Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Hub Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global hub motor market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Hub motor is an electric motor power generator installed in the wheels to power rear, front-wheel or all-wheel drive vehicles. The motor consists of a battery pack, fuel cell and a generator. It functions independently of the gears and operates using the electric energy stored in the battery by converting it into a rotary motion. It minimizes the contact between the stator and the rotor, thereby enhancing the overall life of the motor. Hub motors facilitate electronic commutation and eliminate the requirement for heavy transmissions, drivelines, differentials and axles. They can be used to power internal combustion engines (ICEs) and are convenient to install and cost-effective with minimal mechanical losses. 

Hub Motor Market Trends:

Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing demand for electric vehicles (EVs) is providing a thrust to the market growth. Hub motors are widely used in e-bikes, e-motorcycles and electric cars, along with light, heavy, commercial and passenger vehicles. They provide increased torque, power, acceleration and handling to electric vehicles. In line with this, the widespread adoption of rear hub motors for enhanced traction control is also contributing to the growth of the market. Automobile manufacturers are developing lightweight and compact geared variants that can be used for driving on mountains, hills and rugged terrains. Additionally, various product innovations, such as the launch of hub motors with improved thermal management and ultra-lightweight features, are also favoring the growth of the market. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies promoting the adoption of EVs, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hub motor market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on installation, vehicle type, motor type, power output and sales channel.

Breakup by Installation:

  • Front Hub Motor
  • Rear Hub Motor
     

Breakup by Vehicle Type:

  • E-bikes
  • Electric Two-wheelers
  • Passenger Cars
  • Others
     

Breakup by Motor Type:

  • Geared
  • Gearless
     

Breakup by Power Output:

  • Below 1000 W
  • 1000–3000 W
  • Above 3000 W
     

Breakup by Sales Channel:

  • OEM
  • Aftermarket
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles 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 Coverages:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
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$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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)

 

Key Questions Answered in This Report:

  • How has the global hub motor market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hub motor market?
  • What are the key regional markets?
  • What is the breakup of the market based on the installation?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the motor type?
  • What is the breakup of the market based on the power output?
  • What is the breakup of the market based on the sales channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hub motor market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hub Motor Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Installation
    6.1    Front Hub Motor
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Rear Hub Motor
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Vehicle Type
    7.1    E-bikes
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Electric Two-wheelers
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Passenger Cars
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Motor Type
    8.1    Geared
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Gearless
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Power Output
    9.1    Below 1000W
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    1000–3000W
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Above 3000W
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Sales Channel
    10.1    OEM
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Aftermarket
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Accell Group N.V.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
        16.3.2    Cutler MAC (Shanghai) Brushless Motor Co. Ltd
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Elaphe Propulsion Technologies Ltd.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    Heinzmann GmbH & Co. KG
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    Leaf Motor
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
        16.3.6    NTN Corporation
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
        16.3.7    QS Motor
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Schaeffler technologies AG & CO. KG
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
        16.3.9    Tajima Motor Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    TDCM
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Hub Motor Market: Major Drivers and Challenges
Figure 2: Global: Hub Motor Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Hub Motor Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Hub Motor Market: Breakup by Installation (in %), 2020
Figure 5: Global: Hub Motor Market: Breakup by Vehicle Type (in %), 2020
Figure 6: Global: Hub Motor Market: Breakup by Motor Type (in %), 2020
Figure 7: Global: Hub Motor Market: Breakup by Power Output (in %), 2020
Figure 8: Global: Hub Motor Market: Breakup by Sales Channel (in %), 2020
Figure 9: Global: Hub Motor Market: Breakup by Region (in %), 2020
Figure 10: Global: Hub Motor (Front Hub Motor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Hub Motor (Front Hub Motor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Hub Motor (Rear Hub Motor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Hub Motor (Rear Hub Motor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Hub Motor (E-bikes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Hub Motor (E-bikes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Hub Motor (Electric Two-wheelers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Hub Motor (Electric Two-wheelers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Hub Motor (Passenger Cars) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Hub Motor (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Hub Motor (Other Vehicle Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Hub Motor (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Hub Motor (Geared) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Hub Motor (Geared) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Hub Motor (Gearless) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Hub Motor (Gearless) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Hub Motor (Below 1000 W) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Hub Motor (Below 1000 W) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Hub Motor (1000–3000 W) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Hub Motor (1000–3000 W) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Hub Motor (Above 3000 W) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Hub Motor (Above 3000 W) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Hub Motor (OEM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Hub Motor (OEM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Hub Motor (Aftermarket) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Hub Motor (Aftermarket) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: North America: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: United States: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: United States: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Canada: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Canada: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Asia-Pacific: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Asia-Pacific: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: China: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: China: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Japan: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Japan: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: India: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: South Korea: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Australia: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Australia: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Indonesia: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Indonesia: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Others: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Others: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Europe: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Germany: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Germany: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: France: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: France: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: United Kingdom: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: United Kingdom: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Italy: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Italy: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Spain: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Spain: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Russia: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Russia: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Latin America: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Latin America: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Brazil: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Brazil: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Mexico: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Mexico: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Middle East and Africa: Hub Motor Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Middle East and Africa: Hub Motor Market: Breakup by Country (in %), 2020
Figure 84: Middle East and Africa: Hub Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Global: Hub Motor Industry: SWOT Analysis
Figure 86: Global: Hub Motor Industry: Value Chain Analysis
Figure 87: Global: Hub Motor Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Hub Motor Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Hub Motor Market Forecast: Breakup by Installation (in Million US$), 2021-2026
Table 3: Global: Hub Motor Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 4: Global: Hub Motor Market Forecast: Breakup by Motor Type (in Million US$), 2021-2026
Table 5: Global: Hub Motor Market Forecast: Breakup by Power Output (in Million US$), 2021-2026
Table 6: Global: Hub Motor Market Forecast: Breakup by Sales Channel (in Million US$), 2021-2026
Table 7: Global: Hub Motor Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Hub Motor Market: Competitive Structure
Table 9: Global: Hub Motor Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

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.

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links