Two-wheeler In-wheel Motor Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 5.4 Billion by 2030, growing at a CAGR of 20.8% from 2024 to 2030.
The demand for two-wheeler in-wheel motors is projected to see a notable increase from 2023 to 2033. One of the primary drivers of this expected surge is the transition towards electric two-wheelers globally. Governments' growing focus on reducing carbon emissions, combined with consumer preferences for eco-friendly transportation options, is pushing the industry towards rapid adoption. The expansion of urban mobility solutions and the need for last-mile connectivity are also significant contributors. These factors are expected to drive the market to reach nearly USD 2 billion by 2033.
Another crucial trend influencing this market's future is the innovation in motor technology. Over the last few years, improvements in power density, torque, and the compactness of in-wheel motors have allowed manufacturers to offer high-performance products. The adoption of solid-state batteries and other energy-efficient solutions will likely enhance the market, making electric two-wheelers even more appealing to consumers. Additionally, increasing investments from leading automotive companies and the establishment of new manufacturing plants will further propel market growth.
The rising awareness of the environmental impact of internal combustion engine vehicles, coupled with attractive government incentives for electric vehicles, is expected to make electric two-wheelers a mainstream mode of transport. Consumer interest in electric scooters and motorcycles, especially in Asian markets like India and China, is gaining momentum due to affordability and technological advancements in in-wheel motors.
As the market evolves, key players are continually pushing the envelope on innovation, making electric two-wheelers a compelling alternative to traditional vehicles. With numerous upcoming models equipped with in-wheel motors, both developed and emerging markets will see accelerated growth in demand, driving the overall expansion of the two-wheeler in-wheel motor market.
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The two-wheeler in-wheel motor market has seen significant growth between 2018 and 2022, with advancements in technology and the rise of electric vehicles (EVs) driving demand. The integration of in-wheel motors, which are integrated directly into the wheel hubs of vehicles, provides higher efficiency, better energy management, and improved performance for electric motorcycles and scooters. In 2022, the market was valued at approximately USD 700 million, with forecasts showing steady growth in the coming years. The increasing demand for electric vehicles, coupled with the growing emphasis on sustainable transportation solutions, is expected to fuel the market further.
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Bosch
Elaphe
GEM Motors
QS Motor
TM4
Heinzmann GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Two-wheeler In-wheel Motor Market
E-scooter
E-motorcycle
Others
Based on Types the Market is categorized into Below types that held the largest Two-wheeler In-wheel Motor market share In 2023.
Outer Rotor Type
Inner Rotor Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Two-wheeler In-wheel Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Two-wheeler In-wheel Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Two-wheeler In-wheel Motor Market, By Type
6. Global Two-wheeler In-wheel Motor Market, By Application
7. Global Two-wheeler In-wheel Motor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Two-wheeler In-wheel Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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