Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market: Reporting And Evaluation Of Recent Industry Developments 2018 - 2026
According to a new market research report titled Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market , published by Transparency Market Research , the global electric hub drive and electric propulsion system market is expected to reach US$ 103.04 Mn by 2026, expanding at a CAGR of 6.8% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at about 7.6% through 2026. Tracked type of military vehicle is anticipated to significantly drive the global electric hub drive market across Middle East & Africa. Rise in demand for tracked type of military vehicles The global electric hub drive and electric propulsion system market shows significant growth due to its increasing adoption in military combat vehicles. This is majorly due to requireme...