Bicycle Motors Market by Operation Type (Combined, Pedal assisted and Throttle assisted), Power Output (Above 750W, 350W-750W and Less than 350W) Motor Type (Friction Drive Motors, Mid Drive Motors and Hub Motors) Sales Channel (Aftermarket and OEM (Original Equipment Manufacturer) - Global Industry Analysis And Forecast To 2025
Industry Outlook and Trend Analysis
The awareness of people for fitness is rising day by day, as the number of deaths and unhealthy people in also increasing which factor is leading to growth of Bicycle Motors Market, while registering itself at a compound annual growth rate (CAGR) during the forecast period. The people are changing the lifestyle trends like; focusing on use of conventional transport, also turning towards exercise and healthy lifestyle. Many groups, NGO’s and government are taking initiative for promoting the use of bicycles. These steps are also responsible for boosting of Bicycle Motors Market.
Drivers and Restrains
Bicycle Motors Market is seen growing due to number of reasons like; the decrease in the oil sector due to various reasons is turning the inventors to investing in the bicycle motors. Also due to the initiatives of the government there is rise in use of bicycle as medium of transport. Rental and sharing receives in big economies is also a driving element to Bicycle Motors Market. The restrain for Bicycle Motors Market is the cost cutting in the fuel prices and removal of many cost effective models of bicycles from market which are increasing the time for growth of this market.
The Bicycle Motors Market is segmented on the basis of design, Type, Component and Application;
Based on Operation Type the market is divided into: Combined, Pedal assisted and Throttle assisted. Pedal assisted segment is seen leading the market in the predicted span.
Based on Power Output the market is divided into: Above 750W, 350W-750W and less than 350W. Out of these less than 350W is showing rise in the market share during the assessment period.
Based on Motor Type the market is divided into: Friction Drive Motors, Mid Drive Motors and Hub Motors. By motor type, the Hub Motor segment is estimated to lead the market in the forecasted period.
Based on Sales Channel the market is divided into: Aftermarket and OEM (Original Equipment Manufacturer). OEM segment is seen to rise in the market share compared to other segments in the predicted period.
Regional Outlook and Trend Analysis
Geographically, the Bicycle Motors Market is segmented into Europe, North America, Asia Pacific, Latin America, Middle East and Africa. North American people are becoming aware of health related issues like obesity and others, due to this factor the people are developing interest in fitness equipment’s like bicycles. Looking at the technological improvement bicycle manufacturer’s in Asia Pacific gearing up to increase the production as compared to the European match. Concentrating on increasing the market share the manufacturer’s in Asia Pacific region are coming up with technically well-equipped bicycles than the traditional mopeds. Due to increasing demand of e-bicycles in different application across the globe the manufacturer’s in Asia Pacific are seen growing the production in coming future.
The key players in the Bicycle Motors Market are; Ortlinghaus-Werke GmbH, Suzhou Xiongda Electric Machine Co. Ltd., BionX International Corporation, Yamaha Motors Co., Ltd., Brose Fahrzeugteile GmbH & Co. KG, DAPU Motors, Bafang Electric (Suzhou) Co. Ltd, Nidec Corporation, Derby Cycle Holding GmbH, J.D. Components Co., Ltd., Panasonic Corporation, Robert Bosch GmbH, Shimano Inc., Continental AG, and TDCM Corporation Limited.
The Bicycle Motors Market is segmented as follows-
By Operation Type
By Power Output
Less than 350W
By Motor Type
Friction Drive Motors
Mid Drive Motors
By Sales Channel
OEM (Original Equipment Manufacturer)
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?