Two-Wheeler Hub Motor Market By Product Type (Geared Hub Motors, Gearless [Direct-Drive] Hub Motors); By Motor Type (Brushed Hub Motors, Brushless Hub Motors); By Power Output (Below 1 kW, 1–3 kW, Above 3 kW); By Application (Electric Scooters, Electric Motorcycles, Electric Bicycles); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

The two-wheeler hub motor market was USD 3.5 billion in 2023, and by 2030, it is estimated to be worth USD 8.1 billion, growing at a compound annual growth rate of 12.3%. This market is thus driven by rising environmental consciousness globally, stating the encouragement of electric cars (EVs) and development in hub motor technology.

 

The Two-Wheeler Hub Motor Market is strategically positioned in the electric vehicle transition, targeting electric two-wheelers. Hub motors are small electric motors installed within the wheel hub of a two-wheeler and do not require a conventional drive train. These motors are popular today because of their high efficiency and ease of use, coupled with the increasing concern pertaining to the availability of electric mobility solutions across the globe.

 

Market Dynamics

Driving Growth: Rising Demand for Electric Two-Wheelers and Technological Advancements in Hub Motors

Rising Demand for Electric Two-Wheelers: Electric two-wheelers comprising scooters and motorcycles are enjoying greater demand due to low operational costs, ability to emit lesser carbon footprints, and fast-paced city growth. For instance, the electric scooters’ sales increased by 132% in 2023 in India compared with 2022 because of various governmental incentives such as the FAME-II.

 

Government Regulations and Incentives: Different governments across the globe have set new standards for emissions and at the same time pulling the carrot for EVs. First, like the world two-wheelers hub motor market leader China had a policy of subsidies and tax rebates for EV manufacturers which greatly encouraged the application of the hub motor technology.

 

Technological Advancements in Hub Motors: Recent developments such as the dual-motor system, better thermal control, and structural light-weighting have improved the efficiency and performance of hub motors and are perfect for use in two-wheelers more than three-wheelers. For example, Bosch launched a hub motor with a regenerative function — the driving range is extended by up to one-fifth compared to a traditional, non-recuperative hub motor.

 

Emerging Economies and Smart Features: Key Growth Opportunities in the Hub Motor Market

Growing Adoption in Developing Economies: Many young countries such as India, Vietnam, and Indonesia are now urbanizing; hence, they require cheap and environmentally friendly means of transport. Such markets are being explored by Hero Electric and Yadea and others.

 

Integration of IoT and Smart Features: The extension of the connectivity of the Internet of Things (IoT) into hub motors, like continuous diagnosis and performance monitoring, are key opportunities for growth in the market. For instance, NIU Technologies has integrated Internet of Things systems into its hub motors to give the users more control.

 

Battery Limitations and Range Anxiety: Key Barriers to Hub Motor Adoption

High Initial Costs: There are some drawbacks to electric two-wheelers with hub motors – their higher initial cost, as compared to conventional models is a major disadvantage in price-sensitive markets.

 

Competition from Alternatives: The mid-drive motors seem to be a potential threat to the hub motor due to their efficiency and higher torque in some applications.

 

Battery Dependence and Range Anxiety: Difficulty charging, restriction of battery storage, and issues related to range remain factors that limit the use of hub motors.

 

Comprehensive Market Segmentation of the Two-Wheeler Hub Motor Market

The Two-Wheeler Hub Motor Market can be segmented as follows:

By Product Type:

• Geared Hub Motors

• Gearless (Direct-Drive) Hub Motors

 

By Motor Type:

• Brushed Hub Motors

• Brushless Hub Motors

 

By Power Output:

• Below 1 kW

• 1-3 kW

• Above 3 kW

 

By Application:

• Electric Scooters

• Electric Motorcycles

• Electric Bicycles

 

By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa

 

Innovations in Gearless Hub Motors and Their Role in Market Leadership

Leading Segment by Product Type: Gearless HUB Motor.

Gearless hub motors are quite popular in the market compared to geared hub motors due to the factors that they are found to be more efficient, more reliable, and for the least required maintenance. These motors are widely used in high-power electric motorcycles. For example, gearless hub motors are used in the motorcycles produced by Zero Motorcycles in a bid to deliver memorable and mighty service.

 

Leading Segment by Power Output: 1-3 kW

From the data collected, it can be demonstrated that motor output in the range of 1-3 kW is appropriate and ideal for urban electric scooters due to their efficiency and costs. For instance, Gogoro’s electric scooters with 1.5 kW hub motors have gained great popularity in Taiwan today.

 

Leading Region: Asia-Pacific

As a world region, Asia Pacific dominates the market with a share of over 50% in 2023. It can be so attributed to electrical two-wheelers that have recorded high usage in the Chinese and Indian markets. For instance, AIMA Technology Group, a Chinese manufacturer, has revealed that the company’s e-bike sales have risen 23% in 2023, with more bikes equipped with hub motors.

 

Global Hub Motor Market: Regional Insights into Asia-Pacific, North America, and Europe

Asia-Pacific:

Asia-Pacific is the largest market worldwide, and China is the leading country regarding both production and consumption of hub motors. Policies and a robust manufacturing industry are behind this dominance by governments across the globe. For instance, Yadea Technology Group sold electric scooters amounting to 13,047,600 pcs in 2023, Hubei intelligent hub motors among them.

 

North America:

The North American market is also expanding regularly, mainly due to the use of electric two-wheelers for daily and recreational travel. Bosch’s eBike Systems have indeed spread to the US, which sells electric bicycles, which showed an increase of 70% in the period 2020-2023.

 

Europe:

Europe has a good growth rate due to its high emission standards and government support for electric vehicles. For instance, Germany declared in 2023 a subsidy of up to € 900 for the purchase of electric bicycles, increasing the demand for hub motors in the region.

 

Industry Leaders in Hub Motor Technology: Bosch, Yadea, and More

• Bosch

• QSMotor

• MAC Motor

• Golden Motor Technology Co.

• Bafang Electric

• LUNA Cycle

• Heinzmann GmbH

• TDCM Corporation

• EUNORAU

• Yadea Technology Group

 

Future Directions in Hub Motors: From Smart Features to Renewable Energy Integration

The Two-Wheeler Hub Motor Market is expected to grow significantly due to rising environmental consciousness, better hub motor innovation, and authorities’ encouraging policies toward the EV sector. New smart features and renewable energy solutions will likely play additional roles in enhancing the market specifics. For instance, Bosch and Bafang are currently working to find out how to incorporate the solar charging into the hub motor.

 

Over the next few years, entrants must adapt to operate more efficiently and find new opportunities to distinguish themselves from dominant brands. Furthermore, it is expected to observe an increasing market trend towards the use of sustainable materials and green manufacturing in line with sustainable development objectives.

 

Two-wheelers Hub Motor Industry will be one of the key players in revolutionizing movement in cities with special attention to technology and sustainability.