In-Wheel Motor Market to 2025 - Top Trends, Global Manufacturers, Industry Size, Applications, Opportunity and Forecast

North America is fastest growing in-wheel motor market for EVs, followed by Asia Pacific. North America is a regional hub for many renowned EV manufacturers, which are known for delivering quality and high-performance vehicles. OEMs in North America like Tesla and GM are focused on development of faster, cleaner, & high-performance electric vehicles. BMW, Nissan, Volkswagen, & Daimler are leading OEMs in US that have launched electric vehicles nationwide, resulting in large demand for in-wheel motors.

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The report will help In-wheel motor market leaders/new entrants provide the closest approximations of the revenue numbers of overall in-wheel motor market & its sub segments. This report will help stakeholders understand competitor landscape better & gain more insights to position their businesses and make suitable go-to-market strategies.

The report will help in-wheel motor market leaders/new entrants provide the closest approximations of the revenue numbers of the overall in-wheel motor market and its sub segments. This report will help stakeholders understand the competitor landscape better and gain more insights to position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.

The electric passenger car segment is estimated to be the largest of the global in-wheel motor market in 2018. The market growth of in-wheel motors can be attributed to factors such as improved fuel efficiency, high torque, increased power, and provision of better vehicle handling to both new and existing vehicles.

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Report provides a picture of in-wheel motor market, along with market details with respect to different regions and countries. It aims at estimating market size & future growth potential of market across different segments like by propulsion type, vehicle type, motor type, cooling type, power output type, & region.

Global in-wheel motor market estimated to grow from USD 322.8 million in 2018 at a CAGR of 35.02% to reach USD 2,641.1 by 2025. Government subsidies & tax rebates for electric vehicles, increased driving range, reliability, & improved vehicle performance are factors responsible for growth of in-wheel motor market.

The key market players profiled in the report are:
1 Protean Electric (US)
2Elaphe (Slovenia)
3 ZIEHL-ABEGG (Germany)
4 Printed Motor Works (UK)
5 NTN (Japan)
6 E-TRACTION (The Netherlands)
7 TM4 (Canada)
8 ECOmove (Germany)
9 NSK (Japan)
10 TAJIMA EV (Japan)
11 Schaeffler(Germany)

More Information on “In-Wheel Motor Market by Propulsion (BEV, HEV, PHEV, and FCEV), Vehicle (PC and CV), Motor (Axial Flux and Radial Flux), Cooling (Air and Liquid), Power Output (Up to 60 KW, 60–90 KW, and Above 90 Kw), and Region - Global Forecast to 2025” report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1641120 .

“Availability of government support such as subsidies and tax rebates for electric vehicles, eliminating the need for the driveshaft and better torque control has driven the demand for in-wheel motor globally.”

Target Audience
1 EV components manufacturers
2 In-wheel motor manufacturers
3 EV distributors and retailers
4 EV manufacturers

The increasing support from governments in China, Japan France, Norway and the US, and the OEM’s efforts to improve the existing EVs models are expected to drive the sales of electric vehicles Passenger Cars (PCs) during the forecast period, which in turn would boost the demand for in-wheel motors for passenger cars.

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This release was published on openPR.