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Hub Motor Market by Product, Sales Channel, and Position: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5031455
  • Report
  • March 2020
  • Region: Global
  • 237 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Accell Group
  • Hyundai Mobis
  • NTN Corporation
  • QS Motor
  • Robert Bosch GmbH
  • Siemens AG
  • MORE
In vehicles with in-wheel motor, hub motors are installed close to the drive wheels that rotate the wheels through extremely small drive shaft, which results in a zero-time lag. As the time lag with this system is zero, motor power is transmitted to the wheel instantaneously and offer a very precise control over the wheel. In addition, the left and right wheels are driven by the separated motors due to which the torque for each wheel can be controlled independently.

The market is anticipated to witness a significant growth over the years, owing to enhanced performance of electric vehicle due to hub motor systems.

The global hub motor market is segmented on the basis of product, sales channel, position, and region. Depending on product, the market is divided into Pedelecs, throttle on demand, and scooter or motorcycle. On the basis of sales channel, it is categorized into OEM and aftermarket. By position, it is bifurcated into hub motor and rear hub motor. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the hub motor market include Schaeffler technologies AG & CO. KG, Robert Bosch GmbH, Hyundai Mobis, Siemens AG, QS Motor, Elaphe Propulsion Technologies Ltd., NTN Corporation, TDCM, MAC Shanghai Electric Motor Company Ltd, Accell Group, and others.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the global hub motormarket along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Product
  • Pedelecs
  • Throttle on Demand
  • Scooter or Motorcycle
By Sales Channel
  • OEM
  • Aftermarket
By Position
  • Front Hub Motor
  • Rear Hub Motor
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Netherlands
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Vietnam
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY MARKET PLAYERS
  • Schaeffler technologies AG & CO. KG
  • Robert Bosch GmbH
  • Hyundai Mobis
  • Siemens AG
  • QS Motor
  • Elaphe Propulsion Technologies Ltd.
  • NTN Corporation
  • TDCM
  • MAC Shanghai Electric Motor Company Ltd.
  • Accell Group
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accell Group
  • Hyundai Mobis
  • NTN Corporation
  • QS Motor
  • Robert Bosch GmbH
  • Siemens AG
  • MORE
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Market share analysis (2018)
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rise in production of vehicles with in-wheel electric motors
3.5.1.2. Enhanced performance of electric vehicle due to hub motor systems
3.5.2. Restraint
3.5.2.1. Less operating speed and complex structure of hub motors
3.5.3. Opportunities
3.5.3.1. Increase in penetration of electric vehicles

CHAPTER 4: HUB MOTORS MARKET, BY PRODUCT
4.1. Overview
4.2. Pedelecs
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Throttle on demand
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Scooter or motorcycle
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

CHAPTER 5: HUB MOTORS MARKET, BY SALES CHANNEL
5.1. Overview
5.2. Original equipment manufacturer (OEM)
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Aftermarket
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

CHAPTER 6: HUB MOTORS MARKET, BY POSITION
6.1. Overview
6.2. Front hub motor
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Rear hub motor
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

CHAPTER 7: HUB MOTORS MARKET, BY REGION
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by product
7.2.3. Market size and forecast, by sales channel
7.2.4. Market size and forecast, by position
7.2.5. Market analysis, by country
7.2.5.1. U. S.
7.2.5.1.1. Market size and forecast, by product
7.2.5.1.2. Market size and forecast, by sales channel
7.2.5.1.3. Market size and forecast, by position
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by product
7.2.5.2.2. Market size and forecast, by sales channel
7.2.5.2.3. Market size and forecast, by position
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by product
7.2.5.3.2. Market size and forecast, by sales channel
7.2.5.3.3. Market size and forecast, by position
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by product
7.3.3. Market size and forecast, by sales channel
7.3.4. Market size and forecast, by position
7.3.5. Market analysis, by country
7.3.5.1. U. K.
7.3.5.1.1. Market size and forecast, by product
7.3.5.1.2. Market size and forecast, by sales channel
7.3.5.1.3. Market size and forecast, by position
7.3.5.2. Netherlands
7.3.5.2.1. Market size and forecast, by product
7.3.5.2.2. Market size and forecast, by sales channel
7.3.5.2.3. Market size and forecast, by position
7.3.5.3. Germany
7.3.5.3.1. Market size and forecast, by product
7.3.5.3.2. Market size and forecast, by Sales Channel
7.3.5.3.3. Market size and forecast, by position
7.3.5.4. France
7.3.5.4.1. Market size and forecast, by product
7.3.5.4.2. Market size and forecast, by sales channel
7.3.5.4.3. Market size and forecast, by position
7.3.5.5. Italy
7.3.5.5.1. Market size and forecast, by product
7.3.5.5.2. Market size and forecast, by sales channel
7.3.5.5.3. Market size and forecast, by position
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by product
7.3.5.6.2. Market size and forecast, by sales channel
7.3.5.6.3. Market size and forecast, by position
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by product
7.4.3. Market size and forecast, by sales channel
7.4.4. Market size and forecast, by position
7.4.5. Market analysis, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by product
7.4.5.1.2. Market size and forecast, by sales channel
7.4.5.1.3. Market size and forecast, by position
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by product
7.4.5.2.2. Market size and forecast, by sales channel
7.4.5.2.3. Market size and forecast, by position
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by product
7.4.5.3.2. Market size and forecast, by sales channel
7.4.5.3.3. Market size and forecast, by position
7.4.5.4. Australia
7.4.5.4.1. Market size and forecast, by product
7.4.5.4.2. Market size and forecast, by sales channel
7.4.5.4.3. Market size and forecast, by position
7.4.5.5. Vietnam
7.4.5.5.1. Market size and forecast, by product
7.4.5.5.2. Market size and forecast, by sales channel
7.4.5.5.3. Market size and forecast, by position
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Market size and forecast, by product
7.4.5.6.2. Market size and forecast, by sales channel
7.4.5.6.3. Market size and forecast, by position
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by product
7.5.3. Market size and forecast, by sales channel
7.5.4. Market size and forecast, by position
7.5.5. Market analysis, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by product
7.5.5.1.2. Market size and forecast, by sales channel
7.5.5.1.3. Market size and forecast, by position
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by product
7.5.5.2.2. Market size and forecast, by sales channel
7.5.5.2.3. Market size and forecast, by position
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by product
7.5.5.3.2. Market size and forecast, by sales channel
7.5.5.3.3. Market size and forecast, by position

CHAPTER 8: COMPANY PROFILES
8.1. Schaeffler technologies AG & CO. KG
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.2. Robert Bosch GmbH
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.3. HYUNDAI MOBIS
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments
8.4. Siemens AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business Segment
8.4.4. Business performance
8.5. QS Motor
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.5.4. Key strategic moves and developments
8.6. Elaphe Propulsion Technologies Ltd.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.6.4. Key strategic moves and developments
8.7. NTN Corporation
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.8. TDCM
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio
8.9. MAC Shanghai Electric Motor Company Ltd.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.10. Accell Group
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accell Group
  • Hyundai Mobis
  • NTN Corporation
  • QS Motor
  • Robert Bosch GmbH
  • Siemens AG
  • MORE
According to the report titled, 'Hub Motor Market by Product, Sales Channel, and Position: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global hub motor market size was valued at $12.25 billion in 2018, and is projected to reach $17.45billion by 2026, registering a CAGR of 4.4% from 2019 to 2026.

Presently, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the Asia-Pacific hub motor market share in 2018 and is anticipated to maintain its lead during the forecast period.

Pedelecs are designed to make driving an e-bike mimic the natural motion that is used while riding a conventional bicycle. For instance, pedaling a bicycle increases the speed, in the same way, a sensor is mounted on the bottom bracket or pedal crank arm that is activated on pedaling. Thus, the motor in the bike generates power while pedaling. The riding range of these pedal assist bikes is longer as compared to other types such as throttle on demand, which in turn is anticipated to propel the growth of the market. In addition, throttle on demand bikes consists of small electric motor, which is when activated engages the motor and provides the power on demand propels the bike forward. In addition, it provides easy operation, natural grip of bicycle h handlebar, and others. The throttle on demand bikes offer features such as ease of use, simplicity in maintenance & installation, customizable grip positioning, and others, which in turn is anticipated to propel the growth of the market for throttle on demand segment. Rise in demand for scooters and motorcycles with hub motors, owing to enhanced performance and extended riding range is anticipated to propel the growth of the market for the scooter or motorcycle segment.

The hub motors or in-wheel motors that are installed on the front wheel of the bikes are considered under the front hub motor segment. In addition, the front hub motor segment is anticipated to exhibit lucrative growth during the forecast period. Installation of hub motor on the front wheel offers advantages such as easy installation & less maintenance, cheaper price, and can be fitted on normal bike frame, which in turn is anticipated to boost the growth of the hub motor market for front wheel position. Whereas, the bikes in which the hub motor is installed on the rear wheel are considered under the rear hub motor segment. In addition, rear hub motors are better on dirt roads as compared to front hub motors. They undergo less wear as it is protected by a covering, which in turn is anticipated to propel the growth of the market for rear hub motor segment.

Leading luxury car manufacturers are introducing new range of electric vehicle with hub motor, which in turn is anticipated to propel the growth of hub motor market. For instance, on November 11, 2019, Lexus, a luxury car br and, launched first electric car that features in-wheel electric motor. Electric motor manufacturers are introducing hub motor with innovative and enhanced features, which in turn will boost the growth of the market in this region. For instance, on March 5, 2019, Nidec, a Japanese manufacturer of electric motor announced an in-wheel prototype for electric vehicle, which provides high power and high torque density. In addition, factors such as continuous development of hub motor by the electric vehicle manufacturers and improved performance of the electric vehicle due to hub motor is anticipated to drive the growth of the market.

The factor such as rise in production of vehicles with in-wheel electric motors drives the growth of the hub motor market. In addition, enhanced performance of electric vehicle due to hub motor systems propels the growth of the market. However, less operating speed and complex structure of hub motors restrains the growth of the market. Furthermore, increase in penetration of electric vehicle globally is expected to offer remarkable growth opportunity for the players operating in the hub motor market.

According to Lalit Katare& Anvay Sonpimple, Lead Analysts, Automotive and Transportation, “Based on product, the Pedals segment dominate the global hub motormarket in 2018, in terms of revenue. In addition, based on sales channel, the OEM segment is expected to exhibit remarkable growth rate during the forecast period. Currently, Asia-Pacific is the highest revenue contributor, followed by Europe, North America, and LAMEA.”

KEY FINDINGS OF THE STUDY
  • On the basis of product, the throttle on demand segmentis anticipated to exhibit a remarkable growth during the forecast period.
  • On the basis of sales channel, the aftermarket segment is the highest contributing segment in 2018, in terms of revenue.
  • Region wise, Europe is the fastest growing region, followed by North America, Asia-Pacific, and LAMEA.
The key players analyzed in this report are Schaeffler technologies AG & CO. KG, Robert Bosch GmbH, Hyundai Mobis, Siemens AG, QS Motor, Elaphe Propulsion Technologies Ltd., NTN Corporation, TDCM, MAC Shanghai Electric Motor Company Ltd, Accell Group, and others.
Note: Product cover images may vary from those shown
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  • Schaeffler technologies AG & CO. KG
  • Robert Bosch GmbH
  • Hyundai Mobis
  • Siemens AG
  • QS Motor
  • Elaphe Propulsion Technologies Ltd.
  • NTN Corporation
  • TDCM
  • MAC Shanghai Electric Motor Company Ltd
  • Accell Group
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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