Australia Hub Motor Market Size & Outlook, 2023-2030
The hub motor market in Australia is expected to reach a projected revenue of US$ 475.5 million by 2030. A compound annual growth rate of 3.8% is expected of Australia hub motor market from 2024 to 2030.
Revenue, 2023 (US$M)
$367.3
Forecast, 2030 (US$M)
$475.5
CAGR, 2024 - 2030
3.8%
Report Coverage
Australia
Australia hub motor market, 2017-2030 (US$M)
Related Markets
Australia hub motor market highlights
- The Australia hub motor market generated a revenue of USD 367.3 million in 2023 and is expected to reach USD 475.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 3.8% 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.
Hub motor market data book summary
| Market revenue in 2023 | USD 367.3 million |
| Market revenue in 2030 | USD 475.5 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Geared |
| Fastest growing segment | Geared |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.9% of the global hub motor market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hub motor market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 989.5 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 |
|---|
Australia 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 72.53% in 2023. Horizon Databook has segmented the Australia hub motor market based on geared, gearless covering the revenue growth of each sub-segment from 2017 to 2030.
- Australia Hub Motor Motor Type Outlook (Revenue, USD Million, 2017-2030)
- Geared
- Gearless
- Australia Hub Motor Power Output Outlook (Revenue, USD Million, 2017-2030)
- Below 3 KW
- 3 - 5 KW
- 5-10 KW
- Above 10 Kw
- Australia Hub Motor Installation Type Outlook (Revenue, USD Million, 2017-2030)
- Front Hub
- Rear Hub
- Both Front Hub Motor
- Both Rear Hub Motor
- Australia Hub Motor Sales Channel Outlook (Revenue, USD Million, 2017-2030)
- OEM
- After Market
- Australia 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 Australia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia hub motor market , including forecasts for subscribers. This country databook contains high-level insights into Australia hub motor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia hub motor market size, by motor type, 2017-2030 (US$M)
Australia Hub Motor Market Outlook Share, 2023 & 2030 (US$M)
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