Global Brushless Hub Motors Market Overview:
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. Some of the players profiled in the study are 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). According to Market Analyst at AMA, the Global Brushless Hub Motors market may see a growth rate of 4.96%
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). If we see Market by Installation , the sub-segment i.e. Installation Type will boost the Brushless Hub Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Aftermarket will boost the Brushless Hub Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle , the sub-segment i.e. Standard will boost the Brushless Hub Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Output, the sub-segment i.e. Below 1000 W will boost the Brushless Hub Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Hub Motor Provide Equal Weight Distribution, High Traction, and Powerful Acceleration
- High Torque and Increased Power Increases Vehicle Performance
- Increasing Usage of Hub Motor in Electric Vehicle As It Delivers More Power
- Well Established Transmission System Market for Light Commercial Vehicles and Electric Vehicle
- Lack of Skilled Workforce in Aftermarket
- Increasing Sales of Electric Vehicles Especially Two-Wheeler
- Reduce the Unsprung Mass of the Wheel
- Availability Of Mid-Drive Motors For Electric Vehicles
Key Market Developments:
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.
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.
1.19 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
Major Objectives Focused through this Study
To define, describe, and forecast the Global Brushless Hub Motors market on the basis of product [Geared Hub Motor, Gearless Hub Motor and Others] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Brushless Hub Motors market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Brushless Hub Motors industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Mitsubishi Motors (United Kingdom) and SIM-Drive Corporation (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Brushless Hub Motors market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.