Hub Motor Market worth $11.17 billion by 2025

1. Hub Motor Market worth $11.17 billion by 2025 The report "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" Global hub motor market is projected to grow at a CAGR of 5.01% from USD 7.69 billion in 2018 to reach USD 10.82 billion by 2025 The major factors behind the growth of the hub motor market are improved vehicle performance, powerful acceleration, and high torque. Hub motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle. Browse 45 market data Tables and 36 Figures spread through 105 Pages and in-depth TOC on "Hub Motor " View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/hub- motor-market-62957995.html Electric Bike Segment: Increased power and better vehicle handling is expected to drive the hub motor market The electric bike segment is the largest of all segments of the hub motor market and is expected to witness a significant growth during the forecast period. The market growth of hub motors can be attributed to factors such as high torque, increased power, and better vehicle handling to both new and existing vehicles. This vehicle segment is the most promising market for hub motors as it is the largest in the automotive industry. Rear Hub Motor: Better traction and high flexibility fuels the hub motor market Rear hub motors are predominantly used in the global hub motor market. This type of installation provides powerful acceleration, better traction, and high flexibility. The powerful hub motors are appropriate for rear installation because higher power can be better handled in the rear wheel of the e-bikes. Major electric two-wheeler manufacturers prefer installing hub motors in the rear wheel to take advantage of the traction control. Asia Pacific: China is expected to lead the Asia Pacific market The Asia Pacific region is estimated to be the largest hub motor market in 2018. The region comprises some of the fastest developing economies of the world such as China and India. The governments of these developing economies have recognized the growth potential of the electric two wheelers and, hence, have taken several initiatives to attract major OEMs to manufacture electric two wheelers in their domestic markets. For instance, the Government of India announced financial support and a scheme called Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME). Under the scheme, there is subsidy up to INR 22,000 for electric scooters/e-bikes. Government promotions and schemes have led to an increase in sales of electric two wheelers over the years, which caters to the hub motor demand.

2. The major hub motor market players are QS Motor (China), Schaeffler Technologies (Germany), Michelin (France), Jiashan Neopower International Trade (China), and Elaphe (Slovenia). Don’t miss out on business opportunities in Hub Motor Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com