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Global Electric Corner Modules Market
Global electric corner modules (ECM) market by product (pure ECM, partial ECM), by vehicle type (BEV passenger cars, others), industry snapshot, 2022-2028
An electric corner modules (ECM) is an unit incorporating electric traction motor near or in the wheel. The benefits of ECMs include, or promise to include, better control by torque vectoring, more space, and less weight, faster acceleration and better fuel economy. The global electric corner modules market size is projected to grow by USD 1,162 million from 2022 to 2028, registering a CAGR of 28.5 percent, according to a new report by Gen Consulting Company.
This industry report offers market estimates of the global market, followed by a detailed analysis of the product, and vehicle type. The global market data on electric corner modules can be segmented by product: pure ECM, partial ECM. Electric corner modules market is further segmented by vehicle type: BEV passenger cars, others.
The electric corner modules market is dominated by key players, which are Elaphe Propulsion Technologies Ltd., Protean Electric Limited, REE Automotive Ltd., Schaeffler AG.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.
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