openPR Logo
Press release

In-Wheel Motor Market to Surpass $4.71 Billion by 2029 | Key Trends & Insights

09-09-2025 09:04 AM CET | Logistics & Transport

Press release from: The Business Research Company

In-Wheel Motor

In-Wheel Motor

Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.

How Will the In-Wheel Motor Market Grow by 2025 in Terms of Size and Growth?
The market size of in-wheel motors has seen significant expansion lately. This market is forecasted to surge from $1.26 billion in 2024 to an impressive $1.65 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 31.2%. The prior growth observed is due to reasons such as improved design adaptability, amplified efficiency accelerating expansion, heightened unsprung weight, a rise in the production of vehicles incorporating this technology, and an uptick in the manufacturing of electric vehicles.

What Are the Estimated Growth Rates for the In-Wheel Motor Industry Through 2029?
In the next several years, it's projected that the in-wheel motor market will experience significant growth, ballooning to $4.71 billion in 2029. This represents a compound annual growth rate (CAGR) of 30.0%. This predicted escalation during the forecast period can be linked to various factors: a rising interest in self-driving cars, amplified customer demand, a growing focus on hybrid and electric vehicles, and a heightened demand for electric vehicles (EVs). Key trends in this forecast period encompass an increase in use in passenger cars, strides in technological innovation, and a burgeoning demand for axial motors, in addition to advancements made specifically in the sphere of in-wheel motors.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/in-wheel-motor-global-market-report

What Are the Strategic Drivers Boosting In-Wheel Motor Market Performance?
The surge in demand for electric vehicles (EVs) is projected to fuel the expansion of the in-wheel motor market. EVs, which operate mainly or entirely on one or multiple electric motors for moving forward, are becoming increasingly popular due to environmental considerations, cost-effectiveness, fuel independence, urban growth, and infrastructure advancement. The in-wheel motors provide a distinct approach to EV propulsion, offering benefits such as efficiency, performance, and design flexibility, while also facing obstacles related to weight distribution, heat control, and cost-efficiency. For example, the International Energy Agency, a French intergovernmental organization, reported in March 2023 that the electric car market saw explosive growth with sales outstripping 10 million in 2022. Further, nearly 14% of all new cars purchased were electric in 2022, a substantial increase from around 9% in 2021. Hence, the rising demand for electric vehicles is stimulating the growth of the in-wheel motor market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16456&type=smp

What Are the Segments in the In-Wheel Motor Market?
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

What Are the Key Adoption Trends in the In-Wheel Motor Market?
Leading businesses in the in-wheel motor market are concentrating their efforts on introducing groundbreaking products like Uni Wheel. This product is designed to transform electric vehicle propulsion systems by offering compact, effective, and integrated motor technologies. Uni Wheel's design relocates the core drive system components into the wheel hub's space, thereby providing increased interior space and improving the overall efficiency of electric vehicles. For example, in March 2023, Dongfeng, a car manufacturer based in China, introduced Uni Wheel for electric vehicles (EVs). The Uni Wheel consists of a number of drivetrain components incorporated into the wheel hub, utilizing a complex gear system, resulting in a compact, efficient drive system. Its features include a main sun gear linked to an external ring gear via two sets of pinion gears. This configuration minimizes gear ratios and distinguishes the rotation axis of the wheel from the motor's axis, allowing the motor to be safely fixed to the frame of the vehicle. Consequently, the wheel can function at higher speeds with less torque.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=16456&type=smp

Which Companies Lead the Competitive Landscape of the In-Wheel Motor Industry?
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

Where Are the Key In-Wheel Motor Market Opportunities by Region?
Asia Pacific was the largest region in the In-wheel motor market in 2024. The regions covered in the in-wheel motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

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 In-Wheel Motor Market to Surpass $4.71 Billion by 2029 | Key Trends & Insights here

News-ID: 4175113 • Views:

More Releases from The Business Research Company

Automotive Engineering Service Provider Industry Expected to Reach $229.65 Billion by 2029 at 7.2% CAGR
Automotive Engineering Service Provider Industry Expected to Reach $229.65 Billi …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. Automotive Engineering Service Provider Market Value Projection: How Much Will the Market Size by 2025? The market size for providers of automotive engineering services has seen substantial growth in the recent times. It's anticipated to rise from $162.22 billion in 2024 to $173.72 billion in 2025, reflecting a compound annual growth
Global Automotive Comparators Market Worth $3.38 Billion by 2029, Growing at 4.5% CAGR
Global Automotive Comparators Market Worth $3.38 Billion by 2029, Growing at 4.5 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide. Automotive Comparators Market Outlook: What Size And CAGR Are Anticipated By 2025? In the past few years, the automotive comparators market has shown steady growth. This market is projected to increase from $2.72 billion in 2024 to $2.84 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%.
Head Up Display (HUD) Vehicle Infotainment Market Size to Reach $4.5 Billion by 2029 | Growth at 22.5% CAGR Forecast
Head Up Display (HUD) Vehicle Infotainment Market Size to Reach $4.5 Billion by …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. What is the Projected Market Size of the Head Up Display (HUD) Vehicle Infotainment Industry? The market size of the head up display (hud) vehicle infotainment has witnessed robust growth in the past few years. The forecast suggests an increase from $1.63 billion in 2024 to $2 billion in 2025, equating
Automotive Air Suspension Market to Grow at 6.2% CAGR, Reaching $9.5 Billion by 2029
Automotive Air Suspension Market to Grow at 6.2% CAGR, Reaching $9.5 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide. Automotive Air Suspension Market Outlook: How is the Market Expected to Grow by 2025? In the past few years, there has been a solid growth in the automotive air suspension market size. It's projected to increase from $7.06 billion in 2024 to $7.48 billion in 2025, achieving a compound annual

All 5 Releases


More Releases for Motor

SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market. Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market Key Market Competitors: Global
Electric Vehicles Market 2030 | Honda Motor Co., Ltd., Ford Motor, Toyota Motor …
A Research Report Insights (RRI) report reveals that the global market for electric vehicles is set to cross US$ 99 Billion in terms of value by 2016 end. As per the report, the market is expected to reach US$ 596.56 Billion by 2030, riding on a CAGR of 15.6%. Increasing demand for clean and green energy and rise in global air pollution is compelling socio-economic institutions to rethink over the structures
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in