Automotive Traction Motor Market Landscape: A Deep Dive into Market...

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2025-05-05 12:39:35 -

Automotive Traction Motor Market Landscape: A Deep Dive into Market Share, Trends, and Growth Prospects

Market Overview According to the research report, the global automotive traction motor market was valued at USD 5.67 billion in 2021 and is expected to reach USD 32.40 billion by 2030, to grow at a CAGR of 22.5% during the forecast period. The traction motor market is segmented based on motor type (AC induction, permanent magnet synchronous, and others), vehicle type (passenger,...

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