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Add to CartGlobal In-Wheel Motor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Propulsion;
BEV, FCEV, HEV, and PHEV.By Vehicle Type;
Passenger Car and Commercial Vehicle.By Motor Type;
Axial Flux Motor and Radial Flux Motor.By Cooling Type;
Air Cooling and Liquid Cooling.By Power Output Type;
Upto 60 KW, 60-90 KW, and Above 90 KW.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global In-Wheel Motor Market (USD Million), 2021 - 2031
In the year 2024, the Global In-Wheel Motor Market was valued at USD 1,498.49 million. The size of this market is expected to increase to USD 6,908.69 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 24.4%.
The global in-wheel motor market has been experiencing a significant surge in demand owing to the growing emphasis on electric mobility and the pursuit of more efficient, eco-friendly transportation solutions. In-wheel motors, integrated directly into the wheel hub, have emerged as a promising alternative to conventional propulsion systems, offering numerous advantages such as enhanced vehicle dynamics, simplified drivetrains, and increased energy efficiency. This technology has garnered attention across various sectors, including automotive, aerospace, and industrial machinery, with manufacturers increasingly investing in research and development to refine performance and reduce costs.
One of the key drivers propelling the growth of the in-wheel motor market is the burgeoning electric vehicle (EV) industry. As governments worldwide enact stricter emissions regulations and consumers gravitate towards cleaner transportation options, automakers are under pressure to accelerate their transition to electric powertrains. In-wheel motors present a compelling solution by decentralizing propulsion, enabling more flexibility in vehicle design and layout while optimizing space utilization. Moreover, they contribute to the overall weight reduction of the vehicle, enhancing energy efficiency and extending driving range—an essential factor in overcoming the range anxiety commonly associated with EVs.
Another factor bolstering market growth is the increasing adoption of autonomous and connected vehicles. In-wheel motors offer precise torque control and individual wheel propulsion, facilitating advanced traction and stability control systems necessary for autonomous driving capabilities. Furthermore, their compact size and distributed placement align well with the requirements of electric and hybrid platforms, seamlessly integrating with sensor arrays and control systems. Consequently, automotive manufacturers are incorporating in-wheel motor technology into their next-generation vehicles to harness the full potential of autonomous mobility solutions.
Global In-Wheel Motor Market Recent Developments
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In June 2021, e-Traction partnered with ViriCti, to help accelerate the adoption of electric buses by using the state-of-art The Motion 2.0 drivetrain.
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In February 2021, Tajima Motor Corporation Idemitsu Kosan partnered with Corporation to build and market mini electric vehicles that can travel as fast as 60 kilometers per hour.
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In January 2021, National Electric Vehicle Sweden (NEVS), a subsidiary of Evergrande Health, has acquired Protean Electric, a leading developer of in-wheel motor technology. The acquisition is part of Evergrande’s strategy to become a major player-in the global electric vehicle (EV) industry.
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In May 2019, Elaphe Ltd. Has announced they have begun low-volume series manufacturing of the world’s highest performance direct drive, gearless in-wheel powertrain system, called the L1500.
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In September 2018, Printed Motor Works, resigned and enhanced the specification of its compact XR15 series in-wheel motor range. The upgraded models have greater radial and axial load bearing capacity.
Segment Analysis
The global in-wheel motor market is anticipated to witness substantial growth from 2024 to 2030, driven by several factors including the increasing adoption of electric vehicles (EVs), stringent emission regulations, and advancements in motor technology. The market is segmented by propulsion type into Battery Electric Vehicles (BEVs), Fuel Cell Electric Vehicles (FCEVs), Hybrid Electric Vehicles (HEVs), and Plug-in Hybrid Electric Vehicles (PHEVs). BEVs are expected to dominate the market share owing to their zero-emission nature and growing consumer preference for sustainable transportation solutions.
Furthermore, the market is categorized by vehicle type into passenger cars and commercial vehicles. Passenger cars are projected to hold a significant share due to the rising demand for electric passenger vehicles worldwide. Additionally, the segmentation by motor type includes axial flux motors and radial flux motors, with axial flux motors gaining traction owing to their compact design and improved efficiency.
Cooling type segmentation comprises air cooling and liquid cooling, with liquid cooling systems witnessing increased adoption due to their ability to maintain optimal motor temperatures, especially in high-performance applications. Power output type segmentation includes three categories: up to 60 kW, 60-90 kW, and above 90 kW, catering to diverse vehicle requirements and performance levels.
Global In-Wheel Motor Segment Analysis
In this report, the Global In-Wheel Motor Market has been segmented by Propulsion, Vehicle Type, Motor Type, Cooling Type, Power Output Type and Geography.
Global In-Wheel Motor Market, Segmentation by Propulsion
The Global In-Wheel Motor Market has been segmented by Propulsion into BEV, FCEV, HEV and PHEV.
Battery electric vehicles (BEVs) are at the forefront of the electric mobility revolution, propelled solely by electric power stored in onboard batteries. In-wheel motors are particularly advantageous for BEVs due to their compact size and efficient power delivery, enabling greater flexibility in vehicle design and enhancing overall performance. As the demand for BEVs continues to grow in response to environmental concerns and regulatory pressures, the market for in-wheel motors is expected to witness substantial expansion within this segment.
Fuel cell electric vehicles (FCEVs) utilize hydrogen fuel cells to generate electricity, offering zero-emission driving with longer ranges compared to BEVs. In-wheel motors hold promise for FCEVs by providing independent power delivery to each wheel, optimizing traction control and enhancing vehicle stability. However, the adoption of FCEVs remains relatively nascent compared to BEVs, primarily due to infrastructure limitations and higher costs. Nevertheless, as hydrogen infrastructure develops and production costs decline, the market for in-wheel motors in FCEVs is poised for growth.
Global In-Wheel Motor Market, Segmentation by Vehicle Type
The Global In-Wheel Motor Market has been segmented by Vehicle Type into Passenger Car and Commercial Vehicle.
On the other hand, commercial vehicles are also embracing in-wheel motors, albeit at a slower pace compared to passenger cars. This segment includes various types of vehicles such as trucks, buses, and vans, each with unique requirements and operational challenges. While the adoption of in-wheel motors in commercial vehicles is influenced by similar factors as passenger cars, such as environmental regulations and fuel efficiency standards, there are additional considerations such as payload capacity, range, and durability that play a crucial role in decision-making for fleet operators and manufacturers.
The passenger car segment dominates the in-wheel motor market currently, fueled by the increasing demand for electric passenger vehicles and the ongoing efforts of automotive OEMs to innovate and differentiate their offerings. However, the commercial vehicle segment holds substantial potential for growth, particularly with the rising interest in electrification across various transportation sectors and the need for sustainable solutions to address urban congestion and emissions. As technology continues to evolve and economies of scale drive down costs, the adoption of in-wheel motors in both passenger and commercial vehicles is expected to accelerate, reshaping the landscape of the automotive industry in the coming years.
Global In-Wheel Motor Market, Segmentation by Motor Type
The Global In-Wheel Motor Market has been segmented by Motor Type into Axial Flux Motor and Radial Flux Motor.
On the other hand, Radial Flux Motors represent another significant segment within the Global In-Wheel Motor Market. These motors are recognized for their simpler construction and widespread applicability across different vehicle types. With their radial magnetic flux path, these motors offer commendable power output and operational reliability. While they may not match the torque density of axial flux motors, radial flux motors excel in terms of ease of manufacturing and maintenance, making them a preferred choice for various electric vehicle manufacturers. Additionally, their versatility allows for integration not only in automobiles but also in electric bicycles, wheelchairs, and other mobility solutions.
The segmentation between Axial Flux Motors and Radial Flux Motors reflects the diverse requirements and preferences of stakeholders in the electric mobility ecosystem. Each motor type presents distinct advantages and trade-offs, catering to different performance demands and cost considerations. As the demand for electric vehicles continues to surge globally, fueled by environmental concerns and regulatory initiatives, the significance of this segmentation becomes more pronounced. Manufacturers, developers, and consumers alike are keen on leveraging the inherent strengths of each motor type to drive innovation, improve vehicle efficiency, and accelerate the adoption of sustainable transportation solutions worldwide. Therefore, understanding and navigating this segmentation landscape is pivotal for stakeholders aiming to thrive in the dynamic and competitive In-Wheel Motor Market.
Global In-Wheel Motor Market, Segmentation by Cooling Type
The Global In-Wheel Motor Market has been segmented by Cooling Type into Air Cooling and Liquid Cooling.
Air cooling stands as one of the conventional methods employed in in-wheel motor systems. This approach utilizes the surrounding air to dissipate heat generated during motor operation. Air cooling systems typically incorporate fins or fans to enhance heat transfer from the motor components to the ambient air. While relatively simpler and cost-effective compared to liquid cooling, air cooling may encounter challenges in extreme operating environments where ambient temperatures are exceptionally high or low, potentially impacting motor performance.
On the other hand, liquid cooling systems offer enhanced thermal management capabilities compared to their air-cooled counterparts. These systems employ a coolant fluid, such as water or a specialized coolant, circulated through channels or jackets within the motor assembly. The coolant absorbs heat generated by the motor and carries it away to an external heat exchanger, where it dissipates into the surrounding environment. Liquid cooling systems are known for their superior efficiency in maintaining consistent motor temperatures, particularly in demanding applications or environments with stringent thermal requirements.
The choice between air cooling and liquid cooling in in-wheel motor applications often depends on various factors such as operating conditions, power requirements, cost considerations, and packaging constraints. While air cooling remains a viable option for many applications, liquid cooling has gained prominence in industries where precise temperature control, high power density, and thermal stability are paramount. As technological advancements continue to drive innovation in thermal management solutions, both air and liquid cooling methods are expected to evolve, catering to the diverse needs of the global in-wheel motor market.
Global In-Wheel Motor Market, Segmentation by Power Output Type
The Global In-Wheel Motor Market has been segmented by Power Output Type into Upto 60 KW, 60-90 KW and Above 90 KW.
In the segment of up to 60 kW power output, in-wheel motors find extensive applications in electric bicycles, scooters, and small electric vehicles. These motors offer sufficient power for urban commuting and short-distance travel, making them ideal for eco-conscious consumers looking for convenient and sustainable transportation options. Additionally, their compact size and lightweight design contribute to the overall efficiency and maneuverability of the vehicles they power.
Moving up the power output spectrum to the 60-90 kW range, in-wheel motors become increasingly suitable for a broader range of electric vehicles, including compact cars and light-duty commercial vehicles. This segment caters to consumers and businesses seeking higher performance and driving range without compromising on energy efficiency. In-wheel motors within this power range offer enhanced acceleration capabilities and better traction, making them suitable for various driving conditions and terrains.
In the above 90 kW segment, in-wheel motors are deployed in larger electric vehicles such as electric SUVs, trucks, and buses. These high-power motors deliver exceptional performance, enabling heavy-duty applications and long-distance travel. Moreover, they contribute to the electrification of commercial fleets, reducing carbon emissions and operating costs for businesses while meeting stringent environmental regulations.
Global In-Wheel Motor Market, Segmentation by Geography
In this report, the Global In-Wheel Motor Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global In-Wheel Motor Market Share (%), by Geographical Region, 2024
Asia Pacific dominated the market share with approximately 45%. This dominance can be attributed to the rapid industrialization, urbanization, and increasing demand for electric vehicles (EVs) in countries like China, Japan, and South Korea. These nations have been at the forefront of adopting cleaner energy sources and pushing for sustainable transportation solutions, thereby driving the demand for in-wheel motors.
Following closely behind, Europe held a substantial market share of around 30%. The region has been witnessing a surge in electric vehicle sales, supported by favorable government regulations, incentives, and stringent emission norms. Additionally, European automakers have been increasingly incorporating in-wheel motor technology into their vehicles to enhance performance, efficiency, and overall driving experience. This trend has propelled the growth of the in-wheel motor market in Europe.
North America accounted for approximately 20% of the global market share. The region has been witnessing a steady transition towards electric mobility, with a growing preference for electric vehicles and hybrid vehicles. Moreover, advancements in in-wheel motor technology have garnered interest from both automotive manufacturers and consumers, further boosting market growth. However, compared to Asia Pacific and Europe, North America's market share in the in-wheel motor segment remained relatively lower, primarily due to slower adoption rates and the dominance of traditional internal combustion engine vehicles.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global In-Wheel Motor Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing demand for electric vehicles
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Advancements in in-wheel motor technology : The global in-wheel motor market is experiencing a surge of advancements propelled by innovations in in-wheel motor technology. These compact motors integrated into the wheel hubs of vehicles offer numerous benefits, including improved efficiency, enhanced vehicle dynamics, and simplified drivetrain designs. One of the key advancements driving this market is the development of high-performance electric motors with increased power density and efficiency. Manufacturers are continually refining the design and manufacturing processes to achieve higher torque output and better thermal management, enabling in-wheel motors to deliver impressive performance while maintaining compact dimensions.
Advancements in materials science are playing a crucial role in enhancing the durability and reliability of in-wheel motors. The use of lightweight yet robust materials such as carbon fiber composites and advanced alloys allows for the construction of stronger and more resilient motor components. This not only contributes to the overall efficiency of the motor but also helps in reducing the unsprung mass, thereby improving the vehicle's handling and ride comfort. Additionally, advancements in motor control algorithms and sensor technologies are enabling more precise and responsive control of in-wheel motors, enhancing vehicle stability, traction control, and regenerative braking capabilities.
The integration of in-wheel motors with advanced vehicle electrification systems, including regenerative braking and energy storage solutions, is driving further innovation in the market. This integration not only improves overall energy efficiency but also enables smart functionalities such as predictive maintenance and optimized power distribution. As electric and hybrid vehicles gain traction in the automotive industry, in-wheel motors are poised to play a significant role in powering the next generation of clean and sustainable transportation solutions.
Restraints
- High initial costs
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Limited scalability for heavy-duty vehicles : The global market for in-wheel motors has experienced steady growth, particularly in the automotive sector, where they offer advantages in efficiency, packaging, and individual wheel control. However, this growth trajectory faces limitations when it comes to heavy-duty vehicles. In-wheel motors present challenges in scalability for heavier vehicles due to their inherent design constraints. Heavy-duty vehicles, such as trucks and buses, require substantial power and torque to operate efficiently, often beyond what current in-wheel motor technology can reliably provide.
The weight and size of heavy-duty vehicles exacerbate the challenges associated with integrating in-wheel motors. These vehicles demand robust and durable propulsion systems capable of enduring harsh operating conditions, including high loads, frequent starts, and stops, and extended duty cycles. In-wheel motors must contend with these demands while maintaining performance, reliability, and longevity. However, current designs face limitations in power density and thermal management, hindering their suitability for heavy-duty applications.
The cost-effectiveness of in-wheel motors for heavy-duty vehicles remains a concern. While the technology offers benefits such as regenerative braking and simplified drivetrains, the upfront costs of implementation and maintenance may outweigh the potential long-term savings, especially for fleet operators with tight budgets and high utilization rates. Furthermore, the complexities of integrating in-wheel motors into existing heavy-duty vehicle architectures pose additional challenges, requiring substantial engineering and retrofitting efforts.
Opportunities
- Growing emphasis on energy efficiency
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Integration of in-wheel motors in autonomous vehicles : The global in-wheel motor market has witnessed significant growth in recent years, largely fueled by the integration of these motors in autonomous vehicles. In-wheel motors offer several advantages in autonomous vehicle design, including improved traction, enhanced maneuverability, and greater efficiency. As autonomous driving technology advances, the demand for in-wheel motors is expected to surge further, driven by the need for reliable propulsion systems that can seamlessly integrate with autonomous driving systems.
One of the key benefits of integrating in-wheel motors into autonomous vehicles is the potential for simplified vehicle architecture. By placing the motors directly within the wheels, automakers can eliminate the need for complex drivetrain components such as axles, transmissions, and differentials. This not only reduces the overall weight of the vehicle but also frees up space within the vehicle chassis for other components, such as batteries or sensors, essential for autonomous operation.
In-wheel motors offer precise control over each wheel independently, enabling advanced traction control and stability management systems. This level of control is particularly valuable in autonomous vehicles, where precise handling and responsiveness are crucial for ensuring passenger safety and comfort. Additionally, in-wheel motors can facilitate regenerative braking, capturing energy during deceleration and feeding it back into the vehicle's battery system, thereby improving overall energy efficiency.
Competitive Landscape Analysis
Key players in Global In-Wheel Motor Market include :
- Protean Electric
- Elaphe Propulsion Technologies
- Ziehl-Abegg Automotive
- NTN Corporation
- Printed Motor Works
- GEM Motors
- e-Traction
- Schaeffler Technologies AG & Co. KG
- QS Motor
- NSK Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Propulsion
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Motor Type
- Market Snapshot, By Cooling Type
- Market Snapshot, By Power Output Type
- Market Snapshot, By Region
- Market Opportunity Map
- Global In-Wheel Motor Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand for electric vehicles
- Advancements in in-wheel motor technology
- Restraints
- High initial costs
- Limited scalability for heavy-duty vehicles
- Opportunities
- Growing emphasis on energy efficiency
- Integration of in-wheel motors in autonomous vehicles
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global In-Wheel Motor Market, By Propulsion, 2023 - 2033 (USD Million)
- BEV
- FCEV
- HEV
- PHEV
- Global In-Wheel Motor Market, By Vehicle Type, 2023 - 2033 (USD Million)
- Passenger Car
- Commercial Vehicle
- Global In-Wheel Motor Market, By Motor Type, 2023 - 2033 (USD Million)
- Axial Flux Motor
- Radial Flux Motor
- Global In-Wheel Motor Market, By Cooling Type, 2023 - 2033 (USD Million)
- Air Cooling
- Liquid Cooling
- Global In-Wheel Motor Market, By Power Output Type, 2023 - 2033 (USD Million)
- Upto 60 KW
- 60-90 KW
- Above 90 KW
- Global In-Wheel Motor Market, By Geography, 2023 - 2033 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global In-Wheel Motor Market, By Propulsion, 2023 - 2033 (USD Million)
- Competitive Landscape
- Company Profiles
- Protean Electric
- Elaphe Propulsion Technologies
- Ziehl-Abegg Automotive
- NTN Corporation
- Printed Motor Works
- GEM Motors
- e-Traction
- Schaeffler Technologies AG & Co. KG
- QS Motor
- NSK Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market