Middle East & Africa Hub Motor Market Size & Outlook
Related Markets
MEA hub motor market highlights
- The MEA hub motor market generated a revenue of USD 717.5 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, geared was the largest revenue generating motor type in 2023.
- Geared is the most lucrative motor type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 717.5 million |
| Market revenue in 2030 | USD 924.8 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Geared |
| Fastest growing segment | Geared |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Geared, Gearless |
| Key market players worldwide | NTN Corp, Schaeffler AG ADR, Bosch, Taizhou Quanshun Motor, Heinzmann |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.7% of the global hub motor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 4,618.4 million by 2030.
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Hub Motor Market Scope
Hub Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Heinzmann | View profile | 251-500 | Schönau, Baden-Wurttemberg, Germany, Europe | https://www.heinzmann.de |
| Taizhou Quanshun Motor | View profile | 51-100 | Luqiao, Zhejiang, China, Asia | https://www.cnqsmotor.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| Schaeffler AG ADR | View profile | 83362 | Industriestrasse 1-3, Herzogenaurach, BY, Germany, 91074 | https://www.schaeffler.com |
| NTN Corp | View profile | 23027 | 3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, Japan, 550-0003 | http://www.ntn.co.jp |
Middle East & Africa hub motor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hub motor market will help companies and investors design strategic landscapes.
Geared was the largest segment with a revenue share of 72.53% in 2023. Horizon Databook has segmented the Middle East & Africa hub motor market based on geared, gearless covering the revenue growth of each sub-segment from 2017 to 2030.
- Middle East & Africa Hub Motor Motor Type Outlook (Revenue, USD Million, 2017-2030)
- Geared
- Gearless
- Middle East & Africa Hub Motor Power Output Outlook (Revenue, USD Million, 2017-2030)
- Below 3 KW
- 3 - 5 KW
- 5-10 KW
- Above 10 Kw
- Middle East & Africa Hub Motor Installation Type Outlook (Revenue, USD Million, 2017-2030)
- Front Hub
- Rear Hub
- Both Front Hub Motor
- Both Rear Hub Motor
- Middle East & Africa Hub Motor Sales Channel Outlook (Revenue, USD Million, 2017-2030)
- OEM
- After Market
- Middle East & Africa Hub Motor Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- E-Bike
- E-Motorcycle
- E-Scooter
- Electric Passenger Vehicles
- Electric Utility Vehicles (incl. LCV)
- Electric Heavy-Duty Vehicles
- Others
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa hub motor market databook
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Our clientele includes a mix of hub motor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hub motor market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hub motor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA hub motor market size, by country, 2017-2030 (US$M)
Middle East & Africa Hub Motor Market Outlook Share, 2023 & 2030 (US$M)
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