The global Electric Bicycle Motors market was valued at US$ 8919.2 million in 2020 and it is expected to reach US$ 11780 million by the end of 2027, growing at a CAGR of 3.6% during 2021-2027.
The North America bicycle market is driven by fitness-focused consumers. A large number of people in the North America region are unfit and overweight due to the unhealthy practices in their day-to-day diets. In order to overcome obesity and related health issues, consumers are showing an interest towards exercise and exercise equipment, such as bicycles. The North America region is actively responding to sustainable trends, namely exercise, healthy lifestyle, and sustainable transportation. The fifty most popular cities in the U.S. posses 8,600 miles of bicycle lanes altogether. Associations have become more operational supporters for cycle travelling. Moreover, the International Mountain Bike Association and several other groups are promoting various ways to use cycling as a performance-oriented mode of transport. Urban associations have formed societies and organizations in every zone, such as Transportation Alternatives in the New York City, to stimulate bicycling as a practice of daily exercise and transportation. This is anticipated to boost the demand for electric bicycles in the North American market in the coming years, which will promote the growth of the electric bicycle motors market in the region.
Rental and sharing services in big cities in North America is turning out to be a key trend. California and New York are getting more support from government authorities to use bicycles as an effective mode of transportation. With the increase in rental and the sharing services, the demand for maintenance and replacement services is anticipated to rise in the coming years. This will subsequently increase the demand for electric bicycle motors, which is anticipated to create opportunities for enhancing the growth of the electric bicycle motors market in the coming years.
Global Electric Bicycle Motors Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electric Bicycle Motors Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Bafang Electric, BionX International, Brose Fahrzeugteile, Continental, Dapu Motors, Derby Cycle Holding, J.D. Components, Nidec, Ortlinghaus-Werke, Panasonic, Bosch, Shimano, Suzhou Xiongda Electric Machine, Tdcm, Yamaha Motors and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-electric-bicycle-motors-market-outlook
Segment by Type
- Less Than 350W
- Above 750W
Segment by Application
Table of Content:
1 Electric Bicycle Motors Market Overview
2 Electric Bicycle Motors Market Competition by Manufacturers
3 Electric Bicycle Motors Retrospective Market Scenario by Region
4 Global Electric Bicycle Motors Historic Market Analysis by Type
5 Global Electric Bicycle Motors Historic Market Analysis by Application
6 Key Companies Profiled
7 Electric Bicycle Motors Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Electric Bicycle Motors Market Dynamics
10 Global Electric Bicycle Motors Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.