Europe E-Bike Hub Motor Market

The e-bike hub motor market is expected to gain market growth in the forecast period of 2021 to 2030. Data Bridge Market Research analyses that the market is growing with the CAGR of 10.5% in the forecast period of 2021 to 2030 and expected to reach USD 1,071.72 million by 2030. The rapid adoption of e-bikes to reach their destination by avoiding any delay due to high traffic is acting as a major factor which is driving the growth of e-bike hub motor market.

A hub motor is referred to an electric motor which is installed in the hub of the wheel. In this, instead of integrating the motors into the bicycle drivetrain, the hub motors are completely separated where electricity is run through copper wires for creating electromagnets, thus creating a force and rotating the hub backward and forward.