Global Hub Drive Motor Market Research Report 2022

The hub drive motor adopts a distributed drive, integrating the drive, transmission and braking devices into the hub, omitting transmission components such as clutches, transmissions, rotating shafts, differentials and transfer cases, which can greatly improve transmission efficiency. In the application of new energy vehicles, the in-wheel drive motor can act as a supplementary power for starting and rapid acceleration, effectively reducing fuel consumption by 30%. At the same time, it can achieve 80% braking energy recovery and improve the vehicle's cruising range. However, due to In-wheel motors add unsprung mass, which affects vehicle handling. In addition, there are many challenges to be overcome in terms of water, dust, shock, and heat dissipation.
Market Analysis and Insights: Global Hub Drive Motor Market
Due to the COVID-19 pandemic, the global Hub Drive Motor market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Below 30 KW accounting for % of the Hub Drive Motor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial Car segment is altered to an % CAGR throughout this forecast period.
North America Hub Drive Motor market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Hub Drive Motor include Elaphe, Schaeffler, TM4, Michelin, Bridgestone Corporation, NTN, Zhejiang Asia-pacific Mechanical & Electronic, Zhejiang Vie Science & Technology and TeT Drive Technology, etc. In terms of revenue, the global 3 largest players have a % market share of Hub Drive Motor in 2021.
Global Hub Drive Motor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Hub Drive Motor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Below 30 KW
30 KW-60 KW
Above 60 KW
Segment by Application
Commercial Car
Passenger Car
By Company
Elaphe
Schaeffler
TM4
Michelin
Bridgestone Corporation
NTN
Zhejiang Asia-pacific Mechanical & Electronic
Zhejiang Vie Science & Technology
TeT Drive Technology
THB Group
APG
Evergrande Ruibo Power Technology (Shenzhen)
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia