In-wheel Motor Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

$ PRICE - $ 3,000.00$ 8,900.00

In-wheel Motor Market By Product Type (Passenger Car and Commercial Vehicle), Propulsion Type (BEV, FCEV, HEV, and PHEV), Motor Type (Axial Flux Motor and Radial Flux Motor), Cooling Type (Air-cooled and Liquid-cooled), and Geography

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail
SKU: N/A Category:

Report

Description

In-wheel Motor Market size is expected to be valued at USD 892.6 million in 2022 and is poised to grow at a significant CAGR of 36.2% over 2022–2028. The in-wheel motor is an electric vehicle technology. Conventional electric vehicles are designed so that the gasoline engine is substituted with an electric motor. In the electric vehicle (EV), the motor is installed on each driving wheel to power the wheels directly. One major advantage of EVs is good accelerator responsiveness. It makes the car’s behavior more in tune with the steering. The vehicle moves naturally in the way the driver wants. The growing automotive sector and increasing demand for fuel-efficient vehicles are the major drivers in the global in-wheel motor market growth. Moreover, the growth of the in-wheel motor market is attributed to its advantages, such as increased driving range, reliability, and improved vehicle performance. Also, the increasing R&D expenses can provide lucrative opportunities for in-wheel motor manufacturers to increase the efficiency of a vehicle. The global manufacturers are focusing on developing an efficient in-wheel motor car system for future transport. The in-wheel motor market is directly connected to the electric vehicle market. The increasing awareness of pollution and awareness of sustainable solutions will drive the global in-wheel motor market growth. Based on the motor type, the global in-wheel motor market is segmented into axial flux motor and radial flux motor. The axial flux motor holds the major market share in 2022 and is expected to maintain the global in-wheel motor market growth in the upcoming years. However, the in-wheel motor’s biggest disadvantage is the heavy weight of the wheel, which decreases the ride quality and comfort. Hence, it can be the biggest restrain in the global in-wheel motor market growth. Geographically, Asia Specific holds the major market share in the global in-wheel motor market and is expected to dominate the global market in the forecasted years.

Key Developments:

In April 2022, Protean Electric partnered with Dongfeng Motor to advance market adoption of in-wheel motor technology.

In June 2022, Aptera Motors announced a deal worth several hundred million euros to source in-wheel electric motors from Elaphe.

In-wheel Motor Market

MARKET SUMMARY
-
36.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 36.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

In-wheel Motor Market

  • The in-wheel motor market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The in-wheel motor market is segmented based on product type, propulsion type, motor type, cooling type and geography.
Key Players
  • Protean Electric
  • Elaphe Ltd.
  • Printed Motor Works
  • ZIEHL-ABEGG
  • NTN Corporation
In-wheel Motor Market Dynamics

The increasing penetration of electrical vehicles globally will drive the in-wheel motor market. The market for electric cars is growing significantly due to awareness about pollution, and people are shifting towards a sustainable solution. Global EV sales are increasing day by day. The government regulations supporting long-range, zero-emission vehicles through subsidies & tax rebates are the influencers that force the manufacturers to provide electric cars around the world. Hence, this will drive the global market.


Global Got Significant Share

In-wheel Motor Market

Based on regions, the market share is divided into North America, Asia-pacific, Europe, and the Middle East, and the African region. The in-wheel motor market in the Asia Pacific will likely hold a significant revenue share in the upcoming years. In the following years, it is predicted to increase rapidly due to rapid growth in electric vehicle sales across countries like India, Japan, etc. Europe also holds a major market share in 2022 and is expected to maintain the trend due to the emerging in-wheel motor market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
In-wheel Motor Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The in-wheel motor market is projected to expand at a CAGR of 36.2% during the forecast period

Protean Electric, Elaphe Ltd., Printed Motor Works, ZIEHL-ABEGG, NTN Corporation, Schaeffler, Ford Motor Company, Volkswagen, Nissan Motor Corporation, Bayerische Motoren Werke AG, BYD Auto Co.

 

Global is the fastest-growing region for in-wheel motor market


Report

Table Of Content

1. Executive Summary
2. Global In-wheel Motor Market Introduction
2.1. Global In-wheel Motor Market – Taxonomy
2.2. Global In-wheel Motor Market –Definitions
2.2.1. By Product Type
2.2.2. By Propulsion Type
2.2.3. By Motor Type
2.2.4. By Cooling Type
2.2.5. By Region
3. Global In-wheel Motor Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global In-wheel Motor Market Dynamic Factors – Impact Analysis
3.6. Global In-wheel Motor Market – Competition Landscape
3.7. Epidemiology
4. Global In-wheel Motor Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global In-wheel Motor Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Passenger Car
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Commercial Vehicle
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global In-wheel Motor Market, By Propulsion Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. BEV
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. FCEV
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. HEV
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. PHEV
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global In-wheel Motor Market, By Motor Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Axial Flux Motor
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Radial Flux Motor
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global In-wheel Motor Market, By Cooling Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Air-cooled
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Liquid-cooled
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global In-wheel Motor Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global In-wheel Motor Market – Opportunity Analysis Index, By Product Type, By Propulsion Type, By Motor Type, By Cooling Type, and Region, 2022-2028
10. North America In-wheel Motor Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Passenger Car
10.1.2. Commercial Vehicle
10.2. Propulsion Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. BEV
10.2.2. FCEV
10.2.3. HEV
10.2.4. PHEV
10.3. Motor Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Axial Flux Motor
10.3.2. Radial Flux Motor
10.4. Cooling Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Air-cooled
10.4.2. Liquid-cooled
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America In-wheel Motor Market – Opportunity Analysis Index, By Product Type, By Propulsion Type, By Motor Type, By Cooling Type, and Country, 2022-2028
10.7. North America In-wheel Motor Market Dynamics – Trends
11. Europe In-wheel Motor Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Passenger Car
11.1.2. Commercial Vehicle
11.2. Propulsion Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. BEV
11.2.2. FCEV
11.2.3. HEV
11.2.4. PHEV
11.3. Motor Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Axial Flux Motor
11.3.2. Radial Flux Motor
11.4. Cooling Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Air-cooled
11.4.2. Liquid-cooled
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe In-wheel Motor Market – Opportunity Analysis Index, By Product Type, By Propulsion Type, By Motor Type, By Cooling Type, and Country, 2022-2028
11.7. Europe In-wheel Motor Market Dynamics – Trends
12. Asia-Pacific In-wheel Motor Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Passenger Car
12.1.2. Commercial Vehicle
12.2. Propulsion Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. BEV
12.2.2. FCEV
12.2.3. HEV
12.2.4. PHEV
12.3. Motor Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Axial Flux Motor
12.3.2. Radial Flux Motor
12.4. Cooling Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Air-cooled
12.4.2. Liquid-cooled
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific In-wheel Motor Market – Opportunity Analysis Index, By Product Type, By Propulsion Type, By Motor Type, By Cooling Type, and Country, 2022-2028
12.7. Asia-Pacific In-wheel Motor Market Dynamics – Trends
13. Latin America In-wheel Motor Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Passenger Car
13.1.2. Commercial Vehicle
13.2. Propulsion Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. BEV
13.2.2. FCEV
13.2.3. HEV
13.2.4. PHEV
13.3. Motor Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Axial Flux Motor
13.3.2. Radial Flux Motor
13.4. Cooling Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Air-cooled
13.4.2. Liquid-cooled
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America In-wheel Motor Market – Opportunity Analysis Index, By Product Type, By Propulsion Type, By Motor Type, By Cooling Type, and Country, 2022-2028
13.7. Latin America In-wheel Motor Market Dynamics – Trends
14. Middle East and Africa In-wheel Motor Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Passenger Car
14.1.2. Commercial Vehicle
14.2. Propulsion Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. BEV
14.2.2. FCEV
14.2.3. HEV
14.2.4. PHEV
14.3. Motor Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. Axial Flux Motor
14.3.2. Radial Flux Motor
14.4. Cooling Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.4.1. Air-cooled
14.4.2. Liquid-cooled
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA In-wheel Motor Market – Opportunity Analysis Index, By Product Type, By Propulsion Type, By Motor Type, By Cooling Type, and Country, 2022-2028
14.7. MEA In-wheel Motor Market Dynamics – Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Protean Electric
15.2.2. Elaphe Ltd.
15.2.3. Printed Motor Works
15.2.4. ZIEHL-ABEGG
15.2.5. NTN Corporation
15.2.6. Schaeffler
15.2.7. Ford Motor Company
15.2.8. Volkswagen
15.2.9. Nissan Motor Corporation
15.2.10. Bayerische Motoren Werke AG
15.2.11. BYD Auto Co.
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Protean Electric
  • Elaphe Ltd.
  • Printed Motor Works
  • ZIEHL-ABEGG
  • NTN Corporation
  • Schaeffler
  • Ford Motor Company
  • Volkswagen
  • Nissan Motor Corporation
  • Bayerische Motoren Werke AG
  • BYD Auto Co.

Description

In-wheel Motor Market size is expected to be valued at USD 892.6 million in 2022 and is poised to grow at a significant CAGR of 36.2% over 2022–2028. The in-wheel motor is an electric vehicle technology. Conventional electric vehicles are designed so that the gasoline engine is substituted with an electric motor. In the electric vehicle (EV), the motor is installed on each driving wheel to power the wheels directly. One major advantage of EVs is good accelerator responsiveness. It makes the car’s behavior more in tune with the steering. The vehicle moves naturally in the way the driver wants. The growing automotive sector and increasing demand for fuel-efficient vehicles are the major drivers in the global in-wheel motor market growth. Moreover, the growth of the in-wheel motor market is attributed to its advantages, such as increased driving range, reliability, and improved vehicle performance. Also, the increasing R&D expenses can provide lucrative opportunities for in-wheel motor manufacturers to increase the efficiency of a vehicle. The global manufacturers are focusing on developing an efficient in-wheel motor car system for future transport. The in-wheel motor market is directly connected to the electric vehicle market. The increasing awareness of pollution and awareness of sustainable solutions will drive the global in-wheel motor market growth. Based on the motor type, the global in-wheel motor market is segmented into axial flux motor and radial flux motor. The axial flux motor holds the major market share in 2022 and is expected to maintain the global in-wheel motor market growth in the upcoming years. However, the in-wheel motor’s biggest disadvantage is the heavy weight of the wheel, which decreases the ride quality and comfort. Hence, it can be the biggest restrain in the global in-wheel motor market growth. Geographically, Asia Specific holds the major market share in the global in-wheel motor market and is expected to dominate the global market in the forecasted years.

Key Developments:

In April 2022, Protean Electric partnered with Dongfeng Motor to advance market adoption of in-wheel motor technology.

In June 2022, Aptera Motors announced a deal worth several hundred million euros to source in-wheel electric motors from Elaphe.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX