Expansion Driven by Advancements in Electric Vehicle Technologies

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Global In-Wheel Motor Market

Global In-Wheel Motor Market

Global In-Wheel Motor Market

Dublin, Jan. 05, 2024 (GLOBE NEWSWIRE) — The “Global In-Wheel Motor Market by Propulsion (Battery Electric Vehicle, Fuel Cell Electric Vehicles, Hybrid Electric Vehicles), Motor Type (Axial, Radial), Cooling Type, Weight, Power Output, Vehicle – Forecast 2023-2030” report has been added to ResearchAndMarkets.com’s offering.

The In-Wheel Motor Market size was estimated at USD 1.07 billion in 2022, USD 1.42 billion in 2023, growing at a CAGR of 33.06% to reach USD 10.54 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the In-Wheel Motor Market.

  • Based on Propulsion, the market is studied across Battery Electric Vehicle, Fuel Cell Electric Vehicles, Hybrid Electric Vehicles, and Plug-in Hybrid Electric Vehicles. The Fuel Cell Electric Vehicles is projected to witness significant market share during forecast period.

  • Based on Motor Type, the market is studied across Axial and Radial. The Axial is projected to witness significant market share during forecast period.

  • Based on Cooling Type, the market is studied across Air-Cooled and Liquid-Cooled. The Liquid-Cooled is projected to witness significant market share during forecast period.

  • Based on Weight, the market is studied across 20 KG to 30 KG, Less Than 20 KG, and More Than 31 KG. The More Than 31 KG is projected to witness significant market share during forecast period.

  • Based on Power Output, the market is studied across 60-90 KW, Above 90 KW, and Up to 60 KW. The Above 90 KW is projected to witness significant market share during forecast period.

  • Based on Vehicle, the market is studied across Luxury and Mid-Priced. The Luxury is projected to witness significant market share during forecast period.

  • Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa.

Key Attributes:

Report Attribute

Details

No. of Pages

186

Forecast Period

2023 – 2030

Estimated Market Value (USD) in 2023

$1.42 Billion

Forecasted Market Value (USD) by 2030

$10.54 Billion

Compound Annual Growth Rate

33.0%

Regions Covered

Global

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/p9vpyv

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ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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