Hub Motor Market by Installation, Vehicle, Motor and Region – 2025
According to MarketsandMarkets analysis, the Hub Motor Market, by volume, is estimated to reach 34,108,181 units in 2018, and this number is projected to grow at a CAGR of 6.79% during the forecast period. The major factors driving this growth are increasing electric two wheelers sales, investments by OEMs, and hub motor providers.
Improved vehicle performance efficiency, high torque, increased power,...