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Brahmayya Sunkesula 2019-08-29
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The analyst of the report estimates the global automotive motors market at $27.81 billion as of 2018 and projects the opportunities to swell at a notable compound annual growth rate (CAGR) of 8.69% during the forecast period of 2019 to 2025. The Automotive motors Market report covers Automotive Motors Market Size by Product and applications, Automotive motors Market share by top 5 companies and also the market share by start-ups during the forecast period. The report also documents that stringent government rules and regulations are being laid by the government across the globe for safety systems in vehicles, which is likely to further aid demand in the global automotive motors market in the future. Global Automotive Motors Market: Leading Segments APAC is gauged by the IndustryARC report to have led the global automotive market in terms of demand. In China, Japan, and South Korea, the growing demand for automotive motors and government regulations is driving growth in the automotive motors market. The OEM’s are undertaking increasing efforts and the government of China is developing and introducing electric vehicles on the road, particularly for public transport.
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Brahmayya Sunkesula 2019-08-29
img
The analyst of the report estimates the global automotive motors market at $27.81 billion as of 2018 and projects the opportunities to swell at a notable compound annual growth rate (CAGR) of 8.69% during the forecast period of 2019 to 2025. The Automotive motors Market report covers Automotive Motors Market Size by Product and applications, Automotive motors Market share by top 5 companies and also the market share by start-ups during the forecast period. The report also documents that stringent government rules and regulations are being laid by the government across the globe for safety systems in vehicles, which is likely to further aid demand in the global automotive motors market in the future. Global Automotive Motors Market: Leading Segments APAC is gauged by the IndustryARC report to have led the global automotive market in terms of demand. In China, Japan, and South Korea, the growing demand for automotive motors and government regulations is driving growth in the automotive motors market. The OEM’s are undertaking increasing efforts and the government of China is developing and introducing electric vehicles on the road, particularly for public transport.