Automotive Motors Market is segmented by product type, vehicle type, electrical vehicle type, application, and geography. Safety Motor sub-segment is expected to gain the largest market share in the forecast period. Increasing awareness about safety features and increased mandatory installation of features such as anti-lock braking systems (ABS) and airbags is expected to fuel the safety motor sub-segment growth.
Automotive Motors Market is segmented by product type, vehicle type, electrical vehicle type, application, and geography. Safety Motor sub-segment is expected to gain the largest market share in the forecast period. Increasing awareness about safety features and increased mandatory installation of features such as anti-lock braking systems (ABS) and airbags is expected to fuel the safety motor sub-segment growth.
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Automotive Motors Market- Global Industry Analysis and Forecast (2023-2029)
Automotive Motors Market size is expected to reach US$ 35.75 Bn. by 2029, at a CAGR of 6.5% during the forecast period.
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