In-wheel Motors Market Overview
In-wheel motor Market (IWM EVs) are a type of electric
vehicle that uses electric motors mounted inside the wheels to propel the
vehicle. This is in contrast to traditional EVs, which use a single electric motor
mounted under the hood or in the trunk to drive the wheels through a
transmission.
The
In-Wheel Motor Market is at the forefront of automotive electrification,
presenting a disruptive shift in traditional vehicle propulsion systems.
In-wheel motors are integrated directly into the wheels of a vehicle,
eliminating the need for a centralized drivetrain and transmission components.
This innovative design offers several advantages, including improved
efficiency, reduced energy losses, and enhanced flexibility in vehicle design.
As electric vehicles (EVs) gain momentum, in-wheel motors are becoming a focal
point for automakers and technology developers aiming to optimize performance
and simplify electric drivetrains.
The
market's growth is driven by the increasing demand for electric mobility
solutions and the pursuit of more compact and lightweight electric vehicles.
In-wheel motors contribute to better handling, increased interior space, and
potentially enhanced safety through improved weight distribution. Additionally,
as advancements in motor technology continue, addressing challenges such as
heat dissipation and cost-effectiveness, the In-Wheel Motor Market is poised
for significant expansion, offering a key solution to the evolving landscape of
electric and autonomous vehicles.
However,
IWM EVs also have some disadvantages. First, they are more expensive to
manufacture than traditional EVs. Second, they are more difficult to repair and
maintain. Third, they have a shorter range than traditional EVs. This is
because the in-wheel motors take up space that could otherwise be used for
batteries.
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In-wheel
Motor Market: News and Trends
- Electric Vehicle Boom Drives
In-Wheel Motor Market: The surging popularity of electric vehicles
(EVs) is fueling significant growth in the in-wheel motor market. These
motors offer several advantages over traditional electric vehicle
drivetrains, including increased efficiency, improved handling, and
packaging flexibility.
- Tech Advancements Push
Performance Limits: Manufacturers are constantly innovating
in-wheel motor technology. New designs with higher power density and
improved cooling systems are enabling automakers to develop EVs with
longer range and faster acceleration.
- Focus on Autonomous
Vehicles:
In-wheel motors are seen as a key technology for autonomous vehicles.
Their precise control capabilities can enhance maneuverability and improve
safety in self-driving cars.
In-wheel
Motors Market Regional Analysis
By
region, the in-wheel electric motors market covers the growth opportunity and
recent trends across Europe, North America, the Asia Pacific (APAC), & the
Middle East and Africa (MEA). Of these, Europe will have the lion's share in
the market over the forecast period. Investments by top vehicle OEMs, and
stringent emission norms and regulations are adding to the global in-wheel
electric motors market growth in the region.
In the
APAC region, the in-wheel electric motors market is predicted to have healthy
growth over the forecast period. Favorable government incentives and schemes,
rising sales of electric cars, significant production of electric cars in
Japan, China, and India, and the growing need for cost-effective and efficient
alternatives for conventional cars are adding to the global in-wheel electric
motors market growth in the region.
In North
America, the in-wheel electric motors market is predicted to have sound growth
over the forecast period. Adoption of advanced technologies to make efficient
and lightweight cars, rising investments by OEMs in the research and
development department to make in-wheel motors free from dirt and shocks, and
capability to improve car efficiency to eliminate mechanical components and
reduce wear and tear are adding to the global in-wheel electric motors market
growth in the region.
In-wheel
Motors Market Key Players
- Schaeffler AG (Germany)
- Nissan Motors Corporation
(Japan)
- Tesla (US)
- e-Traction B.V.
(Netherlands)
- Printed Motors Works (UK)
- ZIEHL-ABEGG (Germany)
- Elaphe Ltd (Slovenia)
- NTN Corporation (Japan)
Here are
some of the potential benefits of IWM EVs:
- Improved
efficiency: IWM EVs can directly drive the wheels without the need
for a transmission, which reduces energy losses.
- Better traction and
handling: The motors are located directly at the wheels, which
provides better power distribution and control.
- More interior
space: Because there is no need for a transmission or engine under
the hood, IWM EVs have more space for passengers and cargo.
- Reduced noise and
vibration: In-wheel motors are quieter and less vibration-prone than
traditional engines.
- Improved
safety: In-wheel motors can help to improve safety by providing
better traction and handling, as well as by reducing the risk of rollover
accidents.
Here are
some of the challenges that need to be addressed before IWM EVs can become
mainstream:
- Cost: IWM EVs are more
expensive to manufacture than traditional EVs.
- Maintenance: IWM EVs
are more difficult to repair and maintain than traditional EVs.
- Range: IWM EVs have a
shorter range than traditional EVs.
- Weight: In-wheel motors
are heavier than traditional engines, which can reduce the overall range
and performance of the vehicle.
The
global in-wheel motors market size will develop at a 32.31% CAGR between the
forecast period 2022- 2030, according to the new Market Research Future (MRFR)
analysis. In-wheel motors are a form of electric vehicle driven system. The
motors are mounted on the wheel directly to energize the wheel directly via
supplying the torque to the associated tires.
On the
contrary, an increase in unsprung weight in wheel, high price, complex speed
wheel, and the on-going COVID-19 pandemic are factors that may deter the global
in-wheel motors market growth in the region.
Various
factors are propelling the global in-wheel motors market share. According to
the recent MRFR market estimates, such factors include innovations in vehicle
development, latest vehicle dynamics, autonomous driving, advances in-wheel
motor technology, rising production of electric cars, increasing penetration in
EVs, increasing environmental awareness such as noise and air pollution,
degradation of naturally occurring resources, and global warming, stringent
emission regulations, the growing popularity of energy-efficient products, and
implementation to reduce vehicle weight by deducting the space that the
machines occupy.
In-wheel
Motors Market Segmentation
The MRFR
report highlights an inclusive segmental analysis of the global in-wheel motors
market based on cooling type, vehicle type, power output, and motor type.
·
By motor
type, the global in-wheel motors market is segmented into outer rotor type and
inner rotor type.
·
By power
output, the global in-wheel motors market is segmented into above 90 KW, 50-90
KW, and up to 50 KW.
·
By
vehicle type, the global in-wheel motors market is segmented into heavy
commercial vehicles, light commercial vehicles, and passenger cars. Of these,
the passenger cars segment will lead the market over the forecast period.
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