Japan
In-wheel motor Market Overview:
The global Japan
In-wheel motor Market size will develop at a 20% CAGR between the
forecast period 2023- 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.
Various factors are
propelling the global Japan In-wheel motor 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.
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 Japan In-wheel
motor Market growth in the region.
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Free Sample Report of Japan In-wheel motor Market
In-Wheel
Motors Key Players
Leading contenders
profiled in the global Japan In-wheel motor Market report include ECOmove GmbH
(Germany), Protean Electric (US), NTN Corporation (Japan), Elaphe Ltd
(Slovenia), ZIEHL-ABEGG (Germany), Printed Motors Works (UK), e-Traction B.V.
(Netherlands), Tesla (US), Nissan Motors Corporation (Japan), and Schaeffler AG
(Germany). Industry players have incorporated several strategies to remain at
the forefront and also cater to customers surging needs, such as mergers and
acquisitions, partnerships and joint ventures, new product launches, and
others.
Japan
In-wheel motor Market Segmentation
·
The MRFR report highlights an inclusive segmental
analysis of the global Japan In-wheel motor Market based on cooling type,
vehicle type, power output, and motor type.
·
By motor type, the global Japan In-wheel motor
Market is segmented into outer rotor type and inner rotor type.
·
By power output, the global Japan In-wheel motor
Market is segmented into above 90 KW, 50-90 KW, and up to 50 KW.
·
By vehicle type, the global Japan In-wheel motor
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.
·
By cooling type, the global Japan In-wheel motor
Market is segmented into liquid cooling and air cooling.
In-Wheel
Motors 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 the Rest of the World, the in-wheel electric
motors market is predicted to have admirable growth over the forecast
period.
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