Hub Motors

Hub Motors


The hub motors are the motors which are generally used in an electric motorcycle in order to provide traction by the conversion of stored electric energy to motive power. The motorcycle hub motor arrangement is an important step towards vehicular emission control. In recent years, the demand for motorcycle hub motors has risen dramatically due to the rising production and interest of electric vehicles in industry as well as the benefits of electric vehicles. For instance, recently in Electric and Hybrid Vehicle Technology Expo Elaphe announced for the production of world’s highest-performance In-Wheel Hub Motor.

The Hub Motors Market is expected to grow at a steady rate of around 5% owing to the to the rising production and interest of electric vehicles in industry as well as the benefits of electric vehicles. Furthermore, the need to control the rising pollution through the harmful gases emitted by the vehicles has boosted market growth. Major companies in the market offer Hub motors for different applications with technologically advanced features. For instance, In July 2022, Heinzmann establish itself as a reputable producer of electric motor hub. The product portfolio includes a number of wheel hubs, e-bike drivers, synchronous generator etc.
  • Based on installation type, the motorcycle hub motors market is segmented into front hub motor and rear hub motor. Rear hub vehicles category to witness higher CAGR during the forecast period owing to the powerful acceleration, better traction and high flexibility nature. Major electric two wheeler manufacturer prefer installing hub motors in the rear wheel to take advantage of traction control. Furthermore, the entry of global players into emerging markets adds to the growth of the market. For instance, Lightyear in collaboration with Elaphe developed the most efficient production powertrain in the world.
  • On the basis of motor type, the motorcycle hub motors market is categorized into geared and gearless. Among these, the geared motors to hold a significant share in the market. This is mainly due to the advantages offered by geared motors as it light in weight, smaller in size and helps to control the speed of the vehicles. Geared motors also provide high torque which helps in driving on mountains and hilly areas. Thus, due to its numerous advantages it is leading as compared to gearless motors.
  • Based on sales channel, the motorcycle hub motors market has been classified into OEM (Original equipment manufacturer) and Aftermarket. The aftermath channel witness higher adoption of motor hubs during the forecast period. This is mainly due to the rising of the third party vendors in the hub motor markets. Moreover, the replacement and services options are also available for the hub motor aftermarket. Aftermarket is basically a secondary market offering products and services such as spare parts, machinery etc.
  • For a better understanding of the market adoption of the motorcycle hub motors industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. The largest market in the Asia-Pacific region is China, where the government is continuously promoting the use of electric two-wheelers to fight against the rising pollution levels and car emissions. It produces the huge number of electric bikes anywhere in the world. Due to the rise in the production and sales of electric vehicles, hub motors market is also rising in the region. Also, major players in the market continue to invest in the automotive sectors. For instance, NTN partnered with the Chinese automobile manufacturer. FSAT in order to develop the air-cooled in-wheel motor driving system and the vehicle motion control system. To produce lightweight New Energy Vehicles (NEVs) which use in-wheel motor driving systems, the company will offer technical assistance to FSAT. These businesses have robust global distribution networks. Additionally, these businesses provide a wide variety of OEM products and have relied on partnerships, new product development and agreements as their primary market positioning strategies.
  • Some of the major players operating in the market include Qs Motor, Schaeffler Technologies AG & Co. KG, Michelin Group, NTN Corporation, Ltd, Protean Electric Ltd., Elaphe Ltd, SIM-Drive Corporation, TDCM Corporation Ltd., GO SwissDrive AG, Magnetic Systems Technology Ltd.


1 M ARKET INTRODUCTION
1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation
2 R ESEARCH METHODOLOGY OR ASSUMPTION
2.1.Research Process of the Hub Motor Market
2.2.Research Methodology of the Hub Motor Market
2.4.Respondent Profile
3 M ARKET SYNOPSIS
4 E XECUTIVE SUMMARY
5 I MPACT OF COVID-19 ON THE HUB MOTOR MARKET
6 G LOBAL HUB MOTOR MARKET REVENUE, 2020-2030 F
7 M ARKET INSIGHTS BY INSTALLATION TYPE
7.1.Front
7.2.Rear
8 M ARKET INSIGHTS BY MOTOR TYPE
8.1.Geared
8.2.Gearless
9 M ARKET INSIGHTS BY SALES CHANNEL
9.1.OEM (original equipment manufacturer)
9.2.Aftermarket
10 M ARKET INSIGHTS BY REGION
10.1 N ORTH AMERICA HUB MOTOR MARKET
10.1.1.U.S.
10.1.2.Canada
10.1.3.Rest of North America
10.2 E UROPE HUB MOTOR MARKET
10.2.1.Germany
10.2.2.U.K.
10.2.3.France
10.2.4.Italy
10.2.5.Spain
10.2.6.Rest of Europe
10.3 A SIA PACIFIC HUB MOTOR MARKET
10.3.1.China
10.3.2.Japan
10.3.3.India
10.3.4.Rest of Asia-Pacific
10.4 R EST OF THE WORLD HUB MOTOR MARKET
11 H UB MOTOR MARKET DYNAMICS
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12 H UB MOTOR MARKET OPPORTUNITIES
13 H UB MOTOR MARKET TRENDS & INSIGHTS
14 D EMAND AND SUPPLY SIDE ANALYSIS
14.1.Demand Side Analysis
14.2.Supply Side Analysis
15 V ALUE CHAIN ANALYSIS
16 P RICING ANALYSIS
17 C OMPETITIVE SCENARIO
17.1.Competitive Landscape
17.1.1 P orter’s Five forces analysis
18 C OMPANY PROFILED
18.1.Qs Motor
18.2.Schaeffler Technologies AG & Co. KG
18.3.Michelin Group
18.4.NTN Corporation
18.5.Protean Electric Ltd.
18.6.Elaphe Ltd
18.7.SIM-Drive Corporation
18.8.TDCM Corporation Ltd.
18.9.GO SwissDrive AG
18.10.Magnetic Systems Technology Ltd
19 D ISCLAIMER

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