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 aims to provide a comprehensive presentation of the global market for Hub Motor for Electric Vehicles (EVs), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hub Motor for Electric Vehicles (EVs). 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, 2018-2023, 2024-2030, ($ millions)
Global Hub Motor for Electric Vehicles (EVs) Market Sales, 2018-2023, 2024-2030, (K Units)
Global top five Hub Motor for Electric Vehicles (EVs) companies in 2022 (%)
The global Hub Motor for Electric Vehicles (EVs) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In terms of cooling type, the water cooled segment holds a prominent share of the hub motor market for EVs. Water cooled system provides continuous ventilation to the system, as water/liquid flows through the tubes or passages that are provided on the hub motor system. It also includes all liquid cooled system, which helps lower the temperature of the hub motor.
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, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, by Type, 2022 (%)
Water Cooled
Air Cooled
Global Hub Motor for Electric Vehicles (EVs) Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, by Application, 2022 (%)
Passenger Vehicles
Commercial Vehicles
Global Hub Motor for Electric Vehicles (EVs) Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (Estimated), ($ millions)
Key companies Hub Motor for Electric Vehicles (EVs) revenues share in global market, 2022 (%)
Key companies Hub Motor for Electric Vehicles (EVs) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Hub Motor for Electric Vehicles (EVs) sales share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hub Motor for Electric Vehicles (EVs), market overview.
Chapter 2: Global Hub Motor for Electric Vehicles (EVs) market size in revenue and volume.
Chapter 3: Detailed analysis of Hub Motor for Electric Vehicles (EVs) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hub Motor for Electric Vehicles (EVs) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Hub Motor for Electric Vehicles (EVs) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
