Global Hub Motor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Industry;

Mid-Drive Motor and Neighborhood Electric Vehicle (NEV).

By Vehicle Type;

E-Bikes, E-Scooters/Mopeds, and E-Motorcycles.

By Installation Type;

Front Hub Motor and Rear Hub Motor.

By Motor Type;

Gearless Hub Motor and Geared Hub Motor.

By Power Output Type;

Below 1000 W , 1000-3000 W, and Above 3000 W.

By Sales Channel;

Aftermarket and OE Market.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn422854184 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hub Motor Market (USD Million), 2021 - 2031

In the year 2024, the Global Hub Motor Market was valued at USD 11,473.20 million. The size of this market is expected to increase to USD 16,800.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

The global hub motor market has witnessed remarkable growth in recent years, driven primarily by the burgeoning electric vehicle (EV) industry and the increasing demand for more efficient and eco-friendly transportation solutions. Hub motors, also known as wheel motors, are integral components in electric vehicles, providing direct power to the wheels without the need for complex transmission systems. This simplicity not only enhances vehicle efficiency but also reduces maintenance requirements, making hub motors an attractive choice for electric vehicle manufacturers.

One of the key factors propelling the growth of the global hub motor market is the rising adoption of electric vehicles across various segments, including passenger cars, commercial vehicles, and two-wheelers. Governments worldwide are implementing stringent emission regulations and offering incentives to promote the adoption of electric vehicles, further driving the demand for hub motors. Additionally, advancements in battery technology and electric drivetrain systems have significantly improved the performance and range of electric vehicles, thereby boosting the demand for hub motors.

Another significant driver for the hub motor market is the increasing focus on sustainable transportation solutions and the growing awareness of environmental issues. Consumers are becoming more conscious of their carbon footprint, prompting a shift towards electric vehicles powered by hub motors. Moreover, the integration of hub motors into electric bicycles and scooters is gaining traction in urban mobility applications, contributing to the expansion of the global hub motor market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Industry
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Installation Type
    4. Market Snapshot, By Motor Type
    5. Market Snapshot, By Power Output Type
    6. Market Snapshot, By Sales Channel
    7. Market Snapshot, By Region
  4. Global Hub Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for electric vehicles
        2. Advancements in motor technology
      2. Restraints
        1. High initial investment costs
        2. Limited availability of charging infrastructure
      3. Opportunities
        1. Growing emphasis on sustainable transportation
        2. Expansion of electric vehicle market globally
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hub Motor Market, By Industry, 2021 - 2031 (USD Million)
      1. Mid-Drive Motor
      2. Neighborhood Electric Vehicle (NEV)
    2. Global Hub Motor Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. E-Bikes
      2. E-Scooters/Mopeds
      3. E-Motorcycles
    3. Global Hub Motor Market, By Installation Type, 2021 - 2031 (USD Million)
      1. Front Hub Motor
      2. Rear Hub Motor
    4. Global Hub Motor Market, By Motor Type, 2021 - 2031 (USD Million)
      1. Gearless Hub Motor
      2. Geared Hub Motor
    5. Global Hub Motor Market, By Power Output Type, 2021 - 2031 (USD Million)
      1. Below 1000 W
      2. 1000-3000 W
      3. Above 3000 W
    6. Global Hub Motor Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. OE Market
      2. Aftermarket
    7. Global Hub Motor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. QS Motor
      2. Elaphe Propulsion Technologies
      3. Schaeffler Technologies AG & Co. KG
      4. NTN Corporation
      5. Michelin Group
      6. MAC Motor
      7. TDCM Corporation
      8. ZIEHL-ABEGG SE
      9. Jiashan Neopower International Trade Co., Ltd.
      10. Printed Motor Works Ltd.
  7. Analyst Views
  8. Future Outlook of the Market