インホイールモーター市場- 世界の産業規模、シェア、動向、機会、予測、車両タイプ別、推進タイプ別、モータータイプ別、地域別、競合、2019年～2029年

インホイールモーターの世界市場規模は2023年に31億1,000万米ドルで、予測期間中のCAGRは6.80%で2029年には46億米ドルに達すると予測されています。

世界のインホイールモーター市場は、電気自動車（EV）の普及の高まりとモーター技術の進歩によって大きな成長を遂げています。自動車の車輪に直接組み込まれるインホイールモーターは、従来の推進システムに比べて大きな利点を提供します。こうした利点には、効率の向上、ハンドリングの強化、自動車メーカーにとっての設計の柔軟性向上などがあります。環境問題や規制の圧力により、よりクリーンな輸送手段が求められる中、EVの需要が急増し、インホイールモーター市場を牽引しています。EVにインホイールモーターを統合することで、ドライブトレインのアーキテクチャが簡素化され、車両重量が軽減され、車両性能全体が向上するため、自動車メーカーにとって魅力的な選択肢となっています。この動向は、電動モビリティソリューションの採用を促進することを目的とした政府のインセンティブや補助金によってさらに後押しされています。

技術の進歩がインホイールモーター市場の成長促進要因です。熱管理の改善、軽量素材、高出力密度といったモーター効率の革新は、インホイールモーターの能力を大幅に向上させています。これらの進歩は、放熱や重量といったインホイールモーターの従来の限界のいくつかに対処する上で極めて重要です。高度な冷却システムの開発と複合材料の使用は、これらの問題を軽減し、より信頼性が高く効率的なモーターシステムを実現するのに役立っています。さらに、コネクティビティとスマートビークルシステムへの注目の高まりが、インホイールモーターの採用を後押ししています。これらのモーターは高度な車両制御システムと統合することができ、リアルタイムのデータを提供し、運転体験を向上させます。例えば、インホイールモーターはトルク配分の正確な制御が可能で、特に自律走行車や半自律走行車では、車両の安定性とハンドリングに有益です。

自律走行車の台頭は、インホイールモーター技術に大きなビジネスチャンスをもたらすと予想されます。自律走行車を安全かつ効率的に運転するには、高効率で精密な推進システムが必要です。車輪に直接組み込まれるインホイールモーターは、必要な精度と効率を提供し、自律走行アプリケーションに最適です。さらに、インホイールモーターのモジュール性により、自律走行車プラットフォームの設計柔軟性が向上し、より革新的な車両アーキテクチャが可能になります。また、各ホイールのトルクを個別に制御できるため、自律走行車の操縦性と安全性が向上し、インホイールモーターは次世代モビリティソリューションの開発に不可欠なコンポーネントとなっています。

有望な成長見通しとは裏腹に、インホイールモーター市場はいくつかの課題に直面しています。主なハードルの1つは、インホイールモーターの開発と生産に関連する高コストです。先端材料と技術の統合は製造コストを押し上げ、特にコストに敏感な市場での普及を難しくしています。さらに、さまざまな走行条件下でのインホイールモーターの耐久性と信頼性の確保に関する技術的課題もあります。例えば、インホイールモーターは、極端な温度、湿気、機械的衝撃など、モーターがさらされる過酷な環境に耐えるだけの堅牢性が求められます。性能を維持しながら長期的な信頼性を確保することは、メーカーにとって重要な課題です。

これらの課題はまた、技術革新と開発の機会でもあります。これらの障害を克服し、費用対効果が高く信頼性の高いインホイールモーターソリューションを提供できる企業は、大きな市場シェアを獲得できる可能性が高いです。さらに、自動車業界とテクノロジー業界における戦略的パートナーシップやコラボレーションは、インホイールモーターの開発と採用を加速させ、より持続可能で効率的な輸送の未来への道を開くことができます。材料科学、エレクトロニクス、製造プロセスの進歩を活用することで、業界はコストと耐久性の懸念に対処し、インホイールモーターをより広範な自動車にとって実行可能な選択肢とすることができます。市場が進化し続ける中、インホイールモーター技術の可能性を最大限に引き出し、よりクリーンで効率的な輸送システムへの移行を推進するには、継続的な研究開発が不可欠です。

市場促進要因

電気自動車の急速な普及

インホイールモーターテクノロジーの進歩

車両のダイナミクスとハンドリングの向上

都市化と小型電気自動車需要

主な市場課題

技術の複雑さと統合の課題

激しい競合に直面したコストへの配慮

重量とバネ下重量の課題

規制状況と標準化

主な市場動向

パワーエレクトロニクスの技術的進歩と統合

電気自動車とハイブリッド車の台頭

ビークルダイナミクスと自律型モビリティの進歩

目次

第1章 イントロダクション

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 COVID-19が世界のインホイールモーター市場に与える影響

第5章 世界のインホイールモーター市場展望

• 市場規模・予測
  • 金額別
• 市場シェア・予測
  • 車両タイプ別（乗用車、商用車）
  • 推進タイプ別（バッテリー電気自動車（BEV）、プラグインハイブリッド車（PHEV）、燃料電池電気自動車（FCEV））
  • モータータイプ別（ラジアル、アキシャル）
  • 地域別
  • 企業別（上位5社、その他- 価値別、2023年）
• 世界のインホイールモーター市場マッピング＆機会評価
  • 車両タイプ別
  • 推進タイプ別
  • モータータイプ別
  • 地域別

第6章 アジア太平洋地域のインホイールモーター市場展望

• 市場規模・予測
  • 金額別
• 市場シェア・予測
  • 車両タイプ別
  • 推進タイプ別
  • モータータイプ別
  • 国別
• アジア太平洋地域：国別分析
  • 中国
  • インド
  • 日本
  • インドネシア
  • タイ
  • 韓国
  • オーストラリア

第7章 欧州・CISのインホイールモーター市場展望

• 市場規模・予測
  • 金額別
• 市場シェア・予測
  • 車両タイプ別
  • 推進タイプ別
  • モータータイプ別
  • 国別
• 欧州・CIS：国別分析
  • ドイツ
  • スペイン
  • フランス
  • ロシア
  • イタリア
  • 英国
  • ベルギー

第8章 北米のインホイールモーター市場展望

• 市場規模・予測
  • 金額別
• 市場シェア・予測
  • 車両タイプ別
  • 推進タイプ別
  • モータータイプ別
  • 国別
• 北米：国別分析
  • 米国
  • メキシコ
  • カナダ

第9章 南米のインホイールモーター市場展望

• 市場規模・予測
  • 金額別
• 市場シェア・予測
  • 車両タイプ別
  • 推進タイプ別
  • モータータイプ別
  • 国別
• 南米：国別分析
  • ブラジル
  • コロンビア
  • アルゼンチン

第10章 中東・アフリカのインホイールモーター市場展望

• 市場規模・予測
  • 金額別
• 市場シェア・予測
  • 車両タイプ別
  • 推進タイプ別
  • モータータイプ別
  • 国別
• 中東・アフリカ：国別分析
  • 南アフリカ
  • トルコ
  • サウジアラビア
  • アラブ首長国連邦

第11章 SWOT分析

• 強み
• 弱み
• 機会
• 脅威

第12章 市場力学

• 市場促進要因
• 市場の課題

第13章 市場動向と発展

第14章 競合情勢

• 企業プロファイル（主要10社まで）
  • Protean Electric Limited
  • NSK Ltd
  • NTN Corporation
  • PMW Dynamics Limited
  • Elaphe Propulsion Technologies Ltd
  • ZIEHL-ABEGG SE
  • e-Traction B.V
  • DANA TM4 INC
  • Mercedes-Benz AG（YASA Limited）
  • Schaeffler AG

第15章 戦略的提言

• 主要な重点分野
  • 対象地域
  • ターゲット：車両タイプ別
  • ターゲット：推進タイプ別

第16章 調査会社について・免責事項

Global In-Wheel Motor Market was valued at USD 3.11 Billion in 2023 and is expected to reach USD 4.60 Billion by 2029 with a CAGR of 6.80% during the forecast period. The global in-wheel motor market is experiencing substantial growth driven by the rising adoption of electric vehicles (EVs) and advancements in motor technology. In-wheel motors, which integrate directly into the wheels of a vehicle, offer significant advantages over traditional propulsion systems. These advantages include improved efficiency, enhanced handling, and greater design flexibility for vehicle manufacturers. As environmental concerns and regulatory pressures push for cleaner transportation options, the demand for EVs is surging, thereby driving the in-wheel motor market. The integration of in-wheel motors into EVs simplifies drivetrain architecture, reduces vehicle weight, and enhances overall vehicle performance, making them an attractive option for automakers. This trend is further supported by government incentives and subsidies aimed at promoting the adoption of electric mobility solutions.

Technological advancements are a key driver of growth in the in-wheel motor market. Innovations in motor efficiency, such as improved thermal management, lightweight materials, and higher power density, are significantly enhancing the capabilities of in-wheel motors. These advancements are crucial in addressing some of the traditional limitations of in-wheel motors, such as heat dissipation and weight. The development of advanced cooling systems and the use of composite materials are helping to mitigate these issues, resulting in more reliable and efficient motor systems. Furthermore, the increasing focus on connectivity and smart vehicle systems is boosting the adoption of in-wheel motors. These motors can be integrated with advanced vehicle control systems, providing real-time data and enhancing the driving experience. For instance, in-wheel motors can offer precise control of torque distribution, which is beneficial for vehicle stability and handling, particularly in autonomous and semi-autonomous vehicles.

The rise of autonomous vehicles is expected to create significant opportunities for in-wheel motor technology. Autonomous vehicles require highly efficient and precise propulsion systems to operate safely and effectively. In-wheel motors, with their direct integration into the wheels, provide the necessary precision and efficiency, making them ideal for autonomous applications. Additionally, the modular nature of in-wheel motors allows for greater design flexibility in autonomous vehicle platforms, enabling more innovative vehicle architectures. The ability to individually control each wheel's torque also enhances the maneuverability and safety of autonomous vehicles, making in-wheel motors a critical component in the development of next-generation mobility solutions.

Despite the promising growth prospects, the in-wheel motor market faces several challenges. One of the main hurdles is the high cost associated with the development and production of in-wheel motors. The integration of advanced materials and technologies can drive up manufacturing costs, making it difficult for widespread adoption, especially in cost-sensitive markets. Additionally, there are technical challenges related to ensuring the durability and reliability of in-wheel motors under various driving conditions. For example, in-wheel motors must be robust enough to withstand the harsh environments they are exposed to, including extreme temperatures, moisture, and mechanical shocks. Ensuring long-term reliability while maintaining performance is a significant challenge for manufacturers.

These challenges also present opportunities for innovation and development. Companies that can overcome these obstacles and provide cost-effective, reliable in-wheel motor solutions are likely to capture significant market share. Furthermore, strategic partnerships and collaborations within the automotive and technology sectors can accelerate the development and adoption of in-wheel motors, paving the way for a more sustainable and efficient future in transportation. By leveraging advancements in materials science, electronics, and manufacturing processes, the industry can address cost and durability concerns, making in-wheel motors a viable option for a broader range of vehicles. As the market continues to evolve, ongoing research and development will be crucial in unlocking the full potential of in-wheel motor technology and driving the transition towards cleaner, more efficient transportation systems.

Market Drivers

Rapid Growth in Electric Vehicle Adoption

The foremost driver steering the Global In-Wheel Motor market is the rapid and widespread adoption of electric vehicles (EVs). As the automotive industry endeavors to reduce its carbon footprint and transition towards cleaner mobility solutions, electric vehicles have gained unprecedented popularity. Governments worldwide are implementing ambitious targets and incentives to accelerate the adoption of EVs, contributing to the surge in demand for in-wheel motor technology. In-wheel motors, also known as hub motors, are a pivotal component of electric propulsion systems. By integrating the motor directly into the wheel hub, in-wheel motors eliminate the need for a traditional centralized drivetrain, enhancing vehicle design flexibility and efficiency. The advantages of in-wheel motors, including simplified drivetrain architecture, improved handling, and increased space utilization, make them an attractive choice for electric vehicle manufacturers. The rise in electric vehicle adoption is not limited to passenger cars; it extends across various vehicle segments, including commercial vehicles, buses, and even two-wheelers. In-wheel motors offer a scalable solution applicable to different vehicle types, contributing to their increasing prominence in the electric mobility landscape. To capitalize on the rapid growth in electric vehicle adoption, manufacturers in the Global In-Wheel Motor market must align their strategies with the evolving needs of the electric vehicle ecosystem. This involves continual innovation to enhance the efficiency and performance of in-wheel motor systems, catering to the diverse requirements of different vehicle segments. Collaborations with electric vehicle manufacturers and an understanding of the unique challenges posed by various applications are key factors in harnessing the opportunities presented by the growing electric vehicle market. For instance, In December 2023, electric vehicle (EV) manufacturers flocked to Hong Kong, attracted by significant government support and a rapid adoption rate. Hong Kong approved 264 EV models from 16 different regions, including 202 car and motorcycle models. In the first nine months of 2023, over 60 percent of newly registered cars in Hong Kong were electric, with projections indicating this figure could reach 100 percent by 2030.

Advancements in In-Wheel Motor Technology

Advancements in in-wheel motor technology stand as a pivotal driver shaping the Global In-Wheel Motor market. As electric propulsion systems evolve, in-wheel motors are undergoing continuous improvements in terms of efficiency, power density, and overall performance. The quest for more compact and lightweight designs, coupled with advancements in materials and manufacturing processes, is driving innovation in in-wheel motor technology. One of the notable advancements is the integration of power electronics directly into the in-wheel motor unit. This integration enhances the overall efficiency of the electric drivetrain by reducing power losses associated with long cable runs between the centralized power electronics and individual wheel motors. The compact nature of in-wheel motors allows for more efficient thermal management, contributing to improved overall system performance. Moreover, the development of direct-drive in-wheel motors eliminates the need for complex gearing systems, reducing mechanical losses and enhancing efficiency. Direct-drive systems offer a more direct and responsive connection between the motor and the wheel, providing benefits in terms of energy conversion and vehicle dynamics.

To stay competitive in the rapidly advancing landscape of in-wheel motor technology, manufacturers must invest in research and development. This involves exploring innovative materials, refining motor designs, and optimizing power electronics integration. Collaboration with technology providers, academia, and research institutions is essential for staying at the forefront of in-wheel motor advancements. As electric vehicles continue to evolve, in-wheel motor technology will play a crucial role in shaping the efficiency and performance of future electric propulsion systems. For instance, in July 2024, Protean Electric launched its latest Gen 5 in-wheel motor technology, designed for passenger cars, light commercial vehicles, and future transport solutions. The ProteanDrive Generation 5 (Pd18) integrates a high-performance motor and inverter into an 18-inch wheel package, marking a significant advancement in automotive and mobility applications. Production began in Q3 2023 at Protean's facility in Tianjin, China, with shipments already underway to global OEMs and mobility leaders, reinforcing Protean's position at the forefront of in-wheel motor innovation and industrialization.

Enhanced Vehicle Dynamics and Handling

The pursuit of enhanced vehicle dynamics and handling represents a key driver in the Global In-Wheel Motor market. In-wheel motors offer a transformative solution by directly powering individual wheels, enabling precise control over each wheel's torque and speed. This level of control enhances vehicle stability, maneuverability, and overall handling performance.

Traditional vehicles with centralized drivetrains rely on complex mechanical systems such as differentials and driveshafts to distribute power to individual wheels. In contrast, in-wheel motors eliminate the need for these components, simplifying the drivetrain architecture and reducing mechanical complexity. This simplification not only contributes to efficiency gains but also allows for more precise control over the distribution of torque to each wheel. The independent control of each wheel provided by in-wheel motors is particularly advantageous in electric vehicles with electric torque vectoring capabilities. Torque vectoring adjusts the torque applied to each wheel in real-time, optimizing vehicle dynamics during acceleration, deceleration, and cornering. This results in improved traction, stability, and responsiveness, enhancing the overall driving experience. For manufacturers in the Global In-Wheel Motor market, the emphasis on enhanced vehicle dynamics and handling necessitates a focus on developing systems that seamlessly integrate with a variety of vehicle platforms. Collaborations with automakers, chassis engineers, and vehicle dynamics specialists are crucial for tailoring in-wheel motor solutions to meet the specific handling requirements of different vehicle types. As consumer expectations for electric vehicles include not only environmental sustainability but also superior driving dynamics, in-wheel motors become a key enabler for achieving these goals.

Urbanization and the Demand for Compact Electric Vehicles

The global trend towards urbanization and the increasing demand for compact electric vehicles are driving the adoption of in-wheel motors. As populations concentrate in urban areas, there is a growing need for vehicles that are agile, space-efficient, and well-suited for navigating congested city streets. In-wheel motors offer a solution to these challenges by enabling a more compact and versatile vehicle design. Compact electric vehicles, including electric city cars and micro-mobility solutions like electric scooters and bicycles, benefit from the space-saving attributes of in-wheel motors. By integrating the motor directly into the wheel hub, in-wheel motors eliminate the need for a bulky centralized drivetrain, allowing for more efficient use of interior space and a smaller vehicle footprint. In-wheel motors also contribute to the design flexibility of compact electric vehicles. Electric city cars, for example, can feature a more spacious and versatile interior layout, as there is no need for a traditional engine compartment. Additionally, the absence of a transmission tunnel allows for a flat floor, creating a more comfortable and accessible interior for occupants. To harness the opportunities presented by urbanization and the demand for compact electric vehicles, manufacturers in the Global In-Wheel Motor market must tailor their solutions to meet the specific requirements of these vehicle types. This involves designing in-wheel motors that align with the space constraints of compact vehicles, ensuring seamless integration with different vehicle architectures. Collaborations with urban mobility service providers and a keen understanding of the evolving needs of urban dwellers are essential for driving innovation in in-wheel motor technology for compact electric vehicles.

Key Market Challenges

Technological Complexities and Integration Challenges

One of the primary challenges facing the Global In-Wheel Motor market is the inherent technological complexities and integration challenges associated with this innovative propulsion technology. In-wheel motors, also known as hub motors, involve the integration of motor, power electronics, and control systems directly into the wheel hub. While this integration offers various advantages, it also introduces intricate engineering challenges. The technological complexities stem from the need to design compact and lightweight in-wheel motor units that can deliver sufficient power and torque while fitting within the limited space of a wheel hub. Balancing power density with thermal management is a critical consideration, as the proximity of components within the wheel hub can lead to increased temperatures, impacting performance and reliability. Moreover, in-wheel motors must seamlessly integrate with the overall vehicle architecture, including the braking system, suspension, and other critical components. Ensuring compatibility and optimal functionality under various driving conditions and vehicle platforms requires sophisticated control algorithms, precise sensors, and seamless communication with the vehicle's central control system. Integration challenges also extend to the diversity of vehicle types, from compact city cars to heavy-duty trucks. Each vehicle type has unique design specifications and performance requirements, demanding adaptable in-wheel motor solutions. Achieving compatibility with different vehicle architectures, suspension systems, and braking technologies adds another layer of complexity for manufacturers in the Global In-Wheel Motor market.

Cost Considerations in the Face of Intense Competition

Cost considerations pose a significant challenge for the Global In-Wheel Motor market, particularly as the industry experiences heightened competition and a drive towards cost-effective electric propulsion solutions. While in-wheel motors offer unique advantages, such as simplified drivetrain architecture and enhanced vehicle dynamics, the integration of these systems can contribute significantly to the overall cost of an electric or hybrid vehicle. The production of in-wheel motors involves intricate engineering and precision manufacturing, often requiring specialized materials and components. Additionally, the need for advanced control systems, sensors, and power electronics further adds to the cost of in-wheel motor units. As the automotive industry strives to make electric vehicles more affordable and accessible to a broader consumer base, the cost-effectiveness of in-wheel motor technology becomes a critical consideration. Intense competition within the electric propulsion sector places additional pressure on manufacturers to deliver cost-competitive in-wheel motor solutions without compromising quality or performance. Traditional drivetrain solutions, while less complex, may have a cost advantage over in-wheel motors, making it challenging for the latter to gain widespread adoption, especially in cost-sensitive market segments. To address cost considerations, manufacturers in the Global In-Wheel Motor market must focus on optimizing production processes, exploring innovative materials that offer cost-effective solutions, and leveraging economies of scale. Collaborations with suppliers and strategic partnerships can contribute to driving down costs and making in-wheel motor technology more economically viable for mass-market electric vehicles.

Weight and Unsprung Mass Challenges

In-wheel motors introduce challenges related to weight and unsprung mass, which can impact vehicle dynamics, ride comfort, and overall performance. Unsprung mass refers to the mass of components not supported by the suspension system, including the wheel, tire, and in-wheel motor assembly. The integration of heavy in-wheel motor units increases unsprung mass, potentially leading to challenges in terms of vehicle stability, handling, and ride quality. The increased unsprung mass can affect the responsiveness of the suspension system, making it more challenging to maintain optimal tire contact with the road surface. This, in turn, can impact the vehicle's ability to absorb shocks and vibrations, leading to a compromise in ride comfort. Additionally, the higher unsprung mass can contribute to increased tire wear and reduced overall efficiency. Furthermore, the additional weight introduced by in-wheel motors poses challenges for electric vehicles striving for energy efficiency and extended range. The increased mass requires more energy to accelerate and decelerate, potentially offsetting the benefits of the in-wheel motor's design simplicity and efficiency gains. Addressing weight and unsprung mass challenges requires a holistic approach to design and engineering. Manufacturers in the Global In-Wheel Motor market must prioritize lightweight materials without compromising structural integrity. Advanced materials, such as carbon fiber composites, can be explored to reduce the weight of in-wheel motor units. Additionally, optimizing suspension systems to compensate for increased unsprung mass and collaborating with chassis engineers are essential steps in overcoming these challenges.

Regulatory Landscape and Standardization

The Global In-Wheel Motor market operates in a dynamic regulatory landscape, with varying standards and requirements across different regions. Ensuring compliance with safety and environmental regulations is crucial for market acceptance and widespread adoption of in-wheel motor technology. However, the evolving nature of regulations, along with the absence of standardized norms specific to in-wheel motors, poses a challenge for manufacturers in this sector.

Safety standards for electric vehicles, including those equipped with in-wheel motors, are stringent and require thorough testing and certification processes. As in-wheel motors directly influence vehicle dynamics and handling, ensuring compliance with safety standards becomes a complex task. Additionally, the absence of standardized testing methods for in-wheel motors can lead to variations in testing procedures across different regulatory bodies. Environmental regulations, including those related to materials used in in-wheel motor manufacturing and end-of-life considerations, add another layer of complexity. The push towards sustainability and recyclability necessitates manufacturers to adhere to evolving environmental standards, which can impact the design, production, and disposal of in-wheel motor units. To navigate the regulatory challenges, manufacturers in the Global In-Wheel Motor market must stay abreast of evolving standards and actively participate in standardization initiatives. Collaborating with regulatory bodies, industry associations, and other stakeholders can contribute to the development of standardized testing methods and compliance guidelines for in-wheel motors. Proactive engagement in shaping the regulatory landscape ensures that in-wheel motor technology aligns with global safety and environmental standards, facilitating market acceptance and fostering industry growth.

Key Market Trends

Technological Advancements and Integration of Power Electronics

A central trend propelling the Global In-Wheel Motor market forward is the relentless pursuit of technological advancements and the seamless integration of power electronics within in-wheel motor systems. As the automotive industry undergoes a profound electrification shift, in-wheel motors are at the forefront of innovation, continuously pushing the boundaries of efficiency, power density, and overall performance. The integration of power electronics directly into the in-wheel motor unit represents a significant leap in technological evolution. This integration streamlines the electric drivetrain by reducing power losses associated with long cable runs between centralized power electronics and individual wheel motors. This approach enhances the overall efficiency of the electric propulsion system and contributes to the optimization of the in-wheel motor's thermal management. Moreover, advancements in materials and manufacturing processes are playing a pivotal role in the continuous improvement of in-wheel motor technology. The use of lightweight materials, such as high-strength alloys and advanced composites, contributes to reducing the overall weight of the in-wheel motor assembly. This not only enhances the efficiency of the electric vehicle but also positively impacts the vehicle's handling and energy consumption. To stay at the forefront of technological advancements, manufacturers in the Global In-Wheel Motor market must invest in research and development activities. Collaboration with material scientists, power electronics experts, and academic institutions becomes essential for pushing the technological boundaries. Additionally, staying abreast of emerging technologies like silicon carbide (SiC) and gallium nitride (GaN) power semiconductors can further contribute to the continuous enhancement of in-wheel motor efficiency and performance. The integration of power electronics within the in-wheel motor unit is poised to be a defining trend, shaping the technological landscape of the Global In-Wheel Motor market. As the demand for electric vehicles continues to surge, manufacturers focusing on technological advancements and seamless integration will be better positioned to meet the evolving needs of the automotive industry.

Rise of Electric and Hybrid Vehicles

A fundamental trend driving the Global In-Wheel Motor market is the increasing adoption of electric and hybrid vehicles. As the automotive industry witnesses a paradigm shift from traditional internal combustion engines to electric propulsion systems, in-wheel motors have gained prominence for their contribution to the efficiency and design flexibility of electric and hybrid vehicles. Electric vehicles (EVs) and hybrid electric vehicles (HEVs) leverage in-wheel motors to eliminate the need for a centralized drivetrain. Traditional vehicles with a centralized drivetrain require complex mechanical systems like differentials and driveshafts to distribute power to individual wheels. In contrast, in-wheel motors, by being directly integrated into the wheel hub, simplify the drivetrain architecture, reducing mechanical complexity and enhancing overall efficiency. The advantages of in-wheel motors extend beyond simplifying drivetrain architecture. In-wheel motors contribute to improved vehicle dynamics, handling, and energy regeneration. The ability to control each wheel independently enables electric torque vectoring, enhancing traction, stability, and responsiveness during acceleration, deceleration, and cornering. The rise of electric and hybrid vehicles is a critical driver for the Global In-Wheel Motor market, as automakers seek innovative solutions to meet consumer demands for cleaner, more sustainable mobility. To capitalize on this trend, in-wheel motor manufacturers must tailor their solutions to the specific requirements of electric and hybrid vehicle platforms. Collaborations with automakers and a keen understanding of the evolving needs of the electric and hybrid vehicle market are essential for success in this dynamic and rapidly growing segment.

Advancements in Vehicle Dynamics and Autonomous Mobility

Advancements in vehicle dynamics, coupled with the emergence of autonomous mobility, are significant trends influencing the Global In-Wheel Motor market. In-wheel motors play a crucial role in enhancing vehicle dynamics by providing precise control over each wheel's torque and speed. This level of control contributes to superior handling, stability, and maneuverability, making in-wheel motors an attractive choice for electric vehicles designed to deliver an exceptional driving experience. Electric torque vectoring, made possible by the independent control of each wheel, is a key advancement in vehicle dynamics facilitated by in-wheel motors. Torque vectoring optimizes vehicle performance by adjusting the torque applied to each wheel in real-time, responding to driving conditions and improving traction during acceleration, deceleration, and cornering. This capability is particularly valuable in electric sports cars and high-performance electric vehicles, where precise control over vehicle dynamics is a priority.

Segmental Insights

Vehicle Type Insights

The commercial vehicles segment is rapidly emerging as the fastest-growing market within the in-wheel motor industry, driven by several key factors that are reshaping the transportation landscape globally. In-wheel motors, which integrate electric motors directly into the wheels of vehicles, offer unique advantages that are particularly beneficial for commercial applications.

One of the primary reasons for the growth of in-wheel motors in commercial vehicles is the increasing demand for efficiency and sustainability in logistics and transportation. With stricter emissions regulations and rising fuel costs, fleet operators are under pressure to adopt cleaner and more cost-effective technologies. In-wheel motors help achieve these goals by improving energy efficiency through direct power delivery and regenerative braking, which can significantly reduce fuel consumption and operating costs over the vehicle's lifespan.

In-wheel motors enhance the design flexibility of commercial vehicles. By eliminating the need for traditional drivetrain components like axles and differentials, in-wheel motors free up space within the vehicle chassis. This space can be utilized for additional cargo capacity or for integrating advanced vehicle control systems, enhancing overall operational efficiency and payload capacity.

The durability and reliability of in-wheel motors also make them well-suited for commercial applications. They are less susceptible to wear and tear compared to traditional drivetrains, resulting in reduced maintenance requirements and downtime for fleet operators. This reliability translates into higher vehicle uptime and improved operational efficiency, which are critical factors in the logistics and transportation sectors where reliability and timely delivery are paramount.

Advancements in in-wheel motor technology, such as improved power density, thermal management, and integration with advanced vehicle systems, have expanded their applicability across a wide range of commercial vehicles. From delivery vans and trucks to buses and specialty vehicles, in-wheel motors offer scalable solutions that can meet the diverse needs of fleet operators across different segments of the commercial vehicle market.

The commercial vehicles segment is witnessing rapid growth in the adoption of in-wheel motors due to their ability to enhance efficiency, reduce operating costs, improve vehicle design flexibility, and ensure reliable performance. As technology continues to evolve and regulatory pressures increase, in-wheel motors are poised to play a pivotal role in shaping the future of sustainable and efficient transportation solutions for commercial fleets worldwide.

Regional Insights

Asia-Pacific has emerged as the dominant market for in-wheel motors, driven by several key factors that underscore the region's leadership in the adoption and development of electric vehicles (EVs) and advanced automotive technologies. One of the primary drivers of Asia-Pacific's dominance in the in-wheel motor market is the region's position as a global manufacturing hub for automotive production. Countries like China, Japan, South Korea, and India are not only major producers of vehicles but also leading innovators in electric and hybrid vehicle technologies. As these countries push towards reducing emissions and enhancing energy efficiency, the demand for in-wheel motors as a key component of EV propulsion systems has surged.

Government policies and incentives also play a crucial role in the growth of in-wheel motors in Asia-Pacific. Many countries in the region have implemented stringent emission standards and subsidies to promote the adoption of electric vehicles. Countries like Japan and South Korea have ambitious targets for electric vehicle adoption, further boosting the demand for innovative propulsion solutions like in-wheel motors. The dense urbanization and increasing congestion in many Asian cities have accelerated the shift towards electric mobility solutions. In-wheel motors offer advantages such as compact design, improved maneuverability, and reduced noise pollution, making them ideal for urban transport applications. As cities across Asia-Pacific strive to improve air quality and reduce traffic congestion, in-wheel motors present a viable solution to meet these challenges effectively.

Technological advancements and investments in research and development also contribute to Asia-Pacific's dominance in the in-wheel motor market. Companies in countries like Japan and South Korea are at the forefront of developing advanced motor technologies, including high-efficiency in-wheel motors that enhance vehicle performance and range. Asia-Pacific's leading position in the in-wheel motor market is driven by a combination of manufacturing prowess, supportive government policies, urban mobility challenges, and technological innovation. As the region continues to invest in sustainable transportation solutions and EV adoption accelerates, the demand for in-wheel motors is expected to further expand, solidifying Asia-Pacific's role as a pivotal market for the future of automotive propulsion technologies.

Key Market Players

• Protean Electric Limited
• NTN Corporation
• NSK Ltd
• PMW Dynamics Limited
• Elaphe Propulsion Technologies Ltd
• ZIEHL-ABEGG SE
• e-Traction B.V
• DANA TM4 INC
• Mercedes-Benz AG (YASA Limited)
• Schaeffler AG

Report Scope:

In this report, the Global In-Wheel Motor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

In-Wheel Motor Market, By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

In-Wheel Motor Market, By Propulsion Type:

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)

In-Wheel Motor Market, By Motor Type:

• Radial
• Axial

In-Wheel Motor Market, By Region:

• Asia-Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Thailand
  • South Korea
  • Australia
• Europe & CIS
  • Germany
  • Spain
  • France
  • Russia
  • Italy
  • United Kingdom
  • Belgium
• North America
  • United States
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Turkey
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global In-Wheel Motor Market.

Available Customizations:

Global In-Wheel Motor market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Introduction

• 1.1. Product Overview
• 1.2. Key Highlights of the Report
• 1.3. Market Coverage
• 1.4. Market Segments Covered
• 1.5. Research Tenure Considered

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Market Overview
• 3.2. Market Forecast
• 3.3. Key Regions
• 3.4. Key Segments

4. Impact of COVID-19 on Global In-Wheel Motor Market

5. Global In-Wheel Motor Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Vehicle Type Market Share Analysis ((Passenger Cars, Commercial Vehicles)
  • 5.2.2. By Propulsion Type Market Share Analysis (Battery Electric Vehicle (BEV), Plug-in Hybrid Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV))
  • 5.2.3. By Motor Type Market Share Analysis (Radial, Axial)
  • 5.2.4. By Regional Market Share Analysis
    • 5.2.4.1. Asia-Pacific Market Share Analysis
    • 5.2.4.2. Europe & CIS Market Share Analysis
    • 5.2.4.3. North America Market Share Analysis
    • 5.2.4.4. South America Market Share Analysis
    • 5.2.4.5. Middle East & Africa Market Share Analysis
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)
• 5.3. Global In-Wheel Motor Market Mapping & Opportunity Assessment
  • 5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
  • 5.3.2. By Propulsion Type Market Mapping & Opportunity Assessment
  • 5.3.3. By Motor Type Market Mapping & Opportunity Assessment
  • 5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific In-Wheel Motor Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Vehicle Type Market Share Analysis
  • 6.2.2. By Propulsion Type Market Share Analysis
  • 6.2.3. By Motor Type Market Share Analysis
  • 6.2.4. By Country Market Share Analysis
    • 6.2.4.1. China Market Share Analysis
    • 6.2.4.2. India Market Share Analysis
    • 6.2.4.3. Japan Market Share Analysis
    • 6.2.4.4. Indonesia Market Share Analysis
    • 6.2.4.5. Thailand Market Share Analysis
    • 6.2.4.6. South Korea Market Share Analysis
    • 6.2.4.7. Australia Market Share Analysis
    • 6.2.4.8. Rest of Asia-Pacific Market Share Analysis
• 6.3. Asia-Pacific: Country Analysis
  • 6.3.1. China In-Wheel Motor Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Vehicle Type Market Share Analysis
      • 6.3.1.2.2. By Propulsion Type Market Share Analysis
      • 6.3.1.2.3. By Motor Type Market Share Analysis
  • 6.3.2. India In-Wheel Motor Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Vehicle Type Market Share Analysis
      • 6.3.2.2.2. By Propulsion Type Market Share Analysis
      • 6.3.2.2.3. By Motor Type Market Share Analysis
  • 6.3.3. Japan In-Wheel Motor Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Vehicle Type Market Share Analysis
      • 6.3.3.2.2. By Propulsion Type Market Share Analysis
      • 6.3.3.2.3. By Motor Type Market Share Analysis
  • 6.3.4. Indonesia In-Wheel Motor Market Outlook
    • 6.3.4.1. Market Size & Forecast
      • 6.3.4.1.1. By Value
    • 6.3.4.2. Market Share & Forecast
      • 6.3.4.2.1. By Vehicle Type Market Share Analysis
      • 6.3.4.2.2. By Propulsion Type Market Share Analysis
      • 6.3.4.2.3. By Motor Type Market Share Analysis
  • 6.3.5. Thailand In-Wheel Motor Market Outlook
    • 6.3.5.1. Market Size & Forecast
      • 6.3.5.1.1. By Value
    • 6.3.5.2. Market Share & Forecast
      • 6.3.5.2.1. By Vehicle Type Market Share Analysis
      • 6.3.5.2.2. By Propulsion Type Market Share Analysis
      • 6.3.5.2.3. By Motor Type Market Share Analysis
  • 6.3.6. South Korea In-Wheel Motor Market Outlook
    • 6.3.6.1. Market Size & Forecast
      • 6.3.6.1.1. By Value
    • 6.3.6.2. Market Share & Forecast
      • 6.3.6.2.1. By Vehicle Type Market Share Analysis
      • 6.3.6.2.2. By Propulsion Type Market Share Analysis
      • 6.3.6.2.3. By Motor Type Market Share Analysis
  • 6.3.7. Australia In-Wheel Motor Market Outlook
    • 6.3.7.1. Market Size & Forecast
      • 6.3.7.1.1. By Value
    • 6.3.7.2. Market Share & Forecast
      • 6.3.7.2.1. By Vehicle Type Market Share Analysis
      • 6.3.7.2.2. By Propulsion Type Market Share Analysis
      • 6.3.7.2.3. By Motor Type Market Share Analysis

7. Europe & CIS In-Wheel Motor Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Vehicle Type Market Share Analysis
  • 7.2.2. By Propulsion Type Market Share Analysis
  • 7.2.3. By Motor Type Market Share Analysis
  • 7.2.4. By Country Market Share Analysis
    • 7.2.4.1. Germany Market Share Analysis
    • 7.2.4.2. Spain Market Share Analysis
    • 7.2.4.3. France Market Share Analysis
    • 7.2.4.4. Russia Market Share Analysis
    • 7.2.4.5. Italy Market Share Analysis
    • 7.2.4.6. United Kingdom Market Share Analysis
    • 7.2.4.7. Belgium Market Share Analysis
    • 7.2.4.8. Rest of Europe & CIS Market Share Analysis
• 7.3. Europe & CIS: Country Analysis
  • 7.3.1. Germany In-Wheel Motor Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Vehicle Type Market Share Analysis
      • 7.3.1.2.2. By Propulsion Type Market Share Analysis
      • 7.3.1.2.3. By Motor Type Market Share Analysis
  • 7.3.2. Spain In-Wheel Motor Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Vehicle Type Market Share Analysis
      • 7.3.2.2.2. By Propulsion Type Market Share Analysis
      • 7.3.2.2.3. By Motor Type Market Share Analysis
  • 7.3.3. France In-Wheel Motor Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Vehicle Type Market Share Analysis
      • 7.3.3.2.2. By Propulsion Type Market Share Analysis
      • 7.3.3.2.3. By Motor Type Market Share Analysis
  • 7.3.4. Russia In-Wheel Motor Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Vehicle Type Market Share Analysis
      • 7.3.4.2.2. By Propulsion Type Market Share Analysis
      • 7.3.4.2.3. By Motor Type Market Share Analysis
  • 7.3.5. Italy In-Wheel Motor Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Vehicle Type Market Share Analysis
      • 7.3.5.2.2. By Propulsion Type Market Share Analysis
      • 7.3.5.2.3. By Motor Type Market Share Analysis
  • 7.3.6. United Kingdom In-Wheel Motor Market Outlook
    • 7.3.6.1. Market Size & Forecast
      • 7.3.6.1.1. By Value
    • 7.3.6.2. Market Share & Forecast
      • 7.3.6.2.1. By Vehicle Type Market Share Analysis
      • 7.3.6.2.2. By Propulsion Type Market Share Analysis
      • 7.3.6.2.3. By Motor Type Market Share Analysis
  • 7.3.7. Belgium In-Wheel Motor Market Outlook
    • 7.3.7.1. Market Size & Forecast
      • 7.3.7.1.1. By Value
    • 7.3.7.2. Market Share & Forecast
      • 7.3.7.2.1. By Vehicle Type Market Share Analysis
      • 7.3.7.2.2. By Propulsion Type Market Share Analysis
      • 7.3.7.2.3. By Motor Type Market Share Analysis

8. North America In-Wheel Motor Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Vehicle Type Market Share Analysis
  • 8.2.2. By Propulsion Type Market Share Analysis
  • 8.2.3. By Motor Type Market Share Analysis
  • 8.2.4. By Country Market Share Analysis
    • 8.2.4.1. United States Market Share Analysis
    • 8.2.4.2. Mexico Market Share Analysis
    • 8.2.4.3. Canada Market Share Analysis
• 8.3. North America: Country Analysis
  • 8.3.1. United States In-Wheel Motor Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Vehicle Type Market Share Analysis
      • 8.3.1.2.2. By Propulsion Type Market Share Analysis
      • 8.3.1.2.3. By Motor Type Market Share Analysis
  • 8.3.2. Mexico In-Wheel Motor Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Vehicle Type Market Share Analysis
      • 8.3.2.2.2. By Propulsion Type Market Share Analysis
      • 8.3.2.2.3. By Motor Type Market Share Analysis
  • 8.3.3. Canada In-Wheel Motor Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Vehicle Type Market Share Analysis
      • 8.3.3.2.2. By Propulsion Type Market Share Analysis
      • 8.3.3.2.3. By Motor Type Market Share Analysis

9. South America In-Wheel Motor Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Vehicle Type Market Share Analysis
  • 9.2.2. By Propulsion Type Market Share Analysis
  • 9.2.3. By Motor Type Market Share Analysis
  • 9.2.4. By Country Market Share Analysis
    • 9.2.4.1. Brazil Market Share Analysis
    • 9.2.4.2. Argentina Market Share Analysis
    • 9.2.4.3. Colombia Market Share Analysis
    • 9.2.4.4. Rest of South America Market Share Analysis
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil In-Wheel Motor Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Vehicle Type Market Share Analysis
      • 9.3.1.2.2. By Propulsion Type Market Share Analysis
      • 9.3.1.2.3. By Motor Type Market Share Analysis
  • 9.3.2. Colombia In-Wheel Motor Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Vehicle Type Market Share Analysis
      • 9.3.2.2.2. By Propulsion Type Market Share Analysis
      • 9.3.2.2.3. By Motor Type Market Share Analysis
  • 9.3.3. Argentina In-Wheel Motor Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Vehicle Type Market Share Analysis
      • 9.3.3.2.2. By Propulsion Type Market Share Analysis
      • 9.3.3.2.3. By Motor Type Market Share Analysis

10. Middle East & Africa In-Wheel Motor Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Vehicle Type Market Share Analysis
  • 10.2.2. By Propulsion Type Market Share Analysis
  • 10.2.3. By Motor Type Market Share Analysis
  • 10.2.4. By Country Market Share Analysis
    • 10.2.4.1. South Africa Market Share Analysis
    • 10.2.4.2. Turkey Market Share Analysis
    • 10.2.4.3. Saudi Arabia Market Share Analysis
    • 10.2.4.4. UAE Market Share Analysis
    • 10.2.4.5. Rest of Middle East & Africa Market Share Analysis
• 10.3. Middle East & Africa: Country Analysis
  • 10.3.1. South Africa In-Wheel Motor Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Vehicle Type Market Share Analysis
      • 10.3.1.2.2. By Propulsion Type Market Share Analysis
      • 10.3.1.2.3. By Motor Type Market Share Analysis
  • 10.3.2. Turkey In-Wheel Motor Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Vehicle Type Market Share Analysis
      • 10.3.2.2.2. By Propulsion Type Market Share Analysis
      • 10.3.2.2.3. By Motor Type Market Share Analysis
  • 10.3.3. Saudi Arabia In-Wheel Motor Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Vehicle Type Market Share Analysis
      • 10.3.3.2.2. By Propulsion Type Market Share Analysis
      • 10.3.3.2.3. By Motor Type Market Share Analysis
  • 10.3.4. UAE In-Wheel Motor Market Outlook
    • 10.3.4.1. Market Size & Forecast
      • 10.3.4.1.1. By Value
    • 10.3.4.2. Market Share & Forecast
      • 10.3.4.2.1. By Vehicle Type Market Share Analysis
      • 10.3.4.2.2. By Propulsion Type Market Share Analysis
      • 10.3.4.2.3. By Motor Type Market Share Analysis

11. SWOT Analysis

• 11.1. Strength
• 11.2. Weakness
• 11.3. Opportunities
• 11.4. Threats

12. Market Dynamics

• 12.1. Market Drivers
• 12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

• 14.1. Company Profiles (Up to 10 Major Companies)
  • 14.1.1. Protean Electric Limited
    • 14.1.1.1. Company Details
    • 14.1.1.2. Key Product Offered
    • 14.1.1.3. Financials (As Per Availability)
    • 14.1.1.4. Recent Developments
    • 14.1.1.5. Key Management Personnel
  • 14.1.2. NSK Ltd
    • 14.1.2.1. Company Details
    • 14.1.2.2. Key Product Offered
    • 14.1.2.3. Financials (As Per Availability)
    • 14.1.2.4. Recent Developments
    • 14.1.2.5. Key Management Personnel
  • 14.1.3. NTN Corporation
    • 14.1.3.1. Company Details
    • 14.1.3.2. Key Product Offered
    • 14.1.3.3. Financials (As Per Availability)
    • 14.1.3.4. Recent Developments
    • 14.1.3.5. Key Management Personnel
  • 14.1.4. PMW Dynamics Limited
    • 14.1.4.1. Company Details
    • 14.1.4.2. Key Product Offered
    • 14.1.4.3. Financials (As Per Availability)
    • 14.1.4.4. Recent Developments
    • 14.1.4.5. Key Management Personnel
  • 14.1.5. Elaphe Propulsion Technologies Ltd
    • 14.1.5.1. Company Details
    • 14.1.5.2. Key Product Offered
    • 14.1.5.3. Financials (As Per Availability)
    • 14.1.5.4. Recent Developments
    • 14.1.5.5. Key Management Personnel
  • 14.1.6. ZIEHL-ABEGG SE
    • 14.1.6.1. Company Details
    • 14.1.6.2. Key Product Offered
    • 14.1.6.3. Financials (As Per Availability)
    • 14.1.6.4. Recent Developments
    • 14.1.6.5. Key Management Personnel
  • 14.1.7. e-Traction B.V
    • 14.1.7.1. Company Details
    • 14.1.7.2. Key Product Offered
    • 14.1.7.3. Financials (As Per Availability)
    • 14.1.7.4. Recent Developments
    • 14.1.7.5. Key Management Personnel
  • 14.1.8. DANA TM4 INC
    • 14.1.8.1. Company Details
    • 14.1.8.2. Key Product Offered
    • 14.1.8.3. Financials (As Per Availability)
    • 14.1.8.4. Recent Developments
    • 14.1.8.5. Key Management Personnel
  • 14.1.9. Mercedes-Benz AG (YASA Limited)
    • 14.1.9.1. Company Details
    • 14.1.9.2. Key Product Offered
    • 14.1.9.3. Financials (As Per Availability)
    • 14.1.9.4. Recent Developments
    • 14.1.9.5. Key Management Personnel
  • 14.1.10. Schaeffler AG
    • 14.1.10.1. Company Details
    • 14.1.10.2. Key Product Offered
    • 14.1.10.3. Financials (As Per Availability)
    • 14.1.10.4. Recent Developments
    • 14.1.10.5. Key Management Personnel

15. Strategic Recommendations

• 15.1. Key Focus Areas
  • 15.1.1. Target Regions
  • 15.1.2. Target By Vehicle Type
  • 15.1.3. Target By Propulsion Type

16. About Us & Disclaimer