Theglobal in-wheel motors market size will develop at a 32.31%CAGR between the forecast period 2022- 2030, according to the new Market
Research Future (MRFR) analysis. In-wheel motors are a form of electric vehicle
driven system. The motors are mounted on the wheel directly to energize the
wheel directly via supplying the torque to the associated tires.
Variousfactors are propelling the global in-wheel motors market share. According to
the recent MRFR market estimates, such factors include innovations in vehicle
development, latest vehicle dynamics, autonomous driving, advances in-wheel
motor technology, rising production of electric cars, increasing penetration in
EVs, increasing environmental awareness such as noise and air pollution,
degradation of naturally occurring resources, and global warming, stringent
emission regulations, the growing popularity of energy-efficient products, and
implementation to reduce vehicle weight by deducting the space that the
machines occupy.
On thecontrary, an increase in unsprung weight in wheel, high price, complex speed
wheel, and the on-going COVID-19 pandemic are factors that may deter the global
in-wheel motors market growth in the region.
In-wheelMotors Market Key Players
- Schaeffler AG (Germany)
- Nissan Motors Corporation (Japan)
- Tesla (US)
- e-Traction B.V. (Netherlands)
- Printed Motors Works (UK)
- ZIEHL-ABEGG (Germany)
- Elaphe Ltd (Slovenia)
- NTN Corporation (Japan)
- Protean Electric (US)
- ECOmove GmbH (Germany)
In-wheelMotors Market Segmentation
The MRFR reporthighlights an inclusive segmental analysis of the global in-wheel motors market
based on cooling type, vehicle type, power output, and motor type.
By motortype, the global in-wheel motors market is segmented into outer rotor type and
inner rotor type.
By poweroutput, the global in-wheel motors market is segmented into above 90 KW, 50-90
KW, and up to 50 KW.
Byvehicle type, the global in-wheel motors market is segmented into heavy
commercial vehicles, light commercial vehicles, and passenger cars. Of these,
the passenger cars segment will lead the market over the forecast period.
Bycooling type, the global in-wheel motors market is segmented into liquid
cooling and air cooling.
In-wheelMotors Market Regional Analysis
Byregion, the in-wheel electric motors market covers the growth opportunity and
recent trends across Europe, North America, the Asia Pacific (APAC), & the
Middle East and Africa (MEA). Of these, Europe will have the lion's share in
the market over the forecast period. Investments by top vehicle OEMs, and
stringent emission norms and regulations are adding to the global in-wheel
electric motors market growth in the region.
In theAPAC region, the in-wheel electric motors marketsize ispredicted to have healthy growth over the forecast period. Favorable government
incentives and schemes, rising sales of electric cars, significant production
of electric cars in Japan, China, and India, and the growing need for
cost-effective and efficient alternatives for conventional cars are adding to
the global in-wheel electric motors market growth in the region.
In NorthAmerica, the in-wheel electric motors market is predicted to have sound growth
over the forecast period. Adoption of advanced technologies to make efficient
and lightweight cars, rising investments by OEMs in the research and
development department to make in-wheel motors free from dirt and shocks, and
capability to improve car efficiency to eliminate mechanical components and
reduce wear and tear are adding to the global in-wheel electric motors market
growth in the region.
In theRest of the World, the in-wheel electric motors market is predicted to haveadmirable growth over the forecast period.
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