"Automotive in Wheel Motors Market Size And Forecast by 2029

According to Data Bridge Market Research Data Bridge Market Research analyses that the Global Automotive in Wheel Motors Market which was USD 1098.64 Billion in 2021 is expected to reach USD 12835.1 Million by 2029 and is expected to undergo a CAGR of 35.97% during the forecast period of 2021 to 2029

Our comprehensive Automotive in Wheel Motors Market report is ready with the latest trends, growth opportunities, and strategic analysis. https://www.databridgemarketresearch.com/reports/global-automotive-in-wheel-motors-market

**Segments**

- **Vehicle Type:** The automotive in-wheel motors market can be segmented based on vehicle type into passenger cars, commercial vehicles, and electric vehicles. The increasing demand for electric vehicles is driving the growth of in-wheel motors in the market.
- **Motor Type:** Segmentation based on motor type includes permanent magnet synchronous motors, switch reluctance motors, and others. The efficiency and performance of in-wheel motors vary based on the type of motor used.
- **Propulsion Type:** In-wheel motors can also be segmented based on propulsion type such as ICE vehicles, hybrid vehicles, and electric vehicles. The shift towards electric vehicles is expected to boost the demand for in-wheel motors in the market.

**Market Players**

- **Protean Electric**
- **ZIEHL-ABEGG**
- **Elaphe Ltd.**
- **Schaeffler**
- **NTN Corporation**
- **Heinzmann GmbH & Co. KG**
- **Printech Circuit Laboratories**
- **Enertrac**
- **TM4**
- **BWI Group**

The global automotive in-wheel motors market is witnessing significant growth due to technological advancements and the increasing demand for electric vehicles. Factors such as improved vehicle efficiency, lower carbon emissions, and enhanced driving experience are driving the adoption of in-wheel motors in the automotive industry. The market is segmented based on vehicle type, motor type, and propulsion type. The vehicle type segment includes passenger cars, commercial vehicles, and electric vehicles, with electric vehicles driving the growth of in-wheel motors market significantly. In terms of motor type, the market is segmented into permanent magnet synchronous motors, switch reluctance motors, and others. Each motor type offers different efficiency and performance characteristics, catering to a wide range of vehicle requirements. Moreover, based on propulsion type, in-wheel motors are used in ICE vehicles, hybrid vehicles, and electric vehicles, with a strong emphasis on electric vehicles to reduce carbon footprint and dependence on traditional fuels.

Key market players in the automotive in-wheel motors market include Protean Electric, ZIEHL-ABEGG, Elaphe Ltd., Schaeffler, NTN Corporation, Heinzmann GmbH & Co. KG, Printech Circuit Laboratories, Enertrac, TM4, and BWI Group. These companies are focusing on research and development activities to launch innovative in-wheel motor solutions to meet the evolving needs of the automotive industry. Additionally, partnerships, collaborations, and mergers are common strategies adopted by market players to expand their geographical presence and enhance their market share in the global automotive in-wheel motors market.

https://www.databridgemarketresearch.com/reports/global-automotive-in-wheel-motors-market The global automotive in-wheel motors market is poised for steady growth driven by advancements in technology and the increasing push towards electric vehicles. As sustainability becomes a key focus in the automotive sector, in-wheel motors offer a promising solution to improve vehicle efficiency, reduce carbon emissions, and enhance the overall driving experience. This trend is expected to fuel the demand for in-wheel motors across various vehicle types, including passenger cars, commercial vehicles, and electric vehicles. Electric vehicles, in particular, are playing a pivotal role in propelling the growth of the market due to their eco-friendly nature and the need to reduce dependence on traditional fossil fuels.

In terms of motor types, the market segmentation based on permanent magnet synchronous motors, switch reluctance motors, and other variations presents a diverse landscape of options for manufacturers and consumers. Each motor type comes with its own set of efficiency and performance characteristics, catering to the specific requirements of different vehicles. The choice of motor type can significantly impact the overall performance and driving experience, making it a crucial consideration for automotive companies looking to integrate in-wheel motors into their products.

Another key segmentation factor is based on propulsion type, segregating in-wheel motors usage in ICE vehicles, hybrid vehicles, and electric vehicles. With a clear shift towards electric vehicles globally, the demand for in-wheel motors is expected to surge as automakers strive to meet stringent emission regulations and consumer preferences for cleaner transportation solutions. The emphasis on electric vehicles as a sustainable mobility option is reshaping the automotive industry, driving innovation and the adoption of advanced technologies like in-wheel motors.

Market players such as Protean Electric, ZIEHL-ABEGG, Elaphe Ltd., and others are actively engaged in research and development activities to introduce cutting-edge in-wheel motor solutions that cater to the evolving needs of the automotive market. These companies are not only focusing on technological advancements but also exploring strategic partnerships and collaborations to expand their market presence and strengthen their competitive position. With an emphasis on product innovation and market expansion, these key players are poised to capitalize on the growing demand for automotive in-wheel motors and contribute to the continued growth and development of the market.**Segments**

Global Automotive in Wheel Motors Market, By Component (Suspension, Rotor and Stator, Wheel Bearings, Regenerative Braking System), Cooling Type (Air Cooling, Liquid Cooling), Motor Type (Axial Flux Motor, Radial Flux Motor), Power Output (Up to 60 KW, 60-90 KW, Above 90 KW), Propulsion Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)) - Industry Trends and Forecast to 2029

The automotive in-wheel motors market displays a robust segmentation structure based on various components, cooling types, motor types, power outputs, propulsion types, and vehicle types. This granular division enables a comprehensive understanding of the market dynamics and caters to the diverse needs of different stakeholders. Components such as suspension, rotor and stator, wheel bearings, and regenerative braking systems play critical roles in the functionality of in-wheel motors. Additionally, factors like cooling types, motor types (axial flux, radial flux), power outputs, propulsion types (BEV, FCEV, HEV, PHEV), and vehicle types (passenger cars, LCVs, HCVs) further refine the market segmentation, offering insights into specific areas of growth and innovation within the automotive industry.

**Market Players**

- Protean (UK)
- Elaphe LTD (Slovenia)
- ZIEHL-ABEGG (Germany)
- Printed Motor Works (UK)
- NTN Bearing Corporation (Japan)
- e-Traction B.V. (Netherlands)
- ECOMOVE (Germany)
- NSK Ltd. (Japan)
- TAJIMA MOTOR CORPORATION (Japan)
- YASA Limited (UK)
- Schaeffler India Limited (India)
- General Motors (US)
- Tesla (US)
- Ford Motor Company (US)
- Mitsubishi Electric Corporation (Japan)
- Toyota (Japan)
- Hyundai Motor Company (South Korea)
- Nissan (Japan)

The automotive in-wheel motors market boasts a diverse array of prominent market players contributing to technological advancements and market growth. Companies such as Protean, Elaphe LTD, ZIEHL-ABEGG, Printed Motor Works, NTN Bearing Corporation, e-Traction B.V., ECOMOVE, NSK Ltd., TAJIMA MOTOR CORPORATION, YASA Limited, Schaeffler India Limited, General Motors, Tesla, Ford Motor Company, Mitsubishi Electric Corporation, Toyota, Hyundai Motor Company, and Nissan are leading the charge in innovation and market expansion in the global automotive in-wheel motors sector. These companies are at the forefront of research and development activities, introducing cutting-edge solutions to meet the evolving demands of the automotive industry. Collaborations, partnerships, and strategic mergers are prevalent strategies adopted by market players to enhance their competitive position and geographical reach within the automotive in-wheel motors market, ensuring sustained growth and market dominance in the coming years.

The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in Automotive in Wheel Motors Market :   https://www.databridgemarketresearch.com/reports/global-automotive-in-wheel-motors-market/companies

 Key Questions Answered by the Global Automotive in Wheel Motors Market Report:

• What is the current state of the Automotive in Wheel Motors Market, and how has it evolved?
• What are the key drivers behind the growth of the Automotive in Wheel Motors Market?
• What challenges and barriers do businesses in the Automotive in Wheel Motors Market face?
• How are technological innovations impacting the Automotive in Wheel Motors Market?
• What emerging trends and opportunities should businesses be aware of in the Automotive in Wheel Motors Market?

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