In-Wheel Motor Market Analysis Report 2021-2031
In-Wheel Motor Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ XX million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2025 - 2031) | 30.9% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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