Quick Summary:
In an age where innovation and technology are driving change like never before, your business cannot afford to be behind the curve. For those investing or operating in the Hub Motor industry, the comprehensive "Global Hub Motor Market" research report is an indispensable tool. Forecasted to reach $15.8 billion by 2030, this market promises significant opportunities and extensive growth, which you can be a part of.
The external environment, competitors, innovations, the profiled opportunity of more than 42 competitors, and geographically diverse factors can significantly impact your business strategy. Whether you are interested in the electric bike segment, expected to reach $8.8 billion, or want to understand better why China's market growth is predicted to surge with a CAGR of 13.5%, this report has you covered. Gain an edge over your competitors and be ahead of future trends with this indispensable investment tool.
Global Hub Motor Market to Reach $15.8 Billion by 2030
The global market for Hub Motor estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$15.8 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2022-2030. Electric Bike, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$8.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electric Scooter / Moped segment is readjusted to a revised 10.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 13.5% CAGR
The Hub Motor market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 13.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.Select Competitors (Total 42 Featured) -
- Elaphe Ltd
- Enertrac Corporation
- Go Swissdrive
- Jiashan Neopower International Trade
- Leaf Motor
- MAC Motor
- Michelin Group
- NTN
- QS Motor
- Robert Bosch
- Schaeffler
- Specialized Bicycle Components
- Tajima EV
- TDCM Corporation
- Trek
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Hub Motor?
What is the growth rate of the Global Market for Hub Motor?
What is the forecasted size of the Global Market for Hub Motor?
Who are the key companies in the Global Market for Hub Motor?
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 8 Billion |
Forecasted Market Value ( USD | $ 15.8 Billion |
Compound Annual Growth Rate | 8.9% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Elaphe Ltd
- Enertrac Corporation
- Go Swissdrive
- Jiashan Neopower International Trade
- Leaf Motor
- MAC Motor
- Michelin Group
- NTN
- QS Motor
- Robert Bosch
- Schaeffler
- Specialized Bicycle Components
- Tajima EV
- TDCM Corporation
- Trek