Global Hub Motor Market: Emerging Trends, Major Key Players QS Motor and Elaphe Propulsion Technologies Ltd.

According to the report, the global Hub Motor market size is expected to grow at a CAGR of more than 9% from 2021 to 2028. The development of electric vehicle technology has become a major driver for the growth of the hub motor market. Improvements in battery technology have greatly reduced the charging time as compared to earlier electric vehicles. Electric vehicle hubs have high torque and generate high peak power and also provide a direct drive from the motor to the axle without requiring a gearbox. Because of their high efficiency, electric vehicle hubs are more preferred for vehicles with high power requirements such as trucks and buses

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global HUB MOTOR industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Hub Motor market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Hub Motor players holding highest market share include QS Motor, Elaphe Propulsion Technologies Ltd., NTN Corporation and TDCM. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• QS Motor
• Elaphe Propulsion Technologies Ltd.
• NTN Corporation
• TDCM
• MAC Shanghai Electric Motor Company Ltd.
• Accell Group
• Schaeffler Technologies AG & CO. KG
• Robert Bosch GmbH
• Hyundai Mobis
• Siemens AG

Segmental Analysis

Market Segment By Installation with focus on market share, consumption trend, and growth rate of HUB MOTOR Market:
• Front
• Rear

Market Segment By Vehicle with focus on market share, consumption trend, and growth rate of HUB MOTOR Market:
• E-Bikes
• E-Scooters/Mopeds
• E-Motorcycles

Market Segment By Motor with a focus on market share, consumption trend, and growth rate of HUB MOTOR Market:
• Geared
• Gearless

Market Segment By Sales Channel with a focus on market share, consumption trend, and growth rate of HUB MOTOR Market:
• OE
• Aftermarket

Market Segment By Power Output with a focus on market share, consumption trend, and growth rate of HUB MOTOR Market:
• Below 1000 W
• 1000–3000 W
• Above 3000 W

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Global Hub Motor Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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