Global Two Wheeler Hub Motors Market Size By Type (Geared, Non-geared), By Application (OEMs, AfterMarket Size), By Region, And Segment Forecasts, 2023 to 2032

The Global Two Wheeler Hub Motors Market is expected to grow significantly, driven by the rising demand for electric two-wheelers and advancements in motor technology. As of 2023, the market is valued at USD 3.1 billion and is projected to surpass USD 8.7 billion by 2031, growing at a CAGR of 13.1% during the forecast period. Hub motors, which are integrated directly into the wheel of electric two-wheelers, offer several advantages such as simplified powertrain architecture, improved efficiency, and reduced maintenance, making them highly sought after in electric vehicles (EVs). With increasing awareness regarding environmental sustainability and the rising adoption of electric scooters and motorcycles, the demand for hub motors is set to surge.

Drivers:

Surge in Electric Two-Wheeler Sales: As countries worldwide implement stricter emission regulations and promote electric vehicle adoption, the demand for electric two-wheelers has significantly increased. Hub motors are essential components in these vehicles, offering high efficiency and compactness.

Technological Advancements in Hub Motors: Continuous innovations in motor design, materials, and manufacturing techniques have led to the development of high-performance hub motors, which provide better torque and energy efficiency. These advancements are driving the adoption of hub motors in electric two-wheelers.

Restraints:

High Initial Costs: The high cost of hub motors compared to conventional motors can act as a barrier for manufacturers and consumers, particularly in developing regions where affordability is a major concern.

Limited Range of Electric Two-Wheelers: Despite improvements in battery technology, the range of electric two-wheelers is still a limiting factor, which can affect the broader adoption of hub motors.

Opportunity:

Expansion in Emerging Markets: With rising fuel prices and increasing awareness about electric mobility, emerging markets such as India and Southeast Asia present significant growth opportunities for hub motor manufacturers. The large population and growing two-wheeler sales in these regions create a favorable market environment.

Market by System Type Insights: The Brushless DC (BLDC) Hub Motor segment is expected to dominate the market during the forecast period. BLDC hub motors offer advantages such as higher efficiency, lower maintenance, and longer lifespan compared to brushed motors. These motors are widely used in electric two-wheelers due to their superior performance and reliability.

Market by End-use Insights: The Electric Scooters segment accounted for the largest market share in 2023, driven by the increasing adoption of electric scooters in urban areas for personal transportation. Electric motorcycles are also gaining popularity, especially in developed markets, where consumers are looking for high-performance electric alternatives.

Market by Regional Insights: Asia-Pacific holds the largest market share in the two-wheeler hub motors market, primarily due to the high sales of electric two-wheelers in countries like China and India. The region is expected to continue its dominance during the forecast period, supported by government initiatives promoting electric mobility and investments in EV infrastructure. North America and Europe are also witnessing significant growth, driven by increasing environmental awareness and the expansion of electric two-wheeler manufacturers.

Competitive Scenario: Key players in the Global Two Wheeler Hub Motors Market include Bosch, QS Motor, NTN Corporation, Schaeffler Group, ZF Friedrichshafen AG, MAC Motor, and Jiangsu Xinri E-Vehicle Co., Ltd. These companies are focusing on product innovation, mergers and acquisitions, and strategic partnerships to strengthen their market position. Recent developments include Bosch's introduction of its high-performance hub motor for electric motorcycles and QS Motor's expansion into new regions with advanced hub motor solutions.

Scope of Work – Global Two Wheeler Hub Motors Market

Key Market Developments:

In 2023, Bosch launched a new high-performance hub motor designed for electric motorcycles, aimed at improving efficiency and torque output.

QS Motor expanded its production facilities in 2024 to meet the growing demand for electric hub motors in Asia and Europe, focusing on advanced motor technologies for two-wheelers.

In 2025, Schaeffler Group announced a strategic partnership with a leading electric scooter manufacturer to integrate its latest hub motor technology into upcoming electric models.

FAQs:

What is the current market size of the Global Two Wheeler Hub Motors Market? The Global Two Wheeler Hub Motors Market was valued at USD 3.1 billion in 2023.

What is the major growth driver of the Global Two Wheeler Hub Motors Market? The major growth driver is the increasing adoption of electric two-wheelers and advancements in hub motor technology.

Which is the largest region during the forecast period in the Global Two Wheeler Hub Motors Market? Asia-Pacific is the largest region, driven by the high adoption of electric two-wheelers in countries like China and India.

Which segment accounted for the largest market share in the Global Two Wheeler Hub Motors Market? The Electric Scooters segment accounted for the largest market share in 2023.

Who are the key market players in the Global Two Wheeler Hub Motors Market? Key market players include Bosch, QS Motor, NTN Corporation, Schaeffler Group, and ZF Friedrichshafen AG.