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Regional Analysis

Global Hub Motor Market Size, Share, Trends, Growth, Report: By Vehicle Type: E-Bike, E-Scooter, E-Motorcycles; By Installation Type: Front Hub Motor, Rear Hub Motor; By Output: Below 1000W, 1000-3000W, Above 3000W; By Distribution Channel: OEM, Aftermarket; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Hub Motor Market Analysis by Region

The demand for hub motors in the Asia Pacific region is notably high and continues to grow. Rapid urbanisation in many Asia Pacific countries has led to increased traffic congestion and pollution in urban centres. Electric vehicles, especially e-bikes and e-scooters, offer a convenient and efficient solution for short to medium-distance urban commutes, helping to alleviate these issues. Governments across the Asia Pacific region are implementing policies and incentives to promote the adoption of electric vehicles as part of their efforts to reduce carbon emissions and combat air pollution. These measures include subsidies for EV purchases, investment in charging infrastructure, and restrictions on the use of fossil fuel-powered vehicles in certain areas.

 

The hub motor market in North America is expected to be on an upward trajectory in the coming years. There is a growing trend in North America towards health and fitness, with more people looking for active modes of transportation. E-bikes, in particular, offer a way to combine exercise with commuting, appealing to individuals seeking to incorporate more physical activity into their daily routines.

 

Hub Motor Market Report Snapshots

Hub Motor Market Size

Hub Motor Market Growth

Hub Motor Market Trends

Hub Motor Market Share

Hub Motor Companies

Hub Motor Market Regional Analysis

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Hub Motor Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hub Motor Historical Market (2018-2023) 
    8.3    Global Hub Motor Market Forecast (2024-2032)
    8.4    Global Hub Motor Market by Vehicle Type
        8.4.1    E-Bike
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    E-Scooter
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    E-Motorcycles
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Hub Motor Market by Installation Type
        8.5.1    Front Hub Motor
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Rear Hub Motor
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Hub Motor Market by Output
        8.6.1    Below 1000W
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    1000-3000W
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Above 3000W
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Hub Motor Market by Distribution Channel
        8.7.1    Original equipment manufacturer (OEM)
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Aftermarket
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)    
    8.8    Global Hub Motor Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Hub Motor Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Hub Motor Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Hub Motor Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Hub Motor Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Hub Motor Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Schaeffler Technologies AG & Co. KG
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    QS Motor Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Elaphe Propulsion Technologies Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Robert Bosch GmbH
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Accell Group N.V.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Hub Motor Market: Key Industry Highlights, 2018 and 2032
2.    Global Hub Motor Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
3.    Global Hub Motor Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
4.    Global Hub Motor Historical Market: Breakup by Installation Type (USD Million), 2018-2023
5.    Global Hub Motor Market Forecast: Breakup by Installation Type (USD Million), 2024-2032
6.    Global Hub Motor Historical Market: Breakup by Output (USD Million), 2018-2023
7.    Global Hub Motor Market Forecast: Breakup by Output (USD Million), 2024-2032
8.    Global Hub Motor Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9.    Global Hub Motor Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10.    Global Hub Motor Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Hub Motor Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Hub Motor Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Hub Motor Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Hub Motor Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Hub Motor Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Hub Motor Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Hub Motor Market Structure

Key Questions Answered in the Report

The global hub motor market attained a value of nearly USD 9.55 billion in 2023.

The market is projected to grow at a CAGR of 5.3% in the forecast period of 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 15.23 billion by 2032.         

The rising demand for hub motors due to their favourable features and the growing popularity of electric vehicles are the major market drivers.

Technological advancements and innovations, the introduction of favourable government policies aimed at fuelling the use of environmentally friendly vehicles, and the growing awareness regarding the benefits of electric vehicles are the key trends propelling the market.

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

E-bike, e-scooter, and e-motorcycle are the different vehicle types considered in the market report.

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 market 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 9.55 billion in 2023, 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 5.3% in the forecast period of 2024-2032 to reach approximately USD 15.23 billion by 2032.

 

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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