×
Request Free Sample ×
ReportInfographic

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background
English
Chinese
French
Japanese
Korean
German
Spanish

In-wheel Motors Market Analysis

ID: MRFR/AT/5824-CR
110 Pages
Sejal Akre
October 2022

In-wheel motor Market Size, Share & Growth Analysis Report By Propulsion Type (BEV, PHEV, FCEV, Cooling Type, Air Cooling, Liquid Cooling) Power Output (Up to 60 kW, 60–90 kW, Above 90 kW) Vehicle Type (Passenger Cars, Commercial Vehicles) - Trends & Industry Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

In-wheel Motors Market Infographic
×
In-wheel Motors Market Infographic Full View
Request Free Sample
Purchase Options
Compare License
Summary Table of Contents Segmentation Download PDF

Market Analysis

In-depth Analysis of In-wheel Motors Market Industry Landscape

Governments around the world are doing things to make people more aware of using electric commercial vehicles. They want to do this to help the environment and save money on foreign exchange. For example, the International Council on Clean Transportation is working on rules about zero-emission vehicles, better policies for electric utilities, more types of electric vehicles available, promoting them to customers, giving discounts to buyers, allowing them to use special lanes on busy roads, building more places to charge electric vehicles, letting them use special lanes with fewer cars, and supporting local promotions for electric vehicles. This is happening because the prices of crude oil, which is used to make regular vehicle fuel, keep going up. Electric vehicles are better for the environment because they make less noise and pollution compared to regular vehicles. Commercial vehicles, which are used for things like deliveries, can also do more work at night, which helps ease traffic during the day. Because of these benefits, many companies that make electric vehicles are working on new products to meet the growing demand from customers. For example, in 2021, Renault Trucks made the first electric truck called D Wide ZE, which has a tipper and a crane for the Noblet Group, especially for construction work. Another company called Protean changed the Ford F-150 EV by taking out the regular engine and putting four electric motors directly into the wheels. This is important for vehicles that need power in all four wheels, like off-road trucks or high-performance cars. So, the efforts by governments to get more people to use electric commercial vehicles are expected to make the global in-wheel motor market grow in the future. Right now, the efforts by governments are just starting, and different countries are planning to make more rules and do more things to get people to use electric vehicles in the next few years. Because of this, the impact of government efforts on the global in-wheel motor market is expected to go from low to high in the coming years.

Author
Sejal Akre
Senior Research Analyst

She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

Get In Touch

Leave a Comment

FAQs

What growth rate would the Global In-wheel motor Market register in the future?

The Global In-wheel motor Market would register a growth of ~32.31% during the forecast period.

What is the key restraining factor for the Global In-wheel motor Market?

High prices of electric vehicles is a key restraining factor for the Global In-wheel motor Market

Which region would enjoy the upper hand in the Global In-wheel motor Market?

Asia-pacific would enjoy the upper hand in the Global In-wheel motor Market

Which Asia-pacific country would set the trend in the Global In-wheel motor Market?

China.

Who are the key players operative in the global inwheel motors market?

A few major market players operating in the global inwheel motors market are ECOmove GmbH (Germany), NTN Corporation (Japan), Protean Electric (US), among others.

Market Summary

As per MRFR analysis, the In-wheel Motors Market Size was estimated at 5000.0 USD Million in 2024. The In-wheel Motors industry is projected to grow from 5300.0 in 2025 to 8800.0 by 2035, exhibiting a compound annual growth rate (CAGR) of 5.2 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The In-wheel Motors Market is poised for substantial growth driven by technological advancements and increasing electric vehicle adoption.

  • The market experiences increased adoption of electric vehicles, particularly in North America, which remains the largest market. Technological advancements in motor design are enhancing performance and efficiency, especially in the Asia-Pacific region, the fastest-growing market. The integration of in-wheel motors with autonomous vehicle technologies is gaining traction, reflecting a broader trend towards smart mobility solutions. Rising demand for electric vehicles and government initiatives promoting sustainable transportation are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 5000.0 (USD Million)
2035 Market Size 8800.0 (USD Million)
CAGR (2025 - 2035) 5.2%
Largest Regional Market Share in 2024 Asia-Pacific

Major Players

Protean Electric (GB), Elaphe Propulsion Technologies (SI), Inwheel (DE), Schaeffler (DE), Nidec Corporation (JP), Continental AG (DE), Zhejiang VIE Science and Technology Co., Ltd. (CN), Yamaha Motor Co., Ltd. (JP), BorgWarner Inc. (US)

Market Trends

The In-wheel Motors Market is currently experiencing a transformative phase, driven by advancements in electric vehicle technology and a growing emphasis on energy efficiency. This market segment appears to be gaining traction as manufacturers increasingly recognize the benefits of integrating motors directly into the wheel assembly. Such integration not only optimizes space but also enhances vehicle performance by reducing weight and improving handling. Furthermore, the shift towards sustainable transportation solutions seems to be propelling the demand for in-wheel motors, as they align with the broader goals of reducing carbon emissions and promoting eco-friendly mobility solutions. In addition, the In-wheel Motors Market is likely to witness a surge innovation, with ongoing research and development efforts aimed at improving motor efficiency and durability. The potential for customization in design and application may also attract a diverse range of automotive manufacturers, from traditional automakers to new entrants in the electric vehicle sector. As the market evolves, it appears that collaboration between technology providers and automotive companies will be crucial in addressing challenges related to cost, scalability, and integration into existing vehicle architectures.

Increased Adoption of Electric Vehicles

The In-wheel Motors Market is likely to benefit from the rising popularity of electric vehicles. As consumers and manufacturers alike prioritize sustainability, the demand for efficient propulsion systems is expected to grow. In-wheel motors offer a unique solution by providing direct drive capabilities, which can enhance the overall efficiency of electric vehicles.

Technological Advancements in Motor Design

Ongoing innovations in motor technology are anticipated to play a pivotal role in shaping the In-wheel Motors Market. Developments in materials and manufacturing processes may lead to lighter, more efficient motors. This evolution could facilitate better performance and longer lifespans, making in-wheel motors more appealing to manufacturers.

Focus on Autonomous Vehicle Integration

The integration of in-wheel motors into autonomous vehicles appears to be a significant trend. As the automotive industry moves towards automation, the need for precise control and enhanced maneuverability becomes paramount. In-wheel motors may provide the necessary agility and responsiveness, making them a preferred choice for future autonomous vehicle designs.

In-wheel Motors Market Market Drivers

Market Growth Projections

The Global In-wheel motor market is poised for remarkable growth, with projections indicating a market size of 7.63 USD Billion in 2024 and an impressive escalation to 113.8 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 27.85% from 2025 to 2035. Such figures reflect the increasing adoption of electric vehicles and the integration of advanced technologies in automotive design. The market's expansion is likely to be driven by various factors, including technological advancements, government policies, and changing consumer preferences. As the industry evolves, stakeholders are expected to capitalize on emerging opportunities, further propelling the market forward.

Rising Focus on Vehicle Efficiency

The rising focus on vehicle efficiency is a significant driver for the In-wheel motor sector. As automotive manufacturers strive to enhance fuel economy and reduce emissions, in-wheel motors present a viable solution. By integrating motors directly into the wheel hub, manufacturers can achieve better weight distribution and lower energy losses. This efficiency is particularly appealing in the context of electric vehicles, where maximizing range is critical. The market's growth trajectory, with an expected valuation of 7.63 USD Billion in 2024, underscores the importance of efficiency in automotive design. As consumer preferences shift towards more efficient vehicles, the demand for in-wheel motors is likely to increase.

Growing Demand for Electric Vehicles

The increasing global demand for electric vehicles (EVs) is a primary driver for the In-wheel motor sector. As consumers become more environmentally conscious, the shift towards sustainable transportation solutions accelerates. In 2024, the market is projected to reach 7.63 USD Billion, reflecting a robust interest in innovative technologies like in-wheel motors. These motors enhance vehicle efficiency by reducing weight and improving space utilization, which is crucial for EV manufacturers. The anticipated growth in EV sales is expected to further bolster the adoption of in-wheel motors, aligning with the industry's trajectory towards cleaner mobility solutions.

Government Initiatives and Incentives

Government initiatives and incentives aimed at promoting electric mobility play a crucial role in driving the In-wheel motor industry. Various countries are implementing policies that encourage the adoption of electric vehicles, including tax rebates, subsidies, and infrastructure development for charging stations. These measures are likely to stimulate demand for in-wheel motors, as they are integral to the design of electric vehicles. With the market expected to grow at a CAGR of 27.85% from 2025 to 2035, supportive government policies are anticipated to create a favorable environment for manufacturers and consumers alike, fostering innovation and investment in this sector.

Emerging Markets and Urbanization Trends

Emerging markets and urbanization trends are reshaping the Global In-wheel motor Industry. As urban populations grow, the demand for efficient and compact transportation solutions rises. In-wheel motors offer a unique advantage in urban settings, allowing for smaller vehicle designs that can navigate congested areas more effectively. This trend is particularly evident in regions experiencing rapid urbanization, where traditional vehicle designs may not suffice. The anticipated growth in these markets is expected to contribute to the overall expansion of the in-wheel motor sector, with projections indicating a market size of 113.8 USD Billion by 2035. Manufacturers are likely to adapt their strategies to cater to these evolving urban mobility needs.

Technological Advancements in Motor Design

Technological advancements in motor design significantly influence the In-wheel motors industry. Innovations such as improved power density, thermal management, and integration of smart technologies enhance the performance and reliability of in-wheel motors. These developments enable manufacturers to produce lighter and more efficient motors, which are essential for modern electric and hybrid vehicles. As a result, the market is likely to experience substantial growth, with projections indicating a rise to 113.8 USD Billion by 2035. The continuous evolution of motor technology not only meets consumer expectations but also aligns with regulatory standards for emissions and energy efficiency.

Market Segment Insights

By Application: Electric Vehicles (Largest) vs. Bicycles (Fastest-Growing)

In the In-wheel Motors Market, the application segment is diversified among several key areas including Electric Vehicles, Bicycles, Motorcycles, Robotics, and Industrial Equipment. Electric Vehicles hold the largest market share, driven by the increasing demand for sustainable transportation solutions. Bicycles are emerging rapidly, reflecting a growing trend towards eco-friendly commuting alternatives and urban mobility solutions. Motorcycles, while significant, are witnessing stable demand, whereas Robotics and Industrial Equipment showcase niche applications that cater to specific industry needs.

Electric Vehicles: Dominant vs. Bicycles: Emerging

Electric Vehicles dominate the In-wheel Motors Market due to the global push toward electrification and reducing carbon footprints. Their design allows for more efficient energy use, which is essential for electric propulsion. Bicycles, particularly electric bicycles, are the fastest-growing segment fueled by increasing health consciousness and government incentives for green transportation. Smart technologies and lightweight designs further enhance their appeal. Together, these segments reflect a shift in consumer preferences toward efficient, sustainable power solutions, with a growing infrastructure supporting their integration into everyday life.

By Type: Permanent Magnet Synchronous Motor (Largest) vs. Brushless DC Motor (Fastest-Growing)

In the In-wheel Motors Market, the distribution of market share among the segments shows that Permanent Magnet Synchronous Motors dominate significantly, attributed to their efficiency and performance in electric vehicles. In contrast, the Brushless DC Motor segment is gaining traction rapidly, characterized by its strong efficiency and reduced maintenance requirements, making it an attractive choice for newer models in development. Growth trends highlight a shift towards sustainable practices, where the demand for electric vehicles is on the rise. This shift inclines manufacturers towards adopting Permanent Magnet Synchronous Motors for their proven reliability, while the Brushless DC Motors are emerging due to advancements in technology and shifting consumer preferences towards high-efficiency solutions in the marketplace.

Brushless DC Motor (Dominant) vs. Switched Reluctance Motor (Emerging)

Brushless DC Motors are currently seen as dominant in the In-wheel Motors Market due to their high efficiency, low noise operation, and significant torque at low speeds, favoring their use in electric and hybrid vehicles. Their design offers advantages such as less maintenance and a longer lifespan, appealing to manufacturers aiming to meet the rising demand for sustainable transport solutions. On the other hand, the Switched Reluctance Motor is emerging as a viable option owing to its robustness, simplicity, and cost-effectiveness, particularly in hybrid and electric vehicles. This segment is gaining traction among manufacturers recognizing the potential for lower production costs while still delivering performance, thereby contributing significantly to the diversification of drive systems in modern vehicles.

By Power Rating: High Power (Largest) vs. Medium Power (Fastest-Growing)

In the In-wheel Motors Market, the power rating segment is divided into three primary categories: Low Power, Medium Power, and High Power. Among these, the High Power segment holds the largest market share due to its significant application in electric vehicles that require high performance and torque. The Medium Power segment, while smaller, is rapidly gaining traction, particularly in electric scooters and smaller vehicles, driving innovation and competitiveness.

High Power (Dominant) vs. Medium Power (Emerging)

The High Power segment is characterized by its ability to deliver superior torque and performance, making it the go-to choice for high-performance electric vehicles. This segment benefits from advancements in battery technology and automotive design, integrating seamlessly into luxury and sports electric cars. On the other hand, the Medium Power segment is emerging as a strong player, particularly in urban mobility solutions such as e-bikes and small electric cars, which prioritize efficiency and feasibility. This segment is experiencing accelerated growth due to increased urbanization and consumer preference for eco-friendly transportation solutions.

By Vehicle Type: Passenger Vehicles (Largest) vs. Commercial Vehicles (Fastest-Growing)

In the In-wheel Motors Market, passenger vehicles dominate the landscape, holding the largest market share among various vehicle types. This segment is characterized by a strong consumer preference for electric and hybrid vehicles, leading to increased adoption of in-wheel motor technology that enhances efficiency and performance. Conversely, commercial vehicles are rapidly gaining traction, reflecting a significant shift towards electrification in logistics and transportation sectors. As fleet operators seek cost-effective and eco-friendly solutions, the commercial segment is expected to witness accelerated growth.

Passenger Vehicles (Dominant) vs. Commercial Vehicles (Emerging)

Passenger vehicles, representing the dominant segment in the In-wheel Motors Market, are characterized by advancements in electric vehicle technology and consumer demand for sustainable transport. The integration of in-wheel motors enhances vehicle dynamics, offering advantages such as increased interior space and reduced weight. On the other hand, commercial vehicles are emerging as a critical market player, boasting potential for substantial growth driven by governmental regulations mandating lower emissions and the need for operational efficiency in logistics. The shift towards electric commercial fleets is prompting significant investments in in-wheel motor technologies, promising enhanced drivability and lower running costs.

By Technology: Field-Oriented Control (Largest) vs. Sensorless Control (Fastest-Growing)

In the In-wheel Motors Market, the technology segment is primarily dominated by Field-Oriented Control (FOC), which has established itself as the largest player due to its efficiency in torque delivery and optimal control of motor performance. Sensorless Control, while smaller in market share, is gaining traction due to its cost-effectiveness and simplicity, appealing to a niche market segment that prioritizes budget constraints over high-performance capabilities. Direct Torque Control has also emerged as a noteworthy player in this space, leveraging advanced algorithms to provide enhanced torque precision and responsiveness.

Field-Oriented Control (Dominant) vs. Sensorless Control (Emerging)

Field-Oriented Control (FOC) is a dominant technology within the In-wheel Motors Market due to its ability to deliver high efficiency and superior performance in electric vehicles. It employs sophisticated control methods that allow for precise manipulation of motor torque, which enhances vehicle dynamics and responsiveness. On the other hand, Sensorless Control is an emerging technology that offers a simplified approach by estimating rotor position without the need for physical sensors. This makes it an attractive option for manufacturers looking to reduce costs while still providing reliable performance. As automakers increasingly focus on affordability and efficiency, both technologies are poised for significant growth, but FOC maintains its edge as the preferred choice for high-end applications.

Get more detailed insights about In-wheel motors Market Research Report—Global Forecast till 2035

Regional Insights

North America : Technological Innovation Leader

North America is witnessing significant growth in the In-wheel Motors market, driven by advancements in electric vehicle (EV) technology and increasing consumer demand for sustainable transportation solutions. The market size is projected to reach $1,200.0 million by December 2025, reflecting a robust growth trajectory. Regulatory support for EV adoption and incentives for manufacturers are further catalyzing this growth, making the region a key player in the global market. The competitive landscape in North America is characterized by the presence of major players such as BorgWarner Inc. and Nidec Corporation, who are investing heavily in R&D to enhance product offerings. The U.S. leads the market, supported by a strong automotive industry and a growing focus on electrification. As manufacturers innovate, the region is poised to maintain its leadership in the In-wheel Motors sector, catering to both passenger and commercial vehicle segments.

Europe : Sustainable Mobility Hub

Europe is emerging as a pivotal market for In-wheel Motors, with a projected market size of $1,500.0 million by December 2025. The region's commitment to sustainability and stringent emissions regulations are driving demand for electric vehicles, thereby boosting the In-wheel Motors market. Government initiatives aimed at reducing carbon footprints and promoting green technologies are key growth drivers, positioning Europe as a leader in the transition to electric mobility. Leading countries such as Germany, France, and the UK are at the forefront of this market, with significant investments from key players like Schaeffler and Continental AG. The competitive landscape is marked by innovation and collaboration among manufacturers, fostering advancements in-wheel Motor technology. As Europe continues to prioritize sustainable transportation, the market is expected to thrive, attracting further investments and technological advancements.

Asia-Pacific : Global Market Leader

Asia-Pacific is the largest market for In-wheel Motors, with a market size of $2,500.0 million anticipated by December 2025. The region's rapid urbanization, increasing disposable incomes, and growing environmental awareness are driving the demand for electric vehicles. Additionally, supportive government policies and incentives for EV adoption are acting as catalysts for market growth, solidifying Asia-Pacific's position as a global leader in the In-wheel Motors sector. Countries like China, Japan, and South Korea are leading the charge, with significant contributions from key players such as Zhejiang VIE Science and Technology Co., Ltd. and Yamaha Motor Co., Ltd. The competitive landscape is characterized by aggressive R&D efforts and strategic partnerships aimed at enhancing product performance and efficiency. As the region continues to innovate, it is set to maintain its dominance in the In-wheel Motors market, catering to a diverse range of applications.

Middle East and Africa : Emerging Market Potential

The Middle East and Africa region is poised for growth in the In-wheel Motors market, with a projected size of $800.0 million by December 2025. The increasing focus on sustainable transportation and the rise of electric vehicles are key factors driving market expansion. Government initiatives aimed at promoting green technologies and reducing reliance on fossil fuels are creating a favorable environment for the adoption of In-wheel Motors in this region. Countries such as South Africa and the UAE are leading the way, with investments in electric mobility infrastructure and partnerships with global manufacturers. The competitive landscape is evolving, with local players collaborating with international firms to enhance technology and market reach. As the region embraces electric mobility, the In-wheel Motors market is expected to witness significant growth, driven by both consumer demand and regulatory support.

Key Players and Competitive Insights

The In-wheel Motors Market is currently characterized by a dynamic competitive landscape, driven by the increasing demand for electric vehicles (EVs) and the need for enhanced vehicle efficiency. Key players are actively pursuing strategies that emphasize innovation, partnerships, and regional expansion to solidify their market positions. For instance, Protean Electric (GB) has focused on developing advanced in-wheel motor technologies that enhance vehicle performance while reducing weight. Similarly, Schaeffler (DE) has been investing in R&D to create more efficient and compact in-wheel motors, which aligns with the growing trend towards electrification in the automotive sector. These strategies collectively contribute to a competitive environment that is increasingly focused on technological advancement and sustainability.
In terms of business tactics, companies are localizing manufacturing to reduce costs and improve supply chain efficiency. This approach is particularly relevant in the context of the In-wheel Motors Market, which is moderately fragmented, with several players vying for market share. The collective influence of these key players is shaping a landscape where innovation and operational efficiency are paramount, allowing them to respond swiftly to market demands and consumer preferences.
In November 2025, Nidec Corporation (JP) announced a strategic partnership with a leading automotive manufacturer to co-develop next-generation in-wheel motors. This collaboration is expected to leverage Nidec's expertise in electric motor technology, potentially enhancing the performance and efficiency of electric vehicles. Such partnerships are indicative of a broader trend where companies are seeking synergies to accelerate product development and market entry.
In October 2025, Elaphe Propulsion Technologies (SI) unveiled a new in-wheel motor model designed specifically for high-performance electric vehicles. This launch is significant as it positions Elaphe as a key player in the premium segment of the market, catering to manufacturers looking to differentiate their offerings through superior technology. The introduction of this model may enhance Elaphe's competitive edge and attract partnerships with high-end automotive brands.
In September 2025, Continental AG (DE) expanded its production capabilities by opening a new facility dedicated to the manufacturing of in-wheel motors. This move not only increases Continental's production capacity but also reflects a commitment to meeting the growing demand for electric vehicle components. The establishment of this facility is likely to strengthen Continental's market position and enable it to respond more effectively to customer needs.
As of December 2025, the competitive trends in the In-wheel Motors Market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence (AI) in product development. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on technological innovation, supply chain reliability, and sustainability initiatives. This transition underscores the importance of adapting to changing market dynamics and consumer expectations.

Key Companies in the In-wheel Motors Market include

Industry Developments

Q4 2025: Tesla is actively evaluating next-generation in-wheel motor technology for the Model 3 to enhance driving range and overall efficiency. Early technical assessments indicate lower mechanical losses and improved energy conversion, with further validation underway to assess large-scale production feasibility.

Q4 2025: Renault has showcased the Renault 5 Turbo 3E featuring advanced in-wheel motor technology developed by Protean Electric, marking one of the first mainstream EV applications of IWM systems. The setup enables precise torque vectoring, improved agility, and higher efficiency for performance-oriented electric vehicles.

Q2 2025: Elaphe has highlighted its Sonic.1 high-performance front in-wheel motor, capable of delivering up to 347 horsepower per wheel while integrating a full-size brake disc within a 21-inch rim. The motor supports ultra-fast response times and scalable configurations exceeding one megawatt, reinforcing Elaphe’s leadership in high-output IWM solutions.

Q1 2025: Elaphe, in collaboration with Italdesign, has demonstrated the integration of Sonic.1 in-wheel motors in a next-generation electric concept vehicle. The showcase emphasizes new vehicle architectures enabled by in-wheel propulsion, combining advanced design flexibility with enhanced performance control.

Q2 2022: e-Traction has strengthened its electric bus drivetrain portfolio through its advanced Motion 2.0 system, supporting faster electrification of public transport fleets. The solution improves efficiency, reliability, and scalability for urban and intercity electric bus deployments.

Q2 2022: Tajima Motor Corporation, in partnership with Idemitsu Kosan, has accelerated development of compact electric vehicles designed for urban mobility, capable of reaching speeds up to 60 km/h. The collaboration targets lightweight EV platforms optimized for efficiency and city use.

Q4 2021: National Electric Vehicle Sweden (NEVS) continues to leverage Protean Electric’s in-wheel motor expertise following its strategic acquisition, supporting long-term ambitions in advanced EV propulsion systems. The move strengthens vertical integration and next-generation drivetrain development.

Q4 2019: Elaphe has expanded low-volume production of its high-performance L1500 direct-drive, gearless in-wheel powertrain, supporting premium and specialized EV applications. The system delivers high torque density while eliminating traditional drivetrain components.

Q3 2018: Printed Motor Works has enhanced its compact XR-series in-wheel motors with improved radial and axial load-bearing capacity, supporting broader commercial and light-vehicle applications. The upgrades improve durability and integration flexibility for OEM programs.

Future Outlook

In-wheel Motors Market Future Outlook

The In-wheel Motors Market is projected to grow at a 5.2% CAGR from 2025 to 2035, driven by advancements in electric vehicle technology, increasing demand for energy efficiency, and urbanization.

New opportunities lie in:

  • Development of modular in-wheel motor systems for diverse vehicle types.
  • Partnerships with electric vehicle manufacturers for integrated solutions.
  • Expansion into emerging markets with tailored in-wheel motor designs.

By 2035, the In-wheel Motors Market is expected to achieve substantial growth and innovation.

Market Segmentation

In-wheel Motors Market Type Outlook

  • Permanent Magnet Synchronous Motor
  • Switched Reluctance Motor
  • Induction Motor
  • Brushless DC Motor

In-wheel Motors Market Technology Outlook

  • Sensorless Control
  • Field-Oriented Control
  • Direct Torque Control

In-wheel Motors Market Application Outlook

  • Electric Vehicles
  • Bicycles
  • Motorcycles
  • Robotics
  • Industrial Equipment

In-wheel Motors Market Power Rating Outlook

  • Low Power
  • Medium Power
  • High Power

In-wheel Motors Market Vehicle Type Outlook

  • Passenger Vehicles
  • Commercial Vehicles
  • Two-Wheelers

Report Scope

MARKET SIZE 2024 5000.0(USD Million)
MARKET SIZE 2025 5300.0(USD Million)
MARKET SIZE 2035 8800.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.2% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Protean Electric (GB), Elaphe Propulsion Technologies (SI), Inwheel (DE), Schaeffler (DE), Nidec Corporation (JP), Continental AG (DE), Zhejiang VIE Science and Technology Co., Ltd. (CN), Yamaha Motor Co., Ltd. (JP), BorgWarner Inc. (US)
Segments Covered Application, Type, Power Rating, Vehicle Type, Technology
Key Market Opportunities Growing demand for electric vehicles drives innovation in the In-wheel Motors Market.
Key Market Dynamics Rising demand for electric vehicles drives innovation and competition in the in-wheel motors market.
Countries Covered North America, Europe, APAC, South America, MEA

FAQs

What growth rate would the Global In-wheel motor Market register in the future?

The Global In-wheel motor Market would register a growth of ~32.31% during the forecast period.

What is the key restraining factor for the Global In-wheel motor Market?

High prices of electric vehicles is a key restraining factor for the Global In-wheel motor Market

Which region would enjoy the upper hand in the Global In-wheel motor Market?

Asia-pacific would enjoy the upper hand in the Global In-wheel motor Market

Which Asia-pacific country would set the trend in the Global In-wheel motor Market?

China.

Who are the key players operative in the global inwheel motors market?

A few major market players operating in the global inwheel motors market are ECOmove GmbH (Germany), NTN Corporation (Japan), Protean Electric (US), among others.

  1. SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
    1. | 1.1 EXECUTIVE SUMMARY
    2. | 1.1.1 Market Overview
    3. | 1.1.2 Key Findings
    4. | 1.1.3 Market Segmentation
    5. | 1.1.4 Competitive Landscape
    6. | 1.1.5 Challenges and Opportunities
    7. | 1.1.6 Future Outlook
  2. SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
    1. | 2.1 MARKET INTRODUCTION
    2. | 2.1.1 Definition
    3. | 2.1.2 Scope of the study
    4. |-- 2.1.2.1 Research Objective
    5. |-- 2.1.2.2 Assumption
    6. |-- 2.1.2.3 Limitations
    7. | 2.2 RESEARCH METHODOLOGY
    8. | 2.2.1 Overview
    9. | 2.2.2 Data Mining
    10. | 2.2.3 Secondary Research
    11. | 2.2.4 Primary Research
    12. |-- 2.2.4.1 Primary Interviews and Information Gathering Process
    13. |-- 2.2.4.2 Breakdown of Primary Respondents
    14. | 2.2.5 Forecasting Model
    15. | 2.2.6 Market Size Estimation
    16. |-- 2.2.6.1 Bottom-Up Approach
    17. |-- 2.2.6.2 Top-Down Approach
    18. | 2.2.7 Data Triangulation
    19. | 2.2.8 Validation
  3. SECTION III: QUALITATIVE ANALYSIS
    1. | 3.1 MARKET DYNAMICS
    2. | 3.1.1 Overview
    3. | 3.1.2 Drivers
    4. | 3.1.3 Restraints
    5. | 3.1.4 Opportunities
    6. | 3.2 MARKET FACTOR ANALYSIS
    7. | 3.2.1 Value chain Analysis
    8. | 3.2.2 Porter's Five Forces Analysis
    9. |-- 3.2.2.1 Bargaining Power of Suppliers
    10. |-- 3.2.2.2 Bargaining Power of Buyers
    11. |-- 3.2.2.3 Threat of New Entrants
    12. |-- 3.2.2.4 Threat of Substitutes
    13. |-- 3.2.2.5 Intensity of Rivalry
    14. | 3.2.3 COVID-19 Impact Analysis
    15. |-- 3.2.3.1 Market Impact Analysis
    16. |-- 3.2.3.2 Regional Impact
    17. |-- 3.2.3.3 Opportunity and Threat Analysis
  4. SECTION IV: QUANTITATIVE ANALYSIS
    1. | 4.1 Automobile, BY Application (USD Million)
    2. | 4.1.1 Electric Vehicles
    3. | 4.1.2 Bicycles
    4. | 4.1.3 Motorcycles
    5. | 4.1.4 Robotics
    6. | 4.1.5 Industrial Equipment
    7. | 4.2 Automobile, BY Type (USD Million)
    8. | 4.2.1 Permanent Magnet Synchronous Motor
    9. | 4.2.2 Switched Reluctance Motor
    10. | 4.2.3 Induction Motor
    11. | 4.2.4 Brushless DC Motor
    12. | 4.3 Automobile, BY Power Rating (USD Million)
    13. | 4.3.1 Low Power
    14. | 4.3.2 Medium Power
    15. | 4.3.3 High Power
    16. | 4.4 Automobile, BY Vehicle Type (USD Million)
    17. | 4.4.1 Passenger Vehicles
    18. | 4.4.2 Commercial Vehicles
    19. | 4.4.3 Two-Wheelers
    20. | 4.5 Automobile, BY Technology (USD Million)
    21. | 4.5.1 Sensorless Control
    22. | 4.5.2 Field-Oriented Control
    23. | 4.5.3 Direct Torque Control
    24. | 4.6 Automobile, BY Region (USD Million)
    25. | 4.6.1 North America
    26. |-- 4.6.1.1 US
    27. |-- 4.6.1.2 Canada
    28. | 4.6.2 Europe
    29. |-- 4.6.2.1 Germany
    30. |-- 4.6.2.2 UK
    31. |-- 4.6.2.3 France
    32. |-- 4.6.2.4 Russia
    33. |-- 4.6.2.5 Italy
    34. |-- 4.6.2.6 Spain
    35. |-- 4.6.2.7 Rest of Europe
    36. | 4.6.3 APAC
    37. |-- 4.6.3.1 China
    38. |-- 4.6.3.2 India
    39. |-- 4.6.3.3 Japan
    40. |-- 4.6.3.4 South Korea
    41. |-- 4.6.3.5 Malaysia
    42. |-- 4.6.3.6 Thailand
    43. |-- 4.6.3.7 Indonesia
    44. |-- 4.6.3.8 Rest of APAC
    45. | 4.6.4 South America
    46. |-- 4.6.4.1 Brazil
    47. |-- 4.6.4.2 Mexico
    48. |-- 4.6.4.3 Argentina
    49. |-- 4.6.4.4 Rest of South America
    50. | 4.6.5 MEA
    51. |-- 4.6.5.1 GCC Countries
    52. |-- 4.6.5.2 South Africa
    53. |-- 4.6.5.3 Rest of MEA
  5. SECTION V: COMPETITIVE ANALYSIS
    1. | 5.1 Competitive Landscape
    2. | 5.1.1 Overview
    3. | 5.1.2 Competitive Analysis
    4. | 5.1.3 Market share Analysis
    5. | 5.1.4 Major Growth Strategy in the Automobile
    6. | 5.1.5 Competitive Benchmarking
    7. | 5.1.6 Leading Players in Terms of Number of Developments in the Automobile
    8. | 5.1.7 Key developments and growth strategies
    9. |-- 5.1.7.1 New Product Launch/Service Deployment
    10. |-- 5.1.7.2 Merger & Acquisitions
    11. |-- 5.1.7.3 Joint Ventures
    12. | 5.1.8 Major Players Financial Matrix
    13. |-- 5.1.8.1 Sales and Operating Income
    14. |-- 5.1.8.2 Major Players R&D Expenditure. 2023
    15. | 5.2 Company Profiles
    16. | 5.2.1 Protean Electric (GB)
    17. |-- 5.2.1.1 Financial Overview
    18. |-- 5.2.1.2 Products Offered
    19. |-- 5.2.1.3 Key Developments
    20. |-- 5.2.1.4 SWOT Analysis
    21. |-- 5.2.1.5 Key Strategies
    22. | 5.2.2 Elaphe Propulsion Technologies (SI)
    23. |-- 5.2.2.1 Financial Overview
    24. |-- 5.2.2.2 Products Offered
    25. |-- 5.2.2.3 Key Developments
    26. |-- 5.2.2.4 SWOT Analysis
    27. |-- 5.2.2.5 Key Strategies
    28. | 5.2.3 Inwheel (DE)
    29. |-- 5.2.3.1 Financial Overview
    30. |-- 5.2.3.2 Products Offered
    31. |-- 5.2.3.3 Key Developments
    32. |-- 5.2.3.4 SWOT Analysis
    33. |-- 5.2.3.5 Key Strategies
    34. | 5.2.4 Schaeffler (DE)
    35. |-- 5.2.4.1 Financial Overview
    36. |-- 5.2.4.2 Products Offered
    37. |-- 5.2.4.3 Key Developments
    38. |-- 5.2.4.4 SWOT Analysis
    39. |-- 5.2.4.5 Key Strategies
    40. | 5.2.5 Nidec Corporation (JP)
    41. |-- 5.2.5.1 Financial Overview
    42. |-- 5.2.5.2 Products Offered
    43. |-- 5.2.5.3 Key Developments
    44. |-- 5.2.5.4 SWOT Analysis
    45. |-- 5.2.5.5 Key Strategies
    46. | 5.2.6 Continental AG (DE)
    47. |-- 5.2.6.1 Financial Overview
    48. |-- 5.2.6.2 Products Offered
    49. |-- 5.2.6.3 Key Developments
    50. |-- 5.2.6.4 SWOT Analysis
    51. |-- 5.2.6.5 Key Strategies
    52. | 5.2.7 Zhejiang VIE Science and Technology Co., Ltd. (CN)
    53. |-- 5.2.7.1 Financial Overview
    54. |-- 5.2.7.2 Products Offered
    55. |-- 5.2.7.3 Key Developments
    56. |-- 5.2.7.4 SWOT Analysis
    57. |-- 5.2.7.5 Key Strategies
    58. | 5.2.8 Yamaha Motor Co., Ltd. (JP)
    59. |-- 5.2.8.1 Financial Overview
    60. |-- 5.2.8.2 Products Offered
    61. |-- 5.2.8.3 Key Developments
    62. |-- 5.2.8.4 SWOT Analysis
    63. |-- 5.2.8.5 Key Strategies
    64. | 5.2.9 BorgWarner Inc. (US)
    65. |-- 5.2.9.1 Financial Overview
    66. |-- 5.2.9.2 Products Offered
    67. |-- 5.2.9.3 Key Developments
    68. |-- 5.2.9.4 SWOT Analysis
    69. |-- 5.2.9.5 Key Strategies
    70. | 5.3 Appendix
    71. | 5.3.1 References
    72. | 5.3.2 Related Reports

Automobile Market Segmentation

Automobile By Application (USD Million, 2025-2035)

  • Electric Vehicles
  • Bicycles
  • Motorcycles
  • Robotics
  • Industrial Equipment

Automobile By Type (USD Million, 2025-2035)

  • Permanent Magnet Synchronous Motor
  • Switched Reluctance Motor
  • Induction Motor
  • Brushless DC Motor

Automobile By Power Rating (USD Million, 2025-2035)

  • Low Power
  • Medium Power
  • High Power

Automobile By Vehicle Type (USD Million, 2025-2035)

  • Passenger Vehicles
  • Commercial Vehicles
  • Two-Wheelers

Automobile By Technology (USD Million, 2025-2035)

  • Sensorless Control
  • Field-Oriented Control
  • Direct Torque Control
Infographic

Free Sample Request

Kindly complete the form below to receive a free sample of this Report

Get Free Sample

Related Reports

Regional Reports
Country Reports

Customer Strories

Customer Stories
Case Study
Aerospace & Defense
Future of Dismounted Soldier Systems Market Trends & Adoption Roadmap 2019–2035

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization ✓ ✓ ✓
Direct Access to Analyst ✓ ✓ ✓
Deliverable Format ✓ ✓ ✓
Platform Access ✗ ✗ ✓
Discount on Next Purchase 10% 15% 15%
Printable Versions ✗ ✗ ✓