With a projected valuation of USD 9.76 billion in 2022, the Two Wheeler Hub Motor Market is anticipated to expand at a compound annual growth rate (CAGR) of 9.7%. An electric motor integrated into the wheel hub of a two-wheeled vehicle, such as an electric motorcycle, scooter, or bicycle (e-bike), is known as an electric hub motor or two-wheeler hub motor. Many benefits come with this motor design, which is frequently found in electric two-wheelers. An outline of two-wheeler hub motors can be found here.
An electrical motor mounted to the wheels of a two-wheeler hub motor transforms electric power into motive power to produce propulsion. It contributes to the reduction of the vehicle’s weight, fuel consumption, two-wheeler life extension, and maintenance expenses. Rear-wheel drive vehicles are propelled by two-wheeler hub motors.
Governments all throughout the world are becoming concerned about the rate at which emissions from vehicles are causing environmental harm. As a result, several governments are acting to encourage the switch from conventional to environmentally friendly transportation. For this reason, the government has offered incentives for makers and end users of electric two-wheelers, including reduced or no registration fees, import taxes, purchase taxes, and road taxes. Additionally, it is anticipated that automakers will make significant investments to meet the growing demand for electric two-wheelers. This is therefore anticipated to have a significant impact on how the market develops.
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Asia Pacific is anticipated to maintain its leadership position in the two-wheeler hub motor market during the forecast period, having dominated it in 2019. The region is primarily propelled by the existence of electric motor and two-wheeler manufacturers in China. More than 70.0% of the region’s total electric two-wheeler market is accounted for by the nation. Furthermore, it is projected that the need for in-wheel motors would be sparked by the expansion of the electric two-wheeler market in South Korea, Japan, and India.
Multiple major producers contribute to the fragmented character of the market. However, to close the gap between supply and demand in the sector, well-known electric two-wheeler manufacturers typically enter strategic arrangements with their suppliers. Among the major players in the market are Schaeffler Technologies AG & Co. KG, NTN Corporation, QS Motors, and Robert Bosch GmbH.
Two Wheeler Hub Motor Market Segmental Analysis
Country Scope
North America, U.S., Canada, Mexico, Europe, U.K., Germany, France, Italy, Spain, Russia, Asia-Pacific, Japan, China, India, Australia, South Korea, ASEAN, Rest of APAC, South America, Brazil, Argentina, Colombia, Rest of South America, MEA, South Africa, Saudi Arabia, UAE, Egypt.
By Motor Outlook
Geared Hub Motor
Gearless Hub Motor
By Power Output
Below 1 kW
(1-3) kW
Above 3 kW
By Sales Channel
OEM
Aftermarket
By Vehicle Type
Electric Scooter/Moped
Electric Bike
Electric Motorcycle
Others
By Installation
Front Hub Motor
Rear Hub Motor
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Two Wheeler Hub Market Competitive Outlook
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.
Leaf Motor
EnerTrac Corporation
Others
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