Insights on Global Electric Bicycle Motors Market and Forecast Assumptions for the Period 2017 – 2025

In order to study the various trends and patterns prevailing in the overall market for electric bicycle motors, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Electric Bicycle Motors Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The North America bicycle market is driven by fitness-focused consumers. A large number of people in the North America region are unfit and overweight due to the unhealthy practices in their day-to-day diets. In order to overcome obesity and related health issues, consumers are showing an interest towards exercise and exercise equipment, such as bicycles. The North America region is actively responding to sustainable trends, namely exercise, healthy lifestyle, and sustainable transportation. The fifty most popular cities in the U.S. posses 8,600 miles of bicycle lanes altogether. Associations have become more operational supporters for cycle travelling. Moreover, the International Mountain Bike Association and several other groups are promoting various ways to use cycling as a performance-oriented mode of transport. Urban associations have formed societies and organizations in every zone, such as Transportation Alternatives in the New York City, to stimulate bicycling as a practice of daily exercise and transportation. This is anticipated to boost the demand for electric bicycles in the North American market in the coming years, which will promote the growth of the electric bicycle motors market in the region.

As per the assessment of Persistence Market Research, the global electric bicycle motors market was estimated to be valued at nearly US$ 5,200 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 8,500 Mn in 2025, exhibiting a CAGR of 6.3% during the period of assessment 2017-2025.

Rise in rental and sharing services will increase the aftermarket sales of electric automotive motors in North America

Rental and sharing services in big cities in North America is turning out to be a key trend. California and New York are getting more support from government authorities to use bicycles as an effective mode of transportation. With the increase in rental and the sharing services, the demand for maintenance and replacement services is anticipated to rise in the coming years. This will subsequently increase the demand for electric bicycle motors, which is anticipated to create opportunities for enhancing the growth of the electric bicycle motors market in the coming years.

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Global Electric Bicycle Motors Market Analysis and Forecast, by Operation Type

As per the forecasts provided by Persistence Market Research, the throttle assisted segment in the operation type category was estimated to be valued at nearly US$ 800 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 1,200 Mn in 2025, displaying a CAGR of 5.3% during the period of forecast 2017-2025. The combined segment in the operation type category was estimated to be valued at nearly US$ 1,500 Mn in 2017 and is likely to reach a valuation of nearly US$ 2,700 Mn in 2025, exhibiting a CAGR of 7.4% during the period of assessment.

Market Taxonomy

By Operation Type

Pedal assisted
Throttle assisted
Combined
By Power Output

Less than 350W
350W-750W
Above 750W
By Motor Type

Hub Motors
Front Hub Motors
Rear Hub Motors
Mid Drive Motors
Friction Drive Motors
By Sales Channel

OEM (Original Equipment Manufacturer)
Aftermarket
By Region

North America
Latin America
Europe
China
Asia Pacific Excluding China (APEC)
Middle East & Africa (MEA)

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This release was published on openPR.