United Kingdom Electric Vehicle (EV) Hub Motor Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Car, Light Commercial Vehicle, and Others), By Power Output (Below 1000W, 1001-3000W, and Above 3000W), and United Kingdom Electric Vehicle (EV) Hub Motor Market Insights, Industry Trend, Forecasts to 2035
Industry: Automotive & TransportationUnited Kingdom Electric Vehicle (EV) Hub Motor Market Insights Forecasts to 2035
- The United Kingdom Electric Vehicle (EV) Hub Motor Market Size was estimated at USD 1,411.03 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 12.01% from 2025 to 2035
- The United Kingdom Electric Vehicle (EV) Hub Motor Market Size is Expected to Reach USD 4,912.04 Million by 2035
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According to a research report published by Spherical Insights & Consulting, the United Kingdom Electric Vehicle (EV) Hub Motor Market is anticipated to reach USD 4,912.04 million by 2035, growing at a CAGR of 12.01% from 2025 to 2035. The increased demand for compact and efficient powertrains, government incentives for clean transportation, motor technology improvements, the adoption of EVs, and expanding investments in sustainable mobility solutions.
Market Overview
The United Kingdom electric vehicle (EV) hub motor market refers to the industry focused on the development and deployment of hub motors, which are miniature electric motors built into the wheel hubs of electric cars. Direct driving from these motors improves performance, lowers mechanical complexity, and increases vehicle efficiency. The growing demand for environmentally friendly transportation and developments in electric mobility technologies are driving the market for hub motors used in passenger EVs, commercial electric vehicles, and two-wheelers. Government support for electric vehicles and stricter emission standards is growing. The market for effective hub motors is growing as consumers embrace electric two-wheelers and passenger cars. Technological developments in battery integration and motor design offer opportunities for creativity. More investments in environmentally friendly transportation and growing charging infrastructure also foster an environment that is conducive to market expansion and the creation of new products. Increased motor efficiency through optimized magnetic designs, improved warmth management systems, and innovative lightweight materials. Real-time monitoring is made possible by integration with smart sensors and the Internet of Things, which improves electric vehicle efficiency and dependability.
Report Coverage
This research report categorizes the market for the United Kingdom electric vehicle (EV) hub motor market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Kingdom electric vehicle (EV) hub motor market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Kingdom electric vehicle (EV) hub motor market.
United Kingdom Electric Vehicle (EV) Hub Motor Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 1,411.03 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 12.01% |
2035 Value Projection: | USD 4,912.04 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 116 |
Segments covered: | By Vehicle Type, By Power Output and COVID-19 Impact Analysis |
Companies covered:: | Elaphe Propulsion Technologies, Bonfiglioli Riduttori S.p.A., YASA Limited, Siemens AG, e-Traction B.V., Hyundai Mobis, Printed Motor Works, Magnetic Systems Technology, Others. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis. |
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Driving Factors
The increasing consciousness of environmental issues and government initiatives to support clean energy and lower carbon emissions. Hub motors, which provide advantages including lighter weight, improved energy efficiency, and simpler drivetrain design, are becoming more and more popular as a result of growing consumer demand for electric vehicles, particularly small and efficient models. Technological developments in manufacturing procedures, battery integration, and motor performance also support the market's expansion. Furthermore, the development and rollout of EVs with hub motor technology in the UK are accelerated by growing charging infrastructure and increased investments from automakers and entrepreneurs.
Restraining Factors
The high manufacturing costs, a lack of charging infrastructure in some places, and issues with heat management and motor reliability. Rapid market adoption and expansion can also be hampered by regulatory uncertainty around new technologies and competition from conventional electric drivetrains.
Market Segmentation
The United Kingdom electric vehicle (EV) hub motor market share is classified into vehicle type and power output.
- The two-wheeler segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period
The United Kingdom electric vehicle (EV) hub motor market is segmented by vehicle type into two-wheeler, three-wheeler, passenger car, light commercial vehicle, and others. Among these, the two-wheeler segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth can be attributed to growing environmental consciousness, government incentives, and urban congestion. Demand is increased by the economical, effective, and environmentally friendly transportation that electric scooters and motorbikes offer, particularly in congested and constrained urban areas.
- The 1001-3000W segment accounted for the largest revenue in 2024 and is expected to grow at a significant CAGR during the forecast period
The United Kingdom electric vehicle (EV) hub motor market is segmented by power output into below 1000W, 1001-3000W, and above 3000W. Among these, the 1001-3000W segment accounted for the largest revenue in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by increasing demand for compact urban EVs, three-wheelers, and electric motorbikes. This market is growing rapidly due to advancements in motor technology and the demand for balanced, effective power systems.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom electric vehicle (EV) hub motor market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Elaphe Propulsion Technologies
- Bonfiglioli Riduttori S.p.A.
- YASA Limited
- Siemens AG
- e-Traction B.V.
- Hyundai Mobis
- Printed Motor Works
- Magnetic Systems Technology
- Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at UK, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom electric vehicle (EV) hub motor market based on the below-mentioned segments:
United Kingdom Electric Vehicle (EV) Hub Motor Market, By Vehicle Type
- Two-Wheeler
- Three-Wheeler
- Passenger Car
- Light Commercial Vehicle
- Others
United Kingdom Electric Vehicle (EV) Hub Motor Market, By Power Output
- Below 1000W
- 1001-3000W
- Above 3000W
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