In-wheel Motors Market by Type, Application, Over Forecast Period 2022-2030
In-Wheel Motors Market Analysis The Global In-Wheel Motors Market size will develop at a 20% CAGR between the forecast period., according to the new Market Research Future (MRFR) analysis. In-wheel motors are a form of electric vehicle-driven system. The motors are mounted on the wheel directly to energize the wheel directly via supplying the torque to the associated tires. Various factors are propelling the global in-wheel motors market share. According to the recent MRFR market estimates, such factors include innovations in vehicle development, latest vehicle dynamics, autonomous driving, advances in-wheel motor technology, rising production of electric cars, increasing penetration in EVs, increasing environmental awareness such as noise and air pollution, degradation of naturally occurring resources, and global warming, stringent emission regulations, the growing popularity of energy-efficient products, and implementation to reduce vehicle weight by deducting the space that th