Market Overview:
Two Wheeler Hub Motor Market was valued at USD 9.76 billion in 2022 and expected to grow at a CAGR of 9.7% during the forecast period. A two-wheeler hub motor, often referred to as an electric hub motor, is an electric motor integrated into the wheel hub of a two-wheeled vehicle, such as an electric bicycle (e-bike), electric scooter, or electric motorcycle. This motor configuration offers several advantages and is commonly used in electric two-wheelers. Here's an overview of two-wheeler hub motors.
Components of a Two-Wheeler Hub Motor:
Electric Motor: The core component is the electric motor, which is
usually a brushless direct current (BLDC) or a brushless alternating current
(BLAC) motor. These motors are highly efficient, reliable, and provide good
power-to-weight ratios.
Stator: The stator is the stationary part of the motor, typically
attached to the frame or fork of the two-wheeler. It contains coils of wire and
generates a magnetic field.
Report Scope:
Report
Attributes |
Description |
Market Size in 2022 |
USD 9.76 Billion |
Market Forecast in
2031 |
USD 19.45 Billion |
CAGR % 2023-2031 |
9.7% |
Base Year |
2022 |
Historic Data |
2019-2021 |
Forecast Period |
2023-2031 |
Report USP |
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
Segments Covered |
Vehicle type, installation, motor,
sales channel, power output, region |
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
Country Scope |
U.S.; Canada; U.K.; Germany;
France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan;
South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi
Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies |
QS MOTOR; MAC
SHANGHAI ELECTRIC MOTOR COMPANY LTD; TDCM, NTN Corporation; Heinzmann GmbH
and Co. KG.; Robert Bosch GmbH; Schaeffler Technologies AG and Co. KG; Elaphe
Propulsion Technologies Ltd., Others |
Rotor: The rotor is the rotating part of the motor, integrated into
the wheel hub. It is connected to the wheel's axle and spins within the
stator's magnetic field, producing mechanical power.
Power Electronics: To control the speed and power output of the
motor, power electronics components like controllers and inverters are
integrated into the system. These components convert the direct current (DC)
power from the battery into alternating current (AC) for the motor.
Battery Pack: An electric two-wheeler relies on a battery pack to
supply electrical energy to the hub motor. The battery pack's voltage and
capacity determine the vehicle's range and performance.
Wiring and Connectors: Wires and connectors link the various
components, ensuring proper communication and power transmission between the
battery, motor, and control electronics.
Advantages of Two-Wheeler Hub Motors:
Simplified Design: Hub motors eliminate the need for a chain, belt,
or gear transmission system, simplifying the overall design of the two-wheeler.
This reduces maintenance requirements and the risk of component wear and tear.
Efficiency: Hub motors are highly efficient because they provide
direct drive to the wheel, minimizing energy losses associated with mechanical
transmissions. This efficiency contributes to longer battery life and extended
range.
Compact and Lightweight: Hub motors are compact and lightweight,
making them ideal for electric two-wheelers where space and weight
considerations are crucial.
Silent Operation: Electric hub motors operate silently, which
enhances the riding experience compared to internal combustion engines, which
produce noise and vibration.
Regenerative Braking: Many hub motors offer regenerative braking
capabilities, converting kinetic energy back into electrical energy and feeding
it back to the battery, improving overall energy efficiency.
Low Maintenance: With fewer moving parts and no chain or gears to
lubricate and maintain, hub motors require less maintenance than traditional
internal combustion engines or chain-driven electric motors.
Torque at Low Speeds: Hub motors provide strong torque even at low
speeds, making them well-suited for urban and stop-and-go traffic conditions.
Customization: Hub motors can be designed and configured to fit
various wheel sizes and power requirements, allowing manufacturers to offer a
range of electric two-wheeler models.
Applications: Two Wheeler Hub Motor Market are commonly found in
electric bicycles, e-scooters, electric motorcycles, and other light electric
vehicles. They offer a practical and efficient means of electrifying these
vehicles, contributing to the growing popularity of electric mobility and
sustainable transportation solutions.
Covid-19 Impact:
The COVID-19 pandemic had various
impacts on the two-wheeler hub motor market, with effects ranging from
disruptions in the supply chain to changes in consumer behavior and market
dynamics. Here are some key ways in which the pandemic influenced this market:
Supply Chain Disruptions: The
pandemic disrupted global supply chains, affecting the availability of critical
components and materials required for the manufacturing of two-wheeler hub
motors. This led to delays in production and delivery.
Manufacturing Slowdown:
Lockdowns, restrictions, and safety measures resulted in manufacturing
slowdowns and temporary closures of factories, impacting the production of
electric two-wheelers and their components, including hub motors.
Reduced Consumer Spending:
Economic uncertainties during the pandemic led to reduced consumer spending, which
affected the sales of electric two-wheelers, including those equipped with hub
motors. Consumers postponed discretionary purchases due to financial concerns.
Shift in Transportation
Preferences: The pandemic led to a shift in transportation preferences, with
some consumers opting for personal electric vehicles, including electric
bicycles and scooters, as a means of avoiding crowded public transportation and
minimizing exposure to the virus. This shift created opportunities for the two
wheeler hub motor market.
E-commerce and Last-Mile
Delivery: The demand for e-commerce and last-mile delivery services surged
during the pandemic. Electric scooters and bicycles with hub motors became
popular choices for delivery personnel, contributing to increased demand in
this segment.
Regulatory Changes:Â In some regions, the pandemic prompted
regulatory changes to promote electric mobility and reduce emissions. This
resulted in incentives and subsidies for electric two-wheelers, potentially
boosting the market for hub motor-equipped vehicles.
Accelerated E-mobility Trends:
The pandemic accelerated the adoption of electric mobility solutions, including
electric bicycles and scooters. This trend positively impacted the two-wheeler
hub motor market, as electric mobility gained momentum.
Digitalization and Remote
Services: The pandemic emphasized the importance of digitalization and remote
services. Some manufacturers and retailers adopted online sales channels and
remote diagnostics and servicing for electric two-wheelers equipped with hub
motors.
9. Long-Term Prospects: Despite
short-term disruptions, the long-term prospects for the two-wheeler hub motor
market remain positive. As economies recover and interest in sustainable
transportation options grows, the demand for electric two-wheelers is expected
to rebound.
In summary, the COVID-19 pandemic
had both challenges and opportunities for the two-wheeler hub motor market.
While disruptions in the supply chain and manufacturing slowdowns initially
impacted the industry, changing consumer preferences and a growing emphasis on
electric mobility have created potential for future growth in the market. As
governments and industries focus on sustainable transportation solutions, the
demand for electric two-wheelers equipped with hub motors is likely to continue
to rise.
Market Dynamics:
Drivers:
The two wheeler hub motor market
is influenced by several driving factors that contribute to its growth and
adoption across various regions. These factors are reflective of the broader
trends in the electric mobility and transportation sectors. Here are the key
driving factors of the two-wheeler hub motor market:
Growing Demand for Electric
Two-Wheelers: The global shift toward electric mobility, driven by
environmental concerns, government incentives, and the desire for energy-efficient
transportation, is a major driver for the two-wheeler hub motor market.
Electric bicycles, scooters, and motorcycles equipped with hub motors are seen
as eco-friendly alternatives to traditional internal combustion engine
vehicles.
Environmental Sustainability:
Increasing awareness of environmental issues, including air pollution and
greenhouse gas emissions, has led to a rising demand for electric two-wheelers.
Hub motors, being efficient and emission-free, align with sustainability goals
and regulations.
Urbanization and Traffic
Congestion: Rapid urbanization and the resulting traffic congestion in many
cities have boosted the demand for compact and agile electric two-wheelers. Hub
motor-equipped vehicles offer convenient and efficient solutions for urban
commuting.
Government Incentives and
Regulations: Governments in many countries offer incentives, subsidies, and tax
benefits to promote the adoption of electric vehicles (EVs), including electric
two-wheelers. Regulatory measures aimed at reducing emissions and encouraging
electric mobility further drive market growth.
Advancements in Hub Motor
Technology: Continuous advancements in hub motor technology have led to motors
that are more efficient, lightweight, and powerful. These improvements have
enhanced the performance and appeal of electric two-wheelers.
Reduced Operating Costs: Electric
two-wheelers equipped with hub motors have lower operating costs compared to
gasoline-powered counterparts. They require less maintenance, and the cost of
electricity is often significantly lower than gasoline or diesel fuel.
Last-Mile Delivery Services: The
rise of e-commerce and the increased demand for last-mile delivery services
have driven the adoption of electric scooters and bicycles by delivery
companies. Hub motors provide efficient and cost-effective solutions for
delivery personnel.
Consumer Preference for Personal
Mobility: The COVID-19 pandemic has accelerated the preference for personal
mobility solutions over public transportation. Many consumers are turning to
electric two-wheelers as a means of safe and individualized commuting.
Technological Integration:
Integration of smart technologies, such as smartphone connectivity, GPS
navigation, and app-based features, enhances the appeal of electric two-wheelers
equipped with hub motors, attracting tech-savvy consumers.
Range and Battery Technology:
Advances in battery technology, including increased energy density and faster
charging capabilities, have extended the range and usability of electric
two-wheelers, making them more attractive to consumers.
Infrastructure Development:
Expansion of charging infrastructure, including charging stations and battery
swapping stations, is making electric two-wheelers more practical for daily
use, reducing range anxiety.
Ride-Sharing and Micro-Mobility
Services: The rise of ride-sharing platforms and micro-mobility services has
created new opportunities for electric two-wheelers in urban transportation,
contributing to market growth.
Emerging Markets: Emerging
economies with a growing middle class and increasing urbanization are becoming
key markets for electric two-wheelers equipped with hub motors, as they offer
cost-effective transportation solutions.
Restraints:
High Initial Cost: Electric
two-wheelers equipped with hub motors are often more expensive upfront compared
to their gasoline-powered counterparts. The initial cost can be a barrier to
entry for cost-conscious consumers, especially in emerging markets.
Limited Range: Range anxiety
remains a concern for some potential buyers. While battery technology is
improving, electric two-wheelers may still have limited range compared to
gasoline-powered vehicles, which can deter long-distance riders.
Charging Infrastructure: The
availability and accessibility of charging infrastructure can be a limiting
factor, especially in regions with inadequate charging station networks. Range
extension and convenient charging solutions are needed to address this
challenge.
Battery Life and Degradation:
Battery life and degradation over time can impact the resale value and
long-term cost-effectiveness of electric two-wheelers. Consumers may be
concerned about the replacement cost of batteries.
Lack of Standardization: The lack
of standardized charging connectors and protocols can create confusion and
inconvenience for users, particularly in markets with multiple electric
two-wheeler brands and models.
Weight: Hub motors, especially
those with higher power outputs, can add weight to the vehicle, affecting
handling and overall performance. Balancing weight distribution is a design
challenge for manufacturers.
Limited Model Variety: The
variety of electric two-wheeler models equipped with hub motors may be limited
compared to traditional gasoline-powered models. Consumers may have fewer
options in terms of styles and sizes.
Regulatory and Licensing Issues:
Some regions may have regulatory barriers or licensing requirements that affect
the operation of electric two-wheelers. Clear and consistent regulations are
needed to support market growth.
Charging Time: Charging electric
two-wheelers can take longer than refueling with gasoline, especially when
using standard household outlets. Fast-charging infrastructure can mitigate
this concern but may not be universally available.
Market Maturity: In certain
markets, the electric two-wheeler segment, including hub motor-equipped
vehicles, is still developing. Market maturity, competition, and consumer
awareness can influence adoption rates.
Consumer Perception: Some
consumers may still perceive electric two-wheelers as less powerful or less
reliable than their gasoline counterparts. Educating consumers about the
benefits of electric mobility is important.
Infrastructure Integration:
Integrating electric two-wheelers into urban transportation systems, including
parking and traffic management, can pose challenges, particularly in densely
populated cities.
Weather and Climate Factors:
Extreme weather conditions, such as heavy rain, snow, and extreme heat, can
impact the performance and range of electric two-wheelers, affecting their
practicality in certain regions.
Resale Value: Concerns about the
resale value of electric two-wheelers and the potential for rapid depreciation
can deter some buyers.
Despite these restraining
factors, the growth of the electric two-wheeler market, including hub
motor-equipped vehicles, is expected to continue as technology advances,
infrastructure improves, and consumer preferences shift toward more sustainable
transportation options. Manufacturers and policymakers are actively working to
address these challenges and promote the adoption of electric mobility
solutions.
Regional Analysis:
Asia-Pacific:
China: China is a significant hub
for the production and consumption of electric two-wheelers with hub motors. It
has a robust electric bicycle and e-scooter market, driven by environmental
concerns and government incentives to promote electric mobility.
India: India is one of the
world's largest two-wheeler markets, and it is increasingly adopting electric
two-wheelers equipped with hub motors. Government initiatives, urbanization,
and rising pollution levels are driving growth in this segment.
Europe:
Western Europe: Countries like
Germany, the Netherlands, and France have seen the adoption of electric
bicycles and e-scooters with hub motors. Developed cycling infrastructure,
environmental consciousness, and government support contribute to market
growth.
Eastern Europe: Emerging markets
in Eastern Europe are also witnessing the growth of electric two-wheelers,
especially in urban areas. Economic development and changing consumer
preferences are driving this trend.
North America:
United States and Canada: The
electric bicycle and e-scooter market is growing in North America, driven by a
combination of environmental concerns, urbanization, and the desire for
sustainable transportation. Market expansion is supported by government
incentives in some regions.
Latin America:
Brazil: Brazil is experiencing a
gradual increase in the adoption of electric two-wheelers, primarily electric
bicycles and e-scooters. Concerns about air quality, fuel costs, and traffic
congestion contribute to market growth.
Middle East and Africa (MEA):
Israel: Israel is an emerging
market for electric two-wheelers, primarily electric scooters. The government
is promoting electric mobility through incentives, and urban areas are seeing
increased adoption.
Southeast Asia:
Vietnam, Thailand, Indonesia:
These countries have a long history of using motorized two-wheelers for
commuting. The adoption of electric scooters with hub motors is gaining
traction due to traffic congestion and pollution concerns.
Oceania:
Australia and New Zealand: These
countries are witnessing growth in the electric bicycle and e-scooter market,
particularly in urban centers. Factors such as environmental awareness and the
need for efficient urban transportation contribute to market expansion.
Market Maturation: Market
maturity can vary within regions. For example, Western Europe has a more mature
electric bicycle market compared to emerging markets in Eastern Europe.
Regulatory Environment:
Government policies and regulations regarding electric mobility, emissions
standards, safety standards, and incentives for electric two-wheelers vary by
region and can significantly impact market dynamics.
Infrastructure Development: The
presence and quality of charging infrastructure, as well as the availability of
safe cycling lanes and urban infrastructure, influence the adoption of electric
two-wheelers in different regions.
Economic Conditions: Economic
factors, including income levels and consumer affordability, affect the rate of
adoption of electric two-wheelers with hub motors.
Cultural Factors: Cultural
preferences and traditions related to transportation can influence the choice
between electric and conventional two-wheelers in different regions.
Competitive Landscape:
The global Two Wheeler Hub Motor market
is highly competitive and fragmented with the presence of several players. These
companies are constantly focusing on new product development, partnerships,
collaborations, and mergers and acquisitions to maintain their market position
and expand their geographical presence.
Some of the key players operating in the market are:
·       Â
QS MOTOR
·       Â
MAC SHANGHAI ELECTRIC MOTOR COMPANY LTD
·       Â
TDCM
·       Â
NTN Corporation
·       Â
Heinzmann GmbH and Co. KG.
·       Â
Robert Bosch GmbH
·       Â
Schaeffler Technologies AG and Co. KG
·       Â
Elaphe Propulsion Technologies Ltd.
·       Â
Leaf Motor
·       Â
EnerTrac Corporation
·       Â
Others
Segments
By Vehicle Type
·       Â
Electric
Scooter/Moped
·       Â
Electric
Bike
·       Â
Electric
Motorcycle
·       Â
Others
By Installation
·       Â
Front
Hub Motor
·       Â
Rear
Hub Motor
By Motor Outlook
·       Â
Geared
Hub Motor
·       Â
Gearless
Hub Motor
By Sales Channel
·       Â
OEM
·       Â
Aftermarket
By Power Output
·       Â
Below 1
kW
·       Â
(1-3)
kW
·       Â
Above 3
kW
By
Geography
·       Â
North America
o Â
U.S.
o Â
Canada
o Â
Mexico
·       Â
Europe
o Â
U.K.
o Â
Germany
o Â
France
o Â
Italy
o Â
Spain
o Â
Russia
·       Â
Asia-Pacific
o Â
Japan
o Â
China
o Â
India
o Â
Australia
o Â
South Korea
o Â
ASEAN
o Â
Rest of APAC
·       Â
South America
o Â
Brazil
o Â
Argentina
o Â
Colombia
o Â
Rest of South America
·       Â
MEA
o Â
South Africa
o Â
Saudi Arabia
o Â
UAE
o Â
Egypt
o Â
Rest of MEA
1.    Global
Two Wheeler Hub Motor Market Introduction and Market Overview
1.1. Objectives
of the Study
1.2. Two Wheeler Hub Motor Market
Definition & Description
1.3. Global
Two Wheeler Hub Motor Market Scope and Market Estimation
1.3.1. Â
Global Two Wheeler Hub Motor Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2032)
1.3.2. Â
Global Two Wheeler Hub Motor
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2032
1.4. Market
Segmentation
1.4.1. Â
Vehicle Type of Global Two
Wheeler Hub Motor Market
1.4.2. Â
Installation of Global Two
Wheeler Hub Motor Market
1.4.3. Â
Motor Outlook of Global Two
Wheeler Hub Motor Market
1.4.4. Â
Sales Channel of Global Two
Wheeler Hub Motor Market
1.4.5. Â
Power Output of Global Two
Wheeler Hub Motor Market
1.4.6. Â
Region of Global Two Wheeler Hub
Motor Market
2.    Executive Summary
2.1. Global
Two Wheeler Hub Motor Market
Industry Trends under COVID-19 Outbreak
2.1.1. Â
Global COVID-19 Status Overview
2.1.2. Â
Influence of COVID-19 Outbreak on
Global Two Wheeler Hub Motor Market
Industry Development
2.2. Market
Dynamics
2.2.1. Â
Drivers
2.2.2. Â
Limitations
2.2.3. Â
Opportunities
2.2.4. Â
Impact Analysis of Drivers and
Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Â
Bargaining Power of Suppliers
2.5.2. Â
Bargaining Power of Buyers
2.5.3. Â
Threat of Substitutes
2.5.4. Â
Threat of New Entrants
2.5.5. Â
Competitive Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10.               Â
Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.    Global Two Wheeler Hub Motor
Market
Estimates & Historical Trend Analysis (2020 - 2022)
4.    Global Two Wheeler Hub Motor
Market
Estimates & Forecast Trend Analysis, by Vehicle Type
4.1. Global
Two Wheeler Hub Motor Market Revenue (US$ Mn) Estimates and Forecasts, by Vehicle
Type, 2022 to 2033
4.1.1. Â
Electric Scooter/Moped
4.1.2. Â
Electric Bike
4.1.3. Â
Electric Motorcycle
4.1.4. Â
Others
5.    Global Two Wheeler Hub Motor
Market
Estimates & Forecast Trend Analysis, by Installation
5.1. Global
Two Wheeler Hub Motor Market Revenue (US$ Mn) Estimates and Forecasts, by Installation,
2022 to 2033
5.1.1. Â
Front Hub Motor
5.1.2. Â
Rear Hub Motor
6.    Global Two Wheeler Hub Motor
Market
Estimates & Forecast Trend Analysis, by Motor Outlook
6.1. Global
Two Wheeler Hub Motor Market Revenue (US$ Mn) Estimates and Forecasts, by Motor
Outlook, 2022 to 2033
6.1.1. Â
Geared Hub Motor
6.1.2. Â
Gearless Hub Motor
7.    Global Two Wheeler Hub Motor
Market
Estimates & Forecast Trend Analysis, by Sales Channel
7.1. Global
Two Wheeler Hub Motor Market Revenue (US$ Mn) Estimates and Forecasts, by Sales
Channel, 2022 to 2033
7.1.1. Â
OEM
7.1.2. Â
Aftermarket
8.    Global Two Wheeler Hub Motor
Market
Estimates & Forecast Trend Analysis, by Power Output
8.1. Global
Two Wheeler Hub Motor Market Revenue (US$ Mn) Estimates and Forecasts, by Power
Output, 2022 to 2033
8.1.1. Â
Below 1 kW
8.1.2. Â
(1-3) kW
8.1.3. Â
Above 3 kW
9.    Global Two Wheeler Hub Motor
Market
Estimates & Forecast Trend Analysis, by Region
9.1. Global
Two Wheeler Hub Motor Market Revenue (US$ Mn) Estimates and Forecasts, by Region,
2022 to 2033
9.1.1. Â
North America
9.1.2. Â
Europe
9.1.3. Â
Asia Pacific
9.1.4. Â
Middle East & Africa
9.1.5. Â
South America
10.         Â
North America Two Wheeler Hub Motor Market: Estimates & Forecast Trend Analysis
10.1. North
America Two Wheeler Hub Motor Market Assessments & Key Findings
10.1.1.                    Â
North America Two Wheeler Hub
Motor Market Introduction
10.1.2.                    Â
North America Two Wheeler Hub
Motor Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.1.2.1. Â
By Vehicle Type
10.1.2.2. Â
By Installation
10.1.2.3. Â
By Motor Outlook
10.1.2.4. Â
By Sales Channel
10.1.2.5. Â
By Power Output
10.1.2.6. Â
By Country
10.1.2.6.1.      Â
The U.S.
10.1.2.6.2.      Â
Canada
10.1.2.6.3.      Â
Mexico
11.         Â
Europe Two Wheeler Hub Motor Market: Estimates & Forecast Trend Analysis
11.1.               Â
Europe Two Wheeler Hub Motor
Market Assessments & Key Findings
11.1.1.                    Â
Europe Two Wheeler Hub Motor
Market Introduction
11.1.2.                    Â
Europe Two Wheeler Hub Motor
Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.1.2.1. Â
By Vehicle Type
11.1.2.2. Â
By Installation
11.1.2.3. Â
By Motor Outlook
11.1.2.4. Â
By Sales Channel
11.1.2.5. Â
By Power Output
11.1.2.6. Â
By Country
11.1.2.6.1.      Â
Germany
11.1.2.6.2.      Â
U.K.
11.1.2.6.3.      Â
France
11.1.2.6.4.      Â
Italy
11.1.2.6.5.      Â
Spain
11.1.2.6.6.      Â
Russia
11.1.2.6.7.      Â
Rest of Europe
12.         Â
Asia Pacific Two Wheeler Hub Motor Market: Estimates & Forecast Trend Analysis
12.1.               Â
Asia Pacific Market Assessments
& Key Findings
12.1.1.                    Â
Asia Pacific Two Wheeler Hub
Motor Market Introduction
12.1.2.                    Â
Asia Pacific Two Wheeler Hub
Motor Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.1.2.1. Â
By Vehicle Type
12.1.2.2. Â
By Installation
12.1.2.3. Â
By Motor Outlook
12.1.2.4. Â
By Sales Channel
12.1.2.5. Â
By Power Output
12.1.2.6. Â
By Country
12.1.2.6.1.      Â
China
12.1.2.6.2.      Â
Japan
12.1.2.6.3.      Â
India
12.1.2.6.4.      Â
Australia
12.1.2.6.5.      Â
South Korea
12.1.2.6.6.      Â
ASEAN
12.1.2.6.7.      Â
Rest of Asia Pacific
13.         Â
Middle East & Africa Two Wheeler Hub Motor Market: Estimates & Forecast Trend Analysis
13.1.               Â
Middle East & Africa Market
Assessments & Key Findings
13.1.1.         Â
Middle
East & Africa Two Wheeler Hub Motor Market Introduction
13.1.2.         Â
Middle
East & Africa Two Wheeler Hub Motor Market Size Estimates
and Forecast (US$ Million) (2022 to 2033)
13.1.2.1. Â
By Vehicle Type
13.1.2.2. Â
By Installation
13.1.2.3. Â
By Motor Outlook
13.1.2.4. Â
By Sales Channel
13.1.2.5. Â
By Power Output
13.1.2.6. Â
By Country
13.1.2.6.1.         Â
U.A.E.
13.1.2.6.2.         Â
Saudi Arabia
13.1.2.6.3.         Â
Egypt
13.1.2.6.4.         Â
South Africa
13.1.2.6.5.         Â
Rest of Middle East & Africa
14.         Â
South America Two Wheeler Hub Motor Market: Estimates & Forecast Trend Analysis
14.1.               Â
South America Market Assessments
& Key Findings
14.1.1.                    Â
South America Two Wheeler Hub
Motor Market Introduction
14.1.2.                    Â
South America Two Wheeler Hub
Motor Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.1.2.1. Â
By Vehicle Type
14.1.2.2. Â
By Installation
14.1.2.3. Â
By Motor Outlook
14.1.2.4. Â
By Sales Channel
14.1.2.5. Â
By Power Output
14.1.2.6. Â
By Country
14.1.2.6.1.      Â
Brazil
14.1.2.6.2.      Â
Argentina
14.1.2.6.3.      Â
Colombia
14.1.2.6.4.      Â
Rest of South America
15.         Â
Competition Landscape
15.1.               Â
Global Two Wheeler Hub Motor
Market Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
15.2.               Â
Global Two Wheeler Hub Motor
Market Concentration & Company Market Shares (%) Analysis, 2022
16.         Â
Company Profiles
16.1.Â
QS MOTOR
16.1.1.                    Â
Company Overview & Key Stats
16.1.2.                    Â
Financial Performance & KPIs
16.1.3.                    Â
Product Portfolio
16.1.4.                    Â
Business Strategy & Recent
Developments
* Similar details would be provided for all the players
mentioned belowÂ
16.2.Â
MAC
SHANGHAI ELECTRIC MOTOR COMPANY LTD
16.3.Â
TDCM
16.4.Â
NTN
Corporation
16.5.Â
Heinzmann
GmbH and Co. KG.
16.6.Â
Robert
Bosch GmbH
16.7.Â
Schaeffler
Technologies AG and Co. KG
16.8.Â
Elaphe
Propulsion Technologies Ltd.
16.9.Â
Leaf
Motor
16.10.          Â
EnerTrac
Corporation
16.11.          Â
Others**
17.         Â
Research
Methodology
17.1.               Â
External Transportations /
Databases
17.2.               Â
Internal Proprietary Database
17.3.               Â
Primary Research
17.4.               Â
Secondary Research
17.5.               Â
Assumptions
17.6.               Â
Limitations
17.7.               Â
Report FAQs
18.         Â
Research
Findings & Conclusion
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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
The global Two Wheeler Hub Motor market was valued at USD 9.76 billion in 2022 and expected to grow at a CAGR of 9.7% during the forecast period.
Growing Demand for Electric Two-Wheelers: The global shift toward electric mobility, driven by environmental concerns, government incentives, and the desire for energy-efficient transportation, is a major driver for the two-wheeler hub motor market. Electric bicycles, scooters, and motorcycles equipped with hub motors are seen as eco-friendly alternatives to traditional internal combustion engine vehicles.
Some of the major players operating within the market are QS MOTOR; MAC SHANGHAI ELECTRIC MOTOR COMPANY LTD; TDCM, NTN Corporation; Heinzmann GmbH and Co. KG.; Robert Bosch GmbH; Schaeffler Technologies AG and Co. KG; Elaphe Propulsion Technologies Ltd., Others
China: China is a significant hub for the production and consumption of electric two-wheelers with hub motors. It has a robust electric bicycle and e-scooter market, driven by environmental concerns and government incentives to promote electric mobility.
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