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, 2021–2026.
The in-wheel motor is mounted on the wheel to power the wheel directly. It is primarily used in an electric vehicle drivetrain system to supply torque to its associated tire and generates more power to enhance the efficiency of a vehicle. As generated power goes directly to the wheel from the motor, thus in-wheel motor enhances electric vehicle performance. In the coming years, in-wheel motor is expected to replace drive shaft, transmission, and differential.
For more than a decade, manufacturers have been taking hard efforts to develop something innovative in tire technology and the in-wheel motor is one of their achievements. The in-wheel motor market is expected to witness significant growth during the forecast period due to ongoing headwinds for diesel technology, increasing customer interest in EVs, and growing demand for increased performance, driving range, reliability, and provision for improved electric vehicle performance.
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The Major Manufacturers Covered in this Report:
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. and more...
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
By Vehicle Type
By Motor Type
Axial Flux Motor
Radial Flux Motor
By Cooling Type
By Power Output Type
Up to 60 KW
Above 90 KW
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Additionally, the analysis also delivers a comprehensive review of the crucial players on the In-Wheel Motor Market along with their company profiles, SWOT analysis, latest advancement and business plans.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the In-Wheel Motor Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the In-Wheel Motor Market sub-markets, depending on key regions (various vital states).
To analyze the Global In-Wheel Motor Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global In-Wheel Motor Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global In-Wheel Motor Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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