| Product Code: ETC5888752 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives is experiencing a significant increase in imports of in-wheel motors, with top exporting countries including China, Bulgaria, USA, India, and Germany. The market concentration, as measured by the HHI, has sharply risen from low levels in 2023 to very high levels in 2024, indicating a shift towards dominant suppliers. The impressive compound annual growth rate (CAGR) of 46.31% from 2020 to 2024 highlights the strong demand for in-wheel motors in the Maldives. Furthermore, the growth rate of 7.84% from 2023 to 2024 suggests continued expansion and opportunities for market players.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives In-Wheel Motor Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives In-Wheel Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives In-Wheel Motor Market - Industry Life Cycle |
3.4 Maldives In-Wheel Motor Market - Porter's Five Forces |
3.5 Maldives In-Wheel Motor Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 Maldives In-Wheel Motor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Maldives In-Wheel Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.8 Maldives In-Wheel Motor Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.9 Maldives In-Wheel Motor Market Revenues & Volume Share, By Power Output Type, 2021 & 2031F |
3.10 Maldives In-Wheel Motor Market Revenues & Volume Share, By Vehicle Class, 2021 & 2031F |
3.11 Maldives In-Wheel Motor Market Revenues & Volume Share, By Motor Weight, 2021 & 2031F |
4 Maldives In-Wheel Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainable transportation solutions |
4.2.2 Growing demand for electric vehicles in the Maldives |
4.2.3 Government incentives and support for renewable energy initiatives |
4.3 Market Restraints |
4.3.1 High initial investment costs for in-wheel motor technology |
4.3.2 Limited infrastructure for electric vehicles in the Maldives |
4.3.3 Lack of awareness and consumer education about in-wheel motor technology |
5 Maldives In-Wheel Motor Market Trends |
6 Maldives In-Wheel Motor Market Segmentations |
6.1 Maldives In-Wheel Motor Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 Maldives In-Wheel Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.1.3 Maldives In-Wheel Motor Market Revenues & Volume, By FCEV, 2021-2031F |
6.1.4 Maldives In-Wheel Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.1.5 Maldives In-Wheel Motor Market Revenues & Volume, By PHEV, 2021-2031F |
6.2 Maldives In-Wheel Motor Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives In-Wheel Motor Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 Maldives In-Wheel Motor Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.3 Maldives In-Wheel Motor Market, By Motor Type |
6.3.1 Overview and Analysis |
6.3.2 Maldives In-Wheel Motor Market Revenues & Volume, By Axial Flux Motor, 2021-2031F |
6.3.3 Maldives In-Wheel Motor Market Revenues & Volume, By Radial Flux Motor, 2021-2031F |
6.4 Maldives In-Wheel Motor Market, By Cooling Type |
6.4.1 Overview and Analysis |
6.4.2 Maldives In-Wheel Motor Market Revenues & Volume, By Air-cooled, 2021-2031F |
6.4.3 Maldives In-Wheel Motor Market Revenues & Volume, By Liquid-cooled, 2021-2031F |
6.5 Maldives In-Wheel Motor Market, By Power Output Type |
6.5.1 Overview and Analysis |
6.5.2 Maldives In-Wheel Motor Market Revenues & Volume, By Up to 60 KW, 2021-2031F |
6.5.3 Maldives In-Wheel Motor Market Revenues & Volume, By 60? ??90 KW, 2021-2031F |
6.5.4 Maldives In-Wheel Motor Market Revenues & Volume, By Above 90 KW, 2021-2031F |
6.6 Maldives In-Wheel Motor Market, By Vehicle Class |
6.6.1 Overview and Analysis |
6.6.2 Maldives In-Wheel Motor Market Revenues & Volume, By Mid-priced, 2021-2031F |
6.6.3 Maldives In-Wheel Motor Market Revenues & Volume, By Luxury, 2021-2031F |
6.7 Maldives In-Wheel Motor Market, By Motor Weight |
6.7.1 Overview and Analysis |
6.7.2 Maldives In-Wheel Motor Market Revenues & Volume, By Less than 20 Kg, 2021-2031F |
6.7.3 Maldives In-Wheel Motor Market Revenues & Volume, By 20-30 Kg, 2021-2031F |
6.7.4 Maldives In-Wheel Motor Market Revenues & Volume, By , 2021-2031F |
7 Maldives In-Wheel Motor Market Import-Export Trade Statistics |
7.1 Maldives In-Wheel Motor Market Export to Major Countries |
7.2 Maldives In-Wheel Motor Market Imports from Major Countries |
8 Maldives In-Wheel Motor Market Key Performance Indicators |
8.1 Percentage increase in electric vehicle registrations in the Maldives |
8.2 Number of charging stations for electric vehicles in the Maldives |
8.3 Growth in renewable energy consumption in the transportation sector |
9 Maldives In-Wheel Motor Market - Opportunity Assessment |
9.1 Maldives In-Wheel Motor Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 Maldives In-Wheel Motor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Maldives In-Wheel Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.4 Maldives In-Wheel Motor Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.5 Maldives In-Wheel Motor Market Opportunity Assessment, By Power Output Type, 2021 & 2031F |
9.6 Maldives In-Wheel Motor Market Opportunity Assessment, By Vehicle Class, 2021 & 2031F |
9.7 Maldives In-Wheel Motor Market Opportunity Assessment, By Motor Weight, 2021 & 2031F |
10 Maldives In-Wheel Motor Market - Competitive Landscape |
10.1 Maldives In-Wheel Motor Market Revenue Share, By Companies, 2024 |
10.2 Maldives In-Wheel Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |