Authored By: Sarah
02 Jul 2021

Bicycle Motors Market Size to Grow by 15805.67 th units through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the bicycle motors market and it is expected to grow by 15805.67 th units, accelerating at a CAGR of almost 7.22% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Bicycle Motors Market: Receive Free Sample Report

Bicycle Motors Market: Emerging Trends to Impact Market Growth

An inclination towards incorporating a crank motor in electric bicycles is one of the key bicycle motors market trends. Crank motors facilitate better performance and are suitable for uphill rides.. The crank motor is situated in the middle of the bicycle frame and it acts as an efficient system by increasing the torque. Moreover, the crank motor is convenient as the motor can be exchanged easily as it is not attached to the wheel. This will play a pivotal role in driving the electric bicycle motors market.

APAC was the largest bicycle motors market in recent years and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing adoption of electric bicycles, the rising number of customers, and increasing government initiatives to promote sustainable transportation will significantly drive bicycle motors market growth in this region over the forecast period.

Bicycle Motors Market: Key Market Driver

The increasing congestion and pollution in cities is leading to the adoption of bicycles as they are environment-friendly, healthy, and more efficient as they help avoid traffic congestion caused by motor vehicles. Technavio’s market research report has identified heavy traffic congestion in cities as one of the primary factors that will fuel the growth of the bicycle motors market in the coming years. Several cities are taking initiatives to go car-free and are develop car-free zones. This initiative will make cycling safer, easier, and more popular. Moreover, the bicycle-sharing initiatives are also gaining traction in many cities across the world. Many customers across the world are adopting bicycles for commuting and this factor will drive the market positively in the next five years.

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.


Bicycle Motors Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BionX International Corp., Brose Fahrzeugteile SE & Co. KG, Continental AG, Derby Cycle Holding GmbH, Panasonic Corp., Robert Bosch GmbH, Shimano Inc., Sunstar Suisse SA, Yamaha Corp., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market: Download a Free Sample Report

Bicycle Motors Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bicycle motors market growth during the next five years
  • Precise estimation of the bicycle motors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bicycle motors market industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bicycle motors market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 7.22%.

  2. What is the incremental growth of the market?
    The market is expected to grow by 15805.67 th units through 2021-2025.

  3. What is a key factor driving this market?
    Fuel-efficiency of bicycles will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    55% growth will originate from APAC

  6. Who are the leading market vendors?
    The leading vendors in this market are BionX International Corp., Brose Fahrzeugteile SE & Co. KG, Continental AG, Derby Cycle Holding GmbH, Panasonic Corp., Robert Bosch GmbH, Shimano Inc., Sunstar Suisse SA, Yamaha Corp., and ZF Friedrichshafen AG

  7. What are the market segments covered in this report?
    The market is segmented by Type (Hub motor and Crank motor) and Geography (APAC, Europe, North America, South America, and MEA)







Read News Read Less
Interested in this report?
Get your sample now!