In Wheel Motor Market Scope, Global Trends, and Forecast to 2030 – Delvens

The global In Wheel Motor market size was estimated at USD 1.4 billion in 2023 and is projected to reach USD 8.7 billion in 2030 at a CAGR of 30% during the forecast period 2024-2030.

The global In-Wheel Motor Market is experiencing significant growth driven by the rising demand for enhanced electric vehicle (EV) performance, increased driving range, and reliability. In-wheel motors, which are electric motors mounted directly on the wheels, offer several advantages that make them an attractive choice for EV manufacturers.