2 Wheelers Hub Motors Market Size, Statistics, Growth Trend Analysis and Forecast Report, 2022 - 2032

The 2 Wheelers Hub Motors Market is By Vehicle Type (Electric Scooter/Moped, Electric Bike, Electric Motorcycle, Others), By Installation (Front Wheel Hub Motor, Rear Wheel Hub Motor), By Motor Outlook (Geared Hub Motor, Gearless Hub Motor), By Sales Channel (OEM, Aftermarket), By Power Output (Below 1KW, 1-3 KW, Above 3 KW) and By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)

  • Report ID : MD2914
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  • Pages : 210
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  • Tables : 51
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  • Formats :

The 2 Wheelers Hub Motors Market was estimated at US$ XX Billion in 2022 and is expected to reach US$ XX Billion by the end of 2032 with a CAGR of 9.8% during the forecast period.
Hub Motors is an advanced version of Conventional DC Motors. These are basically brushless dc motors which reduce friction and increase the life of the motor with less wearing & tearing. The motor converts the electric energy stored in the battery into rotary motion, which drives the vehicles powertrain. It also eliminates any kind of mechanical intervention which was earlier present in conventional dc motors. Hub motors, therefore, provide the advantage of higher efficiency and life. It is majorly being used in Electric vehicles. Hence, the EV market growth will push the growth rate of Hub motors. According to a report published by the Journal of Orthopedic Surgery and Research in 2021, 18.3% of osteoporosis cases exist globally. It was predominantly found that the condition affects women (23.1%) more than men (11.7%).

Increased Demand for Electric Automobiles with Improved Vehicle Performance to Augment Market Growth
The hub motor is becoming increasingly popular in electric vehicles due to characteristics such as flexibility, lightweight, elasticity, high power efficiency, and compact sizes, which help to minimise maintenance costs and provide a better driving experience. Furthermore, because electric automobiles do not have the main engine, two-wheeler hub motors decrease the need for axles, transmissions, and drivelines. As a result, it contributes to the reduction of mechanical losses in all components between the wheel and the engine, resulting in a quieter vehicle with lower noise generation. Sales of electric bikes have recently surged in response to growing concerns about rapid environmental degradation caused by escalating fossil fuel by-products from traditional fuel-based vehicles. Furthermore, various legislatures are rationally favouring electric motorcycles over traditional light engine vehicles (LMVs), bolstering the revenue development of the bike centre point engine industry. Furthermore, automakers are expected to make critical investments in order to meet the growing demand for electric motorcycles. This is expected to positively impact the 2 Wheelers Hub Motors markets progress.

Increased Governmental Regulation of Car Emissions to Drive Global 2 Wheelers Hub Motors Market
Many countries, like India and China, are taking steps to minimise pollution and promote the use of electric vehicles. According to the US Environmental Protection Agency, the automobile and transportation sectors account for 26% of total greenhouse gas emissions. For example, India intends to phase out petrol and diesel fully by 2030, while China intends to prohibit the sale and manufacture of fossil-fuel cars. Furthermore, some countries around the world are taking steps to reduce rising pollution levels. Governments are likely to develop legislation, goals, and strategies for electric vehicle deployment, urging OEMs and other industry stakeholders to take an active role in expanding electric car adoption. Their goal is to boost end-user confidence in electric two-wheelers by mobilising investments in the form of attractive discounts, sharing services, and conducting awareness campaigns. For example, governments in India, China, and the United States have subsidised the purchase of e-scooters, e-bikes, and e-motorcycles in order to encourage the use of environmentally friendly transportation. Such activities are anticipated to help the electric two-wheeler industry flourish, hence boosting the total market growth and will propel the global two-wheeler hub motor market forward.

High Cost of 2 Wheelers Hub Motors and Lack of Awareness will Hamper Market Growth
Lack of knowledge about the hub motor market and the exorbitant cost of a two-wheeler hub motor. These are the factors which may further impede the market growth of the 2 wheelers hub motors market

North America and Asia Pacific Witness an Uproar in the 2 Wheelers Hub Motor Market
North America dominates the 2 Wheelers Hub Motors market due to rising demand for electric vehicles in countries such as Canada and the United States. Additionally, manufacturers increased their emphasis on building high-performance, greener, and faster electric vehicles. Furthermore, advantages such as greater torque control, rapid acceleration, and improved stability are expected to drive up demand for two-wheeler hub motors. Asia-Pacific is expected to grow during the forecast period. China, Japan, India, and South Korea are also major drivers of market development in the Asia Pacific region. Furthermore, due to the existence of important bike centre engine manufacturers, China is Asia Pacifics largest market for bike centre engines. The Chinese government is actively striving to minimise vehicular pollution by imposing restrictions on gasoline-powered vehicles, which is hastening the adoption of electric vehicles. Furthermore, Chinese customers have received economic incentives in the form of subsidies, which motivates them, even more, to convert to these vehicles, which will propel the markets growth rate in this region.

Top Companies and Recent Strategic Developments
Key players include QS Motor, MAC SHANGHAI ELECTRIC MOTOR COMPANY LTD, TDCM, NTN Corporation, Heinzmann GmbH and Co. KG, Robert Bosch GmbH, Schaeffler Technologies AG and Co. KG and Elaphe Propulsion Technologies Ltd. have consolidated the global market. Significant expenditure in research and development to introduce technologically advanced hub motors is credited with these companies dominance. Moreover, the rise in domestic market players focusing on developing 2 wheelers hub motors is focusing on providing competitive pricing, which is further estimated to cater to the increasing demand among developing markets across the globe.
• In October 2022, an agreement for the acquisition of Roland Arnolds 10% stake in Schaeffler Paravan Technologie GmbH & Co. KG has been signed by Schaeffler Technologies AG & Co. KG and Arnold Verwaltungs GmbH.
• In July 2022, Elaphe join hands with the MIH consortium.
• In June 2022 Aptera Motors, a pioneer in solar EVs and Elaphe ink deal for scale production of the powertrain. Elaphe will build and supply Aptera with in-wheel motors, resulting in a 100,000-unit annual capacity in the Slovenian production centre and further capacity expansion in the US.
• In March 2022, IFT GMBH, An Austrian entity, is acquired by HEINZMANN
• In May 2021, NTN Corporation created the "Ra-sHUB" hub bearing for rear wheels by modifying the "sHUB" hub bearing with a steering aid function, which includes a mechanism that changes the steering angle on front wheel hub bearings.
• In September 2020, Elaphe Propulsion Technologies Ltd. (Elaphe), a global pioneer in electric in-wheel-drive technology for electric vehicles, has announced a 4.2 million Euro A+ investment from EIT InnoEnergy, the innovation engine for sustainable energy across Europe.
• In July 2019, Robert Bosch GmbH announced that it would acquire a 50.0% ownership in MAGURA Bike Parts, a MAGURA subsidiary, in order to establish a joint venture known as MAGURA Bosch Parts & Services GmbH & Co. KG. The development aims to bring the two organisations closer together in the distribution of servicing and replacement parts. Furthermore, the development is aimed to strengthen and extend Boschs services in the European e-bike industry over time.

Years considered for this report
• Historical Years: 2019-2021
• Base Year: 2021
• Forecast Period: 2022-2032

2 Wheelers Hub Motors Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/ projections/ forecast for revenue and unit sales (2022 - 2032)
• Data breakdown for application Industries (2022 - 2032)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies

Industry Segmentation and Revenue Breakdown
Vehicle Type Analysis (Revenue, USD Million, 2022 - 2032)
• Electric Scooter/Moped
• Electric Bike
• Electric Motorcycle
• Others

Installation Analysis (Revenue, USD Million, 2022 - 2032)
• Front Wheel Hub Motor
• Rear Wheel Hub Motor

Motor Outlook Analysis (Revenue, USD Million, 2022 - 2032)
• Geared Hub Motor
• Gearless Hub Motor

Sales Channel Analysis (Revenue, USD Million, 2022 - 2032)
• Aftermarket

Power Output Analysis (Revenue, USD Million, 2022 - 2032)
• Below 1KW
• 1-3 KW
• Above 3 KW

Region Type Analysis (Revenue, USD Million, 2022 - 2032)
• North America (United States, Mexico, and Canada)
• Latin America (Brazil & Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, and others)
• Middle East & Africa
• Asia Pacific (China, India, South Korea, Indonesia, Australia, Vietnam, and others)

Key Companies
• NTN Corporation
• Heinzmann GmbH and Co. KG.
• Robert Bosch GmbH
• Schaeffler Technologies AG and Co. KG
• TVS Motors
• Protean Electric
• Hyundai Mobis
• Elaphe Propulsion Technologies Ltd.

Available Versions of 2 Wheelers Hub Motors Market Report:
United States 2 Wheelers Hub Motors Market Research Report
Europe 2 Wheelers Hub Motors Market Research Report
Asia Pacific 2 Wheelers Hub Motors Market Research Report
India 2 Wheelers Hub Motors Market Research Report

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