Automotive Motorcycle Hub Motor Market Demand Analysis

Motorcycle Hub Motor Market Anticipated to Boost Growth by E-Bikes
Segment in Upcoming Years with a Significant CAGR
The global motorcycle hub motor market is segmented by vehicle type, installation
type, motor type, sales channel and output type. On the basis of vehicle type, it is
sub-segmented into E-bikes, E-scooters/mopeds and E-motorcycles, out of which,
e-bikes segment is anticipated to have largest market share on the back of high
torque, better vehicle handling and increased power in both existing and new
vehicles. Based on installation type, it is sub-segmented into front hub motor and
rear hub motor, out of which, the rear hub motor segment is expected to dominate
the market on the back of its powerful acceleration, high power handling, better
traction and high flexibility. The market is further segmented by motor type into
gearless hub motor and geared hub motor; by output type into below 1000W,
1000-3000W and above 3000W; by sales channel into aftermarket and original
equipment manufacturer (OEM).
The global Motorcycle Hub Motor Market is anticipated to expand at a CAGR of
around 5.3% during the forecast period i.e. 2019-2027. Increasing sales of electric
two wheelers on the back of growing ecological concerns are expected to boost the
growth of the market. Further, the significant features of hub motors such as
enhancement in vehicle performance efficiency, traction control, better vehicle
handling and increased power level are expected to affect the market of hub motors
positively over the forecast period.
Geographically, the global motorcycle hub motor market is segmented into five
major regions including North America, Europe, Asia Pacific, Latin America and
Middle East & Africa region. Among these regions, Asia-Pacific is expected to
dominate the market on account of rising ecological concerns among people and
increasing production and sales of electrical two-wheelers in the region. Further,
stringent government rules and regulations to produce electric vehicles for
conserving fuels is a notable factor that is anticipated to support the growth of the
market in Asia-Pacific region.
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Growing Demand for Electric Two-Wheelers
The stringent government rules promoting the use of vehicles that do not emit CO2
and use renewable power resources rather than using conventional resources of