Pune, 17, April 2023: The report expects the In Wheel Motor Market to grow from USD 1138 Mn in 2022 to USD 12299.73 Mn by 2029 at a CAGR of 40.5 percent, over the forecast period. The report analyzed by Maximize Market Research, on the In-Wheel Motor Market, covers an extensive regional analysis and competitive Landscape.
In Wheel Motor Market Report Scope and Research Methodology
The report is a thorough analysis of the In-Wheel Motor market, providing key findings including pricing, investments, expansion plans, and physical presence in the In-Wheel Motor market. The report used the bottom-up approach to estimate market size and growth rates. The report involves In Wheel Motor market drivers, restraints, opportunities, and challenges. The competitive environment for the In Wheel Motor market includes financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances.
Regional analysis of the In-Wheel Motor market conducted at a local, regional and global level. A segment-wise analysis of the In-Wheel Motor market is divided by Propulsion, Vehicle Type, Motor Type Cooling Type, Power Output Type, Vehicle Class and Motor Weight. The report also provides information on the emerging regions that are expected to be major markets for the In Wheel Motor market.
The report includes primary and secondary collection techniques with qualitative and quantitative analysis of the In-Wheel Motor market. Primary methods include questionnaires and telephonic interviews with market specialists, business owners, etc., and secondary techniques involve financial reports, annual reports, white papers, etc.
In Wheel Motor Market Dynamics
The increasing concerns about the definite availability of fossil fuels help to grow the interest in alternate technologies of road transportation propulsion. The increase in the demand for low-emission vehicles and supportive government policies for zero-emission vehicles influence the market. As a result, increasing demand for electric vehicles the growth of the In-Wheel Motor Market.
In Wheel Motor Market is driven by the connected changes in OEM vehicles, high demand for safety and convenience features, growing awareness about the benefits of In-Wheel Motors for the enhancements of fuel efficiency and stringent government regulations for automotive supplements growth. The market growth is expected to be hampered by the increase in the unsprung strain and the growing number of failures, over the forecast period.
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In Wheel Motor Market Regional Insights
In 2022, North America dominated the In Wheel Motor Market with the largest market share and is expected to maintain its dominance over the forecast period. The regional market is driven by the increasing demand for environmentally friendly transportation solutions in emerging economies India and China and the rapid growth in electric vehicle sales in the countries such as Japan and China.
During the forecast period, Europe is expected to grow at a significant growth rate in the In Wheel Motor Market. The increasing demand for fuel-efficient and lightweight automobiles, the growing need for maintenance of air quality and noise pollution and establishment of the environmental zone in the countries such as Germany and the United Kingdom are influencing factors for the regional growth of the market.
In-Wheel Motor Market Segmentation
By Propulsion
- BEV
- FCEV
- HEV
- PHEV
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Motor Type
- Axial Flux Motor
- Radial Flux Motor
By Cooling Type
- Air-cooled
- Liquid-cooled
By Power Output Type
- Up to 60 KW
- 60–90 KW
- Above 90 KW
By Vehicle Class
- Mid-priced
- Luxury
By Motor Weight
- Less than 20 Kg
- 20-30 Kg
- Above 30 Kg
In Wheel Motor Market Key Players include:
- General Motors (US)
- Tesla (US)
- The Orbis Ring Drive Wheel (US)
- ORBIS Wheels, Inc. (US)
- BYD Motors LLC (US)
- DANA TM4 INC. (Canada)
- YASA Limited (UK)
- PMW Dynamics (UK)
- Protean Electric (UK)
- ECOmove GmbH (Germany)
- Bayerische Motoren Werke AG (Germany)
- Volkswagen AG (Germany)
- Schaeffler AG (Germany)
- Ziehl-Abegg SE (Germany)
- ELAPHE LTD. (Slovenia)
- GEM motors d.o.o. (Slovenia)
- NSK Ltd. (Japan)
- NTN Corporation (Japan)
- Toyota Motor Corporation (Japan)
- TAJIMA MOTOR CORPORATION (Japan)
- Nissan Motor Corporation (Japan)
- Honda Motor Co., Ltd. (Japan)
- HYUNDAI MOTOR GROUP (South Korea)
Table of Content for Global In-Wheel Motor Market:
- Global In-Wheel Motor Market: Research Methodology
- Global In Wheel Motor Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global In-Wheel Motor Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by Region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global In-Wheel Motor Market Segmentation
- Global Market, by Propulsion (2022-2029)
- Global Market, by Vehicle Type (2022-2029)
- Global Market, by Motor Type (2022-2029)
- Global Market, by Cooling Type (2022-2029)
- Global Market, by Power Output Type (2022-2029)
- Global Market, by Vehicle Class (2022-2029)
- Global Market, by Motor Weight (2022-2029)
- Regional Global In-Wheel Motor Market(2022-2029)
- Regional Market, by Propulsion (2022-2029)
- Regional Market, by Vehicle Type (2022-2029)
- Regional Market, by Motor Type (2022-2029)
- Regional Market, by Cooling Type (2022-2029)
- Regional Market, by Power Output Type (2022-2029)
- Regional Market, by Vehicle Class (2022-2029)
- Regional Market, by Motor Weight (2022-2029)
- Regional Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the In Wheel Motor Market are:
- What is In Wheel Motor?
- What is the CAGR of the In-Wheel Motor Market?
- What was the In Wheel Motor Market size in 2021?
- What is the expected In Wheel Motor Market size during the forecast period?
- What is the scope of the In-Wheel Motor Market?
- What are the Key driving factors for the growth of the In-Wheel Motor Market?
- What are the different segments of the In-Wheel Motor Market?
- What are the factors restraining the growth of the In-Wheel Motor Market?
- What is the demand pattern of the In-Wheel Motor Market?
- What growth strategies are the players considering to increase their presence in In Wheel Motor?
- What are the growth opportunities for the In Wheel Motor Market?
- What are the upcoming industry applications and trends for the In Wheel Motor Market?
- What recent industry trends can be implemented to generate additional revenue streams for In Wheel Motor Market?
- What are the top players operating in the In Wheel Motor Market?
- Which region accounted for the largest market share in In Wheel Motor Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Propulsion, Vehicle Type, Motor Type, Cooling Type, Power Output Type, Vehicle Class, Motor Weight and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
Maximize Market Research Automotive and Transportation research firm, has also published the following reports:
All-Wheel Drive Market: The market size is expected to reach USD 67.33 Bn by 2029 at a CAGR of 8.6 percent during the forecast period. The market is driven by the advancements and improvements made to the all-wheel-drive system and 5-star safety rating testing.
Electric Commercial Vehicle Market: The market size is expected to reach USD 1308.57 Bn by 2029 at a CAGR of 20.97 percent during the forecast period. The market is driven by an increase in the demand for electric vehicles and growing awareness about renewable energy sources.
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