In-Wheel Motor Market to Surge at 40.5% CAGR, Reaching USD 17.28 Bn by 2030

In Wheel Motor Market Overview

The total global market for the “ In Wheel Motor Market” was valued at USD in 2023 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2030. The report analyzed by Maximize Market Research, on the In Wheel Motor market, covers an extensive regional analysis and competitive landscape.

One kind of EV (electric vehicle) propulsion technology is the in-wheel motor. Conventional EVs are built with an electric motor in place of the petrol engine. In contrast, the In-wheel motor EV directly powers the wheels by positioning motors right next to each driving wheel. An advantage of electric vehicles (EVs) is their high accelerator responsiveness; additionally, the in-wheel motor, which controls the left and right wheels independently, brings the car’s behaviour closer to the steering. The car automatically moves in the direction the driver wants it to when they accelerate or turn.More packaging space on the vehicle platform is one of the main advantages of in-wheel motors. The capacity to incorporate new car designs and retrofits

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In Wheel Motor Market Report Scope and Research Methodology

The report on the In Wheel Motor market includes extensive information on market overview, divisions, current situation, trends, opportunities, challenges, supply chain, competition analysis, profiles of In Wheel Motor companies, trade data, etc. It offers a thorough analysis of different segments, Key players, 5 main regions, subdivisions of major countries, and occasionally end users, channel, technology, and other customized details prior to placing an order.

The In Wheel Motor market is divided based on segment-wise analysis. Regional analysis of the In Wheel Motor market conducted at local, regional and global levels. The report also provides information on the emerging regions that are expected to be major markets for the In Wheel Motor market. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the In Wheel Motor market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the In Wheel Motor Market.

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In Wheel Motor Market Regional Insights

Regional analysis is conducted to assess the status of the In Wheel Motor market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The In Wheel Motor market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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In Wheel Motor Market Segmentation :

by Propulsion
BEV
FCEV
HEV
PHEV

In terms of propulsion, the hybrid electric vehicle (HEV) sector had the most market share in 2023—roughly xx%—and is anticipated to experience rapid growth going forward. Hybrid and plug-in electric vehicles run mostly on electricity, enhancing the efficiency of conventional car designs. Three categories can be used to group this new breed of automobiles, which are referred to as electric drive cars: plug-in hybrid electric vehicles (PHEVs), all-electric vehicles (EVs), and hybrid electric vehicles (HEVs).

by Vehicle Type
Passenger Car
Commercial Vehicle

by Motor Type
Axial Flux Motor
Radial Flux Motor

Higher torque density, improved heat removal, and a more compact design are just a few advantages that the axial flux machine has over the radial flux machine. These benefits are increased when the aspect ratio is reduced. Due to space constraints in different drive systems, one of the best options is thought to be the axial flux machine.

by Cooling Type
Air-cooled
Liquid-cooled

by Power Output Type
Up to 60 KW
60–90 KW
Above 90 KW

by Vehicle Class
Mid-priced
Luxury

The majority of EV producers are focussing on lowering weight, improving vehicle design, and extending overall driving range. EV manufacturers are able to guarantee improved power efficiency and maximum space utilisation by utilising in-wheel motors. EV manufacturers and Tier 1 organisations are not the only ones who are interested in improving the weight, driving range, spaciousness, and general handling of electric vehicles. Thus, throughout the duration of the projection period, the passenger car category would remain dominant.

by Motor Weight
Less than 20 Kg
20-30 Kg
Above 30 Kg

In Wheel Motor Market Key Players :

1. General Motors (US)
2. Tesla (US)
3. The Orbis Ring Drive Wheel (US)
4. ORBIS Wheels, Inc. (US)
5. BYD Motors LLC (US)
6. DANA TM4 INC. (Canada)
7. YASA Limited (UK)
8. PMW Dynamics (UK)
9. Protean Electric (UK)
10.ECOmove GmbH (Germany)
11.Bayerische Motoren Werke AG (Germany)
12.Volkswagen AG (Germany)
13.Schaeffler AG (Germany)
14.Ziehl-Abegg SE (Germany)
15.ELAPHE LTD. (Slovenia)

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Key questions answered in the In Wheel Motor Market are:

What is In Wheel Motor ?
What was the In Wheel Motor market size in ?
What is the growth rate of the In Wheel Motor Market?
Which are the factors expected to drive the In Wheel Motor market growth?
What are the different segments of the In Wheel Motor Market?
What growth strategies are the players considering to increase their presence in In Wheel Motor ?
What are the upcoming industry applications and trends for the In Wheel Motor Market?
What segments are covered in the In Wheel Motor Market?
Who are the leading companies and what are their portfolios in In Wheel Motor Market?
What segments are covered in the In Wheel Motor Market?
Who are the key players in the In Wheel Motor market?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by Different Segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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