Global Two-wheeler In-wheel Motor Market 2019-2023 | Increasing Popularity for Two-wheel Drive Electric Two-wheeler to Promote Growth | Technavio
LONDON--(BUSINESS WIRE)--Dec 7, 2018--The global two-wheeler in-wheel motor market is expected to post a CAGR of over 7% during the period 2019-2023, according to the latest market research report by .
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Technavio has released a new market research report on the global two-wheeler in-wheel motor market for the period 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the market is the easier maintenance of in-wheel motor when compared with mid-drive motor. Two-wheeler in-wheel motors are fitted at the rear wheels. In some two-wheel-drive vehicles, the in-wheel motors are fitted at the front wheels. In two-wheelers with mid-drive motors, power is transferred to the wheels either by a chain or belt. Mid-drive motors weight more than in-wheel motors and include a belt or a chain for powering the wheels, the likelihood of wear is high. Although this type of motor is easier to repair or service, the maintenance cost is higher compared to in-wheel motors.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the increasing popularity for two-wheel drive electric two-wheeler as one of the key emerging trends in the global two-wheeler in-wheel motor market:
Global two-wheeler in-wheel motor market: Increasing popularity for two-wheel drive electric two-wheeler
In-wheel motors in all e-scooters and e-motorcycles that are single-wheel-driven are fitted in the rear wheels. This is because in-wheel motors fitted at the rear wheels provide more stability to the vehicle. The ideal place for placing the battery in an electric two-wheeler is under the seat. Hence, connecting the motor to the battery becomes easier when the motor is placed at the rear wheel. In-wheel motors are equipped in the front wheels of two-wheel-drive electric two-wheelers.
“High-powered electric two-wheelers use mid-drive motors to generate greater power, which is negatively affecting the two-wheeler in-wheel motor market. However, along with growing demand for high-powered electric two-wheelers, the increasing popularity of two-wheel-drive electric two-wheelers will support the growth of the global two-wheeler in-wheel-drive market. Two-wheel-drive electric two-wheelers use in-wheel motors for both wheels, or at least for the front wheel,” says a senior analyst at Technavio for research on automotive components.
Global two-wheeler in-wheel motor market: Segmentation analysis
This market research report segments the global two-wheeler in-wheel motor market by application (e-scooter and e-motorcycle) and geographical regions (APAC, EMEA, and the Americas).
The e-scooter segment held the largest market share in 2018, accounting for over 95% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2018 with a market share of nearly 87%. This region is expected to dominate the market through 2023, however, there will be a decrease in its market share by nearly 3%.
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Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 12/07/2018 02:22 PM/DISC: 12/07/2018 02:22 PM