Market Overview:
The global in-wheel 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. In addition, government initiatives and regulations supporting the adoption of electric vehicles are also contributing to the growth of this market. The global in-wheel motors market is segmented on the basis of type, application, and region. On the basis of type, it is divided into outer rotor type and inner rotor type. Outer rotor type accounted for a larger share than inner rotor type in 2017 owing to its advantages such as high power density and low noise levels. However, inner rotor type is expected to grow at a higher CAGR during 2018–2030 due its benefits such as high efficiency levels and compact size. On the basis of application, it is classified into passenger vehicle, commercial vehicle, and other applications including agricultural equipment & forklifts; construction equipment; golf carts; airport ground support equipment (GSE); material handling equipment (MHE); mining & quarrying equipments; recreational vehicles (RVs) & marine vessels; robots & drones; smart mobility devices etc.). Passenger vehicle held majority share in 2017 owing to increase in sales across developed countries such as UAS., Japan,, Germany,, France etc.
Product Definition:
An in-wheel motor is a type of electric motor that is mounted inside the wheel of a vehicle. In-wheel motors are used to power electric vehicles, such as cars, buses, and trains. They offer many advantages over traditional engine systems, including improved fuel economy, reduced emissions, and increased flexibility in design.
Outer Rotor Type:
Outer rotor type is the most widely used and preferred design in the market for In-wheel Motors. It has a large number of applications, which include electric vehicles (EV), hybrid electric vehicles (HEV), scooters, motorcycles, bicycle and others. The growth factor for this market is high demand from end-user industries such as transportation & logistics and construction among others.
Inner Rotor Type:
Inner rotor type is the part of electric motor which rotates and causes wheel to spin. It is responsible for providing torque or turning power to vehicle. Torque is a force that can be applied by an object around an axis and it depends on the rate of rotation. In automobiles, this device creates forward motion when paired with a driving wheel; otherwise known as epicyclic gear system or epicycle gear system (EGS).
Application Insights:
The other application segment includes electric power steering, electronic stability control, and engine immobilizer. The commercial vehicle segment dominated the global in-wheel motors market in 2017 owing to the high demand for heavy vehicles such as trucks, buses and tankers. In addition, factors such as increasing utilization of hybrid vehicles with integrated on-board computers that utilize electric power steering is expected to drive the product demand over the forecast period.
Passenger vehicle application is projected to witness significant growth over the forecast period due to rising adoption of advanced safety features including blind spot detection and rear cross traffic alert which are enabled by on-board sensors operated by these vehicles. Furthermore, introduction of advanced driver assistance systems (ADAS) coupled with growing government regulations regarding road safety are further anticipated to propel market growth during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in total revenue owing to high demand from countries such as China, India, Japan, and South Korea. Increasing penetration of electric vehicles across these countries is anticipated to drive regional growth over the coming years.
The European market was valued at USD X billion in 2017.
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 is primarily owing to the increasing concerns over environmental pollution and climate change. In-wheel motors offer several advantages over traditional systems, such as improved fuel efficiency, reduced emissions, and enhanced performance. These factors are likely to boost the adoption of in-wheel motors in electric vehicles, thereby driving the growth of the market.
- Rising demand for advanced mobility solutions: The automotive industry is undergoing a paradigm shift with respect to advanced mobility solutions such as autonomous driving and car sharing/ride hailing services. In-wheel motors offer several advantages over traditional systems in terms of performance and efficiency, which is why they are being increasingly adopted by OEMs for advanced mobility applications such as autonomous cars and shared transportation services. This is likely to drive the growth of the market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
In-wheel Motors Market Research Report
By Type
Outer Rotor Type, Inner Rotor Type
By Application
Passenger Vehicle, Commercial Vehicle, Other
By Companies
Protean Electric, Elaphe, e-Traction, ZIEHL-ABEGG
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global In-wheel Motors Market Report Segments:
The global In-wheel Motors market is segmented on the basis of:
Types
Outer Rotor Type, Inner Rotor Type
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
Highlights of The In-wheel 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
- Inner Rotor Type
- 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 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 motors are a type of electric motor that is mounted inside the wheel itself. They offer several advantages over traditional hub motors, including reduced weight and increased efficiency. In-wheel motors are also more compact than hub motors, which can make them easier to fit into smaller vehicles.
Some of the key players operating in the in-wheel motors market are Protean Electric, Elaphe, e-Traction, ZIEHL-ABEGG.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. In-wheel Motors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. In-wheel Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. In-wheel Motors Market - Supply Chain
4.5. Global In-wheel Motors Market Forecast
4.5.1. In-wheel Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. In-wheel Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. In-wheel Motors Market Absolute $ Opportunity
5. Global In-wheel Motors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. In-wheel Motors Market Size and Volume Forecast by Type
5.3.1. Outer Rotor Type
5.3.2. Inner Rotor Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global In-wheel Motors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. In-wheel Motors Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicle
6.3.2. Commercial Vehicle
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global In-wheel Motors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. In-wheel Motors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global In-wheel Motors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. In-wheel Motors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global In-wheel Motors Demand Share Forecast, 2019-2026
9. North America In-wheel Motors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America In-wheel Motors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America In-wheel Motors Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicle
9.4.2. Commercial Vehicle
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America In-wheel Motors Market Size and Volume Forecast by Type
9.7.1. Outer Rotor Type
9.7.2. Inner Rotor Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America In-wheel Motors Demand Share Forecast, 2019-2026
10. Latin America In-wheel Motors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America In-wheel Motors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America In-wheel Motors Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicle
10.4.2. Commercial Vehicle
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America In-wheel Motors Market Size and Volume Forecast by Type
10.7.1. Outer Rotor Type
10.7.2. Inner Rotor Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America In-wheel Motors Demand Share Forecast, 2019-2026
11. Europe In-wheel Motors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe In-wheel Motors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe In-wheel Motors Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicle
11.4.2. Commercial Vehicle
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe In-wheel Motors Market Size and Volume Forecast by Type
11.7.1. Outer Rotor Type
11.7.2. Inner Rotor Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenss/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe In-wheel Motors Demand Share, 2019-2026
12. Asia Pacific In-wheel Motors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific In-wheel Motors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific In-wheel Motors Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicle
12.4.2. Commercial Vehicle
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific In-wheel Motors Market Size and Volume Forecast by Type
12.7.1. Outer Rotor Type
12.7.2. Inner Rotor Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific In-wheel Motors Demand Share, 2019-2026
13. Middle East & Africa In-wheel Motors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa In-wheel Motors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa In-wheel Motors Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicle
13.4.2. Commercial Vehicle
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa In-wheel Motors Market Size and Volume Forecast by Type
13.7.1. Outer Rotor Type
13.7.2. Inner Rotor Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa In-wheel Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global In-wheel Motors Market: Market Share Analysis
14.2. In-wheel Motors Distributors and Customers
14.3. In-wheel Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Protean Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Elaphe
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. e-Traction
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ZIEHL-ABEGG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
