Vehicle Motors Summary
The global Vehicle Motors market will reach Volume Million USD in 2019 and with a CAGR xx% between 2020-2026.
automotive motor faces an issue of having to be replaced after certain intervals of time due to prolonged use. This is anticipated to hamper the growth of the automotive motor market during the forecast period. Increasing efforts are being undertaken by both OEMs (original equipment manufacturers) and governments of various countries across the world to develop and introduce electric vehicles on the road. Electric vehicles require less number of motors for their operation.
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Middle East & Africa
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