$25+ Billion Worldwide Automotive Motors Industry to 2025 - Featuring Robert Bosch, Nidec & Siemens Among Others - ResearchAndMarkets.com
The global automotive motors market is projected to reach USD 25,719 million by 2025 from USD 20,321 million in 2020, at a CAGR of 4.8%.
- The global automotive motors market is projected to reach USD 25,719 million by 2025 from USD 20,321 million in 2020, at a CAGR of 4.8%.
- Increasing consumer focus on driving comfort will encourage OEMs to include more automotive motors for proper functioning.
- The automotive motors market is expected to grow proportionally to the regional automotive market.
- The leading market players such as Infineon, Cummins, Gates Corporation, and TI Automotive in the automotive motors market are based in the US.