Market Overview

The Global Hub Motor Market was valued at USD 12,871.2 million in 2023 and is expected to reach USD 18,728.8 million by 2031 while growing at a CAGR of 4.8% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global hub motor market growth. A hub motor, also known as a wheel motor or in-wheel motor, is an electric motor integrated into the hub of a vehicle's wheel. This design eliminates the need for complex mechanical components like gears and transmissions, unlike traditional internal combustion engine vehicles.

Increasing demand for Electric Vehicles (EVs) and advancements in battery technology, such as higher energy density and reduced costs, drive the growth of the hub motor market. However, obstacles like high initial costs and limited range in some applications may hinder market expansion.

Furthermore, the global hub motor industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Hub Motor Market is segmented among Geared, and Gearless, based on Type. In 2023, Geared accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Power Output Analysis

The Global Hub Motor Market is segmented among Below 3 KW, 3 - 5 KW, 5-10 KW, and Above 10 Kw, based on Power Output. In 2023, 3 - 5 KW accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Hub Motor Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are QS MOTOR LTD, Schaeffler AG, Elaphe LTD, NTN Corporation, TDCM, Robert Bosch GmbH, Bafang Electric (Suzhou) Co., Ltd., Heinzmann GmbH & Co. KG, Leaf Motor, and Cutler MAC (Shanghai) Brushless Motor Co., Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Hub Motor Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Hub Motor Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Hub Motor Market Segmentation, By Type

• Global Hub Motor Market Share Analysis, By Type

• Global Hub Motor Market Growth Analysis, By Type

• Global Hub Motor Market Trends, By Type

o Geared

o Gearless

6. Global Hub Motor Market Segmentation, By Power Output

• Global Hub Motor Market Share Analysis, By Power Output

• Global Hub Motor Market Growth Analysis, By Power Output

• Global Hub Motor Market Trends, By Power Output

o Below 3 KW

o 3 - 5 KW

o 5-10 KW

o Above 10 Kw

7. Global Hub Motor Market Segmentation, By Installation Type

• Global Hub Motor Market Share Analysis, By Installation Type

• Global Hub Motor Market Growth Analysis, By Installation Type

• Global Hub Motor Market Trends, By Installation Type

o Front Hub Motor

o Rear Hub Motor

o Both Front Hub Motor

o Both Rear Hub Motor

8. Global Hub Motor Market Segmentation, By Sales Channel

• Global Hub Motor Market Share Analysis, By Sales Channel

• Global Hub Motor Market Growth Analysis, By Sales Channel

• Global Hub Motor Market Trends, By Sales Channel

o OEM

o Sales Channel

9. Global Hub Motor Market Segmentation, By Vehicle Type

• Global Hub Motor Market Share Analysis, By Vehicle Type

• Global Hub Motor Market Growth Analysis, By Vehicle Type

• Global Hub Motor Market Trends, By Vehicle Type

o E-bike

o E-motorcycle

o E-scooter

o Electric Passenger Vehicles

o Electric Utility Vehicles

o Electric Heavy-duty Vehicles

o Others

10. Global Hub Motor Market Segmentation, By Region

• Global Hub Motor Market Share Analysis, By Region

• Global Hub Motor Market Growth Analysis, By Region

• Global Hub Motor Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

11. Competitive Landscape

• QS MOTOR LTD*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Schaeffler AG

• Elaphe LTD

• NTN Corporation

• TDCM

• Robert Bosch GmbH

• Bafang Electric (Suzhou) Co. Ltd.

• Heinzmann GmbH & Co. KG

• Leaf Motor

• Cutler MAC (Shanghai) Brushless Motor Co., Ltd.

*Similar analysis will be provided for each company listed above.