Electric Bus Traction Motors Market

By Power Ratin;

Below 200 Kilowatt (kw), 200 – 400 Kilowatt (kw), and Above 400 Kilowatt (kw)

By Type;

Alternating Current (AC) and Direct Current (DC)

By Vehicle;

Pickups Trucks, Medium & Heavy-Duty Trucks, Vans, and Buses

By Transmission;

Single-Speed Drive and Multi-Speed Drive

By Design;

Radial Flux and Axial Flux

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn446369172 Published Date: August, 2025 Updated Date: September, 2025

Electric Bus Traction Motors Market Overview

Electric Bus Traction Motor Market (USD Million)

Electric Bus Traction Motor Market was valued at USD 607.26 million in the year 2024. The size of this market is expected to increase to USD 854.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.


Electric Bus Traction Motors Market

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 607.26 Million
Market Size (2031)USD 854.47 Million
Market ConcentrationMedium
Report Pages344
607.26
2024
854.47
2031

Major Players

  • Siemens AG
  • ABB Ltd.
  • Robert Bosch GmbH
  • Toshiba Corporation
  • BYD Company Limited
  • CRRC Corporation Limited
  • Yaskawa Electric Corporation
  • Zhuzhou CRRC Times Electric Co., Ltd.
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Electric Bus Traction Motors Market

Fragmented - Highly competitive market without dominant players


The Electric Bus Traction Motors Market is gaining strong momentum with rising emphasis on eco-friendly transit solutions. Over 40% of urban fleets are now moving toward electric buses, supported by traction motors that ensure high efficiency and reduced carbon footprint. This evolution is positioning traction motors as a critical enabler of clean transportation.

Electrification Driving Market Expansion
The growing shift to electric propulsion is fueling traction motor adoption across bus networks. Nearly 35% of newly introduced buses utilize electric traction systems that deliver superior torque output and efficient power utilization. This change reflects the growing dependence on sustainable transportation systems within the public mobility sector.

Technological Innovations in Motors
Rapid advancements in motor engineering are accelerating market growth. Close to 50% of innovations are dedicated to optimizing power density, improving cooling mechanisms, and reducing overall weight. These enhancements not only increase operational durability but also lower energy consumption, driving higher efficiency in electric bus performance.

Smart and Connected Motor Solutions
The integration of digital intelligence is transforming traction motor applications. Around 30% of new models come with smart sensors and predictive analytics that enable real-time monitoring and enhanced safety controls. These intelligent solutions deliver better operational reliability while reducing downtime, strengthening the market’s growth prospects.

Future Growth Potential
The electric bus traction motors market is on a robust growth path, supported by rising innovation and strategic industry collaborations. Over 45% of manufacturers are investing in advanced solutions to meet increasing demand. With sustainability and technology at its core, the sector is expected to maintain a strong and consistent expansion trajectory.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Power Ratin
    2. Market Snapshot, By Type
    3. Market Snapshot, By Vehicle
    4. Market Snapshot, By Transmission
    5. Market Snapshot, By Design
    6. Market Snapshot, By Region
  4. Electric Bus Traction Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental regulations favoring electric transportation
        2. Growing awareness of climate change and air pollution
        3. Advancements in electric vehicle technology driving
      2. Restraints
        1. High initial costs of electric buses compared to traditional buses
        2. Limited charging infrastructure in many regions
        3. Limited charging infrastructure and range anxiety
      3. Opportunities
        1. Government incentives and subsidies
        2. Technological advancements reducing costs
        3. Improving efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Electric Bus Traction Motor Market, By Power Ratin, 2021 - 2031 (USD Million)
      1. Below 200 Kilowatt (kw)
      2. 200 – 400 Kilowatt (kw)
      3. Above 400 Kilowatt (kw)
    2. Electric Bus Traction Motor Market, By Type, 2021 - 2031 (USD Million)
      1. Alternating Current (AC)
      2. Direct Current (DC)
    3. Electric Bus Traction Motor Market, By Vehicle, 2021 - 2031 (USD Million)

      1. Pickups Trucks

      2. Medium & Heavy-Duty Trucks

      3. Vans

      4. Buses

    4. Electric Bus Traction Motor Market, By Transmission, 2021 - 2031 (USD Million)

      1. Single-Speed Drive

      2. Multi-Speed Drive

    5. Electric Bus Traction Motor Market, By Design, 2021 - 2031 (USD Million)

      1. Radial Flux

      2. Axial Flux

    6. Electric Bus Traction Motor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd
      2. Siemens AG
      3. General Electric Company
      4. Kirloskar Electric Company Ltd
      5. CG Power & Industrial Solutions Ltd
      6. CRRC Corporation Limited
      7. Alstom SA
      8. Toshiba Corporation
      9. Nidec Corporation
      10. WEG SA
      11. Mitsubishi Electric Corporation
      12. Robert Bosch GmbH
      13. Hitachi Ltd
      14. TECO Electric & Machinery Co. Ltd
      15. Bharat Heavy Electricals Limited (BHEL)
  7. Analyst Views
  8. Future Outlook of the Market