Automotive Hub Motors Market Report 2022: Consistently Rising Penetration of Electric Bicycles Bolsters Sector – ResearchAndMarkets.com


Dublin–(business wire)–Added “Automotive Hub Motor Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022-2030” report. of ResearchAndMarkets.com Recruitment.

This report offers strategic insights on the global Automotive Hub Motor Market along with market size and forecasts from 2020 to 2030. This research study covers an in-depth analysis of market segments based on motor types, applications, and cross-sections. Research across different regions and geographies.

The most prominent factor driving the growth of the market is the consistently rising penetration of electric bicycles and automobiles in various countries including China, Germany, Japan, Belgium, Norway, France, UK and Netherlands. am. The penetration of electric vehicles is growing strongly, especially in Europe. Thereafter, the demand for hub motors will continue to expand over the forecast period.

Another prominent factor driving market growth is the superior advantages of automotive hub motors over conventional drives. Several hub motor manufacturers are working to develop viable hub motor designs for a wide variety of vehicles. In the near future, many major automakers have expressed a desire to enter the electric vehicle segment, given its great potential. Therefore, the automotive hub motor market can take advantage of this electric vehicle growth. Nevertheless, the main concern of the automotive hub motor market is the absolute need for an on-board power supply in the vehicle. Similarly, unsprung weight is another major concern affecting the design of vehicles with hub motors.

To assist strategic decision makers, this report also includes competitive profiling, business strategy analysis, market positioning, and key developments of leading automotive hub motor vendors. Key players profiled in the report include Heinzmann GmbH & Co. KG, Protean Electric Ltd., Elaphe Ltd., Taizhou Quanshun Motor Co., Ltd., Mitsubishi Motors, Schaeffler Technologies AG & Co. KG, TDCM Corporation Ltd., Michelin Group, Magnetic Systems Technology Ltd., SIM-Drive Corporation, GO SwissDrive AG, QS Motor Co., Ltd. and several others. Apart from company profiles, the report includes a section covering the competitive landscape where the company’s market positioning is discussed. This section also discusses the key business strategies adopted by key market players. Other detailed analysis provided in the report includes:

In 2021, the overall global automotive hub motor market will be driven by the two-wheeler segment. This segment contributes to more than 40% of his global market revenue in 2020. E-bikes, scooters and bicycles have a fairly high penetration rate in various countries around the world. Few countries like China, Japan, South Korea, Germany and the Netherlands have a high penetration of electric two-wheelers. This segment will continue its strong growth over the forecast period owing to the continuously increasing adoption of electric two-wheelers from countries such as the United States, India and other European countries.

The electric vehicle segment has yet to recover due to relatively little commercialization of these vehicles. There are currently several electric vehicles on the market, but electric vehicles are still less popular than the two-wheeler segment. With consistent efforts towards improving the design and affordability of electric vehicles, this segment is expected to experience high growth in the coming years. This increases the demand for related parts such as hub motors. Electric vehicles will then register the highest growth during the forecast period.

The global automotive hub motor market is led by the Asia-Pacific region. In 2020, this region contributes more than 40% of he total market revenue generated worldwide. The automotive hub motor market here is mainly dominated by countries such as China, Japan, and some of the Southeast Asian countries. These countries have a high penetration rate of electric motorcycles and are the most important markets for related parts. Additionally, China is one of the largest producers of electric motorcycles and related components. This makes the country one of the largest markets for hub motors.

type

  • Direct drive (gearless) hub motor

  • geared hub motor

application

  • motorcycle

  • Electric car

  • commercial vehicle

Key questions answered in this report

  • What are the key micro- and macro-environmental factors influencing the growth of the automotive hub motor market?

  • What are the major investment pockets for product segments and geographies at present and during the forecast period?

  • Estimated forecasts and market forecasts to 2030.

  • Which segment will account for the fastest CAGR during the forecast period?

  • Which market segment has the largest market share and why?

  • Are Low and Middle Income Countries Investing in the Automotive Hub Motor Market?

  • Which is the largest regional market for Automotive Hub Motor market?

  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, Middle East and Africa?

  • Which are the key trends driving the growth of the automotive hub motor market?

  • Who are the key competitors and what are the key strategies for increasing their market presence in the global Automotive Hub Motor market?

Main topics:

1. Preface

2. Abstract

3. Automotive Hub Motor Market: Competitive Analysis

4. Automotive Hub Motor Market: Macro Analysis and Market Dynamics

5. Automotive Hub Motor Market: By Type, 2020-2030, USD (Million USD)

6. Automotive Hub Motor Market: By Application, 2020-2030, USD (Million USD)

7. North America Automotive Hub Motor Market, 2020-2030, USD (Million USD)

8. UK and European Union Automotive Hub Motor Market, 2020-2030, USD (Million USD)

9. Asia-Pacific Automotive Hub Motor Market, 2020-2030, USD (Million USD)

10. Latin America Automotive Hub Motor Market, 2020-2030, USD (Million)

11. Middle East and Africa Automotive Hub Motor Market, 2020-2030, USD (Million USD)

12. Company Profile

companies mentioned

  • Heinzmann GmbH & Co. KG

  • Protian Electric Co., Ltd.

  • Erafe Co., Ltd.

  • Taizhou Quan Shun Automobile Co., Ltd.

  • Ltd.

  • Mitsubishi Motors

  • Schaeffler Technologies AG & Co. KG

  • TDCM Corporation Co., Ltd.

  • Michelin Group

  • Magnetic Systems Technology Co., Ltd.

  • Shim Drive Co., Ltd.

  • Go to SwissDrive AG

  • QS Motor Co., Ltd.

For more information on this report, please visit https://www.researchandmarkets.com/r/y57zko.

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