Global Two Wheeler Hub Motors Market to Reach $25.9 Billion by 2030
The global market for Two Wheeler Hub Motors estimated at US$11 Billion in the year 2022, is projected to reach a revised size of US$25.9 Billion by 2030, growing at a CAGR of 11.4% over the analysis period 2022-2030. Rear Hub Motor, one of the segments analyzed in the report, is projected to record 11.8% CAGR and reach US$23.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Front Hub Motor segment is readjusted to a revised 7.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 17.5% CAGR
The Two Wheeler Hub Motors market in the U.S. is estimated at US$3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2030 trailing a CAGR of 17.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 9.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.Select Competitors (Total 42 Featured) -
- Elaphe Propulsion Technologies Ltd.
- GO SwissDrive AG
- Heinzmann GmbH and Co. KG
- MAC Shanghai Electric Motor Company Ltd
- Michelin Group
- NTN Corporation
- Protean Electric
- QS Motor
- Robert Bosch GmbH
- Schaeffler Technologies AG and Co. KG
- Taizhou Quanshun Motor Co., Ltd.
- TDCM Corporation Ltd.
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
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Elaphe Propulsion Technologies Ltd.
- GO SwissDrive AG
- Heinzmann GmbH and Co. KG
- MAC Shanghai Electric Motor Company Ltd
- Michelin Group
- NTN Corporation
- Protean Electric
- QS Motor
- Robert Bosch GmbH
- Schaeffler Technologies AG and Co. KG
- Taizhou Quanshun Motor Co., Ltd.
- TDCM Corporation Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 11 Billion |
Forecasted Market Value ( USD | $ 25.9 Billion |
Compound Annual Growth Rate | 11.3% |
Regions Covered | Global |