Global Bicycle Motors Market By Type (Hub Motor, Crank Motor), By Application (Electric Scooter, Electric Motorcycles, Pedelec, Other), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028
- Published date: Apr 2022
- Report ID: 24762
- Number of Pages: 241
- Format:
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Market.us announces the publication of its most recently generated research report titled, “Global Bicycle Motors Market by Product Type (Hub Motors and Crank Motors), by Application (Pedal Assisted, Throttle Assisted, and Hybrid) and by Region – Global Forecast to 2028.”, Which offers a holistic view of the global Bicycle Motors market through systematic segmentation that covers every aspect of the target market.
The global Bicycle Motors market is projected to be US$ 9,693.4 Mn in 2018 to reach US$ 17,561.4 Mn by 2028 at a CAGR of 3.5%.
A bicycle motor is an electric instrument that provides power to an e-Bicycle or electrified bicycle. Bicycle motors are of various types such as hub motors, that are directly attached to the wheels of the bicycle or crank motors, that generally work in concert with the gear of the bicycle and other types. Rise in the number of traffic jams in the metro cities and the increasing prices of four-wheelers, two-wheelers, petrol and diesel also play an essential role in the growth of the market.
trending_up Total Revenue in 2018$ 9,693.4 Mn
trending_up Market CAGR of the Next Ten Years3.5%
no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.- By Type
- By Region
- By Application
no_encryption Leading Companies Financial HighlightsPurchase this report or a membership to unlock the leading companies financial highlights for this industry.trending_up Market Revenue of the Next Ten Years$ 17,561.4 Mn
Apart from being environment-friendly and budget-friendly, e-Bicycles are fast too as compared to conventional bicycles. Owing to all these advantages, the usage of e-Bicycles is increasing globally.
A rapid increase in the number of cities worldwide and hence the increase in the number of vehicles are responsible for the rise in traffic jams. Thus, people prefer to use e-Bicycle which is an easy way to escape the traffic jam and heavy traffic of cities.
Global Bicycle Motors Market Revenue (US$ Mn), 2018–2028
However, High price range of e-Bicycles restricts several customers from buying these bicycles. Nonetheless, Governments in various countries are promoting cycling and walking as a means to commute, keeping in consideration the health issues of their citizens due to the lack of physical activity. Governmental bodies in some countries organize various sports events that include cycling, while in some countries governments provide funding to provide cycle proficiency training to children. All these measures cumulatively are forecasted to increase the sale of e-bicycles worldwide.
Global Bicycle Motors market is segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented Hub Motors and Crank Motors. The Hub Motor accounts for the majority share in the global Bicycle Motors market, and the same segment is expected to register the highest growth rate over the forecast period. On the basis of application, the market is segmented Pedal Assisted, Throttle Assisted, and Hybrid. The Pedal Assisted segment accounts for a majority share in the global Bicycle Motors market.
Global Bicycle Motors Market by Product Type, 2018
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia-Pacific accounts for the majority share in the global Bicycle Motors market, followed by Europe. Europe is expected to register the highest growth rate over the forecast period.
The research report on the global Bicycle Motors market includes profiles of some of the major companies such as Robert Bosch GmbH, Yamaha Motor Co., Ltd., Continental Aktiengesellschaft, Panasonic Corporation, Brose Fahrzeugteile GmbH & Co. Kommanditgesellschaft, Derby Cycle AG, BAFANG, Shimano Inc., Accell Group NV.
Key Market Segments
By Product Type
- Hub Motors
- Crank Motors
By Application
- Pedal Assisted
- Throttle Assisted
- Hybrid
Key Market Players included in the report:
- Robert Bosch GmbH
- Yamaha Motor Co.Ltd.
- Continental Aktiengesellschaft
- Panasonic Corporation
- Brose Fahrzeugteile GmbH & Co. Kommanditgesellschaft
- Derby Cycle AG
- BAFANG
- Shimano Inc.
- Accell Group NV.
For the Global Bicycle Motors Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
- Robert Bosch GmbH
- Yamaha Motor Co.Ltd.
- Continental Aktiengesellschaft
- Panasonic Corporation Company Profile
- Brose Fahrzeugteile GmbH & Co. Kommanditgesellschaft
- Derby Cycle AG
- BAFANG
- Shimano Inc.
- Accell Group NV.
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