| Product Code: ETC5881119 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of hub motors to Bulgaria saw a significant increase in concentration in 2024, with top exporting countries being Hungary, Japan, China, Taiwan, Province of China, and Germany. Despite a decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained positive at 4.09%. This indicates a steady expansion of the Market Top 5 Importing Countries and Market Competition (HHI) Analysis over the years, with a high level of concentration among the top exporting countries, suggesting a competitive landscape in the Bulgarian hub motor Market Top 5 Importing Countries and Market Competition (HHI) Analysis .

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bulgaria Hub Motor Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Hub Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Hub Motor Market - Industry Life Cycle |
3.4 Bulgaria Hub Motor Market - Porter's Five Forces |
3.5 Bulgaria Hub Motor Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.6 Bulgaria Hub Motor Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.7 Bulgaria Hub Motor Market Revenues & Volume Share, By Motor, 2021 & 2031F |
4 Bulgaria Hub Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric bicycles and scooters in Bulgaria |
4.2.2 Government initiatives promoting the use of electric vehicles |
4.2.3 Growing awareness about environmental sustainability and energy efficiency |
4.3 Market Restraints |
4.3.1 High initial cost of hub motors compared to traditional engines |
4.3.2 Lack of charging infrastructure for electric vehicles |
4.3.3 Limited range and speed capabilities of current hub motor technology |
5 Bulgaria Hub Motor Market Trends |
6 Bulgaria Hub Motor Market Segmentations |
6.1 Bulgaria Hub Motor Market, By Installation |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Hub Motor Market Revenues & Volume, By Front, 2021-2031F |
6.1.3 Bulgaria Hub Motor Market Revenues & Volume, By Rear, 2021-2031F |
6.2 Bulgaria Hub Motor Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Hub Motor Market Revenues & Volume, By E-Bikes, 2021-2031F |
6.2.3 Bulgaria Hub Motor Market Revenues & Volume, By E-Scooters/Mopeds, 2021-2031F |
6.2.4 Bulgaria Hub Motor Market Revenues & Volume, By E-Motorcycles, 2021-2031F |
6.3 Bulgaria Hub Motor Market, By Motor |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Hub Motor Market Revenues & Volume, By Geared , 2021-2031F |
6.3.3 Bulgaria Hub Motor Market Revenues & Volume, By Gearless, 2021-2031F |
7 Bulgaria Hub Motor Market Import-Export Trade Statistics |
7.1 Bulgaria Hub Motor Market Export to Major Countries |
7.2 Bulgaria Hub Motor Market Imports from Major Countries |
8 Bulgaria Hub Motor Market Key Performance Indicators |
8.1 Average distance covered per charge by electric vehicles using hub motors |
8.2 Percentage increase in the number of electric bicycles and scooters in Bulgaria |
8.3 Number of charging stations for electric vehicles in key cities |
9 Bulgaria Hub Motor Market - Opportunity Assessment |
9.1 Bulgaria Hub Motor Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.2 Bulgaria Hub Motor Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.3 Bulgaria Hub Motor Market Opportunity Assessment, By Motor, 2021 & 2031F |
10 Bulgaria Hub Motor Market - Competitive Landscape |
10.1 Bulgaria Hub Motor Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Hub Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here