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Automotive In-wheel Motor Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 331 | Report ID: MRS1134


Report Description

The global Automotive In-wheel Motor market size is estimated at USD 601.8 million in 2020, expanding at a CAGR 33.5% from 2021-2027 to reach 4,405 million USD in 2027.

Market Dynamics

An in-wheel motor is a motor that is installed on the axle and directly powers the wheels. It is employed in the drivetrain system of an electric car. It enhances the experience of driving and produces greater power. Because power passes directly from the engine to the wheels, the in-wheel motor lowers the distance power travels, increasing the motor's effectiveness.

Increased driving range, dependability, and greater vehicle performance are driving the expansion of the in-wheel motor industry. Incorporating power electronic devices into the system also helps to minimize vehicle component count, complexity, and expense. The method can also be used in conjunction with electric engines to improve performance by increasing the distance covered per charge. However, concerns such as expensive prices and increased unsprung weight in the tire are anticipated to limit the expansion of the in-wheel motor industry.

Regional Insights

The expansion of the automotive in-wheel motor market is related to the expansion of EV sales. Electric car sales have expanded dramatically, particularly in China, Japan, France, Germany, the Netherlands, the United Kingdom, Norway, and the United States. With favorable government incentives, regulations, and investments in infrastructure, these economies account for more than 90 percent of global EV sales.

During the projected period, the passenger car category is expected to make up the bulk of the market share. The rising use of in-wheel motors in passenger cars is ascribed to factors such as enhanced economy, higher power, high torque, and improved vehicle control in both new and current vehicles. Most EV manufacturers are concentrating on increasing total driving range, optimizing vehicle design, and reducing weight. Using in-wheel motors, EV manufacturers may assure optimal space usage as well as better power efficiency. Tier 1 firms, in addition to EV manufacturers, are interested in increasing the performance of electric vehicles in terms of driving range, weight, overall handling, and space. As a result, the passenger vehicle category will continue to dominate during the predicted period.

The market in Europe is predicted to increase rapidly as a result of high EV sales in recent years. Nations such as the United Kingdom, Germany, and Nordic countries dominate the market. Europe also has a large number of in-wheel motor producers, which helps to drive market expansion. Due to the strong rise in EV sales in countries such as China and Japan, Asia Pacific is likely to be the largest and strongest market for in-wheel motors.

Segment Insights

The Automotive In-wheel Motor market is classified into three categories: vehicle type, product type, and technology. The axial flux motor has higher efficiency and power density compared to the radial flux motor based on product type. It is small and may be installed in or near each tire of the vehicle. It is mostly employed in high-torque and low-speed applications. Axial flux motors are small, light, and extremely efficient. They may be utilized as straight drives in electric cars and are used to boost output torque and efficiency.

Competitive Insights

The market for Automotive In-wheel Motors is very fragmented, with both domestic and international companies participating. To stay competitive, large corporations engage in critical mergers and acquisitions, collaborations, and new product launches. Protean Electric and Local Motors, for example, renewed their long-standing collaboration in June 2021, inking and announcing three arrangements for USD 7.3 million. Protean Electric would supply its ProteanDrive in-wheel motor for Olli 2.0, Local Motors' electric autonomous shuttles, as part of the expanded relationship.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Automotive In-wheel Motors by technology, vehicle type, region, and product type. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Ziehl-Abegg SE
  • Tesla
  • Schaeffler AG
  • Protean Electric
  • Printed Motor Works
  • NTN Corporation
  • NSK
  • Nissan Motor Company LTD
  • MW Motors
  • Lordstown Motors
  • General Motors
  • Ford Motor Company
  • e-Traction B.V.
  • Elaphe Ltd.
  • Ecomove GmbH

Vehicle Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Passenger Cars
  • Commercial Vehicles

Product Type (Market Size & Forecast, Main Consumer Analysis etc.):

  • Axial Flux Motor
  • Radial Flux Motor

Technology Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • BEV
  • FCEV
  • HEV
  • PHEV

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Automotive In-wheel Motor market size is estimated at USD 601.8 million in 2020, expanding at a CAGR 33.5% from 2021-2027 to reach 4,405 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Automotive In-wheel Motor market size is expanding at a CAGR 33.5% from 2021-2027 to reach 4,405 million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The market for Automotive In-wheel Motors is very fragmented, with both domestic and international companies participating. To stay competitive, large corporations engage in critical mergers and acquisitions, collaborations, and new product launches. Protean Electric and Local Motors, for example, renewed their long-standing collaboration in June 2021, inking and announcing three arrangements for USD 7.3 million. Protean Electric would supply its ProteanDrive in-wheel motor for Olli 2.0, Local Motors' electric autonomous shuttles, as part of the expanded relationship.

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