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Electric vehicle motor market to grow at a CAGR of 20.87%: Evolving opportunities with ECOmove GmbH, Ford Motor Co. among others- Technavio

/PRNewswire/ -- The global electric vehicle motor market size is estimated to increase by USD 14,492.96 million between 2022 and 2027. The market's growth...

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Automotive In-wheel Motor Market Size to Grow by 476.47 thousand units | Daimler AG and ECOmove GmbH Among Key Vendors

/PRNewswire/ -- In-wheel motor is a type of drive system that is used in electric vehicles, wherein electric motors are fitted at the wheel hub for direct...

China , Germany , Japan , South-korea , United-kingdom , Korea , Ecomove-gmb , Jesse-maida , Michelin-group , Research-methodology , Automotive-ltd , Technavio-research

Automotive In-wheel Motor Market Size to Increase by 476.47 Thousand Units at almost 90% CAGR during 2021-2025

Automotive In-wheel Motor Market Size to Increase by 476.47 Thousand Units at almost 90% CAGR during 2021-2025
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Automotive In-wheel Motor Market Size to Increase by 476.47 Thousand Units at almost 90% CAGR during 2021-2025

Automotive In-wheel Motor Market Size to Increase by 476.47 Thousand Units at almost 90% CAGR during 2021-2025
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United-states , United-kingdom , America , Ecomove-gmb , Jesse-maida , Michelin-group , Automotive-ltd , Technavio-research , Nidec-corp , Gle-co , Elaphe-propulsion-technologies-ltd , Company-profiles

Technavio Research: Automotive In-Wheel Motor Market to Accelerate at a CAGR of About 89% During 2020-2024


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Technavio has been monitoring the automotive in-wheel motor market and it is poised to grow by 400.99 thousand units during 2020-2024, progressing at a CAGR of about 89% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201216005131/en/
Technavio has announced its latest market research report titled Global Automotive In-wheel Motor Market 2020-2024 (Graphic: Business Wire)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive in-wheel motor market. The market growth in 2020 is likely to increase compared to market growth in 2019.

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