| Product Code: ETC5888733 | 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 market for in-wheel motor imports in Hong Kong in 2024 continued to be dominated by top exporters such as China, Thailand, Japan, India, and Singapore. Despite a high concentration level measured by the HHI index, the overall market saw a decline with a CAGR of -6.85% from 2020 to 2024. The growth rate in 2024 experienced a significant drop of -39.9%, reflecting challenges faced by the industry. This suggests a need for market players to adapt to changing dynamics and explore strategies to stimulate growth in the coming years.

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 Hong Kong In-Wheel Motor Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong In-Wheel Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong In-Wheel Motor Market - Industry Life Cycle |
3.4 Hong Kong In-Wheel Motor Market - Porter's Five Forces |
3.5 Hong Kong In-Wheel Motor Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 Hong Kong In-Wheel Motor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Hong Kong In-Wheel Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.8 Hong Kong In-Wheel Motor Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.9 Hong Kong In-Wheel Motor Market Revenues & Volume Share, By Power Output Type, 2021 & 2031F |
3.10 Hong Kong In-Wheel Motor Market Revenues & Volume Share, By Vehicle Class, 2021 & 2031F |
3.11 Hong Kong In-Wheel Motor Market Revenues & Volume Share, By Motor Weight, 2021 & 2031F |
4 Hong Kong In-Wheel Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Hong Kong due to environmental concerns and government incentives. |
4.2.2 Growing focus on reducing carbon emissions and promoting sustainable transportation solutions. |
4.2.3 Technological advancements in in-wheel motor technology leading to improved performance and efficiency. |
4.3 Market Restraints |
4.3.1 High initial costs associated with in-wheel motors compared to traditional propulsion systems. |
4.3.2 Limited infrastructure for electric vehicles, including charging stations, impacting the adoption of in-wheel motors. |
4.3.3 Concerns regarding the reliability and durability of in-wheel motors in varying road and weather conditions. |
5 Hong Kong In-Wheel Motor Market Trends |
6 Hong Kong In-Wheel Motor Market Segmentations |
6.1 Hong Kong In-Wheel Motor Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong In-Wheel Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.1.3 Hong Kong In-Wheel Motor Market Revenues & Volume, By FCEV, 2021-2031F |
6.1.4 Hong Kong In-Wheel Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.1.5 Hong Kong In-Wheel Motor Market Revenues & Volume, By PHEV, 2021-2031F |
6.2 Hong Kong In-Wheel Motor Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong In-Wheel Motor Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 Hong Kong In-Wheel Motor Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.3 Hong Kong In-Wheel Motor Market, By Motor Type |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong In-Wheel Motor Market Revenues & Volume, By Axial Flux Motor, 2021-2031F |
6.3.3 Hong Kong In-Wheel Motor Market Revenues & Volume, By Radial Flux Motor, 2021-2031F |
6.4 Hong Kong In-Wheel Motor Market, By Cooling Type |
6.4.1 Overview and Analysis |
6.4.2 Hong Kong In-Wheel Motor Market Revenues & Volume, By Air-cooled, 2021-2031F |
6.4.3 Hong Kong In-Wheel Motor Market Revenues & Volume, By Liquid-cooled, 2021-2031F |
6.5 Hong Kong In-Wheel Motor Market, By Power Output Type |
6.5.1 Overview and Analysis |
6.5.2 Hong Kong In-Wheel Motor Market Revenues & Volume, By Up to 60 KW, 2021-2031F |
6.5.3 Hong Kong In-Wheel Motor Market Revenues & Volume, By 60? ??90 KW, 2021-2031F |
6.5.4 Hong Kong In-Wheel Motor Market Revenues & Volume, By Above 90 KW, 2021-2031F |
6.6 Hong Kong In-Wheel Motor Market, By Vehicle Class |
6.6.1 Overview and Analysis |
6.6.2 Hong Kong In-Wheel Motor Market Revenues & Volume, By Mid-priced, 2021-2031F |
6.6.3 Hong Kong In-Wheel Motor Market Revenues & Volume, By Luxury, 2021-2031F |
6.7 Hong Kong In-Wheel Motor Market, By Motor Weight |
6.7.1 Overview and Analysis |
6.7.2 Hong Kong In-Wheel Motor Market Revenues & Volume, By Less than 20 Kg, 2021-2031F |
6.7.3 Hong Kong In-Wheel Motor Market Revenues & Volume, By 20-30 Kg, 2021-2031F |
6.7.4 Hong Kong In-Wheel Motor Market Revenues & Volume, By , 2021-2031F |
7 Hong Kong In-Wheel Motor Market Import-Export Trade Statistics |
7.1 Hong Kong In-Wheel Motor Market Export to Major Countries |
7.2 Hong Kong In-Wheel Motor Market Imports from Major Countries |
8 Hong Kong In-Wheel Motor Market Key Performance Indicators |
8.1 Average distance traveled per charge by vehicles equipped with in-wheel motors. |
8.2 Adoption rate of electric vehicles using in-wheel motors compared to other propulsion systems. |
8.3 Efficiency gains achieved by vehicles using in-wheel motors in terms of energy consumption per mile. |
9 Hong Kong In-Wheel Motor Market - Opportunity Assessment |
9.1 Hong Kong In-Wheel Motor Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 Hong Kong In-Wheel Motor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Hong Kong In-Wheel Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.4 Hong Kong In-Wheel Motor Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.5 Hong Kong In-Wheel Motor Market Opportunity Assessment, By Power Output Type, 2021 & 2031F |
9.6 Hong Kong In-Wheel Motor Market Opportunity Assessment, By Vehicle Class, 2021 & 2031F |
9.7 Hong Kong In-Wheel Motor Market Opportunity Assessment, By Motor Weight, 2021 & 2031F |
10 Hong Kong In-Wheel Motor Market - Competitive Landscape |
10.1 Hong Kong In-Wheel Motor Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong In-Wheel Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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