Automotive Motors Market Trends, Size and Forecast to 2030
The Global Automotive Motors Market size was valued at USD 32 billion in 2021 and is expected to reach USD 50 billion in 2030 at a CAGR of 7% from 2021 to 2030.Over the last few years, there has been a steady increase in the use of electric motors in automobiles. It is projected that increased focus on designing and manufacturing processes that are more efficient would lead to better products with more demand.