In Wheel Motor Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ In Wheel Motor Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the In Wheel Motor market, with forecasts outspreading to the year 2030.
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In Wheel Motor Market Scope and Methodology:
The In Wheel Motor report provides an in-depth of the market landscape covering several critical factors. In the study, the report discusses the dynamics of the market, with particular emphasis on the latest trends, drivers, and opportunities affecting the industry.
The report covers the main competitors and In Wheel Motor market positions, providing valuable information about the competitive landscape. Key metrics such as sales, turnover, average selling price, and gross margin are analysed in depth while exploring key growth opportunities available to key players in the In Wheel Motor market.
In Wheel Motor Market Regional Insights
The report is divided into several notable countries. In various regions such as North America (United States, Canada, Mexico), Europe (United Kingdom, Germany, France, Spain, Italy, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN countries, South America (Brazil) and the Middle East and Africa, those countries are included.
In Wheel Motor Market Segmentation
by Propulsion
BEV
FCEV
HEV
PHEV
In terms of propulsion, the hybrid electric vehicle (HEV) sector had the most market share in 2023—roughly xx%—and is anticipated to experience rapid growth going forward. Hybrid and plug-in electric vehicles run mostly on electricity, enhancing the efficiency of conventional car designs. Three categories can be used to group this new breed of automobiles, which are referred to as electric drive cars: plug-in hybrid electric vehicles (PHEVs), all-electric vehicles (EVs), and hybrid electric vehicles (HEVs). When combined, they offer a significant potential to reduce gasoline consumption, and major manufacturers are producing this kind of car. Due to this vehicle type's extensive manufacture, this segment is anticipated to rise during the projection period.
by Vehicle Type
Passenger Car
Commercial Vehicle
With the biggest market share of roughly % in 2023, the passenger car segment led the in-wheel motor market by vehicle type. This trend is anticipated to continue till the conclusion of the forecast period. Improved vehicle control in both new and old vehicles, as well as higher power, high torque, and increased efficiency, could be contributing causes to the growing usage of in-wheel motors in passenger cars. The majority of EV producers are focusing on lowering weight, improving vehicle design, and extending overall driving range. EV manufacturers are able to guarantee improved power efficiency and maximum space utilization by utilizing in-wheel motors. Along with EV manufacturers, Tier 1 businesses are keen to improve the efficiency of electric vehicles in terms of weight, driving range, space, and other factors.
by Motor Type
Axial Flux Motor
Radial Flux Motor
According to motor type, the Axial Flux Motor segment accounted for the biggest market share and is projected to expand at a compound annual growth rate (CAGR) of % throughout the forecast period. The Permanent Magnet (PM) motor has become a hotspot in power electronics drives and has found several applications in various industries because to its high torque density, efficiency, and power factor. In recent times, PM machine topologies have predominantly been classified as axial flux PM machines and radial flux PM machines. Higher torque density, improved heat removal, and a more compact design are just a few advantages that the axial flux machine has over the radial flux machine. These benefits are increased when the aspect ratio is reduced. Due to space constraints in different drive systems.
by Cooling Type
Air-cooled
Liquid-cooled
by Power Output Type
Up to 60 KW
60–90 KW
Above 90 KW
by Vehicle Class
Mid-priced
Luxury
by Motor Weight
Less than 20 Kg
20-30 Kg
Above 30 Kg
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In Wheel Motor Market Key Players
1. General Motors (US)
2. Tesla (US)
3. The Orbis Ring Drive Wheel (US)
4. ORBIS Wheels, Inc. (US)
5. BYD Motors LLC (US)
6. DANA TM4 INC. (Canada)
7. YASA Limited (UK)
8. PMW Dynamics (UK)
9. Protean Electric (UK)
10.ECOmove GmbH (Germany)
11.Bayerische Motoren Werke AG (Germany)
12.Volkswagen AG (Germany)
13.Schaeffler AG (Germany)
14.Ziehl-Abegg SE (Germany)
15.ELAPHE LTD. (Slovenia)
16.GEM motors d.o.o. (Slovenia)
17.NSK Ltd. (Japan)
18.NTN Corporation (Japan)
19.Toyota Motor Corporation (Japan)
20.TAJIMA MOTOR CORPORATION (Japan)
21.Nissan Motor Corporation (Japan)
22.Honda Motor Co., Ltd. (Japan)
23.HYUNDAI MOTOR GROUP (South Korea)
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Key questions answered in the In Wheel Motor Market are:
- What is In Wheel Motor?
- What was the In Wheel Motor market size in 2023?
- What is the growth rate of the In Wheel Motor Market?
- Which are the factors expected to drive the In Wheel Motor market growth?
- What is the CAGR at which the In Wheel Motor market will grow during the forecast period?
- What are the different segments of the In Wheel Motor Market?
- Which is the fastest-growing region in the In Wheel Motor market?
- What growth strategies are the players considering to increase their presence in In Wheel Motor?
- What are the upcoming opportunities and trends for the In Wheel Motor Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the In Wheel Motor Market?
- Who are the leading companies and what are their portfolios in In Wheel Motor Market?
- What segments are covered in the In Wheel Motor Market?
- Who are the key players in the In Wheel Motor market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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