Press release
Automotive Hub Motor Market Size, Share, Development by 2024
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https://www.globalinforesearch.com/global-automotive-hub-motor-market_p135196.html
The automotive hub motor (also called wheel hub motor or hub motor) is an electric motor that is incorporated into a wheel and drives it directly without the need for a transmission or any other power-transferring components.
Scope of the Report:
Automobile wheel hub motor mainly apply to new energy vehicles. Currently the world's major car companies are actively developing and marketing electric vehicles. If some companies are able to develop a mature product the market demand will be very great.
Industry policy for the development of automobile wheel hub motor is very supportive. Major manufacturers and car manufacturers are also actively cooperate to promote the developing of automobile wheel hub motor.
We tend to believe this industry is very promising and the consumption will greatly increase if there is a breakthrough in technology on product prices, with the demand increase greatly, the price of single product will reduce and the cost also will greatly reduce. Currently the market still have huge development space, there is a great chance for new entrants.
The worldwide market for Automotive Hub Motor is expected to grow at a CAGR of roughly 7.3% over the next five years, will reach 13 million US$ in 2024, from 9 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Automotive Hub Motor in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Protean Electric
ELAPHE
SIM-Drive
Toyota
TM4
Micro-Motor AG
Schaeffler
PMW
MICHELIN
Evans Electric
TECO
AMK
ShanghaiEdrive
XEMC LIGHT
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Inner-rotor Motor
External-rotor Motor
Market Segment by Applications, can be divided into
Pure Electric Vehicles
Fuel Cell Vehicles
Hybrid Electric Vehicles
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-automotive-hub-motor-market_p135196.html
Related Information:
North America Automotive Hub Motor Market Growth 2019-2024
United States Automotive Hub Motor Market Growth 2019-2024
Asia-Pacific Automotive Hub Motor Market Growth 2019-2024
Europe Automotive Hub Motor Market Growth 2019-2024
EMEA Automotive Hub Motor Market Growth 2019-2024
Global Automotive Hub Motor Market Growth 2019-2024
China Automotive Hub Motor Market Growth 2019-2024
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