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2026-10-30 18:31:59 -

Traction Motors Market Trends Indicate USD 70.0 Billion by 2036

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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