Hub Motor for Electric Vehicles Market

Hub motor for electric vehicle, also referred to as in-wheel hub motor, or electric hub, or wheel hub motor, is an electrical motor attached to the wheels of an automobile, designed typically to drive the wheel directly with higher efficiency. Hub motor for electric vehicles (EVs), which are integrated with wheel bearing and hub is a low-cost solution that offers flexibility, as it can power both rear and front-wheel drive vehicles, as well as all-wheel-drive versions. The hub motor for EVs delivers maximum torque at low rpm, letting the vehicle start. This makes the hub motor ideal for an electric vehicle, as it requires maximum torque at startup.

Hub Motor for Electric Vehicles Market contains market size and forecasts of Hub Motor for Electric Vehicles (EVs) in global, including the following market information:

Global Hub Motor for Electric Vehicles (EVs) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Hub Motor for Electric Vehicles (EVs) Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Hub Motor for Electric Vehicles (EVs) companies in 2021 (%)

The global Hub Motor for Electric Vehicles (EVs) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Water Cooled Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Hub Motor for Electric Vehicles (EVs) include Protean Electric, Ziehl-Abegg, Schaeffler Technologies, ZF Friedrichshafen, Elaphe, Heinzmann GmbH, TM4, Evans Electric and Siemens, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Hub Motor for Electric Vehicles (EVs) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Hub Motor for Electric Vehicles (EVs) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, by Type, 2021 (%)

Water Cooled

Air Cooled

Global Hub Motor for Electric Vehicles (EVs) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, by Application, 2021 (%)

Passenger Vehicles

Commercial Vehicles

Global Hub Motor for Electric Vehicles (EVs) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Hub Motor for Electric Vehicles (EVs) Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Hub Motor for Electric Vehicles (EVs) revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Hub Motor for Electric Vehicles (EVs) revenues share in global market, 2021 (%)

Key companies Hub Motor for Electric Vehicles (EVs) sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Hub Motor for Electric Vehicles (EVs) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Protean Electric

Ziehl-Abegg

Schaeffler Technologies

ZF Friedrichshafen

Elaphe

Heinzmann GmbH

TM4

Evans Electric

Siemens

Kolektor

Printed Motor Works

NSK

NTN Corporation

GEM Motors

e-Traction

Hyundai Mobis

YASA Limited