Wheel Motor Market was is expected to grow $17280.4 Mn by 2030, as per Maximize Market Research.
In Wheel Motor Market size was valued at USD 1598.90 Mn. in 2023 and the total In-Wheel Motor revenue is expected to grow by 40.5% from 2024 to 2030, reaching nearly USD 17280.4 Mn.
(EMAILWIRE.COM, October 22, 2024 ) Wheel Motor Market size was valued at USD 1598.90 Mn. in 2023 and the total In-Wheel Motor revenue is expected to grow by 40.5% from 2024 to 2030, reaching nearly USD 17280.4 Mn.
In-wheel motor is an EV propulsion system that places motors directly around each driving wheel. Unlike traditional EVs, it replaces the gasoline engine with individual motors for each wheel.
Growing global demand for electric vehicles is boosting the wheel motor market. Automakers are shifting towards electric vehicles due to fossil fuel concerns and environmental regulations. Despite challenges, manufacturers are focusing on long-term goals. However, the rise in unsprung weight from in-wheel motors is impacting ride quality, leading to issues for companies like Hyundai Motor. Asia-Pacific region led with xx% market share in 2023, poised to sustain dominance through forecast period's end.
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Wheel Motor Market Segmentation
by Propulsion
BEV
FCEV
HEV
PHEV
by Vehicle Type
Passenger Car
Commercial Vehicle
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by Motor Type
Axial Flux Motor
Radial Flux Motor
by Cooling Type
Air-cooled
Liquid-cooled
by Power Output Type
Up to 60 KW
60–90 KW
Above 90 KW
by Vehicle Class
Mid-priced
Luxury
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by Motor Weight
Less than 20 Kg
20-30 Kg
Above 30 Kg
Wheel Motor Market Top Leaders:
1. General Motors (US)
2. Tesla (US)
3. The Orbis Ring Drive Wheel (US)
4. ORBIS Wheels, Inc. (US)
5. BYD Motors LLC (US)
6. DANA TM4 INC. (Canada)
Maximize Market Research has also published the following reports:
Busway-Bus Duct Market was Valued at USD 12.2 billion. In 2023, the revenue of the Busway-Bus Duct Market is expected to increase by 5.5% from 2024 to 2030, reaching an approximate sum of USD 17.75 billion.
Automotive Retail Market size was valued at USD 3.66 trillion in 2023 and the total Global Automotive Retail revenue is expected to grow at a CAGR of 7.15 % from 2024 to 2030, reaching nearly USD 6.22 trillion.
About Maximize Market Research
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.
In-wheel motor is an EV propulsion system that places motors directly around each driving wheel. Unlike traditional EVs, it replaces the gasoline engine with individual motors for each wheel.
Growing global demand for electric vehicles is boosting the wheel motor market. Automakers are shifting towards electric vehicles due to fossil fuel concerns and environmental regulations. Despite challenges, manufacturers are focusing on long-term goals. However, the rise in unsprung weight from in-wheel motors is impacting ride quality, leading to issues for companies like Hyundai Motor. Asia-Pacific region led with xx% market share in 2023, poised to sustain dominance through forecast period's end.
To Gain More Insights about this Research, Visit :https://www.maximizemarketresearch.com/request-sample/16631/
Wheel Motor Market Segmentation
by Propulsion
BEV
FCEV
HEV
PHEV
by Vehicle Type
Passenger Car
Commercial Vehicle
To Gain More Insights about this Research, Visit :https://www.maximizemarketresearch.com/request-sample/16631/
by Motor Type
Axial Flux Motor
Radial Flux Motor
by Cooling Type
Air-cooled
Liquid-cooled
by Power Output Type
Up to 60 KW
60–90 KW
Above 90 KW
by Vehicle Class
Mid-priced
Luxury
To Gain More Insights about this Research, Visit :https://www.maximizemarketresearch.com/request-sample/16631/
by Motor Weight
Less than 20 Kg
20-30 Kg
Above 30 Kg
Wheel Motor Market Top Leaders:
1. General Motors (US)
2. Tesla (US)
3. The Orbis Ring Drive Wheel (US)
4. ORBIS Wheels, Inc. (US)
5. BYD Motors LLC (US)
6. DANA TM4 INC. (Canada)
Maximize Market Research has also published the following reports:
Busway-Bus Duct Market was Valued at USD 12.2 billion. In 2023, the revenue of the Busway-Bus Duct Market is expected to increase by 5.5% from 2024 to 2030, reaching an approximate sum of USD 17.75 billion.
Automotive Retail Market size was valued at USD 3.66 trillion in 2023 and the total Global Automotive Retail revenue is expected to grow at a CAGR of 7.15 % from 2024 to 2030, reaching nearly USD 6.22 trillion.
About Maximize Market Research
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.
Contact Information:
MAXIMIZE MARKET RESEARCH PVT. LTD.
L Godage
Tel: 09607365656
Email us
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MAXIMIZE MARKET RESEARCH PVT. LTD.
L Godage
Tel: 09607365656
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results