The global automotive motor market was valued at $38.7 billion in 2023 and is projected to experience substantial growth, reaching $56.9 billion by 2030. This expansion is driven by a Compound Annual Growth Rate (CAGR) of 5.7% from 2024 to 2030. A key driver for this increase in demand is the growing sales of vehicles, particularly electric variants. Automobiles utilize various electric motors to power numerous functionalities, including essential components like power win
The global automotive exhaust systems market was valued at approximately USD 46.53 billion in 2022 and is projected to reach USD 82.06 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030. The demand for automotive exhaust systems is directly linked to production and sales volumes. An increase in the sales of passenger cars and commercial vehicles across both developed and emerging economies is driving global demand for automotive exha
