$9.86 Billion In-Wheel Motor Markets - Global Outlook Report 2017-2019 & 2026
DUBLIN, Aug. 28, 2019 /PRNewswire/ -- The "In-Wheel Motor - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
- DUBLIN, Aug. 28, 2019 /PRNewswire/ -- The "In-Wheel Motor - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
- Global In-Wheel Motor market accounted for $757.21 million in 2017 and is expected to reach $9,860.13 million by 2026 growing at a CAGR of 33.0% during the forecast period.
- Increasing preference for in-wheel systems over conventional systems and the adoption of electric and hybrid vehicles are driving market growth.
- In-wheel motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle.