New York, According to a new market research report published by Global Insight Services “Automotive In-Wheel Motors Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive in-wheel motors are electric motors that are mounted inside the wheels of a vehicle. These motors are used to power the wheels of the vehicle and provide propulsion. In-wheel motors are typically used in electric and hybrid vehicles. They offer several advantages over traditional internal combustion engines, including improved fuel efficiency and emissions. In-wheel motors also allow for a more compact and lightweight vehicle design.
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Key Trends
The automotive industry is constantly evolving and developing new technologies to improve the safety, performance, and efficiency of vehicles. One such technology that is gaining popularity in the automotive world is in-wheel motors. In-wheel motors are electric motors that are mounted within the wheels of a vehicle.
In-wheel motors offer a number of advantages over traditional internal combustion engines. They are more efficient, generate less noise and vibration, and are less expensive to maintain.
The key trend in in-wheel motors is the increasing adoption of this technology by major automakers. In-wheel motors are already being used in a number of production vehicles, and their popularity is only expected to grow in the coming years.
Key Drivers
The key drivers of this market are the increasing demand for electric vehicles (EVs), the need for better fuel efficiency and emissions reduction, and the growing demand for advanced driver assistance systems (ADAS).
Electric vehicles are gaining popularity due to the increasing concerns about the environment and the need for better fuel efficiency.
The in-wheel motors offer several advantages over the traditional ICE (internal combustion engine) vehicles, such as higher efficiency, lower emissions, and better torque delivery.
Market Segments
The automotive in-wheel motors market is segmented by product, technology, vehicle, and region. By product, the market is classified into axial flux motor and radial flux motor. Based on technology, it is bifurcated into BEV, HEV, and PHEV. On the basis of vehicle, it is divided into passenger cars and commercial vehicles. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global automotive In-wheel motors market includes players such as Protean Electric, Elaphe, Ziehl-Abegg, Printed Motor Works, NTN, TM4, Heinzmann GmbH & Co. KG, YASA Limited, Ecomove GmbH, Lordstown Motors, and others.
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Reasons to buy Automotive In-Wheel Motors Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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