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Global Hub Motor Market: By Vehicle Type: E-Bike, E-Scooter, E-Motorcycles; By Installation Type: Front Hub Motor, Rear Hub Motor; By Output: Below 1000W, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: Competitive Landscape; Industry Events and Developments

Global Hub Motor Market Outlook

The global hub motor market attained a value of about USD 8.18 billion in 2020. The market is further expected to grow at a CAGR of 5.31% during the forecast period of 2021-2026 to reach approximately USD 11.16 billion by 2026.

 

Enhanced Performance of Vehicles with Hub Motor is Boosting the Market Growth of Hub Motor

The growth in the global market for hub motor can be attributed to the rising number of electric vehicles. Hub motor is integrated into a vehicle’s wheel hub and uses electric energy stored in the battery by converting it into rotary motion. In addition, the growth in the market can be associated with favourable factors such as easy installation of a hub motor, cost-effectiveness, and as hub motors are free from gears and transmissions, they increase the overall efficiency of the vehicle.

 

Global Hub Motor Market

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Furthermore, the flexibility, compact and lightweight designs, high power efficiency and elasticity that reduces the maintenance costs and provides a smooth driving experience are further adding to the market growth of hub motors. In addition to this, hub motors in electric vehicles minimise the requirement for axles, transmissions, and drivelines, hence aiding the reduction of mechanical losses between the components of wheel and engine, thereby resulting in a quieter vehicle by reducing noise generation. Therefore, these factors are contributing to the market growth of hub motors.

 

Hub Motor: Industry Definition and Segmentation

A hub motor is an electrical motor attached to the wheels of a two-wheeled electronic vehicle. It is also known as wheel hub motor, wheel motor, wheel hub drive, and in-wheel motor, and is installed to achieve a high level of flexibility and efficiency.

The market, on the basis of vehicle type, can be divided into:

  • E-Bike
  • E-Scooter
  • E-Motorcycles

Based on installation type, the market can be divided into:

  • Front Hub Motor
  • Rear Hub Motor

On the basis of output, the market can be categorised into:

  • Below 1000W
  • 1000-3000W
  • Above 3000W

Based on distribution channel, the market can be segmented into:

  • Original equipment manufacturer (OEM)
  • Aftermarket

The EMR report looks into the regional markets of hub motor like North America, Latin America, the Asia Pacific, Europe and the Middle East and Africa.

 

Rising Penetration of E-Vehicles to Augment the Market Growth of Hub Motor

The global market for hub motors is being propelled by the emergence of electronic vehicles around the world as a result of rising environmental concerns. Electric vehicles are driven by in-wheel electric motors that deliver torque independently to the wheel without any differential, thus augmenting the market for hub motor. Furthermore, the rising demand for electric vehicles can be attributed to the rising consumer awareness regarding the negative impacts of fuel-powered automobiles, including high combustion rates, depleting natural resources, and air pollution.

Furthermore, rear-hub motors are installed in e-bikes to achieve high power, smooth acceleration, and better traction, thus contributing to the growth of the market. Moreover, favourable government policies and investments for the production of pollution-free electronic vehicles and the expansion of key market players in the industry are furthering the market growth of hub motor. Hence, the increase in a number of electronic vehicles is robustly driving the market for hub motors.

 

Key Industry Players in the Global Hub Motor Market

The report presents a detailed analysis of the following key players in the global hub motor market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • Schaeffler Technologies AG & Co. KG
  • QS Motor Ltd
  • Elaphe Propulsion Technologies Ltd.
  • Robert Bosch GmbH
  • Accell Group N.V. 
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Installation Type, Output, Distribution Channel, Region
Breakup by Vehicle Type E-Bike, E-Scooter, E-Motorcycles
Breakup by Installation Type Front Hub Motor, Rear Hub Motor
Breakup by Output Below 1000W, 1000-3000W, Above 3000W
Breakup by Distribution Channel Original equipment manufacturer (OEM), Aftermarket
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Schaeffler Technologies AG & Co. KG, QS Motor Ltd, Elaphe Propulsion Technologies Ltd., Robert Bosch GmbH, Accell Group N.V., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hub Motor Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hub Motor Historical Market (2016-2020) 
    8.3    Global Hub Motor Market Forecast (2021-2026)
    8.4    Global Hub Motor Market by Vehicle Type
        8.4.1    E-Bike
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    E-Scooter
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    E-Motorcycles
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Hub Motor Market by Installation Type
        8.5.1    Front Hub Motor
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Rear Hub Motor
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Hub Motor Market by Output
        8.6.1    Below 1000W
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    1000-3000W
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Above 3000W
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Hub Motor Market by Distribution Channel
        8.7.1    Original equipment manufacturer (OEM)
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Aftermarket
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Hub Motor Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Schaeffler Technologies AG & Co. KG
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    QS Motor Ltd
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Elaphe Propulsion Technologies Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Robert Bosch GmbH
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Accell Group N.V.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Development

 

List of Figures and Tables

1.    Global Hub Motor Market: Key Industry Highlights, 2016 and 2026
2.    Global Hub Motor Historical Market: Breakup by Vehicle Type (USD Million), 2016-2020
3.    Global Hub Motor Market Forecast: Breakup by Vehicle Type (USD Million), 2021-2026
4.    Global Hub Motor Historical Market: Breakup by Installation Type (USD Million), 2016-2020
5.    Global Hub Motor Market Forecast: Breakup by Installation Type (USD Million), 2021-2026
6.    Global Hub Motor Historical Market: Breakup by Output (USD Million), 2016-2020
7.    Global Hub Motor Market Forecast: Breakup by Output (USD Million), 2021-2026
8.    Global Hub Motor Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
9.    Global Hub Motor Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
10.    Global Hub Motor Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Hub Motor Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Hub Motor Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Hub Motor Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Hub Motor Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Hub Motor Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Hub Motor Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Hub Motor Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Hub Motor Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Hub Motor Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Hub Motor Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Hub Motor Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Global Hub Motor Market Structure

Key Questions Answered in the Report

The global hub motor market attained a value of nearly USD 8.18 billion in 2020.

The market is projected to grow at a CAGR of 5.31% in the forecast period of 2021-2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 11.16 billion by 2026.

The industry is being driven by the rising demand for hub motors due to its favourable features, such as flexibility, easy installation, cost-effectiveness, and elasticity, among others.

The market for hub motor is being propelled by the emergence of electronic vehicles , which are environment-friendly.

The major regional markets for hub motor are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The different vehicle types of hub motor include e-bike, e-scooter, and e-motorcycles.

The major installation types of hub motor are front hub motor and rear hub motor.

The various outputs of hub motor are below 1000W, 1000-3000W, and above 3000W.

The significant distribution channels of hub motor are original equipment manufacturer (OEM), and aftermarket.

The major players in the industry are Schaeffler Technologies AG & Co. KG, QS Motor Ltd, Elaphe Propulsion Technologies Ltd., Robert Bosch GmbH, and Accell Group N.V., among others.

Analyst Review

The global hub motor market attained a value of about USD 8.18 billion, driven by cost effectiveness of hub motor. Aided by the rising penetration of electronic vehicles, the market is expected to grow at a CAGR of 5.31% in the forecast period of 2021-2026 to reach approximately USD 11.16 billion by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of vehicle type, the market can be segmented into e-bike, e-scooter, and e-motorcycles. On the basis of installation type, the market can be divided into front hub motor and rear hub motor. Based on output, the market can be classified into 1000W, 1000-3000W, and above 3000W. On the basis of distribution channels, the market segmentations include original equipment manufacturer (OEM), and aftermarket. The major regional markets for hub motor are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Schaeffler Technologies AG & Co. KG, QS Motor Ltd, Elaphe Propulsion Technologies Ltd., Robert Bosch GmbH, and Accell Group N.V., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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