Automotive Traction Motor Market to Grow at a CAGR of 33.7%
The global Automotive Traction Motor Market is projected to grow at a CAGR of 33.7% from USD 4.1 billion in 2021 to USD 17.3 billion by 2026. High demand of electric passenger and commercial vehilces as well as improving high performance of motors will be driving the growth of automotive traction motor market.
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