| Product Code: ETC5888734 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import trend for the Iceland in-wheel motor market in Iceland saw a steady increase from 2018 to 2020, with a notable surge in imports of these products in 2019. However, there was a slight decline in imports in 2020 compared to the previous year.

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 Iceland In-Wheel Motor Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland In-Wheel Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Iceland In-Wheel Motor Market - Industry Life Cycle |
3.4 Iceland In-Wheel Motor Market - Porter's Five Forces |
3.5 Iceland In-Wheel Motor Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 Iceland In-Wheel Motor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Iceland In-Wheel Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.8 Iceland In-Wheel Motor Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.9 Iceland In-Wheel Motor Market Revenues & Volume Share, By Power Output Type, 2021 & 2031F |
3.10 Iceland In-Wheel Motor Market Revenues & Volume Share, By Vehicle Class, 2021 & 2031F |
3.11 Iceland In-Wheel Motor Market Revenues & Volume Share, By Motor Weight, 2021 & 2031F |
4 Iceland In-Wheel Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increased demand for electric vehicles in Iceland |
4.2.2 Government incentives and subsidies for electric vehicle adoption |
4.2.3 Growing focus on reducing carbon emissions and promoting sustainable transportation |
4.3 Market Restraints |
4.3.1 High initial cost of in-wheel motors compared to traditional internal combustion engines |
4.3.2 Limited availability of charging infrastructure in Iceland |
4.3.3 Concerns about the performance and durability of in-wheel motors in harsh weather conditions |
5 Iceland In-Wheel Motor Market Trends |
6 Iceland In-Wheel Motor Market Segmentations |
6.1 Iceland In-Wheel Motor Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 Iceland In-Wheel Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.1.3 Iceland In-Wheel Motor Market Revenues & Volume, By FCEV, 2021-2031F |
6.1.4 Iceland In-Wheel Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.1.5 Iceland In-Wheel Motor Market Revenues & Volume, By PHEV, 2021-2031F |
6.2 Iceland In-Wheel Motor Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Iceland In-Wheel Motor Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 Iceland In-Wheel Motor Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.3 Iceland In-Wheel Motor Market, By Motor Type |
6.3.1 Overview and Analysis |
6.3.2 Iceland In-Wheel Motor Market Revenues & Volume, By Axial Flux Motor, 2021-2031F |
6.3.3 Iceland In-Wheel Motor Market Revenues & Volume, By Radial Flux Motor, 2021-2031F |
6.4 Iceland In-Wheel Motor Market, By Cooling Type |
6.4.1 Overview and Analysis |
6.4.2 Iceland In-Wheel Motor Market Revenues & Volume, By Air-cooled, 2021-2031F |
6.4.3 Iceland In-Wheel Motor Market Revenues & Volume, By Liquid-cooled, 2021-2031F |
6.5 Iceland In-Wheel Motor Market, By Power Output Type |
6.5.1 Overview and Analysis |
6.5.2 Iceland In-Wheel Motor Market Revenues & Volume, By Up to 60 KW, 2021-2031F |
6.5.3 Iceland In-Wheel Motor Market Revenues & Volume, By 60? ??90 KW, 2021-2031F |
6.5.4 Iceland In-Wheel Motor Market Revenues & Volume, By Above 90 KW, 2021-2031F |
6.6 Iceland In-Wheel Motor Market, By Vehicle Class |
6.6.1 Overview and Analysis |
6.6.2 Iceland In-Wheel Motor Market Revenues & Volume, By Mid-priced, 2021-2031F |
6.6.3 Iceland In-Wheel Motor Market Revenues & Volume, By Luxury, 2021-2031F |
6.7 Iceland In-Wheel Motor Market, By Motor Weight |
6.7.1 Overview and Analysis |
6.7.2 Iceland In-Wheel Motor Market Revenues & Volume, By Less than 20 Kg, 2021-2031F |
6.7.3 Iceland In-Wheel Motor Market Revenues & Volume, By 20-30 Kg, 2021-2031F |
6.7.4 Iceland In-Wheel Motor Market Revenues & Volume, By , 2021-2031F |
7 Iceland In-Wheel Motor Market Import-Export Trade Statistics |
7.1 Iceland In-Wheel Motor Market Export to Major Countries |
7.2 Iceland In-Wheel Motor Market Imports from Major Countries |
8 Iceland In-Wheel Motor Market Key Performance Indicators |
8.1 Average charging time for in-wheel motors |
8.2 Number of charging stations per capita in Iceland |
8.3 Percentage of electric vehicles on the road in Iceland that are equipped with in-wheel motors |
9 Iceland In-Wheel Motor Market - Opportunity Assessment |
9.1 Iceland In-Wheel Motor Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 Iceland In-Wheel Motor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Iceland In-Wheel Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.4 Iceland In-Wheel Motor Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.5 Iceland In-Wheel Motor Market Opportunity Assessment, By Power Output Type, 2021 & 2031F |
9.6 Iceland In-Wheel Motor Market Opportunity Assessment, By Vehicle Class, 2021 & 2031F |
9.7 Iceland In-Wheel Motor Market Opportunity Assessment, By Motor Weight, 2021 & 2031F |
10 Iceland In-Wheel Motor Market - Competitive Landscape |
10.1 Iceland In-Wheel Motor Market Revenue Share, By Companies, 2024 |
10.2 Iceland 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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