In-Wheel Motor Market Size, Share, Opportunities, And Trends By Motor Type (Axial Flux Motor, Radial Flux Motor), By Application (Hybrid Vehicle, Full Battery-Operated Vehicle, Fuel Cell-Powered Electric Vehicle), By Vehicle Type (Passenger Car, Commercial Vehicle), And By Geography - Forecasts From 2019 To 2024

In-Wheel Motor market will witness a CAGR of XX% during the forecast period, reaching a total market size of US$XX billion in 2023 from US$XX billion in 2017. In-wheel electric motor allows the power to go straight from the motor to the wheel which leads to improved vehicle performance. Stringent regulations regarding greenhouse gas emissions worldwide are leading to a paradigm shift towards the adoption of zero-emission electric vehicles. This, in turn, is significantly driving the demand for in-wheel motors globally. Supportive government policies and initiatives including subsidies and tax rebates on the purchase of electric vehicles are also contributing to the growth of the in-wheel motor market. Global auto manufacturers are investing heavily in developing green technology in order to comply with the strict emission norms which will continue to bolster the growth of the in-wheel motor market during the forecast period. However, in-wheel motor increases the unsprung weight in the wheel which is restraining its market growth. Furthermore, the high cost of installing batteries in electric motor vehicles is also negatively impacting the demand for in-wheel motors.

This research study examines the current market trends related to demand, supply, and sales, in addition to recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the in-wheel motor value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the market.

Major industry players profiled as part of the report are Protean Electric, Elaphe Ltd, NTN, Tajima Motors, Eco Move, Mitsubishi Motors, PML Flightlink, and Ziehl-Abegg among many others.

Segmentation

In-Wheel Motor Market has been analyzed through the following segments:

• By Motor Type

• Axial Flux Motor 
• Radial Flux Motor

• By Application

• Hybrid Vehicle
• Full Battery-Operated Vehicle
• Fuel Cell-Powered Electric Vehicle

• By Vehicle Type

• Passenger Car
• Commercial Vehicle

• By Geography

• North America

• USA
• Canada
• Mexico
• Others

• South America

• Brazil
• Argentina
• Others

• Europe

• Germany
• France
• United Kingdom
• Others

• Middle East And Africa

• UAE
• Saudi Arabia
• Others

• Asia Pacific

• Japan
• China
• India
• South Korea
• Others