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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.
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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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