In-Wheel Motor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

  • Single User License $3500

In-Wheel Motor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : February, 2022 | Automotive

Report Digest

Global In-Wheel Motor market: Overview

The in-wheel motor refers to a variety of electric vehicle drive system. The usual electric vehicles come with a design in which electric motor replaces gasoline engine. The in-wheel motor electric vehicle is fitted right around each of the driving wheels so as to directly supply power the wheels. The global in-wheel motor market is anticipated to observe growth in the rising sales of electric vehicles in the years to come.

There has been an augmented demand for electric mobility amongst the people. Besides, people are more aware about the adverse effects of emissions from diesel and gasoline is likely to support growth of the global in-wheel motor market over the tenure of assessment. Furthermore, there has been a rise in the demand for reduction in the weight of vehicles as it is able to expand spaces within the electric vehicles and regulates four wheels centrally. The global in-wheel motor market is likely to observe high growth as the use of the product is rising at a much faster rate than other types of motors in the electric vehicle sector.

The global in-wheel motor market has been segmented based on propulsion, vehicle, motor, cooling, power output, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global In-Wheel Motor Market: Notable Developments

In the last few years, the global in-wheel motor market has come across quite a few path-breaking developments. One such development of the market is mentioned below:

  • In December 2018, Leader in automotive technology, Protean Electric Ltd, Wuxi Weifu e-Drive Technology Ltd, and Shanghai-based innovator of mobility technology, Human Horizons entered into strategic cooperation for the manufacture and development of in-wheel motors. These motors will be made to be used in next-generation of intelligent and connected vehicles. This cooperation and their innovations are likely to pave way for rapid expansion of the market.

Some of the key market players of the global in-wheel motor market are

  • Bayerische Motoren Werke AG (BMW)
  • Ziehl-Abegg SE
  • Nissan Motor Corporation
  • BYD Co Ltd
  • Printed Motor Works Ltd
  • NTN Corporation.

Global In-Wheel Motor Market: Growth Drivers

High Demand for Lightweight Vehicles to Shoot Up Demand in the Market

The global in-wheel motor market is estimated to be driven by the ability of in-wheel motors to better the performance of electric vehicles. It provides torque to the associated tires and produce power to better the efficiency of electric vehicles. Presence of increased government support and subsidies together with rising popularity of electric vehicles and expanding range of diverse vehicles equipped with in-wheel motors is likely to propel growth of the global in-wheel motor market in the years to come.

In addition to that, there has been a surge in demand for lightweight vehicles for fuel efficiency and environment-friendliness. Demand for lightweight vehicles together with increased space inside the vehicle fitted with in-wheel motors are estimated to pave way for rapid growth of the global in-wheel motor market in the years to come.

On the other hand, high cost of manufacturing costs together with complicated control system of speed wheel is likely to hamper the expansion of the global in-wheel motor market over the tenure of assessment. The market is likely to witness a drop in sale due to the ongoing outbreak of Covid-19. The pandemic has brought almost all the industries, including vehicles, to a standstill, which is likely to leave an adverse impact on the market for some time.

Global In-Wheel Motor Market: Regional Outlook

Asia Pacific is likely to account for a major chunk of the global in-wheel motor market over the period of assessment. Increasing popularity of electric vehicles and rise in the disposable income of the people is estimated to render Asia Pacific market a highly lucrative territory for the market in the years to come.

The global in-wheel motor market is segmented as:


  • BEV
  • HEV
  • PHEV
  • FCEV


  • PC
  • CV


  • Axial Flux
  • Radial Flux


  • Air
  • Fluid

Power Output

  • Up to 60 KW
  • 60–90 KW
  • Above 90 Kw

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?