Two-wheeler In-wheel Motor Market by Applications, by Type, by End-User, by Deployment & by Technology 2032
Global Two-wheeler In-wheel Motor Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 19.9% from 2024 to 2030.
The two-wheeler in-wheel motor market is experiencing significant growth, driven by the rising demand for electric vehicles (EVs) and advancements in motor technology. In-wheel motors, integrated directly into the wheel hub, offer improved efficiency and performance, making them a preferred choice for modern electric two-wheelers.
Key factors contributing to this market expansion include:
- Environmental Concerns: Increasing awareness of environmental issues has led to a surge in EV adoption, with in-wheel motors playing a crucial role in enhancing vehicle efficiency.
- Technological Advancements: Innovations in motor design and battery technology have resulted in more efficient and powerful in-wheel motors, boosting their appeal among manufacturers and consumers.
- Government Initiatives: Supportive policies and incentives for EVs globally have accelerated the shift towards electric two-wheelers equipped with in-wheel motors.
In my experience, riding an electric scooter with an in-wheel motor provides a smoother and more responsive experience compared to traditional setups. The immediate torque delivery and reduced mechanical losses are noticeable benefits that enhance the overall ride quality.
Recent developments in the industry highlight this trend. For instance, Ola Electric's launch of new electric motorcycles shortly after its IPO marks a significant entry into the electric two-wheeler segment. Similarly, Royal Enfield's plans to introduce its first electric bike in the upcoming financial year reflect the industry's shift towards electrification.
Market projections are optimistic. The global two-wheeler in-wheel motor market was valued at approximately USD 1.2 billion in 2023 and is expected to reach around USD 5.4 billion by 2032, growing at a CAGR of 18.2%. This growth is attributed to the increasing demand for electric two-wheelers and advancements in motor technology.
As the market evolves, challenges such as high costs and increased unsprung weight persist. However, ongoing research and development efforts aim to address these issues, promising a future where in-wheel motors become standard in electric two-wheelers.
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Who are the largest Global manufacturers in the Two-wheeler In-wheel Motor industry?
- Bosch
- Elaphe
- GEM Motors
- QS Motor
- TM4
- Heinzmann GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Two-wheeler In-wheel Motor Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Two-wheeler In-wheel Motor Market
- E-scooter
- E-motorcycle
- Others
What are the types of Two-wheeler In-wheel Motor available in the Market?
Based on Types the Market is categorized into Below types that held the largest Two-wheeler In-wheel Motor market share In 2023.
- Outer Rotor Type
- Inner Rotor Type
Which regions are leading the Global Two-wheeler In-wheel Motor Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Two-wheeler In-wheel Motor Market Research Report, 2024-2032
1. Introduction of the Global Two-wheeler In-wheel Motor Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Two-wheeler In-wheel Motor Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Two-wheeler In-wheel Motor Market, By Type
6. Global Two-wheeler In-wheel Motor Market, By Application
7. Global Two-wheeler In-wheel Motor Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Two-wheeler In-wheel Motor Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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