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Tag: Hub Motor Market Size

Hub Motor Market Forecast to Reach $10.3 Million by 2025

Press Release
The Global Hub Motor Market is forecast to reach $10.3 million by 2025, growing at a CAGR of 5.34% from 2020 to 2025. Higher vehicle performance along with rising adoption for electric vehicles is the major driving factors propelling the market demands for hub motors. Moreover, growing automobiles and high spending towards enhancing motor technologies have caused major shares in the Hub Motor market. Government initiatives towards reducing consumption of fossils have. Read More>>

Automotive Hub Motor Market Forecast to Reach $13.8 Billion by 2025 Growing at CAGR of 7.2% during 2020-2025

Press Release
Automotive Hub Motor Market is forecast to reach $13.8 billion by 2025 growing at a CAGR of 7.2% during 2020-2025. Increased demand for electric vehicles, stringent government rules for reducing fossil fuel vehicles are expected to accelerate the hub motor market during forecast period. For instance, countries like India and China planning to ban fossil fuel vehicles by 2030 and hence the demand for electric vehicles are likely to be. Read More>>

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