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2026-07-13 11:22:03 -

Global Automotive Traction Motor Market: Key Drivers Fueling Industry Expansion

Market Summary The global automotive traction motor market is undergoing transformative expansion as the automotive industry accelerates its shift toward electrification. Valued at USD 5.67 billion in 2021, the market is projected to reach USD 32.40 billion by 2030, registering a robust CAGR of 22.5% during the forecast period, according to Polaris Market Research. Automotive...

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