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The electric motors for IC engine vehicles market size is forecast to increase by USD 223.8 million, at a CAGR of 5.6% between 2023 and 2028. The market is experiencing significant growth due to several key trends. One of the primary factors driving market growth is the increasing adoption of power window systems in vehicles, which require electric motors for operation. Additionally, automakers are increasingly producing in-house electric motors to reduce dependence on external suppliers and improve production efficiency. Stringent fuel emission and fuel efficiency regulations are also pushing the automotive industry towards the use of electric motors to meet regulatory requirements and offer more eco-friendly transportation options. These trends are expected to continue, leading to significant growth in the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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