PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1748638
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1748638
In-Wheel Motor Market size was valued at US$ 1,267.32 Million in 2024, expanding at a CAGR of 32.90% from 2025 to 2032.
The In-Wheel Motor market refers to the Application of placing electric motors directly within the wheels of a vehicle, enabling more efficient use of space and reducing the need for traditional drivetrains. This approach provides several advantages, including improved energy efficiency, reduced vehicle weight, and better vehicle design flexibility. In-wheel motors are commonly found in electric vehicles (EVs) and are seen as a key component in the future of automotive propulsion systems. The Application allows for independent wheel control, improving handling, braking, and overall performance.
Additionally, it enables more compact vehicle designs and contributes to the development of autonomous vehicles by enhancing maneuverability. As the demand for EVs grows and sustainability becomes a more significant priority, in-wheel motors are gaining traction, particularly in the electric and hybrid vehicle sectors. Manufacturers are focusing on increasing the power density of these motors while addressing challenges related to heat dissipation and durability. This market is expected to see continued innovation as automakers and suppliers work toward improving the integration of in-wheel motor systems into mass-market vehicles.
In-Wheel Motor Market- Market Dynamics
Growing demand for lightweight and energy-efficient electric vehicle components.
The increasing demand for lightweight and energy-efficient components is a significant driver for the In-Wheel Motor market. As electric vehicles (EVs) become more popular, automakers are constantly seeking ways to improve their efficiency and reduce overall vehicle weight. In-wheel motors offer a unique solution by eliminating the need for heavy conventional drivetrains and allowing for direct propulsion from each wheel.
This design reduces the overall weight of the vehicle, which in turn helps improve the efficiency of the powertrain and extends battery life. Additionally, reducing weight is crucial for enhancing the driving range and performance of EVs, both key factors for consumer adoption. The integration of in-wheel motors also supports the broader push for sustainable mobility, as these motors are more energy-efficient, leading to reduced energy consumption. As a result, the demand for lightweight, energy-efficient components in electric vehicles directly contributes to the growth and innovation of the in-wheel motor market.
In-Wheel Motor Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 32.90% over the forecast period (2025-2032)
Based on Vehicle Type segmentation, Electric Vehicles (EVs) was predicted to show maximum market share in the year 2024
Based on Motor Type segmentation, Hub Motors was the leading Motor Type in 2024
Based on Power Output segmentation, Low Power (Up to 10 kW) was the leading Power Output in 2024
Based on Application segmentation, Passenger Vehicles was the leading Application in 2024
Based on end user segmentation, Automotive OEMs was the leading end user in 2024
On the basis of region, Asia Pacific was the leading revenue generator in 2024
The Global In-Wheel Motor Market is segmented based on Vehicle Type, Motor Type, Power Output, Application, End User, and Region.
The market is divided into four categories based on Vehicle Type: Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), and Autonomous Vehicles. The most dominant segment among these is Electric Vehicles (EVs). This is primarily due to the rapid global shift towards sustainable transportation and the increasing demand for zero-emission vehicles. Governments worldwide are implementing stricter emissions regulations and offering incentives for EV adoption, which has significantly boosted the market for electric vehicles.
EVs benefit from advanced technologies like in-wheel motors, which provide better energy efficiency, reduced weight, and improved vehicle design flexibility. As the EV infrastructure expands, including charging stations and battery technologies, the demand for electric vehicles continues to grow, making it the leading segment in the market for in-wheel motors.
The market is divided into three categories based on Motor Type: Hub Motors, Outer Rotor Motors, and Inner Rotor Motors. The most dominant segment among these is Hub Motors. Hub motors are widely used in electric vehicles, particularly in two-wheelers and light electric vehicles, due to their compact design and efficiency. They are integrated directly into the wheels, eliminating the need for a traditional drivetrain, which reduces weight and increases space efficiency.
This design also simplifies the overall vehicle architecture and contributes to enhanced energy efficiency, making hub motors an attractive option for electric vehicle manufacturers. As a result, hub motors are gaining significant traction in both the electric two-wheeler and electric car markets, driving their dominance in the market for in-wheel motors.
In-Wheel Motor Market- Geographical Insights
The Asia Pacific region is witnessing significant growth in the In-Wheel Motor market, driven by the increasing adoption of electric vehicles (EVs) and government policies aimed at promoting sustainable transportation. Countries like China, Japan, and South Korea are leading the way in electric vehicle production and innovation, with a growing emphasis on reducing carbon emissions and improving vehicle efficiency. The region's automotive industry is rapidly evolving, with major manufacturers investing in research and development of advanced electric propulsion systems, including in-wheel motors.
Furthermore, the rise in consumer demand for more energy-efficient, lightweight, and high-performance EVs is fueling the adoption of in-wheel motor Application. With strong infrastructure development and a push toward EVs in countries like India, the region is positioned for significant advancements in this Application. Moreover, collaborations between automotive manufacturers and tech companies are accelerating the pace of innovation in in-wheel motor systems.
China is at the forefront of the in-wheel motor market, driven by its robust electric vehicle (EV) industry and supportive government policies. The country has become a global leader in EV production, manufacturing over 60% of the world's electric cars and 80% of their batteries. This success is attributed to strategic industrial planning and investment, particularly in cities like Jinhua and Hefei, which have become thriving EV hubs.
The competitive landscape of the In-Wheel Motor market is characterized by the presence of both established automotive suppliers and innovative Application companies. Key players like Protean Electric, Schaeffler Group, and ZF Friedrichshafen AG are actively engaged in advancing in-wheel motor Application, focusing on improving power density, efficiency, and durability. Companies like Elaphe Propulsion Technologies and Yasa Ltd. are pioneers in this space, offering cutting-edge in-wheel motor systems specifically designed for electric vehicles.
Additionally, global automotive giants such as BorgWarner, Continental AG, and Magna International are increasingly investing in in-wheel motor Application as part of their strategy to cater to the growing demand for electric vehicles. Strategic partnerships and collaborations, especially with EV manufacturers, are a common approach to accelerate innovation and bring in-wheel motors to market faster. While major players benefit from strong brand recognition and extensive research capabilities, smaller, specialized firms are making significant strides by focusing on niche technological advancements. Overall, the market remains dynamic, with increasing competition as automakers and Application providers push for leadership in sustainable, energy-efficient propulsion systems.
In July 2024, Protean Electric, a UK-based leader in in-wheel motor (IWM) technology, announced the production launch of its ProteanDrive Generation 5 (Gen 5) IWM. The Pd18 model features a fully integrated inverter within an 18-inch wheel package, offering enhanced performance, scalability, and affordability.