The electric motor market size was valued at USD 167.73 billion in 2024 and is expected to hit around USD 341.72 billion by 2034, growing at a CAGR of 7.38% from 2025 to 2034.| www.precedenceresearch.com
The commercial vehicles market size is estimated to surpass around USD 910.05 billion by 2034, increasing from USD 553.65 billion in 2024, at a CAGR of 5.20%.| www.precedenceresearch.com