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.
The classification of In-wheel Motors includes Outer Rotor Type and Inner Rotor Type. The proportion of Outer Rotor Type in 2016 is about 96.94%, and the proportion is in increasing trend from 2012 to 2016 as the outer rotor is generally applied in the electric vehicles.
With more and more companies built plants here, China is the largest supplier of In-wheel Motors, with a production market share nearly 59.61% in 2016. With mature technology, Europe is the second largest supplier of In-wheel Motors, enjoying production market share nearly 33.80% in 2016.
With rapid growing electric vehicle industry, China is also the fast growing consumption place, with a consumption market share nearly 33.27% in 2016. With a lot of automotive and parts manufacturers, Europe is the largest consumption place with the consumption market share of 44.28%.
According to this study, over the next five years the In-wheel Motors market will register a 32.8% CAGR in terms of revenue, the global market size will reach USD 67 million by 2024, from USD 12 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in In-wheel Motors business, shared in Chapter 3.
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.
This study considers the In-wheel Motors value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Outer Rotor Type
Inner Rotor Type
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicle
Commercial Vehicle
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Protean Electric
Elaphe
e-Traction
ZIEHL-ABEGG
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global In-wheel Motors consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of In-wheel Motors market by identifying its various subsegments.
Focuses on the key global In-wheel Motors manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the In-wheel Motors with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of In-wheel Motors submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
