1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.2 SECONDARY DATA 18
2.2.1 KEY SECONDARY SOURCES 18
2.2.2 KEY DATA FROM SECONDARY SOURCES 19
2.3 PRIMARY DATA 20
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 21
2.3.2 PRIMARY PARTICIPANTS 21
2.4 MARKET SIZE ESTIMATION 22
2.4.1 BOTTOM-UP APPROACH 22
2.4.2 TOP-DOWN APPROACH 23
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.6 ASSUMPTIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE HUB MOTOR MARKET 29
4.2 ASIA PACIFIC TO LEAD THE GLOBAL HUB MOTOR MARKET BY 2025 29
4.3 HUB MOTOR MARKET, BY POWER OUTPUT TYPE, 2018 30
4.4 HUB MOTOR MARKET, BY INSTALLATION TYPE, 2018 VS. 2025 30
4.5 HUB MOTOR MARKET, BY MOTOR TYPE 31
4.6 HUB MOTOR MARKET, BY VEHICLE TYPE 31

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 33
5.2.1.1 Increased performance efficiency of a vehicle 33
5.2.1.2 Increases range of a vehicle 34
5.2.2 RESTRAINTS 34
5.2.2.1 Mid-drive motors as an alternative option 34
5.2.3 OPPORTUNITIES 34
5.2.3.1 Increasing sales of electric two wheelers globally 34
5.2.4 CHALLENGES 34
5.2.4.1 Increase in unsprung weight of the wheel 34
5.2.4.2 High cost 34

6 INDUSTRY TRENDS 36
6.1 MID-DRIVE MOTOR 36
6.1.1 MAJOR APPLICATIONS OF MID-DRIVE MOTOR 37
6.2 NEIGHBORHOOD ELECTRIC VEHICLE (NEV) 37

7 HUB MOTOR MARKET, BY VEHICLE TYPE 38
7.1 INTRODUCTION 39
7.2 E-BIKES 41
7.2.1 INCREASING POPULARITY OF E-BIKES WILL BOOST THE DEMAND FOR HUB MOTORS 41
7.3 E-SCOOTERS/MOPEDS 42
7.3.1 GROWING USE OF E-SCOOTERS/MOPEDS AS ALTERNATIVE TRANSPORT MOBILITY WILL BOOST THE DEMAND 42
7.4 E-MOTORCYCLES 43
7.4.1 ASIA PACIFIC IS THE LARGEST MARKET FOR E-MOTORCYCLES 43

8 HUB MOTOR MARKET, BY INSTALLATION TYPE 44
8.1 INTRODUCTION 45
8.2 FRONT HUB MOTOR 46
8.2.1 FACTORS SUCH AS EQUAL WEIGHT DISTRIBUTION WILL BOOST THE DEMAND FOR FRONT HUB MOTOR 46
8.3 REAR HUB MOTOR 47
8.3.1 BENEFITS SUCH AS HIGH TRACTION AND POWERFUL ACCELERATION WILL BOOST THE DEMAND FOR REAR HUB MOTOR 47

9 HUB MOTOR MARKET, BY MOTOR TYPE 48
9.1 INTRODUCTION 49
9.2 GEARLESS HUB MOTOR 50
9.2.1 BENEFITS SUCH AS HIGH DURABALITY AND POWER WILL BOOST THE DEMAND FOR GEARLESS HUB MOTOR 50
9.3 GEARED HUB MOTOR 51
9.3.1 ASIA PACIFIC TO LEAD THE GEARED HUB MOTOR MARKET BETWEEN 2018 AND 2025 51

10 HUB MOTOR MARKET, BY POWER OUTPUT TYPE 52
10.1 INTRODUCTION 53
10.2 BELOW 1000 W 54
10.2.1 INCREASE IN SALES OF E-BIKES WILL BOOST THE DEMAND FOR BELOW 1000 W HUB MOTORS 54
10.3 1000-3000 W 55
10.3.1 INCREASE IN SALES OF E-SCOOTERS/MOPEDS WILL BOOST THE DEMAND FOR 1000–3000 W HUB MOTORS 55
10.4 ABOVE 3000 W 56
10.4.1 INCREASE IN SALES OF E-MOTORCYCLES WILL BOOST THE DEMAND FOR ABOVE 3000 W HUB MOTORS 56

11 HUB MOTOR MARKET, BY SALES CHANNEL 57
11.1 INTRODUCTION 57
11.2 AFTERMARKET 58
11.3 OE MARKET 58

12 HUB MOTOR MARKET, BY REGION 59
12.1 INTRODUCTION 60
12.2 ASIA PACIFIC 62
12.2.1 CHINA 64
12.2.1.1 Government regulations for low emission vehicles in China expected to drive the hub motor market 64
12.2.2 INDIA 64
12.2.2.1 Increase in sales of electric scooter/mopeds in India expected to drive the hub motor market 64
12.2.3 JAPAN 65
12.2.3.1 Presence of major e-bike manufacturers in Japan expected to drive the hub motor market 65
12.2.4 SOUTH KOREA 65
12.2.4.1 Government promoting eco-friendly electric scooters in South Korea is expected to drive the hub motor market 65
12.2.5 TAIWAN 66
12.2.5.1 Taiwan expected to witness the highest growth rate in the Asia Pacific geared hub motor market 66
12.3 EUROPE 67
12.3.1 AUSTRIA 69
12.3.1.1 Increase in e-bike sales in Austria expected to drive the hub motor market 69
12.3.2 FRANCE 69
12.3.2.1 Government e-bikes purchase subsidy expected to drive the French hub motor market 69
12.3.3 GERMANY 70
12.3.3.1 E-bikes as a prefered mode of mobility in Germany expected to drive the hub motor market 70
12.3.4 ITALY 70
12.3.4.1 Consumer preference toward e-bikes in Italy will boost the hub motor market 70
12.3.5 NETHERLANDS 71
12.3.5.1 Rising e-bike popularity in the Netherlands will boost the demand for hub motors 71
12.3.6 SPAIN 71
12.3.6.1 Increase in sales of electric-scooters/mopeds is expected to drive the Spanish geared hub motor market 71
12.3.7 UNITED KINGDOM 72
12.3.7.1 Growth in e-bike imports expected to drive the UK hub motor market 72
12.4 NORTH AMERICA 73
12.4.1 CANADA 74
12.4.1.1 Canada expected to witness the highest growth rate in the North American geared hub motor market 74
12.4.2 US 75
12.4.2.1 The US accounted for the largest market size in the North American geared hub motor market 75

13 COMPETITIVE LANDSCAPE 76
13.1 OVERVIEW 76
13.2 MARKET RANKING ANALYSIS 77
13.3 COMPETITIVE SITUATION & TRENDS 78
13.3.1 NEW PRODUCT DEVELOPMENTS 78
13.3.2 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/PARTNERSHIPS/AGREEMENTS 79

14 COMPANY PROFILES 80
(Overview, Product offered, Recent developments & SWOT analysis)*
14.1 KEY PLAYERS 80
14.1.1 QS MOTOR 80
14.1.2 SCHAEFFLER 82
14.1.3 MICHELIN GROUP 84
14.1.4 JIASHAN NEOPOWER INTERNATIONAL TRADE 86
14.1.5 ELAPHE LTD 87
14.1.6 NTN 89
14.1.7 TAJIMA EV 91
14.1.8 TDCM CORPORATION 92
14.1.9 GO SWISSDRIVE 93
14.1.10 MAC MOTOR 94
14.1.11 LEAF MOTOR 95
14.1.12 ROBERT BOSCH 96
14.2 KEY PLAYERS FROM OTHER REGIONS 97
14.2.1 NORTH AMERICA 97
14.2.1.1 Specialized bicycle components 97
14.2.1.2 Enertrac corporation 97
14.2.1.3 Trek 97
14.2.1.4 Victory motorcycles 97
14.2.1.5 Zero motorcycles 97
14.2.1.6 Luna cycle 97
14.2.2 EUROPE 97
14.2.2.1 Heinzmann 97
14.2.2.2 Accell group 98
14.2.2.3 Pon bike group 98
14.2.3 ASIA PACIFIC 98
14.2.3.1 Fuji-ta 98
14.2.3.2 GEOBY 98
14.2.3.3 Tainjin golden wheel 98
14.2.3.4 Giant 98
14.2.3.5 Merida 98
14.2.3.6 UU motor 98
*Details on Overview, Product offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.

15 APPENDIX 99
15.1 KEY INSIGHTS OF INDUSTRY EXPERTS 99
15.2 DISCUSSION GUIDE 100
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 102
15.4 AVAILABLE CUSTOMIZATIONS 104
15.5 RELATED REPORTS 104
15.6 AUTHOR DETAILS 105

LIST OF TABLES
TABLE 1 CURRENCY EXCHANGE RATES (PER 1 USD) 16
TABLE 2 IMPACT OF MARKET DYNAMICS 35
TABLE 3 ELECTRIC TWO WHEELERS DEFINITION, BY REGION 39
TABLE 4 HUB MOTOR MARKET SIZE, BY VEHICLE TYPE, 2016–2025 (UNITS) 39
TABLE 5 HUB MOTOR MARKET SIZE, BY VEHICLE TYPE, 2016–2025 (USD MILLION) 39
TABLE 6 E-BIKES: HUB MOTOR MARKET SIZE, BY REGION, 2016–2025 (UNITS) 41
TABLE 7 E-BIKES: HUB MOTOR MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 41
TABLE 8 E-SCOOTERS/MOPEDS: HUB MOTOR MARKET SIZE, BY REGION, 2016–2025 (UNITS) 42
TABLE 9 E-SCOOTERS/MOPEDS: HUB MOTOR MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 42
TABLE 10 E-MOTORCYCLES: HUB MOTOR MARKET SIZE, BY REGION, 2016–2025 (UNITS) 43
TABLE 11 E-MOTORCYCLES: HUB MOTOR MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 43
TABLE 12 HUB MOTOR MARKET, BY INSTALLATION TYPE, 2016–2025 (UNITS) 45
TABLE 13 FRONT HUB MOTOR: HUB MOTOR MARKET, BY REGION, 2016–2025 (UNITS) 46
TABLE 14 REAR HUB MOTOR: HUB MOTOR MARKET, BY REGION, 2016–2025 (UNITS) 47
TABLE 15 HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 49
TABLE 16 GEARLESS HUB MOTOR: HUB MOTOR MARKET, BY REGION, 2016–2025 (UNITS) 50
TABLE 17 GEARED HUB MOTOR: HUB MOTOR MARKET, BY REGION, 2016–2025 (UNITS) 51
TABLE 18 HUB MOTOR MARKET, BY POWER OUTPUT TYPE, 2016–2025 (UNITS) 53
TABLE 19 BELOW 1000 W: HUB MOTOR MARKET, BY REGION, 2016–2025 (UNITS) 54
TABLE 20 1000–3000 W: HUB MOTOR MARKET, BY REGION, 2016–2025 (UNITS) 55
TABLE 21 ABOVE 3000 W: HUB MOTOR MARKET, BY REGION, 2016–2025 (UNITS) 56
TABLE 22 HUB MOTOR MARKET, BY REGION, 2016–2025 (UNITS) 61
TABLE 23 HUB MOTOR MARKET, BY REGION, 2016–2025 (USD MILLION) 61
TABLE 24 ASIA PACIFIC: HUB MOTOR MARKET, BY COUNTRY, 2016–2025 (UNITS) 63
TABLE 25 ASIA PACIFIC: HUB MOTOR MARKET, BY COUNTRY, 2016–2025 (USD MILLION) 63
TABLE 26 CHINA: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 64
TABLE 27 INDIA: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 64
TABLE 28 JAPAN: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 65
TABLE 29 SOUTH KOREA: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 65
TABLE 30 TAIWAN: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 66
TABLE 31 EUROPE: HUB MOTOR MARKET, BY COUNTRY, 2016–2025 (UNITS) 68
TABLE 32 EUROPE: HUB MOTOR MARKET, BY COUNTRY, 2016–2025 (USD MILLION) 68
TABLE 33 AUSTRIA: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 69
TABLE 34 FRANCE: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 69
TABLE 35 GERMANY: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 70
TABLE 36 ITALY: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 70
TABLE 37 NETHERLANDS: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 71
TABLE 38 SPAIN: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 71
TABLE 39 UNITED KINGDOM: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 72
TABLE 40 NORTH AMERICA: HUB MOTOR MARKET, BY COUNTRY, 2016–2025 (UNITS) 73
TABLE 41 NORTH AMERICA: HUB MOTOR MARKET, BY COUNTRY, 2016–2025 (USD MILLION) 74
TABLE 42 CANADA: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 74
TABLE 43 US: HUB MOTOR MARKET, BY MOTOR TYPE, 2016–2025 (UNITS) 75
TABLE 44 NEW PRODUCT DEVELOPMENTS, 2013–2018 78
TABLE 45 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/PARTNERSHIPS/ AGREEMENTS, 2017–2018 79

LIST OF FIGURES
FIGURE 1 HUB MOTOR MARKET SEGMENTATION 15
FIGURE 2 HUB MOTOR MARKET: RESEARCH DESIGN 17
FIGURE 3 RESEARCH METHODOLOGY MODEL 18
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 20
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR THE HUB MOTOR MARKET: BOTTOM-UP APPROACH 22
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR THE HUB MOTOR MARKET: TOP-DOWN APPROACH 23
FIGURE 7 DATA TRIANGULATION 24
FIGURE 8 HUB MOTOR MARKET: MARKET DYNAMICS 27
FIGURE 9 HUB MOTOR MARKET, BY REGION, 2018–2025 (USD MILLION) 27
FIGURE 10 HUB MOTOR MARKET, BY VEHICLE TYPE, 2018 VS. 2025 (USD MILLION) 28
FIGURE 11 INCREASED SIMPLICITY AND EFFICIENCY OF VEHICLE IS EXPECTED TO DRIVE THE HUB MOTOR MARKET, 2018–2025 (USD MILLION) 29
FIGURE 12 HUB MOTOR MARKET SHARE, BY REGION, 2025 (USD MILLION) 29
FIGURE 13 BELOW 1000 W SEGMENT TO HOLD THE LARGEST MARKET SHARE, 2018 VS. 2025 (UNITS) 30
FIGURE 14 REAR HUB MOTOR MARKET TO HOLD THE LARGEST MARKET SHARE, 2018 VS. 2025 (UNITS) 30
FIGURE 15 GEARED HUB MOTOR MARKET TO HOLD THE LARGEST MARKET SHARE, 2018 VS. 2025 (UNITS) 31
FIGURE 16 E-BIKES TO HOLD THE LARGEST MARKET SHARE, 2018 VS. 2025 (USD MILLION) 31
FIGURE 17 HUB MOTOR MARKET: MARKET DYNAMICS 33
FIGURE 18 E-SCOOTERS/MOPEDS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (2018–2025) 40
FIGURE 19 REAR HUB MOTOR SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD (2018–2025) 45
FIGURE 20 GEARED HUB MOTOR SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD (2018–2025) 49
FIGURE 21 1000–3000 W SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD (2018–2025) 53
FIGURE 22 ASIA PACIFIC TO DOMINATE THE MARKET DURING FORECAST PERIOD 60
FIGURE 23 ASIA PACIFIC: HUB MOTOR MARKET SNAPSHOT 62
FIGURE 24 EUROPE: HUB MOTOR MARKET SNAPSHOT 67
FIGURE 25 NORTH AMERICA: MARKET SNAPSHOT (2018) 73
FIGURE 26 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE HUB MOTOR MARKET FROM 2013–2018 76
FIGURE 27 HUB MOTOR MARKET RANKING: 2017 77
FIGURE 28 QS MOTOR: SWOT ANALYSIS 81
FIGURE 29 SCHAEFFLER: COMPANY SNAPSHOT 82
FIGURE 30 SCHAEFFLER: SWOT ANALYSIS 83
FIGURE 31 MICHELIN GROUP: COMPANY SNAPSHOT 84
FIGURE 32 MICHELIN GROUP: SWOT ANALYSIS 85
FIGURE 33 JIASHAN NEOPOWER INTERNATIONAL TRADE: SWOT ANALYSIS 86
FIGURE 34 ELAPHE LTD: SWOT ANALYSIS 88
FIGURE 35 NTN: COMPANY SNAPSHOT 89
FIGURE 36 ROBERT BOSCH: COMPANY SNAPSHOT 96