Forecast Period 
Market Size (Base Year) 
Market Size (Forecast Year)
CAGRGlobal Automotive in Wheel Motors Market, By Component (Suspension, Rotor and Stator, Wheel Bearings, Regenerative Braking System), Cooling Type (Air Cooling, Liquid Cooling), Motor Type (Axial Flux Motor, Radial Flux Motor), Power Output (Up to 60 KW, 60-90 KW, Above 90 KW), Propulsion Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)) - Industry Trends and Forecast to 2029
Market Analysis and Size
In-wheel motors are considered highly important in the automotive sector in delivering different torques to different wheels. These motors provide improved handling and stability during high speeds. These systems are known to increase overall efficiency of the vehicle by overall 20% while reducing the overall propulsion system price.
Global Automotive in Wheel Motors Market was valued at USD 1098.64 million in 2021 and is expected to reach USD 12835.10 million by 2029, registering a CAGR of 35.97% during the forecast period of 2022-2029. Passenger Car accounts for the largest vehicle type segment in the respective market owing to the increased consumer preference for economic car options. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
In-wheel motors refer to the electric motors that are specifically installed in wheels of electric vehicles. These are deliver improved performance by directly powering wheels of the vehicle. Conventional electric vehicles consist of one motor that is responsible for propelling all wheels of an EV.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Forecast Period |
2022 - 2029 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Component (Suspension, Rotor and Stator, Wheel Bearings, Regenerative Braking System), Cooling Type (Air Cooling, Liquid Cooling), Motor Type (Axial Flux Motor, Radial Flux Motor), Power Output (Up to 60 KW, 60-90 KW, Above 90 KW), Propulsion Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa |
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Market Players Covered |
Protean (UK), Elaphe LTD (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), NTN Bearing Corporation (Japan), e-Traction B.V. (Netherlands), ECOMOVE (Germany), NSK Ltd. (Japan), TAJIMA MOTOR CORPORATION. (Japan), YASA Limited (UK), Schaeffler India Limited (India), General Motors (US), Tesla (US), Ford Motor Company (US), Mitsubishi Electric Corporation (Japan), Toyota (Japan), Hyundai Motor Company (South Korea), and Nissan (Japan), among others |
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Market Opportunities |
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Automotive in Wheel Motors Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Vehicle Production
The increase in the demand for high performance and reliability of automobiles among consumers acts as one of the major factor driving the growth of automotive in wheel motors market. The rise in demand for these enhanced vehicles escalate vehicle production.
- Electric Vehicle (EV) Sales
The increase in the electric vehicle (EV) sales across the globe accelerate the electric vehicle market. The consumer preference is rapidly inclining towards passenger and commercial electric vehicle (EV) due to the rising environmental consciousness.
- Government Initiatives
The surge in government initiatives towards automotive in wheels through publicity and promotions, or through implementation of regulations. These activities encourage customer to focus on robust safety systems that further expands the market.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the automotive in wheel motors market.
Opportunities
Furthermore, change in the regulatory environment globally extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, trend of autonomous technology in vehicles will further escalate the growth of automotive in wheel motors market.
Restraints/Challenges faced by the Automotive in Wheel Motors Market
On the other hand, high cost associated with the automotive in wheel motors and increase in unsprung weight in wheels are expected to obstruct market growth. Also, complexity in controlling individual wheel speed and rise in incidents of failure are projected to challenge the automotive in wheel motors market in the forecast period of 2022-2029.
This automotive in wheel motors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive in wheel motors market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Automotive in Wheel Motors Market
The COVID-19 had a negative impact on the automotive in wheel motors market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for automotive in wheel motors. The supply chain got hampered during the pandemic along with delay logistics activities. However, the automotive in wheel motors market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Global Automotive in Wheel Motors Market Scope
The automotive in wheel motors market is segmented on the basis of component, cooling type, motor type, power output, propulsion type and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Suspension
- Rotor and Stator
- Wheel Bearings
- Regenerative Braking System
Cooling Type
- Air Cooling
- Liquid Cooling
Motor Type
- Axial Flux Motor
- Radial Flux Motor
Power Output
- Up to 60 KW
- 60-90 KW
- Above 90 KW
Propulsion Type
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
Vehicle Type
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
Automotive in Wheel Motors Market Regional Analysis/Insights
The automotive in wheel motors market is analyzed and market size insights and trends are provided by country, component, cooling type, motor type, power output, propulsion type and vehicle type.
The countries covered in the automotive in wheel motors market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive in wheel motors market because of the increase in preference for pickup trucks and SUVs, and availability of better leasing options within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the government incentives such as rural subsidies and tax breaks in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive in Wheel Motors Market Share Analysis
The automotive in wheel motors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive in wheel motors market.
Some of the major players operating in the automotive in wheel motors market are
- Protean (UK)
- Elaphe LTD (Slovenia)
- ZIEHL-ABEGG (Germany)
- Printed Motor Works (UK)
- NTN Bearing Corporation (Japan)
- e-Traction B.V. (Netherlands)
- ECOMOVE (Germany)
- NSK Ltd. (Japan)
- TAJIMA MOTOR CORPORATION. (Japan)
- YASA Limited (UK)
- Schaeffler India Limited (India)
- General Motors (US)
- Tesla (US)
- Ford Motor Company (US)
- Mitsubishi Electric Corporation (Japan)
- Toyota (Japan)
- Hyundai Motor Company (South Korea)
- Nissan (Japan)
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