"Market Intelligence for High-Geared Performance"

Automotive In-Wheel Hub Motor Market Size, Share & Industry Analysis, By Vehicle Type (Passenger Cars, Commercial Vehicles), By Power Input Type (Up to 60 KW, 60-90 KW, Above 90 K.W), By Cooling Agent Type (Air Cooling, Liquid Cooling), By End Use Type (On-Road, Off-Road) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103554 | Status : Ongoing

 

KEY MARKET INSIGHTS

The automotive in-wheel hub motor is also known as an automotive hub motor. This electrical motor is attached to the wheels of an automotive (2 rear wheels or all four wheels). This motor drives the vehicle with flexibility and high efficiency. Also, the electrical motor is less mechanically complex as compared to the traditional conventional motor.


Globally, the price of fuels is increasing day by day, which is affecting the production of automobiles owing to high costs and fuel inefficiency. Moreover, the increasing population, an expanding number of vehicles are leading to the global warming crises, high emission of carbon dioxide in the atmosphere, and also its adverse health effects on people. All these factors are driving the adoption of electric vehicles in the automotive industry. Furthermore, the governments across the globe are initiating various schemes and encouraging people citizens to opt for environment-friendly and sustainable sources of energy to tackle the rising environmental challenges. The in-wheel hub motor eliminates the axles, powertrain, driveline, and transmission. These factors are likely to reduce mechanical losses essential in all components between the engine and wheel, thereby resulting in lesser noise generation and a quieter running vehicle.

Key Market Driver -

Rise in the production of electric vehicles, adoption of sustainable energy sources, and government subsidies to promote eco-friendly vehicles and approaches in the automotive industry is driving the growth of in-wheel hub motor market in the forecast period.

Key Market Restraint -

High price of hub motor and the increase in the weight of wheel may restrict the growth of in-wheel hub motor market.


Market Segmentation


Globally, the in-wheel hub motor market has been segmented by vehicle type, by power input, By cooling agent type, By end use type and by region. By vehicle type, the market is further segmented into passenger cars and commercial vehicles. The electric passenger car holds the largest market share in the global in-wheel hub motor market and is expected to dominate the market in the forecast period owing to high torque, low rpm, increased power, and improvement in fuel efficiency. Also, the increasing support and help from governments through initiatives, subsidies are driving the sales of electric passenger cars to a great extent. The power input type is divided into three ranges, such as up to 60 K.W., 60-90 KW and above 90 K.W. range. The 60-90 KW output power range for in-wheel hub motor is the maximum range used in the motors. However, the power range above 90 K.W. is showing steady growth as it has a drawback of its heavyweight and high-cost structure. The power range up to 60 K.W. is also used mainly in vehicles. By cooling agent type, there are two types of cooling agents used in the hub motor. The majorly used type is the liquid cooling agent. The liquid cooling is widely used in the hub motors. By end use type, the on-road vehicles majorly use the hub motor in their wheels as compared to off-road vehicles. Sports cars, and top-end passenger cars are fitted with the hub motor in the wheels. On the utility basis, the count of hub motor can range from two motors in the rear wheel to four motors in all wheels each.

Key Players Covered:


The major companies in the global in-wheel hub motor market include Protean Electric, ECOmove GmbH, Nissan Motors Corporation, e-Traction B.V., ZIEHL-ABEGG, NTN Corporation, Schaeffler AG, Printed Motors Works, Tesla, and Elaphe Ltd. Among others.

Key Insights



  • New Advancements in Automotive In-Wheel Hub Motor

  • Number of Products, Key Countries, 2018

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the in-wheel hub motor market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. The Asia Pacific holds the largest market share of the global in-wheel hub motor market and is expected to dominate in the forecast period. China, among other countries in the region, has the maximum production of electric vehicles owing to the massive provision of subsidies from the government to manufacture electric vehicles and rise in the import and export. This has ultimately affected the growth of electric vehicle sales in this country. All these factors are eventually propelling the growth of the in-wheel hub motor market. India is also projected to grow in the in-wheel hub motor market in the forecast period owing to the adoption of sustainable energy sources. Also, companies are investing heavily in manufacturing electric vehicles. This will increase the share of electric vehicles and ultimately give rise to the in-wheel hub motor market.

Key Market Driver -

Rise in the production of electric vehicles, adoption of sustainable energy sources, and government subsidies to promote eco-friendly vehicles and approaches in the automotive industry is driving the growth of in-wheel hub motor market in the forecast period.

Key Market Restraint -

High price of hub motor and the increase in the weight of wheel may restrict the growth of in-wheel hub motor market.


Segmentation






























 ATTRIBUTE

  DETAILS

By  Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



By Power Input Type



  • Up to 60 KW

  • 60-90 KW

  • Above 90 K.W.



By Cooling Agent Type



  • Air Cooling

  • Liquid Cooling



By End Use Type



  • On-Road

  • Off-Road



By Region



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



Automotive In-Wheel Hub Motor Industry Developments



  • May 2019: Elaphe to produce world’s highest performance in-wheel hub motor ranging from small cars to          sport utility vehicles and light commercial vehicles.

  • December 2018:  Human Horizons, Protein Electric and Wuxi Weifu e-Drive Technology have has formed a co-operation to manufacture in-wheel hub motors for the next-gen of intelligent connected vehicles





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

Hitachi
Hyundai
Bosch
Asahi
Toshiba

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X