In-wheel Motor Market

By Propulsion;

BEV, FCEV, HEV and PHEV

By Vehicle Type;

Passenger Car and Commercial Vehicle

By Motor Type;

Axial Flux Motor and Radial Flux Motor

By Cooling Type;

Air Cooling and Liquid Cooling

By Power Output Type;

Upto 60 KW, 60–90 KW and Above 90 KW

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn651810537 Published Date: August, 2025

In-Wheel Motor Market Overview

In-Wheel Motor Market (USD Million)

In-Wheel Motor Market was valued at USD 1,498.49 million in the year 2024. The size of this market is expected to increase to USD 6,908.69 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 24.4%.


In-wheel Motor Market

*Market size in USD million

CAGR 24.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)24.4 %
Market Size (2024)USD 1,498.49 Million
Market Size (2031)USD 6,908.69 Million
Market ConcentrationLow
Report Pages347
1,498.49
2024
6,908.69
2031

Major Players

  • Protean Electric
  • Elaphe Propulsion Technologies
  • Ziehl-Abegg Automotive
  • NTN Corporation
  • Printed Motor Works
  • GEM Motors
  • e-Traction
  • Schaeffler Technologies AG & Co. KG
  • QS Motor
  • NSK Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

In-wheel Motor Market

Fragmented - Highly competitive market without dominant players


The In-Wheel Motor Market is expanding rapidly due to growing interest in compact electric drivetrain solutions. As EV architecture continues to evolve, in-wheel motors have become a key enabler of efficiency and design optimization. Their adoption has risen by over 30%, driven by improvements in torque distribution and vehicle integration flexibility.

Functional Efficiency and Design Advantages
By replacing conventional drivetrain elements, in-wheel motors enhance energy transfer and reduce mechanical losses. These benefits are becoming evident, with 35% of advanced EV prototypes adopting in-wheel systems. Their ability to deliver precise torque control and modular scalability makes them highly suitable for performance-oriented EVs.

Innovation in Electric Mobility
Technological progress in high-performance motor materials and embedded electronics is enhancing system durability and functionality. Currently, over 40% of innovative EV prototypes feature smart braking and thermal management within in-wheel motors. This trend aligns with the rise in modular and intelligent vehicle platforms in the electric mobility ecosystem.

Industry Investment and Expansion Drivers
Growing investment in sustainable automotive propulsion is pushing demand for in-wheel motor integration. With a 22% rise in EV-focused R&D, OEMs are prioritizing lightweight, scalable, and high-efficiency solutions. This market momentum signals a promising growth trajectory as in-wheel motors transition from niche applications to broader EV adoption.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Propulsion
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Motor Type
    4. Market Snapshot, By Cooling Type
    5. Market Snapshot, By Power Output Type
    6. Market Snapshot, By Region
  4. In-Wheel Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand for compact and lightweight EV solutions
        2. Improved vehicle control and torque distribution
        3. Rising focus on efficient drivetrain systems
        4. Advancements in wheel-integrated motor designs
      2. Restraints
        1. Heat dissipation challenges in compact setups
        2. Higher unsprung mass affects ride quality
        3. Complexity in maintenance and servicing
        4. Limited adoption in high-speed vehicle segments
      3. Opportunities
        1. Growth in electric two-wheelers and micro-EVs
        2. Integration with autonomous and smart vehicles
        3. Emerging use in delivery and urban fleets
        4. Innovation in modular, scalable motor platforms
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. In-Wheel Motor Market, By Propulsion, 2021 - 2031 (USD Million)
      1. BEV
      2. FCEV
      3. HEV
      4. PHEV
    2. In-Wheel Motor Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Car
      2. Commercial Vehicle
    3. In-Wheel Motor Market, By Motor Type, 2021 - 2031 (USD Million)
      1. Axial Flux Motor
      2. Radial Flux Motor
    4. In-Wheel Motor Market, By Cooling Type, 2021 - 2031 (USD Million)
      1. Air Cooling
      2. Liquid Cooling
    5. In-Wheel Motor Market, By Power Output Type, 2021 - 2031 (USD Million)
      1. Upto 60 KW
      2. 60-90 KW
      3. Above 90 KW
    6. In-Wheel Motor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Protean Electric
      2. Elaphe Propulsion Technologies
      3. Ziehl-Abegg Automotive
      4. NTN Corporation
      5. Printed Motor Works
      6. GEM Motors
      7. e-Traction
      8. Schaeffler Technologies AG & Co. KG
      9. QS Motor
      10. NSK Ltd.
  7. Analyst Views
  8. Future Outlook of the Market