In-wheel Motors Market 2020 Global Industry Growth, Size, Share, Trends, Competitive Analysis, Key Players, And Regional Forecast To 2023

20/apr/2020 11:57:58 Automotive Market Research Reports Contatta l'autore

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The in-wheel motors market 2020 is presumed to exhibit substantial growth. The market projects immense growth opportunities on account of the thriving automotive industry. This report offered by Market Research Future (MRFR) underscores that the global in-wheel motors market is supposed to strike 20% CAGR over the assessment period.

Rising demand for efficient driving that enhances passenger experience is presumed to augment the in-wheel motors market. In-wheel motor unlocks a skidding tire which is expected to boost demand in the market. It enhances stability and traction control. These factors are supposed to drive the augmentation of the in-wheel motors market in the forthcoming years. Furthermore, the product also helps in barking torque or controlled monitoring, which is anticipated to impact the market growth favorably.

The product offered different torques to different wheels. Rising awareness about the function is supposed to catalyze the growth rate of the in-wheel motors market over the next few years. It is proven to enhance the efficiency of a vehicle by 20%. Also, it helps in bringing down the propulsion price. Thus, the in-wheel motors market is supposed to witness robust growth in the near future.  The product has gained much popularity and its rising awareness is presumed to lead the proliferation of the in-wheel motors market. It is extensively used in electric vehicles. Increasing shift to electric vehicles due to environmental concerns are projected to have a major impact on the in-wheel motors market. It is supposed to accelerate revenue creation in the foreseeable future. However, some of the factors that can pose challenge to in-wheel motors market growth are high cost, road shocks, etc. Also, the designing of motor-control software is a might adversely affect the installation of the product, thus, restraining expansion of the market.

Market Segmentation:

On the basis of motor type, the in-wheel motors market has been segmented into outer rotor type and inner rotor type.

By power output, the in-wheel motors market has been segmented into 50-90 KW, up to 50 KW, and Above 90 KW. 

Based on vehicle type, the in-wheel motors market has been segmented into light commercial vehicles, passenger cars, and heavy commercial vehicles. 

On the basis of cooling type, the in-wheel motors market has been segmented into air cooling and liquid cooling.

Regional Analysis:

The geographical evaluation of the automotive in-wheel motors market spans across the following regional segments – North America, Asia-Pacific, Europe, and the Rest of the World (RoW). These segments are further analyzed on the basis of countries to present a detailed insight. Europe in-wheel motors market is supposed to lead on the global front. The presence of developed industry for automobiles in the industry is resumed to augment the in-wheel motors market. Also, the implementation of stringent emission laws is projected to support the growth of the market in the nearby future. Growth of the OEMs in the region is also projected to influence the in-wheel motors market greatly. In addition, APAC is also supposed to exhibit substantial growth. The strong economic development of the region is anticipated to work in favor of market growth. Increasing production of automobiles is also presumed to have a positive impact on the in-wheel motors market.

Competitive Dashboard:

Schaeffler AG (Germany), Tesla (US), Nissan Motors Corporation (Japan), e-Traction B.V. (Netherlands), ZIEHL-ABEGG (Germany), Printed Motors Works (UK), Elaphe Ltd (Slovenia), Protean Electric (US), NTN Corporation (Japan), and ECOmove GmbH (Germany) are the key participants of the in-wheel motors market. These players are supposed to bring innovation and new products based on the latest industry trends. This, in turn, is supposed to intensify competition and augment the in-wheel motors market.

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