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Electric Vehicle (EV) Hub Motor Market

Electric Vehicle (EV) Hub Motor Market By Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Car, Light Commercial Vehicle, Others); By Power Output (Below 1000W, 1001-3000W, Above 3000W, Power Output 4, Power Output 5); By End-User (End-user 1, End-user 2, End-user 3, End-user 4, End-user 5); By Component (Stator, Rotor, Bearing & Shaft, Magnet, Others (Wiring, Casing), Component 5); By Distribution Channel (Rear Hub Motor, Front Hub Motor, Position Type 3, Position Type 4, Position Type 5); By Geography – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Electric Vehicle (EV) Hub Motor Market Size 2024	USD 32,223.50 Million
Electric Vehicle (EV) Hub Motor Market, CAGR	11.50%
Electric Vehicle (EV) Hub Motor Market Size 2032	USD 76,978.89 Million

Market Overview

Global Electric Vehicle (EV) Hub Motor Market size was valued at USD 32,223.50 million in 2024 and is anticipated to reach USD 76,978.89 million by 2032, at a CAGR of 11.50% during the forecast period (2024-2032).

The global Electric Vehicle (EV) Hub Motor market is driven by the rising demand for electric vehicles, fueled by environmental awareness and stringent emission regulations. The shift towards sustainable transportation and the need for improved energy efficiency are accelerating the adoption of hub motors, which offer advantages like reduced weight, increased efficiency, and better space utilization. Technological advancements in motor design and materials are enhancing performance, driving innovation in the market. Furthermore, governments worldwide are offering incentives and subsidies to promote electric mobility, further boosting the demand for EVs and, consequently, hub motors. The increasing focus on reducing vehicle maintenance costs and improving overall vehicle performance is also contributing to the market’s growth.

The global Electric Vehicle (EV) Hub Motor market exhibits strong growth across key regions, driven by increasing EV adoption, government incentives, and advancements in motor technology. Asia-Pacific dominates the market due to the rapid expansion of electric two-wheelers and three-wheelers, particularly in China and India. Europe and North America are also experiencing substantial growth, fueled by stringent emission regulations and rising investments in EV infrastructure. Additionally, Latin America, the Middle East, and Africa are witnessing a gradual shift towards electrification, supported by policy reforms and urban mobility initiatives. Key players in the market, including ZF Friedrichshafen AG, Protean Electric, Siemens AG, NTN Corporation, and Hyundai Mobis, are actively innovating to enhance motor efficiency and performance. Companies are focusing on lightweight materials, higher torque output, and integration with advanced vehicle control systems to cater to the evolving demand for high-performance and energy-efficient hub motors in electric vehicles worldwide.

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Market Insights

The global Electric Vehicle (EV) Hub Motor market was valued at USD 32,223.50 million in 2024 and is projected to reach USD 76,978.89 million by 2032, growing at a CAGR of 11.50% from 2024 to 2032.
Increasing demand for electric two-wheelers and three-wheelers, particularly in Asia-Pacific, is a key driver of market growth.
Advancements in motor efficiency, lightweight materials, and integration with vehicle control systems are shaping market trends.
Key players such as ZF Friedrichshafen AG, Protean Electric, Siemens AG, and Hyundai Mobis are actively investing in innovation and expansion.
High initial costs and concerns related to motor durability and efficiency pose challenges to widespread adoption.
Asia-Pacific leads the market, while Europe and North America are experiencing steady growth due to stringent emission regulations and EV incentives.
Emerging markets in Latin America, the Middle East, and Africa are gradually adopting EV hub motors, driven by policy reforms and urban mobility initiatives.

Market Drivers

Growing Demand for Electric Vehicles (EVs)

The increasing demand for electric vehicles (EVs) is one of the primary drivers for the growth of the global Electric Vehicle (EV) Hub Motor market. As environmental concerns and air pollution become more pressing, both consumers and governments are shifting towards cleaner transportation alternatives. For instance, many governments have set ambitious targets to phase out internal combustion engines, which is driving the adoption of EVs. The global push for carbon-neutral policies, coupled with stringent emission regulations, is leading to a rise in EV adoption. Hub motors, being integral to electric vehicle designs, are benefiting from this surge in demand, as they provide a more efficient and sustainable solution compared to traditional internal combustion engine vehicles. The expansion of EV infrastructure, including charging stations, is also making EVs more accessible, further driving their popularity and the need for innovative motor technologies like hub motors.

Technological Advancements in Hub Motor Design

Technological advancements in hub motor design are significantly contributing to the growth of the EV hub motor market. As automakers strive to create more efficient, powerful, and compact electric vehicles, hub motors have emerged as a key solution. These motors offer several advantages, including improved power delivery, increased efficiency, and reduced mechanical complexity. For example, companies are leveraging advanced materials and motor control systems to enhance the performance of hub motors. Hub motors are integrated directly into the wheel, eliminating the need for a conventional drivetrain, which simplifies the vehicle’s overall structure and reduces weight. Innovations in materials, such as the use of lighter, more durable composites, have enhanced the performance of hub motors, making them more attractive to manufacturers. These ongoing technological developments continue to drive market expansion, as both automakers and consumers increasingly seek high-performance, low-maintenance electric vehicles.

Government Incentives and Policies

Government incentives and policies aimed at reducing carbon emissions are playing a crucial role in accelerating the growth of the global EV hub motor market. Many countries have implemented policies to support the adoption of electric vehicles, such as subsidies, tax credits, and rebates for consumers and manufacturers. These incentives lower the cost of electric vehicles, making them more affordable and appealing to a wider audience. Additionally, governments are investing heavily in the development of EV infrastructure, including charging networks, which further supports the widespread adoption of EVs. With these policies promoting the shift from traditional vehicles to electric vehicles, the demand for hub motors—integral components of EV design—continues to rise. As more nations implement stringent emission regulations, the need for hub motors in EVs is expected to grow even further.

Focus on Reducing Vehicle Weight and Improving Efficiency

As automakers continue to prioritize vehicle efficiency and performance, the demand for lightweight and energy-efficient components has driven the adoption of hub motors in electric vehicles. Hub motors are an attractive option because they eliminate the need for complex drivetrain components, such as axles and differential gears, which helps reduce the overall weight of the vehicle. This weight reduction, in turn, improves the vehicle’s energy efficiency, allowing it to travel longer distances on a single charge. Additionally, hub motors provide better torque distribution and direct power delivery to the wheels, improving acceleration and handling. This focus on reducing weight while enhancing performance is a key factor driving the adoption of hub motors, as manufacturers aim to create high-performance, cost-efficient electric vehicles. The combination of these factors is accelerating the demand for hub motors in the electric vehicle market, further fueling market growth.

Market Trends

Technological Advancements in Hub Motors

The global Electric Vehicle (EV) Hub Motor market is experiencing significant growth due to ongoing technological advancements in motor design. As automakers strive to enhance vehicle performance, efficiency, and design flexibility, hub motors are gaining traction for their ability to offer direct drive, reduce mechanical complexity, and optimize space utilization. For instance, advancements in materials such as lightweight composites and improved magnets have contributed to enhanced performance while reducing weight. Additionally, innovations in motor control systems, including more efficient and precise torque management, have improved the overall driving experience. These technological trends are positioning hub motors as a key enabler for the next generation of electric vehicles, offering manufacturers the opportunity to create more compact, energy-efficient, and high-performing electric cars.

Integration with Smart Mobility Solutions

The integration of electric vehicles into smart mobility solutions is another key trend shaping the EV hub motor market. As cities and urban areas adopt more advanced transportation networks, electric vehicles equipped with hub motors are becoming an integral part of smart mobility ecosystems. For example, urban mobility initiatives often focus on reducing congestion and improving air quality, which aligns with the benefits of hub motors in enhancing vehicle dynamics and simplifying vehicle design. Furthermore, the reduction of mechanical components associated with traditional drivetrains aligns with the broader goal of simplifying vehicle design and improving energy efficiency. The growing investment in urban mobility solutions, coupled with the rise of shared transportation models, is expected to drive the demand for electric vehicles equipped with hub motors. As smart city infrastructure evolves, the role of hub motors in facilitating efficient and flexible transportation will become increasingly critical.

Shift Towards Sustainable Transportation

There is a growing trend in the automotive industry toward sustainability and reducing carbon footprints. As governments worldwide tighten emission regulations and promote green initiatives, the demand for electric vehicles continues to rise. Hub motors, integrated into the wheel itself, help optimize vehicle designs by reducing the need for a traditional drivetrain, which in turn lowers energy loss and improves overall efficiency. This trend towards environmentally conscious transportation solutions, driven by both consumer demand and regulatory pressure, is fueling the growth of the EV hub motor market. Additionally, the ability of hub motors to contribute to more sustainable vehicle designs aligns with the automotive industry’s push to meet global carbon neutrality goals, driving innovation and further investment in EV hub motor technology.

Growing Adoption of Autonomous Vehicles

Another significant trend influencing the growth of the global EV hub motor market is the increasing adoption of autonomous vehicles. Autonomous vehicles (AVs) require advanced motor systems that provide precise control over movement, making hub motors a suitable choice. Their ability to offer independent control of each wheel improves vehicle stability, handling, and maneuverability—critical attributes for autonomous driving technology. Additionally, the compact and efficient design of hub motors allows for more flexible vehicle layouts, which is important for the development of autonomous vehicles that may prioritize interior space over traditional vehicle designs. As the market for AVs grows, the demand for hub motors in electric autonomous vehicles is expected to increase, further driving innovation and market expansion.

Market Challenges Analysis

High Initial Cost of Hub Motors

One of the key challenges faced by the global Electric Vehicle (EV) Hub Motor market is the high initial cost of these motors. While hub motors offer several advantages, such as improved efficiency and space optimization, they are more expensive to manufacture compared to traditional drivetrains. For instance, the cost of developing an electric vehicle platform is substantial, with significant investment required for advanced materials and precision engineering. This elevated cost is a significant barrier for many electric vehicle manufacturers, especially those looking to offer affordable EV options for consumers. As the market for electric vehicles continues to grow, it is crucial for manufacturers to find ways to reduce the production cost of hub motors to make them more accessible to a broader range of consumers and automotive companies. Until the cost of manufacturing hub motors decreases, widespread adoption of this technology may remain limited.

Limited Scalability and Manufacturing Challenges

Another challenge faced by the EV hub motor market is the limited scalability and manufacturing complexities associated with these motors. Producing hub motors in large quantities involves specialized manufacturing processes that are more intricate than traditional motor production. This creates challenges in scaling up production to meet the growing demand for electric vehicles. Furthermore, ensuring the consistency and reliability of hub motors across mass production is a significant hurdle, as any variations in motor design or construction can impact vehicle performance and safety. The complexities of integrating hub motors into different types of vehicles and ensuring compatibility with existing EV platforms further complicate manufacturing. Overcoming these scalability and manufacturing challenges will require significant investment in advanced manufacturing techniques and infrastructure, which could slow the market’s overall growth until these hurdles are addressed.

Market Opportunities

The global Electric Vehicle (EV) Hub Motor market presents significant growth opportunities driven by the increasing demand for electric vehicles worldwide. As governments and industries focus on reducing carbon emissions, the shift towards sustainable transportation solutions is accelerating. Hub motors, with their ability to offer higher energy efficiency and a compact design, provide an ideal solution for electric vehicles looking to maximize space, reduce weight, and improve performance. With advancements in battery technology and vehicle electrification, the integration of hub motors into electric vehicles can enhance driving range, reduce energy consumption, and enable more versatile vehicle designs. This creates opportunities for manufacturers to develop new and innovative vehicle models with enhanced performance, attracting environmentally-conscious consumers and providing automakers with a competitive edge in the rapidly growing EV market.

Furthermore, the expansion of electric vehicle infrastructure globally, including the installation of charging stations and the development of smart mobility solutions, creates additional opportunities for hub motors. As cities move toward smart transportation systems and autonomous vehicles, the demand for highly efficient, space-saving, and reliable motors is expected to increase. The adoption of hub motors in autonomous EVs will further enhance vehicle control, stability, and precision, supporting the growth of the autonomous vehicle market. Additionally, the potential for integrating hub motors into shared mobility solutions, such as electric taxis and ride-sharing services, offers a lucrative market opportunity. As these systems gain traction in urban areas, manufacturers can capitalize on the increasing demand for sustainable, efficient, and flexible electric vehicles equipped with hub motors, positioning themselves for success in an evolving global market.

Market Segmentation Analysis:

By Vehicle Type:

The global Electric Vehicle (EV) Hub Motor market is segmented based on vehicle type, including two-wheelers, three-wheelers, passenger cars, light commercial vehicles, and others. Two-wheelers account for a significant share of the market due to the rising adoption of electric scooters and motorcycles in urban areas, particularly in Asia-Pacific, where the demand for cost-effective and efficient mobility solutions is high. Three-wheelers are also gaining traction, especially in emerging economies, where electric rickshaws are becoming a preferred mode of transportation due to government incentives and lower operational costs. Passenger cars are expected to witness steady growth, driven by increasing investments in electric vehicle development and the demand for high-performance, energy-efficient mobility solutions. Meanwhile, the light commercial vehicle segment is gaining prominence as fleet operators and logistics companies adopt EVs to comply with stringent emission regulations. The “Others” category includes specialized electric vehicles, such as off-road and autonomous vehicles, further contributing to the market’s expansion as industries seek sustainable transportation solutions.

By Power Output:

Based on power output, the Electric Vehicle (EV) Hub Motor market is categorized into below 1000W, 1001-3000W, above 3000W, and other emerging power classifications. Motors with a power output below 1000W dominate the two-wheeler and three-wheeler segments, as these vehicles require lower power for urban commuting. The 1001-3000W segment is primarily used in high-performance two-wheelers and compact passenger EVs, offering a balance between power efficiency and speed. Motors with an output above 3000W cater to premium electric cars and commercial EVs, where higher torque and efficiency are essential for enhanced performance. Additionally, advancements in motor efficiency are expanding the potential of higher-output motors, allowing them to be used in various vehicle types, including autonomous and smart mobility solutions.

Segments:

Based on Vehicle Type:

Two-Wheeler
Three-Wheeler
Passenger Car
Light Commercial Vehicle
Others

Based on Power Output:

Below 1000W
1001-3000W
Above 3000W
Power Output 4
Power Output 5

Based on End-User:

End-user 1
End-user 2
End-user 3
End-user 4
End-user 5

Based on Component:

Stator
Rotor, Bearing & Shaft
Magnet
Others (wiring, casing)
Component 5

Based on Distribution Channel:

Rear Hub Motor
Front Hub Motor
Position Type 3
Position Type 4
Position Type 5

Based on the Geography:

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- France
- Germany
- Italy
- Spain
- Russia
- Belgium
- Netherlands
- Austria
- Sweden
- Poland
- Denmark
- Switzerland
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Thailand
- Indonesia
- Vietnam
- Malaysia
- Philippines
- Taiwan
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Peru
- Chile
- Colombia
- Rest of Latin America
Middle East
- UAE
- KSA
- Israel
- Turkey
- Iran
- Rest of Middle East
Africa
- Egypt
- Nigeria
- Algeria
- Morocco
- Rest of Africa

Regional Analysis

Asia-Pacific

Asia-Pacific holds the largest share of the global Electric Vehicle (EV) Hub Motor market, accounting for approximately 45% of the total revenue. The region’s dominance is driven by the rapid adoption of electric two-wheelers and three-wheelers, particularly in China, India, and Southeast Asian countries. China, as the world’s largest EV market, leads the hub motor segment due to government incentives, strong EV infrastructure, and large-scale manufacturing capabilities. India is also experiencing a surge in demand for electric two-wheelers and three-wheelers, supported by subsidies under initiatives like the FAME scheme. The presence of key market players, combined with cost-effective manufacturing and technological advancements, further strengthens the region’s market position. Additionally, the increasing investments in urban mobility and smart transportation solutions contribute to the sustained growth of EV hub motors in this region.

Europe

Europe holds a 25% market share in the global EV hub motor industry, driven by the region’s strong emphasis on sustainable mobility and stringent emission regulations. The European Union has set ambitious targets for reducing carbon emissions, leading to a rise in EV adoption across countries such as Germany, France, and the Netherlands. The increasing penetration of electric passenger cars and light commercial vehicles is fueling the demand for advanced hub motor technology. Additionally, governments across Europe are providing financial incentives and subsidies to accelerate the shift toward electrification, which is positively impacting the hub motor market. The presence of leading automotive manufacturers investing in EV technologies, along with expanding charging infrastructure, is expected to drive further growth in this segment.

North America

North America accounts for 18% of the global market share, with a steady increase in EV adoption driven by environmental policies, technological advancements, and growing consumer awareness. The United States and Canada are witnessing significant investments in electric vehicle manufacturing and infrastructure, contributing to the growth of hub motors. The demand for high-performance electric vehicles, including premium passenger cars and commercial EVs, is encouraging manufacturers to integrate hub motor technology for improved efficiency and space utilization. Additionally, companies in North America are focusing on innovations in motor efficiency and vehicle design, further supporting market expansion. The region’s commitment to reducing carbon emissions and promoting clean energy transportation is expected to sustain the demand for EV hub motors in the coming years.

Rest of the World

The rest of the world, including Latin America, the Middle East, and Africa, collectively holds 12% of the market share but presents significant growth opportunities for the EV hub motor industry. Latin America is gradually increasing its EV adoption, with countries like Brazil and Mexico introducing incentives for electric mobility. The Middle East is witnessing a shift towards sustainable transportation, with governments investing in EV infrastructure to reduce dependency on fossil fuels. Africa, though at an early stage of EV adoption, is expected to see growth due to rising urbanization and efforts to improve clean energy transportation. The affordability and efficiency of hub motors, particularly in two-wheelers and three-wheelers, make them a viable solution for emerging markets looking to transition toward electric mobility.

Key Player Analysis

ZIEHL-ABEGG
Schaeffler Technologies AG & Co., KG
Protean Electric
Bonfiglioli Riduttori S.p.A.
ZF Friedrichshafen AG
Elaphe AG
Evans Electric
TM4
Siemens AG
Kolektor
Printed Motor Works
NSK Ltd.
NTN Corporation
GEM Motors d.o.o.
Magnetic Systems Component
e-Traction B.V.
Hyundai Mobis
YASA Limited
ECOmove GmbH
Tajima Motor Corporation

Competitive Analysis

The competitive landscape of the global Electric Vehicle (EV) Hub Motor market is characterized by intense innovation and strategic expansion among key players. Companies such as ZF Friedrichshafen AG, Protean Electric, Siemens AG, NTN Corporation, Hyundai Mobis, Schaeffler Technologies AG & Co. KG, and NSK Ltd. are leading the market with advancements in motor technology, efficiency, and performance. These players focus on lightweight materials, higher torque output, and seamless integration with modern EV powertrains to enhance vehicle performance and energy efficiency. Strategic collaborations, mergers, and acquisitions are common as companies aim to strengthen their market position and expand their global footprint. Additionally, investments in research and development (R&D) drive innovation in hub motors, addressing challenges like heat dissipation, durability, and cost efficiency. As the market continues to grow, competition is expected to intensify, with players leveraging technological advancements, regional expansions, and strategic partnerships to gain a competitive edge in the evolving EV industry.

Recent Developments

In May 2024, Bajaj Auto intended to introduce a mass-market electric scooter under the Chetak brand, increasing its retail presence three times over the next three to four months.
In April 2024, VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, will begin selling its VF DrgnFly electric bike in the U.S. The bike, a 750W rear hub motor, offers a smooth riding experience and a top speed of up to 45 km/h.
In February 2024, Kabira Mobility, located in Verna, Goa, introduced two electric motorcycles in India, the KM3000 and KM4000, featuring an aluminium core hub motor powertrain, telescopic forks, monoshock, disc brakes, 17-inch wheels, and modular battery pack.
In February 2024, BYD, auto manufacturing conglomerate based in Shenzhen, China, plans to establish an electric vehicle factory in Mexico, aiming to establish an export hub to the U.S., leveraging Mexico’s automaking sector’s close integration with the U.S.
In October 2023, GEM Motor signed a strategic partnership agreement with Stilride to develop a specialized advanced electric drive. Stilride presented an electric scooter that will be available to Swedish customers in an exclusive limited series in spring 2024 and will be powered by an innovative GEM in-wheel drive G2.6.

Market Concentration & Characteristics

The global Electric Vehicle (EV) Hub Motor market exhibits a moderately concentrated structure, with a mix of established players and emerging manufacturers competing for market share. Leading companies focus on technological advancements, efficiency improvements, and cost-effective solutions to meet the growing demand for high-performance hub motors. The market is characterized by rapid innovation, driven by increasing investments in research and development to enhance motor durability, power output, and integration with advanced vehicle control systems. Additionally, the presence of stringent regulatory frameworks and government incentives supporting electric vehicle adoption influences market dynamics. Manufacturers emphasize strategic partnerships, mergers, and acquisitions to expand their regional footprint and strengthen supply chain capabilities. The market also sees a rising trend of customization, where companies tailor solutions to meet specific vehicle requirements. As competition intensifies, firms that offer energy-efficient, lightweight, and cost-effective hub motor solutions are expected to gain a significant competitive advantage.

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Report Coverage

The research report offers an in-depth analysis based on Vehicle Type, Power Output, End-User, Component, Distribution Channel and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The global Electric Vehicle (EV) Hub Motor market is expected to witness significant growth, driven by increasing EV adoption worldwide.
Advancements in motor efficiency, lightweight materials, and power output optimization will enhance vehicle performance.
Government incentives and stringent emission regulations will continue to drive demand for hub motors in electric vehicles.
Key players will focus on expanding production capabilities and investing in research and development to maintain a competitive edge.
The rise of autonomous and connected vehicles will create new opportunities for hub motor integration.
Asia-Pacific will remain the dominant market, while Europe and North America will experience steady growth due to strong EV policies.
Emerging markets in Latin America, the Middle East, and Africa will gradually adopt hub motors with growing EV infrastructure investments.
Cost reduction strategies and economies of scale will play a crucial role in making hub motors more affordable.
Strategic partnerships and collaborations will drive innovation and market expansion across regions.
Continuous improvements in battery technology will complement hub motor advancements, further enhancing EV efficiency.

CHAPTER NO. 1 : INTRODUCTION 24
1.1.1. Report Description 24
Purpose of the Report 24
USP & Key Offerings 24
1.1.2. Key Benefits for Stakeholders 24
1.1.3. Target Audience 25
1.1.4. Report Scope 25
1.1.5. Regional Scope 26
CHAPTER NO. 2 : EXECUTIVE SUMMARY 27
2.1. Electric Vehicle (EV) Hub Motor Market Snapshot 27
2.1.1. Global Electric Vehicle (EV) Hub Motor Market, 2018 – 2032 (USD Million) 28
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 29
3.1. Russia-Ukraine and Israel-Palestine War Impacts 29
CHAPTER NO. 4 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – INDUSTRY ANALYSIS 30
4.1. Introduction 30
4.2. Market Drivers 31
4.2.1. Driving Factor 1 Analysis 31
4.2.2. Driving Factor 2 Analysis 32
4.3. Market Restraints 33
4.3.1. Restraining Factor Analysis 33
4.4. Market Opportunities 34
4.4.1. Market Opportunity Analysis 34
4.5. Porter’s Five Forces Analysis 35
4.6. Value Chain Analysis 36
4.7. Buying Criteria 37
CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 38
5.1. Import Analysis by Region 38
5.1.1. Global Electric Vehicle (EV) Hub Motor Market Import Volume/Revenue, By Region, 2018 – 2023 38
5.2. Export Analysis by Region 39
5.2.1. Global Electric Vehicle (EV) Hub Motor Market Export Volume/Revenue, By Region, 2018 – 2023 39
CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 40
6.1. Demand Analysis by Region 40
6.1.1. Global Electric Vehicle (EV) Hub Motor Market Demand Volume/Revenue, By Region, 2018 – 2023 40
6.2. Supply Analysis by Region 41
6.2.1. Global Electric Vehicle (EV) Hub Motor Market Supply Volume/Revenue, By Region, 2018 – 2023 41
CHAPTER NO. 7 : PRODUCTION ANALYSIS 42
7.1. Production Analysis by Region 42
7.1.1. Global Electric Vehicle (EV) Hub Motor Market Production Volume/Revenue, By Region, 2018 – 2023 42
CHAPTER NO. 8 : PRICE ANALYSIS 43
8.1. Price Analysis by Region 43
8.1.1. Global Electric Vehicle (EV) Hub Motor Market Price, By Region, 2018 – 2023 43
8.1.2. Global Vehicle Type Market Price, By Region, 2018 – 2023 43
8.2. Price Analysis by Vehicle Type 44
8.2.1. Global Electric Vehicle (EV) Hub Motor Market Price, By Vehicle Type, 2018 – 2023 44
8.2.2. Global Vehicle Type Market Price, By Vehicle Type, 2018 – 2023 44
CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 45
9.1. Key Raw Materials and Suppliers 45
9.2. Key Raw Materials Price Trend 45
CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 46
10.1. Manufacturing Cost Analysis 46
10.2. Manufacturing Process 46
CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 47
11.1. Company Market Share Analysis – 2023 47
11.1.1. Global Electric Vehicle (EV) Hub Motor Market: Company Market Share, by Volume, 2023 47
11.1.2. Global Electric Vehicle (EV) Hub Motor Market: Company Market Share, by Revenue, 2023 48
11.1.3. Global Electric Vehicle (EV) Hub Motor Market: Top 6 Company Market Share, by Revenue, 2023 48
11.1.4. Global Electric Vehicle (EV) Hub Motor Market: Top 3 Company Market Share, by Revenue, 2023 49
11.2. Global Electric Vehicle (EV) Hub Motor Market Company Volume Market Share, 2023 50
11.3. Global Electric Vehicle (EV) Hub Motor Market Company Revenue Market Share, 2023 51
11.4. Company Assessment Metrics, 2023 52
11.4.1. Stars 52
11.4.2. Emerging Leaders 52
11.4.3. Pervasive Players 52
11.4.4. Participants 52
11.5. Start-ups /SMEs Assessment Metrics, 2023 52
11.5.1. Progressive Companies 52
11.5.2. Responsive Companies 52
11.5.3. Dynamic Companies 52
11.5.4. Starting Blocks 52
11.6. Strategic Developments 53
11.6.1. Acquisitions & Mergers 53
New Product Launch 53
Regional Expansion 53
11.7. Key Players Product Matrix 54
CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 55
12.1. PESTEL 55
12.1.1. Political Factors 55
12.1.2. Economic Factors 55
12.1.3. Social Factors 55
12.1.4. Technological Factors 55
12.1.5. Environmental Factors 55
12.1.6. Legal Factors 55
12.2. Adjacent Market Analysis 55
CHAPTER NO. 13 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY VEHICLE TYPE SEGMENT ANALYSIS 56
13.1. Electric Vehicle (EV) Hub Motor Market Overview, by Vehicle Type Segment 56
13.1.1. Electric Vehicle (EV) Hub Motor Market Revenue Share, By Vehicle Type, 2023 & 2032 57
13.1.2. Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Vehicle Type 58
13.1.3. Incremental Revenue Growth Opportunity, by Vehicle Type, 2024 – 2032 58
13.1.4. Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032 59
13.2. Two-Wheeler 60
13.2.1. Global Two-Wheeler Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 61
13.2.2. Global Two-Wheeler Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 61
13.3. Three-Wheeler 62
13.3.1. Global Three-Wheeler Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 63
13.3.2. Global Three-Wheeler Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 63
13.4. Passenger Car 64
13.4.1. Global Passenger Car Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 65
13.4.2. Global Passenger Car Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 65
13.5. Light Commercial Vehicle 66
13.5.1. Global Light Commercial Vehicle Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 67
13.5.2. Global Light Commercial Vehicle Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 67
13.6. Others 68
13.6.1. Global Others Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 69
13.6.2. Global Others Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 69
CHAPTER NO. 14 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY POWER OUTPUT SEGMENT ANALYSIS 70
14.1. Electric Vehicle (EV) Hub Motor Market Overview, by Power Output Segment 70
14.1.1. Electric Vehicle (EV) Hub Motor Market Revenue Share, By Power Output, 2023 & 2032 71
14.1.2. Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Power Output 72
14.1.3. Incremental Revenue Growth Opportunity, by Power Output, 2024 – 2032 72
14.1.4. Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018, 2023, 2027 & 2032 73
14.2. Below 1000W 74
14.2.1. Global Below 1000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 75
14.2.2. Global Below 1000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 75
14.3. 1001-3000W 76
14.3.1. Global 1001-3000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 77
14.3.2. Global 1001-3000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 77
14.4. Above 3000W 78
14.4.1. Global Above 3000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 79
14.4.2. Global Above 3000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 79
14.5. Power Output 4 80
14.5.1. Global Power Output 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 81
14.5.2. Global Power Output 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 81
14.6. Power Output 5 82
14.6.1. Global Power Output 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 83
14.6.2. Global Power Output 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 83
CHAPTER NO. 15 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY END-USER SEGMENT ANALYSIS 84
15.1. Electric Vehicle (EV) Hub Motor Market Overview, by End-user Segment 84
15.1.1. Electric Vehicle (EV) Hub Motor Market Revenue Share, By End-user, 2023 & 2032 85
15.1.2. Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By End-user 86
15.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 86
15.1.4. Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018, 2023, 2027 & 2032 87
15.2. End-user 1 88
15.2.1. Global End-user 1 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 89
15.2.2. Global End-user 1 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 89
15.3. End-user 2 90
15.3.1. Global End-user 2 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 91
15.3.2. Global End-user 2 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 91
15.4. End-user 3 92
15.4.1. Global End-user 3 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 93
15.4.2. Global End-user 3 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 93
15.5. End-user 4 94
15.5.1. Global End-user 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 95
15.5.2. Global End-user 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 95
15.6. End-user 5 96
15.6.1. Global End-user 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 97
15.6.2. Global End-user 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 97
CHAPTER NO. 16 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY COMPONENT SEGMENT ANALYSIS 98
16.1. Electric Vehicle (EV) Hub Motor Market Overview, by Component Segment 98
16.1.1. Electric Vehicle (EV) Hub Motor Market Revenue Share, By Component, 2023 & 2032 99
16.1.2. Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Component 100
16.1.3. Incremental Revenue Growth Opportunity, by Component, 2024 – 2032 100
16.1.4. Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018, 2023, 2027 & 2032 101
16.2. Stator 102
16.2.1. Global Stator Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 103
16.2.2. Global Stator Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 103
16.3. Rotor, Bearing & Shaft 104
16.3.1. Global Rotor, Bearing & Shaft Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 105
16.3.2. Global Rotor, Bearing & Shaft Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 105
16.4. Magnet 106
16.4.1. Global Magnet Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 107
16.4.2. Global Magnet Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 107
16.5. Others (wiring, casing) 108
16.5.1. Global Others (wiring, casing) Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 109
16.5.2. Global Others (wiring, casing) Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 109
16.6. Component 5 110
16.6.1. Global Component 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 111
16.6.2. Global Component 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 111
CHAPTER NO. 17 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY POSITION TYPE SEGMENT ANALYSIS 112
17.1. Electric Vehicle (EV) Hub Motor Market Overview, by Position Type Segment 112
17.1.1. Electric Vehicle (EV) Hub Motor Market Revenue Share, By Distribution Channel, 2023 & 2032 113
17.1.2. Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Distribution Channel 114
17.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 114
17.1.4. Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 115
17.2. Rear Hub motor 116
17.2.1. Global Rear Hub motor Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 117
17.2.2. Global Rear Hub motor Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 117
17.3. Front Hub motor 118
17.3.1. Global Front Hub motor Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 119
17.3.2. Global Front Hub motor Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 119
17.4. Position Type 3 120
17.4.1. Global Position Type 3 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 121
17.4.2. Global Position Type 3 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 121
17.5. Position Type 4 122
17.5.1. Global Position Type 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 123
17.5.2. Global Position Type 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 123
17.6. Position Type 5 124
17.6.1. Global Position Type 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 125
17.6.2. Global Position Type 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 125
CHAPTER NO. 18 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – REGIONAL ANALYSIS 126
18.1. Electric Vehicle (EV) Hub Motor Market Overview, by Regional Segments 126
18.2. Region 127
18.2.1. Global Electric Vehicle (EV) Hub Motor Market Revenue Share, By Region, 2023 & 2032 127
18.2.2. Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Region 128
18.2.3. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 128
18.2.4. Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018, 2023, 2027 & 2032 129
18.2.5. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 130
18.2.6. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 130
18.3. Vehicle Type 131
18.3.1. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 131
18.4. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 131
18.5. Power Output 132
18.5.1. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 132
18.5.2. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 132
18.6. End-user 133
18.6.1. Global Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 133
18.6.2. Global Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2024 – 2032 (USD Million) 133
18.7. Component 134
18.7.1. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 134
18.7.2. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 134
18.8. Distribution Channel 135
18.8.1. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 135
18.8.2. Global Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 135
CHAPTER NO. 19 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – NORTH AMERICA 136
19.1. North America 136
19.1.1. Key Highlights 136
19.1.2. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 137
19.1.3. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 138
19.1.4. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 139
19.1.5. North America Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 140
19.1.6. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 141
19.1.7. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 142
19.2. U.S. 143
19.3. Canada 143
19.4. Mexico 143
CHAPTER NO. 20 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – EUROPE 144
20.1. Europe 144
20.1.1. Key Highlights 144
20.1.2. Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 145
20.1.3. Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 146
20.1.4. Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 147
20.1.5. Europe Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 148
20.1.6. Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 149
20.1.7. Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 150
20.2. UK 151
20.3. France 151
20.4. Germany 151
20.5. Italy 151
20.6. Spain 151
20.7. Russia 151
20.8. Belgium 151
20.9. Netherland 151
20.10. Austria 151
20.11. Sweden 151
20.12. Poland 151
20.13. Denmark 151
20.14. Switzerland 151
20.15. Rest of Europe 151
CHAPTER NO. 21 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – ASIA PACIFIC 152
21.1. Asia Pacific 152
21.1.1. Key Highlights 152
21.1.2. Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 153
21.1.3. Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 154
21.1.4. Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 155
21.1.5. Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 156
21.1.6. Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 157
21.1.7. Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 158
21.2. China 159
21.3. Japan 159
21.4. South Korea 159
21.5. India 159
21.6. Australia 159
21.7. Thailand 159
21.8. Indonesia 159
21.9. Vietnam 159
21.10. Malaysia 159
21.11. Philippines 159
21.12. Taiwan 159
21.13. Rest of Asia Pacific 159
CHAPTER NO. 22 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – LATIN AMERICA 160
22.1. Latin America 160
22.1.1. Key Highlights 160
22.1.2. Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 161
22.1.3. Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 162
22.1.4. Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 163
22.1.5. Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 164
22.1.6. Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 165
22.1.7. Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 166
22.2. Brazil 167
22.3. Argentina 167
22.4. Peru 167
22.5. Chile 167
22.6. Colombia 167
22.7. Rest of Latin America 167
CHAPTER NO. 23 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – MIDDLE EAST 168
23.1. Middle East 168
23.1.1. Key Highlights 168
23.1.2. Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 169
23.1.3. Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 170
23.1.4. Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 171
23.1.5. Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 172
23.1.6. Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 173
23.1.7. Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 174
23.2. UAE 175
23.3. KSA 175
23.4. Israel 175
23.5. Turkey 175
23.6. Iran 175
23.7. Rest of Middle East 175
CHAPTER NO. 24 : ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – AFRICA 176
24.1. Africa 176
24.1.1. Key Highlights 176
24.1.2. Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 177
24.1.3. Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 178
24.1.4. Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 179
24.1.5. Africa Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 180
24.1.6. Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 181
24.1.7. Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 182
24.2. Egypt 183
24.3. Nigeria 183
24.4. Algeria 183
24.5. Morocco 183
24.6. Rest of Africa 183
CHAPTER NO. 25 : COMPANY PROFILES 184
25.1. Company 01 184
25.1.1. Company Overview 184
25.1.2. Product Portfolio 184
25.1.3. Swot Analysis 184
25.1.4. Business Strategy 185
25.1.5. Financial Overview 185
25.1.6. Company 2 186
25.1.7. Company 3 186
25.1.8. Company 4 186
25.1.9. Company 5 186
25.1.10. Company 6 186
25.1.11. Company 7 186
25.1.12. Company 8 186
25.1.13. Company 9 186
25.1.14. Company 10 186
25.1.15. Company 11 186
25.1.16. Company 12 186
25.1.17. Company 13 186
25.1.18. Company 14 186
CHAPTER NO. 26 : RESEARCH METHODOLOGY 187
26.1. Research Methodology 187
26.1.1. Phase I – Secondary Research 188
26.1.2. Phase II – Data Modeling 188
Company Share Analysis Model 189
Revenue Based Modeling 189
26.1.3. Phase III – Primary Research 190
26.1.4. Research Limitations 191
Assumptions 191

List of Figures
FIG NO. 1. Global Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 30
FIG NO. 2. Porter’s Five Forces Analysis for Global Electric Vehicle (EV) Hub Motor Market 37
FIG NO. 3. Value Chain Analysis for Global Electric Vehicle (EV) Hub Motor Market 38
FIG NO. 4. Global Electric Vehicle (EV) Hub Motor Market Import Volume/Revenue, By Region, 2018 – 2023 40
FIG NO. 5. Global Electric Vehicle (EV) Hub Motor Market Export Volume/Revenue, By Region, 2018 – 2023 41
FIG NO. 6. Global Electric Vehicle (EV) Hub Motor Market Demand Volume/Revenue, By Region, 2018 – 2023 42
FIG NO. 7. Global Electric Vehicle (EV) Hub Motor Market Supply Volume/Revenue, By Region, 2018 – 2023 43
FIG NO. 8. Global Electric Vehicle (EV) Hub Motor Market Production Volume/Revenue, By Region, 2018 – 2023 44
FIG NO. 9. Global Electric Vehicle (EV) Hub Motor Market Price, By Region, 2018 – 2023 45
FIG NO. 10. Global Electric Vehicle (EV) Hub Motor Market Price, By Vehicle Type, 2018 – 2023 46
FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 47
FIG NO. 12. Manufacturing Cost Analysis 48
FIG NO. 13. Manufacturing Process 48
FIG NO. 14. Company Share Analysis, 2023 49
FIG NO. 15. Company Share Analysis, 2023 50
FIG NO. 16. Company Share Analysis, 2023 50
FIG NO. 17. Company Share Analysis, 2023 51
FIG NO. 18. Electric Vehicle (EV) Hub Motor Market – Company Volume Market Share, 2023 52
FIG NO. 19. Electric Vehicle (EV) Hub Motor Market – Company Revenue Market Share, 2023 53
FIG NO. 20. Electric Vehicle (EV) Hub Motor Market Revenue Share, By Vehicle Type, 2023 & 2032 59
FIG NO. 21. Market Attractiveness Analysis, By Vehicle Type 60
FIG NO. 22. Incremental Revenue Growth Opportunity by Vehicle Type, 2024 – 2032 60
FIG NO. 23. Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032 61
FIG NO. 24. Global Electric Vehicle (EV) Hub Motor Market for Two-Wheeler, Revenue (USD Million) 2018 – 2032 62
FIG NO. 25. Global Electric Vehicle (EV) Hub Motor Market for Three-Wheeler, Revenue (USD Million) 2018 – 2032 64
FIG NO. 26. Global Electric Vehicle (EV) Hub Motor Market for Passenger Car, Revenue (USD Million) 2018 – 2032 66
FIG NO. 27. Global Electric Vehicle (EV) Hub Motor Market for Light Commercial Vehicle, Revenue (USD Million) 2018 – 2032 68
FIG NO. 28. Global Electric Vehicle (EV) Hub Motor Market for Others, Revenue (USD Million) 2018 – 2032 70
FIG NO. 29. Electric Vehicle (EV) Hub Motor Market Revenue Share, By Power Output, 2023 & 2032 73
FIG NO. 30. Market Attractiveness Analysis, By Power Output 74
FIG NO. 31. Incremental Revenue Growth Opportunity by Power Output, 2024 – 2032 74
FIG NO. 32. Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018, 2023, 2027 & 2032 75
FIG NO. 33. Global Electric Vehicle (EV) Hub Motor Market for Below 1000W, Revenue (USD Million) 2018 – 2032 76
FIG NO. 34. Global Electric Vehicle (EV) Hub Motor Market for 1001-3000W, Revenue (USD Million) 2018 – 2032 78
FIG NO. 35. Global Electric Vehicle (EV) Hub Motor Market for Above 3000W, Revenue (USD Million) 2018 – 2032 80
FIG NO. 36. Global Electric Vehicle (EV) Hub Motor Market for Power Output 4, Revenue (USD Million) 2018 – 2032 82
FIG NO. 37. Global Electric Vehicle (EV) Hub Motor Market for Power Output 5, Revenue (USD Million) 2018 – 2032 84
FIG NO. 38. Electric Vehicle (EV) Hub Motor Market Revenue Share, By End-user, 2023 & 2032 87
FIG NO. 39. Market Attractiveness Analysis, By End-user 88
FIG NO. 40. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 88
FIG NO. 41. Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018, 2023, 2027 & 2032 89
FIG NO. 42. Global Electric Vehicle (EV) Hub Motor Market for End-user 1, Revenue (USD Million) 2018 – 2032 90
FIG NO. 43. Global Electric Vehicle (EV) Hub Motor Market for End-user 2, Revenue (USD Million) 2018 – 2032 92
FIG NO. 44. Global Electric Vehicle (EV) Hub Motor Market for End-user 3, Revenue (USD Million) 2018 – 2032 94
FIG NO. 45. Global Electric Vehicle (EV) Hub Motor Market for End-user 4, Revenue (USD Million) 2018 – 2032 96
FIG NO. 46. Global Electric Vehicle (EV) Hub Motor Market for End-user 5, Revenue (USD Million) 2018 – 2032 98
FIG NO. 47. Electric Vehicle (EV) Hub Motor Market Revenue Share, By Component, 2023 & 2032 101
FIG NO. 48. Market Attractiveness Analysis, By Component 102
FIG NO. 49. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 102
FIG NO. 50. Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018, 2023, 2027 & 2032 103
FIG NO. 51. Global Electric Vehicle (EV) Hub Motor Market for Stator, Revenue (USD Million) 2018 – 2032 104
FIG NO. 52. Global Electric Vehicle (EV) Hub Motor Market for Rotor, Bearing & Shaft, Revenue (USD Million) 2018 – 2032 106
FIG NO. 53. Global Electric Vehicle (EV) Hub Motor Market for Magnet, Revenue (USD Million) 2018 – 2032 108
FIG NO. 54. Global Electric Vehicle (EV) Hub Motor Market for Others (wiring, casing), Revenue (USD Million) 2018 – 2032 110
FIG NO. 55. Global Electric Vehicle (EV) Hub Motor Market for Component 5, Revenue (USD Million) 2018 – 2032 112
FIG NO. 56. Electric Vehicle (EV) Hub Motor Market Revenue Share, By Distribution Channel, 2023 & 2032 115
FIG NO. 57. Market Attractiveness Analysis, By Distribution Channel 116
FIG NO. 58. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 116
FIG NO. 59. Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 117
FIG NO. 60. Global Electric Vehicle (EV) Hub Motor Market for Rear Hub motor, Revenue (USD Million) 2018 – 2032 118
FIG NO. 61. Global Electric Vehicle (EV) Hub Motor Market for Front Hub motor, Revenue (USD Million) 2018 – 2032 120
FIG NO. 62. Global Electric Vehicle (EV) Hub Motor Market for Position Type 3, Revenue (USD Million) 2018 – 2032 122
FIG NO. 63. Global Electric Vehicle (EV) Hub Motor Market for Position Type 4, Revenue (USD Million) 2018 – 2032 124
FIG NO. 64. Global Electric Vehicle (EV) Hub Motor Market for Position Type 5, Revenue (USD Million) 2018 – 2032 126
FIG NO. 65. Global Electric Vehicle (EV) Hub Motor Market Revenue Share, By Region, 2023 & 2032 129
FIG NO. 66. Market Attractiveness Analysis, By Region 130
FIG NO. 67. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 130
FIG NO. 68. Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018, 2023, 2027 & 2032 131
FIG NO. 69. North America Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 138
FIG NO. 70. Europe Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 146
FIG NO. 71. Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 154
FIG NO. 72. Latin America Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 162
FIG NO. 73. Middle East Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 170
FIG NO. 74. Africa Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 178
FIG NO. 75. Research Methodology – Detailed View 189
FIG NO. 76. Research Methodology 190

List of Tables
TABLE NO. 1. : Global Electric Vehicle (EV) Hub Motor Market: Snapshot 27
TABLE NO. 2. : Drivers for the Electric Vehicle (EV) Hub Motor Market: Impact Analysis 31
TABLE NO. 3. : Restraints for the Electric Vehicle (EV) Hub Motor Market: Impact Analysis 33
TABLE NO. 4. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 43
TABLE NO. 5. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 44
TABLE NO. 6. : Key Raw Materials & Suppliers 45
TABLE NO. 7. : Global Two-Wheeler Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 61
TABLE NO. 8. : Global Two-Wheeler Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 61
TABLE NO. 9. : Global Three-Wheeler Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 63
TABLE NO. 10. : Global Three-Wheeler Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 63
TABLE NO. 11. : Global Passenger Car Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 65
TABLE NO. 12. : Global Passenger Car Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 65
TABLE NO. 13. : Global Light Commercial Vehicle Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 67
TABLE NO. 14. : Global Light Commercial Vehicle Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 67
TABLE NO. 15. : Global Others Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 69
TABLE NO. 16. : Global Others Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 69
TABLE NO. 17. : Global Below 1000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 75
TABLE NO. 18. : Global Below 1000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 75
TABLE NO. 19. : Global 1001-3000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 77
TABLE NO. 20. : Global 1001-3000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 77
TABLE NO. 21. : Global Above 3000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 79
TABLE NO. 22. : Global Above 3000W Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 79
TABLE NO. 23. : Global Power Output 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 81
TABLE NO. 24. : Global Power Output 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 81
TABLE NO. 25. : Global Power Output 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 83
TABLE NO. 26. : Global Power Output 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 83
TABLE NO. 27. : Global End-user 1 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 89
TABLE NO. 28. : Global End-user 1 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 89
TABLE NO. 29. : Global End-user 2 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 91
TABLE NO. 30. : Global End-user 2 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 91
TABLE NO. 31. : Global End-user 3 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 93
TABLE NO. 32. : Global End-user 3 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 93
TABLE NO. 33. : Global End-user 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 95
TABLE NO. 34. : Global End-user 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 95
TABLE NO. 35. : Global End-user 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 97
TABLE NO. 36. : Global End-user 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 97
TABLE NO. 37. : Global Stator Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 103
TABLE NO. 38. : Global Stator Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 103
TABLE NO. 39. : Global Rotor, Bearing & Shaft Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 105
TABLE NO. 40. : Global Rotor, Bearing & Shaft Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 105
TABLE NO. 41. : Global Magnet Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 107
TABLE NO. 42. : Global Magnet Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 107
TABLE NO. 43. : Global Others (wiring, casing) Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 109
TABLE NO. 44. : Global Others (wiring, casing) Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 109
TABLE NO. 45. : Global Component 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 111
TABLE NO. 46. : Global Component 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 111
TABLE NO. 47. : Global Rear Hub motor Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 117
TABLE NO. 48. : Global Rear Hub motor Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 117
TABLE NO. 49. : Global Front Hub motor Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 119
TABLE NO. 50. : Global Front Hub motor Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 119
TABLE NO. 51. : Global Position Type 3 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 121
TABLE NO. 52. : Global Position Type 3 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 121
TABLE NO. 53. : Global Position Type 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 123
TABLE NO. 54. : Global Position Type 4 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 123
TABLE NO. 55. : Global Position Type 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 125
TABLE NO. 56. : Global Position Type 5 Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 125
TABLE NO. 57. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2018 – 2023 (USD Million) 130
TABLE NO. 58. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Region, 2024 – 2032 (USD Million) 130
TABLE NO. 59. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 131
TABLE NO. 60. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 131
TABLE NO. 61. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 132
TABLE NO. 62. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 132
TABLE NO. 63. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 133
TABLE NO. 64. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2024 – 2032 (USD Million) 133
TABLE NO. 65. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 134
TABLE NO. 66. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 134
TABLE NO. 67. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 135
TABLE NO. 68. : Global Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 135
TABLE NO. 69. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 137
TABLE NO. 70. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2024 – 2032 (USD Million) 137
TABLE NO. 71. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 138
TABLE NO. 72. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 138
TABLE NO. 73. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 139
TABLE NO. 74. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 139
TABLE NO. 75. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 140
TABLE NO. 76. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2024 – 2032 (USD Million) 140
TABLE NO. 77. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 141
TABLE NO. 78. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 141
TABLE NO. 79. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 142
TABLE NO. 80. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 142
TABLE NO. 81. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 145
TABLE NO. 82. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2024 – 2032 (USD Million) 145
TABLE NO. 83. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 146
TABLE NO. 84. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 146
TABLE NO. 85. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 147
TABLE NO. 86. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 147
TABLE NO. 87. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 148
TABLE NO. 88. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2024 – 2032 (USD Million) 148
TABLE NO. 89. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 149
TABLE NO. 90. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 149
TABLE NO. 91. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 150
TABLE NO. 92. : Europe Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 150
TABLE NO. 93. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 153
TABLE NO. 94. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2024 – 2032 (USD Million) 153
TABLE NO. 95. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 154
TABLE NO. 96. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 154
TABLE NO. 97. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 155
TABLE NO. 98. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 155
TABLE NO. 99. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 156
TABLE NO. 100. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2024 – 2032 (USD Million) 156
TABLE NO. 101. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 157
TABLE NO. 102. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 157
TABLE NO. 103. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 158
TABLE NO. 104. : Asia Pacific Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 158
TABLE NO. 105. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 161
TABLE NO. 106. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2024 – 2032 (USD Million) 161
TABLE NO. 107. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 162
TABLE NO. 108. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 162
TABLE NO. 109. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 163
TABLE NO. 110. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 163
TABLE NO. 111. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 164
TABLE NO. 112. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2024 – 2032 (USD Million) 164
TABLE NO. 113. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 165
TABLE NO. 114. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 165
TABLE NO. 115. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 166
TABLE NO. 116. : Latin America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 166
TABLE NO. 117. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 169
TABLE NO. 118. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2024 – 2032 (USD Million) 169
TABLE NO. 119. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 170
TABLE NO. 120. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 170
TABLE NO. 121. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 171
TABLE NO. 122. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 171
TABLE NO. 123. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 172
TABLE NO. 124. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2024 – 2032 (USD Million) 172
TABLE NO. 125. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 173
TABLE NO. 126. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 173
TABLE NO. 127. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 174
TABLE NO. 128. : Middle East Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 174
TABLE NO. 129. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 177
TABLE NO. 130. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2024 – 2032 (USD Million) 177
TABLE NO. 131. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 178
TABLE NO. 132. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 178
TABLE NO. 133. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 179
TABLE NO. 134. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 179
TABLE NO. 135. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2018 – 2023 (USD Million) 180
TABLE NO. 136. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By End-user, 2024 – 2032 (USD Million) 180
TABLE NO. 137. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 181
TABLE NO. 138. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 181
TABLE NO. 139. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 182
TABLE NO. 140. : Africa Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 182

Frequently Asked Questions:

What is the current size of the Global Electric Vehicle (EV) Hub Motor Market?

The global Electric Vehicle (EV) Hub Motor market was valued at USD 32,223.50 million in 2024 and is projected to reach USD 76,978.89 million by 2032, growing at a CAGR of 11.50%.

What factors are driving the growth of the Global Electric Vehicle (EV) Hub Motor Market?

The market is driven by the rising demand for electric vehicles, increasing environmental concerns, government incentives for EV adoption, technological advancements in hub motor design, and the need for lightweight and energy-efficient vehicle components.

What are the key segments within the Global Electric Vehicle (EV) Hub Motor Market?

The market is segmented based on vehicle type (two-wheeler, three-wheeler, passenger car, light commercial vehicle, others), power output (below 1000W, 1001-3000W, above 3000W), components (stator, rotor, bearing & shaft, magnet, others), distribution channel (rear hub motor, front hub motor), and geography (Asia-Pacific, Europe, North America, Latin America, Middle East, and Africa).

What are some challenges faced by the Global Electric Vehicle (EV) Hub Motor Market?

Challenges include the high initial cost of hub motors, limited scalability and manufacturing complexities, concerns regarding motor durability and efficiency, and competition from other EV propulsion technologies.

Who are the major players in the Global Electric Vehicle (EV) Hub Motor Market?

Key players include ZF Friedrichshafen AG, Protean Electric, Siemens AG, NTN Corporation, Hyundai Mobis, Schaeffler Technologies AG & Co. KG, NSK Ltd., and Elaphe AG, among others, focusing on innovation, efficiency improvements, and market expansion.

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