Press release
In-Wheel Motor Market with Covid-19 Pandemic Analysis, Growth Rate, New Trend Analysis Forecast To 2031
According to the report published by Allied Market Research, the global in-wheel motor market generated $577.20 million in 2020, and is estimated to generate $12.04 billion by 2030, witnessing a CAGR of 35.8% from 2021 to 2030. The report provides a comprehensive analysis of changing market trends, key segments, top investment pockets, value chain, regional scenario, and competitive landscape.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10702
High demand for safety and convenience features, increase in demand for electric vehicles, and stringent safety regulations set by the government for the automotive industry drive the growth of the global in-wheel motor market. However, high manufacturing cost and decrease in global vehicle production hinder the market growth. On the other hand, increase in number of applications regarding the use of electric motors and surge in penetration of electric vehicles present new opportunities in the coming years.
Covid-19 Scenario:
Production activities of in-wheel motor stopped due to lockdown restrictions implemented by governments across many countries during the Covid-19 pandemic. The automotive companies have been facing various issues in production due to mandated plant closures by governments. Moreover, raw materials shortage and supply chain disruptions presented challenges in production with full capacity.
Owing to halt in operations in the automotive industry, the demand for in-wheel motors in production of commercial vehicles and passenger cars reduced significantly. However, the demand is estimated to grow steadily during post-lockdown as daily operations restart.
Interested to Procure The Data? Inquire here at
https://www.alliedmarketresearch.com/purchase-enquiry/10702
Based on region, Asia-Pacific accounted for the largest share in terms of revenue in 2020, contributing to more than half of the total share, and is estimated to continue its lead by 2030. However, LAMEA is estimated to witness the highest CAGR of 40.2% during the forecast period.
Leading players of the global in-wheel motor market analyzed in the research include Ecomove GmbH, e-Traction B.V., Elaphe Ltd., MW Motors, Lordstown Motors, NTN Corporation, NSK, Nissan Motor Company, LTD., Schaeffler AG, and Ziehl-Abegg SE.
Browse Complete Report at
https://www.alliedmarketresearch.com/automotive-in-wheel-motors-market-A10337
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10702
High demand for safety and convenience features, increase in demand for electric vehicles, and stringent safety regulations set by the government for the automotive industry drive the growth of the global in-wheel motor market. However, high manufacturing cost and decrease in global vehicle production hinder the market growth. On the other hand, increase in number of applications regarding the use of electric motors and surge in penetration of electric vehicles present new opportunities in the coming years.
Covid-19 Scenario:
Production activities of in-wheel motor stopped due to lockdown restrictions implemented by governments across many countries during the Covid-19 pandemic. The automotive companies have been facing various issues in production due to mandated plant closures by governments. Moreover, raw materials shortage and supply chain disruptions presented challenges in production with full capacity.
Owing to halt in operations in the automotive industry, the demand for in-wheel motors in production of commercial vehicles and passenger cars reduced significantly. However, the demand is estimated to grow steadily during post-lockdown as daily operations restart.
Interested to Procure The Data? Inquire here at
https://www.alliedmarketresearch.com/purchase-enquiry/10702
Based on region, Asia-Pacific accounted for the largest share in terms of revenue in 2020, contributing to more than half of the total share, and is estimated to continue its lead by 2030. However, LAMEA is estimated to witness the highest CAGR of 40.2% during the forecast period.
Leading players of the global in-wheel motor market analyzed in the research include Ecomove GmbH, e-Traction B.V., Elaphe Ltd., MW Motors, Lordstown Motors, NTN Corporation, NSK, Nissan Motor Company, LTD., Schaeffler AG, and Ziehl-Abegg SE.
Browse Complete Report at
https://www.alliedmarketresearch.com/automotive-in-wheel-motors-market-A10337
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
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