세계의 전기자동차(EV)용 허브 모터 시장 규모 및 예측 : 차종별, 출력별, 컴포넌트별, 포지션 유형별, 지역별 분석(2023-2030년)

Global Electric Vehicle (EV) Hub Motor Market is valued at approximately USD 23.09 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.7% over the forecast period 2023-2030. An electric vehicle (EV) hub motor is an integrated propulsion system directly embedded within the wheel hub of an electric vehicle. Unlike traditional vehicles, this design eliminates the need for separate drivetrain components, improving efficiency, handling, and space utilization within the vehicle. Hub motors are known for their decentralized layout, efficient energy conversion, regenerative braking capabilities, and precise torque control, contributing to enhanced range, performance, and sustainability in electric vehicles. The electric vehicle hub motor market focuses on the manufacturing, sales, and distribution of specialized hub motors directly mounted into wheel hubs, forming a compact and decentralized propulsion system. This market encompasses components and services related to these motors, including production, technological advancements, and integration into various electric mobility solutions like e-bikes, electric mopeds, and electric motorcycles. The increasing popularity of electric two-wheelers, rising environmental awareness, intensifying fuel prices, and growing emphasis on sustainable transportation are the key factors that are propelling the market demand across the globe. As per Statista, the global e-bikes market is estimated to reach approximately 36.5 million units in 2022 and is anticipated to reach nearly 77.3 million e-bikes worldwide by 2030.

Additionally, the market is expanding as a result of favorable government regulations, incentives, and subsidies that boost electric vehicles and lower carbon emissions. These regulations incentivize producers and end users to allocate funds towards electric mobility solutions, such as hub-powered automobiles. For instance, in March 2023, Indonesia unveiled new incentives aimed at bolstering the sales of electric two-wheelers, cars, and buses. These incentives seek to strengthen domestic capabilities in electric vehicle (EV) and battery manufacturing by emphasizing local component requirements. The government's ambitious plan includes subsidizing the sale of 200,000 electric two-wheelers in 2023, targeting a sales share of 4% respectively. The newly introduced subsidies have the potential to reduce the price of electric two-wheelers by 25-50%, enhancing competitiveness against Internal Combustion Engine (ICE) equivalents. Moreover, the rise in technological innovations for enhanced performance, as well as the growing trend of micro-mobility presents various lucrative opportunities over the forecasting years. However, the high initial cost of hub motors and the complexities associated with thermal management are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Electric Vehicle (EV) Hub Motor Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising environmental concerns, supported by favorable government policies, along with the increasing popularity of electric two-wheelers and e-bikes in countries like India, Japan, and South Korea. Whereas Europe is expected to grow at a significant CAGR over the forecast years. Manufacturers are making significant investments in electric bicycle production, leading to a higher demand for components like motors and drive units. These advancements are driving market growth in Europe.

Major market players included in this report are:

• Robert Bosch GmbH (Germany)
• QS Motors (China)
• Kolektor (Slovenia)
• Printed Motor Works (U.K.)
• NSK Ltd. (Japan)
• NTN Corporation (Japan)
• GEM Motors (Slovenia)
• Magnetic Systems Technology (U.K.)
• e-Traction B.V. (Netherlands)
• Hyundai Mobis (South Korea)

Recent Developments in the Market:

• In October 2023, Bosch unveiled plans to launch an advanced electric wheel hub motor, aiming to support vehicle manufacturers in reducing emissions. The new motor, coupled with the Bosch Drive Control Unit, integrates key functionalities like smoother starting and cruise control, enhancing overall driving comfort and efficiency.
• In October 2021, Yamaha Motor Co., Ltd. entered into a joint venture with Hero Motors Limited to manufacture Hub-mounted drive units for electrically power-assisted bicycles (e-Bikes). The joint venture, in which Yamaha Motor holds a 10% stake and Hero Motors holds the remaining 90%, was set to be established by the end of November 2021.

Global Electric Vehicle (EV) Hub Motor Market Report Scope:

• Historical Data - 2020 - 2021
• Base Year for Estimation - 2022
• Forecast period - 2023-2030
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Segments Covered - Vehicle Type, Power Output, Component, Position Type, Region
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicle Type:

• E-bike
• E-2 wheeler

By Power Output:

• Below 1000W
• 1001-3000W
• Above 3000W

By Component:

• Stator
• Rotor, Bearing & Shaft
• Magnet
• Others

By Position Type:

• Rear Hub Motor
• Front Hub Motor

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Table of Contents

Chapter 1.Executive Summary

• 1.1.Market Snapshot
• 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  • 1.2.1.Electric Vehicle (EV) Hub Motor Market, by Region, 2020-2030 (USD Billion)
  • 1.2.2.Electric Vehicle (EV) Hub Motor Market, by Vehicle Type, 2020-2030 (USD Billion)
  • 1.2.3.Electric Vehicle (EV) Hub Motor Market, by Power Output, 2020-2030 (USD Billion)
  • 1.2.4.Electric Vehicle (EV) Hub Motor Market, by Component, 2020-2030 (USD Billion)
  • 1.2.5.Electric Vehicle (EV) Hub Motor Market, by Position Type, 2020-2030 (USD Billion)
• 1.3.Key Trends
• 1.4.Estimation Methodology
• 1.5.Research Assumption

Chapter 2.Global Electric Vehicle (EV) Hub Motor Market Definition and Scope

• 2.1.Objective of the Study
• 2.2.Market Definition & Scope
  • 2.2.1.Industry Evolution
  • 2.2.2.Scope of the Study
• 2.3.Years Considered for the Study
• 2.4.Currency Conversion Rates

Chapter 3.Global Electric Vehicle (EV) Hub Motor Market Dynamics

• 3.1.Electric Vehicle (EV) Hub Motor Market Impact Analysis (2020-2030)
  • 3.1.1.Market Drivers
    • 3.1.1.1.Increasing popularity of electric two-wheelers
    • 3.1.1.2.Favourable government regulations, incentives, and subsidies for electric vehicles
  • 3.1.2.Market Challenges
    • 3.1.2.1.High initial cost of hub motor
    • 3.1.2.2.Complexities associated with thermal management
  • 3.1.3.Market Opportunities
    • 3.1.3.1.Rise in technological innovations for enhanced performance
    • 3.1.3.2.Growing trend of the micro-mobility

Chapter 4.Global Electric Vehicle (EV) Hub Motor Market Industry Analysis

• 4.1.Porter's 5 Force Model
  • 4.1.1.Bargaining Power of Suppliers
  • 4.1.2.Bargaining Power of Buyers
  • 4.1.3.Threat of New Entrants
  • 4.1.4.Threat of Substitutes
  • 4.1.5.Competitive Rivalry
• 4.2.Porter's 5 Force Impact Analysis
• 4.3.PEST Analysis
  • 4.3.1.Political
  • 4.3.2.Economical
  • 4.3.3.Social
  • 4.3.4.Technological
  • 4.3.5.Environmental
  • 4.3.6.Legal
• 4.4.Top investment opportunity
• 4.5.Top winning strategies
• 4.6.COVID-19 Impact Analysis
• 4.7.Disruptive Trends
• 4.8.Industry Expert Perspective
• 4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Electric Vehicle (EV) Hub Motor Market, by Vehicle Type

• 5.1.Market Snapshot
• 5.2.Global Electric Vehicle (EV) Hub Motor Market by Vehicle Type, Performance - Potential Analysis
• 5.3.Global Electric Vehicle (EV) Hub Motor Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
• 5.4.Electric Vehicle (EV) Hub Motor Market, Sub Segment Analysis
  • 5.4.1.E-bike
  • 5.4.2.E-2 wheeler

Chapter 6.Global Electric Vehicle (EV) Hub Motor Market, by Power Output

• 6.1.Market Snapshot
• 6.2.Global Electric Vehicle (EV) Hub Motor Market by Power Output, Performance - Potential Analysis
• 6.3.Global Electric Vehicle (EV) Hub Motor Market Estimates & Forecasts by Power Output 2020-2030 (USD Billion)
• 6.4.Electric Vehicle (EV) Hub Motor Market, Sub Segment Analysis
  • 6.4.1.Below 1000W
  • 6.4.2.1001-3000W
  • 6.4.3.Above 3000W

Chapter 7.Global Electric Vehicle (EV) Hub Motor Market, by Component

• 7.1.Market Snapshot
• 7.2.Global Electric Vehicle (EV) Hub Motor Market by Component, Performance - Potential Analysis
• 7.3.Global Electric Vehicle (EV) Hub Motor Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
• 7.4.Electric Vehicle (EV) Hub Motor Market, Sub Segment Analysis
  • 7.4.1.Stator
  • 7.4.2.Rotor, Bearing & Shaft
  • 7.4.3.Magnet
  • 7.4.4.Others

Chapter 8.Electric Vehicle (EV) Hub Motor Market, by Position Type

• 8.1.Market Snapshot
• 8.2.Global Electric Vehicle (EV) Hub Motor Market by Position Type, Performance - Potential Analysis
• 8.3.Global Electric Vehicle (EV) Hub Motor Market Estimates & Forecasts by Position Type 2020-2030 (USD Billion)
• 8.4.Electric Vehicle (EV) Hub Motor Market, Sub Segment Analysis
  • 8.4.1.Rear Hub motor
  • 8.4.2.Front Hub motor

Chapter 9.Global Electric Vehicle (EV) Hub Motor Market, Regional Analysis

• 9.1.Top Leading Countries
• 9.2.Top Emerging Countries
• 9.3.Electric Vehicle (EV) Hub Motor Market, Regional Market Snapshot
• 9.4.North America Electric Vehicle (EV) Hub Motor Market
  • 9.4.1.U.S. Electric Vehicle (EV) Hub Motor Market
    • 9.4.1.1.Vehicle Type breakdown estimates & forecasts, 2020-2030
    • 9.4.1.2.Power Output breakdown estimates & forecasts, 2020-2030
    • 9.4.1.3.Component breakdown estimates & forecasts, 2020-2030
    • 9.4.1.4.Position Type breakdown estimates & forecasts, 2020-2030
  • 9.4.2.Canada Electric Vehicle (EV) Hub Motor Market
• 9.5.Europe Electric Vehicle (EV) Hub Motor Market Snapshot
  • 9.5.1.U.K. Electric Vehicle (EV) Hub Motor Market
  • 9.5.2.Germany Electric Vehicle (EV) Hub Motor Market
  • 9.5.3.France Electric Vehicle (EV) Hub Motor Market
  • 9.5.4.Spain Electric Vehicle (EV) Hub Motor Market
  • 9.5.5.Italy Electric Vehicle (EV) Hub Motor Market
  • 9.5.6.Rest of Europe Electric Vehicle (EV) Hub Motor Market
• 9.6.Asia-Pacific Electric Vehicle (EV) Hub Motor Market Snapshot
  • 9.6.1.China Electric Vehicle (EV) Hub Motor Market
  • 9.6.2.India Electric Vehicle (EV) Hub Motor Market
  • 9.6.3.Japan Electric Vehicle (EV) Hub Motor Market
  • 9.6.4.Australia Electric Vehicle (EV) Hub Motor Market
  • 9.6.5.South Korea Electric Vehicle (EV) Hub Motor Market
  • 9.6.6.Rest of Asia Pacific Electric Vehicle (EV) Hub Motor Market
• 9.7.Latin America Electric Vehicle (EV) Hub Motor Market Snapshot
  • 9.7.1.Brazil Electric Vehicle (EV) Hub Motor Market
  • 9.7.2.Mexico Electric Vehicle (EV) Hub Motor Market
• 9.8.Middle East & Africa Electric Vehicle (EV) Hub Motor Market
  • 9.8.1.Saudi Arabia Electric Vehicle (EV) Hub Motor Market
  • 9.8.2.South Africa Electric Vehicle (EV) Hub Motor Market
  • 9.8.3.Rest of Middle East & Africa Electric Vehicle (EV) Hub Motor Market

Chapter 10.Competitive Intelligence

• 10.1.Key Company SWOT Analysis
• 10.2.Top Market Strategies
• 10.3.Company Profiles
  • 10.3.1.Robert Bosch GmbH (Germany)
    • 10.3.1.1.Key Information
    • 10.3.1.2.Overview
    • 10.3.1.3.Financial (Subject to Data Availability)
    • 10.3.1.4.Product Summary
    • 10.3.1.5.Recent Developments
  • 10.3.2.QS Motors (China)
  • 10.3.3.Kolektor (Slovenia)
  • 10.3.4.Printed Motor Works (U.K.)
  • 10.3.5.NSK Ltd. (Japan)
  • 10.3.6.NTN Corporation (Japan)
  • 10.3.7.GEM Motors (Slovenia)
  • 10.3.8.Magnetic Systems Technology (U.K.)
  • 10.3.9.e-Traction B.V. (Netherlands)
  • 10.3.10.Hyundai Mobis (South Korea)

Chapter 11.Research Process

• 11.1.Research Process
  • 11.1.1.Data Mining
  • 11.1.2.Analysis
  • 11.1.3.Market Estimation
  • 11.1.4.Validation
  • 11.1.5.Publishing
• 11.2.Research Attributes
• 11.3.Research Assumption