The global hub motor market for electric vehicle is expected to reach US$ 25.5 Bn by 2027, expanding at a CAGR of 22.1% during the forecast period 2020 to 2027.
Rise in demand for fuel-efficient and lightweight vehicles across the globe, which provide comfort and noiseless driving, is likely to propel the hub motor market for electric vehicle. Increase in vehicle electrification across the globe due to enactment of vehicle emission standards is likely to boost the demand for electric vehicles across the globe. Moreover, rise in technological development, including wireless hub motor, is projected to lead to the development of advanced electric vehicles including those, which receive electricity wirelessly through transmitting coils that are embedded in road surfaces. This is anticipated to augment the hub motor market for electric vehicle across the globe.
Based on vehicle type, the passenger vehicle segment dominated the global hub motor market for electric vehicle due to a rise in production of passenger vehicles across the globe. Rise in penetration of electric vehicles is estimated to further boost the hub motor market for electric vehicle across the globe.
Based on electric vehicle type, the battery electric vehicle segment dominated the market, as the demand for battery electric vehicles has been rising across the globe due to enactment of stringent rules and regulations regarding vehicle emission. However, major vehicle manufacturers are investing in research & development of battery electric vehicles, which is likely to propel the hub motor market for electric vehicle market across the globe.
Asia Pacific and Europe are projected to be highly lucrative markets during the forecast period. This is primarily due to the presence of prominent automotive industry in China, Japan, and India. Major presence of original equipment manufacturers and tier-1 suppliers across Europe is anticipated to drive the hub motor market for electric vehicle in the region during the forecast period.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
Demand to Dip in 2020 amid COVID-19 Pandemic
The COVID-19 pandemic has had a catastrophic effect on the automotive sector around the world. As the COVID-19 infection spreads, government authorities around the world have been largely focusing on restricting the transmission of the novel coronavirus by imposing stringent lockdowns and restrictions on cross-border trade and transportation. Operations across the entire supply chain within the automotive sector have been largely disrupted by the COVID-19 pandemic due to which, the demand and supply for hub motors is likely to remain lower than initial projections.
The industrial lockdown in China in the first quarter of 2020 has put forward several barriers across the supply chain due to which, market growth is expected to remain sluggish in 2020. The demand for electric vehicles is projected to hit a record-low in comparison with the previous years, which, in turn, is likely to have a direct impact on the expansion of the hub motor market for electric vehicle, particularly in the Asia Pacific region.
Key players operating in the global hub motor market for electric vehicle include
Global Hub Motor Market for Electric Vehicle: Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Hub Motor Market, By Vehicle Type
7.1. Hub Motor Market, by Vehicle Type, 2020-2027
7.1.1. Passenger Vehicle
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Commercial Vehicle
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Hub Motor Market, By Drive Type
8.1. Hub Motor Market, by Drive Type, 2020-2027
8.1.1. All- Wheel Drive
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Front Wheel Drive
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Rear Wheel Drive
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Hub Motor Market, By Electric Vehicle Type
9.1. Hub Motor Market, by Electric Vehicle Type, 2020-2027
9.1.1. Battery Electric Vehicle
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Plug-in Hybrid Electric Vehicle
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Hybrid Electric Vehicle
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Hub Motor Market, By Sales Channel
10.1. Hub Motor Market, by Sales Channel, 2020-2027
10.1.1. OEM
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Aftermarket
10.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Hub Motor Market, By Cooling Type
11.1. Hub Motor Market, by Cooling Type, 2020-2027
11.1.1. Water Cooled
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Air Cooled
11.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 12. Global Hub Motor Market, By Brake Type
12.1. Hub Motor Market, by Brake Type, 2020-2027
12.1.1. Regenerative Brake
12.1.1.1. Market Revenue and Forecast (2016-2027)
12.1.2. Conventional Brake
12.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 13. Global Hub Motor Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.1.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.1.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.1.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.1.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.1.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.1.7. U.S.
13.1.7.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.1.7.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.1.7.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.1.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.1.7.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.1.7.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.1.8.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.1.8.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.1.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.1.8.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.1.8.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.2.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.2.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.2.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.2.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.2.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.2.7. UK
13.2.7.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.2.7.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.2.7.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.2.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.2.7.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.2.7.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.2.8. Germany
13.2.8.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.2.8.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.2.8.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.2.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.2.8.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.2.8.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.2.9. France
13.2.9.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.2.9.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.2.9.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.2.9.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.2.9.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.2.9.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.2.10. Rest of Europe
13.2.10.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.2.10.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.2.10.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.2.10.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.2.10.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.2.10.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.3.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.3.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.3.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.3.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.3.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.3.7. India
13.3.7.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.3.7.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.3.7.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.3.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.3.7.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.3.7.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.3.8.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.3.8.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.3.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.3.8.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.3.8.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.3.9. Japan
13.3.9.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.3.9.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.3.9.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.3.9.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.3.9.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.3.9.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.3.10. Rest of APAC
13.3.10.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.3.10.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.3.10.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.3.10.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.3.10.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.3.10.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.4.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.4.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.4.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.4.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.4.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.4.7. GCC
13.4.7.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.4.7.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.4.7.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.4.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.4.7.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.4.7.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.4.8.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.4.8.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.4.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.4.8.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.4.8.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.4.9. South Africa
13.4.9.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.4.9.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.4.9.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.4.9.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.4.9.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.4.9.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.4.10. Rest of MEA
13.4.10.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.4.10.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.4.10.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.4.10.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.4.10.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.4.10.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.5.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.5.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.5.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.5.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.5.7. Brazil
13.5.7.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.5.7.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.5.7.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.5.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.5.7.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.5.7.6. Market Revenue and Forecast, by Brake Type (2016-2027)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
13.5.8.2. Market Revenue and Forecast, by Drive Type (2016-2027)
13.5.8.3. Market Revenue and Forecast, by Electric Vehicle Type (2016-2027)
13.5.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
13.5.8.5. Market Revenue and Forecast, by Cooling Type (2016-2027)
13.5.8.6. Market Revenue and Forecast, by Brake Type (2016-2027)
Chapter 14. Company Profiles
14.1. ZIEHL- ABEGG
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. HEINZMANN GmbH & Co. KG
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Protean electric.
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Bonfiglioli Riduttori S.p.A.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. ZF Friedrichshafen AG
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. NSK Limited
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Evans Electric
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Hyundai Mobis Co. Ltd.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. TM4 Inc., e-traction B.V.
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Kolektor
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers