Press release
Two-wheeler Hub Motors Market is Estimated to Reach USD 14.46 billion by 2030: Cognitive Market Research
Two-wheeler Hub Motors Market is Estimated to Reach USD 14.46 billion by 2030: Cognitive Market Research
- A two-wheeler hub motor is an electric motor that is built into the hub of a wheel and directly drives it. It is typically mounted on the back wheel of electric bikes. A gear reduction system connects the hub motor and the stator. Motors prefer to turn at high speeds, much faster than your bike wheels, hence gearing is essential.
Summary:
- Global Two-wheeler Hub Motors market is expected to grow from USD 10.03 billion in 2022 to USD 14.46 billion by 2030, at a CAGR of 9.33 %. The demand for two-wheeler hub motors is rising due to the increasing popularity of the electric bikes, government support, rising disposable income, and many others.
To know more The Two-wheeler Hub Motor Market statistics click here: https://www.cognitivemarketresearch.com/two-wheeler-hub-motors-market-report
Market Dynamics:
- When e-bikes initially gained popularity, the electric bicycle market has never stopped increasing. Now, those figures are significantly greater all around the world. It is anticipated that over 130 million electric bicycles (using all battery technologies) would be sold globally between 2020 and 2023. E-bike sales are expected to exceed 40 million units globally by 2023, earning over $20 billion in revenue. The need for two-wheeler hub motors rises as a result.
Yet, the expensive cost of the two-wheeler hub motor may stifle market expansion. But still, with increased government measures to minimize pollution, the demand for two-wheeler hub motors is likely to rise throughout the forecasted period.
Market Segmentation:
- Type:
• Geared
• Gearless
- Vehicle Type:
• Electric Scooter/Moped
• Electric Bike
• Electric Motorcycle
• Others
- Installation:
• Front Hub Motor
• Rear Hub Motor
- Application:
• OEMs
• Aftermarket
- Competitive Analysis for Two-wheeler Hub Motor Market: Qs Motor, Schaeffler Technologies AG & Co. KG, Michelin group, Protean Electric, TDCM Corporation Ltd, GO SwissDrive AG
Get free sample pages of latest published Two-wheeler Hub Motor Market Report: https://www.cognitivemarketresearch.com/two-wheeler-hub-motors-market-report
Regional Analysis:
- Geographically, the global two-wheeler hub motors market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the two-wheeler hub motors market owing to the increasing demand for E-cycles in the region. In China, the demand for electric two-wheeled vehicles is significant. According to Hellobike data, almost 300 million rides on analog bikes are conducted in China every day. The market expansion for two-wheeler hub motors has also benefited from government support.
News:
- In February 2023, FLASH strengthened its electric vehicle [EV] competencies and portfolio with a new technological collaboration with GEM motors. Under this new partnership, both brands will manufacture hub motors for various EV segments, in the range of 1 kW to 15 kW. With the flexible and modular motor design, FLASH can provide motors with customization, in a faster turnaround time, which is best suited for customers' requirements and pressing project deadlines.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Two Wheeler Hub Motors Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Two Wheeler Hub Motors Market Segmentation
1.5.1 Two Wheeler Hub Motors Market Regional Fragmentation
1.5.1 Two Wheeler Hub Motors Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Two Wheeler Hub Motors Market
• 3.1 Global Two Wheeler Hub Motors Market Size 2018 - 2030, (USD Million)
• 3.2 Global Two Wheeler Hub Motors Market Statistics 2022: Snapshot
Chapter 4 Global Two Wheeler Hub Motors Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Two Wheeler Hub Motors Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Two Wheeler Hub Motors Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Two Wheeler Hub Motors Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 11 Global Two Wheeler Hub Motors Market by Installation Segmentation Analysis (2018-2030)
Chapter 12 Global Two Wheeler Hub Motors Market Regional Analysis
Chapter 13 North America Two Wheeler Hub Motors Market Outlook (2018 - 2030)
Chapter 14 Europe Two Wheeler Hub Motors Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Two Wheeler Hub Motors Market Outlook (2018 - 2030)
Chapter 16 Latin America Two Wheeler Hub Motors Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Two Wheeler Hub Motors Market Outlook (2018 - 2030)
Chapter 18 Research Findings
To know more Two-wheeler Hub Motor Market TOC click here: https://www.cognitivemarketresearch.com/two-wheeler-hub-motors-market-report#table_of_contents
Related Reports:
• Electric Bike Market- https://www.cognitivemarketresearch.com/electric-bike-market-report
• Bicycle Market- https://www.cognitivemarketresearch.com/bicycle-market-report
• Machine Condition Monitoring Market- https://www.cognitivemarketresearch.com/machine-condition-monitoring-market-report
• Electric Vehicle Charger Market- https://www.cognitivemarketresearch.com/electric-vehicle-charger-market-report
• Electric Vehicle Supply Equipment Market- https://www.cognitivemarketresearch.com/electric-vehicle-supply-equipment-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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