| Product Code: ETC5881137 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, El Salvador saw a shift in the concentration of hub motor imports, moving from high concentration in 2023 to a more moderate level. The top exporting countries to El Salvador in 2024 were China, USA, Mexico, Italy, and Germany, indicating a diverse source of supply. Despite a slight decline in the growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for hub motor imports in El Salvador from 2020 to 2024 remained impressive at 23.01%, suggesting a strong and growing market demand for these products in the country.

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 El Salvador Hub Motor Market Overview |
3.1 El Salvador Country Macro Economic Indicators |
3.2 El Salvador Hub Motor Market Revenues & Volume, 2021 & 2031F |
3.3 El Salvador Hub Motor Market - Industry Life Cycle |
3.4 El Salvador Hub Motor Market - Porter's Five Forces |
3.5 El Salvador Hub Motor Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.6 El Salvador Hub Motor Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.7 El Salvador Hub Motor Market Revenues & Volume Share, By Motor, 2021 & 2031F |
4 El Salvador Hub Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in El Salvador |
4.2.2 Government initiatives promoting the use of eco-friendly transportation solutions |
4.2.3 Growing awareness about the benefits of hub motors in electric vehicles |
4.3 Market Restraints |
4.3.1 High initial cost of hub motors compared to traditional combustion engines |
4.3.2 Limited charging infrastructure for electric vehicles in El Salvador |
4.3.3 Lack of skilled technicians for maintenance and repair of hub motors |
5 El Salvador Hub Motor Market Trends |
6 El Salvador Hub Motor Market Segmentations |
6.1 El Salvador Hub Motor Market, By Installation |
6.1.1 Overview and Analysis |
6.1.2 El Salvador Hub Motor Market Revenues & Volume, By Front, 2021-2031F |
6.1.3 El Salvador Hub Motor Market Revenues & Volume, By Rear, 2021-2031F |
6.2 El Salvador Hub Motor Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 El Salvador Hub Motor Market Revenues & Volume, By E-Bikes, 2021-2031F |
6.2.3 El Salvador Hub Motor Market Revenues & Volume, By E-Scooters/Mopeds, 2021-2031F |
6.2.4 El Salvador Hub Motor Market Revenues & Volume, By E-Motorcycles, 2021-2031F |
6.3 El Salvador Hub Motor Market, By Motor |
6.3.1 Overview and Analysis |
6.3.2 El Salvador Hub Motor Market Revenues & Volume, By Geared , 2021-2031F |
6.3.3 El Salvador Hub Motor Market Revenues & Volume, By Gearless, 2021-2031F |
7 El Salvador Hub Motor Market Import-Export Trade Statistics |
7.1 El Salvador Hub Motor Market Export to Major Countries |
7.2 El Salvador Hub Motor Market Imports from Major Countries |
8 El Salvador Hub Motor Market Key Performance Indicators |
8.1 Average miles driven per day by electric vehicles using hub motors |
8.2 Number of charging stations for electric vehicles in El Salvador |
8.3 Percentage of automotive workshops equipped to service hub motors |
9 El Salvador Hub Motor Market - Opportunity Assessment |
9.1 El Salvador Hub Motor Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.2 El Salvador Hub Motor Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.3 El Salvador Hub Motor Market Opportunity Assessment, By Motor, 2021 & 2031F |
10 El Salvador Hub Motor Market - Competitive Landscape |
10.1 El Salvador Hub Motor Market Revenue Share, By Companies, 2024 |
10.2 El Salvador Hub Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |