Report overview
Hub motor for electric vehicle, also referred to as in-wheel hub motor, or electric hub, or wheel hub motor, is an electrical motor attached to the wheels of an automobile, designed typically to drive the wheel directly with higher efficiency. Hub motor for electric vehicles (EVs), which are integrated with wheel bearing and hub is a low-cost solution that offers flexibility, as it can power both rear and front-wheel drive vehicles, as well as all-wheel-drive versions. The hub motor for EVs delivers maximum torque at low rpm, letting the vehicle start. This makes the hub motor ideal for an electric vehicle, as it requires maximum torque at startup.
This report contains market size and forecasts of Hub Motor for Electric Vehicles (EVs) in global, including the following market information:
Global Hub Motor for Electric Vehicles (EVs) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Hub Motor for Electric Vehicles (EVs) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Hub Motor for Electric Vehicles (EVs) companies in 2021 (%)
The global Hub Motor for Electric Vehicles (EVs) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Water Cooled Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Hub Motor for Electric Vehicles (EVs) include Protean Electric, Ziehl-Abegg, Schaeffler Technologies, ZF Friedrichshafen, Elaphe, Heinzmann GmbH, TM4, Evans Electric and Siemens, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Hub Motor for Electric Vehicles (EVs) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hub Motor for Electric Vehicles (EVs) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, by Type, 2021 (%)
Water Cooled
Air Cooled
Global Hub Motor for Electric Vehicles (EVs) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicles
Commercial Vehicles
Global Hub Motor for Electric Vehicles (EVs) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hub Motor for Electric Vehicles (EVs) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Hub Motor for Electric Vehicles (EVs) revenues share in global market, 2021 (%)
Key companies Hub Motor for Electric Vehicles (EVs) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Hub Motor for Electric Vehicles (EVs) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Protean Electric
Ziehl-Abegg
Schaeffler Technologies
ZF Friedrichshafen
Elaphe
Heinzmann GmbH
TM4
Evans Electric
Siemens
Kolektor
Printed Motor Works
NSK
NTN Corporation
GEM Motors
e-Traction
Hyundai Mobis
YASA Limited
