Hub Motor Trends and Forecast
The future of the global hub motor market looks promising with opportunities in the hub motor and rear hub motor markets. The global hub motor market is expected to reach an estimated $18.1 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are increasing production of vehicles, growth in disposable income and per capita income, and increased efficiency of electric vehicles resulting from the implementation of hub motor systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hub Motor by Segment
The study includes a forecast for the global hub motor by product type, sales channel, position, and region.
Hub Motor Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Pedelecs
• Throttle on Demand
• Scooter or Motorcycle
Hub Motor Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Hub Motor Market by Position [Shipment Analysis by Value from 2018 to 2030]:
• Front Hub Motor
• Rear Hub Motor
Hub Motor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hub Motor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hub motor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hub motor companies profiled in this report include-
• Robert Bosch
• Schaeffler technologies
• TDCM
• MAC Shanghai Electric Motor Company
• Siemens
• QS Motor
• Accell
Hub Motor Market Insights
Lucintel forecasts that pedelecs is expected to witness the highest growth over the forecast period due to expansion of electric vehicle manufacturing incorporating in-wheel motor technology.
Within this market, rear hub motor is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period due to innovation and advancement in technologies.
Features of the Global Hub Motor Market
Market Size Estimates: Hub motor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hub motor market size by product type, sales channel, position, and region in terms of value ($B).
Regional Analysis: Hub motor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, sales channel, position, and regions for the hub motor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hub motor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the hub motor market size?
Answer: The global hub motor market is expected to reach an estimated $18.1 billion by 2030.
Q2. What is the growth forecast for hub motor market?
Answer: The global hub motor market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the hub motor market?
Answer: The major drivers for this market are increasing production of vehicles, growth in disposable income and per capita income, and increased efficiency of electric vehicles resulting from the implementation of hub motor systems.
Q4. What are the major segments for hub motor market?
Answer: The future of the global hub motor market looks promising with opportunities in the hub motor and rear hub motor markets.
Q5. Who are the key hub motor market companies?
Answer: Some of the key hub motor companies are as follows:
• Robert Bosch
• Schaeffler technologies
• TDCM
• MAC Shanghai Electric Motor Company
• Siemens
• QS Motor
• Accell
Q6. Which hub motor market segment will be the largest in future?
Answer: Lucintel forecasts that pedelecs is expected to witness the highest growth over the forecast period due to expansion of electric vehicle manufacturing incorporating in-wheel motor technology.
Q7. In hub motor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to innovation and advancement in technologies.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hub motor market by product type (pedelecs, throttle on demand, and scooter or motorcycle), sales channel (original equipment manufacturer (OEM) and aftermarket), position (front hub motor and rear hub motor), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Hub Motor Market, Hub Motor Market Size, Hub Motor Market Growth, Hub Motor Market Analysis, Hub Motor Market Report, Hub Motor Market Share, Hub Motor Market Trends, Hub Motor Market Forecast, Hub Motor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.