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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 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.
Thirdly, the In-Wheel Motor offers a more scalable solution for EVs as it can be used in different-sized vehicles. This is because the In-Wheel Motor can be used in smaller vehicles such as motorcycles and scooters, as well as in larger vehicles such as cars and trucks.
Finally, the In-Wheel Motor is a more reliable solution for EVs as it does not require a gearbox. This is because the In-Wheel Motor is a direct drive motor, which means that there are no moving parts within the motor.
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Restraints & Challenges
Some of the key restraints and challenges in In-Wheel Motor market are as follows:
1. One of the key restraints for In-Wheel Motor is the high cost. The In-Wheel Motor system is a new technology and thus, the cost of the system is high. This high cost is a major restraint for the market growth.
2. In-Wheel Motor technology is still in its development stage. There are few manufacturers of In-Wheel Motor and thus, the technology is not widely available. This is a major challenge for market growth.
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Market Segmentation
MOTOR TYPE – Axial Flux Motor, Radial Flux Motor, POWER OUTPUT – Up to 60 KW, 60-90 KW, Above 90 KW, VEHICLE TYPE – Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle, COOLING TYPE – Air Cooling, Liquid Cooling, PROPULSION TYPE – Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle
Key Market Players:
The In-Wheel Motor Market includes players such as Schaeffler AG, Nissan Motors Corporation, Tesla, Saietta Group, Printed Motors Works, ZIEHL-ABEGG, Elaphe Ltd., NTN Corporation, Protean Electric, and ECOmove GmbH.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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