Hub Motor Market by Product (Pedelecs, Throttle on Demand, and Scooter or Motorcycle) Forecast, 2019–2026

The global hub motor market size was valued at $12.25 billion in 2018 and is projected to reach $17.45 billion by 2026, registering a CAGR of 4.4% from 2019 to 2026. Asia-Pacific accounted for the highest share in 2018 and is expected to be the highest contributor to the global hub motor market, in terms of revenue, during the forecast period. 

Hub motor is also known as wheel hub motor, wheel motor, wheel hub drive, and also in-wheel motor. It is an electric motor that is installed in the wheels that drives the wheels directly. The technology used in this system is brushless DC technology, which is a next-generation of DC motor technology in which the mechanical commutation is replaced with the electronic commutation. This eliminates all the contacts between stator and rotor and gives a longer life for the motor. Hub motor offers advantages such as they are easy to install, does not need differential, and are free from any kind of gears and transmission, which in turn increase the operating efficiency of the vehicle as compared to its counterparts.

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Major Market Players:

  • Schaeffler technologies AG & CO. KG
  • Robert Bosch GmbH
  • Siemens AG
  • QS Motor
  • Elaphe Propulsion Technologies Ltd.
  • NTN Corporation
  • TDCM
  • MAC Shanghai Electric Motor Company Ltd.
  • Accell Group

The factor such as rise in production of vehicles with in-wheel electric motors drives the growth of the hub motor market. In addition, enhanced performance of electric vehicle due to hub motor systems fuels the growth of market. However, less operating speed and complex structure of hub motors restrain the growth of the market. Furthermore, increase in penetration of electric vehicle globally is expected to offer remarkable growth opportunity for the player operating in the hub motor market.

The global hub motor market is segmented on the basis of product, sales channel, position, and region. Depending on product, the market is divided into Pedelecs, throttle on demand, and scooter or motorcycle. On the basis of sales channel, it is categorized into OEM and aftermarket. By position, it is bifurcated into hub motor and rear hub motor. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Market Segments

  • By Product Type
    • Pedelecs
    • Throttle on Demand
    • Scooter or Motorcycle
  • By Sales Channel
    • Original equipment manufacturer (OEM)
    • Aftermarket
  • By Position
    • Front Hub Motor
    • Rear Hub Motor
  • By Region
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • U.K
      • Netherlands
      • Germany
      • France
      • Italy
      • Rest of Europe

Electric vehicles are driven by in-wheel electric motors that delivers torque independently and directly to the wheels without any differential. In addition, GEM Motors, one of the producers of electric mobility is focusing on development of GEM in-wheel electric motor market for potential customers in Switzerland, Italy, Sweden, Germany, and Italy. In recent years, demand and production of electric vehicles has increased significantly as electric vehicles have several advantages over fuel-powered automobiles. Components such as fan belts, oil, air filters, head caskets, timing belts, cylinder heads, and spark plugs do not require replacement, which in turn makes it cheaper and efficient for fuel-powered automobiles. This makes electric vehicle a preferred choice; thereby, restraining the growth of the fuel-powered automobile market. Thus, growth in production of electric vehicles with in-wheel motors is anticipated to propel the growth of the hub motor market.

High number of magnets are used in the hub motor, which means that the operating speed is less that is around 300 to 500 rpm depending on the application and wheel size. Low operating speed results in the risk of motor cogging torque. Coggin torque is a result of interaction between the permanent magnets of the rotor and the stator slots of permanent magnet machine, which is prominent at lower speed with a symptom of jerkiness. Cogging torque is an undesirable component in the operation of such motor. This cogging torque results in speed ripple and at high speed the moment of inertia of motor filters out the effect of cogging torque. In addition, as the motors are present in the wheel, the electrical connection must be between body and wheel making the harness connection more complex and stressed, and increases the risk of fire hazard. Thus, less operating speed and complex structure of hub motors are expected to hinder the growth of the hub motor market.

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