Automotive Electric Motors Market to register high revenue growth at ~4.8% CAGR during 2019 - 2028
The recent market intelligence study by Future Market Insights elaborates the all in all perspective of the worldwide Automotive Electric Motors Market, from its historical growth through the future outlook. The report is scrutinized on the basis of product type, end use, region and market players. Each segment depicted based on market share, revenue, and demand prospect. Analysts at FMI find that the global Automotive Electric Motors Market reached a value of ~US$ 152 Bn by 2028 End and is anticipated to grow at CAGR of ~4.8% during the forecast period 2019-2028. The growth is primarily driven by increasing demand for Automotive Electric Motors among the consumers, better disposable income, and enhanced GDP in developing countries.
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