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Hub Motor Market by Installation, Vehicle, Motor, Sales Channel, Power Output And Region - Global Forecast to 2025

Hub Motor Market: Global Forecast until 2025

  • October 2018
  • 106 pages
  • ID: 5609422
In this report:
The hub motor market, by power output type, is projected to grow at a CAGR of ##.##% during the forecast period, from ##,##,## units in 2018 to ##,##,## units by 2025.
The hub motor market, by installation type, was at ##,##,## units in 2017 and is expected to reach ##,##,## units by 2025 at a CAGR of ##.##% between 2018 and 2025.

Summary

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Availability of government support including purchase incentives for electric two wheelers, powerful acceleration, and better torque control have driven the sector demand for hub motor globally.

The overall hub motor market is forecasted to grow from ~$7.9B in 2018 at a Compound annual growth rate of ~5.0 percent to reach ~$11.2B by 2025. Government purchase incentives for electric two wheelers, rised driving range, reliability, and enhanced vehicle performance are the factors responsible for the increase ot the hub motor market. On the other hand, high price and rise in unsprung weight in wheels are considered to be the main restraints for the increase ot the hub motor market.

High torque is propelling the increase of geared hub motor during the estimate period.

The geared hub motor segment, by motor type, is the quickest and biggest increasing segment of the hub motor market.The geared hub motor is the most common motor type adopted for hub motors as it controls the speed of a vehicle.

Geared hub motors offer high torque that helps in driving on mountains or hills.Geared hub motors have planetary gears which reduce the vehicle speed, nevertheless, they allow the motor to rotate at faster speeds.

Hub motors are primarily geared for speed control and durability.

North America (NA) is anticipated to record the maximum growth rate during the outlook period.

North America continent is the quickest increasing sector for EVs, succeeded by EU.North America (NA) is a regional hub for many renowned electric two wheelers manufacturers known for delivering quality and high-performance vehicles.

Original equipment manufacturers in North America including Trek and Enertrac Corporation are focused on the development of high-performance electric two-wheelers.Victory Motorcycles, Zero Motorcycles, and Luna are the leading OEMs in the USA who have launched electric two wheelers nationwide resulting in a huge demand for hub motors.

A hub motor offers different benefits including powerful acceleration, high flexibility, and better torque control, which are anticipated to boost the market demand for electric two wheelers in the territory, and in turn, boost the industry demand for hub motors.

Comprehensive interviews were managed with CEOs, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the hub motor market.

• By Company category: Tier I - 42.0 percent, Tier II - 40.0 percent, and Tier III - 18.0 percent,

• By Description: C-suite - 57.0 percent, D-suite - 29.0 percent, and Others - 14.0 percent

• By Area: North America continent - 29.0 percent, Europe (EU) - 28.0 percent, Asia Pacific (APAC) - 43.0 percent

The hub motor market comprises main manufacturers, including QS Motor, Schaeffler, Michelin, Jiashan Neopower International Trade, Elaphe, NTN, Tajima EV, TDCM Corporation, Go SWISSDRIVE, MAC Motor, Leaf Motor, and Robert Bosch. The report includes exhaustive competitive study of these top actors in the hub motor market, with their company descriptions, latest developments, and key industries strategies.

Segment Research

The market study includes the hub motor market across segments.It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including by installation type, vehicle type, motor type, sales channel type, power output type, and area.

The market research also comprises a detailed competitive analysis of the top players in the sector, together with their company descriptions, main observations associated to product and business offerings, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global hub motor market and the sub-segments.This industry report will facilitate partners distinguish the competitive landscape and obtain additional insights to better option their businesses and plan suitable go-to-market strategies.

The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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