Automotive Motors Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031
Global automotive motors market was valued at $ 38.7 billion in 2022 and is likely to reach $ 61.4 billion by 2032, registering a CAGR of 4.5% over the forecast period of 2023-2032.
The automotive industry is undergoing a seismic shift, driven by the global push towards electrification and stringent emissions regulations.