Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the In-Wheel Motor Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the In-Wheel Motor Market Growth?
The market size of the in-wheel motor has been expanding rapidly in the past few years. Its growth is projected to increase from $1.26 billion in 2024 to $1.65 billion in 2025, representing a compound annual growth rate (CAGR) of 31.2%.
What Is the Predicted Industry Size and CAGR of the In-Wheel Motor Market in 2029?
The In-Wheel Motor Global Market Report 2025 projects that by 2029, the market size for in-wheel motors will reach $4.71 billion, expanding at a compound annual growth rate (CAGR) of 30.0%.
Download the Free Sample Now:
Which Factors Are Driving Growth in the In-Wheel Motor Market?
The key drivers in the in-wheel motor market are:
• Growing interest in autonomous vehicles
• Increasing customer demand for in-wheel motor systems
• Increased emphasis on electric and hybrid vehicles
• Surge in demand for electric vehicles (EVs)
Which Segment Trends Are Covered in the In-Wheel Motor Market Forecast?
The in-wheel motor market covered in this report is segmented –
1) By Propulsion: Battery Electric Vehicle(BEV), Fuel Cell Electric Vehicle(FCEV), Hybrid Electric Vehicle(HEV), Plug-In Hybrid Electric Vehicle, Other Propulsions
2) By Cooling Type: Air Cooling, Liquid Cooling
3) By Power Output Type: Up To 60 KW, 60–90 KW, Above 90 KW
4) By Vehicle Type: Passenger Cars, Commercial Vehicles
5) By Application: Auto Industry, Industrial Equipment, Other Applications
Explore the Complete Market Report:
What Are the Current Market Trends in the In-Wheel Motor Industry?
The key trends in the in-wheel motor market are:
• There is an increasing adoption of in-wheel motors in passenger vehicles.
• Technological advancements are playing a key role in the market future.
• The demand for axial motors is witnessing a significant increase.
• There are notable advancements being made specifically in in-wheel motor technology.
Who are the Key Companies in the In-Wheel Motor Market?
Major players in the in-wheel motor market are:
• Tesla Inc.
• Daimler Truck AG
• Magnetic Systems Technology Ltd.
• NTN Corporation
• NSK Corporation
• Schaeffler Group
• Nissan Motor Corporation
• e-Traction
• Protean Electric Limited
• BEDEO
• Brusa Eleckronik AG
• Elaphe Propulsion Technologies Ltd.
• Heinzmann GmbH & Co. KG
• Ziehl-Abegg SE
• Printed Motor Works
• ECOmove GmbH
• Lordstown Motors
• MW Motors International Ltd.
• Nu Ride Inc.
• GEM Motors
What are the Regional Trends Across the In-Wheel Motor Market?
Asia Pacific was the largest region in the In-wheel motor market in 2024
