Traction Motor Market Report: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

The global traction motor market size was valued at USD 18.54 billion in 2023 and is projected to reach from USD 21.13 billion in 2024 to USD 59.81 billion by 2032, growing at a CAGR of 13.9% during the forecast period (2024–2032).