Demand For In-Wheel Motors Rising

MarketsandMarkets’ report, “In-wheel Motor Market by Propulsion, Vehicle, Motor, Cooling, Power Output, and Region - Global Forecast to 2025”, projects the market to grow at a CAGR of 35.02% from $322.8 million in 2018 to reach $2,641.1 million by 2025. Factors influencing growth are improved vehicle performance, replacement of transmission, drive shaft, axles, and differentials. For background, in-wheel motors supply torque to its associated tire and generates more power to improve the efficiency of a vehicle.

 

Report Highlights

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  • Electric passenger car segment: Expected to dominate the In-Wheel Motor Market
  • BEVs: Expected to dominate the In-Wheel Motor Market
  • Asia Pacific: Largest market for in-wheel motors
  • The major In-Wheel Motor Market players are Protean Electric (US), Elaphe (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), and NTN (Japan).

 

Need to know more about the in-wheel motor market? Browse the “In-Wheel Motor Market” report.

 

MarketsandMarkets

Northbrook, IL

888-600-6441

[email protected]

https://www.marketsandmarkets.com

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