[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global E-bike drive unit market was valued at around USD 6.17 billion in 2020 and is expected to register revenues worth USD 8,36 billion by the end of 2027, growing at an exceptional CAGR of approximately 4.43% between 2020 and 2027.
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E-bike Drive Unit Market Growth Factors:
Vehicle electrification is one of the greatest developments in the automotive power drives sector. Cumulative concern about environmental protection has prompted the battery research that extensively drives electric mobility across the globe. Among other electric vehicles, electric bicycles (e-bikes) sustained to be the highest-selling vehicles across the globe in the past decade with a registered sale of more than 30 million in the year 2016.
E-bike Drive Unit Market Report Scope
|Market Size||USD 8,36 billion by 2027|
|Growth Rate||CAGR of 4.43% from 2021 to 2027|
|Largest Market||North America|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2021 to 2027|
|Segments Covered||Product Type, Application Type, Region Type|
In order to diminish traffic congestion, bike-sharing is a healthy and sustainable choice. With the initiation of bike-sharing, the mobility sector is expected to reshape its business model. As per a study released by Roland Berger, bike-sharing has grown stupendously in the recent past and is now available in more than 70 countries with the continuous growth of nearly 20% over the analysis years.
In spite of the intensifying growth of e-bikes, there are still some gaps and challenges in terms of technology in the existing e-bikes that hold back their growth. Battery maintenance is the major concern in e-bikes due to its limited life span of around 2-3 years particularly for lithium-ion batteries. Though the research continued for the advancement in lithium-ion batteries, the problem has not been fixed. Apart from the battery, motor maintenance is the other foremost concern that holds back the full growth of e-bikes, hence affecting undesirably the e-bike drive unit market.
E-bike Drive Unit Market Report Highlights
- Hub motors are simple in construction, lighter in weight, and inexpensive to the manufacturers due to which it is the most commonly found motors in the e-bike. However, significant number of advantages offered by the mid-drive motors over hub motors expected to drive their demand overt the forthcoming years
- Asia Pacific garnered major portion of revenue and consumption share of more than 90% in the year 2019. Noteworthy production of e-bikes in China is the major factor that drives the market growth in the region
The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter.
This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach. This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
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some of the prominent players in the E-bike drive unit market include:
- Robert Bosch GmbH
- Continental AG
- Yamaha Motor Corporation
- MAHLE GmbH
- Giant Bicycles
- Bafang Electric (Suzhou) Co., Ltd
- Brose Fahrzeugteile SE & Co. KG
E-bike Drive Unit Market Segments
- Mid-Drive Motors
- Hub Motors
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global E-bike drive unit market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the E-bike drive unit market.
The report includes country-wise and region-wise market size for the period 2019-2027. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2027.
Why should you invest in this report?
If you are aiming to enter the global E-bike drive unit market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for E-bike drive unit are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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