Press release
Automotive Hub Motor Market Size Analysis, Business Scope, Drivers and Growth Opportunities by 2027|Mitsubishi Motors Corporation, Schaeffler Technologies AG & Co. KG
The global Automotive Hub Motor market was valued at 10.63 Million USD in 2020 and will grow with a CAGR of 7.39% from 2021 to 2027. Due to forthcoming legislation for active and passive safety systems, which mandate the installation of safety systems in passenger automobiles, automotive safety norms are evolving in emerging countries. This raises the need for electric motors by significantly increasing the installation of safety systems such as ABS and ESC per vehicle.Due to rising demand for passenger cars and fuel-efficient vehicles, Asia Pacific is expected to be the largest market. Engine technology is advancing at a rapid pace, and emission standards are becoming more stringent around the world. These factors have a substantial impact on the global automotive motors market's incremental growth.
Top Key Players Included in Automotive Hub Motor Market Report: Mitsubishi Motors Corporation, Schaeffler Technologies AG & Co. KG, Taizhou Quanshun Electric Drive Technology Co., Ltd. (QS Motor), Heinzmann GmbH & Co. KG, Michelin
The COVID-19 pandemic has spread around the world, having a devastating impact on the Automotive Hub Motor industry. COVID-19's global expansion has had an influence on a variety of sectors. When COVID-19 was designated a pandemic, the majority of countries implemented lockdowns making the world economy suffer from the lockdown. The COVID-19 pandemic has now had a significant impact on the Automotive Hub Motor industry. Many nations have witnessed production halts, resulting in the closure of small businesses, which has had a significant impact on the Automotive Hub Motor sector.
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Automotive Hub Motor Market segment by Type:
Inner-rotor Motor
External-rotor Motor
Automotive Hub Motor Market segment by Application:
Pure Electric Vehicles
Fuel Cell Vehicles
Hybrid Electric Vehicles
The primary goal of the Automotive Hub Motor report is to provide information on the post-COVID-19 impact, which will assist market participants in evaluating their business strategies. This research also covers market segmentation based on major market players, types, end-users, and geographies. The different regions are North America, Europe, APAC, MEA, and South America.
FAQs:
1. Which segment of the Automotive Hub Motor market are profiled based on the application?
2. By product, what are the segments of the Automotive Hub Motor market?
3. Which notable companies in the global market have been listed in the report of the Automotive Hub Motor market?
4. Which end-user is anticipated to take the lead in the market?
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