Global Hub Drive Motor Market Growth 2023-2029

Global Hub Drive Motor Market Growth 2023-2029

The hub drive motor adopts a distributed drive, integrating the drive, transmission and braking devices into the hub, omitting transmission components such as clutches, transmissions, rotating shafts, differentials and transfer cases, which can greatly improve transmission efficiency. In the application of new energy vehicles, the in-wheel drive motor can act as a supplementary power for starting and rapid acceleration, effectively reducing fuel consumption by 30%. At the same time, it can achieve 80% braking energy recovery and improve the vehicle's cruising range. However, due to In-wheel motors add unsprung mass, which affects vehicle handling. In addition, there are many challenges to be overcome in terms of water, dust, shock, and heat dissipation.

LPI (LP Information)' newest research report, the “Hub Drive Motor Industry Forecast” looks at past sales and reviews total world Hub Drive Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected Hub Drive Motor sales for 2023 through 2029. With Hub Drive Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hub Drive Motor industry.

This Insight Report provides a comprehensive analysis of the global Hub Drive Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hub Drive Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hub Drive Motor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hub Drive Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hub Drive Motor.

The global Hub Drive Motor market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Hub Drive Motor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Hub Drive Motor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Hub Drive Motor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Hub Drive Motor players cover Elaphe, Schaeffler, TM4, Michelin, Bridgestone Corporation, NTN, Zhejiang Asia-pacific Mechanical & Electronic, Zhejiang Vie Science & Technology and TeT Drive Technology, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Hub Drive Motor market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Below 30 KW
30 KW-60 KW
Above 60 KW

Segmentation by application
Commercial Car
Passenger Car

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Elaphe
Schaeffler
TM4
Michelin
Bridgestone Corporation
NTN
Zhejiang Asia-pacific Mechanical & Electronic
Zhejiang Vie Science & Technology
TeT Drive Technology
THB Group
APG
Evergrande Ruibo Power Technology (Shenzhen)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hub Drive Motor market?

What factors are driving Hub Drive Motor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hub Drive Motor market opportunities vary by end market size?

How does Hub Drive Motor break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.