Strong government support and growing health consciousness driving the electric bicycle motors market in North America
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.
As per the assessment of Persistence Market Research, the global electric bicycle motors market was estimated to be valued at nearly US$ 5,200 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 8,500 Mn in 2025, exhibiting a CAGR of 6.3% during the period of assessment 2017-2025.
Low retail gasoline prices can affect the market growth in the coming years in North America
Since the past two years, the oil industry has witnessed its lowest downturn since the 1990’s. The direct effect of this can be seen on the manufacturing sector in North America. Numerous companies of the U.S. are cutting their investments sharply. This has a direct effect on the confidence of investors for investing in the development of electric mobility vehicles in North America. Moreover, due to the fall in oil prices, several low priced models were discontinued as brands focused towards the diversification of their business. This is estimated to further derail the demand for electric bicycle motors, which may have a negative impact on the growth of electric bicycle market in the coming years.
Rise in rental and sharing services will increase the aftermarket sales of electric automotive motors in North America
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 Analysis and Forecast, by Operation Type
As per the forecasts provided by Persistence Market Research, the throttle assisted segment in the operation type category was estimated to be valued at nearly US$ 800 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 1,200 Mn in 2025, displaying a CAGR of 5.3% during the period of forecast 2017-2025. The combined segment in the operation type category was estimated to be valued at nearly US$ 1,500 Mn in 2017 and is likely to reach a valuation of nearly US$ 2,700 Mn in 2025, exhibiting a CAGR of 7.4% during the period of assessment.
This Persistence Market Research report examines the global electric bicycle motors market for the period 2017–2025. Electric bicycle motors, which can be hub type, mid-drive, and friction drive, are used for propulsion of bicycles with negligible human efforts, with mounted in the center of bicycle and connected to pedal sprocket.
A well-structured report that offers pertinent insights and clarity in decision making
In order to have an ease of understanding and for the better organization of the report, the report on global electric bicycle motors market has been divided into four distinct parts. The first part of the report contains the introduction section that contains the executive summary of the report along with the market taxonomy and the definition of electric bicycle motors. This valuable section of the report also contains information on the market viewpoint of the global electric bicycle motors market and the macroeconomic factors affecting this market. In addition, pricing analysis of the global electric bicycle motors market along with the value chain analysis for this market is also given in this section.
The second part of the report contains the global electric bicycle motors market analysis and forecast by operation type, by motor type, by power output, by sales channel and by region. This section of the report contains important market numbers in the form of market attractiveness index, incremental dollar opportunity and basis point share analysis. The third part of the report contains the regional electric bicycle motors market analysis and the regions are chosen as per the market taxonomy. In this section of the report, the regional market numbers are discussed in great detail along with the regional drivers, restraints and trends affecting the respective regional markets.
Competition landscape is a treasure trove of valuable market intelligence
The last part of the report features the competition landscape of the global electric bicycle motors market and has information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global electric bicycle motors market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with the SWOT analysis of the companies. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global electric bicycle motors market in detail and also reveals how they implement their strategies and vision to stay at top in this highly competitive market.
A robust research methodology that leads to accurate market numbers
Overall market size has been analyzed through historical data, primary responses, and public domain data. Revenue of companies in the global electric bicycle motors market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global electric bicycle motors market.
By Operation Type
By Power Output
By Motor Type
By Sales Channel