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 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 in-wheel motor market. Global auto manufacturers are investing heavily on developing green technology in order to comply with the strict emission norms which will continue to bolster the growth of 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, high cost of installing battery in electric motor vehicles is also negatively impacting the demand for in-wheel motors.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the 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. Last step involves complete market engineering which includes analysing 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 faster and 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.
In-Wheel Motor Market has been analyzed through following segments:
By Motor Type
Axial Flux Motor
Radial Flux Motor
Full Battery-Operated Vehicle
Fuel Cell-Powered Electric Vehicle
By Vehicle Type
Middle East And Africa
Key insights offered
What will be the In-Wheel Motor market size from 2017 to 2023?
How are the major drivers and restraints affecting the In-Wheel Motor market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour.
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
All our studies come with 2 months of analyst support.
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