global automotive motor market size was USD 35.20 billion in 2022 and is predicted to reach USD 44.75 billion in 2031, exhibiting at a CAGR of 7.8% during the forecast period.
An important economic factor, the automotive sector is on the cusp of new technological advancements. The car business is currently being driven by customers' need for expensive and unique features. The availability of skilled labor at reasonable prices, strong R&D facilities, and affordable steel production all contribute to the global success of the automobile industry. Over the past few...
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