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in Wheel Motor Market
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in Wheel Motor Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2001103, Published - February 2025

Segmented in Technology Type (Brushed DC, Brushless DC, Induction, Permanent Magnet), Power Output (Less Than 30 kW, 30 to 60 kW, 60 to 100 kW, Above 100 kW), Design Type, Motor Placement, Application and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global in Wheel Motor Market Outlook

The market, for In wheel motor was estimated at $3.6 billion in 2024; and it is anticipated to increase to $35.9 billion by 2030 with projections indicating a growth to around $241.7 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 46.4% over the forecast period. These impressive figures underline the substantial traction that the In Wheel Motor market has been gaining in recent times. Primary driving factors include the prevalent shift towards environmentally sustainable transportation solutions, technological advancements in electric vehicle (EV) systems, and the widespread adoption of In Wheel Motors across various industries and automotive applications. Furthermore, government policies and subsidies promoting the use of EVs, coupled with the imperative to curb greenhouse gas emissions, are solidifying the In Wheel Motors ongoing relevance and influence in the global market.


As a pivotal component of electric vehicles, In Wheel Motors are embedded directly into the wheels of the vehicle, thereby eliminating the necessity for transmissions, drive shafts, differentials, and other complexities. This compact, lightweight, and energy-efficient system effectively enhances performance and fuel efficiency. Predominantly utilised in passenger cars, commercial vehicles, and high-performance electric cars, the technologys popularity has been bolstered by the burgeoning electric mobility trend and the advent of high-tech autonomous vehicles.


Market Size Forecast & Key Insights

2019
$3.6B2024
2029
$165B2034

Absolute Growth Opportunity = $161B

The in Wheel Motor market is projected to grow from $3.6 billion in 2024 to $165 billion in 2034. This represents a CAGR of 46.4%, reflecting rising demand across Electric Vehicles, Industrial Automated Guided Vehicles (AGVs) and E-bikes and E-scooters.

The in Wheel Motor market is set to add $161 billion between 2024 and 2034, with manufacturer targeting 30 to 60 kW & 60 to 100 kW Power Output projected to gain a larger market share.

With Increasing demand for electric vehicles, and Technological advancements in the automotive industry, in Wheel Motor market to expand 4423% between 2024 and 2034.

Opportunities in the in Wheel Motor Market

Collaborative Ventures in Asia-Pacific Region

The technology-driven nations in the Asia-Pacific region show strong prospects for the adoption of In Wheel Motor.

Untapped Potential in the Electric Vehicle Market and Advancements in Regenerative Braking Systems

The current decade is poised to witness a tremendous shift toward the adoption of electric vehicles globally. As the prime mover of such vehicles, the In Wheel Motor has a wide untapped capability in this market. The inherent benefits of In Wheel Motor, including higher efficiency, improved handling, and the ability to provide high torque at low RPMs, make it the ideal technology to enhance the performance of electric vehicles. Harnessing this potential can drive significant growth for In Wheel Motor production.

With ongoing advancements in the field of regenerative braking systems, companies manufacturing In Wheel Motor have an excellent to cement their market position. Superior regenerative braking can be achieved through efficient integration of an In Wheel Motor, thereby recapturing energy during braking, and effectively increasing vehicle efficiency. This technological innovation presents a compelling growth scenario for In Wheel Motor suppliers.

Growth Opportunities in North America and Europe

Europe Outlook

Europe, particularly Germany and France, showcase high potential for In Wheel Motor market growth, with leading automakers striving for differentiation in their EV offerings. Innovation, efficiency, and high performance are key drivers within this market. European manufacturers are leveraging advanced In Wheel Motor technologies to enhance the control and maneuverability of EVs, giving them a competitive edge. Stricter emission regulations and government subsidies for green vehicles continue to fuel the demand for In Wheel Motors in this region.

North America Outlook

The North American market is characterized by lucrative opportunities for In Wheel Motor technology integration, with leading players heavily investing in R&D. The demand here is primarily driven by the increasing adoption in electric vehicles and the growing interest in autonomous driving technologies. The race for technological supremacy among top manufacturers has further propelled regional growth. Increased focus on sustainable transportation methods and government incentives for EVs have created a robust demand for In Wheel Motors across the United States and Canada.

North America Outlook

The North American market is characterized by lucrative opportunities for In Wheel Motor technology integration, with leading players heavily investing in R&D. The demand here is primarily driven by the increasing adoption in electric vehicles and the growing interest in autonomous driving technologies. The race for technological supremacy among top manufacturers has further propelled regional growth. Increased focus on sustainable transportation methods and government incentives for EVs have created a robust demand for In Wheel Motors across the United States and Canada.

Europe Outlook

Europe, particularly Germany and France, showcase high potential for In Wheel Motor market growth, with leading automakers striving for differentiation in their EV offerings. Innovation, efficiency, and high performance are key drivers within this market. European manufacturers are leveraging advanced In Wheel Motor technologies to enhance the control and maneuverability of EVs, giving them a competitive edge. Stricter emission regulations and government subsidies for green vehicles continue to fuel the demand for In Wheel Motors in this region.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, Germany, China, Japan, South Korea are expected to grow at 44.5% to 65.0% CAGR

2

Emerging Markets : India, Brazil, Indonesia are expected to grow at 34.8% to 48.3% CAGR

Market Analysis Chart

In the automotive industry, the In Wheel Motors demand has been driven by several factors. One of the primary drivers is the escalating need for fuel-efficient and emission-free vehicles. Another key influencer propelling the market growth is the ongoing advancement in electric vehicle technology. The In Wheel Motor, a crucial component of these vehicles, contributes significantly to improving energy efficiency and performance. However, there are some restraints handicapping the market growth.

Recent Developments and Technological Advancement

December 2024

EcoMotion Technologies introduced a high-performance compact In Wheel Motor for electric scooters, expanding their product range in the small vehicle market.

October 2024

Bosch Motors initiated mass production of their innovative in wheel motors, aiming to revolutionize electric vehicle propulsion systems.

August 2024

Orbis Technology secured a significant investment to further R&D in In Wheel Motor technologies, indicating growing investor interest in this market.

The in-wheel motor market been characterized by notable advancements and diversified applications, shaping the direction of its future growth. A trend sparking notable attention is the significant leap in the adoption of electric vehicles , wherein an in-wheel motor plays a pivotal role.

Impact of Industry Transitions on the in Wheel Motor Market

As a core segment of the Automotive industry, the in Wheel Motor market develops in line with broader industry shifts. Over recent years, transitions such as Electrification of Vehicles and Autonomous Driving Systems have redefined priorities across the Automotive sector, influencing how the in Wheel Motor market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Electrification of Vehicles:

With the global focus on reducing carbon emissions, the auto industry is undergoing a shift from internal combustion engines to electric powertrains. InWheel Motors, being an integral part of electric vehicles, are witnessing a surge in demand. This transition is driving manufacturers to develop more efficient and compact designs to integrate motors within wheel modules. The impact is clearly seen in the associated battery and charging industry, which is also evolving rapidly to meet the needs of electric vehicles. Higher demands for these motors are also having a ripple effect on the raw materials market, particularly rare earth elements used in their construction.

2

Autonomous Driving Systems:

In Wheel Motors are playing a key role in the evolution of autonomous vehicles. The precise control they offer over individual wheels significantly enhances vehicle stability and maneuverability, facilitating the development of autonomous mobility systems. Their role extends into the safety sector too, by enabling independent, machinecontrolled braking mechanisms.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Automotive industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Automotive industry cascade into the in Wheel Motor market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Demand for Electric Vehicles, and Government Regulations towards Emission Reduction

The rising consumer preference towards electric vehicles due to environmental concerns is also one of the primary s for the In Wheel Motor market. In Wheel Motor also serves as the key component in electric vehicles, enhancing their efficiency and performance. As electric vehicle adoption surges, demand for In Wheel Motor is also expected to follow suit, further propelling the market development
Increasingly stringent policies and regulations by government bodies worldwide to curb vehicular emissions are also paving the way for an increased adoption of In Wheel Motors. These motors play a crucial role in reducing vehicle emissions, supporting global efforts to combat climate change. The legislations mandating lower emission levels are also thus expected to act as a significant for the expansion of the In Wheel Motor market.
Continuous innovations in the automotive sector, particularly in the area of vehicle electrification and automation, are also catalyzing the incorporation of In Wheel Motors. Technological advancements are also constantly refining the features of In Wheel Motor, facilitating improved vehicle handling, less energy consumption, and a smoother driving experience. This technological push is also expected to drive substantial growth in the In Wheel Motor market

Restraint: High Production and Maintenance Costs

One of the significant restrictions facing the In Wheel Motor industry is the high production and maintenance costs associated with these motors. The intricate nature of designing and manufacturing In Wheel Motors requires advanced technologies and precision engineering, thereby escalating production costs. Additionally, the maintenance of these motors also incurs significant expenditure, making them less cost-effective options for consumers. These factors impact the overall market demand and dynamics as they limit the accessibility of In Wheel Motors for a broader consumer base, stifling growth in potential market segments.

Challenge: Technological Challenges

The second facing the In Wheel Motor market revolves around the technological challenges inherent in the industry. The requirement for high torque, efficiency, and power density within compact devices is a test for developers, who must navigate the balance between performance and size. Moreover, there are major hurdles relating to heat management and achieving consistent motor performance under various operating conditions.

Supply Chain Landscape

Raw Material Sourcing

BASF

ArcelorMittal

Component Manufacturing

Nidec Corporation

Schaeffler AG

Assembly
Protean Electric / Elaphe Ltd
End User
Automobile / Industrial Automation
Raw Material Sourcing

BASF

ArcelorMittal

Component Manufacturing

Nidec Corporation

Schaeffler AG

Assembly

Protean Electric

Elaphe Ltd

End User

Automobile

Industrial Automation

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Electric Vehicles
Automotive
Protean Electric
Protean Electric focuses on pioneering technologies designed to enhance fuel efficiency and promote sustainable power
Cargo Transport
Logistics
Elaphe Propulsion Technologies Ltd.
The company strategy is anchored on diversifying logistics through advanced in wheel motor solutions
Assistive Devices
Healthcare
ez-Wheel
ez-Wheel offers an innovative approach dedicating research to improve mobility for those with physical limitations
Personal Mobility Devices
Consumer Electronics
Hoveround
Hoveround capitalizes on combining comfort and convenience in personal mobility powered by effective in wheel motors

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the in Wheel Motor market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of in Wheel Motor in Industrial Automated Guided Vehicles (AGVs), E-bikes and E-scooters and Electric Vehicles

Industrial Automated Guided Vehicles (AGVs)

Embodying the principles of Industry 4.0, AGVs utilize the In Wheel Motor expansively. The increased torque and precision control afforded by these motors, particularly the Permanent Magnet Synchronous Motors , are of paramount value for industrial tasks requiring meticulous handling and transit.

E-bikes and E-scooters

With an increase in urban mobility solutions, e-bikes, and e-scooters have emerged as dominant players, wherein the In Wheel Motor plays a pivotal role. Brushless DC motors are particularly preferred in this application for their high speed, reliability, and ease of control. Their robust nature makes them highly suitable for these lightweight transportation modes. Manufacturers like QS Motor and Go SwissDrive stand out in the industry, offering solutions that cater to efficiency and durability, thus establishing strong market positions.

Electric Vehicles

As a prime application of In Wheel Motors, electric vehicles make great use of this breakthrough technology. The In Wheel Motor finds utility in this segment primarily due to its compactness and direct drive function, eliminating the need for a traditional nose cone, thus providing for more space within the vehicle. These motors, specifically AC in wheel motors, offer significant performance advantages, enhancing the cars efficiency as they create less waste heat. Magnax and Protean Electric are two of the top developers in this realm, leveraging their competitive strengths in developing efficient and powerful motors to command significant market shares.

in Wheel Motor vs. Substitutes:
Performance and Positioning Analysis

The In Wheel Motor boasts superior efficiency and compactness over its alternatives like central drive motors, highlighting its unique market positioning. Its potential for growth is immense given evolving electric vehicle trends. These Alternatives specially Hub Motor has experienced a rapid growth as detailed in our latest report.

in Wheel Motor
    Improved vehicle handling, Increased energy efficiency
    Higher cost, Complicated integration into existing vehicle designs
    Compact design, high performance efficiency
    Loss of cargo space, maintenance complexity

in Wheel Motor vs. Substitutes:
Performance and Positioning Analysis

in Wheel Motor

  • Improved vehicle handling, Increased energy efficiency
  • Higher cost, Complicated integration into existing vehicle designs

Hub Motor / Electric axle drives / Automotive Traction Motor

  • Compact design, high performance efficiency
  • Loss of cargo space, maintenance complexity

The In Wheel Motor boasts superior efficiency and compactness over its alternatives like central drive motors, highlighting its unique market positioning. Its potential for growth is immense given evolving electric vehicle trends. These Alternatives specially Hub Motor has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the in Wheel Motor market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Automotive ecosystem, we analyze in Wheel Motor across Passenger Vehicles, Commercial Vehicles, and Industrial Equipment Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Protean Electric, Elaphe Ltd, and NTN Corporation by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Sourcing, Component Manufacturing, and Assembly. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Automotive revenues to estimate the in Wheel Motor segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Sourcing (BASF, ArcelorMittal), Component Manufacturing (Nidec Corporation, Schaeffler AG), and Assembly. Our parallel substitute analysis examines Hub Motor, Electric axle drives, and Automotive Traction Motor, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Protean Electric, Elaphe Ltd, and NTN Corporation, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the in Wheel Motor market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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in Wheel Motor Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 5.3 billion
Revenue Forecast in 2034USD 165 billion
Growth RateCAGR of 46.4% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20243.6 billion
Growth OpportunityUSD 161 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20243.6 billion USD
Market Size 202711.5 billion USD
Market Size 202924.5 billion USD
Market Size 203035.9 billion USD
Market Size 2034165 billion USD
Market Size 2035241 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredTechnology Type, Power Output, Design Type, Motor Placement, Application
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledProtean Electric, Elaphe Ltd, NTN Corporation, e-Traction B.V., ZIEHL-ABEGG, Printed Motor Works, TM4 Inc., Evans Electric, Saietta Group, NSK Ltd, Schaeffler Technologies AG & Co. KG and Yasa Limited.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

in Wheel Motor Market Size, Opportunities & Strategic Insights, by Technology Type

4.1Brushed DC
4.2Brushless DC
4.3Induction
4.4Permanent Magnet
Chapter 5

in Wheel Motor Market Size, Opportunities & Strategic Insights, by Power Output

5.1Less Than 30 kW
5.230 to 60 kW
5.360 to 100 kW
5.4Above 100 kW
Chapter 6

in Wheel Motor Market Size, Opportunities & Strategic Insights, by Design Type

6.1Single Rotor
6.2Double Rotor
6.3Electronic In Wheel
Chapter 7

in Wheel Motor Market Size, Opportunities & Strategic Insights, by Motor Placement

7.1Front Wheel
7.2Rear Wheel
Chapter 8

in Wheel Motor Market Size, Opportunities & Strategic Insights, by Application

8.1Passenger Vehicles
8.2Commercial Vehicles
8.3Industrial Equipment
8.4Mobility Services
8.5Others
Chapter 9

in Wheel Motor Market, by Region

9.1North America in Wheel Motor Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe in Wheel Motor Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific in Wheel Motor Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa in Wheel Motor Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America in Wheel Motor Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS in Wheel Motor Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Protean Electric
10.2.2Elaphe Ltd
10.2.3NTN Corporation
10.2.4e-Traction B.V.
10.2.5ZIEHL-ABEGG
10.2.6Printed Motor Works
10.2.7TM4 Inc.
10.2.8Evans Electric
10.2.9Saietta Group
10.2.10NSK Ltd
10.2.11Schaeffler Technologies AG & Co. KG
10.2.12Yasa Limited.