Two Wheeler Hub Motor Market Report: Trends, Forecast and Competitive Analysis to 2030

Two Wheeler Hub Motor Trends and Forecast

The future of the global two wheeler hub motor market looks promising with opportunities in the OEM and aftermarket markets. The global two wheeler hub motor market is expected to reach an estimated $25.7 billion by 2030 with a CAGR of 12.6% from 2024 to 2030. The major drivers for this market are increasing inclination towards zero-emission vehicles and growing government policies like stringent regulations to curb (CO2) emissions and subsidies for electric two-wheeler manufacturers.

A more than 150-page report is developed to help in your business decisions.

Two Wheeler Hub Motor by Segment

The study includes a forecast for the global two wheeler hub motor by vehicle type, installation, sale channel, motor, and region.

Two Wheeler Hub Motor Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Electric Scooter/Mopeds
• Electric Bikes
• Electric Motorcycles
• Others

Two Wheeler Hub Motor Market by Installation [Shipment Analysis by Value from 2018 to 2030]:

• Front Hub Motors
• Rear Hub Motors

Two Wheeler Hub Motor Market by Sale Channel [Shipment Analysis by Value from 2018 to 2030]:

• OEM
• Aftermarket

Two Wheeler Hub Motor Market by Motor [Shipment Analysis by Value from 2018 to 2030]:

• Geared Hub Motors
• Gearless Hub Motors

Two Wheeler Hub Motor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Two Wheeler Hub Motor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies two wheeler hub motor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the two wheeler hub motor companies profiled in this report include-

• Blinkfire Analytics
• Gumgum
• Kairos
• SparkTrendz
• Cloudsight

Two Wheeler Hub Motor Market Insights

Lucintel forecasts that electric bike will remain the largest segment over the forecast period due to improved power/speed, high torque, and extended range per single charge.

Within this market, OEM will remain the larger segment due to rising preference of end-users for electric scooters.

APAC will remain the largest segment over the forecast period due to presence of major players in the region.

Features of the Global Two Wheeler Hub Motor Market

Market Size Estimates: Two wheeler hub motor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Two wheeler hub motor market size by various segments, such as by vehicle type, installation, sale channel, motor, and region in terms of value ($B).

Regional Analysis: Two wheeler hub motor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vehicle types, installation, sale channels, motors, and regions for the two wheeler hub motor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the two wheeler hub motor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the two wheeler hub motor market size?

Answer: The global two wheeler hub motor market is expected to reach an estimated $25.7 billion by 2030.

Q2. What is the growth forecast for two wheeler hub motor market?

Answer: The global two wheeler hub motor market is expected to grow with a CAGR of 12.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the two wheeler hub motor market?

Answer: The major drivers for this market are increasing inclination towards zero-emission vehicles and growing government policies like stringent regulations to curb (CO2) emissions and subsidies for electric two-wheeler manufacturers.

Q4. What are the major segments for two wheeler hub motor market?

Answer: The future of the two wheeler hub motor market looks promising with opportunities in the OEM and aftermarket markets.

Q5. Who are the key two wheeler hub motor market companies?

Answer: Some of the key two wheeler hub motor companies are as follows.

• Blinkfire Analytics
• Gumgum
• Kairos
• SparkTrendz
• Cloudsight

Q6. Which two wheeler hub motor market segment will be the largest in future?

Answer: Lucintel forecasts that electric bike will remain the largest segment over the forecast period due to improved power/speed, high torque, and extended range per single charge.

Q7. In two wheeler hub motor market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest segment over the forecast period due to presence of major players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the two wheeler hub motor market by vehicle type (electric scooter/mopeds, electric bikes, electric motorcycles, and others), installation (front hub motors and rear hub motors), sale channel (OEM and aftermarket), motor (geared hub motors and gearless hub motors), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?