Automotive Motors Market to Garner $36.66 Bn, Globally, by 2027 at 6.5% CAGR: Allied Market Research
Surge in demand for safety and convenience-related features, high demand for electric vehicles, and stringent safety regulations of governments drive the growth of the global automotive motors market. PORTLAND, Ore., Feb. 9, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Automotive Motors Market by Type (DC brushed motors, Brushless DC motors, Stepper motors, and Traction motors), Vehicle Type (Two-wheelers, Electric Two-wheelers, Passenger cars, Light commercial vehicles (LCVs), Heavy commercial vehicles (HCVs), BEV, PHEV, and HEV), Function (Performance, Comfort & Convenience, and Safety & Security), Technology (PWM, DTC, and others), and by Application (Alternator, ETC, Electric parking break, Sun roof motor, Fuel pump motor, ECM, Wiper motor, Engine cooling fan, HVAC, VVT, EGR, Starter motor, Anti-lock brake system, EPS, PLG, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the…
