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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, and Region - Global Forecast to 2025
Author:sino    Source:Sino-report    Number of clicks :     Update time:2018-11-10 11:36
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
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"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.

TABLE OF CONTENTS
Product Code: AT 6716

TABLE OF CONTENTS

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) 71  
  • 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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