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The global market for hub motor is being propelled by the applications of hub motors in two-wheeler electronic vehicles such as e-bikes, e-scooter, and e-motorcycles. The Asia Pacific region is significantly contributing to the market growth of hub motors due to the large-scale production of hub motors in emerging economies like China, thus making it affordable. In addition, hub motors are easy to install and can be used to convert almost any bike into an electronic bike, which is boosting the market growth. Furthermore, the regional growth of hub motor can also be attributed to the rising levels of pollution in countries like India and China, which is propelling the government to undertake serious measures to curb the negative effects of fuel-powered automobiles, and hence the widespread promotion of electronic vehicles in the engine is augmenting the industry growth of hub motor. Moreover, the ready availability, reliability, and silent operations are factors that are further proving impetus to the market growth.
A global leader in the market for hub motor, MAHLE, has recently launched a new generation of its e-bike drive system in August 2020. The extremely compact design of the wheel hub motor can be integrated almost invisibly into a conventional bicycle frame. MAHLE’s hub motor installed in the X35+ system offers an ideal user-oriented performance, which makes the system not only more streamlined but also significantly lighter. The drive unit supports the rider by seamlessly delivering power at the touch of a button, and when switched off, the unit offers no resistance, allowing the rider a natural cycling experience using muscle power. The emergence of electronic vehicles in the coming years are expected to augment the market for hub motors, and such innovations by leading companies are significantly contributing to the industry growth. The market is further anticipated to be propelled by the expansion of market players like Schaeffler Technologies AG & Co (ETR: SHA) and Accell Group N.V (AMS: ACCEL).
Market Analysis by Vehicle Type, Installation Type, Output, Distribution Channel, and Region:
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The major players in the global hub motor market are Schaeffler Technologies AG & Co. KG, QS Motor Ltd, Elaphe Propulsion Technologies Ltd., Robert Bosch GmbH, and Accell Group N.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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