In-Wheel Motors Market to Develop at 20% CAGR by 2023| Trends, Size, Demand, Status, Analysis And Forecast To 2023
Market Analysis
The global in-wheel
motors market size will develop at a 20% CAGR between the forecast period 2018-
2023, according to the new Market Research Future (MRFR) analysis. In-wheel
motors are a form of electric vehicle driven system. The motors are mounted on
the wheel directly to energize the wheel directly via supplying the torque to
the associated tires.
Various factors are
propelling the global in-wheel motors market share. According to the recent
MRFR market estimates, such factors include innovations in vehicle development,
latest vehicle dynamics, autonomous driving, advances in-wheel motor
technology, rising production of electric cars, increasing penetration in EVs,
increasing environmental awareness such as noise and air pollution, degradation
of naturally occurring resources, and global warming, stringent emission
regulations, the growing popularity of energy-efficient products, and
implementation to reduce vehicle weight by deducting the space that the
machines occupy.
On the contrary, an
increase in unsprung weight in wheel, high price, complex speed wheel, and the
on-going COVID-19 pandemic are factors that may deter the global in-wheel
motors market growth in the region.
Get
a FREE Report Sample -
https://www.marketresearchfuture.com/sample_request/7293
Market
Segmentation
The MRFR report
highlights an inclusive segmental analysis of the global in-wheel motors market
based on cooling type, vehicle type, power output, and motor type.
By motor type, the
global in-wheel motors market is segmented into outer rotor type and inner
rotor type.
By power output, the
global in-wheel motors market is segmented into above 90 KW, 50-90 KW, and up
to 50 KW.
By vehicle type, the
global in-wheel motors market is segmented into heavy commercial vehicles,
light commercial vehicles, and passenger cars. Of these, the passenger cars
segment will lead the market over the forecast period.
By cooling type, the
global in-wheel motors market is segmented into liquid cooling and air
cooling.
Regional Analysis
By region, the in-wheel
electric motors market covers the growth opportunity and recent trends across
Europe, North America, the Asia Pacific (APAC), & the Middle East and
Africa (MEA). Of these, Europe will have the lion's share in the market over
the forecast period. Investments by top vehicle OEMs, and stringent emission
norms and regulations are adding to the global in-wheel electric motors market
growth in the region.
In the APAC region, the
in-wheel electric motors market is predicted to have healthy growth over the
forecast period. Favorable government incentives and schemes, rising sales of
electric cars, significant production of electric cars in Japan, China, and
India, and the growing need for cost-effective and efficient alternatives for
conventional cars are adding to the global in-wheel electric motors market
growth in the region.
In North America, the
in-wheel electric motors market is predicted to have sound growth over the
forecast period. Adoption of advanced technologies to make efficient and
lightweight cars, rising investments by OEMs in the research and development
department to make in-wheel motors free from dirt and shocks, and capability to
improve car efficiency to eliminate mechanical components and reduce wear and
tear are adding to the global in-wheel electric motors market growth in the
region.
In the Rest of the
World, the in-wheel electric motors market is predicted to have admirable
growth over the forecast period.
Key Players
Leading contenders
profiled in the global in-wheel motors market report include ECOmove GmbH
(Germany), Protean Electric (US), NTN Corporation (Japan), Elaphe Ltd
(Slovenia), ZIEHL-ABEGG (Germany), Printed Motors Works (UK), e-Traction B.V.
(Netherlands), Tesla (US), Nissan Motors Corporation (Japan), and Schaeffler AG
(Germany). Industry players have incorporated several strategies to remain at
the forefront and also cater to customers surging needs, such as mergers and
acquisitions, partnerships and joint ventures, new product launches, and
others.
Get
a FREE Report Sample -
https://www.marketresearchfuture.com/sample_request/7293
Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is
driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research
Future (MRFR), we enable our customers to unravel the complexity of various
industries through our Cooked Research Report (CRR), Half-Cooked Research
Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and
Market Research & Consulting Edibles.
MRFR team have
supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which
help to answer all
their most important questions.
Media
Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send
Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com
Browse Complete Report - https://www.marketresearchfuture.com/reports/in-wheel-motors-market-7293
An extraordinarily charming web journal for this kind of subject, overflowing with each kind of information. If you need to scrutinize more on these associated subjects, you can see us at latest vehicle launch in india
ReplyDelete