"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., Canada, 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 include sedans, hatchbacks, SUVs, and others, while commercial vehicles encompass trucks, buses, and vans. The adoption of in-wheel motor technology varies across these segments due to factors like cost, performance requirements, and regulatory considerations.
- **Propulsion Type**: Another key segment is based on propulsion type, which includes electric vehicles (EVs), hybrid electric vehicles (HEVs), and internal combustion engine vehicles. As the automotive industry shifts towards electrification to reduce emissions and enhance efficiency, the demand for in-wheel motors in EVs and HEVs is expected to rise significantly.
- **Sales Channel**: The market can also be segmented by sales channel into OEMs (Original Equipment Manufacturers) and aftermarket. OEMs integrate in-wheel motors directly into new vehicles during production, while the aftermarket segment involves retrofitting existing vehicles with in-wheel motor kits. Each sales channel has its unique dynamics and customer base.
**Market Players**
- **Protean Electric**: Protean Electric is a leading player in the automotive in-wheel market, known for its advanced in-wheel motor technology that offers high power density and efficiency. The company collaborates with major automakers to integrate its systems into next-generation vehicles.
- **Elaphe Propulsion Technologies**: Elaphe specializes in in-wheel propulsion systems and has a strong track record in developing compact and lightweight motors for various vehicle applications. The company's in-wheel technology is designed to enhance vehicle performance and driving dynamics.
- **Ziehl-Abegg Automotive**: Ziehl-Abegg Automotive is a key player offering in-wheel motor solutions for electric and hybrid vehicles. With a focus on innovation and sustainability, the company provides efficient and reliable in-wheel propulsion systems to enhance the overall driving experience.
The automotive in-wheel market is witnessing significant growth driven by the increasing demand for electric vehicles, advancements inThe automotive in-wheel market is experiencing a notable surge in demand, primarily fueled by the global push towards electrification and the rising adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). In-wheel motors offer a compact and efficient solution for powering vehicles, eliminating the need for traditional drivetrain components like engines, transmissions, and driveshafts. This not only saves space within the vehicle but also allows for greater design flexibility and improved performance characteristics. As governments worldwide impose stricter emissions regulations and consumers increasingly prioritize sustainability, automakers are turning towards in-wheel motor technology to enhance efficiency and reduce their carbon footprint.
One of the key segments in the automotive in-wheel market is based on the vehicle type, distinguishing between passenger vehicles and commercial vehicles. Passenger vehicles, including sedans, SUVs, and hatchbacks, are increasingly incorporating in-wheel motors to optimize performance and efficiency. On the other hand, commercial vehicles such as trucks, buses, and vans are also exploring the integration of in-wheel motor technology to enhance fuel economy and reduce emissions during urban driving conditions. The adaptation of in-wheel motors across these vehicle types is influenced by factors like cost-effectiveness, regulatory compliance, and performance requirements specific to each segment.
Propulsion type is another critical segment that impacts the automotive in-wheel market dynamics. With the industry's transition towards electric and hybrid propulsion systems, the demand for in-wheel motors is expected to rise significantly. Electric vehicles, in particular, are driving the adoption of in-wheel motors due to their inherent advantages such as regenerative braking, precise torque control, and enhanced traction. Hybrid electric vehicles, combining internal combustion engines with electric propulsion, also benefit from in-wheel motor technology to improve overall efficiency and reduce emissions. This shift towards electrification is reshaping the automotive landscape and opening up new opportunities for in-wheel motor manufacturers to innovate and offer cutting-edge solutions.
Sales channels play a vital role in the distribution of in-wheel motor systems, with OEMs and aftermarket segments catering to different customer requirements. Original Equipment**Global Automotive In Wheel Market**
- **Off-Highway Segment**: The off-highway segment in the automotive in-wheel market includes applications in construction and mining equipment as well as agricultural tractors. In-wheel motors offer advantages such as improved maneuverability, traction control, and efficiency for off-highway vehicles operating in challenging terrain conditions.
- **Vehicle Class Segment**: The market can be segmented by vehicle class into economy, mid-priced, and luxury priced vehicles. Each vehicle class has distinct requirements and performance expectations, influencing the adoption of in-wheel motor technology to enhance driving dynamics, efficiency, and overall vehicle performance.
- **End-Use Segment**: The end-use segment categorizes the market into aftermarket and original equipment (OE) market. Aftermarket sales involve retrofitting existing vehicles with in-wheel motor kits, catering to customers looking to upgrade their vehicles' performance and efficiency. On the other hand, the OE market integrates in-wheel motors directly into new vehicles during production, emphasizing innovation and technological advancements.
- **Vehicle Type Segment**: Automotive in-wheel market segmentation by vehicle type includes passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Each vehicle type presents unique challenges and opportunities for in-wheel motor adoption based on factors such as payload capacity, driving range, and operational requirements.
- **Rim Size Segment**: Rim size segmentation in the market ranges from 13""-15"" to greater than 21"", influencing the design and integration of in-wheel motors for different vehicle models
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, Canada, 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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