About this market
Innovation in e-motorcycle with rim motor to gain traction in the market. Finland-based RMK Vehicle is developing an e-motorcycle named E2 of which the rear wheel itself is an electric motor. The integrated electric motor has been designed into the frame of the rim. Motorcycle rim frames are larger and can be designed to produce higher power. Technavio’ s analysts have predicted that the Two-wheeler In-wheel Motor market will register a CAGR of almost 7% by 2023.
Market Overview
Easier maintenance of in-wheel motor when compared with mid-drive motor
In-wheel motors have all components fitted in the small motor that is fitted at the hub of the wheel, making them lightweight and less vulnerable to wear. This allows in-wheel motors to run with lesser need for maintenance compared to mid-drive motors.
Generation of high heat and vibration challenges the growth of in-wheel motors
Wheels experience maximum vibration and friction as they are in direct contact with the driving surface. Hence, as in-wheel motors are fitted in the wheels, high vibration and heat also affect them significantly.
For the detailed list of factors that will drive and challenge the growth of the two-wheeler in-wheel motor market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including GEM motors and QS MOTOR the competitive environment is quite intense. Factors such as the easier maintenance of in-wheel motor when compared with mid-drive motor and the innovation in e-motorcycle with rim motor, will provide considerable growth opportunities to two-wheeler in-wheel motor manufactures. Bosch, Elaphe, GEM motors, and QS MOTOR are some of the major companies covered in this report.