In-wheel Motor Market
In-wheel Motor Market Analysis by Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Fuel Cell Electric Vehicles from 2023 to 2033
Analysis of In-wheel Motor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
In-wheel Motor Market Outlook (2023 to 2033)
The global in-wheel motor market is valued at US$ 1.2 billion in 2023 and is predicted to reach US$ 17 billion by 2033-end. Global demand for in-wheel motors is forecasted to propel at a CAGR of 30% from 2023 to 2033.
- Sales of axial motors are estimated to surge at a CAGR of 31% over the next ten years.
Axial motors that are small, light, and strong are gaining popularity. In electric cars, they can be employed as direct drives to boost output torque and effectiveness. In terms of power density and efficiency, axial motors perform better than radial motors. They are mostly employed in low-speed, high-torque circumstances.
In-wheel motors are widely used to enhance the performance of electric vehicles. These motors are installed directly on the wheels to power the wheel by sending torque to the respective tires. They make the vehicle lighter and more efficient. During the projection period, there will likely be a major increase in the demand for in-wheel motors.
The ability to put more components on the vehicle chassis is one of the main advantages of in-wheel motors. All forms of in-wheel motors have a substantial competitive advantage over more conventional electrical machines due to their flexibility to add batteries, range extenders, or simply retain baggage and passenger capacity during retrofits or new vehicle designs.
In-wheel motors are becoming more popular in the automotive sector due to their numerous advantages. Both motors and brakes must fit inside a vehicle's wheels to maintain the benefit of not having to move the friction brake to a location on the sprung mass. In-wheel motors are more compact, efficient, and environmentally friendly compared to conventional car engines. In-wheel motors are also less prone to overheating and offer superior traction and control.
Regenerative-braking in-wheel motors can collect energy during braking and store it in the battery of a car for later use. Both hybrid and electric vehicles can employ in-wheel motors, which provide several benefits over conventional powertrain systems.
One of the main prospects for market participants in in-wheel motors is the use of renewable energy to power charging stations. To increase their revenue, key industry players are rapidly developing innovative technology.
Solar-powered charging stations are becoming more popular for residential and commercial structures as a result of solar panels' decreasing cost and easy installation. Residential buildings, malls, theater complexes, convention centers, parks, and other institutions can all have these charging stations installed.
Report Attributes |
Details |
|
In-wheel Motor Market Size (2023) |
US$ 1.2 Billion |
|
Projected Market Value (2033) |
US$ 17 Billion |
|
Global Market Growth Rate (2023 to 2033) |
30% CAGR |
|
Market Share of Battery Electric Vehicles (BEV) (2023) |
60% |
|
Key Companies Profiled |
|
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Why is Demand for In-wheel Motors Surging Across the World?
“Increasing Penetration of Electrical Vehicles Worldwide”
Since it brings people together and enables the exchange of goods and ideas, a healthy and efficient transportation sector is crucial for both economic and social development. There is a boom in interest in alternative road transportation propulsion technologies due to concerns about the limited supply of fossil-based fuels.
The use of in-wheel motors in electric cars reduces the weight of the vehicles by eliminating the area that the machines take up. Electric cars employ in-wheel motors, which have several benefits, including high power and torque densities, the capacity to run at high speeds with great efficiency, and at a comparatively lower cost.
Plug-in electric vehicles provide an enticing alternative to internal combustion engines due to regulatory restrictions to reduce city noise, CO2 emissions, and environmental impact. Worldwide demand for electric vehicles is expanding rapidly.
Manufacturers provide electric vehicles all over the world due to several factors, including the increase in demand for low-emission vehicles and government policies that promote long-range, zero-emission vehicles through subsidies and tax incentives. Sales of electric vehicles are increasing along with the need for their parts and components, which propels market expansion.
“Enhancing Vehicle Performance with In-wheel Motors”
The need for fuel-efficient vehicles is rising, and this is one of the main factors driving the growth of the worldwide in-wheel motor market. The advantages of in-wheel motors, such as their greater driving range, dependability, and enhanced vehicle performance, are also credited with boosting market expansion.
An increase in R&D investments will present the makers of in-wheel motors with profitable chances to improve a vehicle's efficiency. The development of an effective in-wheel motor car system is the main emphasis of manufacturers. The worldwide in-wheel motor market will expand as a result of rising environmental consciousness and interest in sustainable solutions.
Surge in the demand for vehicles with better comfort, safety, and convenience is driving market growth. Features such as steering-mounted controls, heads-up displays, improved infotainment systems, gesture control systems, telematics, and centralized controllers are required to give comfort, luxury, safety, and security advantages.
What Hindrances are Encountered by In-wheel Motor Providers?
“Fluctuating Raw Material Prices and High Production Costs”
One of the main issues that can impede market expansion is an increase in failure rates. In-wheel motors’ major drawback, which lowers the ride comfort and quality, is the weight of the wheel.
Throughout the anticipated period, market expansion can be constrained by high production costs and complex speed wheel control. Pricing trends indicate that fluctuating raw material prices would limit market expansion.
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How Can Start-ups Settle Down in This Competitive Industry?
“Emerging Market Players Emphasizing Advancements in In-wheel Motors”
New businesses are making significant investments in creating scalable breakthroughs that offer the next generation of self-driving technology. They are utilizing a data-driven strategy together with iterated algorithms and the in-wheel motor strategy to make their goods compatible with fully autonomous driving. New entrants are focusing on advancements in in-wheel motors to improve the efficiency of vehicles.
- Lordstown Motors, a start-up based in the United States, offers Endurance motors for commercial pickup trucks. A leaf-spring solid rear axle distinguishes electric cars from conventional ones in various ways. Endurance will face the difficulty of building and enclosing motors into wheels, making them responsive to the hostile environment of unsprung components.
Which Region Enjoys a Leading Position in the Global In-wheel Motor Market?
“Surge in Environment-friendly Transportation Options in Asia Pacific”
- Asia Pacific accounts for 50% share of the global market in 2023.
Major factors influencing market growth in the region include rising pollution and increasing government initiatives to reduce carbon emissions from vehicles, along with various policies to replace polluting cars with cleaner electric vehicles. The rapid expansion of the electric vehicle industry and huge demand for environmentally friendly transportation options are boosting market expansion.
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Country-wise Insights
Why is the United States a Prominent Market for In-wheel Motor Companies?
“Rapid Expansion of Automotive Industry”
One of the main factors influencing market growth in the United States is rapid expansion of the automotive industry. In-wheel motor deployment in electric and hybrid passenger vehicles with high power and improved efficiency and the presence of major manufacturers are additional factors anticipated to support market growth in the United States.
Increasing end-user adoption of cutting-edge technologies is another element fueling market expansion. Rising demand for EV traction motors is also supporting market growth in the United States.
How Will Sales of In-wheel Motors Fare in Japan?
“Increase in Government Subsidies for Vehicle Electrification”
The market in Japan is driven by strict emission rules and regulations, as well as significant investments made by major manufacturers to meet the demand for lightweight, fuel-efficient vehicles. An increase in government subsidies for the electrification of vehicles and expanding industrialization are the key factors driving market growth.
The market is expanding as a result of growing sales of passenger and commercial vehicles and rising demand for electric buses. The market value is supported by an expanding network of infrastructure for electric car charging stations and a rise in partnerships between automakers and automobile OEMs.
Will Germany Be an Investment-worthy Market?
“Huge Demand for Autonomous Electric Vehicles”
Environmental concerns and the increased sales of zero-emission vehicles in Germany are factors that are propelling market expansion. High disposable income, a rise in consumer spending, and huge demand for autonomous electric vehicles are boosting market value.
Rapid adoption of new technologies and increasing R&D activities, along with various projects and ongoing partnerships, are factors that are anticipated to open up new revenue opportunities for players operating in the country. Growing usage of electric vehicle (EV) batteries is stimulating market revenue.
Category-wise Insights
Why is the Preference for Battery Electric Vehicles Increasing Worldwide?
“New Developments in Electric Vehicle Charging Infrastructure”
Based on propulsion, the market is divided into battery electric vehicles (BEV), hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and fuel cell electric vehicles (FCEV).
- Battery electric vehicles (BEV) account for 60% share of the global market in 2023.
Sales of in-wheel motors for battery electric vehicles are anticipated to increase with constant innovations in electric vehicle charging infrastructure. This rising demand for electric mobility among consumers, coupled with growing awareness of gasoline and diesel emissions, are the factors boosting the usage of in-wheel motors in battery electric vehicles.
The use of in-wheel motors is growing at a relatively high pace as compared with other motors in the electric mobility industry. The factor that is driving the demand for in-wheel motors is reducing motor weight, which controls four wheels centrally, and increasing provisions for space in electric vehicles.
Which Vehicle Type is Generating Lucrative Opportunities for In-wheel Motor Producers?
“In-wheel Motor Deployment in Passenger Cars Increasing Fuel Efficiency”
The market is segmented into passenger cars and commercial vehicles by vehicle type.
- Currently, passenger cars account for 70% share of the global market.
Rising use of in-wheel motors in passenger cars may be attributed to elements such as greater vehicle handling for both new and used vehicles, high torque, and increased fuel efficiency. The majority of EV producers are concentrating on extending the total driving range, minimizing weight, and improving vehicle design. EV manufacturers may guarantee maximum space utilization and increased power efficiency by utilizing in-wheel motors.
Competitive Landscape
Leading companies are focusing on product launches, quality control, product standards, supply chain management, and collaborations to increase their competitive share. They are concentrating on fully autonomous driving solutions while following safety regulations, which may open up lucrative opportunities for industry participants.
For instance,
- For the future generation of intelligent connected vehicles, Human Horizons, Protein Electric, and Wuxi Weifu e-Drive Technology formed a partnership to produce in-wheel hub motors.
- A new generation of automotive entertainment systems was created in collaboration with Google and Renault-Nissan-Mitsubishi. The sector is also witnessing a surge in the demand for comfort and safety features.
Key Segments of In-wheel Motor Industry Research
-
By Propulsion :
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
- Plug-in Hybrid Electric Vehicles (PHEV)
- Fuel Cell Electric Vehicles (FCEV)
-
By Motor Type :
- Axial
- Radial
-
By Cooling :
- Air
- Liquid
-
By Power Output :
- Up to 60 KW
- 60 to 90 KW
- Above 90 KW
-
By Vehicle Type :
- Passenger Cars
- Commercial Vehicles
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
1. Global Market - Executive Summary 2. Global Market Overview 2.1. Introduction 2.1.1. Global Market Taxonomy 2.1.2. Global Market Definition 2.2. Global Market Size (US$ Mn & Volume) and Forecast, 2018-2033 2.2.1. Global Market Y-o-Y Growth 2.3. Global Market Dynamics 2.4. Supply Chain 2.5. Cost Structure 2.6. Pricing Analysis 2.7. Raw Material Sourcing Strategy and Analysis 2.8. List of Distributors 2.9. Key Participants Market Presence (Intensity Map) By Region 3. Global Market Analysis and Forecast 2018-2033 3.1. Global Market Size and Forecast By Propulsion, 2018-2033 3.1.1. BEV Market Size and Forecast, 2018-2033 3.1.1.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. HEV Market Size and Forecast, 2018-2033 3.1.2.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region 3.1.3. PHEV Market Size and Forecast, 2018-2033 3.1.3.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.1.3.2. Market Share Comparison, By Region 3.1.3.3. Y-o-Y growth Comparison, By Region 3.1.4. FCEV Market Size and Forecast, 2018-2033 3.1.4.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.1.4.2. Market Share Comparison, By Region 3.1.4.3. Y-o-Y growth Comparison, By Region 3.2. Global Market Size and Forecast By Motor, 2018-2033 3.2.1. Axial Flux Market Size and Forecast, 2018-2033 3.2.1.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.2.1.2. Market Share Comparison, By Region 3.2.1.3. Y-o-Y growth Comparison, By Region 3.2.2. Radial Flux Market Size and Forecast, 2018-2033 3.2.2.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.2.2.2. Market Share Comparison, By Region 3.2.2.3. Y-o-Y growth Comparison, By Region 3.3. Global Market Size and Forecast By Cooling, 2018-2033 3.3.1. Air Market Size and Forecast, 2018-2033 3.3.1.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.3.1.2. Market Share Comparison, By Region 3.3.1.3. Y-o-Y growth Comparison, By Region 3.3.2. Liquid Market Size and Forecast, 2018-2033 3.3.2.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.3.2.2. Market Share Comparison, By Region 3.3.2.3. Y-o-Y growth Comparison, By Region 3.4. Global Market Size and Forecast By Power Output, 2018-2033 3.4.1. Upto 60KW Market Size and Forecast, 2018-2033 3.4.1.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.4.1.2. Market Share Comparison, By Region 3.4.1.3. Y-o-Y growth Comparison, By Region 3.4.2. 60-90 KW Market Size and Forecast, 2018-2033 3.4.2.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.4.2.2. Market Share Comparison, By Region 3.4.2.3. Y-o-Y growth Comparison, By Region 3.4.3. Above 90KW Market Size and Forecast, 2018-2033 3.4.3.1. Revenue (US$ Mn) & Volume Comparison, By Region 3.4.3.2. Market Share Comparison, By Region 3.4.3.3. Y-o-Y growth Comparison, By Region 4. North America Market Size and Forecast, 2018-2033 4.1. Revenue (US$ Mn) & Volume Comparison, By Country 4.2. Revenue (US$ Mn) & Volume Comparison, By Propulsion 4.3. Revenue (US$ Mn) & Volume Comparison, By Motor 4.4. Revenue (US$ Mn) & Volume Comparison, By Cooling 4.5. Revenue (US$ Mn) & Volume Comparison, By Power Output 5. Latin America Market Size and Forecast, 2018-2033 5.1. Revenue (US$ Mn) & Volume Comparison, By Country 5.2. Revenue (US$ Mn) & Volume Comparison, By Propulsion 5.3. Revenue (US$ Mn) & Volume Comparison, By Motor 5.4. Revenue (US$ Mn) & Volume Comparison, By Cooling 5.5. Revenue (US$ Mn) & Volume Comparison, By Power Output 6. Europe Market Size and Forecast, 2018-2033 6.1. Revenue (US$ Mn) & Volume Comparison, By Country 6.2. Revenue (US$ Mn) & Volume Comparison, By Propulsion 6.3. Revenue (US$ Mn) & Volume Comparison, By Motor 6.4. Revenue (US$ Mn) & Volume Comparison, By Cooling 6.5. Revenue (US$ Mn) & Volume Comparison, By Power Output 7. Japan Market Size and Forecast, 2018-2033 7.1. Revenue (US$ Mn) & Volume Comparison, By Country 7.2. Revenue (US$ Mn) & Volume Comparison, By Propulsion 7.3. Revenue (US$ Mn) & Volume Comparison, By Motor 7.4. Revenue (US$ Mn) & Volume Comparison, By Cooling 7.5. Revenue (US$ Mn) & Volume Comparison, By Power Output 8. APEJ Market Size and Forecast, 2018-2033 8.1. Revenue (US$ Mn) & Volume Comparison, By Country 8.2. Revenue (US$ Mn) & Volume Comparison, By Propulsion 8.3. Revenue (US$ Mn) & Volume Comparison, By Motor 8.4. Revenue (US$ Mn) & Volume Comparison, By Cooling 8.5. Revenue (US$ Mn) & Volume Comparison, By Power Output 9. MEA Market Size and Forecast, 2018-2033 9.1. Revenue (US$ Mn) & Volume Comparison, By Country 9.2. Revenue (US$ Mn) & Volume Comparison, By Propulsion 9.3. Revenue (US$ Mn) & Volume Comparison, By Motor 9.4. Revenue (US$ Mn) & Volume Comparison, By Cooling 9.5. Revenue (US$ Mn) & Volume Comparison, By Power Output 10. Global Market Company Share, Competition Landscape and Company Profiles 10.1. Company Share Analysis 10.2. Competition Landscape 10.3. Company Profiles 10.3.1. Protean Electric (US) 10.3.2. Elaphe (Slovenia) 10.3.3. ZIEHL-ABEGG (Germany) 10.3.4. Printed Motor Works (UK) 10.3.5. NTN (Japan) 11. Research Methodology 12. Secondary and Primary Sources 13. Assumptions and Acronyms 14. Disclaimer
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List Of Table
TABLE 1: Global Market Value (US$ Mn) & Volume, 2018-2022
TABLE 2: Global Market Value (US$ Mn) & Volume, 2023-2033
TABLE 3: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2022-2033
TABLE 4: Global BEV Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 5: Global BEV Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 6: Global BEV Segment Market Share, By Region 2018-2022
TABLE 7: Global BEV Segment Market Share, By Region 2023-2033
TABLE 8: Global BEV Segment Y-o-Y, By Region 2022-2033
TABLE 9: Global HEV Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 10: Global HEV Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 11: Global HEV Segment Market Share, By Region 2018-2022
TABLE 12: Global HEV Segment Market Share, By Region 2023-2033
TABLE 13: Global HEV Segment Y-o-Y, By Region 2022-2033
TABLE 14: Global PHEV Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 15: Global PHEV Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 16: Global PHEV Segment Market Share, By Region 2018-2022
TABLE 17: Global PHEV Segment Market Share, By Region 2023-2033
TABLE 18: Global PHEV Segment Y-o-Y, By Region 2022-2033
TABLE 19: Global FCEV Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 20: Global FCEV Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 21: Global FCEV Segment Market Share, By Region 2018-2022
TABLE 22: Global FCEV Segment Market Share, By Region 2023-2033
TABLE 23: Global FCEV Segment Y-o-Y, By Region 2022-2033
TABLE 24: Global Axial Flux Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 25: Global Axial Flux Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 26: Global Axial Flux Segment Market Share, By Region 2018-2022
TABLE 27: Global Axial Flux Segment Market Share, By Region 2023-2033
TABLE 28: Global Axial Flux Segment Y-o-Y, By Region 2022-2033
TABLE 29: Global Radial Flux Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 30: Global Radial Flux Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 31: Global Radial Flux Segment Market Share, By Region 2018-2022
TABLE 32: Global Radial Flux Segment Market Share, By Region 2023-2033
TABLE 33: Global Radial Flux Segment Y-o-Y, By Region 2022-2033
TABLE 34: Global Air Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 35: Global Air Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 36: Global Air Segment Market Share, By Region 2018-2022
TABLE 37: Global Air Segment Market Share, By Region 2023-2033
TABLE 38: Global Air Segment Y-o-Y, By Region 2022-2033
TABLE 39: Global Liquid Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 40: Global Liquid Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 41: Global Liquid Segment Market Share, By Region 2018-2022
TABLE 42: Global Liquid Segment Market Share, By Region 2023-2033
TABLE 43: Global Liquid Segment Y-o-Y, By Region 2022-2033
TABLE 44: Global Upto 60KW Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 45: Global Upto 60KW Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 46: Global Upto 60KW Segment Market Share, By Region 2018-2022
TABLE 47: Global Upto 60KW Segment Market Share, By Region 2023-2033
TABLE 48: Global Upto 60KW Segment Y-o-Y, By Region 2022-2033
TABLE 49: Global 60-90 KW Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 50: Global 60-90 KW Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 51: Global 60-90 KW Segment Market Share, By Region 2018-2022
TABLE 52: Global 60-90 KW Segment Market Share, By Region 2023-2033
TABLE 53: Global 60-90 KW Segment Y-o-Y, By Region 2022-2033
TABLE 54: Global Above 90KW Segment Value (US$ Mn) & Volume, By Region 2018-2022
TABLE 55: Global Above 90KW Segment Value (US$ Mn) & Volume, By Region 2023-2033
TABLE 56: Global Above 90KW Segment Market Share, By Region 2018-2022
TABLE 57: Global Above 90KW Segment Market Share, By Region 2023-2033
TABLE 58: Global Above 90KW Segment Y-o-Y, By Region 2022-2033
TABLE 59: North America Market Value (US$ Mn) & Volume, By Country 2018-2022
TABLE 60: North America Market Value (US$ Mn) & Volume, By Country 2023-2033
TABLE 61: North America Market Value (US$ Mn) & Volume, By Propulsion 2018-2022
TABLE 62: North America Market Value (US$ Mn) & Volume, By Propulsion 2023-2033
TABLE 63: North America Market Value (US$ Mn) & Volume, By Motor 2018-2022
TABLE 64: North America Market Value (US$ Mn) & Volume, By Motor 2023-2033
TABLE 65: North America Market Value (US$ Mn) & Volume, By Cooling 2018-2022
TABLE 66: North America Market Value (US$ Mn) & Volume, By Cooling 2023-2033
TABLE 67: North America Market Value (US$ Mn) & Volume, By Power Output 2018-2022
TABLE 68: North America Market Value (US$ Mn) & Volume, By Power Output2023-2033
TABLE 69: Latin America Market Value (US$ Mn) & Volume, By Country 2018-2022
TABLE 70: Latin America Market Value (US$ Mn) & Volume, By Country 2023-2033
TABLE 71: Latin America Market Value (US$ Mn) & Volume, By Propulsion 2018-2022
TABLE 72: Latin America Market Value (US$ Mn) & Volume, By Propulsion 2023-2033
TABLE 73: Latin America Market Value (US$ Mn) & Volume, By Motor 2018-2022
TABLE 74: Latin America Market Value (US$ Mn) & Volume, By Motor 2023-2033
TABLE 75: Latin America Market Value (US$ Mn) & Volume, By Cooling 2018-2022
TABLE 76: Latin America Market Value (US$ Mn) & Volume, By Cooling 2023-2033
TABLE 77: Latin America Market Value (US$ Mn) & Volume, By Power Output 2018-2022
TABLE 78: Latin America Market Value (US$ Mn) & Volume, By Power Output2023-2033
TABLE 79: Europe Market Value (US$ Mn) & Volume, By Country 2018-2022
TABLE 80: Europe Market Value (US$ Mn) & Volume, By Country 2023-2033
TABLE 81: Europe Market Value (US$ Mn) & Volume, By Propulsion 2018-2022
TABLE 82: Europe Market Value (US$ Mn) & Volume, By Propulsion 2023-2033
TABLE 83: Europe Market Value (US$ Mn) & Volume, By Motor 2018-2022
TABLE 84: Europe Market Value (US$ Mn) & Volume, By Motor 2023-2033
TABLE 85: Europe Market Value (US$ Mn) & Volume, By Cooling 2018-2022
TABLE 86: Europe Market Value (US$ Mn) & Volume, By Cooling 2023-2033
TABLE 87: Europe Market Value (US$ Mn) & Volume, By Power Output 2018-2022
TABLE 88: Europe Market Value (US$ Mn) & Volume, By Power Output2023-2033
TABLE 89: Japan Market Value (US$ Mn) & Volume, By Country 2018-2022
TABLE 90: Japan Market Value (US$ Mn) & Volume, By Country 2023-2033
TABLE 91: Japan Market Value (US$ Mn) & Volume, By Propulsion 2018-2022
TABLE 92: Japan Market Value (US$ Mn) & Volume, By Propulsion 2023-2033
TABLE 93: Japan Market Value (US$ Mn) & Volume, By Motor 2018-2022
TABLE 94: Japan Market Value (US$ Mn) & Volume, By Motor 2023-2033
TABLE 95: Japan Market Value (US$ Mn) & Volume, By Cooling 2018-2022
TABLE 96: Japan Market Value (US$ Mn) & Volume, By Cooling 2023-2033
TABLE 97: Japan Market Value (US$ Mn) & Volume, By Power Output 2018-2022
TABLE 98: Japan Market Value (US$ Mn) & Volume, By Power Output2023-2033
TABLE 99: APEJ Market Value (US$ Mn) & Volume, By Country 2018-2022
TABLE 100: APEJ Market Value (US$ Mn) & Volume, By Country 2023-2033
TABLE 101: APEJ Market Value (US$ Mn) & Volume, By Propulsion 2018-2022
TABLE 102: APEJ Market Value (US$ Mn) & Volume, By Propulsion 2023-2033
TABLE 103: APEJ Market Value (US$ Mn) & Volume, By Motor 2018-2022
TABLE 104: APEJ Market Value (US$ Mn) & Volume, By Motor 2023-2033
TABLE 105: APEJ Market Value (US$ Mn) & Volume, By Cooling 2018-2022
TABLE 106: APEJ Market Value (US$ Mn) & Volume, By Cooling 2023-2033
TABLE 107: APEJ Market Value (US$ Mn) & Volume, By Power Output 2018-2022
TABLE 108: APEJ Market Value (US$ Mn) & Volume, By Power Output2023-2033
TABLE 109: MEA Market Value (US$ Mn) & Volume, By Country 2018-2022
TABLE 110: MEA Market Value (US$ Mn) & Volume, By Country 2023-2033
TABLE 111: MEA Market Value (US$ Mn) & Volume, By Propulsion 2018-2022
TABLE 112: MEA Market Value (US$ Mn) & Volume, By Propulsion 2023-2033
TABLE 113: MEA Market Value (US$ Mn) & Volume, By Motor 2018-2022
TABLE 114: MEA Market Value (US$ Mn) & Volume, By Motor 2023-2033
TABLE 115: MEA Market Value (US$ Mn) & Volume, By Cooling 2018-2022
TABLE 116: MEA Market Value (US$ Mn) & Volume, By Cooling 2023-2033
TABLE 117: MEA Market Value (US$ Mn) & Volume, By Power Output 2018-2022
TABLE 118: MEA Market Value (US$ Mn) & Volume, By Power Output2023-2033
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List Of Figures
FIG. 1: Global Market Value (US$ Mn), 2018-2022
FIG. 2: Global Market Value (US$ Mn) Forecast, 2023-2033
FIG. 3: Global Market Value (US$ Mn) and Y-o-Y, 2022-2033
FIG. 4: Global BEV Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 5: Global BEV Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 6: Global BEV Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 7: Global HEV Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 8: Global HEV Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 9: Global HEV Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 10: Global PHEV Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 11: Global PHEV Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 12: Global PHEV Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 13: Global FCEV Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 14: Global FCEV Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 15: Global FCEV Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 16: Global Axial Flux Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 17: Global Axial Flux Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 18: Global Axial Flux Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 19: Global Radial Flux Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 20: Global Radial Flux Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 21: Global Radial Flux Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 22: Global Air Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 23: Global Air Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 24: Global Air Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 25: Global Liquid Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 26: Global Liquid Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 27: Global Liquid Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 28: Global Upto 60KW Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 29: Global Upto 60KW Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 30: Global Upto 60KW Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 31: Global 60-90 KW Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 32: Global 60-90 KW Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 33: Global 60-90 KW Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 34: Global Above 90KW Segment Market Value (US$ Mn) By Region, 2018-2022
FIG. 35: Global Above 90KW Segment Market Value (US$ Mn) By Region, 2023-2033
FIG. 36: Global Above 90KW Segment Y-o-Y Growth Rate, By Region, 2022-2033
FIG. 37: North America Market Value (US$ Mn), By Country 2018-2022
FIG. 38: North America Market Value (US$ Mn), By Country 2023-2033
FIG. 39: North America Market Value (US$ Mn), By Propulsion 2018-2022
FIG. 40: North America Market Value (US$ Mn), By Propulsion 2023-2033
FIG. 41: North America Market Value (US$ Mn), By Motor 2018-2022
FIG. 42: North America Market Value (US$ Mn), By Motor 2023-2033
FIG. 43: North America Market Value (US$ Mn), By Cooling 2018-2022
FIG. 44: North America Market Value (US$ Mn), By Cooling 2023-2033
FIG. 45: North America Market Value (US$ Mn), By Power Output 2018-2022
FIG. 46: North America Market Value (US$ Mn), By Power Output 2023-2033
FIG. 47: Latin America Market Value (US$ Mn), By Country 2018-2022
FIG. 48: Latin America Market Value (US$ Mn), By Country 2023-2033
FIG. 49: Latin America Market Value (US$ Mn), By Propulsion 2018-2022
FIG. 50: Latin America Market Value (US$ Mn), By Propulsion 2023-2033
FIG. 51: Latin America Market Value (US$ Mn), By Motor 2018-2022
FIG. 52: Latin America Market Value (US$ Mn), By Motor 2023-2033
FIG. 53: Latin America Market Value (US$ Mn), By Cooling 2018-2022
FIG. 54: Latin America Market Value (US$ Mn), By Cooling 2023-2033
FIG. 55: Latin America Market Value (US$ Mn), By Power Output 2018-2022
FIG. 56: Latin America Market Value (US$ Mn), By Power Output 2023-2033
FIG. 57: Europe Market Value (US$ Mn), By Country 2018-2022
FIG. 58: Europe Market Value (US$ Mn), By Country 2023-2033
FIG. 59: Europe Market Value (US$ Mn), By Propulsion 2018-2022
FIG. 60: Europe Market Value (US$ Mn), By Propulsion 2023-2033
FIG. 61: Europe Market Value (US$ Mn), By Motor 2018-2022
FIG. 62: Europe Market Value (US$ Mn), By Motor 2023-2033
FIG. 63: Europe Market Value (US$ Mn), By Cooling 2018-2022
FIG. 64: Europe Market Value (US$ Mn), By Cooling 2023-2033
FIG. 65: Europe Market Value (US$ Mn), By Power Output 2018-2022
FIG. 66: Europe Market Value (US$ Mn), By Power Output 2023-2033
FIG. 67: Japan Market Value (US$ Mn), By Country 2018-2022
FIG. 68: Japan Market Value (US$ Mn), By Country 2023-2033
FIG. 69: Japan Market Value (US$ Mn), By Propulsion 2018-2022
FIG. 70: Japan Market Value (US$ Mn), By Propulsion 2023-2033
FIG. 71: Japan Market Value (US$ Mn), By Cooling 2018-2022
FIG. 72: Japan Market Value (US$ Mn), By Motor 2023-2033
FIG. 73: Japan Market Value (US$ Mn), By Cooling 2018-2022
FIG. 74: Japan Market Value (US$ Mn), By Cooling 2023-2033
FIG. 75: Japan Market Value (US$ Mn), By Power Output 2018-2022
FIG. 76: Japan Market Value (US$ Mn), By Power Output 2023-2033
FIG. 77: APEJ Market Value (US$ Mn), By Country 2018-2022
FIG. 78: APEJ Market Value (US$ Mn), By Country 2023-2033
FIG. 79: APEJ Market Value (US$ Mn), By Propulsion 2018-2022
FIG. 80: APEJ Market Value (US$ Mn), By Propulsion 2023-2033
FIG. 81: APEJ Market Value (US$ Mn), By Motor 2018-2022
FIG. 82: APEJ Market Value (US$ Mn), By Motor 2023-2033
FIG. 83: APEJ Market Value (US$ Mn), By Cooling 2018-2022
FIG. 84: APEJ Market Value (US$ Mn), By Cooling 2023-2033
FIG. 85: APEJ Market Value (US$ Mn), By Power Output 2018-2022
FIG. 86: APEJ Market Value (US$ Mn), By Power Output 2023-2033
FIG. 87: MEA Market Value (US$ Mn), By Country 2018-2022
FIG. 88: MEA Market Value (US$ Mn), By Country 2023-2033
FIG. 89: MEA Market Value (US$ Mn), By Propulsion 2018-2022
FIG. 90: MEA Market Value (US$ Mn), By Propulsion 2023-2033
FIG. 91: MEA Market Value (US$ Mn), By Motor 2018-2022
FIG. 92: MEA Market Value (US$ Mn), By Motor 2023-2033
FIG. 93: MEA Market Value (US$ Mn), By Cooling 2018-2022
FIG. 94: MEA Market Value (US$ Mn), By Cooling 2023-2033
FIG. 95: MEA Market Value (US$ Mn), By Power Output 2018-2022
FIG. 96: MEA Market Value (US$ Mn), By Power Output 2023-2033
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- FAQs -
What is the current size of the in-wheel motor market?
The global in-wheel motor market is valued at US$ 1.2 billion in 2023.
What is the forecasted size of the market for in-wheel motors?
Sales of in-wheel motors are forecasted to reach US$ 17 billion by 2033.
At what rate will the market for in-wheel motors expand?
Deployment of in-wheel motors is predicted to rise at a stupendous CAGR of 30% through 2033.
Which vehicle type accounts for a prominent market share?
Currently, passenger cars hold 70% share of the global market.
Who are the key in-wheel motor manufacturers?
Protean Electric, Printed Motor Works, and NTN Corporation are leading in-wheel motor providers.
In-wheel Motor Market