Acumen research and consulting estimates that the global hub motor market is anticipated to reach market size of around US$ 15,000 Mn by 2027 and is anticipated to grow at a CAGR of around 8% in terms of revenue during the forecast period 2020 – 2027. The wheel hub engine is known as the wheel hub engine, wheel engine, wheel hub, and the wheel engine as well. It is an electric engine directly mounted on the wheels. The technology for this system is the brushless DC, a next-generation DC engine technology that replaces the mechanical switch with an electronic shift. The stator and the rotor all connections are lost and the engine has a longer lifespan. The Hub motor offers the advantages, such as easy mount, no change and no gears or ratios of all kinds, which means that the practical performance of the vehicle over its counterparts is effectively increased.
Market Insights
Factors like increased output of vehicles with in-wheel engines drive the growth of the hub motor market. In addition, increasing the performance of electric vehicles via hub engine systems drives growth in the market. However, less working speed and complex hub structures limit the growth of the market. Moreover, the increase of electric vehicle penetration around the world is planned to provide a major growth opportunity for players operating in the motor center market.
Increase in penetration of electric vehicles
Demand and production of electric vehicles has increased dramatically over the last few years, providing electric vehicles have multiple advantages over fuels. Components such as the fan belt, oil, air filters, head cap, timing belt, cylink heads or fire-cutting plugs are not replaced, so that the vehicles are cheaper and fuel efficient. Electric cars have are a favored option for reducing the expansion of fuel-powered vehicle markets. Furthermore, due to greater stability and traction control systems, automotive designers rely on designing hybrid cars with hub engines. The increase in the development of electric vehicles would also bring attractive growth prospects for players operating in the center of the engine market.
Enhanced performance of electric vehicle due to hub motor systems
Due to the enhanced performance and benefits of this system, the transmission, axles, differentials and drive shaft are replaced by in-wheel motor systems. Under this system, cars provide stability and traction control by stopping the roller, which rotates more rapidly than is required. This approach is slower because it is dependent on the use of delaying forces. However, hub motors deliver a torque or a braking precision in a very small scale, improving traction and stability control considerably by limiting the distance between them and enhancing dynamics and safety of the vehicle. The introduction of hub engines increases the efficiency of electric vehicles and the development of hub engine markets is in effect expected.
Report coverage
The market research study on “Hub Motor Market (By Product: Pedelecs, Throttle on Demand, Scooter or Motorcycle; By Sales Channel: OEM, Aftermarket; By Position: Front Hub Motor, Rear Hub Motor) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global hub motor market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global hub motor market are product, sales channel, position, and major geographic regions. The hub motor market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
During the forecast period 2020 to 2027, the global Hub Motor market is expected to dominate the Asia Pacific region. Increasing technological progress and the increasing automotive industries are key drivers for the growth of hub engines on the market. Also contributing to the development of the market in the region was the presence of key players such as QS Motor, NTN Corporation and MAC Shanghai Electric Motor Company Ltd. State initiatives to introduce electric vehicles and major research and development investments have also contributed to a high increase of the demand for hub engines in this field.
Key Players
Major players included in this report are Elaphe Propulsion Technologies Ltd., Robert Bosch GmbH, Schaeffler technologies AG & CO. KG, Hyundai Mobis, Siemens AG, QS Motor, NTN Corporation, TDCM, Accell Group, MAC Shanghai Electric Motor Company Ltd, and others. They have strong worldwide distribution networks. These businesses also sell the OEMs a wide variety of items. New product developments, collaborations and contracts and agreements are the key strategies adopted by such companies for maintaining their market position.
The global hub motor market is segmented as below:
Market Segmentation
Hub Motor Market By Product
Pedelecs
Throttle on Demand
Scooter or Motorcycle
Hub Motor Market By Sales Channel
OEM
Aftermarket
Hub Motor Market By Position
Front Hub Motor
Rear Hub Motor
Hub Motor Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Hub Motor
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Hub Motor Market By Product
1.2.2.1. Global Hub Motor Market Revenue and Growth Rate Comparison By Product(2020-2027)
1.2.2.2. Global Hub Motor Market Revenue Share By Product in 2019
1.2.2.3. Pedelecs
1.2.2.4. Throttle on Demand
1.2.2.5. Scooter or Motorcycle
1.2.3. Hub Motor Market By Sales Channel
1.2.3.1. Global Hub Motor Market Revenue and Growth Rate Comparison By Sales Channel (2020-2027)
1.2.3.2. Global Hub Motor Market Revenue Share By Sales Channel in 2019
1.2.3.2.1. OEM
1.2.3.2.2. Aftermarket
1.2.4. Hub Motor Market By Position
1.2.4.1. Global Hub Motor Market Revenue and Growth Rate Comparison By Position(2020-2027)
1.2.4.2. Global Hub Motor Market Revenue Share By Position in 2019
1.2.4.2.1. Front Hub Motor
1.2.4.2.2. Rear Hub Motor
1.2.5. Hub Motor Market By Geography
1.2.5.1. Global Hub Motor Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.5.2. North America Hub Motor Market Revenue and Growth Rate(2020-2027)
1.2.5.3. Europe Hub Motor Market Revenue and Growth Rate(2020-2027)
1.2.5.4. Asia-Pacific Hub Motor Market Revenue and Growth Rate(2020-2027)
1.2.5.5. Latin America Hub Motor Market Revenue and Growth Rate(2020-2027)
1.2.5.6. Middle East and Africa (MEA) Hub Motor Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING Hub Motor ANALYSIS
3.1. Capacity and Commercial Production Date of Global Hub Motor Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Hub Motor Major Manufacturers in 2019
3.3. R&D Status and Manufacturing End-User of Global Hub Motor Major Manufacturers in 2019
3.4. Raw Materials End-Users Analysis of Global Hub Motor Major Manufacturers in 2019
CHAPTER 4. Hub Motor MARKET By Product
4.1. Global Hub Motor Revenue By Product
4.2. Pedelecs
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Throttle on Demand
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.4. Scooter or Motorcycle
4.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. Hub Motor MARKET By Sales Channel
5.1. Global Hub Motor Revenue By Sales Channel
5.2. OEM
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Aftermarket
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. Hub Motor MARKET By Position
6.1. Global Hub Motor Revenue By Position
6.2. Front Hub Motor
6.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.3. Rear Hub Motor
6.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA Hub Motor MARKET BY COUNTRY
7.1. North America Hub Motor Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2. North America Hub Motor Market Revenue Share Comparison, 2020 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Hub Motor Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
CHAPTER 8. EUROPE SMART REFRIGERATOR MARKET BY COUNTRY
8.1. Europe Hub Motor Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. Europe Hub Motor Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC Hub Motor MARKET BY COUNTRY
9.1. Asia-Pacific Hub Motor Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Asia-Pacific Hub Motor Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA Hub Motor MARKET BY COUNTRY
10.1. Latin America Hub Motor Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Latin America Hub Motor Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA Hub Motor MARKET BY COUNTRY
11.1. Middle East & Africa Hub Motor Market Revenue and Growth Rate, 2020 - 2027 ($Million)
11.2. Middle East & Africa Hub Motor Market Revenue Share Comparison, 2020 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Sales Channel, 2020 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Position, 2020 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Elaphe Propulsion Technologies Ltd.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Robert Bosch GmbH
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Schaeffler technologies AG & CO. KG
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Hyundai Mobis
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Siemens AG
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. QS Motor
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. NTN Corporation
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. TDCM
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Accell Group
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
