Electric Bicycle Motors Market: Strong Demand in North America and Asia Pacific to Drive Growth

A new research study titled “Global Market Study on Electric Bicycle Motors: Pedal Assisted Electric Bicycle Motors to Hold More Than Half the Global Market Share by 2025” has been added to the repository of Market Research Reports Search Engine (MRRSE). According to the study, the global electric bicycle motors market is likely to grow at 6.3% CAGR through 2025, and reach US$ 8.5 Bn in revenues by the end of the forecast period.

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The report offers a comprehensive analysis on the global electrical bicycle motors market, highlighting the key drivers, opportunities, restraints and threats impacting the market. According to the report, global demand for electric bicycle motors is driven by a combination of various factors. Economic development of developing countries in Asia Pacific and Latin America has led to the rise of a booming middle class which is pushing up demand for electric bicycle motors. Advancements in new bike launches, and growing millennial population around the world are the other key factors driving the growth of the market. In China, emergence of a robust middle class that is spending big on fitness and luxury products and services is likely to fuel market growth in the future. In addition to offering detailed qualitative analysis on the key driving factors, the report also offers holistic information on the emerging trends in this landscape.

The report also offers detailed quantitative information and analysis on the electric bicycle motors market. The total production in the world, as well as the market value of the total production has been offered in detail in the report. A cost comparison between the electric bicycle motors produced around the world has also been included in the report. The supply demand landscape has been analyzed, and opportunities in terms of gaps in the supply chain have been studied in detail.

Browse Full Report Here: https://www.mrrse.com/electric-bicycle-motors-market

The research study analyzes the global market on the basis of operation type, power output, motor type, sales channel, and region. According to the report, pedal assisted segment will continue to remain robust throughout the assessment period, whereas hub motors will gain traction among end users. OEM continues to be the leading sales channel for manufacturers around the globe.

By region, North America has been identified as the leading market, with Europe and Asia Pacific offering support. The North America electric bicycle motors market is likely to grow at 7.3% CAGR during the assessment period. The report also profiles some of the leading companies in the electric bicycle motors market. According to the report, some of the key companies in the market include Brose Fahrzeugteile GmbH & Co. KG, Nidec Corporation, Bafang Electric (Suzhou) Co.,Ltd, BionX International Corporation, Continental AG, DAPU Motors, Derby Cycle Holding GmbH, J.D. Components Co., Ltd., Robert Bosch GmbH, Ortlinghaus-Werke GmbH, TDCM Corporation Limited Panasonic Corporation, Shimano Inc., Suzhou Xiongda Electric Machine Co., Ltd., and Yamaha Motors Co., Ltd.

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This release was published on openPR.