The electric bicycle motors market is projected to grow at a CAGR of 9.2% by 2028. The global electric bicycle motors market was valued at US$1.5 billion in 2016 and it is anticipated to reach US$3.7 billion by 2028.
An electric bicycle motor is an electric device that turns the wheels of a vehicle. It's used in bicycles to give it extra power and speed.On the basis of Type, the market is segmented into Less Than 350W, 350W-750W, Above 750W.
These are the simplest of all e-bike systems, and as a result, they tend to be lighter. They also use less power than other types of bike motor so you'll get more range from your battery pack. One downside is that these motors will require some pedaling since their output isn't high enough to achieve the higher speeds without them
This type has really taken off in recent years because it offers increased performance with only moderate price tags.
The most powerful category of electric bikes around today, this system delivers top speeds comparable to those found on gas-powered scooters or motorcycles.
On the basis of Application, the market is segmented into online and offline. The online segment accounted for the highest market share in 2017, owing to their widespread usage. An increasing number of cycling enthusiasts across the globe have been driving demand for e-bike motors over the past few years. Demand has also been fueled by rising awareness about environmental pollution due to fossil fuel emissions from traditional vehicles. This trend will continue through 2018 when it is estimated that there will be more than 295 million EBs sold globally (excluding China).
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific dominated the global electric bicycle motors market with a dominant position across all segments in 2017. This is due to increasing demand from countries such as China and India. Middle Eastern And African region is anticipated to grow at a significant CAGR during the forecast period due to increasing demand for EBs from countries such as Saudi Arabia and UAE which are focusing on adopting green vehicles at an increased pace owing to rising population density and improving economy.
The global electric bicycle motors market is set to witness significant growth in the near future owing to factors such as growing awareness about environmental sustainability and new product launches. The demand for EBs will also increase due to increasing population density coupled with an improved economy, which has led to a rise in disposable income levels of consumers across regions.
The major challenges faced by the global electric bicycle motors market are high prices of power assist kits which can cost up to $300-$400 per kit or more if they are imported from China into North America; whereas locally sourced products may range between $100-$200 only depending on battery type used. There is also a lack of standardization in terms of brake systems that consumers would like to see when purchasing an EB - instead, it's just one lever for both breaking and gear changing functions - while there should be two separate levers.
Up Market Research published a new report titled “Electric Bicycle Motors Market research report which is segmented by Types (Less Than 350W, 350W-750W, Above 750W), By Applications (Online, Offline), By Players/Companies Bafang Electric, BionX International, Brose Fahrzeugteile, Continental, DAPU Motors, Derby Cycle Holding, J.D. Components, Nidec, Ortlinghaus-Werke, Panasonic, Bosch, Shimano, Suzhou Xiongda Electric Machine, TDCM, Yamaha Motors”.
Report Attributes | Report Details |
Report Title | Electric Bicycle Motors Market Research Report |
By Type | Less Than 350W, 350W-750W, Above 750W |
By Application | Online, Offline |
By Companies | Bafang Electric, BionX International, Brose Fahrzeugteile, Continental, DAPU Motors, Derby Cycle Holding, J.D. Components, Nidec, Ortlinghaus-Werke, Panasonic, Bosch, Shimano, Suzhou Xiongda Electric Machine, TDCM, Yamaha Motors |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 204 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Less Than 350W, 350W-750W, Above 750W and By Application Online, Offline.
Some of the companies that are profiled in this report are:
Electric Bicycle Motors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Electric Bicycle Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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