Published by linker 5
Posted on February 19, 2021
4 min readLast updated: January 21, 2026
During the prediction era, Future Market Insights adopted a multidisciplinary approach to shed light on the success and progress of the Traction Motors Market. The study poses a profound plunge into the current growth dynamics and their major revenues of 2014, with key prospects over the forecast period 2015 to 2025.
The analysts at Future Market Insights have leveraged extensive rounds of critical and detailed secondary research to arrive at different Traction Motors Market forecasts and predictions, both national and international levels. They have utilized various industry-wide unmistakable business merge estimations, figures, and market information into income assessments and projections in the Traction Motors Market.
Impact of COVID-19 on Industrial Automation Market
COVID-19 pandemic has caused a severe impact on the global economy at various levels and the impact is seen on the Industrial automation market as well. This thriving sector is expected to offset a sharp decline in sales during the lockdown when the manufacturing units experienced shutdowns and a dearth in raw materials supply and absence of human resources. Inferable from the emergency brought about by the pandemic, the production, and supply chain activities have experienced a minor slump. However, the market is expected to gradually recover post-COVID-19, which will present attractive opportunities for sales within various regions of the world in the coming years.
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Key Players
Expanding the product portfolio by enhancing the existing range of traction motors will be observed as the key strategy by manufacturers. Aisin, ABB, Alstom, General Electric, Continental, Mitsubishi, Magna International, and Toshiba, among others can be regarded as the leading companies in the global market for traction motors.
Market Segmentation & Regional Overview
The global market for traction motors is segmented on the basis of the applications and the end-users
On the basis of application, the market can be segmented into,
On the basis of end-users, the global traction motors market can be segmented into,
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