Product ID: SQMIG25A2133
In-Wheel Motors Market Size, Share, Growth Analysis, By Propulsion Type(Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV)), By Application(Passenger Vehicles, Commercial vehicles) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2133 |
Region:
Global |
Published Date: July, 2036
Pages:
253
|
Tables:
63 |
Figures:
75
In-Wheel Motors Market Dynamics
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.
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