Automotive Traction Motor Market Size to Grow at 33.04% by 2028: ABB, American traction system, Hitachi to Contribute Significant Share
As per the report published by Evolve Business Intelligence, the global Automotive Traction Motor Market is expected to reach $32.28 Billion by 2028 growing at a CAGR of 33.04% from 2021 to 2028.
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- The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
- The companies operating in the Automotive Traction Motor market have been positively impacted due to the COVID-19 pandemic resulted in an increase in the growth of the market for 2020 and 2021.
The report provides a detailed analysis of the impact of COVID-19 coupled with End-user/Application/Industry Trend, and Preferences, Regulatory Framework/Government Policies, Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies, and Opportunity Window.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global Automotive Traction Motor market provides an in-depth analysis of key players which includes:
- American Traction Systems
- Hyundai Rotem
The global Automotive Traction Motor Market is segmented based on type, and application. On the basis of type, the market is segmented as AC, DC. Based on the application, the market is segmented as Railways, Electric Vehicle, Others.
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
- The Impact of COVID-19 on the global market
- What are the potential opportunities for new entrants in the global market
- What is the market Size and Forecast from 2020 to 2028?
- Key Players associated with the global Automotive Traction Motor Market
- Value Chain Analysis of Global Automotive Traction Motor Market
- What is the CAGR of the global Automotive Traction Motor Market from 2021 to 2028
- Major Growth Factor, Challenges, Trends, and Opportunities in the global market
- Key outcomes of SWOT Analysis
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