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).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.
Global Hub Motor Market Recent Developments
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In February 2023, FLASH established a technological partnership with the European electric vehicle (EV) manufacturing company GEM Motors. Flash is a technology provider and producer of electronic components and aims to strengthen its electric vehicle production capabilities even further with this collaboration. The two firms also aim to produce hub motors for several categories of electric cars, and FLASH hopes to provide customization choices with a power range of 1 kW to 15 kW.
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In August 2023, Biketec's FIT system and German car supplier Hirschvogel Holding GmbH, better known as Hirschvogel Automotive Group, collaborated to introduce hub motor technology. This partnership is anticipated to strengthen the European e-bike hub motor market through the forecast years.
Segment Analysis
The global hub motor market is poised for significant growth and innovation from 2024 to 2030, driven by several key factors across various segments. In terms of industry, the market will witness substantial adoption in both the mid-drive motor and neighborhood electric vehicle (NEV) sectors. This adoption will be fueled by increasing consumer demand for eco-friendly transportation solutions and government initiatives promoting electric mobility.
Within the vehicle type segment, e-bikes, e-scooters/mopeds, and e-motorcycles are expected to dominate the market landscape. As urbanization continues to accelerate worldwide, there is a growing preference for compact and efficient modes of transportation, which is propelling the demand for electric two-wheelers equipped with hub motors.
Installation type is another crucial aspect shaping the market dynamics. Both front hub motors and rear hub motors are gaining traction owing to their respective advantages in terms of performance and design. The versatility of hub motors makes them suitable for various vehicle configurations, contributing to their widespread adoption across different regions.
The market is characterized by a diverse range of motor types, including gearless hub motors and geared hub motors. Each type offers distinct advantages in terms of efficiency, torque output, and maintenance requirements, catering to the diverse needs of consumers and manufacturers alike.
Global Hub Motor Segment Analysis
In this report, the global hub motor market has been segmented by industry, vehicle type, installation type, motor type, power output type, sales channel and geography.
Global Hub Motor Market, Segmentation by Industry
The Global Hub Motor Market has been segmented by Industry into Mid-Drive Motor and Neighborhood Electric Vehicle (NEV).
The Mid-Drive Motor segment caters to a diverse range of industries, including electric bicycles, motorcycles, and commercial vehicles. These motors, situated at the bike's center, offer advantages such as better weight distribution, improved handling, and increased efficiency, making them popular choices for urban commuting and recreational activities. On the other hand, the Neighborhood Electric Vehicle (NEV) segment targets specific urban transportation needs, particularly in densely populated areas and closed communities. NEVs, characterized by their compact size and low-speed capabilities, are often used for short-distance commutes, campus transportation, and intra-city deliveries. Hub motors play a crucial role in NEVs, providing efficient propulsion while maintaining a small footprint, thus aligning with the urban mobility trends emphasizing sustainability and congestion reduction. The segmentation of the Global Hub Motor Market into Mid-Drive Motor and NEV categories reflects the diverse applications and evolving demands within the electric mobility landscape. While Mid-Drive Motors cater to a broader spectrum of industries seeking performance and versatility, NEVs represent a niche yet burgeoning market segment driven by urbanization, environmental concerns, and the need for alternative transportation solutions. As electric mobility continues to expand, both segments are expected to witness sustained growth, driven by technological advancements, regulatory support, and shifting consumer preferences towards sustainable transportation options.
Global Hub Motor Market, Segmentation by Vehicle Type
The Global Hub Motor Market has been segmented by Vehicle Type into E-Bikes, E-Scooters/Mopeds and E-Motorcycles.
E-Bikes have gained popularity as a sustainable and convenient mode of urban transportation, offering commuters an eco-friendly alternative to traditional bikes. With increasing concerns about pollution and traffic congestion, the demand for E-Bikes has surged, driving the growth of the hub motor market. Another key segment in the hub motor market is E-Scooters/Mopeds. These compact and agile vehicles have become increasingly popular for short-distance commuting in urban areas. With advancements in battery technology and motor efficiency, E-Scooters/Mopeds offer a viable solution for reducing carbon emissions and easing traffic congestion in crowded city centers. The integration of hub motors in these vehicles enhances their performance and reliability, further fueling market growth.
E-Motorcycles represent another significant segment in the hub motor market, catering to enthusiasts seeking electric alternatives to traditional gasoline-powered motorcycles. E-Motorcycles offer the thrill of riding with the added benefits of zero emissions and lower operating costs. As consumers become more environmentally conscious and governments implement stricter regulations on vehicle emissions, the demand for E-Motorcycles equipped with hub motors is expected to rise steadily. This segment presents lucrative opportunities for manufacturers to innovate and develop high-performance electric motorcycles that meet the demands of discerning riders.
Global Hub Motor Market, Segmentation by Installation Type
The Global Hub Motor Market has been segmented by Installation Type into Front Hub Motor and Rear Hub Motor.
On the other hand, rear hub motors are installed in the rear wheel assembly, delivering power and torque directly to the rear wheels. These motors are often preferred for their simplicity of design and installation, as they do not interfere with the steering mechanism of the vehicle. Rear hub motors offer benefits such as easier maintenance and repair, as they are more accessible compared to front hub motors. Moreover, they provide a smoother and more natural riding experience, especially in terms of acceleration and braking.
Both front and rear hub motors play crucial roles in the electrification of vehicles, catering to different preferences and requirements of manufacturers and consumers alike. The choice between front and rear hub motors depends on various factors such as vehicle design, performance objectives, and cost considerations. As the global demand for electric vehicles continues to rise, the hub motor market is expected to witness further innovation and development, driving advancements in efficiency, performance, and overall electrification of transportation.
Global Hub Motor Market, Segmentation by Motor Type
The Global Hub Motor Market has been segmented by Motor Type into Gearless Hub Motor and Geared Hub Motor.
Gearless Hub Motors, also known as direct drive or brushless motors, have gained substantial traction due to their simplicity and durability. These motors offer a direct connection between the wheel and the motor shaft, eliminating the need for gears. This design results in reduced mechanical complexity, leading to lower maintenance requirements and increased reliability. Additionally, gearless hub motors provide a smoother and quieter ride, making them preferred for electric bicycles, scooters, and light electric vehicles.
On the other hand, Geared Hub Motors incorporate an internal gearbox, allowing for better torque control and efficiency over a wider range of speeds. These motors are commonly utilized in applications where compactness and high torque are essential, such as electric motorcycles and certain types of electric vehicles. The gearbox enables the motor to achieve higher speeds while maintaining optimal efficiency, making geared hub motors suitable for various demanding applications.
Both Gearless and Geared Hub Motors offer distinct advantages and cater to different market segments and applications. While Gearless Hub Motors excel in simplicity and reliability, Geared Hub Motors provide superior torque control and efficiency. As the demand for electric mobility solutions continues to rise, manufacturers are expected to innovate and further enhance both types of hub motors to meet the evolving needs of consumers and industries worldwide. This segmentation reflects the diverse requirements of the market and offers customers a range of options to suit their specific needs and preferences.
Global Hub Motor Market, Segmentation by Power Output Type
The Global Hub Motor Market has been segmented by Power Output Type into Below 1000 W, 1000-3000 W and Above 3000 W.
Hub motors below 1000 W are commonly found in electric bicycles, scooters, and low-speed electric vehicles. These motors offer a balance between cost-effectiveness and performance suitable for urban commuting and short-distance travel. In the 1000-3000 W power output segment, hub motors cater to a broader range of applications, including electric motorcycles, medium-sized electric vehicles, and light-duty industrial applications. These motors provide increased power and torque compared to lower output variants, enabling enhanced acceleration, higher speeds, and improved load-carrying capacity. They are favored in applications where moderate to high performance is essential, such as urban delivery vehicles and recreational electric vehicles.
Hub motors with power outputs above 3000 W represent the high-performance segment of the market, serving heavy-duty industrial applications, high-speed electric motorcycles, and performance-oriented electric vehicles. These motors deliver exceptional torque and power output, making them suitable for demanding tasks such as heavy load transportation, off-road mobility, and high-speed racing. Their robust design and advanced features ensure reliability and durability under extreme operating conditions.
Global Hub Motor Market, Segmentation by Sales Channel
The Global Hub Motor Market has been segmented by Sales Channel into Aftermarket and OE Market.
The aftermarket segment pertains to the sale of hub motors and related components after the initial sale of the vehicle or bicycle. This segment is fueled by the increasing trend of retrofitting conventional vehicles with electric propulsion systems, reflecting the growing consumer interest in electrification and sustainable transportation solutions. Moreover, the aftermarket sales channel also serves the maintenance and replacement needs of existing EV owners, contributing to sustained market growth.
On the other hand, the OE market involves the integration of hub motors directly into electric vehicles and bicycles during the manufacturing process. This segment is characterized by partnerships between automotive manufacturers and hub motor suppliers to develop customized solutions that meet specific performance and efficiency requirements. The OE market is driven by the expanding global market for electric vehicles, with major automotive players investing heavily in research and development to enhance the performance and range of their electric offerings.
Both aftermarket and OE segments of the hub motor market benefit from technological advancements, including improvements in motor efficiency, power density, and integration with vehicle systems. Additionally, regulatory initiatives promoting the adoption of electric propulsion systems, coupled with consumer preferences for clean and sustainable transportation solutions, further bolster market demand. Overall, the segmentation of the hub motor market into aftermarket and OE channels reflects the diverse pathways through which electric propulsion technologies are reshaping the automotive and bicycle industries.
Global Hub Motor Market, Segmentation by Geography
In this report, the Global Hub Motor Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Hub Motor Market Share (%), by Geographical Region, 2024
North America emerged as a dominant player, capturing a significant share of the market. This can be attributed to the increasing adoption of electric vehicles in countries like the United States and Canada, driven by government incentives, growing environmental consciousness, and the presence of key automotive manufacturers investing in electric mobility solutions. Additionally, the region's robust infrastructure for electric vehicle charging further fueled the demand for hub motors.
Europe also accounted for a considerable share of the global hub motor market in 2023. Countries within the European Union, such as Germany, France, and the Netherlands, have been at the forefront of electric vehicle adoption, supported by stringent emissions regulations and ambitious targets for reducing carbon emissions. Moreover, the region's emphasis on sustainable transportation and the proliferation of electric vehicle charging stations contributed to the growth of the hub motor market.
Asia-Pacific emerged as a significant growth hub for the global hub motor market in 2023. Countries like China, Japan, and South Korea witnessed a surge in the production and sales of electric vehicles, driven by government policies promoting electric mobility and efforts to address air pollution concerns. Additionally, the presence of leading electric vehicle manufacturers and a robust supply chain ecosystem further propelled the demand for hub motors in the region. Furthermore, rapid urbanization and increasing disposable income levels in countries like India are expected to drive the adoption of electric vehicles and, consequently, fuel the demand for hub motors in the coming years.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Hub Motor Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing demand for electric vehicles
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Advancements in motor technology : Advancements in motor technology have been a driving force behind the growth of the global hub motor market. These motors, integrated directly into the wheel hub, offer numerous advantages over traditional motor designs, including improved efficiency, compact size, and simplified vehicle architecture. One key advancement is the development of high-torque, high-efficiency hub motors that enable electric vehicles to achieve impressive performance metrics while maintaining energy efficiency. These motors often utilize advanced materials and design techniques to optimize power-to-weight ratios, enhancing both acceleration and range for electric vehicles. Advancements in motor control algorithms and regenerative braking systems have further bolstered the appeal of hub motors. By fine-tuning the interaction between the motor and vehicle dynamics, manufacturers can achieve smoother acceleration, better traction control, and more precise handling characteristics. This level of integration also facilitates seamless integration with vehicle stability systems and advanced driver assistance features, enhancing overall safety and driving experience. Another significant advancement driving the global hub motor market is the integration of smart technologies and connectivity features. These motors can be equipped with sensors and communication modules that enable real-time monitoring of performance metrics, predictive maintenance, and over-the-air software updates. Such features not only improve the reliability and longevity of hub motors but also enable manufacturers to offer value-added services and personalized user experiences.
Restraints
- High initial investment costs
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Limited availability of charging infrastructure : The global hub motor market faces a significant challenge due to the limited availability of charging infrastructure. Despite the increasing popularity of electric vehicles (EVs) equipped with hub motors, the lack of accessible charging stations poses a barrier to widespread adoption. This limitation is particularly pronounced in regions where EV uptake has been slower or where infrastructure development has lagged behind, inhibiting the potential growth of the hub motor market.One consequence of inadequate charging infrastructure is "range anxiety," where consumers fear running out of battery charge before reaching a charging station. This concern diminishes the appeal of hub motor-equipped EVs, especially for consumers who rely on their vehicles for long-distance travel or daily commuting. As a result, the market penetration of hub motor technology may be hindered, impacting both manufacturers and consumers alike. Addressing the issue of limited charging infrastructure requires concerted efforts from governments, businesses, and other stakeholders.
Investments in charging infrastructure expansion and enhancement are crucial to alleviate range anxiety and promote the adoption of hub motor-equipped EVs. Collaborative initiatives between public and private sectors can expedite the deployment of charging stations, making EV ownership more convenient and appealing to consumers. Additionally, incentives such as tax credits or subsidies for charging infrastructure installation can incentivize businesses and individuals to invest in expanding the charging network.
Opportunities
- Growing emphasis on sustainable transportation
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Expansion of electric vehicle market globally : The global hub motor market is experiencing significant growth due to the expansion of the electric vehicle (EV) market worldwide. As governments and consumers increasingly prioritize sustainability and seek to reduce carbon emissions, the demand for electric vehicles has surged. Hub motors, which are integrated into the wheel hub of electric vehicles, offer several advantages such as compact size, high efficiency, and improved vehicle handling. These attributes have contributed to the rising adoption of hub motors in electric vehicles across various segments, including passenger cars, commercial vehicles, and two-wheelers. One of the key factors driving the expansion of the electric vehicle market globally is the implementation of stringent emission regulations by governments around the world. These regulations compel automakers to reduce the carbon footprint of their vehicles, prompting them to invest in electric and hybrid technologies. Additionally, advancements in battery technology and reductions in battery costs have made electric vehicles more affordable and practical for consumers. As a result, the market for electric vehicles is witnessing rapid expansion, creating a favorable environment for the growth of the hub motor market. The shift towards electric mobility is not limited to passenger vehicles but extends to other segments such as commercial vehicles and two-wheelers. With the increasing awareness of environmental issues and the need to reduce dependence on fossil fuels, fleet operators and consumers alike are embracing electric alternatives. Hub motors offer a compelling solution for electric propulsion in these vehicles, providing benefits such as regenerative braking, improved traction, and simplified drivetrain designs. As a result, the demand for hub motors in commercial vehicles and two-wheelers is projected to witness substantial growth in the coming years.
Competitive Landscape Analysis
Key players in Global Hub Motor Market include :
- QS Motor
- Elaphe Propulsion Technologies
- Schaeffler Technologies AG & Co. KG
- NTN Corporation
- Michelin Group
- MAC Motor
- TDCM Corporation
- ZIEHL-ABEGG SE
- Jiashan Neopower International Trade Co., Ltd.
- Printed Motor Works Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Industry
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Installation Type
- Market Snapshot, By Motor Type
- Market Snapshot, By Power Output Type
- Market Snapshot, By Sales Channel
- Market Snapshot, By Region
- Global Hub Motor Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand for electric vehicles
- Advancements in motor technology
- Restraints
- High initial investment costs
- Limited availability of charging infrastructure
- Opportunities
- Growing emphasis on sustainable transportation
- Expansion of electric vehicle market globally
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Hub Motor Market, By Industry, 2021 - 2031 (USD Million)
- Mid-Drive Motor
- Neighborhood Electric Vehicle (NEV)
- Global Hub Motor Market, By Vehicle Type, 2021 - 2031 (USD Million)
- E-Bikes
- E-Scooters/Mopeds
- E-Motorcycles
- Global Hub Motor Market, By Installation Type, 2021 - 2031 (USD Million)
- Front Hub Motor
- Rear Hub Motor
- Global Hub Motor Market, By Motor Type, 2021 - 2031 (USD Million)
- Gearless Hub Motor
- Geared Hub Motor
- Global Hub Motor Market, By Power Output Type, 2021 - 2031 (USD Million)
- Below 1000 W
- 1000-3000 W
- Above 3000 W
- Global Hub Motor Market, By Sales Channel, 2021 - 2031 (USD Million)
- OE Market
- Aftermarket
- Global Hub Motor Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Hub Motor Market, By Industry, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- QS Motor
- Elaphe Propulsion Technologies
- Schaeffler Technologies AG & Co. KG
- NTN Corporation
- Michelin Group
- MAC Motor
- TDCM Corporation
- ZIEHL-ABEGG SE
- Jiashan Neopower International Trade Co., Ltd.
- Printed Motor Works Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market