The two wheeler hub motor market size is expected to see rapid growth in the next few years. It will grow to $21.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to electrification initiatives, cost reduction efforts, charging infrastructure development, urban mobility solutions, consumer awareness and preference. Major trends in the forecast period include battery technology improvements, integrated smart features, lightweight and compact designs, swappable batteries, performance-oriented hub motors, customization options.
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Scope Of Two Wheeler Hub Motor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Two Wheeler Hub Motor Market Overview
Market Drivers –
The rise in demand for electric vehicles is significantly contributing to the growth of the two wheeler hub motor market going forward. Electric vehicles refer to vehicles that work on electricity that is stored in batteries. Hub motors help electric two-wheelers achieve better drivability and efficiency and improve electric vehicle performance. For instance, according to a report by the Society of Manufacturers of Electric Vehicles (SMEV), an India-based electric vehicle association, in 2021, the sales of electric two-wheelers increased by 132% in India. In addition, unit sales of two-wheelers reached 100,736 units in 2020, which had increased to 233,971 units in 2021. Therefore, the rise in demand for electric vehicles is driving the growth of the two wheeler hub motor market.
The two wheeler hub motor market covered in this report is segmented –
1) By Vehicle Type: Electric Bike, Electric Scooter, Electric Motorcycle
2) By Motor: Gearless, Geared
3) By Installation: Front, Rear
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
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Regional Insights –
Asia-Pacific was the largest region in the two wheeler hub motor market in 2023. The regions covered in the two wheeler hub motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the two wheeler hub motor market report are Robert Bosch GmbH, Electric Bike Ltd., Evans Electric Limited, Gogoa1 Motors Pvt. Ltd., Heinzmann GmbH & Co. KG, Ziehl-Abegg SE, Elaphe Propulsion Technologies Ltd., Siemens AG, Schaeffler Technologies AG & Co. KG, Saietta Europe BV, Hyundai Mobis Co. Ltd., Dana TM4 Inc., Kolektor D. D., Printed Motor Works Limited, Kelly Controls LLc, YASA Limited, TVS Motor Company, Mahindra Electric Mobility Ltd., Bafang Electric (Suzhou) Co. Ltd., Continental AG, Hero Electric Vehicles Private Limited, QS Motor Co. Ltd., Golden Motor Technology Co. Ltd., Regal Raptor Motorcycles, Zhejiang Luyuan Electric Vehicle Co. Ltd., RATO Group Co. Ltd., Suzhou Xiongda Motor Co. Ltd., TDCM Corporation, BionX International Corporation, Ashima Limited
Table of Contents
1. Executive Summary
2. Two Wheeler Hub Motor Market Report Structure
3. Two Wheeler Hub Motor Market Trends And Strategies
4. Two Wheeler Hub Motor Market – Macro Economic Scenario
5. Two Wheeler Hub Motor Market Size And Growth
…..
27. Two Wheeler Hub Motor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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