The hub motor market value is estimated to be US$ 11.3 billion in 2024. The popularity of electric vehicles (EVs) is rising steadily and is also encouraging the adoption of DIY hub motors for converting conventional bicycles into electric ones.
Sales of electric hub motors are predicted to grow at a CAGR of 6.4% during the forecast period. The global hub motor industry size is estimated to reach a value of US$ 21 billion by 2034.
Hub Motor Market Trends & Analysis
In keeping with the growing need for convenient and sustainable urban transportation, motorized wheel hubs have become essential components of electric scooters, bicycles, and many other micro-mobility solutions.
The demand for portable and lightweight electric mobility is increasing, fueling sales of brushless hub motors, which are built into bicycle wheels and are considered a small and room-saving option.
The development of hub motor conversion kits, including linked and intelligent features, is expected to further popularize the market in the coming days.
Report Attribute
Details
Hub Motor Market Size (2024)
US$ 11.3 billion
Anticipated Market Value (2034)
US$ 21 billion
Projected Growth Rate (2024 to 2034)
6.4% CAGR
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Historical Analysis of the Hub Motor Market Vs Forecast Outlook
The hub motor market was valued at US$ 7.7 billion in 2019. In the following five years, sales of hub motors increased at a CAGR of 8.1% annually.
EV incentives provided by governments in many developing economies also played a significant role in the development of the two-wheeler hub motor market during the historical period. By 2023, the net worth of total hub motors sold globally was US$ 10.5 billion.
Attributes
Details
Hub Motor Market Value (2019)
US$ 7.7 billion
Historical Market Revenue (2023)
US$ 10.5 billion
Historical CAGR (2019 to 2023)
8.1% CAGR
Prominent Factors Influencing the Global Hub Motor Market Growth
To fulfill the rising demand for electric mobility, automotive manufacturers are encouraged by national and international organizations. A significant share of this aid is earmarked to be invested in hub motor technology with supportive regulations and incentives in progressive countries.
Constant improvements in hub motor efficiency due to high power density battery technology are expected to popularize the in-hub electric propulsion systems. However, limited sources of lithium and the rising cost of lead-acid batteries are anticipated to be a possible hindrance in the coming days.
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Comparative View of Adjacent Markets
The section below presents a comparative view of some other markets that are believed to have an influence on the hub motor market. For instance, the expansion of the electric two-wheeler MRO market is likely to encourage higher adoption of hub motors. Likewise, developments in the smart motor market are expected to speed up the advancement of hub motors.
Hub Motor Market:
Attributes
Hub Motor Market
CAGR (2024 to 2034)
6.4%
Growth Factor
The market for hub motors for bicycles has grown as a result of the growing popularity of electric cars.
Market Opportunity
Technological advancements for making compact and light hub motor designs.
Market Challenge
Limitations on the top speed of unlicensed vehicles equipped with hub motors are anticipated to limit the market growth rate.
Electric Two Wheeler MRO Market:
Attributes
Electric Two Wheeler MRO Market
CAGR (2024 to 2034)
4.3%
Growth Factor
The general trend is changing rapidly as fuel prices climb in favor of electric mobility.
Market Opportunity
Many nations have begun to take part in the worldwide push for all-electric automobiles.
Market Challenge
Market’s growth trajectory is likely to be hampered by the inadequate monitoring measures over intermediary MRO service providers.
Smart Motor Market:
Attributes
Smart Motor Market
CAGR (2024 to 2034)
5.2%
Growth Factor
Energy-saving imperatives in industries are aided by the use of smart motor controllers in automation operations.
Market Opportunity
Smart motors are integrated into renewable energy systems for improved control, efficiency, and smooth interaction with smart grids.
Market Challenge
Compatibility issues while integrating smart motor technology into outdated or conventional systems.
Country-wise Insights
The table below lists five countries that are expected to be frontrunners in sales of hub motors for mobility scooters.
Regional Market Comparison
CAGR (2024 to 2034)
United States
6.7%
Japan
7.9%
United Kingdom
7.5%
South Korea
8.5%
China
6.9%
Higher Research and Development Investments by Manufacturers of Hub Motors in the United States
The United States hub motor market is likely to advance at a rate of 6.7% from 2024 to 2034. The net worth of this regional market is forecasted to reach US$ 3.7 billion by 2034.
Some of the prominent reasons that are expected to retain the dominance of the United States in the global market include:
Technological progress in geared hub motors and battery materials by market players.
Technological developments in the market have helped in the creation of more effective and long-range electric cars.
Powerful hub motors with smart features improve the entire user experience and are anticipated to meet the expectations of consumers in the United States.
Strong Environmental Laws Driving Hub Motor Sales in the United Kingdom
Sales of hub motors in the United Kingdom are likely to rise at a 7.5% CAGR from 2024 to 2034. The net worth of the United Kingdom market is expected to reach US$ 835.8 million by 2034.
Key factors that are propelling sales of hub motors in the country include:
The popularity of e-scooters and e-bikes is growing rapidly in many European countries after the fuel price hike.
Environmental sustainability objectives incorporates and educational institute campuses have increased the adoption of hub motors for electric skateboards.
Growing demand for connected and intelligent electric personal mobility solutions drives hub motor e-scooter sales.
Expanding Electronics Sector Bolstering Motorcycle Hub Motor Market in China
The production of hub motors in China is expected to surge at a CAGR of 6.9% through 2034. The net worth of the hub motor industry in the country is forecasted to reach US$ 3.3 billion by 2034.
Key reasons for the dominance of China in the Asian market include:
The quest for economical and efficient mobility is driving up the demand for electric scooter hub motors as average incomes are on the rise in China.
Financial incentives for the rural people from the government to buy electric mobility solutions.
Chinese manufacturers are focusing on the creation of hub motors with built-in electronics to improve communication and control.
Focus of Japanese Manufacturers on Reducing the Price of Hub Motors
The demand for e-bike hub motors in Japan is expected to rise at a CAGR of 7.9% over the forecast period. The market value is anticipated to reach US$ 2.3 billion by 2034.
Prominent factors fueling hub motor sales and supply in Japan include:
A greater focus on electric hub motors and motorized wheel hub drive solutions for urban mobility.
High-torque hub motors are more popular as they require less maintenance with fewer moving gears.
By using innovative and lightweight materials, Japanese manufacturers are increasing the appeal of hub motors in the country.
Popularity of Hub Motors Designed for Noise Reduction in South Korea
The demand for hub motors in South Korea is expected to rise at a lucrative rate of 8.5% through 2034. This regional industry value is projected to reach US$ 1.4 billion by 2034.
Key factors driving sales of in-wheel hub motors in South Korea include:
South Korean government is promoting greater personal mobility solutions like two-wheelers and three wheelers with hub motor systems.
Because of their high performance and compact design, hub motors are the favored alternative for many electric vehicle enthusiasts.
The increasing acceptance of micro-mobility solutions as a noise reduction method in Korean cities.
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Category-wise Insights
Higher Demand for Pedelecs than Electric Scooters and Motorcycles
Attributes
Details
Top Product Type
Pedelecs
CAGR (2024 to 2034)
6.2%
CAGR (2019 to 2023)
7.9%
Based on the product type, the pedelecs segment is more popular than other types of direct-drive hub motors. This segment is likely to grow at a CAGR of 6.2% from 2024 to 2034. Key reasons driving the segment’s growth are:
The dominance of electric two-wheelers is driving sales of hub motors for bicycles or pedelecs.
Growing knowledge of practicality as well as the health advantages of hub motor-based pedelecs.
OEMs Drive Higher Sales of Hub Motors
Attributes
Details
Top Sales Channel Type
Original Equipment Manufacturer (OEM)
CAGR from 2024 to 2034
6%
CAGR from 2019 to 2023
7.7%
Based on the sales channel, original equipment manufacturers currently achieve more sales of in-wheel motors than other segments. Sales of in-wheel hub motors through OEMs are expected to register a CAGR of 6% from 2024 to 2034.
Customers mostly prefer original equipment manufacturers who concentrate on providing hub motor kits and warranty time periods.
E-bike companies that maintain the hub motor specifications and performance also go with OEMS to retain their competitiveness in the market.
Competitive Landscape
The overall competition in the wheel hub motor market intensified only in the last few years. The rising number of industrial equipment manufacturers entering this sector can be attributed to the vital role that hub motors play in electric bikes and scooters.
On the other hand, exclusive hub motor manufacturers can benefit from partnerships with electric vehicle makers, having the potential for mass manufacturing and distribution.
Recent Developments
In February 2023, FLASH established a technological partnership with the European electric vehicle (EV) manufacturing company GEM Motors. Flash is a technology provider and producer of electronic components and aims to strengthen its electric vehicle production capabilities even further with this collaboration. The two firms also aim to produce hub motors for several categories of electric cars, and FLASH hopes to provide customization choices with a power range of 1 kW to 15 kW.
In August 2023, Biketec's FIT system and German car supplier Hirschvogel Holding GmbH, better known as Hirschvogel Automotive Group, collaborated to introduce hub motor technology. This partnership is anticipated to strengthen the European e-bike hub motor market through the forecast years.
Key Players
Elaphe Propulsion Technologies Ltd.
QS Motor
TDCM
Robert Bosch GmbH
MAC Shanghai Electric Motor Company Ltd.
Hub Motor Market Report Scope
Attribute
Details
Estimated Market Size (2024)
US$ 11.3 billion
Projected Market Size (2034)
US$ 21 billion
Anticipated Growth Rate (2024 to 2034)
6.4%
Forecast Period
2024 to 2034
Historical Data Available for
2019 to 2023
Market Analysis
US$ million or billion for Value and Units for Volume
Key Regions Covered
North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered
By Product Type, By Hub Position, By Sales Channel, and By Region
Key Companies Profiled
Elaphe Propulsion Technologies Ltd.
QS Motor
TDCM
Robert Bosch GmbH
MAC Shanghai Electric Motor Company Ltd.
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Key Segments Covered by Hub Motor Industry Survey Report
By Product Type:
Pedelecs
Throttle on Demand
Scooter or Motorcycle
By Hub Position:
Front Hub Motor
Rear Hub Motor
By Sales Channel:
Original Equipment Manufacturer (OEM)
Aftermarket
By Region:
North America Market
Latin America Market
Europe Market
East Asia Market
South Asia and Pacific Market
Middle East and Africa (MEA) Market
Frequently Asked Questions
How Big is the Hub Motor Market in 2024?
The hub motor market is estimated to be around US$ 11.3 billion in 2024.
What is the Growth Outlook of the Market?
The market is set to grow at a 6.4% CAGR over the forecast period.
What is the Projected Value of the Market by 2033?
The market is predicted to be valued at US$ 21 billion by 2034.
What was the Historical Size of the Market?
The market was valued at US$ 7.7 billion in 2019.
Which Country Dominates the Global Hub Motor Market?
The United States accounts for nearly 18% of the revenue share of the global market.
Which Regional Market is Expected to Lead Over the Forecast Period?
South Korea is predicted to witness a CAGR of 8.5% through 2034.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
5.3.1. Pedelecs
5.3.2. Throttle on Demand
5.3.3. Scooter or Motorcycle
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2024 to 2034
6.3.1. Original equipment manufacturer (OEM)
6.3.2. Aftermarket
6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Position
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Position, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Position, 2024 to 2034
7.3.1. Front Hub Motor
7.3.2. Rear Hub Motor
7.4. Y-o-Y Growth Trend Analysis By Position, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Position, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Product Type
9.2.3. By Sales Channel
9.2.4. By Position
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Sales Channel
9.3.4. By Position
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Rest of Latin America
10.2.2. By Product Type
10.2.3. By Sales Channel
10.2.4. By Position
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Sales Channel
10.3.4. By Position
10.4. Key Takeaways
11. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. UK
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Product Type
11.2.3. By Sales Channel
11.2.4. By Position
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Sales Channel
11.3.4. By Position
11.4. Key Takeaways
12. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Product Type
12.2.3. By Sales Channel
12.2.4. By Position
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By Sales Channel
12.3.4. By Position
12.4. Key Takeaways
13. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Product Type
13.2.3. By Sales Channel
13.2.4. By Position
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Type
13.3.3. By Sales Channel
13.3.4. By Position
13.4. Key Takeaways
14. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Product Type
14.2.3. By Sales Channel
14.2.4. By Position
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product Type
14.3.3. By Sales Channel
14.3.4. By Position
14.4. Key Takeaways
15. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC
15.2.1.2. Rest of MEA
15.2.2. By Product Type
15.2.3. By Sales Channel
15.2.4. By Position
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Product Type
15.3.3. By Sales Channel
15.3.4. By Position
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Product Type
16.1.2.2. By Sales Channel
16.1.2.3. By Position
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Product Type
16.2.2.2. By Sales Channel
16.2.2.3. By Position
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Product Type
16.3.2.2. By Sales Channel
16.3.2.3. By Position
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Product Type
16.4.2.2. By Sales Channel
16.4.2.3. By Position
16.5. Argentina
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Product Type
16.5.2.2. By Sales Channel
16.5.2.3. By Position
16.6. Germany
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Product Type
16.6.2.2. By Sales Channel
16.6.2.3. By Position
16.7. Italy
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Product Type
16.7.2.2. By Sales Channel
16.7.2.3. By Position
16.8. France
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Product Type
16.8.2.2. By Sales Channel
16.8.2.3. By Position
16.9. UK
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Product Type
16.9.2.2. By Sales Channel
16.9.2.3. By Position
16.10. Spain
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Product Type
16.10.2.2. By Sales Channel
16.10.2.3. By Position
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Product Type
16.11.2.2. By Sales Channel
16.11.2.3. By Position
16.12. BENELUX
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Product Type
16.12.2.2. By Sales Channel
16.12.2.3. By Position
16.13. China
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Product Type
16.13.2.2. By Sales Channel
16.13.2.3. By Position
16.14. Japan
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Product Type
16.14.2.2. By Sales Channel
16.14.2.3. By Position
16.15. South Korea
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Product Type
16.15.2.2. By Sales Channel
16.15.2.3. By Position
16.16. India
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Product Type
16.16.2.2. By Sales Channel
16.16.2.3. By Position
16.17. Thailand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Product Type
16.17.2.2. By Sales Channel
16.17.2.3. By Position
16.18. Malaysia
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Product Type
16.18.2.2. By Sales Channel
16.18.2.3. By Position
16.19. Indonesia
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Product Type
16.19.2.2. By Sales Channel
16.19.2.3. By Position
16.20. Australia
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Product Type
16.20.2.2. By Sales Channel
16.20.2.3. By Position
16.21. New Zealand
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Product Type
16.21.2.2. By Sales Channel
16.21.2.3. By Position
16.22. GCC Countries
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Product Type
16.22.2.2. By Sales Channel
16.22.2.3. By Position
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Product Type
17.3.3. By Sales Channel
17.3.4. By Position
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Elaphe Propulsion Technologies Ltd
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. QS Motor
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. TDCM
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Robert Bosch GmbH
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. MAC Shanghai Electric Motor Company Ltd
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. HYUNDAI MOBIS
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Schaeffler technologies AG & CO. KG
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. NTN Corporation
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Accell Group
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Siemens AG
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used20. Research Methodology
