Hub Motor Market Projected to Cross US$ 11.17 billion by 2025 - Global Size, Growth, Trends, Outlook and Future Scope Analysis
The study report hub motor growth opportunities, drivers, industry insights, forecast and analysis. The geared hub motor is the most common motor type adopted for hub motors as it controls the speed of a vehicle. Geared hub motors provide high torque tha
(EMAILWIRE.COM, December 19, 2018 ) The global hub motor market is estimated to grow from USD 7.92 billion in 2018 at a CAGR of 5.03% to reach USD 11.17 billion by 2025. Government purchase incentives for electric two wheelers, increased driving range, reliability, and improved vehicle performance are the factors responsible for the growth of the hub motor market.
Get Free Global Hub Motor Market Research Report Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1757618 .
The geared hub motor segment, by motor type, is the fastest and largest growing segment of the hub motor market. The geared hub motor is the most common motor type adopted for hub motors as it controls the speed of a vehicle. Geared hub motors provide high torque that helps in driving on mountains or hills. Geared hub motors have planetary gears which reduce the vehicle speed, however, they allow the motor to rotate at faster speeds. Hub motors are mainly geared for speed control and durability.
North America is the fastest growing market for EVs, followed by Europe. North America is a regional hub for many renowned electric two wheelers manufacturers known for delivering quality and high-performance vehicles. OEMs in North America such as Trek and Enertrac Corporation are focused on the development of high-performance electric two-wheelers. Victory Motorcycles, Zero Motorcycles, and Luna are the leading OEMs in the US who have launched electric two wheelers nationwide resulting in a huge demand for hub motors.
Get 15% Discount Now on Hub Motar Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1757618 .
A hub motor provides several benefits such as powerful acceleration, high flexibility, and better torque control, which are expected to boost the demand for electric two wheelers in the region, and in turn, boost the demand for hub motors.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the hub motor market.
• By Company Type: Tier I - 42%, Tier II - 40%,and Tier III - 18%,
• By Designation: C Level - 57%, D Level - 29%,and Others - 14%
• By Region: North America - 29%, Europe - 28%, Asia Pacific - 43%
The hub motor market comprises major manufacturers, such as QS Motor (China), Schaeffler (Germany), Michelin (France), JiashanNeo power International Trade (China), Elaphe (Slovenia), NTN (Japan), Tajima EV (Japan), TDCM Corporation (Taiwan), Go SWISSDRIVE (Switzerland), MAC Motor (China), Leaf Motor (China), and Robert Bosch (Germany). The study includes in-depth competitive analysis of these key players in the hub motor market, with their company profiles, recent developments, and key market strategies.
More Information on Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000–3000 W, and Above 3000 W), and Region - Global Forecast to 2025 at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1757618 .
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hub motor market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The market study covers the hub motor market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as by installation type, vehicle type, motor type, sales channel type, power output type, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Get Free Global Hub Motor Market Research Report Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1757618 .
The geared hub motor segment, by motor type, is the fastest and largest growing segment of the hub motor market. The geared hub motor is the most common motor type adopted for hub motors as it controls the speed of a vehicle. Geared hub motors provide high torque that helps in driving on mountains or hills. Geared hub motors have planetary gears which reduce the vehicle speed, however, they allow the motor to rotate at faster speeds. Hub motors are mainly geared for speed control and durability.
North America is the fastest growing market for EVs, followed by Europe. North America is a regional hub for many renowned electric two wheelers manufacturers known for delivering quality and high-performance vehicles. OEMs in North America such as Trek and Enertrac Corporation are focused on the development of high-performance electric two-wheelers. Victory Motorcycles, Zero Motorcycles, and Luna are the leading OEMs in the US who have launched electric two wheelers nationwide resulting in a huge demand for hub motors.
Get 15% Discount Now on Hub Motar Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1757618 .
A hub motor provides several benefits such as powerful acceleration, high flexibility, and better torque control, which are expected to boost the demand for electric two wheelers in the region, and in turn, boost the demand for hub motors.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the hub motor market.
• By Company Type: Tier I - 42%, Tier II - 40%,and Tier III - 18%,
• By Designation: C Level - 57%, D Level - 29%,and Others - 14%
• By Region: North America - 29%, Europe - 28%, Asia Pacific - 43%
The hub motor market comprises major manufacturers, such as QS Motor (China), Schaeffler (Germany), Michelin (France), JiashanNeo power International Trade (China), Elaphe (Slovenia), NTN (Japan), Tajima EV (Japan), TDCM Corporation (Taiwan), Go SWISSDRIVE (Switzerland), MAC Motor (China), Leaf Motor (China), and Robert Bosch (Germany). The study includes in-depth competitive analysis of these key players in the hub motor market, with their company profiles, recent developments, and key market strategies.
More Information on Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000–3000 W, and Above 3000 W), and Region - Global Forecast to 2025 at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1757618 .
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hub motor market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The market study covers the hub motor market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as by installation type, vehicle type, motor type, sales channel type, power output type, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
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ReportsnReports
Mr. Hrishikesh
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results