In-Wheel Motor Market: Radial Motor in In-Wheel Motor are Estimated to have Maximum Opportunity

Posted on 2019-02-13 by Mark Hub in Food & Beverage, Technology // 0 Comments

Rockville, USA, 2019-Feb-13 — /EPR Network/ — Fact.MR delivers vital insights into the In-wheel motors market in its published report, titled “In-wheel motors: Industry Analysis and Opportunity Assessment, 2018–2027”. In terms of revenue, the In-wheel motors market is estimated to expand at a CAGR of 30.04% over the forecast period, owing to the numerous factors, about which FACT.MR offers thorough insights and forecasts in this report.

With increasing global penetration of electric vehicles across the world has led the rising demand for electric mobility. The in-wheel motor market is directly proportional to the sales of electric vehicles across the world. Also, rising demand for simplicity and efficiency of electric vehicles has led adoption of autonomous technologies to the electric mobility. Provisions for more spacious vehicles and reduced weight of vehicle coupled with rising awareness for emission control has also influenced in-wheel motor market towards considerable growth in the forecast period.

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In-wheel motor with between 60-90 KW Output Power are estimated to be the Most Lucrative Market in the In-wheel motor

The demand for In-wheel motor with maximum 60-90 KW output power is estimated to grow at a significant rate and is projected to reach more than US$ 737.4 Mn by 2027 end. The In-wheel motor with above 90 KW output power is growing at a relatively slower pace as compared to other In-wheel motor. The slow growth in the above 90 KW output power In-wheel motor in the market is attributed to high cost structure and its heavy weight as compared to other motors in the output power segment for in-wheel motor market.

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APEJ (Asia Pacific Excluding Japan): Market Leader in the In-wheel motor

The In-wheel motor market has been evaluated across primary regions such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East and Africa (MEA). Among these, APEJ’s in-wheel motor market is expected to hold favorable value share and growth in terms of CAGR over the forecast period. In terms of value, the APEJ market is anticipated to hold a prominent share of the market by 2027 followed by North America. The market for In-wheel motor is estimated to grow at a significant CAGR of 30.0% and will represent a total incremental opportunity of over US$ 3198.1 Mn in terms of value in global in-wheel motor market during the forecast period.

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Competition Dashboard

The competitive landscape section of the In-wheel motor market delivers the most insightful information regarding the key market players in global In-wheel motor market, their relative global position and business strategies.

The manufacturers in In-wheel motor market to expand with strategic developments such as product launches, product innovation, expansion, collaborations and acquisitions in the In-wheel motor market. Key players operating in the global market for In-wheel motor, include Protean Electric (US), Elaphe (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), NTN (Japan), and others.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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