Growing Adoption of Electric Mobility Solutions Fueling Hub Motor Market Says Future Market Insights, Inc.

The higher cost of electric vehicles and two-wheelers has resulted in a profound growth of e-bike hub motors as an affordable alternative. Hub motor technology for electric wheel drive has also emerged as a sustainable urban mobility solution. Ongoing investments in developing charging infrastructure and supportive policies are expected to further drive the demand for vehicles equipped with hub motors.

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"Automotive manufacturers are expected to take advantage of their access to the global supply chain for electric vehicles to sell their hub motors in the consumer market. Meanwhile, industrial equipment and electronic manufacturers entering the hub motor sector are adopting the strategy of collaborating with electric vehicle manufacturers," says an analyst at FMI.

Key Takeaways from the Hub Motor Market Study Report

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Competitive Landscape in the Hub Motor Market

The competitive landscape for electric hub motors intensified in the last decade with the rise in e-bike and scooter sales. Owing to economical production techniques, leading market players provide competitive pricing that appeals to a wider variety of customers.

Hub Motor Market Report Scope

Recent Developments in the Hub Motor Industry Players

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Key Segments Covered by Hub Motor Industry Survey Report

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Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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With a CAGR of 22.5% for the next decade, Micro-mobility Charging Infrastructure market is likely to reach a valuation of nearly US$ 36.6 Billion by the end of 2032

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Conventional Motorcycles & Scooters Market expected to hit US$ 1, 99,138 Million at CAGR of 3.8% from forecast period 2023 to 2033

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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