Global Hub Motors Market Growth 2024-2030

Global Hub Motors Market Growth 2024-2030

Hub motor is an electrical motor attached to the wheels of an automobile, designed typically to drive the wheel directly with higher efficiency.

The global Hub Motors market size is projected to grow from US$ 9307.1 million in 2023 to US$ 15570 million in 2030; it is expected to grow at a CAGR of 7.6% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Hub Motors Industry Forecast” looks at past sales and reviews total world Hub Motors sales in 2023, providing a comprehensive analysis by region and market sector of projected Hub Motors sales for 2024 through 2030. With Hub Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hub Motors industry.

This Insight Report provides a comprehensive analysis of the global Hub Motors 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 Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hub Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hub Motors 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 Motors.

Asia Pacific accounts for a prominent share of the global hub motor market. Surge in adoption of electric buses in Asia Pacific is a major factor boosting the hub motor market in the region.

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

Segmentation by type
Less than 700 Nm
More than 700 Nm

Segmentation by application
Passenger Vehicles
Commercial Vehicles

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.
Protean Electric
Ziehl-Abegg
Schaeffler Technologies
ZF Friedrichshafen
Elaphe
Heinzmann GmbH
TM4
Evans Electric
Siemens
Kolektor
Printed Motor Works
NSK
NTN Corporation
GEM Motors
e-Traction
Hyundai Mobis
YASA Limited

Key Questions Addressed in this Report

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

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

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

How do Hub Motors market opportunities vary by end market size?

How does Hub Motors break out type, application?

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