Market Overview:
The global in-wheel electric motors market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for electric vehicles and rising awareness about environment-friendly technologies. The global in-wheel electric motors market is segmented on the basis of type, application, and region. On the basis of type, it is divided into outer rotor type in-wheel electric motors and inner rotor type in-wheel electric motors. Outer rotor type in-wheel electric motor dominates the market owing to its high efficiency and low cost as compared to other types of in-wheel electric motors. On the basis of application, it is classified into passenger vehicle, commercial vehicle, and other applications such as agricultural equipment, construction equipment etc. Passenger vehicles are expected to dominate the market duringthe forecast period owingtoincreasing demand forelectric vehicles acrossthe globe.
Product Definition:
In-wheel electric motors are a type of electric motor that is mounted inside the wheel of a vehicle. They are used to power electric vehicles and are becoming increasingly popular due to their high efficiency and small size. In-wheel electric motors are important because they allow for the development of more efficient and smaller vehicles, which is necessary as transportation becomes increasingly electrified.
Outer Rotor Type In-wheel Electric Motors:
Outer rotor type in-wheel electric motors are used for driving the vehicle’s front wheel. It is a type of hub motor which is mounted on the outer rim of the wheel and has no permanent connection to any power source. The energy stored in this motor when spun, creates electricity which goes to power the front tire via chain-driven sprocket gears.
Inner Rotor Type In-wheel Electric Motors:
The inner rotor type in-wheel electric motors are used for driving the vehicle’s drivetrain. The design of these motors is such that they have a stator windings around the rotor which poles are facing outwards resulting in an electromagnetic attraction. A small current flows through this attraction causing the motor to rotate.
Application Insights:
The other application segment includes heavy-duty vehicles, such as trucks and tractors. In terms of revenue, the commercial vehicle segment dominated the global in-wheel electric motors market with a share of over 40% in 2017. The growth can be attributed to increasing government funding and subsidies for promoting electric vehicles across various countries worldwide. For instance, in March 2018, the Government of India announced ¢â‚¬Å“Housing for all by 2022 and 100 smart cities by 2019 through ¢â‚¬²Infiniti Electric Vehicles (EV) & Hybrid Electric Vehicles (HEV).¢â‚¬ under its Electrification Mission program that will provide financial assistance up to USD 15,000 for purchasing an EV or HEV.
Passenger vehicle is expected to be the fastest growing application segment from 2018 to 2030 owing to rising demand from developing countries such as China.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for electric vehicles on account of rising concerns regarding air pollution, greenhouse gas emissions, and safety. Countries such as China and Japan are anticipated to lead the regional market owing to government initiatives favoring electric vehicles along with growing consumer awareness about these cars’ benefits.
The European region accounted for a significant share in terms of revenue generation owing to various government policies promoting clean energy vehicle adoption across countries such as France, Germany, Italy, Spain among others. Moreover, stringent regulations imposed by organizations like ULEMCA (International Union for Conservation of Nature) about reducing carbon footprint from transportation sector are expected to drive demand for battery-operated motors across Europe during the forecast period.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for in-wheel electric motors, as they are used in most electric vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the use of electric vehicles by providing various incentives such as subsidies and tax breaks. This is expected to drive the growth of the in-wheel electric motors market during the forecast period.
- Rising awareness about environment-friendly technologies: There is a growing awareness among consumers about environment-friendly technologies, which is driving their adoption worldwide. In-wheel electric motors are one such technology that helps reduce emissions from automobiles, making them more environmentally friendly. This is likely to boost demand for these motors during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
In-wheel Electric Motors Market Research Report
By Type
Outer Rotor Type In-wheel Electric Motors, Inner Rotor Type In-wheel Electric Motors
By Application
Passenger Vehicle, Commercial Vehicle, Other
By Companies
Protean Electric, Elaphe, e-Traction, Ziehl-Abegg, Printed Motor Works, ECOmove
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global In-wheel Electric Motors Market Report Segments:
The global In-wheel Electric Motors market is segmented on the basis of:
Types
Outer Rotor Type In-wheel Electric Motors, Inner Rotor Type In-wheel Electric Motors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Protean Electric
- Elaphe
- e-Traction
- Ziehl-Abegg
- Printed Motor Works
- ECOmove
Highlights of The In-wheel Electric Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Outer Rotor Type In-wheel Electric Motors
- Inner Rotor Type In-wheel Electric Motors
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the In-wheel Electric Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
In-wheel electric motors are a type of electric motor that is mounted inside the wheel itself. This type of motor is often used in small vehicles, such as motorcycles and bicycles, because it allows for a smaller overall size and lighter weight. In-wheel motors also tend to be more efficient than other types of electric motors, which means they produce less heat and require less energy to operate.
Some of the major companies in the in-wheel electric motors market are Protean Electric, Elaphe, e-Traction, Ziehl-Abegg, Printed Motor Works, ECOmove.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 In-wheel Electric Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 In-wheel Electric Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 In-wheel Electric Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the In-wheel Electric Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global In-wheel Electric Motors Market Size & Forecast, 2018-2028
4.5.1 In-wheel Electric Motors Market Size and Y-o-Y Growth
4.5.2 In-wheel Electric Motors Market Absolute $ Opportunity
Chapter 5 Global In-wheel Electric Motors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 In-wheel Electric Motors Market Size Forecast by Type
5.2.1 Outer Rotor Type In-wheel Electric Motors
5.2.2 Inner Rotor Type In-wheel Electric Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global In-wheel Electric Motors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 In-wheel Electric Motors Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global In-wheel Electric Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 In-wheel Electric Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America In-wheel Electric Motors Analysis and Forecast
9.1 Introduction
9.2 North America In-wheel Electric Motors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America In-wheel Electric Motors Market Size Forecast by Type
9.6.1 Outer Rotor Type In-wheel Electric Motors
9.6.2 Inner Rotor Type In-wheel Electric Motors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America In-wheel Electric Motors Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe In-wheel Electric Motors Analysis and Forecast
10.1 Introduction
10.2 Europe In-wheel Electric Motors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe In-wheel Electric Motors Market Size Forecast by Type
10.6.1 Outer Rotor Type In-wheel Electric Motors
10.6.2 Inner Rotor Type In-wheel Electric Motors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe In-wheel Electric Motors Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific In-wheel Electric Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific In-wheel Electric Motors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific In-wheel Electric Motors Market Size Forecast by Type
11.6.1 Outer Rotor Type In-wheel Electric Motors
11.6.2 Inner Rotor Type In-wheel Electric Motors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific In-wheel Electric Motors Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America In-wheel Electric Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America In-wheel Electric Motors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America In-wheel Electric Motors Market Size Forecast by Type
12.6.1 Outer Rotor Type In-wheel Electric Motors
12.6.2 Inner Rotor Type In-wheel Electric Motors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America In-wheel Electric Motors Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) In-wheel Electric Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) In-wheel Electric Motors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) In-wheel Electric Motors Market Size Forecast by Type
13.6.1 Outer Rotor Type In-wheel Electric Motors
13.6.2 Inner Rotor Type In-wheel Electric Motors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) In-wheel Electric Motors Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 In-wheel Electric Motors Market: Competitive Dashboard
14.2 Global In-wheel Electric Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Protean Electric
14.3.2 Elaphe
14.3.3 e-Traction
14.3.4 Ziehl-Abegg
14.3.5 Printed Motor Works
14.3.6 ECOmove
