Automotive Motor Market Demand to Escalate Noticeably Worth $49.07 Billion By 2025 “The global automotive motor market size is projected to reach USD 49.07 billion by 2025 and registering CAGR of 6.7% over the forecast period from 2019 to 2025. Automotive industry is gaining traction due to technological advancement to cater to rapidly changing consumer preferences.”
Global Automotive Motor Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The Automotive motor Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Automotive motor Business, Market Share of Product, Application and Regional Scope of Automotive motor which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making. The global automotive motor market size is projected to reach USD 49.07 billion by 2025 and registering CAGR of 6.7% over the forecast period from 2019 to 2025. Automotive industry is gaining traction due to technological advancement to cater to rapidly changing consumer preferences. Automotive OEMs are focusing on developing efficient motors. Moreover, rising need for energy efficient vehicles is fuelling the demand for highly efficient and better performance motor. In addition, stringent government rules for fuel emission have resulted in developing lightweight automobile components without losing structural strength and performance of components. Growing adoption of electric vehicles coupled with growth of automotive industry is projected to drive the automotive motor demand over the forecast period. These motors are widely used for internal/external comfort control systems, sunroof systems, safety systems, powertrain systems and car chassis. Currently they are used for automated doors, wipers, adjustable mirrors, massage seats and sunroof systems, thereby increasing usage of motors for various applications will drive the market growth across the globe.
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