Automotive Hub Motors Market By Type (Direct Drive (Gearless) Hub Motor, Geared Hub Motor), By Application (Two-Wheelers, Electric Cars, Commercial Vehicles) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Automotive hub motor, also called as wheel motor, in-wheel motor or wheel hub drive, is an electric motor fitted in the hub of the wheel. These motors are primarily used in electric bicycles and are witnessing steady rise across other applications such as electric cars and commercial vehicles. The most prominent factor driving the market growth is the consistently rising penetration of electric bicycles as well as vehicles across different countries including China, Germany, Japan, Belgium, Norway, France, the U.K. and the Netherlands. The penetration of electric vehicles is witnessing strong growth, especially in Europe. Subsequently, the demand for hub motor would continue expanding over the forecast period.

Another prominent factor fueling the market growth is the superior advantages of automotive hub motors over conventional drives. Several hub motor manufacturers are putting in efforts to develop viable hub motor designs that can cater to wide range of vehicles. In the near future, many major automotive manufacturers have expressed their desire to venture into the electric vehicles segments considering its huge potential. Thus, the automotive hub motor market can capitalize on this growth of the electric vehicles. Nevertheless, major concerns for the automotive hub motors market is the strict necessity of electric supply onboard the vehicle. Similarly, unsprung weight is another major concern affecting the design of vehicles equipped with hub motors.

The report titled “Global Automotive Hub Motors Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global automotive hub motors market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on motor type, application and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading automotive hub motor vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are 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 the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the automotive hub motors industry
• Comparative analysis for different segments for the years 2016 & 2025
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global automotive hub motors market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

On the basis of Application, the global automotive hub motors market is segmented into following categories:

• Two-wheelers
• Electric Cars
• Commercial Vehicles

Their contribution to the global automotive hub motors market in 2016 is as shown in the figure below:

As of 2016, the overall automotive hub motors market worldwide is led by the two-wheelers segment. The segment contributes to more than forty percent of the global market revenue, as of 2016. Electric bicycles, scooters and bikes have witnessed fairly high penetration across different countries worldwide. Countries such as China, Japan, South Korea, Germany, the Netherlands and few others have strong penetration of electric two-wheelers. With the continually rising adoption of electric two-wheelers from countries such as the U.S., India and other European countries, the segment would continue experiencing strong growth over the forecast period.

Electric cars segment is yet to pick up due to relatively less commercialization of these vehicles. Although there exist several concept cars, electric cars are yet to become popular, as compared to the two-wheelers segment. With the consistently growing efforts towards betterment of electric cars design and affordability, the segment is set to witness high growth in the following years. This would generate high demand for related components such as hub motor. Subsequently, the electric cars would register the highest growth during the forecast period.

Based on the geography, the global automotive hub motors market is segmented as per following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific
• Rest of the World (RoW)
  • Middle East & Africa (MEA)
  • Latin America

The global automotive hub motors market is led by the Asia Pacific region. As of 2016, the region contributes to more than forty percent of the overall market revenue generated worldwide. The automotive hub motors market here is primarily governed by the countries such as China, Japan and some of the Southeast Asia countries. These countries have strong penetration of electric two-wheelers, making them the most prominent markets for the related components. In addition, China is one of the largest producers of electric two-wheelers and the related components. This makes the country one of the largest markets for hub motors.

With the anticipated strong growth in electric vehicles segment, Asia Pacific is set to maintain its dominant position in the global market in the following years. Europe and North America follow Asia Pacific, in terms of revenue, in the market. The market here is primarily governed by the strong penetration of electric vehicles in the Western Europe region. Countries including Norway, Germany, the U.K., France and several others are generating strong demand for electric vehicles. As a result, the region would exhibit strong growth in the automotive hub motor market in the following years.