허브 모터 시장 예측( -2030년) : 모터 유형별, 출력별, 설치 유형별, 모터 설계별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Hub Motor Market is accounted for $13.98 billion in 2024 and is expected to reach $20.75 billion by 2030 growing at a CAGR of 6.8% during the forecast period. A hub motor is an electric motor that is built right into the wheel hub of an automobile, scooter, or electric bicycle. It provides a small and effective electric propulsion solution by doing away with the necessity for a conventional drivetrain. By directly powering the wheels, hub motors offer advantages like ease of use, minimal maintenance, and increased energy efficiency. Because of their simplicity of installation and capacity to provide sufficient torque and performance, they are frequently found in light electric vehicles.

According to the National Renewable Energy Laboratory, there could be between 30 Million to 42 Million EVs on U.S. roads by 2030, highlighting the significant shift toward electric mobility.

Market Dynamics:

Driver:

Increasing demand for electric vehicles (EVs)

EV adoption is speeding up as governments around the world enact laws to lower carbon emissions and encourage environmentally friendly transportation. Integrated into EV wheels, hub motors provide a number of benefits, including increased performance, decreased weight, and increased efficiency. The market for hub motors is also being driven by consumers' increasing preference for environmentally friendly automobiles. The expansion of the EV market is also being aided by developments in battery technology and charging infrastructure, which raises the need for hub motors.

Restraint:

Maintenance issues in harsh conditions

Hub motors, being located in the wheels, are exposed to challenging environments such as extreme temperatures, moisture, and debris. These conditions can lead to wear and tear, affecting the performance and longevity of hub motors. Regular maintenance is required to ensure the reliability and efficiency of hub motors, which can be time-consuming and costly. Furthermore, the availability of skilled technicians for maintenance and repairs can be limited in certain regions. This can deter consumers and manufacturers from adopting hub motors for their EVs.

Opportunity:

Popularity of E-mobility and last-mile connectivity

Urbanization and increasing traffic congestion are driving the demand for efficient and sustainable transportation solutions. Hub motors are ideal for e-mobility applications such as electric scooters, bikes, and small vehicles used for last-mile connectivity. Their compact design and high efficiency make them suitable for navigating urban environments. Additionally, government incentives and initiatives promoting e-mobility further boost the adoption of hub motors. The growth of ride-sharing and micro-mobility services also contributes to the increased demand for hub motor-powered vehicles.

Threat:

Limited torque for high-speed applications

Hub motors have a limited torque output at higher speeds, which might affect their performance even though they are quite efficient at lower speeds. High-speed EVs may become less competitive when compared to cars with conventional powertrains as a result of this impact on their acceleration and general performance. Manufacturers must spend money on research and development to increase hub motor torque in order to overcome this obstacle. Furthermore, hub motor performance in high-speed applications can be enhanced by integrating cutting-edge materials and control technologies.

Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the hub motor market, causing disruptions in supply chains and manufacturing processes. Lockdowns and restrictions on movement resulted in temporary shutdowns of manufacturing facilities, leading to delays in the production and delivery of hub motors. The economic slowdown also led to reduced consumer spending and a decline in automotive sales, affecting the demand for hub motors. However, as the world recovers from the pandemic, there is an expected rebound in the market.

The electric scooters segment is expected to be the largest during the forecast period

The electric scooters segment is expected to account for the largest market share during the forecast period. Electric scooters equipped with hub motors offer several advantages, such as compact design, ease of use, and low maintenance requirements. Additionally, the rising awareness of environmental issues and the need for sustainable transportation solutions are driving the demand for electric scooters. The growing trend of ride-sharing and micro-mobility services further boosts the adoption of electric scooters with hub motors.

The transportation segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the transportation segment is predicted to witness the highest growth rate, due to the growing demand for efficient and eco-friendly transportation solutions. Hub motors are being increasingly adopted in various transportation applications, including electric buses, trucks, and delivery vehicles. The benefits of hub motors, such as improved efficiency, reduced emissions, and enhanced performance, make them suitable for transportation applications. The shift towards green logistics and sustainable transportation practices is driving the demand for hub motor-powered vehicles in the transportation sector.

Region with largest share:

During the forecast period, Asia Pacific region is expected to hold the largest market share, attributed to the rapid adoption of electric vehicles and the presence of major EV manufacturers in countries like China, Japan, and India. The region's strong automotive industry and supportive government policies promoting sustainable transportation drive the demand for hub motors. The rising urbanization and traffic congestion in Asia Pacific also contribute to the demand for efficient transportation solutions like hub motor-powered EVs.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to the growing adoption of electric vehicles and advancements in EV technology. The region's strong focus on sustainability and reducing carbon emissions is driving the demand for hub motors in electric vehicles. Additionally, government incentives and initiatives promoting the adoption of EVs further boost the market's growth. The increasing popularity of ride-sharing and micro-mobility services in North America also contributes to the rising demand for hub motor-powered vehicles.

Key players in the market

Some of the key players profiled in the Hub Motor Market include Bafang Electric Co., Ltd., Golden Motor Technology Co., Ltd., Bosch eBike Systems, Shimano Inc., Go SwissDrive AG, Yamaha Motor Co., Ltd., Aptiv PLC, TranzX, Tongsheng Motor Co., Ltd., Porsche Engineering Group GmbH, Sunstar Engineering Inc., Panasonic Corporation, Mahindra Electric Mobility Ltd., Inmotion Technologies, and Xiaodao E-Vehicle Co., Ltd.

Key Developments:

In January 2025, Panasonic has announced a series of new firmware updates for its full-frame mirrorless LUMIX S5II and S5IIX, as well as its Micro Four Thirds mirrorless GH7 and G9II cameras, aimed at improving the shooting experience and enhancing functionality.

In February 2023, Inmotion Technologies in Tyreso, southern Stockholm, is expanding with a production facility of 6,000 sqm, in order to meet the strong demand for the company's products. Inmotion develops and produces power electronic products for electrified commercial vehicles. The construction of the new facility will start in February 2022 and the inauguration is planned for mid-2023.

Motor Types Covered:

• Geared Hub Motors
• Gearless Hub Motors
• Other Motor Types

Power Outputs Covered:

• Below 1 kW
• 1-3 kW
• 3-5 kW
• Above 5 kW

Installation Types Covered:

• Front Hub
• Rear Hub
• Both Rear Hub Motor
• Both Front Hub Motor

Motor Designs Covered:

• Brushless Hub Motors (BLDC)
• Brushed Hub Motors

Applications Covered:

• Electric Scooters
• Electric Bicycles (E-Bikes)
• Electric Motorcycles
• Electric Cars
• Electric Buses and Trucks
• Robotics and Automation
• Other Applications

End Users Covered:

• Industrial
• Transportation
• Recreational
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hub Motor Market, By Motor Type

• 5.1 Introduction
• 5.2 Geared Hub Motors
• 5.3 Gearless Hub Motors
• 5.4 Other Motor Types

6 Global Hub Motor Market, By Power Output

• 6.1 Introduction
• 6.2 Below 1 kW
• 6.3 1-3 kW
• 6.4 3-5 kW
• 6.5 Above 5 kW

7 Global Hub Motor Market, By Installation Type

• 7.1 Introduction
• 7.2 Front Hub
• 7.3 Rear Hub
• 7.4 Both Rear Hub Motor
• 7.5 Both Front Hub Motor

8 Global Hub Motor Market, By Motor Design

• 8.1 Introduction
• 8.2 Brushless Hub Motors (BLDC)
• 8.3 Brushed Hub Motors

9 Global Hub Motor Market, By Application

• 9.1 Introduction
• 9.2 Electric Scooters
• 9.3 Electric Bicycles (E-Bikes)
• 9.4 Electric Motorcycles
• 9.5 Electric Cars
• 9.6 Electric Buses and Trucks
• 9.7 Robotics and Automation
• 9.8 Other Applications

10 Global Hub Motor Market, By End User

• 10.1 Introduction
• 10.2 Industrial
• 10.3 Transportation
• 10.4 Recreational
• 10.5 Other End Users

11 Global Hub Motor Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Bafang Electric Co., Ltd.
• 13.2 Golden Motor Technology Co., Ltd.
• 13.3 Bosch eBike Systems
• 13.4 Shimano Inc.
• 13.5 Go SwissDrive AG
• 13.6 Yamaha Motor Co., Ltd.
• 13.7 Aptiv PLC
• 13.8 TranzX
• 13.9 Tongsheng Motor Co., Ltd.
• 13.10 Porsche Engineering Group GmbH
• 13.11 Sunstar Engineering Inc.
• 13.12 Panasonic Corporation
• 13.13 Mahindra Electric Mobility Ltd.
• 13.14 Inmotion Technologies
• 13.15 Xiaodao E-Vehicle Co., Ltd.