
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Plugin Electric Vehicle
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Japan Electric Vehicle Motor Market by Application
        8.6.1    Passenger Cars
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Commercial Vehicles
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    Key indicators for Demand
    9.4    Key indicators for Price
10    Competitive Landscape
    10.1    Market Structure
    10.2    Company Profiles
        10.2.1    Wolong Holding Group Co.,Ltd.
            10.2.1.1    Company Overview
            10.2.1.2    Product Portfolio
            10.2.1.3    Demographic Reach and Achievements
            10.2.1.4    Certifications
        10.2.2    Johnson Electric Holdings Limited
            10.2.2.1    Company Overview
            10.2.2.2    Product Portfolio
            10.2.2.3    Demographic Reach and Achievements
            10.2.2.4    Certifications
        10.2.3    DENSO Corporation
            10.2.3.1    Company Overview
            10.2.3.2    Product Portfolio
            10.2.3.3    Demographic Reach and Achievements
            10.2.3.4    Certifications
        10.2.4    ABB Ltd
            10.2.4.1    Company Overview
            10.2.4.2    Product Portfolio
            10.2.4.3    Demographic Reach and Achievements
            10.2.4.4    Certifications
        10.2.5    Mitsubishi Electric Corporation
            10.2.5.1    Company Overview
            10.2.5.2    Product Portfolio
            10.2.5.3    Demographic Reach and Achievements
            10.2.5.4    Certifications
        10.2.6    Robert Bosch GmbH
            10.2.6.1    Company Overview
            10.2.6.2    Product Portfolio
            10.2.6.3    Demographic Reach and Achievements
            10.2.6.4    Certifications
        10.2.7    Others
11    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Japan Electric Vehicle Motor Market: Key Industry Highlights, 2018 and 2028
2.    Japan Electric Vehicle Motor Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Japan Electric Vehicle Motor Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Japan Electric Vehicle Motor Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
5.    Japan Electric Vehicle Motor Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
6.    Japan Electric Vehicle Motor Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Japan Electric Vehicle Motor Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Japan Electric Vehicle Motor Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 21.1% in the forecast period between 2023 and 2028.

The growing transition from conventional internal combustion vehicles towards electric and plugin electric vehicles, favourable policies of the government, and inflating per capita income, are the major drivers of the market.

The key trends in the market include the growing research and development activities by the major automotive manufacturers aimed towards relaunching and reviving electrified versions of the battery electric vehicles.

AC motor and DC motor are the different types included in the market.

Battery electric vehicle and plugin electric vehicle are the segments of the Japan electric vehicle motor market based on vehicle type.

Passenger cars and commercial vehicles are the different applications included in the market report.

Electric vehicle motors last for around 15 to 20 years.

Contact between the moving surfaces can lead to wear and tear of electric vehicle motors.

An electric vehicle motor can run for 30,000 to 40,000 hours over a lifetime.

Wolong Holding Group Co.,Ltd., Johnson Electric Holdings Limited, DENSO Corporation, ABB Ltd, Mitsubishi Electric Corporation, and Robert Bosch GmbH, among others, are the key market players, according to the report.

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