Hub Motor Market Report 2026

The hub motor market size has grown strongly in recent years. It will grow from $13.97 billion in 2025 to $14.69 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth of electric two wheelers, demand for simplified drivetrains, early adoption in e bikes, advancements in motor controllers, urban mobility expansion.

The hub motor market size is expected to see steady growth in the next few years. It will grow to $17.72 billion in 2030 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to growth of electric passenger vehicles, demand for low maintenance propulsion, advancements in motor materials, expansion of micro mobility solutions, rising electrification mandates. Major trends in the forecast period include growing adoption in lightweight electric vehicles, increasing demand for direct drive systems, rising focus on compact powertrain design, expansion of high torque hub motors, improvement in energy efficiency performance.

The growing demand for electric vehicles is expected to drive the growth of the hub motor market going forward. Electric vehicles (EVs) are automobiles powered wholly or partially by electricity stored in rechargeable batteries rather than internal combustion engines. This rising demand is supported by technological advancements, government incentives, environmental awareness, improvements in battery technology, and increasing consumer preference for eco-friendly transportation. Hub motors play a key role by enabling efficient and compact integration of electric propulsion systems, enhancing performance and range, and reducing space and weight requirements. For instance, in April 2024, according to the International Energy Agency, a France-based autonomous organization, nearly 14 million new electric cars were registered globally in 2023, bringing the total number of EVs on the road to 40 million. The 2023 edition of the Global EV Outlook (GEVO-2023) reported a 3.5 million increase from 2022, marking a 35% year-on-year rise, with electric cars accounting for around 18% of all cars sold in 2023, up from 14% in 2022. Therefore, the rising demand for electric vehicles is boosting the hub motor market.

Leading companies in the hub motor market are innovating with products such as electric bicycle (e-bike) hub motor systems, which enhance performance across various terrains with efficiency and advanced features. E-bike hub motor systems integrate propulsion units within the bicycle hub, providing electric assistance to pedal-powered bicycles. For instance, in June 2024, MAHLE SmartBike Systems launched the MAHLE X30 drive system, featuring a powerful 45 Nm torque hub motor weighing only 1.9 kg. This system offers up to 190 km of range on a single charge, enhanced efficiency, and seamless integration with MAHLE's digital ecosystem and adaptive AI-driven assistance. These features make it a competitive choice for e-bike manufacturers seeking high-performance, customizable solutions in the hub motor market.

In March 2024, Hyena E-Bike Systems, a Taiwan-based e-bike systems manufacturer, partnered with MicroSHIFT to integrate MicroSHIFT’s electronic shifting technology into Hyena’s drive systems. This collaboration aims to enable seamless electronically controlled gear shifting powered directly by the e-bike’s drive unit, improving performance and efficiency, enhancing rider convenience by eliminating separate shift controls or batteries, and supporting scalable, cost-effective integration for broader e-bike adoption. MicroSHIFT is a Taiwan-based bicycle components company specializing in electronic shifting systems.

Major companies operating in the hub motor market report include Robert Bosch GmbH, Siemens AG, Schaeffler AG, NSK Ltd., NTN Corporation, Accell Group, ZIEHL-ABEGG, Kolektor, Elaphe Propulsion Technologies Ltd., Heinzmann GmbH & Co. KG, TDCM, Evans Electric, Leaf Motor, Printed Motor Works, QS MOTOR LTD, Tajima Motor Corporation, Auto Forest, Boom Motors, VR ENGINEERS, CHANGZHOU MXUS IMP& EXP CO. LTD, Leaf Bike.

Asia-Pacific was the largest region in the hub motor market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hub motor market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hub motor market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hub motor market consists of sales of electric skateboards, electric wheelchairs, electric unicycles, electric rollerblades, and electric kick scooters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.