Global Automotive Motor Core Market to Grow at 11.9% CAGR Through 2032
global Automotive Motor Core market was valued at USD 1,951 million in 2024 and is projected to reach USD 4,487 million by 2032, expanding at a robust CAGR of 11.9% during the forecast period (2025–2032). Market growth is strongly driven by the rapid global shift toward electric and hybrid vehicles, rising demand for high-efficiency drive motors, and continuous advancements in motor core materials and manufacturing technologies. Increasing EV production volumes, particularly in Asia-Pacific, and the need for lightweight, low-loss, and high-power-density motors are further accelerating demand.
global Automotive Motor Core market was valued at USD 1,951 million in 2024 and is projected to reach USD 4,487 million by 2032, expanding at a robust CAGR of 11.9% during the forecast period (2025–2032). Market growth is strongly driven by the rapid global shift toward electric and hybrid vehicles, rising demand for high-efficiency drive motors, and continuous advancements in motor core materials and manufacturing technologies. Increasing EV production volumes, particularly in Asia-Pacific, and the need for lightweight, low-loss, and high-power-density motors are further accelerating demand.
Global Automotive Motor Core Market to Grow at 11.9% CAGR Through 2032
global Automotive Motor Core market was valued at USD 1,951 million in 2024 and is projected to reach USD 4,487 million by 2032, expanding at a robust CAGR of 11.9% during the forecast period (2025–2032). Market growth is strongly driven by the rapid global shift toward electric and hybrid vehicles, rising demand for high-efficiency drive motors, and continuous advancements in motor core materials and manufacturing technologies. Increasing EV production volumes, particularly in Asia-Pacific, and the need for lightweight, low-loss, and high-power-density motors are further accelerating demand.
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