openPR Logo
Press release

Top Factor Driving In-Wheel Motor Market Growth in 2025: Rising Demand For Electric Vehicles Fuels Growth Of In-Wheel Motor Market

03-20-2025 12:20 PM CET | Logistics & Transport

Press release from: The Business Research Company

In-Wheel Motor

In-Wheel Motor

What market dynamics are playing a key role in accelerating the growth of the in-wheel motor market?
The increasing demand for electric vehicles is expected to drive the growth of the in-wheel motor market. Electric vehicles (EVs) are gaining popularity due to environmental concerns, fuel savings, and infrastructure improvements. In-wheel motors provide efficient propulsion systems in EVs, offering design flexibility and performance improvements. For example, in March 2023, the International Energy Agency reported that electric car sales surpassed 10 million in 2022, with electric vehicles making up 14% of new car sales. This demand for EVs is driving the growth of the in-wheel motor market.

Get Your In-Wheel Motor Market Report Here:
https://www.thebusinessresearchcompany.com/report/in-wheel-motor-global-market-report

How will the growth rate of the in-wheel motor market shape industry trends by 2034?
The in-wheel motor market will increase from $1.26 billion in 2024 to $1.67 billion in 2025 at a CAGR of 32.6%, supported by electric vehicle production, efficiency improvements, and design flexibility.

The in-wheel motor market is anticipated to grow exponentially, hitting $5.09 billion by 2029 at a CAGR of 32.2%. Contributing factors include increased interest in autonomous vehicles, higher demand for electric and hybrid vehicles, and advancements in motor technology. Trends in this sector feature greater adoption in passenger cars, technological innovation, axial motor advancements, and next-generation in-wheel motor designs.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16456&type=smp

What trends are poised to drive the future success of the in-wheel motor market?
Companies in the in-wheel motor market are developing products like Uni Wheel to revolutionize electric vehicle (EV) propulsion systems with compact, efficient, integrated motor technologies. Uni Wheel moves the main drive system into the wheel hub, creating more space inside the vehicle and enhancing EV efficiency. For example, in March 2023, Dongfeng, a China-based automobile company, introduced Uni Wheel for EVs. This system integrates multiple drivetrain components within the wheel hub, using planetary gears to achieve a compact and efficient drive system, reducing gear ratios and allowing higher speeds with reduced torque.

Which primary segments of the in-wheel motor market are driving growth and industry transformations?
The in-wheel motor market covered in this report is segmented -

1) By Propulsion: Battery Electric Vehicle(BEV), Fuel Cell Electric Vehicle(FCEV), Hybrid Electric Vehicle(HEV), Plug-In Hybrid Electric Vehicle, Other Propulsions
2) By Cooling Type: Air Cooling, Liquid Cooling
3) By Power Output Type: Up To 60 KW, 60-90 KW, Above 90 KW
4) By Vehicle Type: Passenger Cars, Commercial Vehicles
5) By Application: Auto Industry, Industrial Equipment, Other Applications

Subsegments:
1) By Battery Electric Vehicle (BEV): Passenger BEV, Commercial BEV
2) By Fuel Cell Electric Vehicle (FCEV): Passenger FCEV, Commercial FCEV
3) By Hybrid Electric Vehicle (HEV): Mild Hybrid Electric Vehicle (MHEV), Full Hybrid Electric Vehicle (FHEV)
4) By Plug-In Hybrid Electric Vehicle: Plug-In Hybrid Passenger Vehicle, Plug-In Hybrid Commercial Vehicle
5) By Other Propulsions: Compressed Air Vehicle, Hybrid Hydrogen-Electric Vehicle

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16456

Which geographical regions are pioneering growth in the in-wheel motor market?
Asia Pacific was the largest region in the In-wheel motor market in 2023. The regions covered in the in-wheel motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the in-wheel motor market landscape?
Major companies operating in the in-wheel motor market are Tesla Inc., Daimler Truck AG, Magnetic Systems Technology Ltd., NTN Corporation, NSK Corporation, Schaeffler Group, Nissan Motor Corporation, e-Traction, Protean Electric Limited, BEDEO, Brusa Eleckronik AG, Elaphe Propulsion Technologies Ltd., Heinzmann GmbH & Co. KG, Ziehl-Abegg SE, Printed Motor Works, ECOmove GmbH, Lordstown Motors, MW Motors International Ltd., Nu Ride Inc., GEM Motors

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=16456&type=smp

What Is Covered In The In-Wheel Motor Global Market Report?

•Market Size Forecast: Examine the in-wheel motor market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the in-wheel motor market for a structured understanding.
•Key Players Overview: Analyze major players in the in-wheel motor market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the in-wheel motor market.
•Segment Contributions: Evaluate how different segments drive overall growth in the in-wheel motor market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the in-wheel motor market.
•Industry Challenges: Identify potential risks and obstacles affecting the in-wheel motor market.
•Competitive Landscape: Review strategic developments in the in-wheel motor market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Top Factor Driving In-Wheel Motor Market Growth in 2025: Rising Demand For Electric Vehicles Fuels Growth Of In-Wheel Motor Market here

News-ID: 3926953 • Views:

More Releases from The Business Research Company

C-X-C Chemokine Receptor Type 2 Market on Track for Strong Growth, Estimated to Grow at 11.6% CAGR Through 2029
C-X-C Chemokine Receptor Type 2 Market on Track for Strong Growth, Estimated to …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the C-X-C Chemokine Receptor Type 2 Market Through 2025? There has been a significant expansion in the market for C-X-C chemokine receptor type 2 in the past few years. The market is projected to increase from $1.24 billion in 2024 to $1.38 billion
Top Market Shifts Transforming the Coenzyme Q10 Market Landscape: Key Insights
Top Market Shifts Transforming the Coenzyme Q10 Market Landscape: Key Insights
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Coenzyme Q10 Market Through 2025? The market size of coenzyme Q10 has seen impressive expansion in the past years, with predictions stating an increase from $0.74 billion in 2024 up to $0.84 billion in 2025, implying a compound annual growth rate (CAGR)
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Untapped Opportunities
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Chimeric Antibody Market Through 2025? In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Untapped Opportunities
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Chimeric Antibody Market Through 2025? In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)

All 5 Releases


More Releases for Vehicle

Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025? The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031. Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025. To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245 Global truck platooning market is segmented
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031. Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031. Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122 Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),