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Hub Motor Market By Type, Key Players, Revenue, Market Value, Regions and Product Type – Forecast To 2030 By Zaraki Kenpachi - May 21, 2021
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Global Hub Motor Market for Electric Vehicle: Introduction According to the report, the global hub motor market for electric vehicle is projected to reach US$ 27.4 Bn by 2030, expanding at a CAGR of 22.5% during the forecast period. Rise in demand for fuelefficient and lightweight vehicles across the globe, which provide comfort and noiseless driving, is likely to propel the hub motor market for electric vehicle. Increase in vehicle electrification across the globe due to enactment of vehicle emission standards is likely to boost the demand for electric vehicles across the globe. Moreover, rise in technological development, including wireless hub motor, is projected to lead to the development of advanced electric vehicles including those, which receive electricity wirelessly through transmitting coils that are embedded in road surfaces. This is anticipated to augment the hub motor market for electric vehicle across the globe. Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=38111 Expansion of Hub Motor Market for Electric Vehicle Surge in trade volume, owing to rising bilateral trade among countries is projected to boost the hub motor market for electric vehicle during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% yearonyear. Based on vehicle type, the global hub motor market for electric vehicle has been segmented into passenger vehicle and commercial vehicle.
Passenger vehicle is likely to be a highly lucrative segment during the forecast period. This is primarily due to a rise in the production of passenger vehicles across the globe. Rise in adoption of electric vehicles in major developing countries, including the U.S., China, Germany, and Japan, is expected to propel the hub motor market for electric vehicle across the globe. In terms of electric vehicle type, the battery electric vehicle segment dominated the market, as increase in the demand for electric vehicles due to enactment of emission regulation is fueling the hub motor market for electric vehicle. Moreover, major vehicle manufacturers are emphasizing on investments for the development of battery and trying to reduce the cost of the battery electric vehicle, which is likely to fuel the hub motor market for electric vehicle. Regional Analysis of Hub Motor Market for Electric Vehicle In terms of region, the global hub motor market for electric vehicle has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global hub motor market for electric vehicle in 2019. It is anticipated to hold a leading share during the forecast period, due to the rise in the production and sale of vehicles in China and ASEAN. Increased demand for electric vehicle across Asia Pacific is anticipated to boost the hub motor market for electric vehicle across the region. Prominent players operating in the global hub motor market for electric vehicle include ZIEHL ABEGG, HEINZMANN GmbH & Co. KG, Protean electric., Bonfiglioli Riduttori S.p.A., ZF Friedrichshafen AG., NSK Limited, Evans Electric, Hyundai Mobis Co. Ltd.., TM4 Inc., etraction B.V., Kolektor, Elaphe Ltd, NTN Corporation., Magnetic Systems Technologies, GEM Motors d.o.o, Siemens AG, Printed Motor Works, YASA Limited, and Schaeffler AG. Global Hub Motor Market for Electric Vehicle: Segmentation Hub Motor Market for Electric Vehicle, by Vehicle Type Passenger Vehicle Commercial Vehicle Hub Motor Market for Electric Vehicle, by Drive Type All Wheel Drive Front Wheel Drive
Rear Wheel Drive Hub Motor Market for Electric Vehicle, by Electric Vehicle Type Battery Electric Vehicle Plugin Hybrid Electric Vehicle Hybrid Electric Vehicle Hub Motor Market for Electric Vehicle, by Sales Channel OEM Aftermarket Hub Motor Market for Electric Vehicle, by Cooling Type Water Cooled Air Cooled Hub Motor Market for Electric Vehicle, by Brake Type Regenerative Brake Conventional Brake Hub Motor Market for Electric Vehicle, by Region North America Europe Asia Pacific Middle East & Africa Latin America Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php? flag=EB&rep_id=38111 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +15186181030 USA – Canada Toll Free: 8665523453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com
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