In-wheel Motor Market: 60-90 KW Output Power Motors Estimated to be the Most Lucrative || key Player: Protean Electric (US), Elaphe (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), NTN (Japan)

Fact.MR offers a 9-year forecast for the In-wheel motor market between 2018 and 2027. Regarding value, the market is predicted to witness a CAGR of 30.04% during the forecast period (2018–2027). The primary objective of the report is to offer insights on the progressions in the global In-wheel motor market. The study caters market dynamics that are assumed to influence the current environment and future status of the In-wheel motor market over the forecast period. The primary objective of this report is to offer updates on trends, drivers, restraints, value forecasts and opportunities for manufacturers working in the In-wheel motor market. A section of the report discusses how the overall competition in the market is steadily increasing. It examines various factors that are shaping internal as well as external competition in the market. The in-wheel motor market is expected to grow at a stable pace shortly. Moreover, positive outlook of the automobile industry and steady growth in electric vehicles across developing economies are projected to build robust growth opportunities in the in-wheel motor market.

With increasing global penetration of electric vehicles across the world has led the rising demand for electric mobility. The in-wheel motor market is directly proportional to the sales of electric vehicles across the world. Also, rising demand for simplicity and efficiency of electric vehicles has led adoption of autonomous technologies to the electric mobility. Provisions for more spacious vehicles and reduced weight of vehicle coupled with rising awareness for emission control has also influenced in-wheel motor market towards considerable growth in the forecast period.

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The In-wheel motor for battery electric vehicles is projected to be the most prominent propulsion segment in the global In-wheel motor market, growing at a significant CAGR of 29.5% during the forecast period. This rising demand for electric mobility among consumers coupled with rising awareness for gasoline and diesel emissions has led in-wheel motor market towards significant growth. The factor that is driving the demand for In-wheel motor is reducing motor weight which controls four wheel centrally and increasing provisions for spaces in the electric vehicles. The use of in wheel motor application is growing at a relatively high pace as compared with other motors in the electric mobility industry.

The North America In-wheel motors market, include country-level analysis for the U.S. and Canada. The U.S In-wheel motors market is expected to grow at a CAGR of 29.9% over the forecast period. The HEV (Hybrid Electric Vehicle) segment enjoys dominant share by propulsion. The Latin America In-wheel motors market includes country-level analysis for Brazil, Mexico, and Rest of Latin America. Mexico is the largest market in Latin America with an increasing demand for electric mobility and owing to the fact the In-wheel motors market is expected to expand at a significant CAGR of 46.1% over the forecast period.

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The Europe In-wheel motors market include country-level analysis for EU – 4 (Germany, Italy, France, Spain), UK, Nordic, Eastern Europe and Rest of Europe. The positive outlook automotive industry is one of the vital driver creating the demand for in-wheel motors in Europe In-wheel motors market. EU – 4 and Eastern Europe account for a significant market share in the Europe in-wheel motors. The EU-4 In-wheel motors market is anticipated to expand at a CAGR of 25.7% having maximum market share during the forecast period.

The report on In-wheel motor market begins with an executive overview in which a product definition is provided. The report further proceeds with taxonomy of In-wheel motor market elaborate on the key segments. Also, the report outlines visionary insights on dynamics of In-wheel motor market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for In-wheel motor.

In this report, we have discussed individual strategies followed by leading in-wheel motors manufacturers, in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

Key players operating in the global market for In-wheel motors, include Protean Electric (US), Elaphe (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), NTN (Japan), and others.

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