According to a new market research report published by Global Insight Services “In-Wheel Motor 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.
In-wheel motor is a type of electric motor that is mounted inside the wheel of a vehicle. This type of motor is used in electric vehicles, as well as some hybrid and fuel cell vehicles. In-wheel motors offer a number of advantages over traditional internal combustion engine (ICE) vehicles, including improved fuel efficiency, lower emissions, and quieter operation. In addition, in-wheel motors can provide torque vectoring, which improves handling and stability.
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Key Market Players:
The In-Wheel Motor Market includes players such as Schaeffler AG, Nissan Motors Corporation, Tesla, e-Traction B.V, Printed Motors Works, ZIEHL-ABEGG, Elaphe Ltd, NTN Corporation, Protean Electric, and ECOmove GmbH.
Key Trends
In-Wheel Motor technology is becoming increasingly popular in the automotive industry due to its many benefits.
In-Wheel Motors offer a more compact and efficient design than traditional automotive engines, and they are also more environmentally friendly.
In addition, In-Wheel Motors provide better traction and handling, and they are less likely to overheat.
Key Drivers
There are several key drivers of the In-Wheel Motor market.
Firstly, the In-Wheel Motor offers a more efficient and compact solution for electric vehicles (EVs) compared to the traditional electric motor. This is because the In-Wheel Motor is located within the wheel of the vehicle, which reduces the size and weight of the electric motor.
Secondly, the In-Wheel Motor offers a more efficient powertrain for EVs as it can provide power to the wheels directly. This is because the In-Wheel Motor is not connected to the transmission system, which means that there is no power loss through the transmission.
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Market Segments:
The In-Wheel Motor Market is segmented by motors type, power output, vehicle type, cooling type and region. By motors type the market is divided into inner and outer. Based on power output it is segmented into up to 50 KW, 50-90 KW and above 90 KW. On the basis of vehicle type it is bifurcated into passenger cars, LCV and HCV. By cooling type it is segmented into air cooling and liquid cooling. Region wise the market is divided into North America, Europe, Asia-Pacific and Rest of the World.
Reasons to buy In-Wheel Motor 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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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
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