DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The "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" report has been added to ResearchAndMarkets.com's offering.

The global in-wheel motor market is estimated to grow from USD 322.8 million in 2018 at a CAGR of 35.02% to reach USD 2,641.1 by 2025.

Government subsidies and tax rebates for electric vehicles, increased driving range, reliability, and improved vehicle performance are the factors responsible for the growth of the in-wheel motor market. However, high price and increase in unsprung weight in wheels are considered to be the major restraints for the growth of the in-wheel motor market.

The radial flux motor segment, by motor type, is the fastest growing segment of the in-wheel motor market. The radial flux motor is the most common motor type 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 integration benefits, durability, and torque density.

North America is the fastest growing market for EVs, followed by Asia Pacific. North America is a regional hub for many renowned EV manufacturers, which are known for delivering quality and high-performance vehicles. OEMs in North America such as Tesla and GM are focused on the development of faster, cleaner, and high-performance electric vehicles. The leading OEMs in the US that have launched electric vehicles nationwide, now resulting in the large demand for in-wheel motors. The top-selling electric vehicles in the US are equipped with in-wheel motors.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 In-Wheel Motor Market, By Components

7 In-Wheel Motor Market, By Cooling Type

8 In-Wheel Motor Market, By Motor Type

9 In-Wheel Motor Market, By Power Output

10 In-Wheel Motor Market, By Propulsion Type

11 In-Wheel Motor Market, By Vehicle Type

12 In-Wheel Motor Market, By Region

13 Competitive Landscape

14 Company Profiles

Protean Electric Elaphe ZIEHL-ABEGG Printed Motor Works NTN E-TRACTION TM4 ECOmove NSK TAJIMA EV Schaeffler BMW Nissan Volkswagen Daimler Tesla Chevy Nissan Yasa General Motors Ford Volkswagen Volvo Mitsubishi Motors Toyota Honda Hyundai

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INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/04/2018 06:24 AM/DISC: 09/04/2018 06:24 AM

http://www.businesswire.com/news/home/20180904005388/en