Global Hub Motor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Industry;

Mid-Drive Motor and Neighborhood Electric Vehicle (NEV).

By Vehicle Type;

E-Bikes, E-Scooters/Mopeds, and E-Motorcycles.

By Installation Type;

Front Hub Motor and Rear Hub Motor.

By Motor Type;

Gearless Hub Motor and Geared Hub Motor.

By Power Output Type;

Below 1000 W , 1000-3000 W, and Above 3000 W.

By Sales Channel;

Aftermarket and OE Market.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn422854184 Published Date: May, 2025 Updated Date: June, 2025

Hub Motor Market Overview

Hub Motor Market (USD Million)

Hub Motor Market was valued at USD 11,473.20 million in the year 2024. The size of this market is expected to increase to USD 16,800.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.


Global Hub Motor Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.6 %
Market Size (2024)USD 11,473.20 Million
Market Size (2031)USD 16,800.87 Million
Market ConcentrationMedium
Report Pages392
11,473.20
2024
16,800.87
2031

Major Players

  • QS Motor
  • Elaphe Propulsion Technologies
  • Schaeffler Technologies AG & Co. KG
  • NTN Corporation
  • Michelin Group
  • MAC Motor
  • TDCM Corporation
  • ZIEHL-ABEGG SE
  • Jiashan Neopower International Trade Co., Ltd.
  • Printed Motor Works Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Hub Motor Market

Fragmented - Highly competitive market without dominant players


The Hub Motor Market is advancing rapidly as demand grows for compact, efficient propulsion systems tailored to electric mobility. These motors, mounted within vehicle wheels, eliminate traditional drivetrain elements, boosting overall efficiency by nearly 12%. Their growing usage reflects a broader shift toward cost-effective, low-maintenance electric drive systems across various applications.

Innovations Driving Efficiency
Ongoing improvements in motor control, material science, and thermal management are propelling the hub motor market. PMSM and BLDC motor types remain preferred choices due to their durability and performance benefits. Enhancements in design have delivered a 15% gain in motor efficiency, strengthening their position across urban mobility and industrial applications.

Advantages in Cost and Maintenance
Hub motors present a cost-efficient alternative to traditional motor systems, reducing mechanical complexity and increasing energy efficiency. Their simplified architecture has resulted in a 20% drop in overall drivetrain maintenance. These benefits are contributing to their increased preference in urban electric vehicles and lightweight commercial platforms.

Growth Outlook
The future of the hub motor market appears promising, underpinned by the rise of sustainable transport models and smart vehicle design trends. Adoption is forecasted to climb by 35%, supported by R&D efforts aimed at optimizing weight, torque, and energy use. As electric vehicle demand accelerates, hub motors are set to play a pivotal role in next-generation mobility systems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Industry
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Installation Type
    4. Market Snapshot, By Motor Type
    5. Market Snapshot, By Power Output Type
    6. Market Snapshot, By Sales Channel
    7. Market Snapshot, By Region
  4. Hub Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for electric vehicles
        2. Advancements in motor technology
      2. Restraints
        1. High initial investment costs
        2. Limited availability of charging infrastructure
      3. Opportunities
        1. Growing emphasis on sustainable transportation
        2. Expansion of electric vehicle market globally
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Hub Motor Market, By Industry, 2021 - 2031 (USD Million)
      1. Mid-Drive Motor
      2. Neighborhood Electric Vehicle (NEV)
    2. Hub Motor Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. E-Bikes
      2. E-Scooters/Mopeds
      3. E-Motorcycles
    3. Hub Motor Market, By Installation Type, 2021 - 2031 (USD Million)
      1. Front Hub Motor
      2. Rear Hub Motor
    4. Hub Motor Market, By Motor Type, 2021 - 2031 (USD Million)
      1. Gearless Hub Motor
      2. Geared Hub Motor
    5. Hub Motor Market, By Power Output Type, 2021 - 2031 (USD Million)
      1. Below 1000 W
      2. 1000-3000 W
      3. Above 3000 W
    6. Hub Motor Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. OE Market
      2. Aftermarket
    7. Hub Motor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. QS Motor
      2. Elaphe Propulsion Technologies
      3. Schaeffler Technologies AG & Co. KG
      4. NTN Corporation
      5. Michelin Group
      6. MAC Motor
      7. TDCM Corporation
      8. ZIEHL-ABEGG SE
      9. Jiashan Neopower International Trade Co., Ltd.
      10. Printed Motor Works Ltd.
  7. Analyst Views
  8. Future Outlook of the Market