Automotive Micromotor Market Size and Forecast Analysis 2030

The global Automotive Micromotor Market size is predicted to reach USD 23.47 billion by 2030 with a CAGR of 6.2%.

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The growing adoption of electric vehicles propels the automotive micromotor market growth due to the increasing demand for high-efficiency, compact, and lightweight motor solutions in EV components.

Asia-Pacific dominates the automotive micromotor market share is expected to maintain its dominance in the industry due to the booming EV industry in the region leading to increased sales volume.