HOME Top Market Reports In-Wheel Motor Market by Propulsion (BEV, HEV, PHEV, and FCEV), Vehicle (PC and CV), Motor (Axial Flux and Radial Flux), Cooling (Air and Liquid), Power Output (Up to 60 KW, 60–90 KW, and Above 90 Kw), and Region - Global Forecast to 2025

In-Wheel Motor Market by Propulsion (BEV, HEV, PHEV, and FCEV), Vehicle (PC and CV), Motor (Axial Flux and Radial Flux), Cooling (Air and Liquid), Power Output (Up to 60 KW, 60–90 KW, and Above 90 Kw), and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: AT 6559

 

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The global in-wheel motor market is driven by increased performance, driving range, reliability, and provision for improved electric vehicle performance similar to Internal Combustion Engine (ICE) vehicles Additionally, it helps to reduce vehicle part count, complexity, and cost by integrating power electronics into the system. The system can also be combined with regenerative braking to enhance performance and increase distance coverage per charge. The global in-wheel motor market in 2017 reached USD 257.5 million and is projected to grow at a CAGR of 35.02% to reach USD 2,641.1 million by 2025. The base year for the study is 2017, and the forecast period is from 2018 to 2025.

Market Dynamics

Drivers

  • Increase in simplicity and efficiency of vehicle
  • Reduction of weight and provision of more space

Restraints

  • Increase in unsprung weight in wheel

Opportunities

  • Rising trend of autonomous technology in vehicle
  • Increasing penetration of electric vehicles globally

Challenges

  • High cost
  • Complexity in controlling individual wheel speed

In-Wheel Motor Market

Increased simplicity and efficiency of vehicle is expected to drive the in-wheel motor market, demand close to 1,659,507 units by 2025

In-wheel motor is an electric motor that is mounted on the wheel to power the wheels directly. It is used in an electric vehicle drivetrain system. It helps improve the driving experience and generates more power. As power goes straight from the motor to the wheel, the in-wheel motor reduces the distance the power travels, which in turn increases the efficiency of the motor.

The growth of the in-wheel motor market is driven by increased driving range, reliability, and improved vehicle performance. Additionally, it helps to reduce vehicle part count, complexity, and cost by integrating power electronics into the system. The system can also be combined with regenerative braking to enhance performance and increase distance coverage per charge. However, factors such as high price and increase in unsprang weight in the wheel can restrain the growth of this market.

The growth of the in-wheel motor market is directly proportional to the growth of electric vehicle sales. Electric vehicle sales has increased significantly, especially in countries such as Japan, China, Germany, France, Netherlands, Norway, the UK, and the US. These countries, with favorable government policies, incentives, and infrastructure investment, account for more than 90% of the world’s EV sales.

The increase in R&D expenses can provide lucrative opportunities for in-wheel motor manufacturers to develop technologies to increase the efficiency of a vehicle. Various component manufacturers are focusing on developing an efficient system for future transport. The growing interest in self-driving cars is expected to boost the development of advanced technologies such as in-wheel motor to provide the best-in-class driving experience.

Critical Questions which the Report Answers:

  • Which propulsion type will lead the in-wheel motors market (BEV, PHEV, HEV, or FCEV)?
  • What are the industry trends of the in-wheel motor market?
  • How useful would be the government subsidies for in-wheel motor market for electric commercial vehicles?
  • What are the technological developments in the in-wheel motor market?

The objective of the study is to define, describe, and provide a detailed analysis of in-wheel motors. The report segments the market by propulsion, vehicle type, motor type, cooling type, power output, and region. The primary aim of the research study is to provide an in-depth analysis of the global in-wheel motor market along with the dynamics driving the market. A detailed study of various market leaders has been done, and an opportunity analysis has been provided in the report.

Various secondary sources, such as company annual reports/presentations, press releases, industry association publications [for example, European Alternative Fuels Observatory (EAFO), The European Association for Battery, Hybrid and Fuel Cell Electric Vehicles (AVERE), Alternative Fuels Data Center (AFDC), and China Association Of Automoblie Manufacturers (CAAM)], automotive magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases (for example, Marklines and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global in-wheel motor market. The primary sources experts from related industries, automobile OEMs, and in-wheel motor and component manufacturers have been interviewed to obtain and verify critical information as well as to assess future prospects and market estimations. Both the top-down and bottom-up approaches have been used for market estimation and calculating the size of the in-wheel motor market.

The figure given below illustrates the breakup of the profile of industry experts that participated in primary discussions.

In-Wheel Motor Market

To know about the assumptions considered for the study, download the pdf brochure

The in-wheel motor ecosystem consists of in-wheel motor manufacturers such as Protean Electric (US), Elaphe (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), and NTN (Japan). The ecosystem also covers various OEMs such as Tesla (US), Nissan Motor Corporation (Japan), BYD (China), BMW (Germany), and Volkswagen (Germany).

Target Audience

  • EV components manufacturers
  • In-wheel motor manufacturers
  • EV distributors and retailers
  • EV manufacturers

Scope of the Report

By Propulsion

  • BEV
  • FCEV
  • HEV
  • PHEV

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle

By Motor Type

  • Axial Flux Motor
  • Radial Flux Motor

By Cooling Type

  • Air Cooling
  • Liquid Cooling

By Power Output Type

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

By Region

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Sweden
    • The Netherlands
    • Norway

Available Customizations

  • In-wheel motor market, by vehicle type at country level
  • Company information
    • Profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the In-Wheel Motor Market
    4.2 Asia Pacific is Expected to Lead the Global In-Wheel Motor Market in 2025
    4.3 In-Wheel Motor Market, By Power Output
    4.4 In-Wheel Motor Market, By Cooling Type
    4.5 In-Wheel Motor Market, By Motor Type
    4.6 In-Wheel Motor Market, By Propulsion Type
    4.7 In-Wheel Motor Market, By Vehicle Type

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increased Simplicity and Efficiency of Vehicle
                    5.2.1.2 Reduces Weight and Provides More Space
           5.2.2 Restraints
                    5.2.2.1 Increase in Unsprung Weight in Wheel
           5.2.3 Opportunities
                    5.2.3.1 Rising Trend of Autonomous Technology in Vehicle
                    5.2.3.2 Increasing Penetration of Electric Vehicle Globally
           5.2.4 Challenges
                    5.2.4.1 High Cost
                    5.2.4.2 Complexity in Controlling Individual Wheel Speed

6 In-Wheel Motor Market, By Components (Page No. - 41)
    6.1 Introduction
    6.2 Suspension
    6.3 Rotor and Stator
    6.4 Wheel Bearings
    6.5 Regenerative Braking System

7 In-Wheel Motor Market, By Cooling Type (Page No. - 42)
    7.1 Introduction
    7.2 Air Cooling
    7.3 Liquid Cooling

8 In-Wheel Motor Market, By Motor Type (Page No. - 46)
    8.1 Introduction
    8.2 Axial Flux Motor
    8.3 Radial Flux Motor

9 In-Wheel Motor Market, By Power Output (Page No. - 50)
    9.1 Introduction
    9.2 Up to 60 KW
    9.3 60-90 KW
    9.4 Above 90 KW

10 In-Wheel Motor Market, By Propulsion Type (Page No. - 54)
     10.1 Introduction
     10.2 Battery Electric Vehicle (BEV)
     10.3 Fuel Cell Electric Vehicle (FCEV)
     10.4 Hybrid Electric Vehicle (HEV)
     10.5 Plug-In Hybrid Electric Vehicle (PHEV)

11 In-Wheel Motor Market, By Vehicle Type (Page No. - 60)
     11.1 Introduction
     11.2 Passenger Cars (PC)
     11.3 Commercial Vehicles (CV)

12 In-Wheel Motor Market, By Region (Page No. - 65)
     12.1 Introduction
     12.2 Asia Pacific
             12.2.1 China
             12.2.2 India
             12.2.3 Japan
             12.2.4 South Korea
     12.3 Europe
             12.3.1 France
             12.3.2 Germany
             12.3.3 Italy
             12.3.4 Netherlands
             12.3.5 Norway
             12.3.6 Sweden
             12.3.7 United Kingdom
     12.4 North America
             12.4.1 Canada
             12.4.2 US

13 Competitive Landscape (Page No. - 81)
     13.1 Overview
     13.2 Market Ranking Analysis
     13.3 Competitive Situation & Trends
             13.3.1 New Product Developments
             13.3.2 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements

14 Company Profiles (Page No. - 86)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Key Players
             14.1.1 Protean Electric
             14.1.2 Elaphe Ltd
             14.1.3 Ziehl-Abegg
             14.1.4 Printed Motor Works
             14.1.5 NTN
             14.1.6 e-Traction
             14.1.7 TM4
             14.1.8 ECOmove
             14.1.9 NSK
             14.1.10 TAJIMA EV
             14.1.11 YASA
             14.1.12 Schaeffler
     14.2 Key Players From Other Regions
             14.2.1 North America
                        14.2.1.1 General Motors
                        14.2.1.2 Tesla
                        14.2.1.3 Ford
             14.2.2 Europe
                        14.2.2.1 Volkswagen
                        14.2.2.2 BMW
                        14.2.2.3 Daimler
                        14.2.2.4 Volvo
             14.2.3 Asia Pacific
                        14.2.3.1 Mitsubishi Motors
                        14.2.3.2 Toyota
                        14.2.3.3 Honda
                        14.2.3.4 Hyundai
                        14.2.3.5 Nissan

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 108)
     15.1 Key Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (47 Tables)

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Autonomous Vehicle Developments
Table 3 Impact of Market Dynamics on In-Wheel Motor Market
Table 4 In-Wheel Motor Market, By Cooling Type, 2016–2025 (Units)
Table 5 Air Cooling: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 6 Liquid Cooling: Market, By Region, 2016–2025 (Units)
Table 7 In-Wheel Motor Market, By Motor Type, 2016–2025 (Units)
Table 8 Axial Flux Motor: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 9 Radial Flux Motor: Market, By Region, 2016–2025 (Units)
Table 10 In-Wheel Motor Market, By Power Output, 2016–2025 (Units)
Table 11 Up to 60 KW: Market, By Region, 2016–2025 (Units)
Table 12 60-90 KW: Market, By Region, 2016–2025 (Units)
Table 13 Above 90 KW: Market, By Region, 2016–2025 (Units)
Table 14 In-Wheel Motor Market, By Propulsion Type, 2016–2025 (Units)
Table 15 BEV: Market, By Region, 2016–2025 (Units)
Table 16 FCEV: Market, By Region, 2016–2025 (Units)
Table 17 HEV: Market, By Region, 2016–2025 (Units)
Table 18 PHEV: Market, By Region, 2016–2025 (Units)
Table 19 In-Wheel Motor Market, By Vehicle Type, 2016–2025 (Units)
Table 20 Market, By Vehicle Type, 2016–2025 (USD Million)
Table 21 Passenger Car: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 22 Passenger Car: Market, By Region, 2016–2025 (USD Million)
Table 23 Commercial Vehicles: In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 24 Commercial Vehicles: Market, By Region, 2016–2025 (USD Million)
Table 25 In-Wheel Motor Market, By Region, 2016–2025 (Units)
Table 26 Market, By Region, 2016–2025 (USD Million)
Table 27 Asia Pacific: In-Wheel Motor Market, By Country, 2016–2025 (Units)
Table 28 Asia Pacific: Market, By Country, 2016–2025 (USD Million)
Table 29 China: Market, By Motor Type, 2016–2025 (Units)
Table 30 India: , By Motor Type, 2016–2025 (Units)
Table 31 Japan: Market, By Motor Type, 2016–2025 (Units)
Table 32 South Korea: Market, By Motor Type, 2016–2025 (Units)
Table 33 Europe: Market, By Country, 2016–2025 (Units)
Table 34 Europe: Market, By Country, 2016–2025 (USD Million)
Table 35 France: Market, By Motor Type, 2016–2025 (Units)
Table 36 Germany: Market, By Motor Type, 2016–2025 (Units)
Table 37 Italy: Market, By Motor Type, 2016–2025 (Units)
Table 38 Netherlands: Market, By Motor Type, 2016–2025 (Units)
Table 39 Norway: Market, By Motor Type, 2016–2025 (Units)
Table 40 Sweden: Market, By Motor Type, 2016–2025 (Units)
Table 41 United Kingdom: Market, By Motor Type, 2016–2025 (Units)
Table 42 North America: Market, By Country, 2016–2025 (Units)
Table 43 North America: Market, By Country, 2016–2025 (USD Million)
Table 44 Canada: Market, By Motor Type, 2016–2025 (Units)
Table 45 US: Market, By Motor Type, 2016–2025 (Units)
Table 46 New Product Developments, 2013–2018
Table 47 Collaborations/Joint Ventures/Supply Contracts/Partnerships/ Agreements, 2017–2018


List of Figures (38 Figures)

Figure 1 In-Wheel Motor Market Segmentation
Figure 2 In-Wheel Motor Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology for the In-Wheel Motor Market: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology for the In-Wheel Motor Market: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 In-Wheel Motor Market: Market Dynamics
Figure 9 In-Wheel Motor Market, By Region, 2018–2025 (Units)
Figure 10 In-Wheel Motor Market, By Motor Type, 2018 vs 2025 (Units)
Figure 11 Increased Simplicity and Efficiency of Vehicle is Expected to Drive this Market, 2018–2025 (USD Million)
Figure 12 In-Wheel Motor Market Share, By Region, 2018–2025 (Units)
Figure 13 Upto 60kw Segment is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 14 Liquid Cooling Segment is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 15 Radial Flux Motor is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 16 BEV is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 17 Passenger Car is Expected to Hold the Largest Market Share, 2018 vs 2025 (Units)
Figure 18 In-Wheel Motor Market: Market Dynamics
Figure 19 Global Electric Vehicle Sales, 2014–2017
Figure 20 Liquid Cooling Segment is Expected to Grow at A Higher CAGR During the Forecast Period (2018–2025)
Figure 21 Radial Flux Motor Segment is Expected to Grow at A Higher CAGR During the Forecast Period (2018–2025)
Figure 22 Above 90 KW Segment is Expected to Grow at the Highest CAGR During the Forecast Period (2018–2025)
Figure 23 BEV Segment is Expected to Grow at the Highest CAGR During the Forecast Period (2018–2025)
Figure 24 Commercial Vehicles Segment is Expected to Grow at A Higher CAGR During the Forecast Period (2018–2025)
Figure 25 North America is Estimated to Be the Fastest Growing Market for In-Wheel Motor During the Forecast Period (2018–2025)
Figure 26 China Holds the Largest Share in the Asia Pacific In-Wheel Motor Market, 2018 vs 2025
Figure 27 Europe: In-Wheel Motor Market Snapshot
Figure 28 North America: In-Wheel Motor Market Snapshot
Figure 29 Key Developments By Leading Players in the In-Wheel Motor Market From 2013–2018
Figure 30 In-Wheel Motor Market Ranking: 2017
Figure 31 SWOT Analysis: Protean Electric
Figure 32 SWOT Analysis: Elaphe Ltd
Figure 33 Ziehl-Abegg: SWOT Analysis
Figure 34 Printed Motor Works: SWOT Analysis
Figure 35 NTN: Company Snapshot
Figure 36 NTN: SWOT Analysis
Figure 37 NSK: Company Snapshot
Figure 38 Schaeffler: Company Snapshot

The global in-wheel motor market is projected to grow at a CAGR of 35.02% during the forecast period to reach USD 2,641.1 million by 2025 from an estimated USD 322.8 million in 2018. In-wheel motor improves the performance of electric vehicles. It replaces transmission, drive shaft, axles, and differentials. In-wheel motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle.

The BEV segment (zero emission vehicles) is set to register the highest growth rate of the in-wheel motor market, followed by HEVs and PHEVs because of the availability of better subsidies and support from governments. Increasing vehicle range has fueled the demand for BEVs. The top 5 selling BEV models in Europe are Renault Zoe, Nissan Leaf, Tesla Model S, BMW i3, and Volkswagen e-Golf. Tesla Model S, Chevy Volt, BMW i3, and Nissan Leaf are equipped with in-wheel motors. Further, NTN developed the “Two Motor On-board Drive System” for the next-generation electric vehicles, which powers the left and right wheels along with the motors on each wheel.

The electric passenger car segment is estimated to be the largest of the global in-wheel motor market in 2018. The market growth of in-wheel motors can be attributed to factors such as improved fuel efficiency, high torque, increased power, and provision of better vehicle handling to both new and existing vehicles. The increasing support from governments in China, Japan France, Norway and the US, and the OEM’s efforts to improve the existing EVs models are expected to drive the sales of electric vehicles Passenger Cars (PCs) during the forecast period, which in turn would boost the demand for in-wheel motors for passenger cars.

Asia Pacific is the largest in-wheel motor market. China is the largest market because the Chinese government provides huge subsidies for the electrification of vehicles. Increase in sales of electric vehicles will lead to the increase in sales of in-wheel motors as only electric vehicles are equipped with in-wheel motors. For instance, Protean Electric, which is known for its in-wheel motors, will form a joint venture with Weifu High-Technology Group in China, and the company will try to commercialize its ProteanDrive Pd18 Motors on a larger scale.

In-Wheel Motor Market

Government support for electric vehicles, increased driving range, reliability, and improved vehicle performance are creating opportunities for the growth of the in-wheel motor market

Axial Flux Motor

Axial permanent magnet wheel motor is generally used for compact electric vehicles. An electric vehicle is driven directly by 2 wheel motors installed on its rear wheels. An axial flux motor is compact, lightweight, and highly efficient. It is used to increase the output torque and efficiency. It can be used as direct drives in electric vehicles. The manufacturing and assembling processes are simple compared to radial flux motors.

Radial Flux Motor

Radial flux motor is the most common type of motor adopted for in-wheel motors as the rotor can be directly fixed to the wheel. Moreover, in radial flux motors, the outer rotor design is about 15% lighter than the inner rotor machine, which generates the same torque due to their longer air gap diameter. In-wheel motors are almost radial because of the integration benefits, durability, and torque density.

Passenger Cars

A Passenger Car (PC), as defined by the OICA, is a motor vehicle equipped with at least 4 wheels, comprising not more than 8 seats. The PC segment is the largest, by vehicle type, and includes sedans, hatchbacks, station wagons, Sports Utility Vehicles (SUVs), and Multi-Utility Vehicles (MUVs). This vehicle segment is the most promising market for electric vehicles as it is the largest segment in the automotive industry. The PC segment of the electric vehicle market is growing at a significant rate in emerging economies in the Asia Pacific region. The market growth in the region can be attributed to a rise in the GDP and population, improvement in lifestyle, increased purchasing power of consumers, and development of infrastructure.

Commercial Vehicles

The commercial vehicle (CV) segment includes LCVs and HCVs. HCVs combine 2 categories of vehicles—heavy trucks and buses and coaches. The nature of these vehicles limits their production volume and growth rates as they are used in specific applications such as logistics, construction, and mining industries. On the other hand, LCVs have come a long way from having bare essential features to full-blown utility vehicles that can be used for passengers as well as commercial purposes.

Air Cooling

The in-wheel motors, which have a peak power of 30 KW, can be cooled using the air cooling method. For instance, Elaphe provides LEV in-wheel motor that has a peak power of 20 KW, with a speed of 1,200 rpm, which can be cooled by the air cooling method. The in-wheel motors which are cooled by the air cooling method deliver a high torque, which enhance the performance of the vehicle. It is mainly used for light electric vehicles and city electric cars.

Liquid Cooling

The in-wheel motors, which have a peak power above 30 KW, can be cooled using the liquid cooling method. For instance, Elaphe provides L1500 in-wheel motor that has a peak power of 110 KW, with a speed of 1,250 rpm and can be cooled by using the liquid cooling method. The in-wheel motors which are cooled by the liquid cooling method are powerful, compact along with standard disc brake and outer caliper. It is mainly used in SUVs and powerful sedans.

Critical Questions:

  • Where will the autonomous vehicle technology take the industry in the long term?
  • Will the industry cope with the challenge of high cost of the in-wheel motor market?
  • How do you see the impact of the additional weight of in-wheel motors?

The major restraints considered in the study include high price and increase in unsprung weight in wheels, which restrict the sales of in-wheel motors.

The global in-wheel motor market is dominated by major players such as Protean Electric (US), Elaphe (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), and NTN (Japan).

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