Electric Scooter Motor Market Size & Share Analysis Report 2030
The global In-wheel motor is projected to grow from USD 416.0 million in 2024 to USD 1,201.2 million by 2030, registering a CAGR of 19.3%.
The surging popularity of electric two-wheelers, due to their affordability, convenience, and eco-friendliness, is directly fueling the demand for electric scooter motors. Advancements in motor technology, resulting in improved efficiency, power output, and...
Advanced Technology & Growth of the Automotive Industry to Drive the Global In-Wheel Motor Market
Improved vehicle fuel efficiency, high torque, increased power, and provision of better vehicle handling are some of the factors that are set to drive the growth of the in-wheel motor market by 2026. The global In-Wheel Motor Market shows significant growth and is projected to grow at a CAGR of 40.3% during the forecast period to reach USD 4,395 million by 2026 from an estimated USD 808 million in...