In vehicles with in-wheel motor, the hub motors are mounted close to the drive wheels that revolve the wheels through enormously small drive shaft, which results in the zero-time lag. As the duration lag with this system is zero, motor powers are communicated to the wheel suddenly and offer a very specific control over the wheel. In addition, the left and right wheels are propelled by the separated motors owing to which the torque for each wheel can be measured independently.
According to the report analysis, ‘Hub Motor Market by Product (Pedelecs, Throttle on Demand, and Scooter or Motorcycle), Sales Channel (OEM and Aftermarket), and Position (Front Hub Motor and Rear Hub Motor): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the Hub motor market there are several corporates which presently operating more effectively for leading the highest market growth and registering the handsome value of market share around the globe over the short span of time while implementing the profitable strategies, analyzing and studying the strategies and policies of the government and competitors, advancing the features of hub motor, spreading the awareness related to the hub motor, decreasing the linked prices, delivering the better consumer satisfaction, employing the young work force, increasing the applications of the hub motor and augmenting the specifications of the production technologies includes Schaeffler technologies AG & CO. KG, Robert Bosch GmbH, Hyundai Mobis, Siemens AG, QS Motor, Elaphe Propulsion Technologies Ltd., NTN Corporation, TDCM, MAC Shanghai Electric Motor Company Ltd, Accell Group and several others.
At present, the players operating in the present hub motor market scenario are primarily employed in addressing the restrictions of the hub motor to augment its implementation. The entrance of powered-internal combustion engines (ICEs) has progressively replaced hub motors owing to which, the market growth could possibly slow down throughout the assessment duration. Continual struggles are being made to decrease price, pollution, and environment-friendly hub motors to fascinate a larger consumer base.
Not only has this, owing to increasing environmental concerns, the requirement for electric vehicles have augmented at an impressive rate across the globe. At the back of increasing consumer interest for electric vehicles, the worldwide hub motor market is projected to observe considerable growth. The implementation for hub motors in the electric vehicles space is projected to remain one of the foremost drivers of market growth throughout the assessment period. Over the past few years, electric unicycles have gathered considerable acceptance across the personal transportation segment. In addition, electric unicycles are progressively being utilized as a feasible solution to address last mile transportation encounters.
The implementation of the hub motors to manufacture electric unicycles has augmented at a dependable pace over the past couple of years and the trend is projected to continue throughout the forecast period– aspects that are likely to boost market growth. While the requirement for hub motors to develop electric unicycles is on the increase, the demand for hub motors to produce the electric bikes is increasing. Therefore, in the coming years, it is predicted that the market of hub motor will increase around the globe more effectively over the upcoming duration.
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Ankur Gupta, Head Marketing & Communications