Global In-wheel Motors Market Forecast to 2023: 32.8% CAGR in Anticipation

The worldwide market for In-wheel Motors is expected to grow at a CAGR of roughly 32.8% over the next five years, will reach 67 million US$ in 2023, from 12 million US$ in 2017.

Pune, India - December 12, 2018 /MarketersMedia/ —

In-wheel motors allow torque to be applied at the wheel; the point where the torque is required. In-wheel motors occupy the most unobtrusive space inside the vehicle, leaving more volume inside the vehicle body for batteries and luggage.

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The classification of In-wheel Motors includes Outer Rotor Type and Inner Rotor Type. The proportion of Outer Rotor Type in 2016 is about 96.94%, and the proportion is in increasing trend from 2012 to 2016 as the outer rotor is generally applied in the electric vehicles.

With more and more companies built plants here, China is the largest supplier of In-wheel Motors, with a production market share nearly 59.61% in 2016. With mature technology, Europe is the second largest supplier of In-wheel Motors, enjoying production market share nearly 33.80% in 2016.

With rapid growing electric vehicle industry, China is also the fast growing consumption place, with a consumption market share nearly 33.27% in 2016. With a lot of automotive and parts manufacturers, Europe is the largest consumption place with the consumption market share of 44.28%.

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There are 15 Chapters to deeply display the global In-wheel Motors market.
Chapter 1, to describe In-wheel Motors Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of In-wheel Motors, with sales, revenue, and price of In-wheel Motors, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of In-wheel Motors, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, In-wheel Motors market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe In-wheel Motors sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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Source: MarketersMedia

Release ID: 458192