Electric Bike Drive Unit Market Expected to Grow by USD 4.36 Billion

Frequently Asked Questions:

  • How fast is the market expected to grow?
    The market is expected to accelerate at a CAGR of 8.27%.
  • What is the year-over-year growth rate of the market in 2021?
    The year-on-year growth rate of the market in 2021 is 8.80%.
  • Is the market fragmented or concentrated?
    The e-bike drive unit market is fragmented.

Supplier Landscape

Vendors are deploying different organic and inorganic growth strategies to compete in the market. Panasonic Corp., Polini Motori Spa, Robert Bosch GmbH, Shimano Inc., Suzhou Wanjia Electric Co. Ltd., TDCM Corp. Ltd., TQ-Group, TranzX (JD Group), TTIUM MOTOR Inc. and Yamaha Motor Co. Ltd. are among the few key vendors competing to maintain their market position.

See more on the highlights of the market vendor landscape with a comprehensive list of vendors and their offerings.

Key market segmentation

  • Segmentation by engine type:
    • Hub motor:
      • The hub motor segment has been a major contributor to the overall market growth in 2020.
      • Hub motors have the greatest penetration in e-bikes. Most e-bikes have a hub motor. It is a simple design that consumes less space and makes e-bikes lightweight. E-bike manufacturers can turn a bicycle frame into an e-bike using a hub motor. Therefore, due to the simplicity of hub motors, almost any company can choose to become an e-bike manufacturer. Moreover, the rising popularity of e-bike would further boost the growth of hub motors over the forecast period.
    • Mid-drive motor

Request a FREE sample of this report for more highlights in market segments.

Regional Market Outlook

APAC will contribute 58% of the market growth over the forecast period. If we look at market growth by country, China and Japan will contribute to the highest market growth. Moreover, the growth of the market in this region will be faster than the growth of the market in South America.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest drivers and challenges in the Electric Bike Drive Unit Market

  • Market engine:
    • Growing popularity of mid-drive motors:

Mid-drive motors offer several advantages over conventional hub motors. They are ideal for climbing steep slopes. They are also relatively smaller and lighter compared to hub motors of similar horsepower. Hence, the growing popularity of mid-drive motors in the e-bike market will drive the growth of the e-bike drive unit market over the forecast period.

  • Market challenge:
    • High cost of e-bike drive units:

E-bike manufacturers face significant technological challenges associated with the cost and performance of components and materials. Therefore, the relatively higher cost of e-bikes compared to conventional bikes will be a major challenge for the e-bike drive unit market during the forecast period.

Find additional information on various other market drivers and challenges mentioned in our Sample FREE Report.

Need more? Are you looking for information not covered in this report?

  • Want to learn more about different research methodologies?
  • Assess a specific segment or region in detail
  • Identify major suppliers, customers or other market players
  • Analyze market regulations

Customize this report to suit your needs. Do it with our $1000 free customization value. Talk to our analyst now!

Related reports:

Motorcycle Battery Market by Product and Geography – Forecast and Analysis 2021-2025

Motorcycle Navigation Systems Market by End User and Geography – Forecast and Analysis 2021-2025

Electric Bike Drive Unit Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 8.27%

Market Growth 2021-2025

$4.36 billion

Market structure

Fragmented

Annual growth (%)

8.80

Regional analysis

APAC, Europe, North America, MEA and South America

Successful market contribution

APAC 58%

Main consumer countries

China, Germany, Japan, United States and Netherlands

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Panasonic Corp., Polini Motori Spa, Robert Bosch GmbH, Shimano Inc., Suzhou Wanjia Electric Co. Ltd., TDCM Corp. Ltd., TQ-Group, TranzX (JD Group), TTIUM MOTOR Inc. and Yamaha Motor Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCETechnavio

About Rachelle Roosevelt

Check Also

Ahead of the holiday season, Yamaha is announcing cash back on this scooter. Details here

Ahead of the festive season, Yamaha Motor has announced an exciting festival offer on its …