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Latest Outlook of In-Wheel Motor Market Size 2021 | Industry Research, In-Depth Analysis of the COVID-19 Impact on Market and Regional Outlook by 2029 | Protean Electric, Elaphe (Slovenia), ZIEHL-ABEGG, Printed Motor Works, NTN, E-TRACTION, TM4, ECOmove
The research report studies the In-Wheel Motor market using different methodologies and analyses to offer accurate and in-depth information about the market. For a clearer understanding, it is allocated into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market.The global in-wheel motor market was valued at USD 260.4 million in 2018 and is projected to reach a value of USD 3145.72 million by 2026, registering a CAGR of 37.54% during the forecast period, 2019–2026.
In-wheel motor is integrated with wheel bearing and hub which provides flexibility to both fronts as well as a rear-wheel at low cost. It offers high torque, increased power, enhanced fuel efficiency, and better handling of both new and existing vehicles. Various government regulations, including incentives and tax rebates, are expected to fuel the adoption of electric vehicles, which in turn will fuel the growth of the in-wheel market in the coming years. On the flip side, high prices and high unsprung weight in the wheel are expected to restrain the growth of the in-wheel motor market to some extent.
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In-Wheel Motor Market Scope and Size:
The progress among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target industries.
The In-Wheel Motor market is segmented on the basis of :
By Propulsion: BEV, FCEV, HEV, PHEV Magnesium, Others
By Vehicle Type: Passenger Cars, Commercial Vehicles
By Motor Type: Axial Flux Motor, Radial Flux Motor
By Cooling Type: Air Cooling, Liquid Cooling.
The global In-Wheel Motor market report offers geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The In-Wheel Motor market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa.
The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
What Strategies are the Key Vendors Adopting for Growing their Share in the In-Wheel Motor Market?
The classification of competition in the In-Wheel Motor market is collapsed and there is a presence of a large number of vendors in the market. Different companies hold competitive and ever-evolving strategies to succeed in the market and stay ahead of other industries.
The ever-rising demand inspires them to be innovative and economical to stand out from the rivalry and make themselves different from the competition.
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COVID-19 Impact Analysis
The COVID-19 pandemic had a significant impact on the on-trade segment and Industry.
Manufacturers are understanding strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation and so on.
The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic. However, the global In-Wheel Motor industry is expected to stabilize after 2021 year.
Report Scope:
The global In-Wheel Motor market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers a study on regional and country-wise market dynamics. The scope of the industry also covers a competitive overview providing company market shares along with company profiles for major revenue contributing firms.
The report scope includes a detailed competitive outlook covering market shares and profiles of key participants in the global In-Wheel Motor market share.
Major industry vendors with significant revenue share include 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, and Hyundai.
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Strong Reasons to Purchase this Custom Report:
Comprehensive analysis of the market growth drivers, key Restraints, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures with top firms.
Identifies market key restraints and boosters to help grow the market.
Identifies all the possible segments present in the industry to aid organizations in strategic business planning in the future.
Table of Contents of the Report:
Chapter 3 In-Wheel Motor Market Insights
3.1 Industry Segmentation
3.2 Industry Landscape, 2017 - 2029
3.3 Industry Impact Forces
3.3.1 Growth Drivers
3.3.2 Industry Drawbacks & Challenges
3.4 Growth Potential Analysis
3.4.1 By Propulsion
3.4.2 By Vehicle Type
3.4.3 By Motor Type
3.4.4 By Cooling Type
3.5 COVID-19 Impact Analysis
3.6 Regulatory Landscape
3.7 Porter's Analysis
3.8 Competitive Landscape, 2021
3.9 PESTEL Analysis
Browse Complete Table of Contents @ https://straitsresearch.com/report/in-wheel-motor-market/toc
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