Market Overview The electric traction motor market size was valued at USD 15.36 billion in 2024. The market is projected to grow from USD  17.12 billion in 2025 to USD  48.50 billion by 2034, exhibiting a CAGR of 12.3% from 2025 to 2034. The geriatric medicines market encompasses pharmaceuticals and therapeutic regimens specifically designed or commonly used to treat health...

A Traction Motor Industry is an electric motor used for the propulsion of electric vehicles (EVs) and railway rolling stock, including locomotives, trains, metros, and trams. These motors are the crucial component of the electric powertrain, converting electrical energy stored in batteries or drawn from overhead lines into mechanical rotational energy. The global traction motor market...