Global In-wheel Motors Market Growth 2023-2029

Global In-wheel Motors Market Growth 2023-2029

In-wheel motors allow torque to be applied at the wheel; the point where the torque is required. In-wheel motors occupy the most unobtrusive space inside the vehicle, leaving more volume inside the vehicle body for batteries and luggage.

Direct-drive, in-wheel motors require no gearboxes, driveshafts or differentials, thus giving far greater flexibility to vehicle designers while substantially reducing drivetrain losses. The reduced drivetrain losses mean less energy is wasted (during both acceleration and regenerative braking), resulting in more of the energy from the battery pack being available to propel the vehicle.

Each in-wheel motor can be controlled entirely independently, providing far greater control, performance and vehicle dynamics characteristics than any other drive system; traction control, launch control and torque vectoring are all easily implemented through the use of in-wheel motors.

LPI (LP Information)' newest research report, the “In-wheel Motors Industry Forecast” looks at past sales and reviews total world In-wheel Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected In-wheel Motors sales for 2023 through 2029. With In-wheel Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world In-wheel Motors industry.

This Insight Report provides a comprehensive analysis of the global In-wheel Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on In-wheel Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global In-wheel Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for In-wheel Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global In-wheel Motors.

The global In-wheel Motors market size is projected to grow from US$ 38 million in 2022 to US$ 288.4 million in 2029; it is expected to grow at a CAGR of 288.4 from 2023 to 2029.

Global In-wheel Motors main players are DSM, CSPC Pharma, Shandong Luwei, Northeast Pharma, etc. Global top four manufacturers hold a share over 80%. China is the largest market, with a share nearly 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of In-wheel Motors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Outer Rotor
Inner Rotor

Segmentation by application
Passenger Vehicle
Commercial Vehicle
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Protean Electric
Elaphe
e-Traction
ZIEHL-ABEGG

Key Questions Addressed in this Report

What is the 10-year outlook for the global In-wheel Motors market?

What factors are driving In-wheel Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do In-wheel Motors market opportunities vary by end market size?

How does In-wheel Motors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.