Hub-Motor (In-Wheel) Market Business Opportunities, Current Trends, Challenges and Market Analysis 2025

The upcoming report by Fairfield Market Research, titled “Hub-Motor (In-Wheel) Market – Global Industry Analysis (2019 – 2020) – Growth Trends and Market Forecast (2021–2030)”, investigates the market dynamics of the market such as the rise of electric vehicles (EVs). The demand for hub motors is projected to see an upward trend in the coming five years as sales of EVs will increase by 13-15%. Hub motors are expected to gain momentum as the electrification of automobiles gears up to tackle climate change. Analysts anticipate that introduction and the wider availability of varied electric vehicles in several markets of the world is likely to boost the global market for hub motors (in-wheel).

For More Insights into the Market, Get Sample Copy of this Report:

Exceptional Qualities of Hub Motors to Improve Sales

The demand for hub motors (in-wheel) has picked up pace in recent years as they enable a single source of power for each wheel, thereby eliminating any differentials for vehicle manoeuvring. This makes the vehicle lightweight, which has been the need of the hour for the automotive industry. A vehicle that weightless is more fuel-efficient, a feature that each automaker is trying to achieve with every product. Hub motors are allowing automakers to design crash-resilient vehicles with correct weight distribution. Furthermore, hub motors (in-wheel) remove stator and rotor contact, which improves the motor life. All of these factors are expected to augment the growth of the global hub motor (in-wheel) market.

Green Initiatives Push for Higher Uptake of Hub Motors

The U.S., the EU, and countries in Asia Pacific are turning to strict sustainability norms to protect the environment from vehicular pollution. For instance, the EPA offers a zero-tailpipe emissions score with additional credits to plug-in EVs as a part of emission regulation. On the other hand, China has given EVs a zero fuel consumption value along with imposing fines on vehicles with lower fuel economy. Such initiatives have stoked the demand for hub motors as it makes a huge leap towards enabling the smoother functioning of EVs.

The demand for hub motors (in-wheel) will be intensely felt across electric bikes as their sales receive momentum. Growing use of electric bikes for personal and commercial purposes is expected to create a direct positive impact on the hub motors (in wheel) market. Furthermore, the use of electric bikes for last-mile delivery solutions amidst the rise of the e-commerce industry is also expected to make a contribution to the market.

In Order to place the Purchase Query Click Here:

Europe and Asia Pacific Stand Out in Global Hub Motors (in-wheel) Market for Different Reasons

The Europe hub motors (in-wheel) market has been proliferating at a steady pace due to the higher adoption of vehicle electrification in the region. Stringent regulatory frameworks and steady transition towards electric vehicles have contributed to the region’s lead. Commercial vehicles are expected to see higher adoption as the EU promises to cut back on carbon emissions. According to analysts, the growth of EV market in Europe was up 40% despite COVID-19.

On the other hand, Asia Pacific hub motors (in-wheel) market is slated to see a spike as the region remains an integral automotive manufacturing hub. Countries such as Japan, China, and India are expected to give this market an incredible impetus during the forecast period.

Browse Our Latest Reports:

Global Hub Motors (in-wheel) Market: Key Players

Some of the key players studied in the research report about the global hub motor (in wheel) market are IEHL- ABEGG, Protean electric, Schaeffler AG, HEINZMANN GmbH & Co. KG, BonfiglioliRiduttoriS.p.A., ZF Friedrichshafen AG. NSK Limited, Hyundai Mobis Co. Ltd., Evans Electric, TM4 Inc., e-traction B.V., Kolektor, NTN Corporation., Elaphe Ltd., GEM Motors d.o.o, Magnetic Systems Technologies, Siemens AG, YASA Limited, and Printed Motor Works.

Über Fairfield Market Research

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Firmenkontakt und Herausgeber der Meldung:

Fairfield Market Research

GBE14 9SZ London
Telefon: +44 (20) 30025888

Fairfield Market Research
Business Development
Telefon: 03300948728
Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.