The global Hub Motor Market is projected to grow at a CAGR of 5.03% during the forecast period to reach USD 11.17 billion by 2025 from an estimated USD 7.92 billion in 2018. The base year for the report is 2017, and the forecast period is from 2018 to 2025. The growth of the hub motor market is driven by increased performance, driving range, reliability, and provision for improved electric two-wheeler performance similar to ICE vehicles. Additionally, it can reduce vehicle ... Read more
Transparency Market Research has published a new report titled, “Hub Motor Market for EVs - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global hub motor market for EVs is anticipated to surpass US$ 1 Bn by 2026, expanding at a CAGR of more than 50% during the forecast period.