Precision Business Insights has published a report on the global in-wheel motor market, estimating its value at USD 1,260.7 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 38.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/in-wheel-motor-market 

The in-wheel motor market revolves around electric motors that are directly integrated into a vehicle’s wheel hub, eliminating traditional transmission components like drive shafts and differentials. This technology enhances efficiency, torque distribution, and vehicle design flexibility.

Drivers:

• Rise in Electric Vehicles (EVs) – The growing adoption of EVs fuels demand for in-wheel motors due to their efficiency and space-saving benefits.
• Improved Vehicle Performance – In-wheel motors enhance acceleration, regenerative braking, and weight distribution, making them attractive for next-gen EVs.

The global in-wheel motor market segmentation:

1. By Product Type: Passenger Car and Commercial Vehicle
2. By Propulsion Type: BEV, FCEV, HEV, and PHEV
3. By Motor Type: Axial Flux Motor and Radial Flux Motor4. By Cooling Type: Air-cooled and Liquid-cooled

Request sample report at https://www.precisionbusinessinsights.com/request-sample/?product_id=62079

Regional Overview:

The report also examines the current concerns and their Future Effects on the in-wheel motor market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the in-wheel motor market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Protean Electric, Elaphe Ltd., Printed Motor Works, ZIEHL-ABEGG, NTN Corporation, Schaeffler, Ford Motor Company, Volkswagen, Nissan Motor Corporation, Bayerische Motoren Werke AG, BYD Auto Co.

About Precision Business Insights:

We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com 
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/  | D U N S® Number: 852781747