Automotive In-Wheel Motor Market to Accelerate at a CAGR of About 89% During 2020-2024 | Technavio

Technavio has been monitoring the automotive in-wheel motor market and it is poised to grow by 400.99 thousand units during 2020-2024, progressing at a CAGR of about 89% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive In-wheel Motor Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive in-wheel motor market. The market growth in 2020 is likely to increase compared to market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by Technology, which is the leading segment in the market?
  The direct-drive segment led the market in 2019.
• What are the major trends in the market?
  The handling efficiency in vehicles is the major trend in the market.
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of about 89% during 2020-2024.
• Who are the top players in the market?
  ECOmove GmbH, Elaphe Propulsion Technologies Ltd., Hyundai Mobis Co. Ltd., Michelin Group, Nidec Corp., NSK Ltd., NTN Corp., Protean Electric Ltd., Schaeffler AG, and Dana Inc. are the top players in the market.
• What are the key market drivers and challenges?
  The market is driven by the increased need for safety. However, the high cost of production associated with automotive in-wheel motors may impede market growth.
• How big is the APAC market?
  APAC dominated the market with a 90% share in 2019.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ECOmove GmbH, Elaphe Propulsion Technologies Ltd., Hyundai Mobis Co. Ltd., Michelin Group, Nidec Corp., NSK Ltd., NTN Corp., Protean Electric Ltd., Schaeffler AG, and Dana Inc. are some of the major market participants. Although the increased need for safety and handling efficiency in vehicles will offer immense growth opportunities, the high cost of production associated with automotive in-wheel motors is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive in-wheel motor market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive In-wheel Motor Market 2020-2024: Segmentation

Automotive In-wheel Motor Market is segmented as below:

• Technology
  • Direct Drive
  • Gear Reduction
• Type
  • Rear-wheel Drive
  • Front-wheel Drive
  • All-wheel Drive
• Geography
  • APAC
  • Americas
  • EMEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45395

Automotive In-wheel Motor Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive in-wheel motor market report covers the following areas:

• Automotive In-wheel Motor Market Size
• Automotive In-wheel Motor Market Trends
• Automotive In-wheel Motor Market Industry Analysis

This study identifies the modular design of automotive in-wheel motor to allow easier fitment on vehicles as one of the prime reasons driving the automotive in-wheel motor market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive In-wheel Motor Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive in-wheel motor market growth during the next five years
• Estimation of the automotive in-wheel motor market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive in-wheel motor market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive in-wheel motor market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Technology

• Market segments
• Comparison by Technology
• Direct drive - Market size and forecast 2019-2024
• Gear reduction - Market size and forecast 2019-2024
• Market opportunity by Technology

Market Segmentation by Drive type

• Market segments
• Comparison by drive type
• Rear-wheel drive - Market size and forecast 2019-2024
• Front-wheel drive - Market size and forecast 2019-2024
• All-wheel drive - Market size and forecast 2019-2024
• Market opportunity by drive type

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Americas - Market size and forecast 2019-2024
• EMEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ECOmove GmbH
• Elaphe Propulsion Technologies Ltd.
• Hyundai Mobis Co. Ltd.
• Michelin Group
• Nidec Corp.
• NSK Ltd.
• NTN Corp.
• Protean Electric Ltd.
• Schaeffler AG
• Dana Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201216005131/en/