With a projected valuation of USD 9.76 billion in 2022, the two-wheeler
hub motor market is anticipated to expand at a compound annual growth rate
(CAGR) of 9.7%. An electric motor integrated into the wheel hub of a
two-wheeled vehicle, such as an electric motorcycle, scooter, or bicycle
(e-bike), is known as an electric hub motor or two-wheeler hub motor. Many
benefits come with this motor design, which is frequently found in electric
two-wheelers. An outline of two-wheeler hub motors can be found here.
The most
recent Two-Wheeler Hub Motor Market report from We Market Research offers a
qualitative and quantitative assessment of a wide range of market
characteristics and factors, such as market definition, dynamics, research
methodology, segmentation, and competition landscape. The analysis provides
insights into the current situation of the market and outlines its growth and
expansion strategies for the future.
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The
aftermarket segment is anticipated to experience the two-wheeler hub motor
market's faster expansion. The market for the parts that go into electric
two-wheelers will grow as more people use them. Due to their shorter lifespan
than electric two-wheelers, hub motors will be in more demand in the
aftermarket over the projection period.
Two Wheeler Hub Motor Market Segmental
Analysis
By Vehicle Type
·
Electric Scooter/Moped
·
Electric Bike
·
Electric Motorcycle
·
Others
By Installation
·
Front Hub Motor
·
Rear Hub Motor
By Motor Outlook
·
Geared Hub Motor
·
Gearless Hub Motor
By Sales Channel
·
OEM
·
Aftermarket
By Power Output
·
Below 1 kW
·
(1-3) kW
·
Above 3 kW
Country Scope
North America, U.S., Canada, Mexico, Europe, U.K., Germany,
France, Italy, Spain, Russia, Asia-Pacific, Japan, China, India, Australia,
South Korea, ASEAN, Rest of APAC, South America, Brazil, Argentina, Colombia,
Rest of South America, MEA, South Africa, Saudi Arabia, UAE, Egypt.
Two Wheeler Hub Market
Competitive
Outlook
·
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
·
Elaphe Propulsion Technologies Ltd.
·
Leaf Motor
·
EnerTrac Corporation
·
Others
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