Automobile Wheel Hub Motor Market Analysis By Application (Passenger Cars, Commercial Vehicles), By Motor Type (Inner Rotor, Outer Rotor), By Vehicle Type (Electric Vehicles, Hybrid Vehicles), and By Region Forecast to 2032
- Report ID: ME_00113043
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.56 |
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The Automobile Wheel Hub Motor Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 8,543.21 million. The growth of the market depends on several factors, including the increasing demand for electric vehicles, advancements in technology, and the need for improved fuel efficiency and reduced emissions. An automobile wheel hub motor refers to an electric motor that is integrated into the wheel hub of a vehicle. It eliminates the need for a traditional internal combustion engine and transmission system, providing direct power to the wheels. This technology offers numerous advantages, including enhanced vehicle performance, improved handling, and increased energy efficiency.
Automobile Wheel Hub Motor Market Overview
Drivers
One of the key factors driving the automobile wheel hub motor market growth is the increasing demand for electric vehicles (EVs). With the growing concern for environmental sustainability and the need to reduce greenhouse gas emissions, there has been a significant shift towards electric mobility. Automobile wheel hub motors play a crucial role in powering electric vehicles, offering improved efficiency and performance compared to traditional internal combustion engines. The adoption of EVs is further supported by government initiatives and regulations promoting clean energy transportation. As a result, the automobile wheel hub motor market is expected to witness substantial growth during the forecast period.
Moreover, advancements in technology have led to the development of more efficient and compact wheel hub motors. These motors offer higher torque, improved regenerative braking, and better control, enhancing the overall driving experience. Additionally, the integration of advanced features such as regenerative charging and intelligent control systems further boosts the demand for automobile wheel hub motors. Hence, such factors are expected to drive market growth during the forecast period.
Trends
A key trend shaping the automobile wheel hub motor market growth is the increasing focus on lightweight and compact designs. Manufacturers are continuously striving to reduce the weight and size of wheel hub motors to improve vehicle efficiency and performance. This trend is driven by the need for lightweight electric vehicles that can offer longer driving ranges and faster acceleration. Additionally, compact wheel hub motors allow for more flexible vehicle designs and better utilization of space. As a result, there is a growing demand for lightweight and compact automobile wheel hub motors in the market.
Furthermore, the integration of advanced connectivity and autonomous driving features in electric vehicles is another significant trend driving the market growth. Automobile wheel hub motors can be seamlessly integrated with these technologies, enabling enhanced vehicle control, real-time data analysis, and improved safety features. The demand for electric vehicles with advanced connectivity and autonomous capabilities is expected to increase in the coming years, driving the adoption of automobile wheel hub motors. Hence, such trends are expected to fuel the growth of the market during the forecast period.
Restraints:
One of the key challenges hindering the automobile wheel hub motor market growth is the high cost of implementation. The initial cost of developing and integrating wheel hub motors into vehicles is relatively high compared to traditional internal combustion engines. This cost includes the development of specialized components, advanced control systems, and the overall integration process. Additionally, the limited availability of skilled technicians and specialized infrastructure for wheel hub motor installation and maintenance further adds to the cost. As a result, the high cost of implementation acts as a restraint for the widespread adoption of automobile wheel hub motors.
Furthermore, the limited range and charging infrastructure for electric vehicles pose challenges for the adoption of automobile wheel hub motors. Although electric vehicles offer numerous advantages, the limited driving range and the availability of charging stations remain concerns for potential buyers. The adoption of automobile wheel hub motors is closely tied to the growth of electric vehicle infrastructure, including the availability of fast-charging stations and improved battery technologies. Hence, such factors are expected to hinder market growth during the forecast period.
Automobile Wheel Hub Motor Market Segmentation By Application
The electric passenger vehicles segment is estimated to witness significant growth during the forecast period. Automobile wheel hub motors play a crucial role in powering electric passenger vehicles, offering improved efficiency, performance, and driving range. The demand for electric passenger vehicles is increasing due to factors such as government incentives, environmental regulations, and the growing awareness of sustainable transportation. Additionally, advancements in battery technology and the availability of fast-charging infrastructure further support the adoption of electric passenger vehicles. Hence, the electric passenger vehicles segment is expected to drive the growth of the automobile wheel hub motor market during the forecast period.
Automobile Wheel Hub Motor Market Segmentation By Type
The permanent magnet motor segment is expected to witness significant growth in the automobile wheel hub motor market. Permanent magnet motors offer several advantages, including high torque density, compact size, and improved energy efficiency. These motors use permanent magnets to generate the magnetic field required for motor operation, resulting in higher efficiency compared to other motor types. Additionally, permanent magnet motors offer better control and responsiveness, enhancing the overall driving experience. As a result, there is a growing demand for permanent magnet motors in the automobile wheel hub motor market.
Regional Overview:
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Request pdf SampleAPAC is estimated to contribute 50% to the growth of the global automobile wheel hub motor market during the forecast period. The region is witnessing significant growth in the adoption of electric vehicles, driven by factors such as government initiatives, favorable policies, and the presence of prominent market players. Countries like China, Japan, and South Korea are leading the electric vehicle market in APAC, with a strong focus on research and development, manufacturing, and infrastructure development. Additionally, the increasing urbanization, rising disposable income, and growing awareness of environmental sustainability further support the adoption of electric vehicles in the region. Hence, APAC is expected to drive the growth of the automobile wheel hub motor market during the forecast period.
In 2020, during the COVID-19 pandemic, the global automobile wheel hub motor market witnessed a temporary slowdown due to disruptions in the supply chain and manufacturing operations. However, with the gradual recovery of the automotive industry and the resumption of economic activities, the market is expected to regain momentum. The increasing focus on sustainable transportation and the growing demand for electric vehicles are expected to drive the market during the forecast period.
Automobile Wheel Hub Motor Market Customer Landscape
The automobile wheel hub motor market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Automobile Wheel Hub Motor Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Elaphe Propulsion Technologies Ltd: The company offers automobile wheel hub motors such as L1500, L1500H, and L1500S, which are designed for electric vehicles and provide high torque, compact size, and improved energy efficiency.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- Bosch Mobility Solutions
- Continental AG
- Dana Limited
- Denso Corporation
- Elaphe Propulsion Technologies Ltd
- GKN Automotive Limited
- Hitachi Automotive Systems Ltd
- Magna International Inc.
- Michelin Group
- Mitsubishi Electric Corporation
- Nidec Corporation
- Robert Bosch GmbH
- SKF AB
- Siemens AG
- Tesla Inc.
- Toshiba Corporation
- Valeo SA
- WheelTug plc
- YASA Limited
- ZF Friedrichshafen AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview:
The automobile wheel hub motor market report forecasts market growth by revenue at global, regional, and country levels. It provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032):
- Passenger Cars
- Commercial Vehicles
- Motor Type Outlook (USD Million, 2019 - 2032):
- Inner Rotor
- Outer Rotor
- Vehicle Type Outlook (USD Million, 2019 - 2032):
- Electric Vehicles
- Hybrid Vehicles
- Geography Outlook (USD Million, 2019 - 2032):
- North America
- The U.S.
- Canada
- Europe
- K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Content
Chapter 1 About the Automobile Wheel Hub Motor Industry
1.1 Industry Definition and Types
1.1.1 Direct drive type motor
1.1.2 Reduction drive type motor
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market Competition Landscape
2.1 Automobile Wheel Hub Motor Markets by Regions
2.1.1 USA
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.2 Europe
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.3 China
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.4 India
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.5 Japan
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.6 South East Asia
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.2 World Automobile Wheel Hub Motor Market by Types
Direct drive type motor
Reduction drive type motor
2.3 World Automobile Wheel Hub Motor Market by Applications
2.4 World Automobile Wheel Hub Motor Market Analysis
2.4.1 World Automobile Wheel Hub Motor Market Revenue and Growth Rate 2015-2020
2.4.2 World Automobile Wheel Hub Motor Market Consumption and Growth rate 2015-2020
2.4.3 World Automobile Wheel Hub Motor Market Price Analysis 2015-2020
Chapter 3 World Automobile Wheel Hub Motor Market share
3.1 Major Production Market share by Players
3.2 Major Revenue (M USD) Market share by Players
3.3 Major Production Market share by Regions in 2020, Through 2025
3.4 Major Revenue (M USD) Market share By Regions in 2020, Through 2025
Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis
4.2 Raw material Market Analysis
4.2.1 Raw material Prices Analysis 2012-2020
4.2.2 Raw material Supply Market Analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis
Chapter 5 Company Profiles
5.1 Protean Electric
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue (M USD), Price and Operating Profits
5.2 Elaphe
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue (M USD), Price and Operating Profits
5.3 NTN
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue (M USD), Price and Operating Profits
5.4 Haiyinciman
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue (M USD), Price and Operating Profits
5.5 Printed Motor
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue (M USD), Price and Operating Profits
5.6 Micro Motor
5.6.1 Company Details (Foundation Year, Employee Strength and etc)
5.6.2 Product Information (Picture, Specifications and Applications)
5.6.3 Revenue (M USD), Price and Operating Profits
5.7 Ziehl-Abegg
5.7.1 Company Details (Foundation Year, Employee Strength and etc)
5.7.2 Product Information (Picture, Specifications and Applications)
5.7.3 Revenue (M USD), Price and Operating Profits
5.8 TM4
5.8.1 Company Details (Foundation Year, Employee Strength and etc)
5.8.2 Product Information (Picture, Specifications and Applications)
5.8.3 Revenue (M USD), Price and Operating Profits
5.9 ECOmove
5.9.1 Company Details (Foundation Year, Employee Strength and etc)
5.9.2 Product Information (Picture, Specifications and Applications)
5.9.3 Revenue (M USD), Price and Operating Profits
5.10 Brabus
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue (M USD), Price and Operating Profits
5.11 AMT Schmid
5.11.1 Company Details (Foundation Year, Employee Strength and etc)
5.11.2 Product Information (Picture, Specifications and Applications)
5.11.3 Revenue (M USD), Price and Operating Profits
Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry
Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions
7.2 Major Customers and contact information by Regions
Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India
Chapter 9 World Automobile Wheel Hub Motor Market Forecast through 2025
9.1 World Automobile Wheel Hub Motor Demand by Regions Forecast through 2025
9.2 World Automobile Wheel Hub Motor Price(by Regions, Types, Applications)Analysis Forecast through 2025
9.3 World Automobile Wheel Hub Motor Revenue (M USD)(by Regions, Types, Applications) Forecast through 2025
9.4 World Automobile Wheel Hub Motor Market Analysis
9.4.1 World Automobile Wheel Hub Motor Market Revenue and Growth Rate 2015-2020
9.4.2 World Automobile Wheel Hub Motor Market Consumption and Growth rate 2015-2020
9.4.3 World Automobile Wheel Hub Motor Market Price Analysis 2015-2020
Chapter 10 Key success factors and Market Overview
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Major Production Market share by Players 2020
Table Major Revenue (M USD) Market share by Players 2020
Table Production Market share by Major Regions in 2015-2020
Table Production Market share by Major Regions in 2020-2025
Table Revenue (M USD) Market share by Regions in 2015-2020
Table Revenue (M USD) Market share by Regions in 2020-2025
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2012-2020
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table Protean Electric Information List
Figure Automobile Wheel Hub MotorAutomobile Wheel Hub Motor Picture, Specifications and Applications of Protean Electric
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Protean Electric 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of Protean Electric 2019-2020
Table Elaphe Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of Elaphe
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Elaphe 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of Elaphe 2019-2020
Table NTN Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of NTN
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of NTN 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of NTN 2019-2020
Table Haiyinciman Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of Haiyinciman
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Haiyinciman 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of Haiyinciman 2019-2020
Table Printed Motor Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of Printed Motor
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Printed Motor 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of Printed Motor 2019-2020
Table Micro Motor Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of Micro Motor
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Micro Motor 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of Micro Motor 2019-2020
Table Ziehl-Abegg Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of Ziehl-Abegg
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Ziehl-Abegg 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of Ziehl-Abegg 2019-2020
Table TM4 Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of TM4
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of TM4 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of TM4 2019-2020
Table ECOmove Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of ECOmove
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of ECOmove 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of ECOmove 2019-2020
Table Brabus Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of Brabus
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Brabus 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of Brabus 2019-2020
Table AMT Schmid Information List
Figure Automobile Wheel Hub Motor Picture, Specifications and Applications of AMT Schmid
Table Automobile Wheel Hub Motor Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of AMT Schmid 2019-2020
Figure Automobile Wheel Hub Motor Sales Volume and World Market Share of AMT Schmid 2019-2020
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption and Consumption Value(M USD)
Table World Demand by Regions Forecast Analysis of Automobile Wheel Hub Motor (2020-2025)
Table World Price by Regions Forecast Analysis of Automobile Wheel Hub Motor (2020-2025)
Table World Price by Types Forecast Analysis of Automobile Wheel Hub Motor (2020-2025)
Table World Price by Applications Forecast Analysis of Automobile Wheel Hub Motor (2020-2025)
Table World Revenue (M USD) by Regions Forecast Analysis of Automobile Wheel Hub Motor (2020-2025)
Table World Revenue (M USD) by Types Forecast Analysis of Automobile Wheel Hub Motor (2020-2025)
Table World Revenue (M USD) by Applications Forecast Analysis of Automobile Wheel Hub Motor (2020-2025)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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