In-Wheel Motor Market by Propulsion (BEV, HEV, PHEV, and FCEV), Vehicle (PC and CV), Motor (Axial Flux and Radial Flux), Cooling (Air and Liquid), Power Output (Up to 60 KW, 60–90 KW, and Above 90 Kw), and Region - Global Forecast to 2025

  • ID: 4616524
  • Report
  • Region: Global
  • 116 Pages
  • Markets and Markets
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The Global In-Wheel Motor Market is Estimated to Grow from USD 322.8 Million in 2018 at a CAGR of 35.02% to Reach USD 2,641.1 by 2025.

FEATURED COMPANIES

  • BMW
  • Elaphe
  • Honda
  • Nissan
  • Protean Electric
  • TM4
  • MORE

“Availability of government support such as subsidies and tax rebates for electric vehicles, eliminating the need for the drive shaft and better torque control have driven the demand for in-wheel motor globally.”

The global in-wheel motor market is estimated to grow from USD 322.8 million in 2018 at a CAGR of 35.02% to reach USD 2,641.1 by 2025. Government subsidies and tax rebates for electric vehicles, increased driving range, reliability, and improved vehicle performance are the factors responsible for the growth of the in-wheel motor market. However, high price and increase in unsprung weight in wheels are considered to be the major restraints for the growth of the in-wheel motor market.

“Radial flux motor segment, by motor type, is the fastest growing segment of the in-wheel market”

The radial flux motor segment, by motor type, is the fastest growing segment of the in-wheel motor market. The radial flux motor is the most common motor type adopted for in-wheel motors as the rotor can be directly fixed to the wheel. Moreover, in radial flux motors, the outer rotor design is about 15% lighter than the inner rotor machine, which generates the same torque due to their longer air gap diameter. In-wheel motors are almost radial because of integration benefits, durability, and torque density.

“North America is the fastest growing in-wheel motor market”

North America is the fastest growing market for EVs, followed by Asia Pacific. North America is a regional hub for many renowned EV manufacturers, which are known for delivering quality and high-performance vehicles. OEMs in North America such as Tesla and GM are focused on the development of faster, cleaner, and high-performance electric vehicles. The leading OEMs in the US that have launched electric vehicles nationwide, now resulting in the large demand for in-wheel motors. The top-selling electric vehicles in the US are equipped with in-wheel motors.

The study contains insights provided by various industry experts, ranging from online retailers to Tier–1 companies and OEMs. The breakup of the primaries is as follows:

  • By Company Type: Tier I–42%, Tier II–40%, and Tier III–18%,
  • By Designation: C Level–57%, D Level–29%, and Others–14%
  • By Region: North America–28%, Europe–27%, Asia–Pacific–34%, Rest of the World–11%

Research Coverage:

The report provides a picture of the global in-wheel motor market, along with the market details with respect to different regions and countries. It aims at estimating the market size and future growth potential of this market across different segments such as by propulsion type, vehicle type, motor type, cooling type, power output type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • The report will help the market leaders/new entrants provide the closest approximations of the revenue numbers of the overall in-wheel motor market and its subsegments.
  • This report will help stakeholders understand the competitor landscape better and gain more insights to position their businesses and make suitable go-to-market strategies.
  • The report also helps the stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BMW
  • Elaphe
  • Honda
  • Nissan
  • Protean Electric
  • TM4
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the In-Wheel Motor Market
4.2 Asia Pacific is Expected to Lead the Global In-Wheel Motor Market in 2025
4.3 In-Wheel Motor Market, By Power Output
4.4 In-Wheel Motor Market, By Cooling Type
4.5 In-Wheel Motor Market, By Motor Type
4.6 In-Wheel Motor Market, By Propulsion Type
4.7 In-Wheel Motor Market, By Vehicle Type

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
       5.2.1 Drivers
                5.2.1.1 Increased Simplicity and Efficiency of Vehicle
                5.2.1.2 Reduces Weight and Provides More Space
       5.2.2 Restraints
                5.2.2.1 Increase in Unsprung Weight in Wheel
       5.2.3 Opportunities
                5.2.3.1 Rising Trend of Autonomous Technology in Vehicle
                5.2.3.2 Increasing Penetration of Electric Vehicle Globally
       5.2.4 Challenges
                5.2.4.1 High Cost
                5.2.4.2 Complexity in Controlling Individual Wheel Speed

6 In-Wheel Motor Market, By Components

6.1 Introduction
6.2 Suspension
6.3 Rotor and Stator
6.4 Wheel Bearings
6.5 Regenerative Braking System

7 In-Wheel Motor Market, By Cooling Type

7.1 Introduction
7.2 Air Cooling
7.3 Liquid Cooling

8 In-Wheel Motor Market, By Motor Type

8.1 Introduction
8.2 Axial Flux Motor
8.3 Radial Flux Motor

9 In-Wheel Motor Market, By Power Output

9.1 Introduction
9.2 Up to 60 KW
9.3 60-90 KW
9.4 Above 90 KW

10 In-Wheel Motor Market, By Propulsion Type

10.1 Introduction
10.2 Battery Electric Vehicle (BEV)
10.3 Fuel Cell Electric Vehicle (FCEV)
10.4 Hybrid Electric Vehicle (HEV)
10.5 Plug-In Hybrid Electric Vehicle (PHEV)

11 In-Wheel Motor Market, By Vehicle Type

11.1 Introduction
11.2 Passenger Cars (PC)
11.3 Commercial Vehicles (CV)

12 In-Wheel Motor Market, By Region

12.1 Introduction
12.2 Asia Pacific
        12.2.1 China
        12.2.2 India
        12.2.3 Japan
        12.2.4 South Korea
12.3 Europe
        12.3.1 France
        12.3.2 Germany
        12.3.3 Italy
        12.3.4 Netherlands
        12.3.5 Norway
        12.3.6 Sweden
        12.3.7 United Kingdom
12.4 North America
        12.4.1 Canada
        12.4.2 US

13 Competitive Landscape

13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Situation & Trends
        13.3.1 New Product Developments
        13.3.2 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements

14 Company Profiles

14.1 Key Players
        14.1.1 Protean Electric
        14.1.2 Elaphe Ltd
        14.1.3 Ziehl-Abegg
        14.1.4 Printed Motor Works
        14.1.5 NTN
        14.1.6 E-Traction
        14.1.7 TM4
        14.1.8 Ecomove
        14.1.9 NSK
        14.1.10 Tajima EV
        14.1.11 Yasa
        14.1.12 Schaeffler
14.2 Key Players From Other Regions
        14.2.1 North America
                   14.2.1.1 General Motors
                   14.2.1.2 Tesla
                   14.2.1.3 Ford
        14.2.2 Europe
                   14.2.2.1 Volkswagen
                   14.2.2.2 BMW
                   14.2.2.3 Daimler
                   14.2.2.4 Volvo
        14.2.3 Asia Pacific
                   14.2.3.1 Mitsubishi Motors
                   14.2.3.2 Toyota
                   14.2.3.3 Honda
                   14.2.3.4 Hyundai
                   14.2.3.5 Nissan

15 Appendix

List of Tables and Figures

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Autonomous Vehicle Developments
Table 3 Impact of Market Dynamics on In-Wheel Motor Market
Table 4 In-Wheel Motor Market, By Cooling Type, 2016–2025 (Units)
Table 5 Air Cooling: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 6 Liquid Cooling: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 7 In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 8 Axial Flux Motor: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 9 Radial Flux Motor: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 10 In-Wheel Motor Market, By Power Output, 2016–2025 (Units)
Table 11 Up to 60 KW: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 12 60-90 KW: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 13 Above 90 KW: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 14 In-Wheel Motor Market, By Propulsion Type, 2016–2025 (Units)
Table 15 BEV: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 16 FCEV: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 17 HEV: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 18 PHEV: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 19 In-Wheel Motor Market, By Vehicle Type, 2016–2025 (Units)
Table 20 In-Wheel Motor Market, By Vehicle Type, 2016–2025 (USD Million)
Table 21 Passenger Car: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 22 Passenger Car: In-Wheel Motor Market, By Region, 2016–2025 (USD Million)
Table 23 Commercial Vehicles: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 24 Commercial Vehicles: In-Wheel Motor Market, By Region, 2016–2025 (USD Million)
Table 25 In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 26 In-Wheel Motor Market, By Region, 2016–2025 (USD Million)
Table 27 Asia Pacific: In-Wheel Motor Market, By Country, 2016–2025 (Units)
Table 28 Asia Pacific: In-Wheel Motor Market, By Country, 2016–2025 (USD Million)
Table 29 China: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 30 India: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 31 Japan: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 32 South Korea: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 33 Europe: In-Wheel Motor Market, By Country, 2016–2025 (Units)
Table 34 Europe: In-Wheel Motor Market, By Country, 2016–2025 (USD Million)
Table 35 France: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 36 Germany: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 37 Italy: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 38 Netherlands: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 39 Norway: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 40 Sweden: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 41 United Kingdom: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 42 North America: In-Wheel Motor Market, By Country, 2016–2025 (Units)
Table 43 North America: In-Wheel Motor Market, By Country, 2016–2025 (USD Million)
Table 44 Canada: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 45 US: In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 46 New Product Developments, 2013–2018
Table 47 Collaborations/Joint Ventures/Supply Contracts/Partnerships/ Agreements, 2017–2018

Figure 1 In-Wheel Motor Market Segmentation
Figure 2 In-Wheel Motor Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology for the In-Wheel Motor Market: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology for the In-Wheel Motor Market: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 In-Wheel Motor Market: Market Dynamics
Figure 9 In-Wheel Motor Market, By Region, 2018–2025 (Units)
Figure 10 In-Wheel Motor Market, By Motor Type, 2018 vs 2025 (Units)
Figure 11 Increased Simplicity and Efficiency of Vehicle is Expected to Drive the In-Wheel Motor Market, 2018–2025 (USD Million)
Figure 12 In-Wheel Motor Market Share, By Region, 2018–2025 (Units)
Figure 13 Upto 60kw Segment is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 14 Liquid Cooling Segment is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 15 Radial Flux Motor is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 16 BEV is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 17 Passenger Car is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 18 In-Wheel Motor Market: Market Dynamics
Figure 19 Global Electric Vehicle Sales, 2014–2017
Figure 20 Liquid Cooling Segment is Expected to Grow at A Higher CAGR During the Forecast Period (2018–2025)
Figure 21 Radial Flux Motor Segment is Expected to Grow at A Higher CAGR During the Forecast Period (2018–2025)
Figure 22 Above 90 KW Segment is Expected to Grow at the Highest CAGR During the Forecast Period (2018–2025)
Figure 23 BEV Segment is Expected to Grow at the Highest CAGR During the Forecast Period (2018–2025)
Figure 24 Commercial Vehicles Segment is Expected to Grow at A Higher CAGR During the Forecast Period (2018–2025)
Figure 25 North America is Estimated to Be the Fastest Growing Market for In-Wheel Motor During the Forecast Period (2018–2025)
Figure 26 China Holds the Largest Share in the Asia Pacific In-Wheel Motor Market, 2018 vs 2025
Figure 27 Europe: In-Wheel Motor Market Snapshot
Figure 28 North America: In-Wheel Motor Market Snapshot
Figure 29 Key Developments By Leading Players in the In-Wheel Motor Market From 2013–2018
Figure 30 In-Wheel Motor Market Ranking: 2017
Figure 31 SWOT Analysis: Protean Electric
Figure 32 SWOT Analysis: Elaphe Ltd
Figure 33 Ziehl-Abegg: SWOT Analysis
Figure 34 Printed Motor Works: SWOT Analysis
Figure 35 NTN: Company Snapshot
Figure 36 NTN: SWOT Analysis
Figure 37 NSK: Company Snapshot
Figure 38 Schaeffler: Company Snapshot

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  • Protean Electric
  • Elaphe
  • ZIEHL-ABEGG
  • Printed Motor Works
  • NTN
  • E-TRACTION
  • TM4
  • ECOmove
  • NSK
  • TAJIMA EV
  • Schaeffler
  • BMW
  • Nissan
  • Volkswagen
  • Daimler
  • Tesla
  • Chevy
  • Nissan
  • Yasa
  • General Motors
  • Ford
  • Volkswagen
  • Volvo
  • Mitsubishi Motors
  • Toyota
  • Honda
  • Hyundai
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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