Global Automotive Micro Motors Market Assessment, By Technology [Brushed DC Motors, Brushless DC Motors], By Type [AC, DC], By Power Consumption [Less than 12V, 12V-24V, 25V-48V, More than 48], By Application [Passenger Vehicles, Commercial Vehicles], By Region, Opportunities and Forecast, 2017-2031F

Automotive Micro Motor Market is projected to witness a CAGR of 5.78% during the forecast period 2024-2031, growing from USD 15.2 billion in 2023 to USD 23.82 billion in 2031.

Automotive Micro Motor Market - Size, Growth & Industry 2031

Global Automotive Micro Motors Market Assessment, Opportunities and Forecast, 2017-2031F

The major factors influencing global automotive micro motors market growth are the rise in people’s preference for luxury cars and the government’s strict regulations to support electric vehicles. 

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