The global electric vehicle in wheel motor market size was approximately USD 367.10 Million in 2025. The market is projected to grow at a CAGR of 31.70% between 2026 and 2035, reaching a value of around USD 5762.91 Million by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
31.7%
Value in USD Million
2026-2035
*this image is indicative*
A wheel motor is an engine integrated inside a wheel that independently powers the wheel and does not rely on gearbox systems and their associated energy losses. It increases the number of driving aid options available, including braking, road holding, and acceleration.
Moreover, the rising demand for continuous and smooth wheel movements and improved driving experience are aiding the market expansion.
The EMR’s report titled “Global Electric Vehicle in Wheel Motor Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
Market Breakup by Propulsion Type
Market Breakup by Power Output
Market Breakup by Motor Type
Market Breakup by Motor Weight
Market Breakup by Region
As per the electric vehicle in wheel motor market analysis, axial flux motors hold a significant share in the market due to their compact and lightweight design, high power-to-weight ratio, and greater torque density, among others. In addition to their more effective use of copper winding, axial flux motors can reduce heat generated by the end turn effect and increase the number of turns, hence, their assembling and processing are easier than radial flux motors.
The rising adoption of electric vehicles due to sustainability initiatives, favourable government policies, and fuel efficiency expands the axial flux motor market demand. Its flat structure offers effective cooling, and as a result, these motors are extensively used in electric vehicles.
Europe holds a sizeable portion of the electric vehicle in wheel motor market share. The region has a 22% penetration rate of electric vehicles and 12.1% of newly registered cars were electric in 2022, compared to 8.3% in 2021. Moreover, the expansion of charging infrastructure in the region is positively influencing the market.
Meanwhile, the Asia Pacific is anticipated to witness a healthy growth in the forecast period due to the increasing sales of electric vehicles (EVs) in countries like Japan, China, India, and South Korea. The increasing launch of electric vehicle in-wheel motors by key players in the Asia Pacific is positively influencing the market growth. For instance, in December 2023, Kia and Hyundai launched Uni Wheel, an in-wheel motor for electric vehicles that support electronic torque vectoring, improve driving and steering stability, and reduce the overall costs of EVs.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global electric vehicle in wheel motor market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Nidec Corporation, founded in 1973, is a Japanese distributor and manufacturer of electric motors. The company offers a wide range of motors, such as medium- and large-size motors, small-size and precision motors, mould, moulding, cutting, and machining components, mechanical equipment, and machine tool inspection and measuring equipment, among others. It also provides solutions related to automotive, including IoT products and electronic devices.
Protean Electric Limited, founded in 2008, is an automobile technology company with a focus on in-wheel motor technology. It provides solutions for all kinds of vehicles, such as automatic vehicles, commercial vehicles, and passenger cars. With over 200 patents and 130 pending patents, it has a focus on the development of clean electric vehicles.
NTN Corp., established in 1918, it is a leading bearing and vehicle component manufacturer in Japan, ranked second only to NSK Ltd. on a domestic basis. Constant-velocity joints and other friction-reducing items are among the company's top exports to the global market. The company has its shares listed on Tokyo Stock Exchange with ticker 6472.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players operating in the electric vehicle in wheel motor market include Elaphe Propulsion Technologies Ltd., SIM-Drive Corporation, PMW Dynamics Limited, NSK Ltd., GEM Motors d.o.o., and Saietta Group Plc (e-Traction), among others.
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In 2025, the market reached an approximate value of USD 367.10 Million.
The market is projected to grow at a CAGR of 31.70% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach around USD 5762.91 Million by 2035.
The market is being driven by the incorporation of software and automated technologies, safety benefits provided by in wheel motors, and the sustainability awareness among consumers.
The key trends of market includes the growing adoption of electric vehicles, surging launch of electric vehicle in-wheel motors, and the rising demand for axial flux motors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major vehicle types considered in the market report include passenger vehicle and commercial vehicle.
The major players in the market are Nidec Corporation, Protean Electric Limited, Elaphe Propulsion Technologies Ltd., NTN Corp., SIM-Drive Corporation, PMW Dynamics Limited, NSK Ltd., GEM Motors d.o.o., and Saietta Group Plc (e-Traction), among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Propulsion Type |
|
| Breakup by Power Output |
|
| Breakup by Motor Type |
|
| Breakup by Motor Weight |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
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