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Hub Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

August 2022 | 147 pages | ID: HF547C366F37EN
IMARC Group

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The global hub motor market size reached US$ 8,823.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 11,823.2 Million by 2027, exhibiting a growth rate (CAGR) of 5.1% during 2022-2027. 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 report, along with forecasts at the global, regional and country level from 2022-2027. 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.

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 1000 W
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 1000–3000 W
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Above 3000 W
  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 TABLES

Table 1: Global: Hub Motor Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Hub Motor Market Forecast: Breakup by Installation (in Million US$), 2022-2027
Table 3: Global: Hub Motor Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 4: Global: Hub Motor Market Forecast: Breakup by Motor Type (in Million US$), 2022-2027
Table 5: Global: Hub Motor Market Forecast: Breakup by Power Output (in Million US$), 2022-2027
Table 6: Global: Hub Motor Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 7: Global: Hub Motor Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Hub Motor Market: Competitive Structure
Table 9: Global: Hub Motor Market: Key Players

LIST OF FIGURES

Figure 1: Global: Hub Motor Market: Major Drivers and Challenges
Figure 2: Global: Hub Motor Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Hub Motor Market: Breakup by Installation (in %), 2021
Figure 5: Global: Hub Motor Market: Breakup by Vehicle Type (in %), 2021
Figure 6: Global: Hub Motor Market: Breakup by Motor Type (in %), 2021
Figure 7: Global: Hub Motor Market: Breakup by Power Output (in %), 2021
Figure 8: Global: Hub Motor Market: Breakup by Sales Channel (in %), 2021
Figure 9: Global: Hub Motor Market: Breakup by Region (in %), 2021
Figure 10: Global: Hub Motor (Front) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Hub Motor (Front) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Hub Motor (Rear) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Hub Motor (Rear) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Hub Motor (E-bikes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Hub Motor (E-bikes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Hub Motor (Electric Two-wheelers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Hub Motor (Electric Two-wheelers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Hub Motor (Passenger Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Hub Motor (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Hub Motor (Other Vehicle Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Hub Motor (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Hub Motor (Geared) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Hub Motor (Geared) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Hub Motor (Gearless) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Hub Motor (Gearless) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Hub Motor (Below 1000 W) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Hub Motor (Below 1000 W) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Hub Motor (1000–3000 W) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Hub Motor (1000–3000 W) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Hub Motor (Above 3000 W) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Hub Motor (Above 3000 W) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Hub Motor (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Hub Motor (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Hub Motor (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Hub Motor (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Hub Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Hub Motor Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Hub Motor Market Forecast: Sales Value (in Million US$), 2022-2027
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


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