The automotive hub motor (also called wheel hub motor or hub motor) is an electric motor that is incorporated into a wheel and drives it directly without the need for a transmission or any other power-transferring components.
Automobile wheel hub motor mainly apply to new energy vehicles. Currently the world's major car companies are actively developing and marketing electric vehicles. If some companies are able to develop a mature product the market demand will be very great.
Industry policy for the development of automobile wheel hub motor is very supportive. Major manufacturers and car manufacturers are also actively cooperate to promote the developing of automobile wheel hub motor.
We tend to believe this industry is very promising and the consumption will greatly increase if there is a breakthrough in technology on product prices, with the demand increase greatly, the price of single product will reduce and the cost also will greatly reduce. Currently the market still have huge development space, there is a great chance for new entrants.
The Automotive Hub Motor market was valued at 9 Million US$ in 2018 and is projected to reach 15 Million US$ by 2025, at a CAGR of 7.6% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Hub Motor.
This report presents the worldwide Automotive Hub Motor market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Automotive Hub Motor Breakdown Data by Type
Automotive Hub Motor Breakdown Data by Application
Pure Electric Vehicles
Fuel Cell Vehicles
Hybrid Electric Vehicles
Automotive Hub Motor Production by Region
Automotive Hub Motor Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Automotive Hub Motor status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Hub Motor manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automotive Hub Motor :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Unit). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Hub Motor market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.