Global Hub Motor Market to 2025 - Increasing Popularity Of E-Bikes Will Boost The Demand For Hub Motors

DUBLIN, Nov. 7, 2018 /PRNewswire/ --

The "Hub Motor Market by Installation, Vehicle, Motor, Sales Channel, Power Output, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global hub motor market is projected to grow at a CAGR of 5.03% during the forecast period to reach USD 11.17 billion by 2025 from an estimated USD 7.92 billion in 2018.

Hub motor improves the performance of electric vehicles. Hub motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle. The other benefits of hub motor technology is that it provides a pleasant and an effortless ride, e.g. in case of bicycles when a rider does not feel like pedaling.

Electric bikes account for largest market size during forecast period

The electric bikes segment is estimated to be the largest of the global hub motor market in 2018. The market growth of hub motors can be attributed to factors such as high torque, increased power, and provision of better vehicle handling to both new and existing vehicles. The increasing support from governments in France and Norway and the OEM's efforts to improve the existing electric two wheelers models are expected to drive the sales of electric bikes during the forecast period, which, in turn, would boost the demand for hub motors for electric bikes.

By Installation type, rear hub motor is expected to be the largest contributor in the hub motor market during the forecast period.

Rear hub motors are predominantly used in the global hub motor market. This type of installation provides powerful acceleration, better traction, and high flexibility. The powerful hub motors are appropriate for rear installation because higher power can be better handled in the rear wheel of the e-bikes. Major electric two wheeler manufacturers prefer installing hub motors in the rear wheel to take advantage of the traction control.

In motor type, geared hub motor is expected to grow at the fastest rate during the forecast period.

The geared hub motor is the largest and the fastest growing segment for motor type in the global hub motor market as it controls the speed of a vehicle. Geared hub motors provide high torque which helps in driving on mountains or hills. Asia Pacific is the largest market for geared hub motor. Geared hub motors are lighter in weight and smaller in size; hence, their major application is in e-bikes. The increasing sales of e-bikes in the Asia Pacific region will boost the demand for geared hub motor in this region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities In The Hub Motor Market
4.2 Asia Pacific To Lead The Global Hub Motor Market By 2025
4.3 Hub Motor Market, By Power Output Type, 2018
4.4 Hub Motor Market, By Installation Type, 2018 Vs. 2025
4.5 Hub Motor Market, By Motor Type
4.6 Hub Motor Market, By Vehicle Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Performance Efficiency Of A Vehicle
5.2.1.2 Increases Range Of A Vehicle
5.2.2 Restraints
5.2.2.1 Mid-Drive Motors As An Alternative Option
5.2.3 Opportunities
5.2.3.1 Increasing Sales Of Electric Two Wheelers Globally
5.2.4 Challenges
5.2.4.1 Increase In Unsprung Weight Of The Wheel
5.2.4.2 High Cost

6 Industry Trends
6.1 Mid-Drive Motor
6.1.1 Major Applications Of Mid-Drive Motor
6.2 Neighborhood Electric Vehicle (Nev)

7 Hub Motor Market, By Vehicle Type
7.1 Introduction
7.2 E-Bikes
7.2.1 Increasing Popularity Of E-Bikes Will Boost The Demand For Hub Motors
7.3 E-Scooters/Mopeds
7.3.1 Growing Use Of E-Scooters/Mopeds As Alternative Transport Mobility Will Boost The Demand
7.4 E-Motorcycles
7.4.1 Asia Pacific Is The Largest Market For E-Motorcycles

8 Hub Motor Market, By Installation Type
8.1 Introduction
8.2 Front Hub Motor
8.2.1 Factors Such As Equal Weight Distribution Will Boost The Demand For Front Hub Motor
8.3 Rear Hub Motor
8.3.1 Benefits Such As High Traction And Powerful Acceleration Will Boost The Demand For Rear Hub Motor

9 Hub Motor Market, By Motor Type
9.1 Introduction
9.2 Gearless Hub Motor
9.2.1 Benefits Such As High Durability And Power Will Boost The Demand For Gearless Hub Motor
9.3 Geared Hub Motor
9.3.1 Asia Pacific To Lead The Geared Hub Motor Market Between 2018 And 2025

10 Hub Motor Market, By Power Output Type
10.1 Introduction
10.2 Below 1000 W
10.2.1 Increase In Sales Of E-Bikes Will Boost The Demand For Below 1000 W Hub Motors
10.3 1000-3000 W
10.3.1 Increase In Sales Of E-Scooters/Mopeds Will Boost The Demand For 1000-3000 W Hub Motors
10.4 Above 3000 W
10.4.1 Increase In Sales Of E-Motorcycles Will Boost The Demand For Above 3000 W Hub Motors

11 Hub Motor Market, By Sales Channel
11.1 Introduction
11.2 Aftermarket
11.3 Oe Market

12 Hub Motor Market, By Region
12.1 Introduction
12.2 Asia Pacific
12.2.1 China
12.2.1.1 Government Regulations For Low Emission Vehicles In China Expected To Drive The Hub Motor Market
12.2.2 India
12.2.2.1 Increase In Sales Of Electric Scooter/Mopeds In India Expected To Drive The Hub Motor Market
12.2.3 Japan
12.2.3.1 Presence Of Major E-Bike Manufacturers In Japan Expected To Drive The Hub Motor Market
12.2.4 South Korea
12.2.4.1 Government Promoting Eco-Friendly Electric Scooters In South Korea Is Expected To Drive The Hub Motor Market
12.2.5 Taiwan
12.2.5.1 Taiwan Expected To Witness The Highest Growth Rate In The Asia Pacific Geared Hub Motor Market
12.3 Europe
12.3.1 Austria
12.3.1.1 Increase In E-Bike Sales In Austria Expected To Drive The Hub Motor Market
12.3.2 France
12.3.2.1 Government E-Bikes Purchase Subsidy Expected To Drive The French Hub Motor Market 69
12.3.3 Germany
12.3.3.1 E-Bikes As A Preferred Mode Of Mobility In Germany Expected To Drive The Hub Motor Market
12.3.4 Italy
12.3.4.1 Consumer Preference Toward E-Bikes In Italy Will Boost The Hub Motor Market
12.3.5 Netherlands
12.3.5.1 Rising E-Bike Popularity In The Netherlands Will Boost The Demand For Hub Motors
12.3.6 Spain
12.3.6.1 Increase In Sales Of Electric-Scooters/Mopeds Is Expected To Drive The Spanish Geared Hub Motor Market
12.3.7 United Kingdom
12.3.7.1 Growth In E-Bike Imports Expected To Drive The UK Hub Motor Market
12.4 North America
12.4.1 Canada
12.4.1.1 Canada Expected To Witness The Highest Growth Rate In The North American Geared Hub Motor Market
12.4.2 US
12.4.2.1 The US Accounted For The Largest Market Size In The North American Geared Hub Motor Market

13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Situation & Trends
13.3.1 New Product Developments
13.3.2 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements

14 Company Profiles
14.1 Key Players
14.1.1 Qs Motor
14.1.2 Schaeffler
14.1.3 Michelin Group
14.1.4 Jiashan Neopower International Trade
14.1.5 Elaphe Ltd
14.1.6 Ntn
14.1.7 Tajima Ev
14.1.8 Tdcm Corporation
14.1.9 Go Swissdrive
14.1.10 Mac Motor
14.1.11 Leaf Motor
14.1.12 Robert Bosch
14.2 Key Players From Other Regions
14.2.1 North America
14.2.1.1 Specialized Bicycle Components
14.2.1.2 Enertrac Corporation
14.2.1.3 Trek
14.2.1.4 Victory Motorcycles
14.2.1.5 Zero Motorcycles
14.2.1.6 Luna Cycle
14.2.2 Europe
14.2.2.1 Heinzmann
14.2.2.2 Accell Group
14.2.2.3 Pon Bike Group
14.2.3 Asia Pacific
14.2.3.1 Fuji-Ta
14.2.3.2 Geoby
14.2.3.3 Tainjin Golden Wheel
14.2.3.4 Giant
14.2.3.5 Merida
14.2.3.6 Uu Motor

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