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Hub Motor Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

Feb 3rd 2020 at 3:58 AM

Automotive Hub Motor Market is forecast to reach $13.8 billion by 2025 growing at a CAGR of 7.2% during 2020-2025. Increased demand for electric vehicles, stringent government rules for reducing fossil fuel vehicles are expected to accelerate the hub motor market during forecast period.

By Installation type- Segment Analysis
Rear Hub Motor segment dominated the Hub Motor Market share in 2018. Most of the electric two wheeler manufacturers prefer to deploy hub motors in the rear wheel to take advantage of the traction control.Apart from that, rear hub motor provides high power handling, powerful acceleration, and high flexibility. Hence, these motors are now widely used in modern electric and hybrid vehicle.

By Motor type- Segment Analysis
The geared hub motor is the largest and the fastest growing segment with a CAGR of 5.30% as it provides the flexibility in controlling the speed of the vehicle. Geared hub motors provide high torque which helps in driving the vehicle easily. Geared hub motors are lighter in weight and smaller in size and hence is suitable for e-bike application. China is the largest market for Hub Motor in Asia Pacific because it is promoting the use of electric two wheelers to lower the rising pollution and vehicle emissions in the country. It is the world’s largest producer of e-bikes, electric bike kit.

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Geography- Segment Analysis
In 2018, APAC dominated the Hub Motor market size with a share of more than 62.5%. The economy of APAC is majorly influenced by the countries such as China and India. In these countries, the government are aggressively implementing regulatory framework to reduce the environmental footprint and fuel consumption in automobiles. According to new regulation in China, the government is planning to ban the production and sales of fossil fuel vehicles. Similarly, China is creating opportunity for Hub Motor industry with the increased sales of electric bikes and electric scooters.


Challenges – Hub Motor Market Issue of Unsprung Weight

The major challenge facing hub motors is the issue of unsprung weight. Unsprung weight is the mass of all components not supported by a car’s suspension.  So adding hub motors could vastly increase the unsprung weight and hurt performance. High Competition from mid drive motors is also a challenging factor for hub dive motor.Mid-drive motors can leverage the lower gears of the bike and keep their RPMs in an efficient range without getting bogged down like a hub motor. MarketLandscape Product Launch and R&D activities are key strategies adopted by players in the Hub motor market. In 2018, the market of Hub Motor industry outlook has been consolidated by the top five players accounting for 55.47% of the share. Hub Motor top 10 companies include Accell Group, Elaphe Ltd, Enertrac Corporation, Fuji-Ta, Jiashan Neo power International Trade Schaeffler Technologies and QS Motor among others.

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Related Reports:

A. Electric Vehicle Market

About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Media Contact: Mr.Venkat Reddy

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