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| Report Code: A06056 | Mar 2020 | Pages: 237 | ||
| Tables: 104 | Charts: 65 |
| |
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Request Now !The global hub motor market size was valued at $12.25 billion in 2018 and is projected to reach $17.45 billion by 2026, registering a CAGR of 4.4% from 2019 to 2026. Asia-Pacific accounted for the highest share in 2018 and is expected to be the highest contributor to the global hub motor market, in terms of revenue, during the forecast period.
Hub motor is also known as wheel hub motor, wheel motor, wheel hub drive, and also in-wheel motor. It is an electric motor that is installed in the wheels that drives the wheels directly. The technology used in this system is brushless DC technology, which is a next-generation of DC motor technology in which the mechanical commutation is replaced with the electronic commutation. This eliminates all the contacts between stator and rotor and gives a longer life for the motor. Hub motor offers advantages such as they are easy to install, does not need differential, and are free from any kind of gears and transmission, which in turn increase the operating efficiency of the vehicle as compared to its counterparts.
The factor such as rise in production of vehicles with in-wheel electric motors drives the growth of the hub motor market. In addition, enhanced performance of electric vehicle due to hub motor systems fuels the growth of market. However, less operating speed and complex structure of hub motors restrain the growth of the market. Furthermore, increase in penetration of electric vehicle globally is expected to offer remarkable growth opportunity for the player operating in the hub motor market.
The global hub motor market is segmented on the basis of product, sales channel, position, and region. Depending on product, the market is divided into Pedelecs, throttle on demand, and scooter or motorcycle. On the basis of sales channel, it is categorized into OEM and aftermarket. By position, it is bifurcated into hub motor and rear hub motor. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players including Schaeffler technologies AG & CO. KG, Robert Bosch GmbH, Hyundai Mobis, Siemens AG, QS Motor, Elaphe Propulsion Technologies Ltd., NTN Corporation, TDCM, MAC Shanghai Electric Motor Company Ltd, Accell Group, and others hold the major hub motor market share.
Rise in production of vehicles with in-wheel electric motors
Electric vehicles are driven by in-wheel electric motors that delivers torque independently and directly to the wheels without any differential. In addition, GEM Motors, one of the producers of electric mobility is focusing on development of GEM in-wheel electric motor market for potential customers in Switzerland, Italy, Sweden, Germany, and Italy. In recent years, demand and production of electric vehicles has increased significantly as electric vehicles have several advantages over fuel-powered automobiles. Components such as fan belts, oil, air filters, head caskets, timing belts, cylinder heads, and spark plugs do not require replacement, which in turn makes it cheaper and efficient for fuel-powered automobiles. This makes electric vehicle a preferred choice; thereby, restraining the growth of the fuel-powered automobile market. Thus, growth in production of electric vehicles with in-wheel motors is anticipated to propel the growth of the hub motor market.
Based on sales channel, aftermarket is the largest contributor in hub motor market. The continuous improvement and innovation in the automotive end user attract a wide range of customers. There is an increase in awareness regarding different types of hub motors, which in turn provides a remarkable growth opportunity for the companies operating in the hub motor aftermarket. The limited warranty period of the ignition coil also fuels the demand for aftermarket hub motor.
Enhanced performance of electric vehicle due to hub motor systems
The transmission, axles, differentials, and drive shaft are being replace by in-wheel motor systems, owing to enhanced performance and advantages offered by this system. Vehicles without this system provide stability control and traction by slowing down the wheel, which is spinning faster than required. This approach is slower as it is dependent and limited to application of retarding force. However, hub motors deliver precisely controlled motoring torque or braking in a very small timescale and thus remarkably improves the traction and stability control by limited stopping distance and enhancing vehicle dynamics and safety. Thus, adoption of hub motor enhances the performance of electric vehicle, which in turn is anticipated to propel the growth of the hub motor market.
Less operating speed and complex structure of hub motors
High number of magnets are used in the hub motor, which means that the operating speed is less that is around 300 to 500 rpm depending on the application and wheel size. Low operating speed results in the risk of motor cogging torque. Coggin torque is a result of interaction between the permanent magnets of the rotor and the stator slots of permanent magnet machine, which is prominent at lower speed with a symptom of jerkiness. Cogging torque is an undesirable component in the operation of such motor. This cogging torque results in speed ripple and at high speed the moment of inertia of motor filters out the effect of cogging torque. In addition, as the motors are present in the wheel, the electrical connection must be between body and wheel making the harness connection more complex and stressed, and increases the risk of fire hazard. Thus, less operating speed and complex structure of hub motors are expected to hinder the growth of the hub motor market.
Increase in penetration of electric vehicles
In recent years, the demand and production of electric vehicles has increased significantly as electric vehicles have several advantages over fuel-powered automobiles. Components such as fan belts, oil, air filters, head caskets, timing belts, cylinder heads, and spark plugs do not require replacement, which in turn makes it cheaper and efficient for fuel-powered automobiles. This makes electric vehicle a preferred choice; thereby, restraining the growth of the fuel-powered automobile markets. In addition, automobile manufacturers are focusing toward the development of electric vehicle with hub motor, owing to improved vehicle dynamics and traction control. Thus, growth in production of electric vehicles is anticipated to offer lucrative growth opportunity for the players operating in the hub motor market.
Asia-Pacific is a major contributor to the global hub motor market. Electric motor manufacturers in this region are introducing hub motor with innovative and enhanced features, which in turn is expected to boost the growth of the market in this region. For instance, on March 5, 2019, Nidec, a Japanese manufacturer of electric motor announced an in-wheel prototype for electric vehicle, which provides high power and high torque density. The Europe hub motor market in anticipated to exhibit highest growth during the forecast period. Adoption of hub motor in electric vehicles provides improved dynamics of the vehicle and better traction control, which in turn result in increased demand for vehicle with hub motor. Moreover, Global bearing manufacturers in this region are launching new generation hub motors with advanced features, which in turn propel the growth of the hub motor market in Europe. For instance, on January 6, 2020, NSK, a bearing manufacturer has developed third generation of in-wheel motor, which is a first design of its kind that includes motor, inverter, and wireless charging unit.
This study presents the analytical depiction of the global hub motor market analysis along with the current trends and future estimations to depict the imminent investment pockets.
The overall hub motor market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global market with a detailed impact analysis.
The current hub motor market is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of buyers and suppliers in the hub motor industry.
Hub Motor Market Report Highlights
| Aspects | Details |
|---|---|
| By Product Type |
|
| By Sales Channel |
|
| By Position |
|
| By Region |
|
| Key Market Players | Elaphe Propulsion Technologies Ltd., HYUNDAI MOBIS, MAC Shanghai Electric Motor Company Ltd., TDCM, NTN Corporation, Accell Group, Siemens AG, Schaeffler technologies AG & CO. KG, QS Motor, Robert Bosch GmbH |
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Market share analysis (2018)
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rise in production of vehicles with in-wheel electric motors
3.5.1.2. Enhanced performance of electric vehicle due to hub motor systems
3.5.2. Restraint
3.5.2.1. Less operating speed and complex structure of hub motors
3.5.3. Opportunities
3.5.3.1. Increase in penetration of electric vehicles
CHAPTER 4: HUB MOTORS MARKET, BY PRODUCT
4.1. Overview
4.2. Pedelecs
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Throttle on demand
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Scooter or motorcycle
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
CHAPTER 5: HUB MOTORS MARKET, BY SALES CHANNEL
5.1. Overview
5.2. Original equipment manufacturer (OEM)
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Aftermarket
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
CHAPTER 6: HUB MOTORS MARKET, BY POSITION
6.1. Overview
6.2. Front hub motor
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Rear hub motor
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
CHAPTER 7: HUB MOTORS MARKET, BY REGION
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by product
7.2.3. Market size and forecast, by sales channel
7.2.4. Market size and forecast, by position
7.2.5. Market analysis, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by product
7.2.5.1.2. Market size and forecast, by sales channel
7.2.5.1.3. Market size and forecast, by position
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by product
7.2.5.2.2. Market size and forecast, by sales channel
7.2.5.2.3. Market size and forecast, by position
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by product
7.2.5.3.2. Market size and forecast, by sales channel
7.2.5.3.3. Market size and forecast, by position
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by product
7.3.3. Market size and forecast, by sales channel
7.3.4. Market size and forecast, by position
7.3.5. Market analysis, by country
7.3.5.1. U.K.
7.3.5.1.1. Market size and forecast, by product
7.3.5.1.2. Market size and forecast, by sales channel
7.3.5.1.3. Market size and forecast, by position
7.3.5.2. Netherlands
7.3.5.2.1. Market size and forecast, by product
7.3.5.2.2. Market size and forecast, by sales channel
7.3.5.2.3. Market size and forecast, by position
7.3.5.3. Germany
7.3.5.3.1. Market size and forecast, by product
7.3.5.3.2. Market size and forecast, by Sales Channel
7.3.5.3.3. Market size and forecast, by position
7.3.5.4. France
7.3.5.4.1. Market size and forecast, by product
7.3.5.4.2. Market size and forecast, by sales channel
7.3.5.4.3. Market size and forecast, by position
7.3.5.5. Italy
7.3.5.5.1. Market size and forecast, by product
7.3.5.5.2. Market size and forecast, by sales channel
7.3.5.5.3. Market size and forecast, by position
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by product
7.3.5.6.2. Market size and forecast, by sales channel
7.3.5.6.3. Market size and forecast, by position
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by product
7.4.3. Market size and forecast, by sales channel
7.4.4. Market size and forecast, by position
7.4.5. Market analysis, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by product
7.4.5.1.2. Market size and forecast, by sales channel
7.4.5.1.3. Market size and forecast, by position
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by product
7.4.5.2.2. Market size and forecast, by sales channel
7.4.5.2.3. Market size and forecast, by position
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by product
7.4.5.3.2. Market size and forecast, by sales channel
7.4.5.3.3. Market size and forecast, by position
7.4.5.4. Australia
7.4.5.4.1. Market size and forecast, by product
7.4.5.4.2. Market size and forecast, by sales channel
7.4.5.4.3. Market size and forecast, by position
7.4.5.5. Vietnam
7.4.5.5.1. Market size and forecast, by product
7.4.5.5.2. Market size and forecast, by sales channel
7.4.5.5.3. Market size and forecast, by position
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Market size and forecast, by product
7.4.5.6.2. Market size and forecast, by sales channel
7.4.5.6.3. Market size and forecast, by position
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by product
7.5.3. Market size and forecast, by sales channel
7.5.4. Market size and forecast, by position
7.5.5. Market analysis, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by product
7.5.5.1.2. Market size and forecast, by sales channel
7.5.5.1.3. Market size and forecast, by position
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by product
7.5.5.2.2. Market size and forecast, by sales channel
7.5.5.2.3. Market size and forecast, by position
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by product
7.5.5.3.2. Market size and forecast, by sales channel
7.5.5.3.3. Market size and forecast, by position
CHAPTER 8: COMPANY PROFILES
8.1. Schaeffler technologies AG & CO. KG
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.2. Robert Bosch GmbH
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.3. HYUNDAI MOBIS
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments
8.4. Siemens AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business Segment
8.4.4. Business performance
8.5. QS Motor
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.5.4. Key strategic moves and developments
8.6. Elaphe Propulsion Technologies Ltd.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.6.4. Key strategic moves and developments
8.7. NTN Corporation
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.8. TDCM
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio
8.9. MAC Shanghai Electric Motor Company Ltd.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.10. Accell Group
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments
LIST OF TABLES
TABLE 01. GLOBAL HUB MOTORS MARKET, BY PRODUCT, 2018-2026($MILLION)
TABLE 02. HUB MOTORS MARKET REVENUE FOR PEDELECS, BY REGION 2018-2026 ($MILLION)
TABLE 03. HUB MOTORS MARKET REVENUE FOR THROTTLE ON DEMAND, BY REGION 2018-2026 ($MILLION)
TABLE 04. HUB MOTORS MARKET REVENUE FOR SCOOTER OR MOTORCYCLE, BY REGION 2018–2026 ($MILLION)
TABLE 05. GLOBAL HUB MOTORS MARKET, BY SALES CHANNEL, 2018-2026($MILLION)
TABLE 06. HUB MOTORS MARKET REVENUE FOR OEM, BY REGION 2018-2026 ($MILLION)
TABLE 07. HUB MOTORS MARKET REVENUE FOR AFTERMARKET, BY REGION 2018-2026 ($MILLION)
TABLE 08. GLOBAL HUB MOTORS MARKET, BY POSITION, 2018-2026($MILLION)
TABLE 09. HUB MOTORS MARKET REVENUE FOR FRONT HUB MOTOR, BY REGION 2018-2026 ($MILLION)
TABLE 10. HUB MOTORS MARKET REVENUE FOR REAR HUB MOTOR, BY REGION 2018-2026 ($MILLION)
TABLE 11. NORTH AMERICAN HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 12. NORTH AMERICAN HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 13. NORTH AMERICAN HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 14. U. S. HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 15. U. S. HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 16. U. S. HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 17. CANADA HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 18. CANADA HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 19. CANADA HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 20. MEXICO HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 21. MEXICO HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 22. MEXICO HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 23. EUROPEAN HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 24. EUROPEAN HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 25. EUROPEAN HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 26. U.K. HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 27. U.K. HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 28. U.K. HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 29. NETHERLANDS HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 30. NETHERLANDS HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 31. NETHERLANDS HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 32. GERMANY HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 33. GERMANY HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 34. GERMANY HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 35. FRANCE HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 36. FRANCE HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 37. FRANCE HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 38. ITALY HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 39. ITALY HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 40. ITALY HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 41. REST OF EUROPE HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 42. REST OF EUROPE HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 43. REST OF EUROPE HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 44. ASIA-PACIFIC HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 45. ASIA-PACIFIC HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 46. ASIA-PACIFIC HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 47. CHINA HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 48. CHINA HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 49. CHINA HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 50. JAPAN HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 51. JAPAN HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 52. JAPAN HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 53. INDIA HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 54. INDIA HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 55. INDIA HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 56. AUSTRALIA HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 57. AUSTRALIA HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 58. AUSTRALIA HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 59. VIETNAM HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 60. VIETNAM HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 61. VIETNAM HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 62. REST OF ASIA-PACIFIC HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 63. REST OF ASIA-PACIFIC HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 64. REST OF ASIA-PACIFIC HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 65. LAMEA HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 66. LAMEA HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 67. LAMEA HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 68. LATIN AMERICA HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 69. LATIN AMERICA HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 70. LATIN AMERICA HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 71. MIDDLE EAST HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 72. MIDDLE EAST HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 73. MIDDLE EAST HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 74. AFRICA HUB MOTORS MARKET, BY PRODUCT, 2018–2026 ($MILLION)
TABLE 75. AFRICA HUB MOTORS MARKET, BY SALES CHANNEL, 2018–2026 ($MILLION)
TABLE 76. AFRICA HUB MOTORS MARKET, BY POSITION, 2018–2026 ($MILLION)
TABLE 77. SCHAEFFLER TECHNOLOGIES AG & CO. KG.: COMPANY SNAPSHOT
TABLE 78. SCHAEFFLER TECHNOLOGIES AG & CO. KG.: OPERATING SEGMENTS
TABLE 79. SCHAEFFLER TECHNOLOGIES AG & CO. KG.: PRODUCT PORTFOLIO
TABLE 80. ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 81. ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 82. ROBERT BOSCH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 83. HYUNDAI MOBIS: COMPANY SNAPSHOT
TABLE 84. HYUNDAI MOBIS: OPERATING SEGMENTS
TABLE 85. HYUNDAI MOBIS.: PRODUCT PORTFOLIO
TABLE 86. HYUNDAI MOBIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 87. SIEMENS AG: COMPANY SNAPSHOT
TABLE 88. SIEMENS AG: BUSINESS SEGMENT
TABLE 89. QS MOTOR: COMPANY SNAPSHOT
TABLE 90. QS MOTOR: PRODUCT PORTFOLIO
TABLE 91. QS MOTOR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 92. ELAPHE PROPULSION TECHNOLOGIES LTD.: COMPANY SNAPSHOT
TABLE 93. ELAPHE PROPULSION TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 94. ELAPHE PROPULSION TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 95. NTN CORPORATION: COMPANY SNAPSHOT
TABLE 96. NTN CORPORATION: OPERATING SEGMENTS
TABLE 97. NTN CORPORATION: PRODUCT PORTFOLIO
TABLE 98. TDCM: COMPANY SNAPSHOT
TABLE 99. TDCM: PRODUCT PORTFOLIO
TABLE 100. MAC SHANGHAI ELECTRIC MOTOR COMPANY LTD.: COMPANY SNAPSHOT
TABLE 101. MAC SHANGHAI ELECTRIC MOTOR COMPANY LTD.: PRODUCT PORTFOLIO
TABLE 102. ACCELL GROUP: COMPANY SNAPSHOT
TABLE 103. ACCELL GROUP: OPERATING SEGMENTS
TABLE 104. ACCELL GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 07. TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 2016–2019*
FIGURE 09. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE THREAT OF SUBSTITUTES
FIGURE 12. HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13. HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14. MARKET SHARE ANALYSIS (2018)
FIGURE 15. GLOBAL HUB MOTORS MARKET SHARE, BY PRODUCT, 2018–2026 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET FOR PEDELECS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET FOR THROTTLE ON DEMAND, BY COUNTRY, 2018 & 2026 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET FOR SCOOTER OR MOTORCYCLE, BY COUNTRY, 2018 & 2026 (%)
FIGURE 19. GLOBAL HUB MOTORS MARKET SHARE, BY SALES CHANNEL, 2018–2026 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET FOR OEM, BY COUNTRY, 2018 & 2026 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET FOR AFTERMARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 22. GLOBAL HUB MOTORS MARKET SHARE, BY POSITION, 2018–2026 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET FOR FRONT HUB MOTOR, BY COUNTRY, 2018 & 2026 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET FOR REAR HUB MOTOR, BY COUNTRY, 2018 & 2026 (%)
FIGURE 25. HUB MOTORS MARKET, BY REGION, 2018-2026 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 27. U. S. HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 28. CANADA HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 29. MEXICO HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 31. U.K. HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 32. NETHERLANDS HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 33. GERMANY HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 34. FRANCE HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 35. ITALY HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 36. REST OF EUROPE HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 37. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 38. CHINA HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 39. JAPAN HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 40. INDIA HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 41. AUSTRALIA HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 42. VIETNAM HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 43. REST OF ASIA-PACIFIC HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 44. COMPARATIVE SHARE ANALYSIS OF HUB MOTORS MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 45. LATIN AMERICA HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 46. MIDDLE EAST HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 47. AFRICA HUB MOTORS MARKET, 2018–2026 ($MILLION)
FIGURE 48. SCHAEFFLER TECHNOLOGIES AG & CO. KG.: REVENUE, 2016–2018 ($MILLION)
FIGURE 49. SCHAEFFLER TECHNOLOGIES AG & CO. KG.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 50. SCHAEFFLER TECHNOLOGIES AG & CO. KG.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 51. ROBERT BOSCH: REVENUE, 2016–2018 ($MILLION)
FIGURE 52. ROBERT BOSCH GMBH: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 53. ROBERT BOSCH GMBH: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 54. HYUNDAI MOBIS: REVENUE, 2016–2018 ($MILLION)
FIGURE 55. HYUNDAI MOBIS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 56. HYUNDAI MOBIS: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 57. SIEMENS AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 58. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 59. SIEMENS AG: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 60. NTN CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 61. NTN CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 62. NTN CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 63. ACCELL GROUP: REVENUE, 2016–2018 ($MILLION)
FIGURE 64. ACCELL GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 65. ACCELL GROUP: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
Hub motor, also known as in-wheel motor, wheel motor, or wheel hub drive, is an electric motor that in installed in hub of the wheel. In addition, these types of motors are majorly used in electric bicycles and exhibit remarkable rise in different applications such as commercial vehicles and electric cars.
Rise in production of vehicles with in-wheel electric motors drives the growth of the hub motor market. In addition, enhanced performance of electric vehicle due to hub motor systems is expected to fuel the growth of the market. However, less operating speed and complex structure of hub motors restrain the growth of the market. Further, increase in penetration of electric vehicle globally is expected to offer remarkable growth opportunity for the players operating in the hub motor market.
Among the analyzed regions, currently, Asia-Pacific is the highest revenue contributor and is anticipated to exhibit remarkable growth rate during the forecast period, followed by Europe, North America, and LAMEA.
A. Business expansion and product launch are new competitive developments in hub motor market.
A. The global automotive hub motor market was valued at $12,247.14 million in 2018, and is projected to reach $17,453.11 million by 2026, registering a CAGR of 4.4% from 2019 to 2026
A. The report sample for hub motor market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
A. E-bike manufacturers and electric vehicle manufacturers are the potential customers of the hub motors.
A. The leading players in market of hub motors Schaeffler technologies AG & CO. KG, Robert Bosch GmbH, Hyundai Mobis, Siemens AG, QS Motor, Elaphe Propulsion Technologies Ltd., NTN Corporation, TDCM, MAC Shanghai Electric Motor Company Ltd, Accell Group.
A. The data of the top market players of hub motor market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the hub motor marekt as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.
A. Europe will provide more business opportunities for hub motor in future.
A. Schaeffler technologies AG & CO. KG, Robert Bosch GmbH, Hyundai Mobis, Siemens AG, QS Motor, Elaphe Propulsion Technologies Ltd., NTN Corporation, TDCM, MAC Shanghai Electric Motor Company Ltd, Accell Group are the service providers of hub motor industry.
A. Business expansion and product launch are the key growth strategies of hub motor industry players.
A. Due to the government imposed lockdown and unavailability of skilled workers, the hub motor manufacturers has halted the manufacturing process, which in turn result in the significant deline in the hub motor market.
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