Electric Motorcycle Hub Motor Market
Electric Motorcycle Hub Motor Market Size and Growth
The Electric Motorcycle Hub Motor market is experiencing significant growth, driven by rising demand for eco-friendly transportation. The global market size reached approximately $450 million in 2023, with projections indicating steady expansion due to advances in battery technology and increasing adoption of electric vehicles across various regions.
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Companies Covered
(Covid 19 Impact Covered)
◍ Nidec
◍ Zhejiang Jiuzhou New Energy Technology
◍ Ānanda
◍ Bosch
◍ Bafang
◍ Yamaha
◍ Realland Technology
The electric motorcycle hub motor market is competitive, featuring companies like Nidec, Zhejiang Jiuzhou, Ānanda, Bosch, Bafang, and Yamaha. These firms innovate and enhance motor efficiency, expanding market reach. Their collective advancements contribute to market growth through improved product offerings and increasing consumer awareness of electric motorcycles. Sales figures include:
- Nidec: $16 billion (2022)
- Bosch Mobility Solutions: €47 billion (2021)
- Yamaha Motor: ¥1.6 trillion (2022)
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Market Segmentation
By Application
OEM
Aftermarket
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By Product
Below 2kW
2-4kW
4kW or More
Market Growth
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$ X Billion USD
