The motorcycle hub motors are usually utilized in an electric motorcycle to offer traction by converting stored electric energy to motive power. Motorcycle hub motors are integrated into the wheel-hub to provide traction. Motor can be either a geared hub motor or a gearless hub motor. Motorcycle hub motor market is anticipated to grow remarkably across the world in coming years.
MARKET SCOPE
The "Global Motorcycle Hub Motor Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the motorcycle hub motor market with detailed market segmentation by vehicle type, motor type, and geography. The report provides key statistics on the market status of the leading motorcycle hub motor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on vehicle type, the global motorcycle hub motor market is segmented into electric bike and electric motorcycle.
- On the basis of category, the market is segmented into geared hub motor and gearless hub motor.
MARKET DYNAMICS
Drivers:
- Increasing demand for enhanced driving experience and superior vehicle performance.
- Growing automotive sector in developing nations of Asia Pacific region.
Restraints:
- Unorganized retail sector in few developing countries of the world.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The motorcycle hub motor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the motorcycle hub motor market in these regions.
IMPACT OF COVID-19 ON MOTORCYCLE HUB MOTOR MARKET
The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Owing to salary cuts or job losses, buying capacity of the consumer was reduced to a considerable extent. Restrictions of limited workforce at production site affected the market from supply side. All the mentioned factors have impacted the motorcycle hub motor market negatively.
MARKET PLAYERS
The report covers key developments in the motorcycle hub motor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from motorcycle hub motor market are anticipated to lucrative growth opportunities in the future with the rising demand for motorcycle hub motor in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the motorcycle hub motor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Elaphe Ltd
- Heinzmann GmbH and Co. KG
- JIASHAN NEOPOWER INTERNATIONAL TRADE CO.,LTD
- NTN Corporation
- Protean Electric Ltd.
- QS MOTOR
- Schaeffler Technologies AG and Co. KG
- SIM-Drive Corporation
- TAJIMA
- TDCM Corporation Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.