The global automotive traction motor market, valued at $3.26 billion in 2020, is projected to grow to $32.28 billion by 2028, at a compound annual growth rate (CAGR) of 33.04% from 2021 to 2028. This significant growth is driven by various macro and microeconomic factors, including rising demand for high-performance motors and supportive government policies and subsidies.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Type (AC, DC)
By Application (Railways, Electric Vehicle, Others)
Key players
ABB
American Traction Systems
Hitachi
Hyundai Rotem
CRRC
Mitsubishi
Siemens
Skoda
Toshiba
Wabtec
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