PUBLISHER: Acute Market Reports | PRODUCT CODE: 1149069
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1149069
Two Wheeler Hub Motors Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
"Two-wheeler Hub Motors Market to Exhibit Steady Growth in Near Future"
The two-wheeler hub motors market worldwide is expected to grow with a CAGR of 7.23% during the forecast period from 2021 to 2029, starting from US$ 1,530.3 Mn in 2020. Two-wheeler hub motors market is expected to witness steady growth in the near future due to growing government initiatives, policies towards electric vehicle adoption and rising consumer concern towards environment. There are two types of motors available in the market namely hub motors and mid-drive motors. Hub motors are cheap, easy to install and easy to ride, on the other hand mid-drive motors are expensive and more complex to install. Subsequently, hub motors are expected to emerge as the preferred choice in electric two-wheelers. The two-wheeler hub motor market is expected to grow consistently due to increase in the overall sales of the e bikes.
"Geared Hub Motor is Expected to Grow at the Fastest Rate"
Geared hub motor is the fastest growing segment of hub motors as it controls the speed of the vehicle, provide high torque, which helps in driving the e-bike on hills. These are smaller in size and lighter in weight due to which the weight of the e-bike does not increase. Major application of geared hub motors is in e-bikes. Thus, with rising sales of e-bikes, the demand for geared hub motors is projected to remain strong throughout the forecast period.
"Asia Pacific to Register the Fastest Growth"
In 2020, Asia Pacific led the electric vehicle market worldwide with more than 1/3rd of the global market revenue. Since Asia Pacific continues to register huge growth in sales of electric vehicles, hub motors market here is set for robust growth in years to come. Additionally, the e-bikes and scooters sales is molding the graph towards Asia, with China, South Korea and Japan being frontrunners. The highest revenue from e-bike comes from Asia Pacific - more than US$ 800.0 Mn, followed by North America and Europe with more than US$ 350.0 Mn and US$ 280.0 Mn respectively. Improving government policies for higher penetration of electric vehicles is another prominent factor supporting the regional market growth. For instance, in 2013, government of India launched the 'National Electric Mobility Mission Plan 2020' that aims to provide fiscal and monetary incentives to kick start this nascent technology. Considering the consistently growing electric two-wheeler industry in Asia Pacific, the region would retain its dominant position in the market, exhibiting highest CAGR through the forecast period.
Some of the prominent players operating in the two-wheeler hub motor market include Qs Motor, Schaeffler Technologies AG & Co. KG, Michelin group, Jiashan Neopower International Trade Co.,Ltd., Protean Electric, TDCM Corporation Ltd, GO SwissDrive AG, Taizhou Quanshun Motor Co., Ltd, among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Two Wheeler Hub Motors market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Two Wheeler Hub Motors market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Product
Geared
Non-geared (Direct)
Channel
OEMs
Aftermarket
Capacity
Less than 500w
500-2500w
More than 2500w
Two-wheeler
E-bikes and Scooters
Motorcycles
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Two Wheeler Hub Motors market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Two Wheeler Hub Motors market?
Which is the largest regional market for Two Wheeler Hub Motors market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Two Wheeler Hub Motors market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Two Wheeler Hub Motors market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Two Wheeler Hub Motors Market
- 2.2. Global Two Wheeler Hub Motors Market, By Product, 2021 (US$ Million)
- 2.3. Global Two Wheeler Hub Motors Market, By Channel, 2021 (US$ Million)
- 2.4. Global Two Wheeler Hub Motors Market, By Capacity, 2021 (US$ Million)
- 2.5. Global Two Wheeler Hub Motors Market, By Two-wheeler, 2021 (US$ Million)
- 2.6. Global Two Wheeler Hub Motors Market, By Geography, 2021 (US$ Million)
- 2.7. Impact of Covid 19
- 2.8. Attractive Investment Proposition by Geography, 2021
- 2.9. Competitive Analysis
- 2.9.1. Market Positioning of Key Two Wheeler Hub Motors Market Vendors
- 2.9.2. Strategies Adopted by Two Wheeler Hub Motors Market Vendors
- 2.9.3. Key Industry Strategies
3. Two Wheeler Hub Motors Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Two Wheeler Hub Motors Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Two Wheeler Hub Motors Market: By Product, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Geared
- 4.3.2. Non-geared (Direct)
5. Two Wheeler Hub Motors Market: By Channel, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. OEMs
- 5.3.2. Aftermarket
6. Two Wheeler Hub Motors Market: By Capacity, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Less than 500w
- 6.3.2. 500-2500w
- 6.3.3. More than 2500w
7. Two Wheeler Hub Motors Market: By Two-wheeler, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. E-bikes and Scooters
- 7.3.2. Motorcycles
8. North America Two Wheeler Hub Motors Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Two Wheeler Hub Motors Market: By Product, 2020-2030, USD (Million)
- 8.3. Two Wheeler Hub Motors Market: By Channel, 2020-2030, USD (Million)
- 8.4. Two Wheeler Hub Motors Market: By Capacity, 2020-2030, USD (Million)
- 8.5. Two Wheeler Hub Motors Market: By Two-wheeler, 2020-2030, USD (Million)
- 8.6.Two Wheeler Hub Motors Market: By Region, 2020-2030, USD (Million)
- 8.6.1.North America
- 8.6.1.1. U.S.
- 8.6.1.2. Canada
- 8.6.1.3. Rest of North America
- 8.6.1.North America
9. UK and European Union Two Wheeler Hub Motors Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Two Wheeler Hub Motors Market: By Product, 2020-2030, USD (Million)
- 9.3. Two Wheeler Hub Motors Market: By Channel, 2020-2030, USD (Million)
- 9.4. Two Wheeler Hub Motors Market: By Capacity, 2020-2030, USD (Million)
- 9.5. Two Wheeler Hub Motors Market: By Two-wheeler, 2020-2030, USD (Million)
- 9.6.Two Wheeler Hub Motors Market: By Region, 2020-2030, USD (Million)
- 9.6.1.UK and European Union
- 9.6.1.1. UK
- 9.6.1.2. Germany
- 9.6.1.3. Spain
- 9.6.1.4. Italy
- 9.6.1.5. France
- 9.6.1.6. Rest of Europe
- 9.6.1.UK and European Union
10. Asia Pacific Two Wheeler Hub Motors Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Two Wheeler Hub Motors Market: By Product, 2020-2030, USD (Million)
- 10.3. Two Wheeler Hub Motors Market: By Channel, 2020-2030, USD (Million)
- 10.4. Two Wheeler Hub Motors Market: By Capacity, 2020-2030, USD (Million)
- 10.5. Two Wheeler Hub Motors Market: By Two-wheeler, 2020-2030, USD (Million)
- 10.6.Two Wheeler Hub Motors Market: By Region, 2020-2030, USD (Million)
- 10.6.1.Asia Pacific
- 10.6.1.1. China
- 10.6.1.2. Japan
- 10.6.1.3. India
- 10.6.1.4. Australia
- 10.6.1.5. South Korea
- 10.6.1.6. Rest of Asia Pacific
- 10.6.1.Asia Pacific
11. Latin America Two Wheeler Hub Motors Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Two Wheeler Hub Motors Market: By Product, 2020-2030, USD (Million)
- 11.3. Two Wheeler Hub Motors Market: By Channel, 2020-2030, USD (Million)
- 11.4. Two Wheeler Hub Motors Market: By Capacity, 2020-2030, USD (Million)
- 11.5. Two Wheeler Hub Motors Market: By Two-wheeler, 2020-2030, USD (Million)
- 11.6.Two Wheeler Hub Motors Market: By Region, 2020-2030, USD (Million)
- 11.6.1.Latin America
- 11.6.1.1. Brazil
- 11.6.1.2. Mexico
- 11.6.1.3. Rest of Latin America
- 11.6.1.Latin America
12. Middle East and Africa Two Wheeler Hub Motors Market, 2020-2030, USD (Million)
- 12.1. Market Overview
- 12.2. Two Wheeler Hub Motors Market: By Product, 2020-2030, USD (Million)
- 12.3. Two Wheeler Hub Motors Market: By Channel, 2020-2030, USD (Million)
- 12.4. Two Wheeler Hub Motors Market: By Capacity, 2020-2030, USD (Million)
- 12.5. Two Wheeler Hub Motors Market: By Two-wheeler, 2020-2030, USD (Million)
- 12.6.Two Wheeler Hub Motors Market: By Region, 2020-2030, USD (Million)
- 12.6.1.Middle East and Africa
- 12.6.1.1. GCC
- 12.6.1.2. Africa
- 12.6.1.3. Rest of Middle East and Africa
- 12.6.1.Middle East and Africa
13. Company Profile
- 13.1. Qs Motors
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Schaeffler Technologies AG & Co. KG
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Michelin group
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Jiashan Neopower International Trade Co.,Ltd.
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Protean Electric
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. TDCM Corporation Ltd
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. GO SwissDrive AG
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. Taizhou Quanshun Motors Co.
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Two Wheeler Hub Motors Market By Product, 2020-2030, USD (Million)
- TABLE 2 Global Two Wheeler Hub Motors Market By Channel, 2020-2030, USD (Million)
- TABLE 3 Global Two Wheeler Hub Motors Market By Capacity, 2020-2030, USD (Million)
- TABLE 4 Global Two Wheeler Hub Motors Market By Two-wheeler, 2020-2030, USD (Million)
- TABLE 5 North America Two Wheeler Hub Motors Market By Product, 2020-2030, USD (Million)
- TABLE 6 North America Two Wheeler Hub Motors Market By Channel, 2020-2030, USD (Million)
- TABLE 7 North America Two Wheeler Hub Motors Market By Capacity, 2020-2030, USD (Million)
- TABLE 8 North America Two Wheeler Hub Motors Market By Two-wheeler, 2020-2030, USD (Million)
- TABLE 9 UK and European Union Two Wheeler Hub Motors Market By Product, 2020-2030, USD (Million)
- TABLE 10 UK and European Union Two Wheeler Hub Motors Market By Channel, 2020-2030, USD (Million)
- TABLE 11 UK and European Union Two Wheeler Hub Motors Market By Capacity, 2020-2030, USD (Million)
- TABLE 12 UK and European Union Two Wheeler Hub Motors Market By Two-wheeler, 2020-2030, USD (Million)
- TABLE 13 Asia Pacific Two Wheeler Hub Motors Market By Product, 2020-2030, USD (Million)
- TABLE 14 Asia Pacific Two Wheeler Hub Motors Market By Channel, 2020-2030, USD (Million)
- TABLE 15 Asia Pacific Two Wheeler Hub Motors Market By Capacity, 2020-2030, USD (Million)
- TABLE 16 Asia Pacific Two Wheeler Hub Motors Market By Two-wheeler, 2020-2030, USD (Million)
- TABLE 17 Latin America Two Wheeler Hub Motors Market By Product, 2020-2030, USD (Million)
- TABLE 18 Latin America Two Wheeler Hub Motors Market By Channel, 2020-2030, USD (Million)
- TABLE 19 Latin America Two Wheeler Hub Motors Market By Capacity, 2020-2030, USD (Million)
- TABLE 20 Latin America Two Wheeler Hub Motors Market By Two-wheeler, 2020-2030, USD (Million)
- TABLE 21 Middle East and Africa Two Wheeler Hub Motors Market By Product, 2020-2030, USD (Million)
- TABLE 22 Middle East and Africa Two Wheeler Hub Motors Market By Channel, 2020-2030, USD (Million)
- TABLE 23 Middle East and Africa Two Wheeler Hub Motors Market By Capacity, 2020-2030, USD (Million)
- TABLE 24 Middle East and Africa Two Wheeler Hub Motors Market By Two-wheeler, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Two Wheeler Hub Motors Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Two Wheeler Hub Motors Market: Quality Assurance
- FIG. 5 Global Two Wheeler Hub Motors Market, By Product, 2021
- FIG. 6 Global Two Wheeler Hub Motors Market, By Channel, 2021
- FIG. 7 Global Two Wheeler Hub Motors Market, By Capacity, 2021
- FIG. 8 Global Two Wheeler Hub Motors Market, By Two-wheeler, 2021
- FIG. 9 Global Two Wheeler Hub Motors Market, By Geography, 2021
- FIG. 10 Global Two Wheeler Hub Motors Market, By Product, 2021 Vs 2030, %
- FIG. 11 Global Two Wheeler Hub Motors Market, By Channel, 2021 Vs 2030, %
- FIG. 12 Global Two Wheeler Hub Motors Market, By Capacity, 2021 Vs 2030, %
- FIG. 13 Global Two Wheeler Hub Motors Market, By Two-wheeler, 2021 Vs 2030, %
- FIG. 14 U.S. Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 15 Canada Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 16 Rest of North America Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 17 UK Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 18 Germany Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 19 Spain Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 20 Italy Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 21 France Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 22 Rest of Europe Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 23 China Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 24 Japan Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 25 India Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 26 Australia Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 27 South Korea Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 28 Rest of Asia Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 29 Brazil Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 30 Mexico Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 31 Rest of Latin America Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 32 GCC Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 33 Africa Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
- FIG. 34 Rest of Middle East and Africa Two Wheeler Hub Motors Market (US$ Million), 2020 - 2030
