Electric Motors for IC Engine Vehicles Market size was valued at USD 4.2 Billion in 2024 and is projected to reach USD 9.5 Billion by 2033, exhibiting a CAGR of 9.8% from 2026 to 2033.
The Malaysia Electric Motors for IC Engine Vehicles market is experiencing significant growth as the country shifts its focus towards sustainable mobility. With increasing environmental concerns, the demand for electric motors in internal combustion engine (ICE) vehicles is on the rise. This shift is driven by both governmental regulations and the automotive industry's need to innovate and reduce emissions. The Malaysian government has actively supported this transition by introducing various incentives and policies to encourage the adoption of electric vehicles (EVs), resulting in a surge in demand for electric motors for ICE vehicles.
One of the key drivers behind the growing demand for electric motors in the automotive sector is the rising interest in hybrid vehicles, which combine traditional internal combustion engines with electric motors. This trend is particularly significant in Malaysia, where automotive manufacturers are investing heavily in the production of hybrid and electric vehicles. The demand for electric motors, as part of hybrid systems, continues to rise as manufacturers seek to meet both fuel efficiency and environmental targets.
Industries such as automotive manufacturing, transportation, and logistics are also contributing to the increasing need for electric motors. As businesses aim to lower their carbon footprint and comply with stricter environmental regulations, they are looking to adopt electric-powered solutions, which directly impacts the Electric Motors for IC Engine Vehicles Market. The versatility and efficiency of electric motors make them an attractive choice for industries looking to reduce operating costs and energy consumption.
The demand for electric motors is not just limited to the passenger car segment but also extends to commercial vehicles. Electric-powered buses, trucks, and other utility vehicles are gaining popularity in Malaysia due to their lower operating costs and environmental benefits. As the country works toward achieving its climate goals, the role of electric motors in both passenger and commercial vehicles will continue to grow.
As industries increasingly focus on integrating hybrid and electric technologies, manufacturers in Malaysia are ramping up their production capabilities to meet this demand. The market for electric motors in the automotive sector is poised for continued expansion, driven by technological advancements and regulatory support. With the Malaysian government's commitment to fostering green technologies, the Electric Motors for IC Engine Vehicles market will remain a key sector to watch in the coming years.
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By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Electric Motors for IC Engine Vehicles Market
Brushless DC Motors
Permanent Magnet Synchronous Motors
Induction Motors
Switched Reluctance Motors
Low Voltage (up to 48V)
Medium Voltage (49V to 600V)
High Voltage (above 600V)
Below 50 kW
51 kW - 100 kW
101 kW - 200 kW
Above 200 kW
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
Air-Cooled Electric Motors
Liquid-Cooled Electric Motors
Oil-Cooled Electric Motors
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia Electric Motors for IC Engine Vehicles Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia Electric Motors for IC Engine Vehicles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Electric Motors for IC Engine Vehicles Market, By Type
6. Malaysia Electric Motors for IC Engine Vehicles Market, By Application
7. Malaysia Electric Motors for IC Engine Vehicles Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Electric Motors for IC Engine Vehicles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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