Global Hub Motor Market Size & Outlook
The hub motor industry worldwide is expected to reach a projected revenue of US$ 17,499.1 million by 2030. A compound annual growth rate of 4.8% is expected of the worldwide hub motor industry from 2024 to 2030.
Revenue, 2023 (US$M)
$12,599.2
Forecast, 2030 (US$M)
$17,499.1
CAGR, 2024 - 2030
4.8%
Report Coverage
Worldwide
Global hub motor market, 2017-2030 (US$M)
Related Markets
Global hub motor market highlights
- The global hub motor market generated a revenue of USD 12,599.2 million in 2023 and is expected to reach USD 17,499.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.8% by 2030.
- In terms of segment, geared accounted for a revenue of USD 9,487.3 million in 2023.
- Geared is the most lucrative motor type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 12,599.2 million |
| Market revenue in 2030 | USD 17,499.1 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Geared |
| Fastest growing segment | Geared |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Geared, Gearless |
Other key industry trends
- In terms of revenue, the North America accounted for 25.3% of the global hub motor market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 357.4 million by 2030.
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Hub Motor Market Scope
Hub motor market segmentation & scope
Others
Hub Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hub motor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hub motor market will help companies and investors design strategic landscapes.
geared was the largest segment with a revenue share of 75.3% in 2023. Horizon Databook has segmented the Global hub motor market based on geared, gearless covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Hub Motor Motor Type Outlook (Revenue, USD Million, 2017-2030)
- Geared
- Gearless
- Global Hub Motor Power Output Outlook (Revenue, USD Million, 2017-2030)
- Below 3 KW
- 3 - 5 KW
- 5-10 KW
- Above 10 Kw
- Global Hub Motor Installation Type Outlook (Revenue, USD Million, 2017-2030)
- Front Hub
- Rear Hub
- Both Front Hub Motor
- Both Rear Hub Motor
- Global Hub Motor Sales Channel Outlook (Revenue, USD Million, 2017-2030)
- OEM
- After Market
- Global Hub Motor Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- E-Bike
- E-Motorcycle
- E-Scooter
- Electric Passenger Vehicles
- Electric Utility Vehicles (incl. LCV)
- Electric Heavy-Duty Vehicles
- Others
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Target buyers of Global hub motor market databook
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Our clientele includes a mix of hub motor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global hub motor market , including forecasts for subscribers. This global databook contains high-level insights into Global hub motor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global hub motor market statistics, by region, 2017-2030 (US$M)
Top 10 countries: Hub motor market size, 2023 (USD Million)
Top 10 countries: Hub motor market size, 2023 (USD Million)
Global hub motor market, by region, 2023 (US$M)
Related regional statistics
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