In-wheel Motors Market Share: Growth, Analysis, Trends & Industry Forecast 2024-2031
“According to SNS Insider Research, the In-wheel Motors Market Share was valued at USD 1.48 billion in 2023. Projected to reach USD 22.61 billion by 2031, the market is anticipated to grow at a compound annual growth rate (CAGR) of 40.5 % during the 2024-2031 forecast period.”
In-wheel motors are an innovative propulsion technology where electric motors are mounted directly within...