Brushless Hub Motors Market Scope
Brushless hub motors is an electric vehicle that is integrated into the hub of the wheels and drives it steadily. It boosts the motor efficiency by reducing the distance of transmission and provides an effortless riding experience. Increasing government regulations to control Co2 emission drive the sales of electric vehicles supplementing the Brushless hub motors market. Further increasing investment by market leaders to make more efficient hub motors expected to drive the market. According to AMA, the Global Brushless Hub Motors market is expected to see growth rate of 4.96%
Brushless Hub Motor manufacturers are focusing on the production of more efficient motors to enhance the performance of the vehicle. Emerging E-vehicle market and increasing sales of two-wheeler expected to drive the brushless hub motor market in the long-standing. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Brushless Hub Motors market throughout the predicted period.
QS Motor (China), Schaeffler Technologies (Germany), Michelin Group (France), Jiashan Neopower International Trade (China), Elaphe (Slovenia), NTN USA Corporation (United States), Go Swiss Drive (Switzerland), MAC Motor Inc. (United States), Leaf Motor (Canada), Protean Electric Ltd. (United Kingdom), Robert Bosch GmbH (Germany) and Magnetic Systems Technology Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Mitsubishi Motors (United Kingdom) and SIM-Drive Corporation (Japan).
The study have segmented the market of Global Brushless Hub Motors market by Type (Geared Hub Motor, Gearless Hub Motor and Others) and Region with country level break-up.
On the basis of geography, the market of Brushless Hub Motors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Increasing Usage of Hub Motor in Electric Vehicle As It Delivers More Power
Market Growth Drivers:
Hub Motor Provide Equal Weight Distribution, High Traction, and Powerful Acceleration and High Torque and Increased Power Increases Vehicle Performance
Reduce the Unsprung Mass of the Wheel and Availability Of Mid-Drive Motors For Electric Vehicles
Well Established Transmission System Market for Light Commercial Vehicles and Electric Vehicle and Lack of Skilled Workforce in Aftermarket
Increasing Sales of Electric Vehicles Especially Two-Wheeler
Market Leaders and their Expansionary Development Strategies
May 2018, At Electric and Hybrid Vehicle Technology Expo 2018 in Germany Elaphe Launched the Second Generation Elaphe L1500 In-Wheel Motor and July 2018, QS Motor Introduces A Liquid Assembly Design For The 14KW Hub Motor With The Heat Sink, Which Increases The Efficiency Of The Motor By Reducing Overheating Of The Motor At High Load.
Key Target Audience1.19 Key Target Audience, Brushless Hub Motor Manufacturers, Design, Testing, Maintenance and Simulation Service Providers, Raw Material Suppliers for Brushless Hub Motor Manufacturers, Automotive Component Manufacturers, Distributors and Suppliers of Automotive Components/Parts, Research Organizations and Technology Investors, Governments, Financial Institutions, and Investment Communities and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.