North America Hub Motor Market Size & Outlook, 2023-2030
North America hub motor market, 2017-2030 (US$M)
Related Markets
North America hub motor market highlights
- The North America hub motor market generated a revenue of USD 3,188.9 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,188.9 million |
| Market revenue in 2030 | USD 4,618.4 million |
| Growth rate | 5.4% (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, North America region accounted for 25.3% 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.
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Hub Motor Market Scope
Hub Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 75.28% in 2023. Horizon Databook has segmented the North America hub motor market based on geared, gearless covering the revenue growth of each sub-segment from 2017 to 2030.
- North America Hub Motor Motor Type Outlook (Revenue, USD Million, 2017-2030)
- Geared
- Gearless
- North America Hub Motor Power Output Outlook (Revenue, USD Million, 2017-2030)
- Below 3 KW
- 3 - 5 KW
- 5-10 KW
- Above 10 Kw
- North America Hub Motor Installation Type Outlook (Revenue, USD Million, 2017-2030)
- Front Hub
- Rear Hub
- Both Front Hub Motor
- Both Rear Hub Motor
- North America Hub Motor Sales Channel Outlook (Revenue, USD Million, 2017-2030)
- OEM
- After Market
- North America 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 North America 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 continent-level data and insights on the North America hub motor market , including forecasts for subscribers. This continent databook contains high-level insights into North America hub motor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America hub motor market size, by country, 2017-2030 (US$M)
North America Hub Motor Market Outlook Share, 2023 & 2030 (US$M)
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