Global Automotive Hub Motor Market

 

Global Automotive Hub Motor Market was valued at US$ 6.0Bn in 2019 and is estimated to reach US$ 12.0Bn by 2026 at a CAGR of 9.05%.

 

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

 

 

 

Automotive hub motors are mostly used in electric bicycles. The automotive hub motors are also frequently used or applied in industries wherein driving wheels form a part of assembly lines. The automotive hub motor refers to an electric motor that is equipped in the hub of a wheel which allows it to move.

 

Demand for automotive hub motor technology to power electric vehicles is projected to rise due to the increase in preference by consumers towards electric vehicles. The automotive hub motor technology is robust, easy to install, and does not need modification to other vehicle systems. With the integration of automotive hub motors, it allows a vehicle to be operated as a four-wheel drive and all-wheel drive vehicle without using a transfer case.

 

Automotive hub motors are extensively utilized in electric buses. The automotive hub motor system market is easy to develop, as compared to the electric drive with a transmission. The hub motor is the preferred technology for buses as an absence of an engine and transmission system offers more floor space.

 

The geared hub motor is the fastest-growing segment of the automotive hub motor market. The geared hub motor is the most general motor type adopted for hub motors as it controls the speed of a vehicle. Geared hub motors provide high torque that aids in driving on mountains or hills. Geared hub motors have planetary gears that reduce the vehicle speed, though, they allow the motor to rotate at faster speeds. Hub motors are mostly geared for speed control and durability.

 

Region-wise, the Asia-Pacific is dominating the automotive hub motor market during the forecast period. The automotive hub motors market in the APAC region is primarily governed by countries such as China, Japan, and some of the Southeast Asia countries. These countries have tough penetration of electric two-wheelers, making them the most prominent markets for the related components.

 

Global Automotive Hub Motor Market Report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.

 

The key players operating in the global automotive hub motor market are, Heinzmann GmbH & Co. KG, Protean Electric Ltd., Elaphe Ltd., Taizhou Quanshun Motor Co., Ltd, Mitsubishi Motors, Schaeffler Technologies AG & Co. KG, TDCM Corporation Ltd., Michelin Group, Magnetic Systems Technology Ltd., SIM-Drive Corporation, GO SwissDrive AG, QS Motor Co., Ltd.

Scope of Global Automotive Hub Motor Market

 

Global Automotive Hub Motor Market, by Type

 

• Gearless Hub Motor

• Geared Hub Motor

Global Automotive Hub Motor Market, by Application

 

• Two-Wheelers

• Electric Cars

• Commercial Vehicles

Global Automotive Hub Motor Market, by Region

 

• North America

• Europe

• Asia-Pacific

• Middle East and Africa

• South America

Key Players Operating in Global Automotive Hub Motor Market

 

• Heinzmann GmbH & Co. KG

• Protean Electric Ltd.

• Elaphe Ltd.

• Taizhou Quanshun Motor Co., Ltd

• Mitsubishi Motors

• Schaeffler Technologies AG & Co. KG

• TDCM Corporation Ltd.

• Michelin Group

• Magnetic Systems Technology Ltd.

• SIM-Drive Corporation

• GO SwissDrive AG

• QS Motor Co., Ltd

For More Information Vist: https://www.maximizemarketresearch.com/market-report/global-automotive-hub-motor-market/22755/

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