- Hub motors are the type of motor power generators that are installed on the wheels of the vehicles and are used for the improvement in effectiveness and performance of the vehicles.
- They are installed on the wheels of the electric vehicles so that the load on the engine can be reduced and the performance of the vehicle is enhanced.
- Asia-Pacific leads the hub motor market because of introduction of hub motor with innovative and enhanced features such as high torque density and high power within this particular region
- Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the launch of new generation hub motors with advanced features in this region
- E-Bikes segment is expected to dominate the market with a market share of 58.13% due to its growing popularity for eco-friendly transportation, cost-efficiency, and increasing government support for green mobility solutions.
