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Electric Bicycle Motors Market worth $11.26 billion by 2030, growing at a CAGR of 7.55% - Exclusive Report by 360iResearch
Electric Bicycle Motors Market | 360iResearch
The Global Electric Bicycle Motors Market to grow from USD 6.76 billion in 2023 to USD 11.26 billion by 2030, at a CAGR of 7.55%.
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Electric bicycle motors are the driving force behind the propulsion of electric bicycles. These specialized motors are designed to augment the pedaling power of the rider, thereby reducing physical strain and enhancing the riding experience. Electric bicycle motors are typically integrated into the cycle's frame and found in various configurations, including hub motors, which are installed in the wheel's hub, and mid-drive motors, which are mounted at the cycle's crankset. The shift towards eco-friendly modes of transportation, substantial strides in battery technology, and governmental support for electric mobility significantly influence the growth of global electric bicycle motors. However, the high costs of electric bicycles and insufficient cycling infrastructures pose challenges for the market. Besides the challenges, ongoing R&D to improve battery efficiency, increase durability, and reduce costs provides additional growth opportunities within the global electric bicycle motors market.
The American electric bicycle motors market is experiencing robust growth, driven by increasing consumer awareness of sustainable transportation options and supportive government policies. The United States and Canada are majorly fueling demand for electric bicycle motors, with urbanization and the rising popularity of e-bicycles as fitness and recreational tools. In EMEA, Europe has a significant market growth for electric bicycle motors, characterized by well-established cycling infrastructure and favorable government incentives for sustainable practices. The Middle East and Africa are also expected to grow with increasing urbanization and the need for sustainable transportation solutions in key metropolitan areas. The Asia-Pacific region is observing the fastest growth in the electric bicycle motors market globally, attributed to the high population density, increasing traffic congestion, and growing environmental concerns. The region benefits from the availability of cost-effective manufacturing, a well-established supply chain, and supportive government policies to reduce carbon emissions.
Market Segmentation & Coverage:
This research report categorizes the Electric Bicycle Motors Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Motor Type, market is studied across Hub Motor and Mid-drive. The Hub Motor is projected to witness significant market share during forecast period.
Based on Electric Bicycle Type, market is studied across Pedal Assist/Pedelec Electric and Throttle Controlled. The Pedal Assist/Pedelec Electric is projected to witness significant market share during forecast period.
Based on Power Output, market is studied across 350W-750W, Above 750W, and Less Than 350W. The Above 750W is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.51% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Electric Bicycle Motors Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Electric Bicycle Motors Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Electric Bicycle Motors Market, highlighting leading vendors and their innovative profiles. These include Ananda Drive Techniques（Shanghai）Co., Ltd, ASTRO-Motors, Bafang Electric (Suzhou) Co.,Ltd., Brose Fahrzeugteile SE & Co., Continental AG, Dapu Motors, FAZUA by Dr. Ing. h.c. F. Porsche AG,, Guangdong Shengyi Sci. Tech Co., Ltd, Heinzmann GmbH & Co. KG, Jiangsu Xinri E-Vehicle Co.,Ltd, Nibe Limited, Nidec Corporation, Panasonic Corporation, Robert Bosch GmbH, Seegate Corporation, Suzhou Shengyi Motor Co., Ltd., Suzhou Xiongda Electric Machine Co., Ltd., Taizhou Quanshun Electric Drive Technology Co., Ltd, TAV Systems, TDCM Corporation Limited, TQ-Group, TranzX, VALEO SA, Virtus Motors Private Limited, and Yamaha Motor Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Electric Bicycle Motors Market, by Motor Type
7. Electric Bicycle Motors Market, by Electric Bicycle Type
8. Electric Bicycle Motors Market, by Power Output
9. Americas Electric Bicycle Motors Market
10. Asia-Pacific Electric Bicycle Motors Market
11. Europe, Middle East & Africa Electric Bicycle Motors Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Electric Bicycle Motors Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Electric Bicycle Motors Market?
3. What is the competitive strategic window for opportunities in the Electric Bicycle Motors Market?
4. What are the technology trends and regulatory frameworks in the Electric Bicycle Motors Market?
5. What is the market share of the leading vendors in the Electric Bicycle Motors Market?
6. What modes and strategic moves are considered suitable for entering the Electric Bicycle Motors Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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