Report Code: A12288 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Two-wheeler Hub Motor Market
Request Now !Automotive hub motor is an electrical motor attached to the wheels of two-wheeler which provide traction by converting electric power to motive power having higher efficiency and flexibility. It reduces the weight of the vehicle, and vehicles power-driven by hub motors are mechanically less complex than conventional motors. Moreover, similar to electric motors, hub motors for two-wheelers generate high torque at low rpms. Through direct connection low-speed with high torque can be attained however incorporation of wheel hub with an additional gearbox facilitate speed and torque as per requirement. Furthermore, hub motors for two wheelers can also work as generator while braking. In addition, two-wheeler hub motor helps in reducing the fuel consumption, lowers maintenance costs and extends the life of two-wheeler. Two-wheeler hub motor is a significant step towards vehicular emission control due to its compact size, flexibility, energy efficiency, and light.
Market Scope and Structure Analysis:
Report Metric | Details |
 Market size available for years |  2020–2030 |
 Base year considered |  2020 |
 Forecast period |  2021–2030 |
 Forecast units |  Value (USD) |
 Segments covered | Vehicle Type, Sales Channel, Installation, Power Output Motor, and Region |
 Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | QS MOTOR, MAC SHANGHAI ELECTRIC MOTOR COMPANY LTD, Bonfiglioli Riduttori S.p.A, NTN Corporation, Heinzmann GmbH & Co. KG, Robert Bosch GmbH, Schaeffler Technologies AG & Co. KG, Elaphe Propulsion Technologies Ltd., Protean Electric, and Hyundai Mobis |
COVID-19 Impact Analysis:
The suppliers of two-wheeler hub motor across the globe have been affected severely due to the restrictions as well as the declared lockdowns which in turn is affecting the hub-motor manufacturers worldwide. As the governments all over the world have declared lockdowns over the past few months, the demand and supply cycle of many hub motor manufacturers is vulnerable since closure of factories. This has caused a major deviation in the growth of two-wheeler hub motor market. Moreover, the supply of electric components required for hub motor manufacturing was disrupted thus, halting the production of hub motor. Also, COVID-19 had a positive impact on electric vehicles thus it is expected that two-wheeler hub motor market will boost after the pandemic.   Â
Top Impacting Factors
Market Trends
Rise in demand for electric vehicles with better vehicle performance
Currently, in electric vehicles hub motor is gaining popularity for its improved driving experience and more power. Since, the power is directly transmitted form the battery to the wheels it reduces the transmission distance and any loss of power while increasing the engine efficiency. Moreover, hub motors are brushless DC motor which allows independent driving and regenerative breaking. These features act as an opportunity for growth of two-wheeler hub motor market.
Rise in stringent government regulations regarding vehicle emission
Many countries such as India and China are taking measures to reduce environmental pollution thus, promoting the adoption of electric vehicles. According, to US Environmental Protection Agency 26% of the total greenhouse gas emission are from automotive & transportation sector. For instance, India is aiming to completely phase out petrol and diesel by 2030 and China is also planning to put a ban on the sale and production of fossil fuel vehicles. Therefore, rise in sale of electric vehicle will drive growth of two-wheeler hub motor market
Key Segments Covered:
Segments | Sub-segments |
 Vehicle Type |
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 Sales Channel |
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 Installation |
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 Power Output |
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 Motor |
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 Region |
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Key Benefits of the Report:
Questions answered in the two-wheeler hub motor market research report:
Two-Wheeler Hub Motor Market Report Highlights
Aspects | Details |
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By Vehicle Type |
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By Sales Channel |
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By Installation |
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By Power Output |
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By Motor |
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By Region |
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Key Market Players | Elaphe Propulsion Technologies Ltd., QS Motor, Heinzmann GmbH & Co. KG, Bonfiglioli Riduttori S.p.A, Mac Shanghai Electric Motor Company Ltd, Protean Electric, NTN Corporation, Hyundai Mobis, Robert Bosch GmbH, Schaeffler Technologies AG & Co. KG |
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