Automotive In-wheel Motor Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Market Growth and Forecasts for 2021-2025
Accelerating at a CAGR of about 89.59%, the automotive in-wheel motor market is expected to grow by post an incremental growth of 476.47 th units over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Automotive In-wheel Motor Market: Market Segments and Key Trends
This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Technology (Direct drive and Gear reduction), Type (Rear-wheel drive, Front-wheel drive, and All-wheel drive), and Geography (APAC, Americas, and EMEA). 87% of the market growth will originate from APAC during the forecast period. However, high cost of production associated with automotive in-wheel motors is one of the challenges that will need to be overcome to drive growth.
Automotive In-wheel Motor Market: Top Drivers to Boost Demand
One of the primary factors that will drive market growth is the increased need for safety and handling efficiency in vehicles. The automotive in-wheel motor market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
Vendor Analysis: Daimler AG, ECOmove GmbH and e-Gle Co. Ltd. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Daimler AG, ECOmove GmbH, e-Gle Co. Ltd., Elaphe Propulsion Technologies Ltd., GEM motors d.o.o, Michelin Group, Nidec Corp., NSK Ltd., Protean Electric Ltd., and REE Automotive Ltd. are some of the major market participants.
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Automotive In-wheel Motor Market: Key Highlights of the Report for 2021-2025
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Automotive In-wheel Motor Market Size to Grow by 400.99 th units through 2020-2024
The automotive in-wheel motor market is expected to grow by 400.99 th units, accelerating at a CAGR of almost 89% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Automotive In-wheel Motor Market: Segmentation by Technology
This report provides a detailed analysis of the market by Technology (Direct drive and Gear reduction), Type (Rear-wheel drive, Front-wheel drive, and All-wheel drive), and Geography (APAC, Americas, and EMEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Automotive In-wheel Motor Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ECOmove GmbH, Elaphe Propulsion Technologies Ltd., Hyundai Mobis Co. Ltd., Michelin Group, Nidec Corp., NSK Ltd., NTN Corp., Protean Electric Ltd., Schaeffler AG, and Dana Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Technavio has been monitoring the Global Automotive In-wheel Motor Market and it is expected to grow by 400.99 th units progressing at a CAGR of about 89% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
APAC: China and Japan to drive market growth
APAC will offer several growth opportunities to market vendors during the forecast period. 90% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive in-wheel motor in APAC. Factors such as the increased need for safety and handling efficiency in vehicles will offer immense growth opportunities. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the automotive in-wheel motor market market size.
Automotive regulatory authorities such as the European Commission, the US National Highway Traffic Safety Administration, GB standards of China, Test Requirements and Instructions for Automobile Standards of Japan, and Automotive Industry Standards of India are implementing various stringent regulations that mandate certain safety and driver-assist features in vehicles to mitigate vehicle accidents.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Automotive In-wheel Motor Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ECOmove GmbH, Elaphe Propulsion Technologies Ltd., Hyundai Mobis Co. Ltd., Michelin Group, Nidec Corp., NSK Ltd., NTN Corp., Protean Electric Ltd., Schaeffler AG, and Dana Inc.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Automotive In-wheel Motor Market: Key Highlights of the Report for 2020-2024
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