Global Business Directory of motoring companies who provide us with cars and keep us driving safe and maintaining our vehicles. There areabout 1.446 billion vehicles on Earth in 2021. About 21% of those vehicles are in the United States
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The global automotive motors market size is projected to grow from USD 20,321 million in 2020 to USD 25,719 million by 2025, at a CAGR of 4.8%. The advent of fuel efficient technology will have a significant impact on hybrid electric and battery electric vehicles, which, in turn, will drive the automotive motors market. The focus of automobile manufacturers has shifted from fuel efficiency, performance, driver safety, and stability of the vehicle to additional features such as vehicle connectivity and electrification of functions.