In a recent business intelligence study, FactMR presents the nitty-gritty of the global in-wheel motor market considering 2013-2017 as the historic year and 2018–2027 as the stipulated time frame. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The in-wheel motor market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions.
The in-wheel motor market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing in-wheel motor?
- How does the global in-wheel motor market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2027?
- What innovative products are being introduced by the players in the global in-wheel motor market?
For the benefit of investors and new entrants, the report on in-wheel motor market provides an executive overview followed by taxonomy which embellishes on the key segments. Furthermore, the study outlines visionary perceptions focusing on dynamics including drivers, restraints, trends and opportunities. In addition, readers can actively gain access to prime market aspects such as pricing analysis, market size (US$ Mn & Volume) and forecast, cost structure, supply chain, Y-o-Y growth and a lot more.
Radial Motor in In-Wheel Motor Segment Likely To Deliver Supreme Incremental Opportunity
It has been recorded that increasing penetration of electric vehicles at the global level has given rise to significant demand for autonomous technology. The report advocates that radial in-wheel motors are anticipated to grow at a celebrated CAGR of 31.1% during the forecast period. Furthermore, the axial in-wheel motor is developing at a relatively slower pace in comparison to radial motors. The market share for axial motor is quite large across the global sector, thereby, producing an incremental prospect of US$ 2245.8 Mn by 2027-end.
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APEJ Region Delivers Encouraging Statistics during Forecast Period
On the basis of regional bifurcation, the global in-wheel motor market is evaluated across North America, Europe, Japan, Latin America, and Middle East and Africa (MEA) and Asia Pacific Excluding Japan (APEJ). Among these, the APEJ in-wheel motor market is likely to acquire favorable value share as well as growth in terms of CAGR during the forecast period. Furthermore, the APEJ market, in terms of value, is predicted to manage a prominent market share by 2027, trailed by North America.