Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000–3000 W, and Above 3000 W), and Region - Global Forecast to 2025

Date: October 30, 2018
Pages: 106
Price:
US$ 5,650.00
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Publisher: MarketsandMarkets
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: H41D6D49EA6EN
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Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000–3000 W, and Above 3000 W), and Region - Global Forecast to 2025
“Availability of government support such as purchase incentives for electric two wheelers, powerful acceleration, and better torque control have driven the demand for hub motor globally.”

The global hub motor market is estimated to grow from USD 7.92 billion in 2018 at a CAGR of 5.03% to reach USD 11.17 billion by 2025. Government purchase incentives for electric two wheelers, increased driving range, reliability, and improved vehicle performance are the factors responsible for the growth of the hub motor market. However, high price and increase in unsprung weight in wheels are considered to be the major restraints for the growth of the hub motor market.

“High torque is propelling the growth of geared hub motor during the forecast period.”

The geared hub motor segment, by motor type, is the fastest and largest growing 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 provide high torque that helps in driving on mountains or hills. Geared hub motors have planetary gears which reduce the vehicle speed, however, they allow the motor to rotate at faster speeds. Hub motors are mainly geared for speed control and durability.

“North America is expected to record the highest growth rate during the forecast period.”

North America is the fastest growing market for EVs, followed by Europe. North America is a regional hub for many renowned electric two wheelers manufacturers known for delivering quality and high-performance vehicles. OEMs in North America such as 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 US who have launched electric two wheelers nationwide resulting in a huge demand for hub motors. A hub motor provides several benefits such as powerful acceleration, high flexibility, and better torque control, which are expected to boost the demand for electric two wheelers in the region, and in turn, boost the demand for hub motors.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the hub motor market.
  • By Company Type: Tier I - 42%, Tier II - 40%, and Tier III - 18%,
  • By Designation: C Level - 57%, D Level - 29%, and Others - 14%
  • By Region: North America - 29%, Europe - 28%, Asia Pacific - 43%
The hub motor market comprises major manufacturers, such as QS Motor (China), Schaeffler (Germany), Michelin (France), Jiashan Neopower International Trade (China), Elaphe (Slovenia), NTN (Japan), Tajima EV (Japan), TDCM Corporation (Taiwan), Go SWISSDRIVE (Switzerland), MAC Motor (China), Leaf Motor (China), and Robert Bosch (Germany). The study includes in-depth competitive analysis of these key players in the hub motor market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The market study covers the hub motor market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as by installation type, vehicle type, motor type, sales channel type, power output type, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hub motor market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION

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

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
2.2 SECONDARY DATA
  2.2.1 KEY SECONDARY SOURCES
  2.2.2 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
  2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
  2.3.2 PRIMARY PARTICIPANTS
2.4 MARKET SIZE ESTIMATION
  2.4.1 BOTTOM-UP APPROACH
  2.4.2 TOP-DOWN APPROACH
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
2.6 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

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

5 MARKET OVERVIEW

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

6 INDUSTRY TRENDS

6.1 MID-DRIVE MOTOR
  6.1.1 MAJOR APPLICATIONS OF MID-DRIVE MOTOR
6.2 NEIGHBORHOOD ELECTRIC VEHICLE (NEV)

7 HUB MOTOR MARKET, BY VEHICLE TYPE

7.1 INTRODUCTION
7.2 E-BIKES
  7.2.1 INCREASING POPULARITY OF E-BIKES WILL BOOST THE DEMAND FOR HUB MOTORS
7.3 E-SCOOTERS/MOPEDS
  7.3.1 GROWING USE OF E-SCOOTERS/MOPEDS AS ALTERNATIVE TRANSPORT MOBILITY WILL BOOST THE DEMAND
7.4 E-MOTORCYCLES
  7.4.1 ASIA PACIFIC IS THE LARGEST MARKET FOR E-MOTORCYCLES

8 HUB MOTOR MARKET, BY INSTALLATION TYPE

8.1 INTRODUCTION
8.2 FRONT HUB MOTOR
  8.2.1 FACTORS SUCH AS EQUAL WEIGHT DISTRIBUTION WILL BOOST THE DEMAND FOR FRONT HUB MOTOR
8.3 REAR HUB MOTOR
  8.3.1 BENEFITS SUCH AS HIGH TRACTION AND POWERFUL ACCELERATION WILL BOOST THE DEMAND FOR REAR HUB MOTOR

9 HUB MOTOR MARKET, BY MOTOR TYPE

9.1 INTRODUCTION
9.2 GEARLESS HUB MOTOR
  9.2.1 BENEFITS SUCH AS HIGH DURABALITY AND POWER WILL BOOST THE DEMAND FOR GEARLESS HUB MOTOR
9.3 GEARED HUB MOTOR
  9.3.1 ASIA PACIFIC TO LEAD THE GEARED HUB MOTOR MARKET BETWEEN 2018 AND 2025

10 HUB MOTOR MARKET, BY POWER OUTPUT TYPE

10.1 INTRODUCTION
10.2 BELOW 1000 W
  10.2.1 INCREASE IN SALES OF E-BIKES WILL BOOST THE DEMAND FOR BELOW 1000 W HUB MOTORS
10.3 1000-3000 W
  10.3.1 INCREASE IN SALES OF E-SCOOTERS/MOPEDS WILL BOOST THE DEMAND FOR 1000–3000 W HUB MOTORS
10.4 ABOVE 3000 W
  10.4.1 INCREASE IN SALES OF E-MOTORCYCLES WILL BOOST THE DEMAND FOR ABOVE 3000 W HUB MOTORS

11 HUB MOTOR MARKET, BY SALES CHANNEL

11.1 INTRODUCTION
11.2 AFTERMARKET
11.3 OE MARKET

12 HUB MOTOR MARKET, BY REGION

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

13 COMPETITIVE LANDSCAPE

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

14 COMPANY PROFILES

(Overview, Product offered, Recent developments & SWOT analysis)*

14.1 KEY PLAYERS
  14.1.1 QS MOTOR
  14.1.2 SCHAEFFLER
  14.1.3 MICHELIN GROUP
  14.1.4 JIASHAN NEOPOWER INTERNATIONAL TRADE
  14.1.5 ELAPHE LTD
  14.1.6 NTN
  14.1.7 TAJIMA EV
  14.1.8 TDCM CORPORATION
  14.1.9 GO SWISSDRIVE
  14.1.10 MAC MOTOR
  14.1.11 LEAF MOTOR
  14.1.12 ROBERT BOSCH
14.2 KEY PLAYERS FROM OTHER REGIONS
  14.2.1 NORTH AMERICA
    14.2.1.1 Specialized bicycle components
    14.2.1.2 Enertrac corporation
    14.2.1.3 Trek
    14.2.1.4 Victory motorcycles
    14.2.1.5 Zero motorcycles
    14.2.1.6 Luna cycle
  14.2.2 EUROPE
    14.2.2.1 Heinzmann
    14.2.2.2 Accell group
    14.2.2.3 Pon bike group
  14.2.3 ASIA PACIFIC
    14.2.3.1 Fuji-ta
    14.2.3.2 GEOBY
    14.2.3.3 Tainjin golden wheel
    14.2.3.4 Giant
    14.2.3.5 Merida
    14.2.3.6 UU motor

*Details on Overview, Product offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.

15 APPENDIX

15.1 KEY INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS

LIST OF TABLES

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

LIST OF FIGURES

Figure 1 HUB MOTOR MARKET SEGMENTATION
Figure 2 HUB MOTOR MARKET: RESEARCH DESIGN
Figure 3 RESEARCH METHODOLOGY MODEL
Figure 4 BREAKDOWN OF PRIMARY INTERVIEWS
Figure 5 MARKET SIZE ESTIMATION METHODOLOGY FOR THE HUB MOTOR MARKET: BOTTOM-UP APPROACH
Figure 6 MARKET SIZE ESTIMATION METHODOLOGY FOR THE HUB MOTOR MARKET: TOP-DOWN APPROACH
Figure 7 DATA TRIANGULATION
Figure 8 HUB MOTOR MARKET: MARKET DYNAMICS
Figure 9 HUB MOTOR MARKET, BY REGION, 2018–2025 (USD MILLION)
Figure 10 HUB MOTOR MARKET, BY VEHICLE TYPE, 2018 VS. 2025 (USD MILLION)
Figure 11 INCREASED SIMPLICITY AND EFFICIENCY OF VEHICLE IS EXPECTED TO DRIVE THE HUB MOTOR MARKET, 2018–2025 (USD MILLION)
Figure 12 HUB MOTOR MARKET SHARE, BY REGION, 2025 (USD MILLION)
Figure 13 BELOW 1000 W SEGMENT TO HOLD THE LARGEST MARKET SHARE, 2018 VS. 2025 (UNITS)
Figure 14 REAR HUB MOTOR MARKET TO HOLD THE LARGEST MARKET SHARE, 2018 VS. 2025 (UNITS)
Figure 15 GEARED HUB MOTOR MARKET TO HOLD THE LARGEST MARKET SHARE, 2018 VS. 2025 (UNITS)
Figure 16 E-BIKES TO HOLD THE LARGEST MARKET SHARE, 2018 VS. 2025 (USD MILLION)
Figure 17 HUB MOTOR MARKET: MARKET DYNAMICS
Figure 18 E-SCOOTERS/MOPEDS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (2018–2025)
Figure 19 REAR HUB MOTOR SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD (2018–2025)
Figure 20 GEARED HUB MOTOR SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD (2018–2025)
Figure 21 1000–3000 W SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD (2018–2025)
Figure 22 ASIA PACIFIC TO DOMINATE THE MARKET DURING FORECAST PERIOD
Figure 23 ASIA PACIFIC: HUB MOTOR MARKET SNAPSHOT
Figure 24 EUROPE: HUB MOTOR MARKET SNAPSHOT
Figure 25 NORTH AMERICA: MARKET SNAPSHOT (2018)
Figure 26 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE HUB MOTOR MARKET FROM 2013–2018
Figure 27 HUB MOTOR MARKET RANKING: 2017
Figure 28 QS MOTOR: SWOT ANALYSIS
Figure 29 SCHAEFFLER: COMPANY SNAPSHOT
Figure 30 SCHAEFFLER: SWOT ANALYSIS
Figure 31 MICHELIN GROUP: COMPANY SNAPSHOT
Figure 32 MICHELIN GROUP: SWOT ANALYSIS
Figure 33 JIASHAN NEOPOWER INTERNATIONAL TRADE: SWOT ANALYSIS
Figure 34 ELAPHE LTD: SWOT ANALYSIS
Figure 35 NTN: COMPANY SNAPSHOT
Figure 36 ROBERT BOSCH: COMPANY SNAPSHOT
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Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000–3000 W, and Above 3000 W), and Region - Global Forecast to 2025
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