Automotive in-wheel Motors Sales Will Exceed 720 Thousand Units in 2019

BEV to Hold over 7 in 10 Sales of Automotive In-Wheel Motors, Upheld by the Inverter Integration & Miniaturization Trend, finds FMI study

Valley Cottage, United States - February 12, 2019 /MarketersMedia/ —

Automotive in-wheel motors have recorded a remarkable surge in sales in recent years, influenced by multiple factors ranging from greater driving range per charge to elimination of components such as driving and differential shafts. According to a study of Future Market Insights (FMI), the automotive in-wheel motors sales will exceed 720 thousand units in 2019. Affordability of in-wheel motor in terms of power consumption relative to the traditionally employed central drive unit system will continue to uphold its preference by automakers in the near future.

Elimination of unnecessary components is one of the primary adoption determinants of automotive in-wheel motors, as they significantly reduce the weight of battery-electric vehicles (BEVs), while crawling up on vehicle electrification and lightweighting trends. BEV accounted for over 7 in 10 automotive in-wheel motors sold worldwide in 2017, according to the study. A key trend influencing BEV-specific in-wheel motor sales is miniaturization and integration of inverter, which features a compact design.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7677

Automotive in-wheel motors are likely to remain touted as a sustainable future alternative to propulsion systems used in powertrains. With promising future prospects of BEVs, and palpability of optimized hydrogen fuel cell technologies, certainty spotlights automotive in-wheel motors’ promising prospects in the upcoming years.

Passenger Cars Hold Supremacy in Adoption of Automotive In-Wheel Motors

The study opines that passenger cars will continue to retain their reign in the automotive in-wheel motors market, with approximately 637 thousand units expected to be sold in 2019. Key offerings with affordability, such as improved vehicle dynamics and lower design complexity in power transmission to wheel, continue to drive adoption of automotive in-wheel motors in passenger cars. Passenger cars integrated with in-wheel motors enable enhanced traction control, along with torque vectoring functions devoid of added bill-of-materials.

The automotive in-wheel motors market grows in tandem with penetration of electric vehicles is significantly backed by the regulations on vehicle emission, as nearly 20% of these emissions result directly from fuel evaporation. Contribution of these zero emission vehicles to environment pollution is insignificant, despite their indirect impacts during electricity generation and storage.

Automotive In-Wheel Motors Market: Key Players Introducing Novel Solutions to Clasp Greater Share

Key players in the automotive in-wheel motors market have come up with novel solutions to offset latent challenges faced in terms of deployment, operation, and functionality. Companies such as Protean Electric have claimed to have overcome obstructions related to use of automotive in-wheel motors, such as road shocks and additional mass, along with complexity associated with motor control software.

Protean’s new automotive in-wheel motors make drivetrains highly energy-efficient, while increasing the fuel economy over 30%. On the other hand Nissan has developed automotive in-wheel motors for the working prototype of the company’s futuristic concept car. Companies such as Ziehl-Abegg have introduced automotive in-wheel motors that enable application in fuel-cell, battery-operated, and hybrid commercial electric vehicles.

Request to Browse Report Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-7677

Permeation of electrification trend in the automotive space shows no signs of abating, with prospects revolving around motor and charging technologies that are becoming more multipurpose and sophisticated. Robust uptake in electric vehicles worldwide has led automotive OEMs to catch up with efforts on the development of second-generation motors, wherein performance, noise, and efficiency are deemed key imperatives. Higher levels of auto parts integration, and sturdy, compact packaging of powertrain components are some of the imminent developments in the automotive in-wheel motors market.

As benefits of automotive in-wheel motors continue to outweigh challenges faced in their deployment and functionalities, along with efforts toward offsetting the latter, industry leaders have directed their focus on R&D activities. These researches are primary aimed at design developments to impart mechanical, electrical, and thermal stress resistance to the automotive in-wheel motors during their operation.

Request Methodology of this Report @ https://www.futuremarketinsights.com/askus/rep-gb-7677

This FMI study also offers forecast on the automotive in-wheel motors market for the period between 2018 and 2027. The automotive in-wheel motors market will record a staggering CAGR of over 35% through 2027.

More from Automotive & Transportation Market:

Rubber Tracks for Defense & Security Market Forecast 2019

Automotive Windshield Washer System Sales 2019

Automotive Battery Management Systems Production Data

Crawler Excavator Sales Data 2019

Contact Info:
Name: Abhishek Budholiya
Organization: Future Market Insights
Address: 616 Corporate Way,, Suite 2-9018,, Valley Cottage,
Phone: 3479183531
Website: https://www.futuremarketinsights.com/reports/in-wheel-motors-market

Source URL: https://marketersmedia.com/automotive-in-wheel-motors-sales-will-exceed-720-thousand-units-in-2019/481765

Source: MarketersMedia

Release ID: 481765

Latest News

New indictment expands case against Nissan ex-chair Ghosn

Apr 22, 2019

TOKYO — Japanese prosecutors said Monday they have indicted Nissan's former chairman Carlos Ghosn with additional charges of breach of trust, with his alleged misconduct expanding outside Japan. The charges filed Monday are his fourth. They are related to payments by a subsidiary of the Japanese automaker that allegedly went to a private investment company controlled by Ghosn. Prosecutors would not confirm details of the charges. The indictment was expected and it ensures he will remain in detention longer. His current period of detention would have expired Monday if he had not been charged. Nissan Motor Co. said Monday in...

Asian markets lower, oil rises on Iran concerns

Apr 22, 2019

BEIJING — Asian stock markets were mostly lower while oil prices surged for a second day Monday following reports Washington wants to block Iranian exports. Tokyo's benchmark edged up while Shanghai, Seoul and India retreated. Hong Kong and Sydney were closed for the holiday. On Wall Street, the benchmark Standard & Poor's 500 index ended a shortened trading week Thursday snapping a winning streak of three weekly gains. Investors looked ahead to U.S. quarterly gross domestic product due out Friday. Also this week, the United States reports new home sales Tuesday while Japan announces factory output on Friday. "The broad...

China's Huawei says 1Q sales up 39%

Apr 22, 2019

BEIJING — Chinese tech giant Huawei said Monday its revenue rose 39% over a year earlier in the latest quarter despite U.S. pressure on allies to shun its telecom technology as a security risk. Huawei, the biggest global maker of network equipment for phone and internet companies, on Monday reported revenue of 179.7 billion yuan ($26.8 billion) for the first three months of the year. Washington's pressure on allies to avoid Huawei, China's first global tech brand, threatens to block access to Europe and other markets as carriers prepare to invest billions of dollars in next-generation technology. The company denies...

Asian markets mixed in post-Easter trading

Apr 22, 2019

BEIJING — Asian stock markets were mixed Monday following the Easter holiday weekend as investors looked ahead to U.S. and Japanese economic data. Benchmarks in Tokyo and Seoul gained while Shanghai retreated. Hong Kong and Sydney were closed for the holiday. On Wall Street, the benchmark Standard & Poor's 500 index ended a shortened trading week on Thursday snapping a winning streak of three weekly gains. Investors looked ahead to U.S. quarterly gross domestic product due out Friday. The United States reports new home sales Tuesday while Japan announces factory output on Friday. "The broad expectation is for U.S. indices...

Liverpool returns to top spot; Everton humiliates Man United

Apr 22, 2019

LONDON — Before returning to the top of the Premier League, Liverpool got to savor a Manchester United humiliation. Now, unusually, Liverpool needs a swift recovery by its great rival after United's despair at being routed 4-0 by Everton on Sunday. Liverpool's hopes of ending a 29-year English title drought could hinge on a big favor from sixth-place United when it hosts Manchester City on Wednesday. After beating Cardiff 2-0 on Sunday, Liverpool is two points ahead of City with three games remaining. But Pep Guardiola's champions have a game in hand over Liverpool so defending the title is still...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!