Global In-wheel Motors Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

In-wheel motors allow torque to be applied at the wheel; the point where the torque is required. In-wheel motors occupy the most unobtrusive space inside the vehicle, leaving more volume inside the vehicle body for batteries and luggage.
Direct-drive, in-wheel motors require no gearboxes, driveshafts or differentials, thus giving far greater flexibility to vehicle designers while substantially reducing drivetrain losses. The reduced drivetrain losses mean less energy is wasted (during both acceleration and regenerative braking), resulting in more of the energy from the battery pack being available to propel the vehicle.
Each in-wheel motor can be controlled entirely independently, providing far greater control, performance and vehicle dynamics characteristics than any other drive system; traction control, launch control and torque vectoring are all easily implemented through the use of in-wheel motors.

According to our Researcher latest study, the global In-wheel Motors market size was valued at USD 40 million in 2022 and is forecast to a readjusted size of USD 264.4 million by 2029 with a CAGR of 30.9% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global In-wheel Motors main players are DSM, CSPC Pharma, Shandong Luwei, Northeast Pharma, etc. Global top four manufacturers hold a share over 80%. China is the largest market, with a share nearly 60%.

This report is a detailed and comprehensive analysis for global In-wheel Motors market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global In-wheel Motors market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029

Global In-wheel Motors market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029

Global In-wheel Motors market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029

Global In-wheel Motors market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (USD/Unit), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for In-wheel Motors

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global In-wheel Motors market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Protean Electric, Elaphe, e-Traction and ZIEHL-ABEGG, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

In-wheel Motors market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type

Outer Rotor

Inner Rotor

Market segment by Application

Passenger Vehicle

Commercial Vehicle

Others

Major players

covered

Protean Electric

Elaphe

e-Traction

ZIEHL-ABEGG

Market segment by region, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe In-wheel Motors product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of In-wheel Motors, with price, sales, revenue and global market share of In-wheel Motors from 2018 to 2023.

Chapter 3, the In-wheel Motors competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the In-wheel Motors breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and In-wheel Motors market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of In-wheel Motors.

Chapter 14 and 15, to describe In-wheel Motors sales channel, distributors, customers, research findings and conclusion.

Frequently Asked Questions