Automotive In Wheel Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2029
Automotive In Wheel Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2029
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"Global Automotive In Wheel Market – Industry Trends and Forecast to 2029
Global Automotive In Wheel Market, By Off-Highway (Construction and Mining Equipment, Agriculture Tractors), Vehicle Class (Economy, Mid-Priced, Luxury Priced), End-Use (Aftermarket, OE Market), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), Rim Size (13”-15”, 16”-18”, 19”-21”, >21”), Finish Type (Painted & Polished, Machined Alloy wheel, Two Tonned Alloy, Chromed Alloy, Anodised), Material (Alloy, Aluminium, Magnesium, Steel, Chromed, Carbon Fiber), Product (Regular, High Performance), Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
The automotive in wheel market is expected to witness market growth at a rate of 20.60% in the forecast period of 2022 to 2029. Data Bridge Market Research report on automotive in wheel market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the automotive sector globally is escalating the growth of automotive in wheel market.
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Wheel refers to an essential part of a motor vehicle. The demand for wheel is directly connected to the automotive industry. The automotive wheel is defined as a component that rotates and transmits the drive from the axle to the road. This automotive component provides a means to affix the tires.
**Segments**
- **Vehicle Type**: The automotive in-wheel market can be segmented based on vehicle type into passenger vehicles and commercial vehicles. Passenger vehicles, including sedans, SUVs, and hatchbacks, are witnessing a growing demand for in-wheel motor systems due to the rising trend of electric vehicles in the consumer market. On the other hand, commercial vehicles such as vans, trucks, and buses are also adopting in-wheel technology to enhance efficiency and reduce emissions.
- **Motor Type**: Another key segmentation of the market is based on motor type, which includes permanent magnet synchronous motors (PMSM) and switched reluctance motors (SRM). PMSM technology is widely favored for in-wheel applications due to its high efficiency, precise control, and compact design. SRMs are also gaining traction for their simpler construction and potential cost advantages.
- **Propulsion Type**: The automotive in-wheel market can also be segmented by propulsion type into electric vehicles (EVs) and hybrid electric vehicles (HEVs). With the global shift towards electric mobility, EVs are driving the demand for in-wheel motor systems to power individual wheels efficiently. HEVs, which combine internal combustion engines with electric propulsion, are also utilizing in-wheel technology to optimize performance and fuel economy.
**Market Players**
- **Protean Electric**
- **Elaphe**
- **Ziehl-Abegg**
- **NTN Corporation**
- **Printech Circuit Laboratories**
- **Heinzmann GmbH & Co. KG**
- **TXV Aero Engineering**
- **Schaeffler Technologies AG & Co. KG**
- **Hyundai Mobis**
- **Magna International Inc.**
The global automotive in-wheel market is witnessing significant growth opportunities driven by the increasing demand for electric vehicles, stringent emission regulations, and technological advancements in motor technology. Key market players such as Protean Electric, Elaphe, and Ziehl-Abegg are at the forefront of innovation, offering advanced in-wheel motor solutionsThe global automotive in-wheel market is set to experience substantial growth in the coming years, primarily fueled by the surging demand for electric vehicles (EVs) worldwide. As governments and regulatory bodies implement stringent emission standards to combat pollution and address climate change concerns, automakers are increasingly shifting towards electric mobility solutions. This paradigm shift towards EVs is a significant driving force behind the adoption of in-wheel motor systems, which offer improved efficiency, reduced energy consumption, and enhanced performance compared to traditional drivetrain setups. The market segmentation based on vehicle type highlights the diverse application areas for in-wheel technology, with passenger vehicles and commercial vehicles both embracing this innovative solution to meet evolving consumer demands and regulatory requirements.
In terms of motor type segmentation, the preference for permanent magnet synchronous motors (PMSM) in in-wheel applications underscores the importance of efficiency and precision control in the automotive sector. PMSMs are known for their high efficiency levels, compact design, and superior performance characteristics, making them the motor of choice for many in-wheel motor systems. Switched reluctance motors (SRMs) are also gaining traction within the market due to their simpler construction and potential cost advantages, providing customers with a wider range of motor options to suit their specific needs and applications.
The propulsion type segmentation further delineates the market by categorizing it into electric vehicles (EVs) and hybrid electric vehicles (HEVs). With the increasing popularity of EVs as a sustainable transportation solution, in-wheel motor systems are becoming integral components in powering individual wheels efficiently and effectively. EVs offer zero-emission driving capabilities, reduced operational costs, and lower reliance on fossil fuels, making them an attractive choice for environmentally conscious consumers and fleet operators. HEVs, on the other hand, combine internal combustion engines with electric propulsion to achieve improved fuel economy and performance, with in-wheel technology playing a crucial role in optimizing the overall efficiency of hybrid powertrains.
Market players such as Protean Electric, Elaphe, and Ziehl-Abegg are actively**Segments:**
- **Off-Highway**: The global automotive in-wheel market extends its reach beyond traditional passenger and commercial vehicles to include the off-highway segment, catering to specialized applications in construction and mining equipment as well as agriculture tractors. In-wheel motor systems offer benefits such as improved traction, maneuverability, and efficiency in off-road conditions, making them a valuable addition to off-highway vehicles seeking enhanced performance and productivity.
- **Vehicle Class**: The segmentation based on vehicle class delves into the differentiation between economy, mid-priced, and luxury-priced vehicles in terms of their adoption of in-wheel motor technology. Each vehicle class has distinct requirements and preferences when it comes to drivetrain solutions, with in-wheel systems offering a versatile and efficient option across the spectrum. From affordable economy vehicles to high-end luxury models, in-wheel motors cater to diverse vehicle classes with their performance and efficiency advantages.
- **End-Use**: The market segmentation by end-use distinguishes between aftermarket and original equipment (OE) markets as key channels for the adoption of in-wheel motor systems. The aftermarket segment caters to vehicle owners and service providers looking to upgrade or replace existing drivetrain components with advanced in-wheel technology. In contrast, the OE market focuses on integrating in-wheel motors directly into new vehicle manufacturing processes, showcasing the growing OEM interest in leveraging this innovative solution for next-generation vehicles.
- **Rim Size**: The categorization of rim size plays a crucial role in determining the compatibility and performance of in-wheel motor
A high quality Automotive In Wheel market research report is a definitive solution for the success of business at local, regional as well as international level. All the market factors are described in the report as required to define the topic and provide maximum information for better decision making. Several other factors such as import, export, gross margin, price, cost, and consumption are also analyzed under the section of production, supply, sales and market status. An excellent Automotive In Wheel market report comprises of comprehensive and thorough insights which are based on business intelligence.
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Countries Studied:
- North America (Argentina, Brazil, copyright, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Core Objective of Automotive In Wheel Market:
Every firm in the Automotive In Wheel Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Size of the Automotive In Wheel Market and growth rate factors.
- Important changes in the future Automotive In Wheel Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Automotive In Wheel Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Automotive In Wheel top manufacturers profile and sales statistics.
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