Detailed Hub Motor Market Predictions-2026 | QS MOTOR, Schaeffler AG, MICHELIN, JIASHAN NEOPOWER INTERNATIONAL TRADE CO.LTD., Robert Bosch, Specialized Bicycle Components, Trek Bicycle Corporation, Zero Motorcycles Inc

Hub motors are motor power generators that are installed on the wheels of the vehicles that are utilized for the improvement in efficiency and performance of the vehicles. They are installed on the wheels of the electric vehicles so that the load on the engine is reduced and the performance of the vehicle is improved.
Global hub motor market is expected to rise from its initial estimated value of USD 7.75 billion in 2018 to an estimated value of USD 11.58 billion by 2026, registering a CAGR of 5.15% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased demand of electric vehicles and two-wheelers.

This Report is Segmented into:

• By Vehicle Type
o E-Bikes
o E-Scooters/Mopeds
o E-Motorcycles

• By Installation Type
o Front Hub Motor
o Rear Hub Motor

• By Motor Type
o Gearless Hub Motor
o Geared Hub Motor

• By Output Type
o Below 1000W
o 1000-3000W
o Above 3000W

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Key Market Competitors: Global Hub Motor Market
• QS MOTOR
• Schaeffler AG
• MICHELIN
• JIASHAN NEOPOWER INTERNATIONAL TRADE CO.LTD.
• Elaphe Ltd.
• NTN Corporation
• TAJIMA EV
• TDCM
• GO SwissDrive
• MAC SHANGHAI ELECTRIC MOTOR COMPANY LTD.
• Leaf Motor
• Robert Bosch
• Specialized Bicycle Components
• Trek Bicycle Corporation
• Zero Motorcycles Inc.
• LUNA CYCLE
• Heinzmann & Co. KG
• Accell Group
• Fuji-ta Bicycle Co.Ltd.
• MERIDA BIKES
• UU Motor Technology Co. Limited.

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Competitive Analysis: Global Hub Motor Market
Global hub motor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hub motor market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers:
Increased performance efficiency and capabilities of vehicles due to its usage is expected to drive the market growth
Increasing global sales and demand of electric two-wheelers and vehicles is also expected to drive the market growth

Market Restraints:
High cost of these motors is expected to restrain the market growth
Availability of substitutes in the market is also expected to act as a restraint to the market growth

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