Electric bicycle motors market to reach $8,500 million worldwide by 2025
The global electric bicycle motors market was estimated to be valued at $5,200 million in 2017 and is expected to reach nearly $8,500 million in 2025, exhibiting a CAGR of 6.3% during that period, according to a study by Persistence Market Research. Its report, “Electric Bicycle Motors Market: Global Industry Analysis (2012 - 2016) and Forecast (2017 - 2025),” is intended to provide key insights into the factors driving market growth as well as the factors restricting market growth. Factors including strong government support, growing health consciousness, and rise in rental and sharing services in big cities will contribute to the expansion of the electric bicycle motors market in North America, while low retail gasoline prices may negatively affect the growth of the market.
Electric bicycle manufacturers in the Asia Pacific region are steadily gearing up technology, along with their European counterparts, to increase their exports to other countries. With this objective, manufacturers in the region are introducing technologically advanced electric bicycle models in the market to cater to the increasing demand as an alternative for conventional mopeds, particularly in the Chinese market. Manufacturers are capitalizing on the increasing demand for mid-drive motors to give a necessary boost to their revenue stream. Moreover, with increasing popularity of e-bikes for mountain biking in Europe, manufacturers in the Asia Pacific region are planning to expand their production facilities, which would further increase the demand for electric bicycle motors in the coming years.
The global electric bicycle motors market is segmented on the basis of operation type, motor type, power output, sales channel, and region.
By operation type, the pedal-assisted segment was estimated to be valued at nearly $2,900 million in 2017 and is forecasted to reach a valuation of nearly $4,600 million in 2025, with a CAGR of 6.0% from 2017-2025.
- By motor type, the hub motors segment was worth approximately $2,750 million in 2017 and is anticipated to reach about $4,250 million in 2025, exhibiting a CAGR of 5.6% during the assessment period.
- By power output, the less than 350-W segment was valued at nearly $1,600 million in 2017 and is expected to reach nearly $2,450 million in 2025, displaying a CAGR of 5.6% over the forecast period.
- By sales channel, the OEM segment was worth approximately $4,300 million in 2017 and is anticipated to reach nearly $6,900 million in 2025, for a CAGR of 6.1% from 2017-2025.
- By region, the North America electric bicycle motors market was estimated to be valued at nearly $185 million in 2017 and is projected to be worth nearly $330 million in 2025, displaying a CAGR of 7.3% during the forecast period.
Some of the key players operating in the global electric bicycle motors market and featured in the report are Bafang Electric (Suzhou) Co., Ltd, BionX International Corporation, Brose Fahrzeugteile GmbH & Co. KG, Continental AG, DAPU Motors, Derby Cycle Holding GmbH, J.D. Components Co., Ltd., Nidec Corporation, Ortlinghaus-Werke GmbH, Panasonic Corporation, Robert Bosch GmbH, Shimano Inc., Suzhou Xiongda Electric Machine Co., Ltd., TDCM Corporation Limited, and Yamaha Motors Co., Ltd.
For more information or to order a copy of the report, go to https://www.persistencemarketresearch.com/market-research/electric-bicycle-motors-market.asp.