Table of Content

"1    INTRODUCTION    20
1.1    STUDY OBJECTIVES    20
1.2    MARKET DEFINITION    21
1.3    MARKET SCOPE    24
1.3.1    MARKETS COVERED    24
FIGURE 1    IN-WHEEL MOTOR MARKET SEGMENTATION    24
1.3.2    INCLUSIONS & EXCLUSIONS    24
TABLE 1    INCLUSIONS & EXCLUSIONS    24
1.3.3    YEARS CONSIDERED FOR THE STUDY    25
1.4    PACKAGE SIZE    25
1.5    STAKEHOLDERS    25
1.6    SUMMARY OF CHANGES    26
2    RESEARCH METHODOLOGY    27
2.1    RESEARCH DATA    27
FIGURE 2    IN-WHEEL MOTOR MARKET: RESEARCH DESIGN    27
FIGURE 3    RESEARCH METHODOLOGY MODEL    28
2.1.1    SECONDARY DATA    28
2.1.1.1    Key secondary sources    29
2.1.1.2    Key data from secondary sources    30
2.1.2    PRIMARY DATA    31
FIGURE 4    BREAKDOWN OF PRIMARY INTERVIEWS    31
2.1.2.1    List of primary participants    32
2.2    MARKET ESTIMATION METHODOLOGY    32
FIGURE 5    RESEARCH METHODOLOGY: HYPOTHESIS BUILDING    33
2.3    MARKET SIZE ESTIMATION    34
2.3.1    BOTTOM-UP APPROACH    34
FIGURE 6    MARKET SIZE ESTIMATION METHODOLOGY FOR THE IN-WHEEL MOTOR MARKET: BOTTOM-UP APPROACH    34
FIGURE 7    IN-WHEEL MOTOR MARKET SIZE ESTIMATION APPROACH    35
2.3.2    TOP-DOWN APPROACH    36
FIGURE 8    MARKET SIZE ESTIMATION METHODOLOGY FOR THE IN-WHEEL MOTOR MARKET: TOP-DOWN APPROACH    36
FIGURE 9    IN-WHEEL MOTOR MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF NTN CORPORATION’S IN-WHEEL MOTOR REVENUE ESTIMATION    36
FIGURE 10    IN-WHEEL MOTOR MARKET: RESEARCH DESIGN & METHODOLOGY    37
FIGURE 11    CAGR PROJECTIONS: FACTOR ANALYSIS    37
2.4    MARKET BREAKDOWN AND DATA TRIANGULATION    38
FIGURE 12    DATA TRIANGULATION    38
2.5    FACTOR ANALYSIS    39
2.5.1    FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE    39
2.6    ASSUMPTIONS    40
2.7    RESEARCH LIMITATIONS    40
3    EXECUTIVE SUMMARY    41
FIGURE 13    IN-WHEEL MOTOR MARKET: MARKET OVERVIEW    42
FIGURE 14    IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    42
FIGURE 15    IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026    43
FIGURE 16    IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021 VS. 2026 (UNITS)    44
4    PREMIUM INSIGHTS    45
4.1    ATTRACTIVE GLOBAL OPPORTUNITIES IN THE IN-WHEEL MOTOR MARKET    45
FIGURE 17    GROWING EFFORTS TOWARD IMPROVING PERFORMANCE OF ELECTRIC VEHICLES TO DRIVE THE IN-WHEEL MOTOR MARKET    45
4.2    IN-WHEEL MOTOR MARKET, BY POWER OUTPUT    46
FIGURE 18    UP TO 60 KW SEGMENT EXPECTED TO LEAD THE MARKET    46
4.3    IN-WHEEL MOTOR MARKET, BY MOTOR TYPE    46
FIGURE 19    RADIAL FLUX MOTOR EXPECTED TO HOLD LARGER MARKET SHARE    46
4.4    IN-WHEEL MOTOR MARKET, BY PROPULSION TYPE    47
FIGURE 20    BEV EXPECTED TO DOMINATE THE MARKET DURING FORECAST PERIOD    47
4.5    IN-WHEEL MOTOR MARKET, BY VEHICLE TYPE    47
FIGURE 21    PASSENGER CARS EXPECTED TO LEAD MARKET    47
4.6    IN-WHEEL MOTOR MARKET, BY REGION    48
FIGURE 22    ASIA PACIFIC ESTIMATED TO HOLD LARGEST SHARE OF IN-WHEEL MOTOR MARKET IN 2021 (UNITS)    48
5    MARKET OVERVIEW    49
5.1    INTRODUCTION    49
5.2    MARKET DYNAMICS    50
FIGURE 23    IN-WHEEL MOTOR MARKET DYNAMICS    50
5.2.1    DRIVERS    50
5.2.1.1    Improved dynamics, increased simplicity, and efficiency of vehicles    50
5.2.1.2    Reduced weight and provides more space    51
5.2.1.3    Increase in investments & rise in mergers & acquisitions    51
5.2.1.4    Increasing penetration of electric vehicles globally    51
FIGURE 24    GLOBAL EV AND BEV PASSENGER CAR SALES    52
5.2.2    RESTRAINTS    52
5.2.2.1    Increase in unsprung weight in wheels    52
5.2.2.2    Inability to mount on conventional vehicles    52
5.2.3    OPPORTUNITIES    53
5.2.3.1    Change in the regulatory environment globally    53
TABLE 2    CHANGE IN REGULATORY ENVIRONMENT GLOBALLY    53
5.2.3.2    Rising opportunities for commercial and off-highway electric vehicles    54
5.2.3.3    Rising trend of autonomous technology in vehicles    55
TABLE 3    AUTONOMOUS VEHICLE DEVELOPMENTS    55
5.2.4    CHALLENGES    56
5.2.4.1    High costs    56
5.2.4.2    Complexity in controlling individual wheel speed    56
5.2.4.3    Rise in incidents of failure    56
TABLE 4    IMPACT OF MARKET DYNAMICS ON IN-WHEEL MOTOR MARKET    57
5.3    PORTER’S FIVE FORCES ANALYSIS    58
FIGURE 25    PORTER’S FIVE FORCES ANALYSIS: CONSISTENT EFFORTS FOR PRODUCT IMPROVEMENT INCREASES THE DEGREE OF COMPETITION    58
TABLE 5    IN-WHEEL MOTOR MARKET: IMPACT OF PORTERS FIVE FORCES    59
5.3.1    THREAT OF SUBSTITUTES    59
5.3.2    THREAT OF NEW ENTRANTS    59
5.3.3    BARGAINING POWER OF BUYERS    59
5.3.4    BARGAINING POWER OF SUPPLIERS    59
5.3.5    RIVALRY AMONG EXISTING COMPETITORS    60
5.4    SUPPLY CHAIN ANALYSIS    60
FIGURE 26    IN-WHEEL MOTOR MARKET: SUPPLY CHAIN ANALYSIS    60
5.4.1    IN-WHEEL MOTOR MANUFACTURERS    61
5.4.2    COMPONENT MANUFACTURERS    61
5.4.3    OEMS    61
5.5    ECOSYSTEM    61
FIGURE 27    IN-WHEEL MOTOR MARKET: ECOSYSTEM    61
TABLE 6    IN-WHEEL MOTOR MARKET: ROLE OF COMPANIES IN ECOSYSTEM    62
5.6    TECHNOLOGY ANALYSIS    63
5.6.1    INTRODUCTION    63
5.6.2    IN-WHEEL MOTOR WITH 360 DEGREE STEERING    63
FIGURE 28    360-DEGREE CORNER MODULE    63
5.6.3    IN-WHEEL MODULAR PLATFORM WITH SOFTWARE INTEGRATION    64
5.6.4    INDEPENDENT WHEEL TORQUE CONTROL    64
5.7    PRICING ANALYSIS    64
FIGURE 29    IN-WHEEL MOTOR MARKET: APPROXIMATE PRICE OF MOTORS BY YEAR    64
FIGURE 30    EV POWERTRAIN COST BREAKDOWN IN 2025 (ESTIMATE)    65
5.8    PATENT ANALYSIS    66
5.9    CASE STUDIES    67
5.9.1    ELECTRIC PICK-UP TRUCKS EQUIPPED WITH IN-WHEEL MOTORS BY LORDSTOWN MOTORS    67
5.9.2    ELAPHE’S L1500 IN-WHEEL MOTORS    67
5.9.3    LEXUS LF-30 CONCEPT CAR WITH IN-WHEEL MOTOR    67
5.9.4    NISSAN BLADEGLIDER EQUIPPED WITH TWO IN-WHEEL MOTORS    68

5.10    COVID-19 HEALTH ASSESSMENT    68
FIGURE 31    COVID-19: GLOBAL PROPAGATION    68
FIGURE 32    COVID-19 PROPAGATION: SELECT COUNTRIES    69
5.11    COVID-19 ECONOMIC ASSESSMENT    70
FIGURE 33    REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020    70
5.11.1    COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT    71
FIGURE 34    CRITERIA IMPACTING GLOBAL ECONOMY    71
FIGURE 35    SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY    72
5.12    IN-WHEEL MOTOR MARKET: COVID-19 IMPACT    73
5.12.1    IMPACT ON RAW MATERIAL SUPPLY    73
5.12.2    IMPACT ON EV DEMAND    73
5.12.3    OEM ANNOUNCEMENTS    74
TABLE 7    OEM ANNOUNCEMENTS    74
5.13    IN-WHEEL MOTOR MARKET SCENARIO ANALYSIS    74
FIGURE 36    IMPACT OF COVID-19 ON IN-WHEEL MOTOR MARKET    74
5.13.1    IN-WHEEL MOTOR MARKET - MOST LIKELY SCENARIO    75
TABLE 8    IN-WHEEL MOTOR MARKET (MOST LIKELY SCENARIO), BY REGION,
2021–2026 (UNITS)    75
5.13.2    IN-WHEEL MOTOR MARKET - OPTIMISTIC SCENARIO    75
TABLE 9    IN-WHEEL MOTOR MARKET (OPTIMISTIC), BY REGION, 2021–2026 (UNITS)    75
5.13.3    IN-WHEEL MOTOR MARKET – PESSIMISTIC SCENARIO    76
TABLE 10    IN-WHEEL MOTOR MARKET (PESSIMISTIC), BY REGION, 2021–2026 (UNITS)    76
5.14    IN-WHEEL MOTOR MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS    76
FIGURE 37    KEY FUTURE TRENDS/DISRUPTIONS EXPECTED TO IMPACT THE IN-WHEEL MOTOR MARKET    76
6    IN-WHEEL MOTOR MARKET, BY COMPONENT    78
6.1    INTRODUCTION    78
6.2    SUSPENSION    78
6.3    ROTOR AND STATOR    78
6.4    WHEEL BEARINGS    78
6.5    REGENERATIVE BRAKING SYSTEM    78
7    IN-WHEEL MOTOR MARKET, BY MOTOR WEIGHT    79
7.1    INTRODUCTION    79
7.2    OPERATIONAL DATA    79
7.3    LESS THAN 20 KG    79
7.4    20-30 KG    80
7.5    ABOVE 30 KG    80

8    IN-WHEEL MOTOR MARKET, BY COOLING TYPE    81
8.1    INTRODUCTION    82
TABLE 11    IN-WHEEL MOTOR MARKET, BY COOLING TYPE, 2018–2020 (UNITS)    82
TABLE 12    IN-WHEEL MOTOR MARKET, BY COOLING TYPE, 2021–2026 (UNITS)    82
FIGURE 38    LIQUID-COOLED IN-WHEEL MOTOR SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD    83
8.2    OPERATIONAL DATA    83
TABLE 13    IN-WHEEL MOTOR OFFERING, BY COOLING TYPE    83
8.3    ASSUMPTIONS    84
TABLE 14    ASSUMPTIONS: BY COOLING TYPE    84
8.4    RESEARCH METHODOLOGY    84
8.5    AIR-COOLED IN-WHEEL MOTOR    85
8.5.1    ANTICIPATED GROWTH IN LOW POWERED COMPACT EVS TO DRIVE THE AIR-COOLED IN-WHEEL MOTOR SEGMENT    85
TABLE 15    AIR-COOLED IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    85
TABLE 16    AIR-COOLED IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    85
8.6    LIQUID-COOLED IN-WHEEL MOTOR    86
8.6.1    CONSISTENT IMPROVEMENT IN EV POWER EXPECTED TO BOOST THE GROWTH OF LIQUID-COOLED IN-WHEEL MOTORS    86
TABLE 17    LIQUID-COOLED IN-WHEEL MOTOR MARKET, BY REGION,
2018–2020 (UNITS)    86
TABLE 18    LIQUID-COOLED IN-WHEEL MOTOR MARKET, BY REGION,
2021–2026 (UNITS)    86
8.7    KEY PRIMARY INSIGHTS    87
9    IN-WHEEL MOTOR MARKET, BY MOTOR TYPE    88
9.1    INTRODUCTION    89
TABLE 19    IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    89
TABLE 20    IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    89
FIGURE 39    RADIAL FLUX MOTOR EXPECTED TO LEAD THE IN-WHEEL MOTOR MARKET DURING THE FORECAST PERIOD    90
9.2    OPERATIONAL DATA    90
TABLE 21    IN-WHEEL MOTOR TYPES    90
9.3    ASSUMPTIONS    91
TABLE 22    ASSUMPTIONS: BY MOTOR TYPE    91
9.4    RESEARCH METHODOLOGY    91
9.5    AXIAL FLUX MOTOR    92
9.5.1    AXIAL FLUX MOTOR SEGMENT TO BE DRIVEN BY GROWING INCLINATION TOWARD COMPACT EVS    92
TABLE 23    AXIAL FLUX IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    92
TABLE 24    AXIAL FLUX IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    92

9.6    RADIAL FLUX MOTOR    93
9.6.1    RADIAL FLUX IN-WHEEL MOTORS TO REMAIN A LARGER SEGMENT DUE
TO THEIR HIGHER EFFICIENCY    93
TABLE 25    RADIAL FLUX IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    93
TABLE 26    RADIAL FLUX IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    93
9.7    KEY PRIMARY INSIGHTS    93
10    IN-WHEEL MOTOR MARKET, BY POWER OUTPUT    94
10.1    INTRODUCTION    95
TABLE 27    IN-WHEEL MOTOR MARKET, BY POWER OUTPUT, 2018–2020 (UNITS)    95
TABLE 28    IN-WHEEL MOTOR MARKET, BY POWER OUTPUT, 2021–2026 (UNITS)    95
FIGURE 40    IN-WHEEL MOTORS HAVING POWER OUTPUT UP TO 60 KW EXPECTED
TO BE THE LARGEST SEGMENT FROM 2021–2026    96
10.2    OPERATIONAL DATA    96
10.3    ASSUMPTIONS    97
TABLE 29    ASSUMPTIONS: BY POWER OUTPUT    97
10.4    RESEARCH METHODOLOGY    97
10.5    UP TO 60 KW    98
10.5.1    AVAILABILITY OF A LARGE NUMBER OF VEHICLES WITH POWER OUTPUT UP
TO 60 KW DRIVE THIS SEGMENT    98
TABLE 30    UP TO 60 KW IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    98
TABLE 31    UP TO 60 KW IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    98
10.6    60-90 KW    99
10.6.1    ELECTRIC BUSES AND PICK-UP TRUCKS TO EMERGE AS PROMISING APPLICATIONS OF 60-90 KW MOTORS    99
TABLE 32    60-90 KW IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    99
TABLE 33    60-90 KW IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    99
10.7    ABOVE 90 KW    100
10.7.1    INCREASING DEVELOPMENT OF HIGH-PERFORMANCE ELECTRIC VEHICLES WILL BOOST THE SEGMENT    100
TABLE 34    ABOVE 90 KW IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    100
TABLE 35    ABOVE 90 KW IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    100
10.8    KEY PRIMARY INSIGHTS    100
11    IN-WHEEL MOTOR MARKET, BY PROPULSION TYPE    101
11.1    INTRODUCTION    102
TABLE 36    IN-WHEEL MOTOR MARKET, BY PROPULSION TYPE, 2018–2020 (UNITS)    102
TABLE 37    IN-WHEEL MOTOR MARKET, BY PROPULSION TYPE, 2021–2026 (UNITS)    103
FIGURE 41    BEV SEGMENT IS EXPECTED TO LEAD IN-WHEEL MOTOR MARKET FROM 2021–2026    103
11.2    OPERATIONAL DATA    104
TABLE 38    POPULAR EVS ACROSS THE WORLD: UNIT SALES, 2020    104
11.3    ASSUMPTIONS    105
TABLE 39    ASSUMPTIONS: BY PROPULSION TYPE    105
11.4    RESEARCH METHODOLOGY    105
11.5    BATTERY ELECTRIC VEHICLE (BEV)    106
11.5.1    HIGH BEV SALES WORLDWIDE TO SUPPORT THE GROWTH OF THIS SEGMENT    106
TABLE 40    BEV IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    106
TABLE 41    BEV IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    106
11.6    FUEL CELL ELECTRIC VEHICLE (FCEV)    107
11.6.1    GROWING GOVERNMENT INITIATIVES TOWARD FUEL CELL DEVELOPMENT EXPECTED TO BOOST DEMAND    107
TABLE 42    FCEV IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    107
TABLE 43    FCEV IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    107
11.7    HYBRID ELECTRIC VEHICLE (HEV)    108
11.7.1    HIGHER EFFICIENCY & RELIABILITY OF HEVS DRIVE THEIR DEMAND    108
TABLE 44    HEV IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    108
TABLE 45    HEV IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    108
11.8    PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)    109
11.8.1    HIGH ELECTRIC RANGE OF PHEVS WILL DRIVE THE MARKET SIGNIFICANTLY    109
TABLE 46    PHEV IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    109
TABLE 47    PHEV IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    110
11.9    KEY PRIMARY INSIGHTS    110
12    IN-WHEEL MOTOR MARKET, BY VEHICLE TYPE    111
12.1    INTRODUCTION    112
TABLE 48    IN-WHEEL MOTOR MARKET, BY VEHICLE TYPE, 2018–2020 (UNITS)    112
TABLE 49    IN-WHEEL MOTOR MARKET, BY VEHICLE TYPE, 2021–2026 (UNITS)    112
TABLE 50    IN-WHEEL MOTOR MARKET, BY VEHICLE TYPE, 2018–2020 (USD MILLION)    112
TABLE 51    IN-WHEEL MOTOR MARKET, BY VEHICLE TYPE, 2021–2026 (USD MILLION)    113
FIGURE 42    PASSENGER CARS SEGMENT EXPECTED TO LEAD THE MARKET FOR IN-WHEEL MOTORS DURING FORECAST PERIOD    113
12.2    OPERATIONAL DATA    113
TABLE 52    EUROPE: ELECTRIC VEHICLE SALES, BY VEHICLE TYPE, 2018–2020 (UNITS)    113
TABLE 53    ASIA PACIFIC: ELECTRIC VEHICLE SALES, BY VEHICLE TYPE,
2018–2020 (UNITS)    114
TABLE 54    NORTH AMERICA: ELECTRIC VEHICLE SALES, BY VEHICLE TYPE,
2018–2020 (UNITS)    114
12.3    ASSUMPTIONS    114
TABLE 55    ASSUMPTIONS: VEHICLE TYPE    114
12.4    RESEARCH METHODOLOGY    115
12.5    PASSENGER CARS (PC)    115
12.5.1    HIGH PASSENGER CAR SALES WORLDWIDE TO ENSURE THE DOMINANCE OF THIS SEGMENT    115
TABLE 56    PASSENGER CARS IN-WHEEL MOTOR MARKET, BY REGION,
2018–2020 (UNITS)    115
TABLE 57    PASSENGER CARS IN-WHEEL MOTOR MARKET, BY REGION,
2021–2026 (UNITS)    116
TABLE 58    PASSENGER CARS IN-WHEEL MOTOR MARKET, BY REGION,
2018–2020 (USD MILLION)    116
TABLE 59    PASSENGER CARS IN-WHEEL MOTOR MARKET, BY REGION,
2021–2026 (USD MILLION)    116
12.6    COMMERCIAL VEHICLES (CV)    117
12.6.1    HIGHER PENETRATION OF IN-WHEEL MOTORS IN COMMERCIAL VEHICLES
TO DRIVE THE SEGMENT GROWTH    117
TABLE 60    COMMERCIAL VEHICLES IN-WHEEL MOTOR MARKET, BY REGION,
2018–2020 (UNITS)    117
TABLE 61    COMMERCIAL VEHICLES IN-WHEEL MOTOR MARKET, BY REGION,
2021–2026 (UNITS)    117
TABLE 62    COMMERCIAL VEHICLES IN-WHEEL MOTOR MARKET, BY REGION,
2018–2020 (USD MILLION)    117
TABLE 63    COMMERCIAL VEHICLES IN-WHEEL MOTOR MARKET, BY REGION,
2021–2026 (USD MILLION)    118
12.7    KEY PRIMARY INSIGHTS    118
13    IN-WHEEL MOTOR MARKET, BY VEHICLE CLASS    119
13.1    INTRODUCTION    120
TABLE 64    IN-WHEEL MOTOR MARKET, BY VEHICLE CLASS, 2018–2020 (UNITS)    120
TABLE 65    IN-WHEEL MOTOR MARKET, BY VEHICLE CLASS, 2021–2026 (UNITS)    120
FIGURE 43    MID-PRICED SEGMENT EXPECTED TO LEAD IN-WHEEL MOTOR MARKET DURING FORECAST PERIOD    121
13.2    OPERATIONAL DATA    121
TABLE 66    POPULAR EVS ACROSS THE WORLD, BY VEHICLE CLASS    121
13.3    ASSUMPTIONS    122
TABLE 67    ASSUMPTIONS: BY VEHICLE CLASS    122
13.4    RESEARCH METHODOLOGY    122
13.5    MID-PRICED    123
13.6    LUXURY    123
13.7    KEY PRIMARY INSIGHTS    123
14    IN-WHEEL MOTOR MARKET, BY REGION    124
14.1    INTRODUCTION    125
FIGURE 44    IN-WHEEL MOTOR MARKET, BY REGION, 2021 VS. 2026    125
TABLE 68    IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (UNITS)    125
TABLE 69    IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (UNITS)    126
TABLE 70    IN-WHEEL MOTOR MARKET, BY REGION, 2018–2020 (USD MILLION)    126
TABLE 71    IN-WHEEL MOTOR MARKET, BY REGION, 2021–2026 (USD MILLION)    126
14.2    ASIA PACIFIC    127
FIGURE 45    CHINA EXPECTED TO LEAD IN-WHEEL MOTOR MARKET IN ASIA PACIFIC DURING FORECAST PERIOD    127
TABLE 72    ASIA PACIFIC: IN-WHEEL MOTOR MARKET, BY COUNTRY, 2018–2020 (UNITS)    127
TABLE 73    ASIA PACIFIC IN-WHEEL MOTOR MARKET, BY COUNTRY, 2021–2026 (UNITS)    128
TABLE 74    ASIA PACIFIC: IN-WHEEL MOTOR MARKET, BY COUNTRY,
2018–2020 (USD MILLION)    128
TABLE 75    ASIA PACIFIC: IN-WHEEL MOTOR MARKET, BY COUNTRY,
2021–2026 (USD MILLION)    128
14.2.1    CHINA    129
14.2.1.1    High adoption of EVs and focused electrification of public transport to boost the market growth in China    129
TABLE 76    CHINA: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    129
TABLE 77    CHINA: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    129
14.2.2    INDIA    130
14.2.2.1    Change in the regulatory environment and fall in EV costs to push the growth of in-wheel motor market in India    130
TABLE 78    INDIA: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    130
14.2.3    JAPAN    131
14.2.3.1    Japan to experience growth of in-wheel motor market with an increase in the sale of electric vehicles    131
TABLE 79    JAPAN: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    131
TABLE 80    JAPAN: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    131
14.2.4    SOUTH KOREA    132
14.2.4.1    South Korea to experience growth of in-wheel motor market with rise in the sale of HEVs    132
TABLE 81    SOUTH KOREA: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE,
2018–2020 (UNITS)    132
TABLE 82    SOUTH KOREA: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE,
2021–2026 (UNITS)    132
14.3    EUROPE    133
FIGURE 46    GERMANY EXPECTED TO LEAD IN-WHEEL MOTOR MARKET IN EUROPE DURING FORECAST PERIOD    133
TABLE 83    EUROPE: IN-WHEEL MOTOR MARKET, BY COUNTRY, 2018–2020 (UNITS)    134
TABLE 84    EUROPE: IN-WHEEL MOTOR MARKET, BY COUNTRY, 2021–2026 (UNITS)    134
TABLE 85    EUROPE: IN-WHEEL MOTOR MARKET, BY COUNTRY,
2018–2020 (USD MILLION)    134
TABLE 86    EUROPE: IN-WHEEL MOTOR MARKET, BY COUNTRY,
2021–2026 (USD MILLION)    135
14.3.1    FRANCE    135
14.3.1.1    Government offering purchase grants projected to boost market    135
TABLE 87    FRANCE: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    135
TABLE 88    FRANCE: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    136
14.3.2    GERMANY    136
14.3.2.1    Rising sales of hybrid vehicles by domestic players expected to drive the market    136
TABLE 89    GERMANY: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    136
TABLE 90    GERMANY: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    136
14.3.3    SPAIN    137
14.3.3.1    Improvement in the EV infrastructure to boost the market    137
TABLE 91    SPAIN: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    137
TABLE 92    SPAIN: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    137
14.3.4    THE NETHERLANDS    138
14.3.4.1    Government focus towards greener vehicles to drive the market    138
TABLE 93    NETHERLANDS: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE,
2018–2020 (UNITS)    138
TABLE 94    NETHERLANDS: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE,
2021–2026 (UNITS)    138
14.3.5    NORWAY    139
14.3.5.1    Emergence of e-mobility and high EV adoption rate to boost demand    139
TABLE 95    NORWAY: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    139
TABLE 96    NORWAY: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    139
14.3.6    SWEDEN    140
14.3.6.1    Government incentives and subsidies to drive the market    140
TABLE 97    SWEDEN: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    140
TABLE 98    SWEDEN: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    140
14.3.7    UK    141
14.3.7.1    Investments in ultra-low emission vehicles will boost the demand for in-wheel motors    141
TABLE 99    UK: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    141
TABLE 100    UK: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    141
14.4    NORTH AMERICA    142
TABLE 101    NORTH AMERICA: IN-WHEEL MOTOR MARKET, BY COUNTRY,
2018–2020 (UNITS)    142
TABLE 102    NORTH AMERICA: IN-WHEEL MOTOR MARKET, BY COUNTRY,
2021–2026 (UNITS)    142
TABLE 103    NORTH AMERICA: IN-WHEEL MOTOR MARKET, BY COUNTRY,
2018–2020 (USD MILLION)    142
TABLE 104    NORTH AMERICA: IN-WHEEL MOTOR MARKET, BY COUNTRY,
2021–2026 (USD MILLION)    143
14.4.1    CANADA    143
14.4.1.1    Increasing development in electric vehicle infrastructure is expected to boost the in-wheel motor market    143
TABLE 105    CANADA: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    143
TABLE 106    CANADA: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    143
14.4.2    US    144
14.4.2.1    Robust growth of the EV market will fuel the demand for in-wheel motors    144
TABLE 107    US: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2018–2020 (UNITS)    144
TABLE 108    US: IN-WHEEL MOTOR MARKET, BY MOTOR TYPE, 2021–2026 (UNITS)    144
15    RECOMMENDATIONS BY MARKETSANDMARKETS    145
15.1    ASIA PACIFIC IS THE KEY MARKET FOR IN-WHEEL MOTORS    145
15.2    UP TO 60 KW TO REMAIN THE MOST LUCRATIVE SEGMENT FOR IN-WHEEL MOTORS    145
15.3    CONCLUSION    145
16    COMPETITIVE LANDSCAPE    146
16.1    OVERVIEW    146
FIGURE 47    KEY DEVELOPMENTS BY LEADING PLAYERS IN IN-WHEEL MOTOR MARKET FROM 2018–2021    146
16.2    MARKET RANKING ANALYSIS    147
FIGURE 48    IN-WHEEL MOTOR MARKET: MARKET RANKING ANALYSIS    147
16.3    COMPETITIVE SCENARIO    148
16.3.1    NEW PRODUCT LAUNCHES    148
TABLE 109    NEW PRODUCT LAUNCHES, 2018–2021    148
16.3.2    DEALS    149
TABLE 110    DEALS, 2018–2021    149
16.3.3    OTHERS    150
TABLE 111    OTHERS, 2018–2021    150
16.4    COMPANY EVALUATION QUADRANT    150
16.4.1    STARS    150
16.4.2    EMERGING LEADERS    150
16.4.3    PERVASIVE    151
16.4.4    PARTICIPANTS    151
FIGURE 49    IN-WHEEL MOTOR MARKET: COMPANY EVALUATION QUADRANT, 2020    151
TABLE 112    IN-WHEEL MOTOR MARKET: COMPANY FOOTPRINT, 2020    152
TABLE 113    IN-WHEEL MOTOR MARKET: REGION FOOTPRINT, 2020    152
TABLE 114    COMPANY VEHICLE TYPE FOOTPRINT (7 COMPANIES)    153
16.5    WINNERS VS. TAIL-ENDERS    153
TABLE 115    WINNERS VS. TAIL-ENDERS    153
17    COMPANY PROFILES    155
(Overview, Product offerings, Recent developments & MnM View)*
17.1    KEY COMPANIES    155
17.1.1    NEVS (PROTEAN ELECTRIC)    155
TABLE 116    NEVS: BUSINESS OVERVIEW    155
TABLE 117    NEVS: PRODUCTS OFFERED    155
TABLE 118    NEVS: DEALS    156
TABLE 119    NEVS: OTHERS    156
17.1.2    PRINTED MOTOR WORKS    157
TABLE 120    PRINTED MOTOR WORKS: BUSINESS OVERVIEW    157
TABLE 121    PRINTED MOTOR WORKS: PRODUCTS OFFERED    157
TABLE 122    PRINTED MOTOR WORKS: NEW PRODUCT DEVELOPMENTS    158
17.1.3    ZIEHL-ABEGG    159
TABLE 123    ZIEHL-ABEGG: BUSINESS OVERVIEW    159
TABLE 124    ZIEHL-ABEGG: PRODUCTS OFFERED    159

TABLE 125    ZIEHL- ABEGG: OTHERS    160
17.1.4    ELAPHE    161
TABLE 126    ELAPHE: BUSINESS OVERVIEW    161
TABLE 127    ELAPHE: PRODUCTS OFFERED    161
TABLE 128    ELAPHE: PRODUCT LAUNCHES    162
TABLE 129    ELAPHE: DEALS    162
17.1.5    SCHAEFFLER    163
TABLE 130    SCHAEFFLER: BUSINESS OVERVIEW    163
FIGURE 50    SCHAEFFLER: COMPANY SNAPSHOT    163
TABLE 131    SCHAEFFLER: PRODUCTS OFFERED    164
TABLE 132    SCHAEFFLER: DEALS    164
17.1.6    NSK LTD.    166
TABLE 133    NSK LTD: BUSINESS OVERVIEW    166
FIGURE 51    NSK LTD.: COMPANY SNAPSHOT    167
TABLE 134    NSK: PRODUCTS OFFERED    167
TABLE 135    NSK: PRODUCT LAUNCHES    168
17.1.7    ECOMOVE    169
TABLE 136    ECOMOVE: BUSINESS OVERVIEW    169
TABLE 137    ECOMOVE: PRODUCTS OFFERED    169
17.1.8    TAJIMA EV    170
TABLE 138    TAJIMA EV: BUSINESS OVERVIEW    170
17.1.9    YASA    171
TABLE 139    YASA: BUSINESS OVERVIEW    171
TABLE 140    YASA: PRODUCTS OFFERED    171
17.1.10    NTN    172
TABLE 141    NTN: BUSINESS OVERVIEW    172
FIGURE 52    NTN: COMPANY SNAPSHOT    172
TABLE 142    NTN: PRODUCTS OFFERED    173
TABLE 143    NTN: PRODUCT LAUNCHES    173
TABLE 144    NTN: DEALS    173
17.1.11    E-TRACTION    175
TABLE 145    E-TRACTION: BUSINESS OVERVIEW    175
TABLE 146    E-TRACTION: PRODUCTS OFFERED    175
17.1.12    TM4    176
TABLE 147    TM4: BUSINESS OVERVIEW    176
TABLE 148    TM4: PRODUCTS OFFERED    176
17.1.13    GEMMOTORS    177
TABLE 149    GEMMOTORS: BUSINESS OVERVIEW    177
TABLE 150    GEMMOTORS: PRODUCTS OFFERED    177
*Details on Overview, Product offerings, Recent developments & MnM View might not be captured in case of unlisted companies.

17.2    OTHER KEY PLAYERS    178
17.2.1    GENERAL MOTORS    178
TABLE 151    GENERAL MOTORS: BUSINESS OVERVIEW    178
17.2.2    TESLA    178
TABLE 152    TESLA: BUSINESS OVERVIEW    178
17.2.3    FORD MOTOR COMPANY    179
TABLE 153    FORD MOTOR COMPANY: BUSINESS OVERVIEW    179
17.2.4    VOLKSWAGEN    179
TABLE 154    VOLKSWAGEN: BUSINESS OVERVIEW    179
17.2.5    BMW    180
TABLE 155    BMW: BUSINESS OVERVIEW    180
17.2.6    DAIMLER    180
TABLE 156    DAIMLER AG: BUSINESS OVERVIEW    180
17.2.7    VOLVO    181
TABLE 157    VOLVO: BUSINESS OVERVIEW    181
17.2.8    MITSUBISHI MOTORS    181
TABLE 158    MITSUBISHI MOTORS: BUSINESS OVERVIEW    181
17.2.9    TOYOTA    182
TABLE 159    TOYOTA: BUSINESS OVERVIEW    182
17.2.10    HONDA    182
TABLE 160    HONDA: BUSINESS OVERVIEW    182
17.2.11    HYUNDAI    183
TABLE 161    HYUNDAI: BUSINESS OVERVIEW    183
17.2.12    NISSAN    183
TABLE 162    NISSAN: BUSINESS OVERVIEW    183
18    APPENDIX    184
18.1    KEY INSIGHTS OF INDUSTRY EXPERTS    184
18.2    DISCUSSION GUIDE    184
18.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    187
18.4    AVAILABLE CUSTOMIZATIONS    189
18.5    RELATED REPORTS    189
18.6    AUTHOR DETAILS    190"