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%.
Global In-wheel Motors market size will reach 110 million US$ by 2025, from 12 million US$ in 2018, at a CAGR of 32.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for In-wheel Motors.
This industry study presents the global In-wheel Motors market size, historical breakdown data (2014-2019) and forecast (2019-2025). The In-wheel Motors production, revenue and market share by manufacturers, key regions and type;
The consumption of In-wheel Motors in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Protean Electric, Elaphe, etc.
The following manufacturers are covered in this report:
In-wheel Motors Breakdown Data by Type
Outer Rotor Type
Inner Rotor Type
In-wheel Motors Breakdown Data by Application
In-wheel Motors Production by Region
In-wheel Motors Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global In-wheel Motors status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key In-wheel Motors manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of In-wheel Motors :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of In-wheel Motors market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.