“Automotive Hub Motor Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Automotive Hub Motor Market by region.
Automotive Hub Motor Market to reach USD 15.04 billion by 2027.Global Automotive Hub Motor Market is valued approximately at USD 10 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2021-2027.
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Hub motor is an electric motor that is installed in the wheels which helps to drives the wheels directly. This type of technology which is used in this motor is called brushless technology. The technology used in this system is brushless DC technology, in this technology mechanical commutation is replaced with the electronic commutation. The Automotive Hub Motor market is being driven by rise in production of vehicles with in-wheel electric motors, enhanced performance of electric vehicle due to hub motor systems.
In addition, With the growing concerns and awareness to protect and preserve the environment for future generations, the need for zero-emission mobility has tremendously increased the demand for electric vehicles across the world. Thereby increasing the demand of hub motors. For instance, In June 2021, ETRAN, an electric motorbike developer has signed MoU with Pioneer Motor of Thailand, to develop hub motors for motorcycles. However, less operating speed and complex structure of hub motors, may impede market growth over the forecast period of 2021-2027.
The regional analysis of the Automotive Hub Motor Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is a significant region across the world in terms of market share due to strong penetration of electric vehicles, and the related components in the region. Whereas North America is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027, due ongoing expansion towards the Electric vehicle in the region.
Major market player included 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
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
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
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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List of Factors Covered in the Report are:
Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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