NEWARK, Del, Aug. 23, 2022 (GLOBE NEWSWIRE) -- According to the Future Market Insights (FMI) analysis, the automotive in-wheel motors market is anticipated to reach an absolute dollar opportunity with a year-on-year growth rate of 38.0% in 2022 reaching a value of about US$ 2,127.5 Mn by the end of 2022. The global automotive in-wheel motor sales were roughly estimated at US$ 1,541.4 Mn. The market is projected to forecast robust growth by 2027, reaching a valuation of US$ 10,650.2 Mn.
Future Market Insights anticipates a comparison and review analysis of the dynamics of the automotive In-wheel motors market, which is primarily impacted by consumer desire for increased comfort, convenience, and safety in cars in industrialized economies.
FMI analysis reveals a reduction of 282 units between the BPS values identified in the automotive in-wheel motor market in H1, 2022 - Outlook over H1, 2022 Projected. Notably, the market is predicted to contract by 176 BPS in H1 -2022 compared to H1, 2021.
Get Sample of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7677
Key Takeaways
- The market for automobile in-wheel motors is anticipated to showcase a phenomenal growth rate due to features such as contemporary infotainment systems, steering-mounted controls, central controllers, and telematics along with several benefits of luxury, and comfort, security, and safety.
- The radial flux automotive in-wheel motors category is expected to witness significant usage in high-performance automobiles as they are simple to manufacture. Axial flux automotive in-wheel motors, on the other hand, provide excellent performance and are expected to rise in popularity during the assessment period.
- The motors cannot be separated from the wheels because of which they will never experience greater no-load and part-load losses. In order to achieve the desired performance, it is vital to use a large motor which has a substantial impact on the drivetrain’s cost.
- An automobile in-wheel motor is a crucial part of the transmission system that powers an electric vehicle’s wheel, which helps provide better control. The usage of automobile in-wheel motors is diverse in all-electric vehicles, including heavy commercial vehicles, passenger cars, and light commercial vehicles.
- On the basis of value, the APAC market is projected to dominate the global automotive in-wheel motors market by 2022, and it is predicted to rise throughout the projection period. APAC automotive in-wheel motors market is projected to be the prominent market throughout the forecast period, growing at a CAGR of 41.6% by value over the forecast period.
- Environmental issues are the major concerns that have contributed to the surge in electric vehicle demand. More and more countries are offering subsidies and several governments have seen a reduction in sales of conventional car sales, resulting in the switch to encourage consumers to buy electric vehicles.
Request Customization of the report @ https://www.futuremarketinsights.com/customization-available/rep-gb-7677
Competitive Landscape
Protean Electric, Elaphe, ZIEHL-ABEGG, Printed Motor Works, NTN, TM4, HEINZMANN GmbH & Co. KG, and YASA Limited are some of the key companies profiled in the full version of the report.
The global automotive in-wheel motors market is concentrated with Tier-1 and Tier-2 manufacturers which account for the majority of the industry. Widespread collaboration, product launches, and acquisitions are the major strategies used by in-wheel motors manufacturers. In the global market, several automotive In-Wheel motor manufacturers are focusing only on creating efficient axial flux automotive In-Wheel motors.
Automotive In-Wheel Motors Market By Segmentation
By Product Type:
- Axial Flux Motor
- Radial Flux Motor
By Technology:
- BEV
- HEV
- PHEV
By Vehicle Type:
- Passenger Car
- Commercial Vehicle
By Cooling:
- Air Cooled
- Liquid Cooled
By Region:
- North America
- Latin America
- Europe
- Japan
- APAC
- MEA
More Insights into the Automotive In-Wheel Motors Market
The United States is expected to lead the global automotive in-wheel motors market by accounting for a total of 88% of the North American market share. Owing to the increase in demand for improved convenience, safety, and comfort in automobiles in industrialized economies is expected to bolster growth in the market.
Backed by several features such as steering-mounted controls, modern infotainment systems, telematics, and central controllers, as well as comfort, safety, luxury, and security benefits, are in high demand and are expected to boost market sales across the forecast period.
Germany is anticipated to surge at a robust CAGR of 42.9% in the global automotive in-wheel motors industry accounting for an increasing number of vehicles in the country during the assessment period.
China is expected to emerge as a lucrative growth opportunity by accounting for nearly 93% of the APAC in-wheel motor market in 2022. Owing to the strong surge in EV sales, it is likely to be the fastest growing market for in-wheel motors. Due to China's vast EV industry, leading players such as Protean Electric and Elaphe are already making attempts to enhance their position.
Request Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-7677
Table of Content
1. Global Automotive In Wheel Motors Market - Executive Summary
2. Global Automotive In Wheel Motors Market Overview
2.1. Introduction
2.1.1. Global Automotive In Wheel Motors Market Taxonomy
2.1.2. Global Automotive In Wheel Motors Market Definition
2.2. Global Automotive In Wheel Motors Market Size (US$ Mn & Volume) and Forecast, 2013-2027
2.2.1. Global Automotive In Wheel Motors Market Y-o-Y Growth
2.3. Global Automotive In Wheel Motors Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. Service Provider List
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Automotive In Wheel Motors Market Analysis and Forecast 2013-2027
3.1. Global Automotive In Wheel Motors Market Analysis 2013-21 and Forecast 2022-27, by Product Type
3.1.1. Axial Flux Motor Market Analysis 2013-21 and Forecast 2022-27
3.1.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Radial Flux Motor Market Analysis 2013-21 and Forecast 2022-27
Have a Look at Related Research Reports of Automotive
APAC Automotive Telematics Market Sale: PAC automotive telematics market will register increasing sales backed by rising production of passenger and commercial vehicles
Europe Automotive Night Vision System Market Value: Automotive night vision systems play a major role in preventing accidents. Globally, they are currently becoming an important feature in passenger cars. Due to its ability to the reach beyond the vehicle’s headlights, an automotive night vision system is used to enhance a driver’s perception in darkness and poor visibility weather conditions
Latin America Automotive HVAC Market Size: The Latin America automotive HVAC market is geographically segmented into four key regions which are, Argentina, Brazil, Mexico and Others. Brazil automotive HVAC market is predominant in Latin America automotive HVAC market, followed by Mexico and Argentina
Automotive Turbochargers Market Share: The automotive turbochargers market revenue totaled US$ 9.6 Bn in 2021. Increasing applications of automotive turbochargers in gasoline engines are augmenting the market growth, leading to steady expansion at 8.8% CAGR between 2021 and 2031
Automotive Active Safety System Market Forecast: Automotive active safety system market is gradually witnessing uptake in recent past due to growing concerns towards road safety. Automotive safety systems are turning out to be gaining lot of attention from automakers as well as customers
Automotive ECU Market Analysis: The market for automotive ECU is anticipated to reach US$ 48,500.0 million in 2022, growing at a 6.1% CAGR during the forecast period. By 2032, the market is anticipated to reach US$ 77,887.0 million
Automotive Fasteners Market Demand: The global automotive fasteners market is estimated to advance at a CAGR of 6% during the forecast period. The current valuation of the automotive fasteners market is US$ 26,342.1 Million. The market is projected to reach US$ 47,174.7 Million by 2032
Automotive Wheel Rims Market Outlook: The automotive wheel rims market is expected to be valued at US$ 44,944.6 Million in 2022 and is expected to grow at a healthy 6.20% CAGR during the forecast period from 2022 to 2032, reaching US$ 82,020.5 million by 2032
Automotive AC Compressor Market Type: A CAGR of 3.90% is expected of the global automotive AC compressor market, due to the growing demand during the forecast period. It is anticipated to be appraised at US$ 13,696.2 Mn by 2032, up from US$ 9,342.1 Mn in 2022
Automotive Carbon Brake Rotors Market Growth: The global automotive carbon brake rotors market is projected to grow at a CAGR of 7.6% and is expected to exceed US$ 5521.3 million in 2022 to reach US$ 11485.9 million by 2032
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/in-wheel-motors-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
