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 Finance - Asia Logue

China bars millions from travel for 'social credit' offenses

Feb 22, 2019

BEIJING — Forgot to pay a fine in China? Then forget about buying an airline ticket. Would-be air travelers were blocked from buying tickets 17.5 million times last year under a controversial "social credit" system the ruling Communist Party says will improve public behavior. Some 5.5 million people were barred from buying train tickets, according to the National Public Credit Information Center. In an annual report, it said 128 people were blocked from leaving China because they were behind on their taxes. The ruling party says penalties and rewards under "social credit" will improve order in a fast-changing society. Three...

China's new policy against gender bias meets fans, sceptics

Feb 22, 2019

BEIJING — China has announced new measures against gender discrimination in Chinese workplaces that forbid employers from asking potential female hires questions such as if they are married or have children. At some companies in China, the answers to these questions can be disqualifying. Other firms are explicit in their job postings that they are looking only for men. Many welcomed the government notice, published Thursday, which forbids companies and recruitment agencies from taking certain discriminatory actions against female employees and job candidates. But female workers and analysts alike were skeptical that such measures could be strictly enforced. "A notice...

Global stocks mostly rise ahead of US-China tariff war talks

Feb 22, 2019

BEIJING — Most global stock markets rose Thursday as U.S. and Chinese officials entered two days of negotiations aimed at ending a bruising tariff battle. In midday trading in Europe, Britain's FTSE 100 fell 0.7 percent to 7,178 after EU Commission President Jean-Claude Juncker said he remains downbeat on the prospect of Britain avoiding a chaotic exit from the bloc next month. Germany's DAX index advanced 0.4 percent to 11,443 while France's CAC 40 added 0.1 percent to 5,201. On Wall Street, the future for the Standard & Poor's 500 index was roughly unchanged. The future for the Dow Jones...

Report: US company to stop sales of genetic tech in Xinjiang

Feb 22, 2019

BEIJING — Thermo Fisher Scientific Inc. says it will no longer sell or service genetic sequencers in China's mostly Muslim region of Xinjiang following criticism that they were used for surveillance that enabled human rights abuses, The Wall Street Journal reported. The company in Waltham, Massachusetts, cited its "values, ethics code and policies," according to the Journal. The company said it recognized the importance of considering how products "are used — or may be used — by our customers." Thermo Fisher faced criticism from human rights groups and American lawmakers for supplying the equipment used to identify individuals in Xinjiang....

Asian stocks change little ahead of more US-China talks

Feb 22, 2019

BEIJING — Asian stock markets were little-changed Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. Tokyo's Nikkei 225 index lost 0.1 percent to 21,402.69 after a gauge of manufacturing activity fell to a three-year low, suggesting Japanese economic growth is slowing. The Shanghai Composite Index was unchanged at 2,762.67. Sydney's S&P-ASX 200 added 0.4 percent to 6,120.50 while Hong Kong's Hang Seng gained 9 points to 28,526.95. Seoul's Kospi was unchanged at 2,230.15. Benchmarks in New Zealand and Taiwan advanced while Southeast Asian markets mostly declined. Investors looked ahead to...

Sign up now!

Advertisement