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Railway Traction Motor Market Size, Share, Growth, Industry Trends 2023-2028 | #automotive

Railway Traction Motor Market Size, Share, Growth, Industry Trends 2023-2028

Railway Traction Motor Market Size, Share, Growth, Industry Trends 2023-2028

The global railway traction motor market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.