Global Hub Motor Market to Grow at 4.2% During 2024-2032, Fostered by Rising Demand for Electric Vehicles

September 16, 2021 | Automotive Industry

According to the latest report by IMARC Group, titled “Hub Motor Market Report by Installation (Front Hub Motor, Rear Hub Motor), Vehicle Type (E-bikes, Electric Two-wheelers, Passenger Cars, and Others), Motor Type (Geared, Gearless), Power Output (Below 1000 W, 1000–3000 W, Above 3000 W), Sales Channel (OEM, Aftermarket), and Region 2024-2032,” the global hub motor market reached a value of US$ 9,764.5 Million in 2023. A hub motor refers to an electric motor integrated into the wheels of a vehicle. It is an independent drive system consisting of a fuel cell, generator, and battery pack. The system converts electric energy into rotatory motion, which minimizes the contact between the stator and rotor. This mechanism facilitates electronic commutation, reduces engine load, and enhances the operational efficiency of the vehicle. In addition, a hub motor offers easy installation, generates more power, requires minimal maintenance, and eliminates the need for gears and transmissions.

Global Hub Motor Market Trends:

One of the key factors driving the hub motor market growth is the widespread product utilization in the manufacturing of and improving the performance of electric vehicles (EVs). Due to the increasing environmental consciousness, there has been a significant rise in the demand for EVs, which, in turn, is inflating the sales of hub motor across the globe. The rising need for efficient and lightweight vehicles is acting as another growth-inducing factor. Additionally, large-scale investments in research and development (R&D) activities to integrate next-generation technologies, such as brushless direct current (BLDC), are fueling the market growth. Continuous product innovations, including the integration of thermal management and enhanced traction control, are some of the other factors creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 4.2% during 2024-2032.

Market Summary:

  • Based on the installation, the market has been bifurcated into front and rear hub motors.
  • On the basis of the vehicle type, the market has been divided into e-bikes, electric two-wheelers, passenger cars, and others.
  • Based on the motor type, the market has been segmented into geared and gearless.
  • On the basis of the power output, the market has been classified into below 1000 W, 1000-3000 W, and above 3000 W.
  • Based on the sales channel, the market has been bifurcated into original equipment manufacturers (OEM) and aftermarket.
  • Region-wise, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being Accell Group N.V., Cutler MAC (Shanghai) Brushless Motor Co. Ltd, Elaphe Propulsion Technologies Ltd., Heinzmann GmbH & Co. KG, Leaf Motor, NTN Corporation, QS Motor, Schaeffler technologies AG & CO. KG, Tajima Motor Corporation and TDCM.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Installation, Vehicle Type, Motor Type, Power Output, Sales Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Accell Group N.V., Cutler MAC (Shanghai) Brushless Motor Co. Ltd, Elaphe Propulsion Technologies Ltd., Heinzmann GmbH & Co. KG, Leaf Motor, NTN Corporation, QS Motor, Schaeffler technologies AG & CO. KG, Tajima Motor Corporation and TDCM
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:


USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Hub Motor Market to Grow at 4.2% During 2024-2032, Fostered by Rising Demand for Electric Vehicles
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More