Global Electric Corner Modules (ECM) Market 2022 - Industry Briefing

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. According to Gen Consulting Company, the global electric corner modules market is set to achieve an incremental growth of USD 1,162 million, acelerating at a CAGR of almost 28.5% during the forecast period 2022-2028.

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.

As of 2021, the major players in the global electric corner modules market were 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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