| Product Code: ETC5881123 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Canada hub motor market experienced a negative Compound Annual Growth Rate (CAGR) of -34.29% from 2020 to 2024. However, in 2023-2024, there was a significant year-on-year growth rate of 31.50%. This increase in imports during 2023-2024 can be attributed to the positive growth trend observed in that period.

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 Canada Hub Motor Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Hub Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Canada Hub Motor Market - Industry Life Cycle |
3.4 Canada Hub Motor Market - Porter's Five Forces |
3.5 Canada Hub Motor Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.6 Canada Hub Motor Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.7 Canada Hub Motor Market Revenues & Volume Share, By Motor, 2021 & 2031F |
4 Canada Hub Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Canada |
4.2.2 Technological advancements in hub motor designs |
4.2.3 Government initiatives promoting clean energy and sustainable transportation |
4.3 Market Restraints |
4.3.1 High initial investment costs for hub motor systems |
4.3.2 Limited charging infrastructure for electric vehicles in Canada |
4.3.3 Competition from traditional internal combustion engine vehicles |
5 Canada Hub Motor Market Trends |
6 Canada Hub Motor Market Segmentations |
6.1 Canada Hub Motor Market, By Installation |
6.1.1 Overview and Analysis |
6.1.2 Canada Hub Motor Market Revenues & Volume, By Front, 2021-2031F |
6.1.3 Canada Hub Motor Market Revenues & Volume, By Rear, 2021-2031F |
6.2 Canada Hub Motor Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Canada Hub Motor Market Revenues & Volume, By E-Bikes, 2021-2031F |
6.2.3 Canada Hub Motor Market Revenues & Volume, By E-Scooters/Mopeds, 2021-2031F |
6.2.4 Canada Hub Motor Market Revenues & Volume, By E-Motorcycles, 2021-2031F |
6.3 Canada Hub Motor Market, By Motor |
6.3.1 Overview and Analysis |
6.3.2 Canada Hub Motor Market Revenues & Volume, By Geared , 2021-2031F |
6.3.3 Canada Hub Motor Market Revenues & Volume, By Gearless, 2021-2031F |
7 Canada Hub Motor Market Import-Export Trade Statistics |
7.1 Canada Hub Motor Market Export to Major Countries |
7.2 Canada Hub Motor Market Imports from Major Countries |
8 Canada Hub Motor Market Key Performance Indicators |
8.1 Average efficiency improvement of hub motor systems |
8.2 Adoption rate of electric vehicles in Canada |
8.3 Number of charging stations per capita |
9 Canada Hub Motor Market - Opportunity Assessment |
9.1 Canada Hub Motor Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.2 Canada Hub Motor Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.3 Canada Hub Motor Market Opportunity Assessment, By Motor, 2021 & 2031F |
10 Canada Hub Motor Market - Competitive Landscape |
10.1 Canada Hub Motor Market Revenue Share, By Companies, 2024 |
10.2 Canada 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.
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