Traction Motors Market Trends Indicate USD 70.0 Billion by 2036

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2026-10-30 18:31:59 -

The global traction motors market is projected to grow from USD 20.6 billion in 2026 to USD 70.0 billion by 2036, registering a compound annual growth rate (CAGR) of 13.0% during the forecast period. Rising electrification across transportation, increasing adoption of hybrid vehicles, and investments in modern rail and automotive propulsion technologies are expected to support demand for...

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