Global Hub Motor Market (2019 to 2026) - by Product, Sales Channel, and Position - ResearchAndMarkets.com

DUBLIN--()--The "Hub Motor Market by Product, Sales Channel, and Position: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.

According to this report the global hub motor market size was valued at $12.25 billion in 2018, and is projected to reach $17.45billion by 2026, registering a CAGR of 4.4% from 2019 to 2026.

In vehicles with in-wheel motor, hub motors are installed close to the drive wheels that rotate the wheels through extremely small drive shaft, which results in a zero-time lag. As the time lag with this system is zero, motor power is transmitted to the wheel instantaneously and offer a very precise control over the wheel. In addition, the left and right wheels are driven by the separated motors due to which the torque for each wheel can be controlled independently.

The market is anticipated to witness a significant growth over the years, owing to enhanced performance of electric vehicle due to hub motor systems.

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.

Key Benefits

  • This study presents the analytical depiction of the global hub motormarket along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
  • Porter's five forces analysis illustrates the potency of the buyers and suppliers.

Key Findings

  • On the basis of product, the throttle on demand segmentis anticipated to exhibit a remarkable growth during the forecast period.
  • On the basis of sales channel, the aftermarket segment is the highest contributing segment in 2018, in terms of revenue.
  • Region wise, Europe is the fastest growing region, followed by North America, Asia-Pacific, and LAMEA.

Market Dynamics

Drivers

  • Rise in production of vehicles with in-wheel electric motors
  • Enhanced performance of electric vehicle due to hub motor systems

Restraint

  • Less operating speed and complex structure of hub motors

Opportunities

  • Increase in penetration of electric vehicles

Companies Mentioned

  • 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

For more information about this report visit https://www.researchandmarkets.com/r/jkhdzz

Contacts

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press@researchandmarkets.com
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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900