Press release
Two Wheeler Hub Motor Global Market By Vehicle Type, By Installation, By Motor, By Sales Channel, By Power Output, By Region And Segment Forecasts, 2023-2032 | Robert Bosch GmbH, Electric Bike Ltd., Evans Electric, GoGoA1, Ziehl-Abegg SE
Two Wheeler Hub Motor Market
Two Wheeler Hub Motor Market Size, Growth Rate, And Forecast
The global two wheeler hub motor market size grew from $10.98 billion in 2022 to $12.41 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The two wheeler hub motor market size is expected to grow to $19.97 billion in 2027 at a CAGR of 12.6%.
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Two Wheeler Hub Motor Market Drivers
The rise in demand for electric vehicles is significantly contributing to the growth of the two-wheeler hub motor market going forward. Electric vehicles refer to vehicles that work on electricity that is stored in batteries.
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Two Wheeler Hub Motor Market Segments
• By Vehicle Type: Electric Bike, Electric Scooter, Electric Motorcycle
• By Motor: Gearless, Geared
• By Installation: Front, Rear
• By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Two Wheeler Hub Motor market.
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Two Wheeler Hub Motor Market Key Players
Major competitors in the Two Wheeler Hub Motor market include Robert Bosch GmbH, Electric Bike Ltd., Evans Electric, GoGoA1, Heinzmann GmbH & Co. KG, Ziehl-Abegg SE, Elaphe Propulsion Technologies Ltd., Siemens AG, Schaeffler Technologies AG & Co. KG, Saietta Europe B.V., Hyundai Mobis, Dana TM4, Kolektor, Printed Motor Works Limited, Kelly Controls, and YASA Limited.
The Business Research Company's "Global Two Wheeler Hub Motor Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Two Wheeler Hub Motor Market Include:
1. Executive Summary
2. Two Wheeler Hub Motor Market Characteristics
3. Two Wheeler Hub Motor Market Trends And Strategies
4. Two Wheeler Hub Motor Market - Macro Economic Scenario
5. Two Wheeler Hub Motor Market Size And Growth
.....
26. Africa Two Wheeler Hub Motor Market
27. Two Wheeler Hub Motor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Two Wheeler Hub Motor Market
29. Two Wheeler Hub Motor Market Future Outlook and Potential Analysis
30. Appendix
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