Global Automotive In-wheel Motor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Axial Flux Motor, Radial Flux Motor.

By Technology;

BEV, HEV, and PHEV.

By Vehicle Type;

Passenger Car, and Commercial Vehicle.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn306666797 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive In-wheel Motor Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive In-wheel Motor Market was valued at USD 1,922.03 million. The size of this market is expected to increase to USD 14,755.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 33.8%.

The global automotive industry is undergoing a transformative shift, with the propulsion systems of vehicles evolving rapidly to meet the demands of sustainability, efficiency, and performance. At the forefront of this evolution is the burgeoning market for in-wheel motors, a revolutionary technology that promises to redefine the way vehicles are powered and operated. In-wheel motors represent a departure from traditional propulsion systems by integrating electric motors directly into the wheels of a vehicle, eliminating the need for complex drivetrains and enhancing overall efficiency.

One of the primary drivers propelling the growth of the global automotive in-wheel motor market is the increasing adoption of electric and hybrid vehicles. As automakers strive to reduce carbon emissions and comply with stringent environmental regulations, electric propulsion has emerged as a compelling solution. In-wheel motors offer a compact and efficient alternative to centralized electric motors, enabling automakers to design vehicles with enhanced agility, performance, and range. This shift towards electrification is driving demand for in-wheel motor technology across a wide range of vehicle segments, from passenger cars to commercial vehicles.

In-wheel motors are poised to play a pivotal role in the advancement of autonomous driving technologies. By decentralizing propulsion and enhancing individual wheel control, in-wheel motors enable more precise and responsive vehicle dynamics, enhancing the safety and stability of autonomous vehicles. As the automotive industry transitions towards autonomous and semi-autonomous driving systems, in-wheel motors are expected to see increased adoption as a key enabler of next-generation mobility solutions.

The global automotive in-wheel motor market presents exciting opportunities for innovation and collaboration across various sectors. From automotive manufacturers to technology providers and startups, stakeholders are actively investing in research and development to enhance the performance, efficiency, and reliability of in-wheel motor systems. With ongoing advancements in motor design, materials, and control algorithms, the potential for in-wheel motors to revolutionize the future of transportation is vast, positioning this technology as a cornerstone of the automotive industry's electrified and autonomous future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By Region
  4. Global Automotive In-wheel Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Electric Vehicle Adoption and Emission Reduction
        2. Advancements in Vehicle Electrification
        3. Performance and Efficiency Enhancements
        4. Integration with Autonomous Driving
      2. Restraints
        1. Cost and Affordability Challenges
        2. Infrastructure and Maintenance Limitations
        3. Durability and Reliability Concerns
        4. Regulatory Compliance
      3. Opportunities
        1. Electric and Hybrid Vehicle Demand
        2. Technological Advancements
        3. Collaboration with Industry Players
        4. Emerging Market Expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive In-Wheel Motor Market, By Drive Type, 2021- 2031(USD Million)
      1. Axial Flux Motor
      2. Radial Flux Motor
    2. Global Automotive In-Wheel Motor Market, By Technology, 2021- 2031(USD Million)
      1. BEV
      2. HEV
      3. PHEV
    3. Global Automotive In-Wheel Motor Market, By Vehicle Type, 2021- 2031(USD Million)
      1. Passenger Car
      2. Commercial Vehicle
    4. Global Automotive In-Wheel Motor Market, By Geography, 2021- 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin Americe
  6. Competitive Landscape
    1. Company Profiles
      1. Vendors covered
      2. Market positioning of vendors
      3. ECOmove GmbH
      4. Elaphe Propulsion Technologies Ltd
      5. Hyundai Mobis Co. Ltd
      6. Michelin Group
      7. Nidec Corp
      8. NSK Ltd
  7. Analyst Views
  8. Future Outlook of the Market