In-Wheel Motors Market Trends

In-Wheel Motors Market Driver

The rapid expansion of the electric vehicle market is driving the demand in-wheel motor market.

• Rapid expansion of the electric vehicle market. Manufacturers throughout the world have been forced to increase the production of electric vehicles due to factors like rising demand for low emissions and government rules encouraging long-range, zero-emission vehicles through subsidies and tax refunds. The demand for electric vehicle parts and components is skyrocketing globally with the growing popularity of these vehicles. These are some of the major factors propelling the market growth.

In-Wheel Motors Market Restraint

Increasing unsprung weight and high cost can limit vehicle use of in-wheel motors that will retrain the in-wheel motor market growth.

• To improve ride quality, automakers reduce unsprung mass. In-wheel motors increase unsprung weight, hence reducing ride comfort. Increasing unsprung weight and high cost could limit vehicle use of in-wheel motors which will retrain the in-wheel motor market growth during the analysis period.