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

More News From The World Insiders

Crowd of strangers says goodbye to El Paso shooting victim

Aug 18, 2019

EL PASO, Texas — Thousands of strangers from Los Angeles to Tucson have come to El Paso, Texas, to say goodbye to an El Paso shooting victim after hearing that she had few family members. Antonio Basco is scheduled Saturday to bury his long-time companion, 63-year-old Margie Reckard, who was killed by a gunman who opened fire at an El Paso Walmart this month. Attendees waited more than two hours in 100-degree (38 Celsius) temperatures on Friday after Basco invited the public to attend her companion's funeral. Angelique Tadeo of Tucson, Arizona says she and her husband, Paul, and their...

Signs of recession worry Trump ahead of 2020

Aug 18, 2019

WASHINGTON — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look so good come Election Day. The financial markets signaled the possibility of a U.S. recession this week, sending a jolt of anxiety to investors, companies and consumers. That's on top of concerns over Trump's plans to impose punishing tariffs on goods from China and word from the United Kingdom and Germany that their...

Hundreds arrive to honor El Paso victim after public invited

Aug 18, 2019

EL PASO, Texas — When Jordan Ballard read that one of the victims of the El Paso massacre had few relatives and the public was invited to her funeral, the Los Angeles resident bought a plane ticket and flew to Texas to honor a woman she had never met. She was one of hundreds of strangers who braved 100-degree (38 Celsius) heat to pay their respects to 63-year-old Margie Reckard. Feeling heartbroken and alone after her death, Reckard's companion of 22 years, Antonio Basco, had welcomed anyone to attend. "I arrived here this morning," said Ballard, 38, who lived in...

Java still a no-no for Mormons despite fancy coffee names

Aug 18, 2019

SALT LAKE CITY — The Church of Jesus Christ of Latter-day Saints has issued a warning to members that coffee is prohibited no matter how fancy the name, that vaping is banned despite the alluring flavors and that marijuana is outlawed unless prescribed by "competent" doctors. The new guidance in the August issue of a church youth magazine does not include fundamental changes to the religion's strict health code, but the clarifications are significant and seem to reflect growing concern about young Latter-day Saints' adherence to the rules. The article says it aims to clear up issues that could be...

Trump meets with national security team on Afghanistan

Aug 18, 2019

BERKELEY HEIGHTS, N.J. — Secretary of State Mike Pompeo and other members of the national security team briefed President Donald Trump on Friday on the state of peace negotiations in Afghanistan, with Pompeo saying afterward that "led by the president, we are working diligently on the path forward." Trump, who is spending most of the week at his golf club in New Jersey, has long been skeptical of the need to keep a U.S. military presence in Afghanistan, where U.S. troops have been fighting since 2001. The war has taken more than 2,400 American lives. White House spokesman Hogan Gidley...

About Us

The World Insiders brings you exclusive coverage from across the globe in a timely, easy to consume format sourced directly from our regional media partners.

Contact us: sales[at]theworldinsiders.com

Subscribe Now!