increasing popularity of mid-drive motors is driving the E-Bike Drive Unit Market
Technavio analyzes that the E-Bike Drive Unit Market is expected to grow at a CAGR of 14.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8268.1 million.There are various factors that contribute to the growth of the market. The e-bike market has witnessed a significant shift towards mid-drive motor systems due to their growing popularity. Mid-drive motors offer several advantages over hub motors, including increased efficiency, better power transfer, and improved hill-climbing capabilities. As a result, mid-drive motor sales have been on the rise, driving the growth of the overall e-bike drive unit market.
In the e-bike market, hub motors, specifically geared and direct-drive types, dominate due to their compact design and cost-effective pricing. Hub motors, which are integrated into the wheel, are popular for their simplicity and lightweight construction. Geared hub motors, with their planetary gear reduction, deliver high torque, making them the preferred choice for most e-bikes. However, they lack the power output of mid-drive motors. Hub motors offer mid-range pricing, and while they may not match the performance of mid-drive systems, their simpler design and lower cost make them a favored option for many e-bike manufacturers. Additionally, hub motors can be found in various applications, including scooters and electric motorcycles, further expanding their market reach.
Know which region is leading the market growth by requesting a sample report
E-Bike Drive Unit Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The E-bike Drive Unit Market is experiencing a surge in popularity due to the convenience and environmental benefits of e-bikes. Operating costs are lower than traditional vehicles, making them an attractive alternative method of transportation. Drive units, which include electric motors and batteries, power these e-bikes. Mid-drive motors and hub motors, including front-hub and rear-hub motors, are common types. Lithium-ion batteries and integrated batteries are used to store energy. E-bikes are classified into Class 1, 2, and 3 based on their level of pedal assistance and maximum speed. Hub drive motors, friction-driven motors, torque sensors, pedal-assist, and throttle-assist are key components. E-bike maintenance is minimal, and ride quality and performance are superior to traditional bikes.
The e-bike drive unit market is a significant segment within the larger motorcycle manufacturers industry. Factors driving the growth of this market include the rising popularity of e-bikes as an alternative, convenient, and cost-effective transportation solution. With increasing environmental concerns, the environmental impact of e-bikes is also a key consideration. Technavio projects the global e-bike drive unit market to grow significantly due to the increasing demand for two-wheelers in Asia-Pacific, particularly in countries like India, China, Indonesia, and Thailand. This region accounts for over 75% of global e-bike sales, with India being a major market. The market is segmented into mid-drive motors, hub motors, and friction-driven motors, with electric motors being the most common choice for e-bikes. Operating costs, convenience, and environmental benefits continue to fuel the demand for e-bikes, making this an attractive market for motorcycle manufacturers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/