Inwheel Motors Consumption Market Synopsis:
In this report, LP Information covers the present scenario with the base year being 2017 and the growth prospects of global Inwheel Motors market for 20182023.
Inwheel motors allow torque to be applied at the wheel; the point where the torque is required. Inwheel motors occupy the most unobtrusive space inside the vehicle, leaving more volume inside the vehicle body for batteries and luggage.
Directdrive, inwheel motors require no gearboxes, driveshafts or differentials, thus giving far greater flexibility to vehicle designers while substantially reducing drivetrain losses. The reduced drivetrain losses mean less energy is wasted during both acceleration and regenerative braking, resulting in more of the energy from the battery pack being available to propel the vehicle.
Each inwheel motor can be controlled entirely independently, providing far greater control, performance and vehicle dynamics characteristics than any other drive system; traction control, launch control and torque vectoring are all easily implemented through the use of inwheel motors.
The classification of Inwheel Motors includes Outer Rotor Type and Inner Rotor Type. The proportion of Outer Rotor Type in 2016 is about 96.94%, and the proportion is in increasing trend from 2012 to 2016 as the outer rotor is generally applied in the electric vehicles.
With more and more companies built plants here, China is the largest supplier of Inwheel Motors, with a production market share nearly 59.61% in 2016. With mature technology, Europe is the second largest supplier of Inwheel Motors, enjoying production market share nearly 33.80% in 2016.
With rapid growing electric vehicle industry, China is also the fast growing consumption place, with a consumption market share nearly 33.27% in 2016. With a lot of automotive and parts manufacturers, Europe is the largest consumption place with the consumption market share of 44.28%.
Over the next five years, LPILP Information projects that Inwheel Motors will register a 32.8% CAGR in terms of revenue, reach US$ 67 million by 2023, from US$ 12 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Inwheel Motors market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Outer Rotor Type
Inner Rotor Type
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Inwheel Motors consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Inwheel Motors market by identifying its various subsegments.
Focuses on the key global Inwheel Motors manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Inwheel Motors with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the consumption of Inwheel Motors submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.