USA In-Wheel Motor Market

Overview:
The USA In-Wheel Motor Market is gaining traction as electric vehicles (EVs) become more prevalent. In-wheel motors offer a compact and efficient solution for powering vehicles, leading to enhanced performance and design flexibility.

By Segmentation:
The market can be segmented by vehicle type, including passenger cars, commercial vehicles, and two-wheelers. It can also be categorized by application, such as electric vehicles and hybrid vehicles, as well as by motor type, including AC and DC motors.

Key Takeaways:

• The USA in-wheel motor market is driven by the growing demand for electric vehicles and advancements in motor technology.
• The integration of in-wheel motors allows for better space utilization and improved vehicle dynamics.
• Collaborations between automotive manufacturers and technology providers are essential for market growth.

According to MRFR analysis, the global In-wheel motor market is expected to register a CAGR of ~ 32.31 % from 2024 to 2030 and hold a value of over USD 49.150 million by 2032.

The In-Wheel Motor Market is gaining traction as a key technology in the automotive sector, particularly with the increasing demand for electric vehicles (EVs) and advancements in mobility solutions. In-wheel motors, also known as hub motors, are electric motors located within the wheel hub of a vehicle, eliminating the need for traditional drivetrains and enabling direct drive capabilities. This innovative approach offers several advantages, including improved efficiency, enhanced vehicle performance, and greater design flexibility.

As the automotive industry moves towards electrification and autonomous driving, in-wheel motor technology is becoming increasingly relevant. The growing focus on reducing vehicle weight, maximizing energy efficiency, and enhancing manoeuvrability is propelling the adoption of in-wheel motors in various vehicle types, including passenger cars, commercial vehicles, and electric bikes.

Market Research Future Insights

An in-wheel motor is a type of electric motor that is mounted directly inside the wheel of a vehicle, rather than being located elsewhere in the vehicle, such as in the engine compartment or transmission. In-wheel motors are used in some electric and hybrid vehicles to provide propulsion.

They can offer several benefits, such as improved handling and braking, as well as increased space inside the vehicle because they do not require a traditional drivetrain. The demand for electric and hybrid vehicles has been affected by the pandemic. The use of electric and hybrid vehicles may have been seen as a more sustainable and environmentally friendly transportation option during the pandemic, as they do not produce emissions and may help to reduce air pollution in urban areas.

List of Key Companies covered in the in-wheel electric motor market report:

Protean Electric (US)

NTN (Japan)

NSK (Japan)

Printed Motor Works (UK)

Elaphe Ltd. (Slovenia)

Ziehl-Abegg (Germany)

e-Traction (Netherlands)

DANA TM4 (Canada)

Ecomove (Denmark)

TAJIMA EV (Japan)

Regional Analysis

The Asia-Pacific region will have the highest revenue for the In-wheel motor market throughout the forecast period. The demand for commercial electric vehicles in Asia-Pacific is expected to grow significantly due to the rising demand for electric buses and initiatives to promote the development of electric vehicles taken by governments in countries such as China, Japan, and India.

The United States in-wheel motor market is experiencing rapid growth, driven by advancements in electric vehicle technology and increasing demand for efficient powertrains. Key players are investing in R&D to enhance performance and reduce costs. Regulatory support for EV adoption further fuels market expansion and innovation in this sector.

 Furthermore, increasing demand for the development of charging infrastructure and collaborations between automotive OEMs in the region is resulting in market growth in this region.

Market Segmentation

The Global In-wheel motor market has been segmented into propulsion type, power output, and vehicle type.

Based on the propulsion type, the market has been segmented into BEV, PHEV, FCEV, Cooling Type, Air Cooling, and Liquid Cooling.

Based on the power output, the market has been segmented into Up to 60 kW, 60–90 kW, and Above 90 kW.

Based on the vehicle type, the market has been segmented into Passenger Cars, Commercial Vehicles.