In-Wheel Motor Market By Propulsion (PHEV, BEV, HEV and FCEV), Motor Type (Radial Flux Motor and Axial Flux Motor), Power Output Type (Above 90 KW, 60–90 KW and Up to 60 KW) and Cooling Type (Liquid Cooling and Air Cooling) - Global Industry Analysis And Forecast To 2025
The in-wheel motor is also referred to as wheel hub motor, wheel hub drive, hub motor, or wheel motor is the electric motor which is fused into the center point of the wheel & drives it specifically. The utilization of these motors is done in the electric bicycles, in the industries for driving the parts on the assembly line, they are also found in the buses, generally utilized in cars and other applications. Therefore, the In-Wheel Motor Market is anticipated to expand and has tremendous scope during the forecast period. The global In-Wheel Motor Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Based on Propulsion the market is segmented into PHEV, BEV, HEV and FCEV. The BEV section is leading the market increasing demand for the vehicles, more subsidies provided by the government, etc.
Based on Motor Type the market is segmented into Radial Flux Motor and Axial Flux Motor. The Axial Flux Motor section is seen gain the market due to the properties like more efficiency provided, more compactness & light weight.
Based on Power Output Type the market is segmented into Above 90 KW, 60–90 KW and Up to 60 KW.
Based on Cooling Type the market is segmented into Liquid Cooling and Air Cooling.
The Asia Pacific region is leading the global In-Wheel Motor Market owing to more subsidies provided by the government for the vehicle electrification, increasing sales of the electric vehicles, and other factors.
In-Wheel Motor Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Printed Motor Works
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?