The global hub motor market is anticipated to grow at a moderate CAGR of 4.9% during the forecast period (2024-2031). Globally, with the growth in EV sales and rapid technological advancements such as Advanced Driver Assistance Systems (ADAS), companies are focusing on R&D and portfolio expansion which is driving overall demand for the hub motor market. For […]
Tag Archives: Hub Motor Market
Hub motor market is anticipated to grow at a moderate CAGR of 4.9% during the forecast period (2023-2030). The market is driven by the increasing demand for electric vehicles. As the electric vehicles sector is growing significantly, there is a growing focus on enhancing their efficiency, power, and overall performance. Hub motors which are primarily […]