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Electric Vehicle Hub Motor Market Size Driven by Rising EV Adoption, Expected to Reach US$ 52.6 Billion by 2035 - TMR Analysis
Electric Vehicle Hub Motor Market
The global electric vehicle (EV) hub motor industry was valued at US$ 14.6 Bn in 2024 and is projected to reach US$ 52.6 Bn by 2035, expanding at a robust CAGR of 12.1% from 2025 to 2035. Growth is being fueled by the rapid electrification of vehicles, demand for compact and high-efficiency drivetrain systems, and the global shift toward lightweight, energy-efficient, and maintenance-free electric propulsion technologies.
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Market Overview
An electric vehicle hub motor is an advanced propulsion system where the electric motor is integrated directly into the wheel hub, eliminating the need for conventional drivetrain components like axles and transmissions. This design improves energy efficiency, torque control, and regenerative braking capabilities, while also allowing more space for battery placement and vehicle interior design optimization.
The market is witnessing increased adoption across electric bikes, passenger cars, and commercial EVs, supported by favorable government policies and advancements in motor control electronics, materials, and cooling systems.
Market Description
Key Types of Hub Motors:
• Gearless Hub Motors
• Geared Hub Motors
Primary Applications:
• Electric Two-Wheelers (e-bikes, scooters)
• Electric Passenger Cars
• Electric Commercial Vehicles
• Electric Buses
Major Benefits of Hub Motors:
• Reduced mechanical losses and higher drivetrain efficiency
• Lightweight and compact vehicle architecture
• Easier vehicle assembly and maintenance
• Enhanced regenerative braking performance
• Better torque distribution and ride stability
Analysis of Key Manufacturers in the EV Hub Motor Market
Leading manufacturers are focusing on innovative motor designs, integration with advanced battery management systems (BMS), and the use of high-performance materials to boost torque, efficiency, and thermal stability.
Prominent Companies Operating in the Global EV Hub Motor Market:
• QS MOTOR GROUP LTD
• Robert Bosch GmbH
• NTN Corporation
• TDCM
• Elaphe LTD
• Kolektor
• Bafang Electric (Suzhou) Co., Ltd.
• GEM Motors d.o.o.
• Heinzmann GmbH & Co. KG
• Cutler MAC (Shanghai) Brushless Motor Co., Ltd
• HYUNDAI MOTOR GROUP
• YASA Limited
• TAJIMA MOTOR CORPORATION
• Suzhou Shengyi Motor Co., Ltd.
• Suzhou Tongsheng Electric Appliances Co., Ltd.
• Belrise Industries
These players are increasingly collaborating with automotive OEMs to co-develop next-generation in-wheel motor systems for both passenger and commercial EV applications.
Key Developments in the EV Hub Motor Market
• In May 2025, Belrise Industries Ltd. made its entry into the EV hub motor segment with a technology partnership with a prominent Chinese player. As part of this strategic expansion, the company is opening three new manufacturing facilities in India-two in Chennai to manufacture metal components and one in Pune for making hub motors and chargers. The Pune facility is likely to become operational in Q1 FY26.
• This move represents Belrise's foray into electromechanical systems from conventional mechanical parts, looking to raise its content per electric two-wheeler from 10-15% to 20-25%. The tie-up allows Belrise to localize and indigenize cutting-edge hub motor technologies appropriate to Indian conditions, in line with its larger strategy of enhancing OEM integration and expanding its EV portfolio.
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Key Player Strategies
⚙️ Integration with Smart Vehicle Systems
EV hub motors are increasingly linked with AI-based torque control and connected vehicle platforms for optimized performance.
🔋 Focus on Energy Efficiency
Manufacturers are enhancing motor power density and regenerative braking efficiency to extend EV driving ranges.
🌍 Lightweight Design & Sustainability
Use of advanced composite materials and recyclable metals to reduce carbon footprint and improve efficiency.
📈 Strategic OEM Collaborations
Partnerships between motor manufacturers and EV OEMs are accelerating product innovation and large-scale deployment.
🛰️ Digital Simulation & Predictive Maintenance
Integration of IoT and digital twin technologies for real-time diagnostics and performance optimization.
Challenges
• High manufacturing and integration costs of in-wheel systems
• Complex heat management due to limited wheel space
• Durability concerns under harsh road and weather conditions
• Limited standardization in control systems across vehicle types
Opportunities
🚗 Growing EV Adoption Worldwide
Increasing global EV sales and government incentives are directly boosting demand for efficient hub motor systems.
⚡ Urban Mobility and Micro-EVs
Rising popularity of electric scooters, e-bikes, and compact EVs presents vast opportunities for hub motor integration.
🌿 Sustainable and Lightweight Vehicle Design
Shift toward energy-efficient architectures supports broader acceptance of in-wheel propulsion systems.
🏭 Advancements in Motor Materials
Development of high-performance magnets and composite alloys is improving torque output and system reliability.
📦 Retrofitting and Aftermarket Potential
Growing market for hub motor retrofit kits in existing vehicles offers new business models for manufacturers.
Market Segmentations
➤ By Motor Type
• Gearless Hub Motors
• Geared Hub Motors
➤ By Vehicle Type
• Electric Two-Wheelers
• Passenger Cars
• Commercial Vehicles
• Buses
➤ By Power Output
• Below 1 kW
• 1-3 kW
• Above 3 kW
➤ By Propulsion Type
• Battery Electric Vehicles (BEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)
➤ By Region
• Asia Pacific - Leading market driven by China, Japan, and India
• Europe - Strong adoption due to green mobility initiatives
• North America - Rising investment in EV R&D and infrastructure
• Latin America & Middle East - Emerging opportunities in urban e-mobility
Why Invest in the EV Hub Motor Market Report?
✅ Long-term forecasts up to 2035 for data-driven strategic planning
✅ In-depth analysis of global manufacturers and emerging startups
✅ Insights on EV drivetrain innovation and smart mobility trends
✅ Technology roadmap on magnet design, control systems, and energy efficiency
✅ Regional demand mapping and opportunity benchmarking
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Conclusion
The global electric vehicle hub motor market is set to witness remarkable expansion as automakers embrace compact, efficient, and intelligent propulsion systems to meet the evolving demands of modern mobility. By 2035, hub motors are expected to redefine EV design and performance, supporting a new era of lightweight, sustainable, and digitally connected electric vehicles that will power the next generation of transportation innovation.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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