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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 (2018-2028); 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 2023-2028 to reach approximately USD 11.16 billion by 2026.

 

Global Hub Motor Market

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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.

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: Market 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.

 

Global Hub Motor Market by Segment

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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.

 

Global Hub Motor Market by Region

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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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, 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.

 

*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 (2018-2022) 
    8.3    Global Hub Motor Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    E-Scooter
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    E-Motorcycles
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Rear Hub Motor
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    1000-3000W
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Above 3000W
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Aftermarket
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)    
    8.8    Global Hub Motor Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Hub Motor Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Hub Motor Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Hub Motor Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Hub Motor Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East  and Africa Hub Motor Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global Hub Motor Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
3.    Global Hub Motor Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
4.    Global Hub Motor Historical Market: Breakup by Installation Type (USD Million), 2018-2022
5.    Global Hub Motor Market Forecast: Breakup by Installation Type (USD Million), 2023-2028
6.    Global Hub Motor Historical Market: Breakup by Output (USD Million), 2018-2022
7.    Global Hub Motor Market Forecast: Breakup by Output (USD Million), 2023-2028
8.    Global Hub Motor Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
9.    Global Hub Motor Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
10.    Global Hub Motor Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Hub Motor Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Hub Motor Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Hub Motor Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Hub Motor Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Hub Motor Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Hub Motor Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Hub Motor Market Forecast: Breakup by Country (USD Million), 2023-2028
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 2023-2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 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 2023-2028 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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