Product Code: ETC4574185 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India in-wheel motor market import shipment experienced a steady growth trend with a CAGR of 3.5% from 2020 to 2024. Notably, there was a significant acceleration in growth between 2023 and 2024, with a growth rate of 31.5%. The market demonstrated expanding momentum, indicating a positive trajectory during the specified periods.
The India In-Wheel Motor Market focuses on innovative electric propulsion systems that integrate motors directly into a vehicle`s wheels. This technology contributes to lightweight and compact electric powertrains, which are crucial for electric vehicles. As electric mobility gains traction in India, the in-wheel motor market is growing, offering advantages such as improved efficiency, regenerative braking, and enhanced design flexibility. This market plays a pivotal role in the development of electric vehicles in the country.
The electric vehicle market`s growth drives the demand for in-wheel motors, as they provide a compact and efficient solution for electric propulsion. Environmental regulations, increased awareness of sustainable transportation, and urban mobility are propelling the in-wheel motor market.
Challenges in the India in-wheel motor market revolve around increasing adoption and integration of this technology into vehicles. These challenges include optimizing the design to enhance efficiency and reduce the additional weight of in-wheel motors. Developing robust infrastructure for maintenance and repair, along with addressing potential concerns related to ride comfort and handling dynamics, is essential to ensure market acceptance and growth.
The COVID-19 pandemic disrupted the India In-Wheel Motor Market by causing production delays and affecting vehicle sales. However, the transition to electric and hybrid vehicles, coupled with the demand for compact and efficient propulsion systems, is expected to drive the in-wheel motor market`s growth.
Key manufacturers in the India in-wheel motor market are Protean Electric, ZIEHL-ABEGG, and Elaphe Propulsion Technologies.
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 India In-Wheel Motor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India In-Wheel Motor Market Revenues & Volume, 2021 & 2031F |
3.3 India In-Wheel Motor Market - Industry Life Cycle |
3.4 India In-Wheel Motor Market - Porter's Five Forces |
3.5 India In-Wheel Motor Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 India In-Wheel Motor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 India In-Wheel Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.8 India In-Wheel Motor Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.9 India In-Wheel Motor Market Revenues & Volume Share, By Power Output Type, 2021 & 2031F |
3.10 India In-Wheel Motor Market Revenues & Volume Share, By Vehicle Class, 2021 & 2031F |
3.11 India In-Wheel Motor Market Revenues & Volume Share, By Motor Weight, 2021 & 2031F |
4 India In-Wheel Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in India |
4.2.2 Government initiatives and incentives to promote electric mobility |
4.2.3 Growing awareness about environmental sustainability and reducing carbon emissions |
4.3 Market Restraints |
4.3.1 High initial costs associated with in-wheel motor technology |
4.3.2 Limited availability of charging infrastructure in India |
4.3.3 Technological challenges related to efficiency and reliability of in-wheel motors |
5 India In-Wheel Motor Market Trends |
6 India In-Wheel Motor Market, By Types |
6.1 India In-Wheel Motor Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 India In-Wheel Motor Market Revenues & Volume, By Propulsion, 2021-2031F |
6.1.3 India In-Wheel Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.1.4 India In-Wheel Motor Market Revenues & Volume, By FCEV, 2021-2031F |
6.1.5 India In-Wheel Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.1.6 India In-Wheel Motor Market Revenues & Volume, By PHEV, 2021-2031F |
6.2 India In-Wheel Motor Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 India In-Wheel Motor Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 India In-Wheel Motor Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.3 India In-Wheel Motor Market, By Motor Type |
6.3.1 Overview and Analysis |
6.3.2 India In-Wheel Motor Market Revenues & Volume, By Axial Flux Motor, 2021-2031F |
6.3.3 India In-Wheel Motor Market Revenues & Volume, By Radial Flux Motor, 2021-2031F |
6.4 India In-Wheel Motor Market, By Cooling Type |
6.4.1 Overview and Analysis |
6.4.2 India In-Wheel Motor Market Revenues & Volume, By Air-cooled, 2021-2031F |
6.4.3 India In-Wheel Motor Market Revenues & Volume, By Liquid-cooled, 2021-2031F |
6.5 India In-Wheel Motor Market, By Power Output Type |
6.5.1 Overview and Analysis |
6.5.2 India In-Wheel Motor Market Revenues & Volume, By Up to 60 KW, 2021-2031F |
6.5.3 India In-Wheel Motor Market Revenues & Volume, By 60??90 KW, 2021-2031F |
6.5.4 India In-Wheel Motor Market Revenues & Volume, By Above 90 KW, 2021-2031F |
6.6 India In-Wheel Motor Market, By Vehicle Class |
6.6.1 Overview and Analysis |
6.6.2 India In-Wheel Motor Market Revenues & Volume, By Mid-priced, 2021-2031F |
6.6.3 India In-Wheel Motor Market Revenues & Volume, By Luxury, 2021-2031F |
6.7 India In-Wheel Motor Market, By Motor Weight |
6.7.1 Overview and Analysis |
6.7.2 India In-Wheel Motor Market Revenues & Volume, By Less than 20 Kg, 2021-2031F |
6.7.3 India In-Wheel Motor Market Revenues & Volume, By 20-30 Kg, 2021-2031F |
6.7.4 India In-Wheel Motor Market Revenues & Volume, By , 2021-2031F |
7 India In-Wheel Motor Market Import-Export Trade Statistics |
7.1 India In-Wheel Motor Market Export to Major Countries |
7.2 India In-Wheel Motor Market Imports from Major Countries |
8 India In-Wheel Motor Market Key Performance Indicators |
8.1 Average battery range per charge |
8.2 Number of electric vehicle models equipped with in-wheel motors |
8.3 Adoption rate of electric vehicles with in-wheel motors |
8.4 Investment in research and development for in-wheel motor technology |
9 India In-Wheel Motor Market - Opportunity Assessment |
9.1 India In-Wheel Motor Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 India In-Wheel Motor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 India In-Wheel Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.4 India In-Wheel Motor Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.5 India In-Wheel Motor Market Opportunity Assessment, By Power Output Type, 2021 & 2031F |
9.6 India In-Wheel Motor Market Opportunity Assessment, By Vehicle Class, 2021 & 2031F |
9.7 India In-Wheel Motor Market Opportunity Assessment, By Motor Weight, 2021 & 2031F |
10 India In-Wheel Motor Market - Competitive Landscape |
10.1 India In-Wheel Motor Market Revenue Share, By Companies, 2024 |
10.2 India In-Wheel Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |