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% during a forecast period.

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.

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Global Automotive Hub Motor Market Dynamics

The automotive hub motor is mostly used in electric bicycles. The automotive hub motor is 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 like other vehicle systems. With the integration of an automotive hub motor, 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 favoured instead of buses as it offers the absence of an engine and more transmission floor space.
Global Automotive Hub Motor Market Segment Analysis

The geared hub motor is the fastest-growing segment in 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 motor provides 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 a faster speed. Hub motors are mostly geared for speed control and durability.
Global Automotive Hub Motor Market Regional Insights

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 market.

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.
Global Automotive Hub Motor Market, Key Highlights:

• Global Automotive Hub Motor Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Automotive Hub Motor Market
• Global Automotive Hub Motor Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Automotive Hub Motor Market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Global Automotive Hub Motor Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Automotive Hub Motor Market are also profiled.
Scope of the Global Automotive Hub Motor Market: Inquire before buying

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
Global Automotive Hub Motor Market Key Players

• Heinzmann GmbH & Co. KG
• Protean Electric Ltd.
• Elaphe Ltd.
• Taizhou Quanshun Motor Co., Ltd
• Mitsubishi Motors
• Schaeffler Technologies AG & Co. KG
• TDCM Corporation Ltd.
• Mitsubishi Electric Corporation
• Johnson Electric Holdings Limited
• Denso Corporation
• Michelin Group
• Magnetic Systems Technology Ltd.
• SIM-Drive Corporation
• GO SwissDrive AG
• QS Motor Co., Ltd

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