US In-wheel Motors Market Summary
The United States In-Wheel Motors market is projected to experience substantial growth from 1.47 billion USD in 2024 to 12.5 billion USD by 2035.
Key Market Trends & Highlights
US In-Wheel Motors Key Trends and Highlights
- The market is expected to grow at a compound annual growth rate (CAGR) of 21.48 percent from 2025 to 2035.
- By 2035, the market valuation is anticipated to reach 12.5 billion USD, indicating a robust expansion.
- In 2024, the market is valued at 1.47 billion USD, reflecting the initial phase of significant growth.
- Growing adoption of electric vehicles due to increasing environmental concerns is a major market driver.
Market Size & Forecast
2024 Market Size | 1.47 (USD Billion) |
2035 Market Size | 12.5 (USD Billion) |
CAGR (2025-2035) | 21.48% |
Largest Regional Market Share in 2024 | latin_america) |
Major Players
Bosch, Valeo, Protean Electric, Aptiv, Tesla, Ford Motor Company, Nidec Corporation, Elaphe Propulsion Technologies, Yamaha Motor, Magna International, Continental AG, Mitsubishi Motors, General Motors, Hitachi Automotive Systems, Brembo
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