Electric Vehicle Boom Driving $52 Billion Electric Motor Core Market Through 2030
• Electric Motor Core Market revenue to hit $52.71 billion by 2030, with 11.4% CAGR from 2023-2030 • Growth driven by rising electric vehicle demand and shift to lightweight, efficient cores • Plastics dominating material type segment due to lightweight and cost-effective properties • Aerospace and defense leading end-use industry category given technology investments • Key players focused on product innovation, partnerships, acquisitions to expand market presence