Asia Pacific Hub Motor Market Size & Outlook, 2023-2030
Asia Pacific hub motor market, 2017-2030 (US$M)
Related Markets
Asia Pacific hub motor market highlights
- The Asia Pacific hub motor market generated a revenue of USD 4,316.5 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, geared was the largest revenue generating motor type in 2023.
- Geared is the most lucrative motor type segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,316.5 million |
| Market revenue in 2030 | USD 5,788.5 million |
| Growth rate | 4.3% (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 |
| Key market players worldwide | NTN Corp, Schaeffler AG ADR, Bosch, Taizhou Quanshun Motor, Heinzmann |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.3% of the global hub motor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 4,618.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Hub Motor Market Scope
Hub Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 75.23% in 2023. Horizon Databook has segmented the Asia Pacific hub motor market based on geared, gearless covering the revenue growth of each sub-segment from 2017 to 2030.
- Asia Pacific Hub Motor Motor Type Outlook (Revenue, USD Million, 2017-2030)
- Geared
- Gearless
- Asia Pacific Hub Motor Power Output Outlook (Revenue, USD Million, 2017-2030)
- Below 3 KW
- 3 - 5 KW
- 5-10 KW
- Above 10 Kw
- Asia Pacific Hub Motor Installation Type Outlook (Revenue, USD Million, 2017-2030)
- Front Hub
- Rear Hub
- Both Front Hub Motor
- Both Rear Hub Motor
- Asia Pacific Hub Motor Sales Channel Outlook (Revenue, USD Million, 2017-2030)
- OEM
- After Market
- Asia Pacific 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
Reasons to subscribe to Asia Pacific hub motor market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific hub motor market databook
-
Our clientele includes a mix of hub motor market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 continent-level data and insights on the Asia Pacific hub motor market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hub motor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific hub motor market size, by country, 2017-2030 (US$M)
Asia Pacific Hub Motor Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
