In-Wheel Motor Market: Sizing Up the Future with Share & Trend Analysis

Market Overview

The report reveals that he global In-Wheel Motor Market, valued at USD 931.87 Million in 2022, is poised for significant growth, projected to reach USD 16.41 Billion by 2031, exhibiting a robust CAGR of 37.54% during the forecast period (2023-2031).

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Key Market Trends Driving Growth

  • Rising demand for electric vehicles (EVs): The escalating global adoption of EVs, driven by environmental concerns and government incentives, is a primary driver of the In-Wheel Motor market.
  • Enhanced vehicle performance: In-wheel motors offer superior vehicle dynamics, including improved acceleration, handling, and stability, making them highly attractive for high-performance vehicles.
  • Space optimization: By integrating motors within the wheels, in-wheel motor technology eliminates the need for bulky drivetrains, freeing up valuable space in the vehicle.
  • Regenerative braking: In-wheel motors facilitate efficient energy recovery through regenerative braking, enhancing the overall range and efficiency of EVs.

Market Segmentation

The In-Wheel Motor Market is segmented based on:

  • Propulsion: BEV, FCEV, HEV, PHEV
  • Vehicle Type: Passenger Cars, Commercial Vehicles
  • Vehicle Class: Mid-priced, Luxury
  • Motor Type: Axial Flux Motor, Radial Flux Motor
  • Cooling Type: Air Cooling, Liquid Cooling
  • Power Output: Up to 60 KW, 60-90 KW, Above 90 KW

Market Segmentation: https://straitsresearch.com/report/in-wheel-motor-market/segmentation

Key Players in the In-Wheel Motor Market

  • Protean Electric
  • Elaphe (Slovenia)
  • ZIEHL-ABEGG
  • Printed Motor Works
  • NTN
  • E-TRACTION
  • TM4
  • ECOmove
  • NSK
  • TAJIMA EV
  • Schaeffler
  • BMW
  • Nissan
  • Volkswagen
  • Daimler
  • Tesla
  • Chevy
  • Nissan
  • General Motors
  • Ford
  • Volvo
  • Mitsubishi Motors
  • Toyota
  • Honda
  • Hyundai

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