In-Wheel Motor Market Updates by 2031
The in-wheel motor market is expected to register a CAGR of 30.9% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles is likely to remain a key trend in the market.
In-Wheel Motor Market Analysis
- The market for automotive in-wheel motors is expanding steadily due to factors such as growing vehicle production, increasing adoption of electric vehicles, and advancements in technology in automobiles.
- The ability of in-wheel motors to improve the performance of vehicles by providing torque to the corresponding tires and the enhanced simplicity and efficiency of vehicles are major factors driving the growth of the in-wheel motors market.
- Additionally, these motors produce a lot of power to increase the efficiency of electric vehicles, which is another factor contributing to the predicted growth of the in-wheel motor market.
- Furthermore, the broad variety of vehicles with in-wheel motors and the global surge in popularity of electric vehicles are anticipated to contribute to the in-wheel motors market's growth during the forecast period.
In-Wheel Motor Market Overview
- The automobile industry is going through a revolutionary phase of electrification and sustainable mobility, which is causing a paradigm shift in the global in-wheel motor market.
- Growing consumer demand for safety and convenience features, increased interest in electric vehicles, and stringent government safety laws imposed on the automotive sector are all expected to drive the growth of the global in-wheel motor market.
- Furthermore, the in-wheel motors assist in minimizing the lag time associated with rotation and deliver instantaneous engine output to the wheels for precise control. As a result, the in-wheel motors reduce energy losses and improve wheel control. Additionally, factors that are projected to present lucrative opportunities and sustain the growth of the global in-wheel motor market include the rising number of electric motors and the rising popularity of electric vehicles.
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In-Wheel Motor Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
In-Wheel Motor Market: Strategic Insights
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In-Wheel Motor Market Drivers and Opportunities
Increasing Automobile Production to Favor the Market
- The growing sales of automobiles in emerging countries are anticipated to have a positive impact on the in-wheel motor market globally.
- Growing demand for electric vehicles and rising consumer preference for high-end vehicles are boosting the demand for in-wheel motors at the global level, which is acting as a major driver for the market.
Growing Adoption of Electric Vehicles
- Urbanization, rising disposable income in developing markets, and technological advancements and performance are driving a significant shift in the automotive industry's growth.
- The rapid adoption of electric vehicles (EVs) is the primary factor driving the global in-wheel motor market.
- Electric vehicles have become increasingly popular as the automotive industry strives to decrease its carbon footprint and shift towards more environmentally friendly mobility solutions.
- The demand for in-wheel motor technology is rising as a result of governments around the world enacting aggressive goals and incentives to hasten the adoption of EVs.
- An essential part of electric propulsion systems are in-wheel motors, sometimes referred to as hub motors. In-wheel motors increase vehicle design flexibility and efficiency by removing the requirement for a conventional centralized drivetrain by integrating the motor directly into the wheel hub.
In-Wheel Motor Market Report Segmentation Analysis
Key segments that contributed to the derivation of the in-wheel motor market analysis are type, cooling method, type of electric vehicle, and power output.
- Based on type, the in-wheel motor market is divided into radial flux and axial flux.
- Based on the cooling method, the in-wheel motor market is divided into liquid and air.
- Based on the type of electric vehicle, the in-wheel motor market is divided into battery electric vehicles, plug-in hybrid electric vehicles, hybrid electric vehicles, and fuel cell electric vehicles.
- Based on power output, the in-wheel motor market is divided into Up to 60 KW, 60-90 KW, and Above 90 KW.
In-Wheel Motor Market Share Analysis by Geography
- The in-wheel motor market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering in-wheel motor market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the in-wheel motor market in these regions.
In-Wheel Motor Market Report Scope
In-Wheel Motor Market News and Recent Developments
The in-wheel motor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the in-wheel motor market are listed below:
- One of the first companies to launch a multifunction vehicle comprising Schaeffler wheel hub motor technology onto the market is Jungo. Jungo and Schaeffler have been partnering to tailor the drive technology to the specific everyday requirements of commercial street sweeping. “The electric in-wheel motors and braking technology eliminates the need for oil changes and greatly enhances our vehicles’ performance in terms of efficiency, power-to-weight ratio, safety, handling, and braking reliability,” said Jungo founder and CEO Nicolas Jungo. (Source: Schaeffler, Press Release, March 2023)
- Local Motors, a leader in the design, manufacturing, and deployment of autonomous vehicles, and Protean Electric, the world leader of in-wheel motor technology for passenger cars, light commercial vehicles and future transport solutions, have expanded their long-standing partnership, inking a further three-year deal valued at $7.3 million. Under this significant new order, Protean Electric will deliver thousands of its ProteanDrive in-wheel motors (IWMs) to power Local Motors’ Olli 2.0 electric autonomous shuttles, accelerating the rollout of state-of-the-art vehicles around the world. (Source: Protean Electric, Press Release, June 2021)
In-Wheel Motor Market Report Coverage and Deliverables
The “In-Wheel Motor Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- In-wheel motor market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- In-wheel motor market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- In-wheel motor market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the in-wheel motor market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share an excel dataset based on the request.
The leading players operating in the in-wheel motor market are ECOmove GmbH, Elaphe Ltd., MW Motors, Nu Ride Inc., Protean Electric, Schaeffler AG, Dana TM4, The Nissan Motor Company, Ltd., and Ziehl-Abegg SE.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global in-wheel motor market in the coming years.
The global in-wheel motor market is expected to grow at a CAGR of 30.9% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the in-wheel motor market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 In-Wheel Motor Market - By Type
1.3.2 In-Wheel Motor Market - By Cooling Method
1.3.3 In-Wheel Motor Market - By Type Of Electric Vehicle
1.3.4 In-Wheel Motor Market - By Power Output
1.3.5 In-Wheel Motor Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IN-WHEEL MOTOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. IN-WHEEL MOTOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. IN-WHEEL MOTOR MARKET - GLOBAL MARKET ANALYSIS
6.1. IN-WHEEL MOTOR - GLOBAL MARKET OVERVIEW
6.2. IN-WHEEL MOTOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IN-WHEEL MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. RADIAL FLUX
7.3.1. Overview
7.3.2. Radial Flux Market Forecast and Analysis
7.4. AXIAL FLUX
7.4.1. Overview
7.4.2. Axial Flux Market Forecast and Analysis
8. IN-WHEEL MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - COOLING METHOD
8.1. OVERVIEW
8.2. COOLING METHOD MARKET FORECASTS AND ANALYSIS
8.3. LIQUID
8.3.1. Overview
8.3.2. Liquid Market Forecast and Analysis
8.4. AIR
8.4.1. Overview
8.4.2. Air Market Forecast and Analysis
9. IN-WHEEL MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE OF ELECTRIC VEHICLE
9.1. OVERVIEW
9.2. TYPE OF ELECTRIC VEHICLE MARKET FORECASTS AND ANALYSIS
9.3. BATTERY ELECTRIC VEHICLE
9.3.1. Overview
9.3.2. Battery Electric Vehicle Market Forecast and Analysis
9.4. HYBRID ELECTRIC VEHICLE
9.4.1. Overview
9.4.2. Hybrid Electric Vehicle Market Forecast and Analysis
9.5. PLUG-IN HYBRID ELECTRIC VEHICLE
9.5.1. Overview
9.5.2. Plug-In Hybrid Electric Vehicle Market Forecast and Analysis
9.6. FUEL CELL ELECTRIC VEHICLE
9.6.1. Overview
9.6.2. Fuel Cell Electric Vehicle Market Forecast and Analysis
10. IN-WHEEL MOTOR MARKET - REVENUE AND FORECASTS TO 2028 - POWER OUTPUT
10.1. OVERVIEW
10.2. POWER OUTPUT MARKET FORECASTS AND ANALYSIS
10.3. UP TO 60 KW
10.3.1. Overview
10.3.2. Up to 60 KW Market Forecast and Analysis
10.4. 60-90 KW
10.4.1. Overview
10.4.2. 60-90 KW Market Forecast and Analysis
10.5. ABOVE 90 KW
10.5.1. Overview
10.5.2. Above 90 KW Market Forecast and Analysis
11. IN-WHEEL MOTOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America In-Wheel Motor Market Overview
11.1.2 North America In-Wheel Motor Market Forecasts and Analysis
11.1.3 North America In-Wheel Motor Market Forecasts and Analysis - By Type
11.1.4 North America In-Wheel Motor Market Forecasts and Analysis - By Cooling Method
11.1.5 North America In-Wheel Motor Market Forecasts and Analysis - By Type Of Electric Vehicle
11.1.6 North America In-Wheel Motor Market Forecasts and Analysis - By Power Output
11.1.7 North America In-Wheel Motor Market Forecasts and Analysis - By Countries
11.1.7.1 United States In-Wheel Motor Market
11.1.7.1.1 United States In-Wheel Motor Market by Type
11.1.7.1.2 United States In-Wheel Motor Market by Cooling Method
11.1.7.1.3 United States In-Wheel Motor Market by Type Of Electric Vehicle
11.1.7.1.4 United States In-Wheel Motor Market by Power Output
11.1.7.2 Canada In-Wheel Motor Market
11.1.7.2.1 Canada In-Wheel Motor Market by Type
11.1.7.2.2 Canada In-Wheel Motor Market by Cooling Method
11.1.7.2.3 Canada In-Wheel Motor Market by Type Of Electric Vehicle
11.1.7.2.4 Canada In-Wheel Motor Market by Power Output
11.1.7.3 Mexico In-Wheel Motor Market
11.1.7.3.1 Mexico In-Wheel Motor Market by Type
11.1.7.3.2 Mexico In-Wheel Motor Market by Cooling Method
11.1.7.3.3 Mexico In-Wheel Motor Market by Type Of Electric Vehicle
11.1.7.3.4 Mexico In-Wheel Motor Market by Power Output
11.2. EUROPE
11.2.1 Europe In-Wheel Motor Market Overview
11.2.2 Europe In-Wheel Motor Market Forecasts and Analysis
11.2.3 Europe In-Wheel Motor Market Forecasts and Analysis - By Type
11.2.4 Europe In-Wheel Motor Market Forecasts and Analysis - By Cooling Method
11.2.5 Europe In-Wheel Motor Market Forecasts and Analysis - By Type Of Electric Vehicle
11.2.6 Europe In-Wheel Motor Market Forecasts and Analysis - By Power Output
11.2.7 Europe In-Wheel Motor Market Forecasts and Analysis - By Countries
11.2.7.1 Germany In-Wheel Motor Market
11.2.7.1.1 Germany In-Wheel Motor Market by Type
11.2.7.1.2 Germany In-Wheel Motor Market by Cooling Method
11.2.7.1.3 Germany In-Wheel Motor Market by Type Of Electric Vehicle
11.2.7.1.4 Germany In-Wheel Motor Market by Power Output
11.2.7.2 France In-Wheel Motor Market
11.2.7.2.1 France In-Wheel Motor Market by Type
11.2.7.2.2 France In-Wheel Motor Market by Cooling Method
11.2.7.2.3 France In-Wheel Motor Market by Type Of Electric Vehicle
11.2.7.2.4 France In-Wheel Motor Market by Power Output
11.2.7.3 Italy In-Wheel Motor Market
11.2.7.3.1 Italy In-Wheel Motor Market by Type
11.2.7.3.2 Italy In-Wheel Motor Market by Cooling Method
11.2.7.3.3 Italy In-Wheel Motor Market by Type Of Electric Vehicle
11.2.7.3.4 Italy In-Wheel Motor Market by Power Output
11.2.7.4 United Kingdom In-Wheel Motor Market
11.2.7.4.1 United Kingdom In-Wheel Motor Market by Type
11.2.7.4.2 United Kingdom In-Wheel Motor Market by Cooling Method
11.2.7.4.3 United Kingdom In-Wheel Motor Market by Type Of Electric Vehicle
11.2.7.4.4 United Kingdom In-Wheel Motor Market by Power Output
11.2.7.5 Russia In-Wheel Motor Market
11.2.7.5.1 Russia In-Wheel Motor Market by Type
11.2.7.5.2 Russia In-Wheel Motor Market by Cooling Method
11.2.7.5.3 Russia In-Wheel Motor Market by Type Of Electric Vehicle
11.2.7.5.4 Russia In-Wheel Motor Market by Power Output
11.2.7.6 Rest of Europe In-Wheel Motor Market
11.2.7.6.1 Rest of Europe In-Wheel Motor Market by Type
11.2.7.6.2 Rest of Europe In-Wheel Motor Market by Cooling Method
11.2.7.6.3 Rest of Europe In-Wheel Motor Market by Type Of Electric Vehicle
11.2.7.6.4 Rest of Europe In-Wheel Motor Market by Power Output
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific In-Wheel Motor Market Overview
11.3.2 Asia-Pacific In-Wheel Motor Market Forecasts and Analysis
11.3.3 Asia-Pacific In-Wheel Motor Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific In-Wheel Motor Market Forecasts and Analysis - By Cooling Method
11.3.5 Asia-Pacific In-Wheel Motor Market Forecasts and Analysis - By Type Of Electric Vehicle
11.3.6 Asia-Pacific In-Wheel Motor Market Forecasts and Analysis - By Power Output
11.3.7 Asia-Pacific In-Wheel Motor Market Forecasts and Analysis - By Countries
11.3.7.1 Australia In-Wheel Motor Market
11.3.7.1.1 Australia In-Wheel Motor Market by Type
11.3.7.1.2 Australia In-Wheel Motor Market by Cooling Method
11.3.7.1.3 Australia In-Wheel Motor Market by Type Of Electric Vehicle
11.3.7.1.4 Australia In-Wheel Motor Market by Power Output
11.3.7.2 China In-Wheel Motor Market
11.3.7.2.1 China In-Wheel Motor Market by Type
11.3.7.2.2 China In-Wheel Motor Market by Cooling Method
11.3.7.2.3 China In-Wheel Motor Market by Type Of Electric Vehicle
11.3.7.2.4 China In-Wheel Motor Market by Power Output
11.3.7.3 India In-Wheel Motor Market
11.3.7.3.1 India In-Wheel Motor Market by Type
11.3.7.3.2 India In-Wheel Motor Market by Cooling Method
11.3.7.3.3 India In-Wheel Motor Market by Type Of Electric Vehicle
11.3.7.3.4 India In-Wheel Motor Market by Power Output
11.3.7.4 Japan In-Wheel Motor Market
11.3.7.4.1 Japan In-Wheel Motor Market by Type
11.3.7.4.2 Japan In-Wheel Motor Market by Cooling Method
11.3.7.4.3 Japan In-Wheel Motor Market by Type Of Electric Vehicle
11.3.7.4.4 Japan In-Wheel Motor Market by Power Output
11.3.7.5 South Korea In-Wheel Motor Market
11.3.7.5.1 South Korea In-Wheel Motor Market by Type
11.3.7.5.2 South Korea In-Wheel Motor Market by Cooling Method
11.3.7.5.3 South Korea In-Wheel Motor Market by Type Of Electric Vehicle
11.3.7.5.4 South Korea In-Wheel Motor Market by Power Output
11.3.7.6 Rest of Asia-Pacific In-Wheel Motor Market
11.3.7.6.1 Rest of Asia-Pacific In-Wheel Motor Market by Type
11.3.7.6.2 Rest of Asia-Pacific In-Wheel Motor Market by Cooling Method
11.3.7.6.3 Rest of Asia-Pacific In-Wheel Motor Market by Type Of Electric Vehicle
11.3.7.6.4 Rest of Asia-Pacific In-Wheel Motor Market by Power Output
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa In-Wheel Motor Market Overview
11.4.2 Middle East and Africa In-Wheel Motor Market Forecasts and Analysis
11.4.3 Middle East and Africa In-Wheel Motor Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa In-Wheel Motor Market Forecasts and Analysis - By Cooling Method
11.4.5 Middle East and Africa In-Wheel Motor Market Forecasts and Analysis - By Type Of Electric Vehicle
11.4.6 Middle East and Africa In-Wheel Motor Market Forecasts and Analysis - By Power Output
11.4.7 Middle East and Africa In-Wheel Motor Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa In-Wheel Motor Market
11.4.7.1.1 South Africa In-Wheel Motor Market by Type
11.4.7.1.2 South Africa In-Wheel Motor Market by Cooling Method
11.4.7.1.3 South Africa In-Wheel Motor Market by Type Of Electric Vehicle
11.4.7.1.4 South Africa In-Wheel Motor Market by Power Output
11.4.7.2 Saudi Arabia In-Wheel Motor Market
11.4.7.2.1 Saudi Arabia In-Wheel Motor Market by Type
11.4.7.2.2 Saudi Arabia In-Wheel Motor Market by Cooling Method
11.4.7.2.3 Saudi Arabia In-Wheel Motor Market by Type Of Electric Vehicle
11.4.7.2.4 Saudi Arabia In-Wheel Motor Market by Power Output
11.4.7.3 U.A.E In-Wheel Motor Market
11.4.7.3.1 U.A.E In-Wheel Motor Market by Type
11.4.7.3.2 U.A.E In-Wheel Motor Market by Cooling Method
11.4.7.3.3 U.A.E In-Wheel Motor Market by Type Of Electric Vehicle
11.4.7.3.4 U.A.E In-Wheel Motor Market by Power Output
11.4.7.4 Rest of Middle East and Africa In-Wheel Motor Market
11.4.7.4.1 Rest of Middle East and Africa In-Wheel Motor Market by Type
11.4.7.4.2 Rest of Middle East and Africa In-Wheel Motor Market by Cooling Method
11.4.7.4.3 Rest of Middle East and Africa In-Wheel Motor Market by Type Of Electric Vehicle
11.4.7.4.4 Rest of Middle East and Africa In-Wheel Motor Market by Power Output
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America In-Wheel Motor Market Overview
11.5.2 South and Central America In-Wheel Motor Market Forecasts and Analysis
11.5.3 South and Central America In-Wheel Motor Market Forecasts and Analysis - By Type
11.5.4 South and Central America In-Wheel Motor Market Forecasts and Analysis - By Cooling Method
11.5.5 South and Central America In-Wheel Motor Market Forecasts and Analysis - By Type Of Electric Vehicle
11.5.6 South and Central America In-Wheel Motor Market Forecasts and Analysis - By Power Output
11.5.7 South and Central America In-Wheel Motor Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil In-Wheel Motor Market
11.5.7.1.1 Brazil In-Wheel Motor Market by Type
11.5.7.1.2 Brazil In-Wheel Motor Market by Cooling Method
11.5.7.1.3 Brazil In-Wheel Motor Market by Type Of Electric Vehicle
11.5.7.1.4 Brazil In-Wheel Motor Market by Power Output
11.5.7.2 Argentina In-Wheel Motor Market
11.5.7.2.1 Argentina In-Wheel Motor Market by Type
11.5.7.2.2 Argentina In-Wheel Motor Market by Cooling Method
11.5.7.2.3 Argentina In-Wheel Motor Market by Type Of Electric Vehicle
11.5.7.2.4 Argentina In-Wheel Motor Market by Power Output
11.5.7.3 Rest of South and Central America In-Wheel Motor Market
11.5.7.3.1 Rest of South and Central America In-Wheel Motor Market by Type
11.5.7.3.2 Rest of South and Central America In-Wheel Motor Market by Cooling Method
11.5.7.3.3 Rest of South and Central America In-Wheel Motor Market by Type Of Electric Vehicle
11.5.7.3.4 Rest of South and Central America In-Wheel Motor Market by Power Output
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. IN-WHEEL MOTOR MARKET, KEY COMPANY PROFILES
13.1. ECOMOVE GMBH
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ELAPHE LTD.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. E-TRACTION B.V
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. MW MOTORS
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. LORDSTOWN MOTORS
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. PROTEAN ELECTRIC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SCHAEFFLER AG
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. TM4
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. THE NISSAN MOTOR COMPANY, LTD.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ZIEHL-ABEGG SE
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. ECOmove GmbH
2. Elaphe Ltd.
3. e-Traction B.V
4. MW Motors
5. Lordstown Motors
6. Protean Electric
7. Schaeffler AG
8. TM4
9. The Nissan Motor Company, Ltd.
10. Ziehl-Abegg SE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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