"Global Automotive In Wheel Market – Industry Trends and Forecast to 2029
Global Automotive In Wheel Market, By Off-Highway (Construction and Mining Equipment, Agriculture Tractors), Vehicle Class (Economy, Mid-Priced, Luxury Priced), End-Use (Aftermarket, OE Market), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), Rim Size (13”-15”, 16”-18”, 19”-21”, >21”), Finish Type (Painted & Polished, Machined Alloy wheel, Two Tonned Alloy, Chromed Alloy, Anodised), Material (Alloy, Aluminium, Magnesium, Steel, Chromed, Carbon Fiber), Product (Regular, High Performance), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
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The automotive in wheel market is expected to witness market growth at a rate of 20.60% in the forecast period of 2022 to 2029. Data Bridge Market Research report on automotive in wheel market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the automotive sector globally is escalating the growth of automotive in wheel market.
**Segments**
- **Technology**: The automotive in-wheel market can be segmented based on technology into BEV (Battery Electric Vehicle) and PHEV (Plug-in Hybrid Electric Vehicle). With the rise in demand for eco-friendly vehicles, the BEV segment is expected to witness significant growth due to zero emissions and lower operating costs. On the other hand, PHEVs offer the advantage of extended driving range without solely relying on internal combustion engines.
- **Vehicle Type**: Another important segmentation of the automotive in-wheel market is based on vehicle type, which includes passenger cars, commercial vehicles, and others. The passenger car segment dominates the market due to increasing consumer preference for electric vehicles in urban areas. Commercial vehicles are also adopting in-wheel technology to reduce fuel consumption and maintenance costs.
- **Sales Channel**: The market can also be segmented based on sales channels such as OEMs (Original Equipment Manufacturers) and aftermarket. OEMs play a crucial role in integrating in-wheel technology into new vehicles during the manufacturing process. The aftermarket segment is gaining traction as more vehicles are retrofitted with in-wheel systems to enhance performance and efficiency.
**Market Players**
- **Protean Electric**: Protean Electric is a key player in the automotive in-wheel market, known for its innovative in-wheel motor technology that improves vehicle efficiency and performance. The company focuses on developing compact and powerful in-wheel motors for electric vehicles, catering to the growing demand for sustainable mobility solutions.
- **Elaphe Propulsion Technologies**: Elaphe Propulsion Technologies is another prominent player specializing in in-wheel propulsion systems for electric and hybrid vehicles. Their advanced in-wheel motors offer high torque, regenerative braking, and seamless integration with existing vehicle platforms, providing a competitive edge in the market.
- **NTN Corporation**: NTN Corporation is a leading manufacturer of automotive components, including in-wheel motors for electric vehicles. The company's in-wheel motor technology enhances vehicle dynamics, energy efficiency, and design flexibility, contributing to the expansion of the electric vehicleProtean Electric, Elaphe Propulsion Technologies, and NTN Corporation are among the key players in the automotive in-wheel market that are driving innovation and shaping the industry landscape. Each of these companies brings unique strengths and capabilities to the market, contributing to the advancement of in-wheel technology for electric and hybrid vehicles.
Protean Electric stands out for its focus on developing compact and powerful in-wheel motors that enhance vehicle efficiency and performance. The company's innovative technology caters to the growing demand for sustainable mobility solutions, particularly in the BEV segment where zero emissions and lower operating costs are key drivers. Protean Electric's motors offer advantages such as improved vehicle dynamics and design flexibility, making them a preferred choice for automakers looking to incorporate in-wheel technology into their electric vehicle offerings.
Elaphe Propulsion Technologies is another notable player in the automotive in-wheel market, known for its advanced propulsion systems designed for electric and hybrid vehicles. The company's in-wheel motors are characterized by high torque, regenerative braking capabilities, and seamless integration with existing vehicle platforms. These features provide a competitive edge to Elaphe Propulsion Technologies, allowing them to meet the performance and efficiency requirements of electric vehicles while offering enhanced driving experiences to consumers. The company's focus on technological innovation and system integration has positioned them as a key player in the market.
NTN Corporation, a leading manufacturer of automotive components, including in-wheel motors for electric vehicles, brings a wealth of experience and expertise to the automotive in-wheel market. The company's in-wheel motor technology is designed to enhance vehicle dynamics, improve energy efficiency, and provide design flexibility for automakers. NTN Corporation's solutions contribute to the expansion of the electric vehicle market by offering reliable and high-performance in-wheel motors that meet the evolving needs of the industry. Their commitment to driving innovation and sustainability in the automotive sector reinforces their position as a trusted partner for OEMs and aftermarket customers seeking cutting-edge in-wheel technology solutions.
In conclusion, Protean Electric, Elaphe Propulsion**Segments**
- **Off-Highway**: The automotive in-wheel market can be further segmented based on off-highway vehicles, including construction and mining equipment, as well as agriculture tractors. In-wheel technology is increasingly being integrated into off-highway vehicles to enhance performance, efficiency, and sustainability. The adoption of in-wheel systems in these segments is driven by the need for improved maneuverability, reduced emissions, and lower operating costs.
- **Vehicle Class**: Another significant segmentation within the automotive in-wheel market is based on vehicle class, which includes economy, mid-priced, and luxury-priced vehicles. Each vehicle class presents unique requirements and preferences for in-wheel technology integration. Economy vehicles often prioritize cost-effectiveness and fuel efficiency, while luxury vehicles focus on performance and driving experience enhancements through in-wheel systems.
- **End-Use**: The market can also be segmented based on end-use, distinguishing between the aftermarket and original equipment (OE) market. The aftermarket sector involves the retrofitting of vehicles with in-wheel technology post-purchase to upgrade performance and efficiency. In contrast, the OE market involves the integration of in-wheel systems into new vehicles during the manufacturing process, reflecting the growing trend of automakers offering electric and hybrid vehicle options.
**Global Automotive In Wheel Market, By Off-Highway (Construction and Mining Equipment, Agriculture Tractors), Vehicle Class (Economy, Mid-Priced, Luxury Priced), End-Use (Aftermarket, OE Market), Vehicle Type (Passenger Vehicle,
A high quality Automotive In Wheel market research report is a definitive solution for the success of business at local, regional as well as international level. All the market factors are described in the report as required to define the topic and provide maximum information for better decision making. Several other factors such as import, export, gross margin, price, cost, and consumption are also analyzed under the section of production, supply, sales and market status. An excellent Automotive In Wheel market report comprises of comprehensive and thorough insights which are based on business intelligence.
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Countries Studied:
- North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Core Objective of Automotive In Wheel Market:
Every firm in the Automotive In Wheel Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Size of the Automotive In Wheel Market and growth rate factors.
- Important changes in the future Automotive In Wheel Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Automotive In Wheel Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Automotive In Wheel top manufacturers profile and sales statistics.
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