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North America Electric Vehicle (EV) Hub Motor Market

North America 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); By Component (Stator, Rotor, Bearing & Shaft, Magnet, Others – wiring, casing); By Position Type (Rear Hub Motor, Front Hub Motor) – 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
North America Electric Vehicle (EV) Hub Motor Market Size 2024	USD 11,015.60 million
North America Electric Vehicle (EV) Hub Motor Market, CAGR	11.42%
North America Electric Vehicle (EV) Hub Motor Market Size 2032	USD 26,161.28 million

Market Overview

North America Electric Vehicle (EV) Hub Motor market size was valued at USD 11,015.60 million in 2024 and is anticipated to reach USD 26,161.28 million by 2032, at a CAGR of 11.42% during the forecast period (2024-2032).

The North America Electric Vehicle (EV) Hub Motor market is driven by the increasing adoption of electric vehicles, supported by stringent emission regulations and government incentives promoting clean transportation. Advancements in hub motor technology, including improved efficiency, lightweight designs, and enhanced power output, further fuel market growth. The rising demand for all-wheel-drive (AWD) electric vehicles, where hub motors enhance traction and performance, is also contributing to expansion. Additionally, trends such as the integration of smart and connected technologies in EVs, the shift toward in-wheel motor configurations for enhanced vehicle dynamics, and the growing investment in battery innovations are shaping market dynamics. Automakers are focusing on reducing vehicle weight and improving energy efficiency, driving the adoption of hub motors over conventional propulsion systems. The expansion of EV charging infrastructure and increasing consumer preference for high-performance electric mobility solutions further support the robust growth of the EV hub motor market in North America.

The North America Electric Vehicle (EV) Hub Motor market is witnessing strong growth, driven by increasing EV adoption across the U.S., Canada, and Mexico. The U.S. leads the market due to robust government incentives, advancements in EV technology, and high consumer demand for electric vehicles. Canada is experiencing steady growth, supported by sustainability initiatives and the expansion of EV infrastructure, while Mexico is gradually emerging as a key player with growing investments in EV manufacturing. Several major companies are driving innovation in the hub motor segment, including Protean Electric, ZF Friedrichshafen AG, Siemens AG, Elaphe AG, and Hyundai Mobis, among others. These companies focus on developing advanced hub motor technologies that enhance vehicle efficiency, performance, and reliability. Strategic partnerships, continuous R&D investments, and expanding production capacities are further fueling competition in the market, ensuring continued advancements in hub motor technology for the evolving EV landscape.

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Market Insights

The North America Electric Vehicle (EV) Hub Motor market was valued at USD 11,015.60 million in 2024 and is projected to reach USD 26,161.28 million by 2032, growing at a CAGR of 11.42% during the forecast period.
Increasing government incentives, stricter emission regulations, and rising consumer demand for electric mobility are driving market growth.
Advancements in hub motor technology, including improved energy efficiency and lightweight materials, are enhancing vehicle performance and accelerating adoption.
The market is witnessing intense competition, with key players focusing on innovation, strategic partnerships, and expanding production capabilities.
High initial costs and concerns over thermal management and durability pose challenges to market expansion.
The U.S. dominates the market, while Canada and Mexico are experiencing steady growth due to increasing EV adoption and supportive government policies.
Expanding charging infrastructure and the growing popularity of high-performance EVs are expected to create new opportunities for hub motor manufacturers.

Report scope

This reports segments are North America Electric Vehicle (EV) Hub Motor Market as Follows;

Market Drivers

Growing Adoption of Electric Vehicles (EVs)

The increasing adoption of electric vehicles (EVs) in North America is a key driver propelling the demand for hub motors. Consumers and businesses are shifting toward EVs due to rising fuel prices, stringent emission regulations, and government incentives promoting clean transportation. For instance, the U.S. government’s Bipartisan Infrastructure Law and Inflation Reduction Act have provided significant incentives, such as tax credits, to encourage EV adoption. Additionally, major automakers are investing heavily in EV production, launching new models equipped with advanced hub motor technology. The rising consumer awareness of environmental sustainability, coupled with improvements in EV affordability and performance, is further boosting the adoption of hub motors as an efficient propulsion system in electric vehicles.

Advancements in Hub Motor Technology

Continuous innovations in hub motor technology are driving market growth by enhancing efficiency, reducing vehicle weight, and improving overall performance. Modern hub motors are designed with high torque density, integrated cooling systems, and improved energy efficiency, making them ideal for next-generation EVs. The shift toward in-wheel hub motors allows for better vehicle dynamics, regenerative braking, and space optimization by eliminating the need for a central drivetrain. Additionally, advancements in power electronics and materials, such as lightweight alloys and high-strength composites, are contributing to improved durability and energy savings. These technological enhancements are making hub motors more attractive for automakers seeking to optimize power delivery while reducing mechanical complexity and manufacturing costs.

Expansion of EV Charging Infrastructure

The rapid expansion of EV charging infrastructure across North America is supporting the widespread adoption of hub motor-equipped electric vehicles. Governments and private enterprises are investing in expanding charging networks, ensuring greater accessibility for EV users. For instance, the U.S. government has allocated funds to support the buildout of a national public EV charging network, particularly along interstate highways. Initiatives such as collaborations between energy providers and automakers are making long-distance EV travel more feasible. The availability of fast-charging technology is further reducing range anxiety, encouraging more consumers to transition to electric mobility. As the charging infrastructure continues to improve, the demand for efficient and high-performance hub motors in electric vehicles is expected to rise significantly.

Rising Demand for High-Performance and All-Wheel-Drive (AWD) EVs

The increasing consumer preference for high-performance electric vehicles, including all-wheel-drive (AWD) models, is fueling the demand for hub motors. Hub motors enable independent wheel control, enhancing traction, acceleration, and overall driving experience. This makes them ideal for performance-focused EVs, including sports cars and SUVs. The growing popularity of AWD electric vehicles for improved safety and handling in various terrains further supports hub motor adoption. Automakers are leveraging hub motor technology to enhance vehicle responsiveness and efficiency while maintaining a compact and lightweight design. As the market continues to shift toward high-performance electric mobility solutions, the demand for advanced hub motor systems is projected to witness substantial growth in the coming years.

Market Trends

Increasing Adoption of In-Wheel Hub Motors

A prominent trend in the North America Electric Vehicle (EV) Hub Motor market is the growing adoption of in-wheel hub motors, which enhance vehicle efficiency and performance. Unlike traditional central motors, in-wheel hub motors eliminate the need for transmission systems, reducing mechanical complexity and improving energy conversion. This technology enables precise torque control for each wheel, enhancing acceleration, traction, and regenerative braking efficiency. Automakers are increasingly integrating in-wheel hub motors in electric SUVs and high-performance EVs to improve handling and stability. As the industry focuses on lightweight vehicle architectures, the demand for in-wheel hub motors is expected to rise, driving further advancements in this technology.

Integration of Smart and Connected Technologies

The integration of smart and connected technologies into hub motor systems is transforming the EV market by improving vehicle intelligence and energy management. Advanced sensors, AI-driven predictive maintenance, and IoT-enabled diagnostics are being incorporated into hub motors to enhance real-time performance monitoring. These innovations help optimize power distribution, extend battery life, and improve safety features such as adaptive braking. For example, surveys by the National Renewable Energy Laboratory highlight the potential of AI in optimizing EV performance and reducing downtime. Additionally, wireless connectivity enables over-the-air (OTA) software updates, allowing manufacturers to enhance vehicle efficiency post-purchase. As automakers prioritize smart mobility solutions, the demand for intelligent hub motor systems will continue to grow, reshaping the EV landscape in North America.

Increasing Investment in Lightweight Materials and Efficiency Enhancements

Market players are investing heavily in the development of lightweight materials to improve hub motor efficiency and enhance EV range. The use of high-strength alloys, carbon fiber composites, and advanced cooling systems is reducing overall motor weight while maintaining durability and performance. For instance, research by the Vehicle Technologies Office (VTO) emphasizes the importance of lightweight materials in improving fuel economy and reducing emissions. Additionally, innovations in high-efficiency power electronics, such as silicon carbide (SiC) and gallium nitride (GaN) semiconductors, are improving energy conversion rates and reducing heat dissipation. These advancements are critical for boosting EV range and optimizing vehicle performance. As manufacturers strive to achieve higher efficiency standards, the adoption of lightweight, high-performance hub motors is expected to gain traction in the coming years.

Growing Demand for All-Wheel-Drive (AWD) and Performance EVs

The rising consumer demand for all-wheel-drive (AWD) and performance-oriented electric vehicles is fueling the adoption of hub motors in North America. Hub motors enable independent wheel control, enhancing stability, acceleration, and maneuverability, making them ideal for high-performance EVs. Leading automakers are leveraging hub motor technology to develop AWD electric SUVs, sports cars, and commercial vehicles that offer superior traction and power distribution. Additionally, as EV buyers seek enhanced driving experiences with instant torque and seamless acceleration, manufacturers are focusing on integrating multiple hub motors per vehicle. This trend is expected to drive continued innovation and widespread adoption of hub motors in the evolving EV market.

Market Challenges Analysis

High Manufacturing Costs and Complex Integration

One of the primary challenges in the North America Electric Vehicle (EV) Hub Motor market is the high manufacturing cost and complex integration process. Hub motors require advanced materials, precision engineering, and sophisticated power electronics, making them more expensive compared to conventional propulsion systems. The production of in-wheel hub motors, in particular, demands lightweight yet durable components, which increases material and development costs. Additionally, integrating hub motors into existing EV platforms presents design challenges, including managing heat dissipation, optimizing energy efficiency, and ensuring vehicle stability. Automakers must invest in extensive research and development to overcome these technical barriers, which can slow down mass adoption. Without significant cost reductions and streamlined integration solutions, widespread implementation of hub motors in electric vehicles remains a challenge.

Durability Concerns and Maintenance Complexity

Durability and maintenance complexities pose significant challenges to the adoption of hub motors in EVs. Since hub motors are positioned inside the wheels, they are directly exposed to road debris, water, and extreme temperature variations, increasing the risk of wear and tear. For example, in regions with harsh weather conditions, hub motors may face issues such as water seepage and damage from road debris, which can lead to costly repairs. Unlike traditional central motors, which are well-protected within the vehicle chassis, hub motors require robust sealing and advanced thermal management solutions to ensure long-term reliability. Additionally, maintenance and repair of hub motors can be more complex and costly compared to conventional powertrains, as each wheel functions as an independent drive unit. This complexity may deter automakers and consumers from fully embracing hub motor technology, especially in commercial and high-performance EV segments where long-term durability is crucial. Overcoming these challenges will require advancements in protective coatings, efficient cooling mechanisms, and standardized repair procedures to enhance the lifespan and serviceability of hub motors.

Market Opportunities

The North America Electric Vehicle (EV) Hub Motor market presents significant growth opportunities driven by the increasing adoption of electric mobility and advancements in automotive technologies. As governments continue to implement stringent emissions regulations and promote sustainable transportation through incentives and infrastructure development, the demand for efficient propulsion systems like hub motors is expected to rise. The growing interest in autonomous and shared mobility solutions also creates opportunities for hub motors, as they enhance vehicle efficiency, improve handling, and enable seamless integration with smart vehicle architectures. Additionally, ongoing research and development in hub motor technology, including improvements in power density, energy efficiency, and lightweight materials, is paving the way for wider adoption across various EV segments, including passenger cars, commercial vehicles, and last-mile delivery solutions.

Furthermore, the expansion of the EV market beyond traditional urban centers into suburban and rural areas presents a promising opportunity for hub motor adoption. The rising demand for all-wheel-drive (AWD) and high-performance electric vehicles, particularly in regions experiencing harsh weather conditions, underscores the need for advanced propulsion technologies that enhance traction and vehicle stability. Automakers are increasingly exploring hub motor technology to develop next-generation electric SUVs, pickup trucks, and off-road vehicles, further broadening market potential. Additionally, strategic collaborations between automakers, technology providers, and research institutions are accelerating innovation in hub motor design, manufacturing scalability, and cost reduction. As the EV industry continues to evolve, companies investing in hub motor technology stand to benefit from the growing shift toward energy-efficient, high-performance electric mobility solutions.

Market Segmentation Analysis:

By Vehicle Type:

The North America Electric Vehicle (EV) Hub Motor market is segmented based on vehicle type, including two-wheelers, three-wheelers, passenger cars, light commercial vehicles (LCVs), and others. The two-wheeler segment is experiencing strong growth, driven by rising demand for electric motorcycles and scooters in urban areas, where hub motors offer compact, lightweight, and high-efficiency solutions. The increasing adoption of electric three-wheelers for last-mile delivery and shared mobility services is also fueling market expansion. Passenger cars account for a significant share due to the rising popularity of electric sedans, SUVs, and high-performance EVs integrating hub motor technology for improved efficiency and handling. Light commercial vehicles, including electric vans and small trucks, are witnessing increasing adoption as logistics companies prioritize eco-friendly transportation. The “others” category, comprising electric off-road and specialty vehicles, is also gaining traction as automakers explore hub motor applications in diverse mobility solutions. As consumer preferences shift towards sustainable and high-performance vehicles, the demand for hub motors across all vehicle segments is expected to rise.

By Power Output:

Based on power output, the EV hub motor market is categorized into below 1000W, 1001-3000W, and above 3000W segments. The below 1000W segment primarily caters to electric bicycles, scooters, and lightweight two-wheelers, where energy efficiency and affordability drive adoption. The 1001-3000W segment is witnessing substantial growth, particularly in electric motorcycles, three-wheelers, and compact passenger cars requiring a balance of power and efficiency. As urban mobility solutions evolve, this segment is expected to expand further. The above 3000W segment dominates the market in high-performance EVs, including premium electric cars, SUVs, and commercial vehicles. These vehicles require higher power output for enhanced acceleration, torque, and overall driving performance, making hub motors an ideal propulsion choice. Advancements in motor technology, including improved thermal management and lightweight materials, are enabling high-power hub motors to deliver superior efficiency and reliability. As the EV industry continues to advance, hub motors with varying power outputs will cater to a diverse range of applications, further driving market growth.

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

Based on Component:

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

Based on Position Type:

Rear Hub Motor
Front Hub Motor

Based on the Geography:

U.S.
Canada
Mexico

Regional Analysis

United States

The United States holds the largest share in the North America Electric Vehicle (EV) Hub Motor market, accounting for over 70% of the regional revenue. The country’s dominance is driven by a well-established EV industry, government incentives, and increasing investments in electric mobility infrastructure. The presence of leading automakers and technology firms focusing on hub motor advancements further strengthens market growth. In addition, federal and state-level policies promoting EV adoption, such as tax credits and emissions regulations, are accelerating the shift from internal combustion engine (ICE) vehicles to electric alternatives. The rising demand for high-performance electric cars, particularly in premium segments, is also fueling the adoption of hub motor technology. Major urban centers, such as California and New York, are witnessing significant EV penetration due to environmental regulations and consumer awareness. As the U.S. continues to lead in EV adoption and technological advancements, the demand for efficient and high-performance hub motors is expected to grow steadily.

Canada

Canada accounts for approximately 15% of the North American EV hub motor market, with significant growth potential due to rising government initiatives supporting electric mobility. The Canadian government has introduced subsidies, tax rebates, and stricter carbon emission targets to encourage EV adoption. Additionally, investments in EV charging infrastructure and the push for sustainable transportation solutions are driving the market for hub motors. The demand for all-wheel-drive (AWD) electric vehicles, particularly in regions experiencing harsh winters, is further boosting the adoption of hub motors due to their ability to improve traction and stability. Major cities such as Toronto, Vancouver, and Montreal are leading in EV adoption, with increasing interest in electric passenger cars and light commercial vehicles. As Canada continues to advance in its electrification efforts and automakers expand their EV offerings, the market for hub motors is expected to witness steady growth.

Mexico

Mexico holds nearly 10% of the North America EV hub motor market, driven by its expanding automotive industry and increasing government support for electric mobility. The country is witnessing a gradual shift toward EV adoption, particularly in urban areas where concerns over air pollution and fuel costs are encouraging the transition to electric vehicles. The Mexican government’s initiatives to develop EV manufacturing capabilities and charging infrastructure are further supporting market growth. Additionally, the presence of major automotive manufacturing plants in Mexico provides opportunities for hub motor integration into locally produced EV models. While EV adoption in Mexico is still in its early stages compared to the U.S. and Canada, growing consumer awareness and strategic investments by automakers are expected to accelerate market expansion in the coming years.

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Key Player Analysis

Protean Electric
Bonfiglioli Riduttori S.p.A.
ZF Friedrichshafen AG
Elaphe AG
Siemens AG
e-Traction B.V.
Hyundai Mobis
YASA Limited
Tajima Motor Corporation

Competitive Analysis

The North America Electric Vehicle (EV) Hub Motor market is highly competitive, with leading players focusing on technological advancements, strategic collaborations, and expanding production capacities. Protean Electric, ZF Friedrichshafen AG, Siemens AG, Elaphe AG, Hyundai Mobis, Bonfiglioli Riduttori S.p.A., e-Traction B.V., YASA Limited, and Tajima Motor Corporation are among the key companies driving innovation in this sector. These players are investing in research and development to enhance hub motor efficiency, reduce weight, and improve overall vehicle performance. Many companies are forming partnerships with automakers to integrate hub motors into next-generation electric vehicles, offering advantages such as enhanced torque, better traction control, and improved energy efficiency. Additionally, players are working on advanced cooling solutions to address thermal management issues, a critical factor in the long-term performance of hub motors. As competition intensifies, businesses are focusing on expanding their market presence through acquisitions and collaborations, ensuring long-term growth and technological leadership in the evolving EV market

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 North America Electric Vehicle (EV) Hub Motor market exhibits a moderate to high market concentration, with a few key players dominating due to their technological expertise and established industry presence. Companies such as Protean Electric, ZF Friedrichshafen AG, Siemens AG, and Hyundai Mobis lead the market through continuous innovation and strategic partnerships with automakers. The market is characterized by a strong focus on research and development (R&D) to enhance motor efficiency, reduce weight, and improve overall vehicle performance. High entry barriers exist due to the substantial capital investment required for advanced manufacturing and testing facilities. Additionally, the industry is witnessing an increased emphasis on sustainability and energy efficiency, driving the development of next-generation hub motors. As demand for electric mobility and high-performance EVs rises, competition is expected to intensify, prompting key players to expand their production capabilities and adopt innovative technologies to maintain a competitive edge.

Report Coverage

The research report offers an in-depth analysis based on Vehicle Type, Power Output, Component, Position Type 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 North America EV hub motor market is expected to witness significant growth, driven by increasing EV adoption and government incentives.
Continuous advancements in hub motor technology will enhance vehicle efficiency, performance, and overall driving experience.
Automakers will increasingly integrate hub motors into next-generation electric vehicles to improve traction, torque distribution, and energy efficiency.
Rising investments in research and development will lead to the development of lightweight and high-power-density hub motors.
Expanding EV charging infrastructure across the region will support higher adoption rates and drive market expansion.
Thermal management solutions will improve hub motor durability, addressing key performance challenges in extreme conditions.
Strategic collaborations and mergers among key players will strengthen market presence and accelerate technological innovation.
The growing preference for all-wheel-drive electric vehicles will further boost the demand for hub motor technology.
Market competition will intensify as new entrants and emerging technologies challenge established players.
Sustainability initiatives and stricter emission regulations will continue to drive innovation and adoption of hub motors in electric vehicles.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. North America Electric Vehicle (EV) Hub Motor Market Snapshot 21

2.1.1. North America Electric Vehicle (EV) Hub Motor Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : NORTH AMERICA ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – INDUSTRY ANALYSIS 23

3.1. Introduction 23

3.2. Market Drivers 24

3.2.1. Rising Popularity of Electric Two-Wheelers 24

3.2.2. Technological Innovations for Enhanced Performance 25

3.3. Market Restraints 26

3.3.1. High Initial Cost of Hub Motor 26

3.4. Market Opportunities 27

3.4.1. Market Opportunity Analysis 27

3.5. Porter’s Five Forces Analysis 28

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 29

4.1. Company Market Share Analysis – 2023 29

4.1.1. North America Electric Vehicle (EV) Hub Motor Market: Company Market Share, by Volume, 2023 29

4.1.2. North America Electric Vehicle (EV) Hub Motor Market: Company Market Share, by Revenue, 2023 30

4.1.3. North America Electric Vehicle (EV) Hub Motor Market: Top 6 Company Market Share, by Revenue, 2023 30

4.1.4. North America Electric Vehicle (EV) Hub Motor Market: Top 3 Company Market Share, by Revenue, 2023 31

4.2. North America Electric Vehicle (EV) Hub Motor Market Company Revenue Market Share, 2023 32

4.3. Company Assessment Metrics, 2023 33

4.3.1. Stars 33

4.3.2. Emerging Leaders 33

4.3.3. Pervasive Players 33

4.3.4. Participants 33

4.4. Start-ups /SMEs Assessment Metrics, 2023 33

4.4.1. Progressive Companies 33

4.4.2. Responsive Companies 33

4.4.3. Dynamic Companies 33

4.4.4. Starting Blocks 33

4.5. Strategic Developments 34

4.5.1. Acquisitions & Mergers 34

New Product Launch 34

Regional Expansion 34

4.6. Key Players Product Matrix 35

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 36

5.1. PESTEL 36

5.1.1. Political Factors 36

5.1.2. Economic Factors 36

5.1.3. Social Factors 36

5.1.4. Technological Factors 36

5.1.5. Environmental Factors 36

5.1.6. Legal Factors 36

5.2. Adjacent Market Analysis 36

CHAPTER NO. 6 : NORTH AMERICA ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY VEHICLE TYPE SEGMENT ANALYSIS 37

6.1. North America Electric Vehicle (EV) Hub Motor Market Overview, by Vehicle Type Segment 37

6.1.1. North America Electric Vehicle (EV) Hub Motor Market Revenue Share, By Vehicle Type, 2023 & 2032 38

6.1.2. North America Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Vehicle Type 39

6.1.3. Incremental Revenue Growth Opportunity, by Vehicle Type, 2024 – 2032 39

6.1.4. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032 40

6.2. Two-Wheeler 41

6.3. Three-Wheeler 42

6.4. Passenger Car 43

6.5. Light Commercial Vehicle 44

6.6. Others 45

CHAPTER NO. 7 : NORTH AMERICA ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY POWER OUTPUT SEGMENT ANALYSIS 46

7.1. North America Electric Vehicle (EV) Hub Motor Market Overview, by Power Output Segment 46

7.1.1. North America Electric Vehicle (EV) Hub Motor Market Revenue Share, By Power Output, 2023 & 2032 47

7.1.2. North America Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Power Output 48

7.1.3. Incremental Revenue Growth Opportunity, by Power Output, 2024 – 2032 48

7.1.4. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018, 2023, 2027 & 2032 49

7.2. Below 1000W 50

7.3. 1001-3000W 51

7.4. Above 3000W 52

CHAPTER NO. 8 : NORTH AMERICA ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY COMPONENT SEGMENT ANALYSIS 53

8.1. North America Electric Vehicle (EV) Hub Motor Market Overview, by Component Segment 53

8.1.1. North America Electric Vehicle (EV) Hub Motor Market Revenue Share, By Component, 2023 & 2032 54

8.1.2. North America Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Component 55

8.1.3. Incremental Revenue Growth Opportunity, by Component, 2024 – 2032 55

8.1.4. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018, 2023, 2027 & 2032 56

8.2. Stator 57

8.3. Rotor, Bearing & Shaft 58

8.4. Magnet 59

8.5. Others (wiring, casing) 60

CHAPTER NO. 9 : NORTH AMERICA ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – BY POSITION TYPE SEGMENT ANALYSIS 61

9.1. North America Electric Vehicle (EV) Hub Motor Market Overview, by Position Type Segment 61

9.1.1. North America Electric Vehicle (EV) Hub Motor Market Revenue Share, By Distribution Channel, 2023 & 2032 62

9.1.2. North America Electric Vehicle (EV) Hub Motor Market Attractiveness Analysis, By Distribution Channel 63

9.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 63

9.1.4. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 64

9.2. Rear Hub motor 65

9.3. Front Hub motor 66

CHAPTER NO. 10 : NORTH AMERICA ELECTRIC VEHICLE (EV) HUB MOTOR MARKET – ANALYSIS 67

10.1. North America 67

10.1.1. Key Highlights 67

10.1.2. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 68

10.1.3. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 69

10.1.4. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 70

10.1.5. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 71

10.1.6. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 72

10.2. U.S. 73

10.3. Canada 73

10.4. Mexico 73

CHAPTER NO. 11 : COMPANY PROFILES 74

11.1. Protean Electric 74

11.1.1. Company Overview 74

11.1.2. Product Portfolio 74

11.1.3. Swot Analysis 74

11.1.4. Business Strategy 75

11.1.5. Financial Overview 75

11.2. Bonfiglioli Riduttori S.p.A. 76

11.3. ZF Friedrichshafen AG 76

11.4. Elaphe AG 76

11.5. Siemens AG 76

11.6. e-Traction B.V. 76

11.7. Hyundai Mobis 76

11.8. YASA Limited 76

11.9. Tajima Motor Corporation 76

List of Figures

FIG NO. 1. North America Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for North America Electric Vehicle (EV) Hub Motor Market 28

FIG NO. 3. Company Share Analysis, 2023 29

FIG NO. 4. Company Share Analysis, 2023 30

FIG NO. 5. Company Share Analysis, 2023 30

FIG NO. 6. Company Share Analysis, 2023 31

FIG NO. 7. North America Electric Vehicle (EV) Hub Motor Market – Company Revenue Market Share, 2023 32

FIG NO. 8. North America Electric Vehicle (EV) Hub Motor Market Revenue Share, By Vehicle Type, 2023 & 2032 38

FIG NO. 9. Market Attractiveness Analysis, By Vehicle Type 39

FIG NO. 10. Incremental Revenue Growth Opportunity by Vehicle Type, 2024 – 2032 39

FIG NO. 11. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032 40

FIG NO. 12. North America Electric Vehicle (EV) Hub Motor Market for Two-Wheeler, Revenue (USD Million) 2018 – 2032 41

FIG NO. 13. North America Electric Vehicle (EV) Hub Motor Market for Three-Wheeler, Revenue (USD Million) 2018 – 2032 42

FIG NO. 14. North America Electric Vehicle (EV) Hub Motor Market for Passenger Car, Revenue (USD Million) 2018 – 2032 43

FIG NO. 15. North America Electric Vehicle (EV) Hub Motor Market for Light Commercial Vehicle, Revenue (USD Million) 2018 – 2032 44

FIG NO. 16. North America Electric Vehicle (EV) Hub Motor Market for Others, Revenue (USD Million) 2018 – 2032 45

FIG NO. 17. North America Electric Vehicle (EV) Hub Motor Market Revenue Share, By Power Output, 2023 & 2032 47

FIG NO. 18. Market Attractiveness Analysis, By Power Output 48

FIG NO. 19. Incremental Revenue Growth Opportunity by Power Output, 2024 – 2032 48

FIG NO. 20. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018, 2023, 2027 & 2032 49

FIG NO. 21. North America Electric Vehicle (EV) Hub Motor Market for Below 1000W, Revenue (USD Million) 2018 – 2032 50

FIG NO. 22. North America Electric Vehicle (EV) Hub Motor Market for 1001-3000W, Revenue (USD Million) 2018 – 2032 51

FIG NO. 23. North America Electric Vehicle (EV) Hub Motor Market for Above 3000W, Revenue (USD Million) 2018 – 2032 52

FIG NO. 24. North America Electric Vehicle (EV) Hub Motor Market Revenue Share, By Component, 2023 & 2032 54

FIG NO. 25. Market Attractiveness Analysis, By Component 55

FIG NO. 26. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 55

FIG NO. 27. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018, 2023, 2027 & 2032 56

FIG NO. 28. North America Electric Vehicle (EV) Hub Motor Market for Stator, Revenue (USD Million) 2018 – 2032 57

FIG NO. 29. North America Electric Vehicle (EV) Hub Motor Market for Rotor, Bearing & Shaft, Revenue (USD Million) 2018 – 2032 58

FIG NO. 30. North America Electric Vehicle (EV) Hub Motor Market for Magnet, Revenue (USD Million) 2018 – 2032 59

FIG NO. 31. North America Electric Vehicle (EV) Hub Motor Market for Others (wiring, casing), Revenue (USD Million) 2018 – 2032 60

FIG NO. 32. North America Electric Vehicle (EV) Hub Motor Market Revenue Share, By Distribution Channel, 2023 & 2032 62

FIG NO. 33. Market Attractiveness Analysis, By Distribution Channel 63

FIG NO. 34. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 63

FIG NO. 35. North America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 64

FIG NO. 36. North America Electric Vehicle (EV) Hub Motor Market for Rear Hub motor, Revenue (USD Million) 2018 – 2032 65

FIG NO. 37. North America Electric Vehicle (EV) Hub Motor Market for Front Hub motor, Revenue (USD Million) 2018 – 2032 66

FIG NO. 38. North America Electric Vehicle (EV) Hub Motor Market Revenue, 2018 – 2032 (USD Million) 67

List of Tables

TABLE NO. 1. : North America Electric Vehicle (EV) Hub Motor Market: Snapshot 21

TABLE NO. 2. : Drivers for the North America Electric Vehicle (EV) Hub Motor Market: Impact Analysis 24

TABLE NO. 3. : Restraints for the North America Electric Vehicle (EV) Hub Motor Market: Impact Analysis 26

TABLE NO. 4. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2018 – 2023 (USD Million) 68

TABLE NO. 5. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Country, 2024 – 2032 (USD Million) 68

TABLE NO. 6. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2018 – 2023 (USD Million) 69

TABLE NO. 7. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Vehicle Type, 2024 – 2032 (USD Million) 69

TABLE NO. 8. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2018 – 2023 (USD Million) 70

TABLE NO. 9. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Power Output, 2024 – 2032 (USD Million) 70

TABLE NO. 10. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2018 – 2023 (USD Million) 71

TABLE NO. 11. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Component, 2024 – 2032 (USD Million) 71

TABLE NO. 12. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 72

TABLE NO. 13. : North America Electric Vehicle (EV) Hub Motor Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 72

Frequently Asked Questions

What is the current size of the North America Electric Vehicle (EV) Hub Motor market?

The North America Electric Vehicle (EV) Hub Motor market was valued at USD 11,015.60 million in 2024 and is projected to reach USD 26,161.28 million by 2032, growing at a CAGR of 11.42% during the forecast period (2024-2032).

What factors are driving the growth of the North America Electric Vehicle (EV) Hub Motor market?

The market is driven by increasing EV adoption, government incentives, and stringent emission regulations promoting clean transportation. Technological advancements in hub motors, such as improved efficiency, lightweight designs, and enhanced power output, are further fueling growth. Expanding EV charging infrastructure and the rising

What are the key segments within the North America Electric Vehicle (EV) Hub Motor market?

The market is segmented by Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Car, Light Commercial Vehicle, Others), Power Output (Below 1000W, 1001-3000W, Above 3000W), Component (Stator, Rotor, Bearing & Shaft, Magnet, Others), Position Type (Rear Hub Motor, Front Hub Motor), and Geography (U.S., Canada, Mexico).

Who are the major players in the North America Electric Vehicle (EV) Hub Motor market?

Leading companies in the market include Protean Electric, ZF Friedrichshafen AG, Siemens AG, Elaphe AG, Hyundai Mobis, Bonfiglioli Riduttori S.p.A., e-Traction B.V., YASA Limited, and Tajima Motor Corporation. These players focus on innovation, strategic partnerships, and production expansion to strengthen their market presence.

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