Market Overview:
Electric bike motors are witnessing a surge in demand due to the rising popularity of electric bikes. The global electric bike motors market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into hub motors and mid-drive motors. Hub motors are more popular than mid-drive motors as they are easier to install and maintain. However, mid-drive motors offer more power and torque than hub Motors. On the basis of application, the market is divided into OEMs (original equipment manufacturers) and aftermarket segments. The OEMs segment dominates the global electric bike motor market as most electric bikes sold in developed countries are manufactured by OEMs.
Product Definition:
Electric bike motors are the heart of electric bikes. They provide power to the wheels and make biking possible. Without them, electric bikes would not work.
Hub Motors:
Hub motors, also known as hybrid electric vehicles (HEV), are a type of electric motor that is used in an electric bicycle. They are similar to the ones used in conventional cars but have significant differences. The main difference is that they do not need to be attached to a crankshaft and can be directly mounted onto the axle of the bicycle wheel instead.
Mid-drive Motors:
Mid-drive motors are the ones which are mounted in between the handlebar and the rear wheel. It is a type of electric motor which occupies less space, provides more power to drive and has low maintenance requirements. The mid-drive system uses gears to reduce speed or increase it if required. This type of electric bike motor can be used for both mountain bikes as well as road bikes depending upon its configuration and desired power output by using different gear ratios.
Application Insights:
OEMs held the largest market share of over 75% in 2017. The application of electric bikes has witnessed a rise due to the increasing need for fitness and decreasing cost of cycling. OEMs offer high-quality products at low costs which is likely to drive the global electric bike motors market by type, hub motors segment, during the forecast period.
The aftermarket segment is expected to expand at a CAGR exceeding 6% from 2018 to 2030 owing to increased production and demand for replacement parts especially in Europe and North America regions. Electric bicycle manufacturers including Giant bicycles, Merax BenQ Bikes etc., encourage consumers/users replace worn out or damaged parts with new ones thereby fueling growth in aftermarket sales across these regions.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its dominance over the forecast period as well. This growth can be attributed to increasing awareness regarding electric bicycles, favorable government policies, and high disposable income of consumers. Moreover, presence of major players such as Yamaha Motor Co., Ltd., Cannondale Bicycle Corporation, and Merida Bicycles Inc.
Asia Pacific is anticipated to witness significant growth during the forecast years owing to rising demand from China.
Europe was estimated at USD X billion in 2017 owing a large number electric bike manufacturers that cater primarily European markets such as Germany, France Italy etc.; however some export their products worldwide including U.
Growth Factors:
- Increasing demand for electric bikes from the millennials
- Rising disposable income of the consumers
- Government initiatives to promote electric vehicles
- Technological advancements in electric bike motors
- Growing popularity of cycling as a mode of transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Bike Motors Market Research Report
By Type
Hub Motors, Mid-drive Motors
By Application
OEM, Aftermarket
By Companies
Bosch, Wuxi Xingwei, Ananda, Xin Da Yang, Sinemotor, Bafang, Shimano, Continental, Panasonic, Dapu Motors, Yamaha, Derby Cycle, TranzX
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Electric Bike Motors Market Report Segments:
The global Electric Bike Motors market is segmented on the basis of:
Types
Hub Motors, Mid-drive Motors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Wuxi Xingwei
- Ananda
- Xin Da Yang
- Sinemotor
- Bafang
- Shimano
- Continental
- Panasonic
- Dapu Motors
- Yamaha
- Derby Cycle
- TranzX
Highlights of The Electric Bike Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hub Motors
- Mid-drive Motors
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Bike 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric bike motors are the electric components that power an electric bike. They include the battery, controller, and motor.
Some of the major companies in the electric bike motors market are Bosch, Wuxi Xingwei, Ananda, Xin Da Yang, Sinemotor, Bafang, Shimano, Continental, Panasonic, Dapu Motors, Yamaha, Derby Cycle, TranzX.
The electric bike motors market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Bike Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Bike Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Bike Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Bike Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Bike Motors Market Size & Forecast, 2020-2028
4.5.1 Electric Bike Motors Market Size and Y-o-Y Growth
4.5.2 Electric Bike Motors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hub Motors
5.2.2 Mid-drive Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Bike Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Bike Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hub Motors
9.6.2 Mid-drive Motors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hub Motors
10.6.2 Mid-drive Motors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hub Motors
11.6.2 Mid-drive Motors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hub Motors
12.6.2 Mid-drive Motors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hub Motors
13.6.2 Mid-drive Motors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Bike Motors Market: Competitive Dashboard
14.2 Global Electric Bike Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Wuxi Xingwei
14.3.3 Ananda
14.3.4 Xin Da Yang
14.3.5 Sinemotor
14.3.6 Bafang
14.3.7 Shimano
14.3.8 Continental
14.3.9 Panasonic
14.3.10 Dapu Motors
14.3.11 Yamaha
14.3.12 Derby Cycle
14.3.13 TranzX
