The worldwide market for electric bicycle motors is projected to represent a market evaluation of around US$ 8,500 Million towards 2025 end, up from an evaluation of about US$ 5,200 Million through 2017 and will portray a 6.3% CAGR for the duration of the forecast, 2017-2025. The augment in fuel prices has extended towards the expansion in the operation of electric bicycles the same as a daily means of transport. With the augment in fuel prices, the need for battery-powered bicycles has augmented. Bicycles fixed with motors aids in managing the speeds more efficiently and make them more restful to drive in overpasses, rough roads along with mountain areas. A lot of individuals nowadays select a cycle to work, particularly with governments manufacturing bicycle-friendly streets. Growing figures for commuters are employing battery-controlled bicycles. Accordingly, the worldwide market for electric bicycle motors is foreseeing development.
On the basis of the operation type, the overall market includes combined, throttle assisted and pedal assisted. The pedal assisted is estimated to account for estimation of around US$ 4,600 Million by 2025 end, reflecting a 6.0%CAGR over the forecast period. Based on the power output, the worldwide market includes above 750W, 350W-750W and less than 350W. The less than 350W is anticipated to account for evaluation of close US$ 2,450 Million through 2025, recording a 5.6% CAGR all through the forecast period.
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Based on the motor type, the worldwide market includes mid-drive motors, friction drive motors as well as hub motors (includes rear hub motors and front hub motors). The hub motors category is likely to account for evaluation of close to US$ 4,250 Million by 2025 end, demonstrating a 5.6% CAGR over the assessment period. Based on the sales channel, the global market is segmented as OEM and aftermarket. The OEM category is projected to account for a market value of about US$ 6,900 Million by 2025 end, reflecting a 6.1% CAGR over the assessment period.
In terms of the region, the North America market for electric bicycle motors is anticipated to account for a market evaluation of close to US$ 330 Million by 2025 end, reflecting a healthy 7.3% CAGR all through the forecast period. The region is actively reacting to sustainable trends, namely sustainable transportation, healthy lifestyle, as well as exercise. The 50 majorly popular cities in the U.S. posses bicycle lanes of 8,600 miles overall. Affiliations have turn out to be more cycle traveling operational supporters.
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Some of the prominent market players functional in the worldwide market include Brose Fahrzeugteile GmbH & Co. KG, BionX International Corporation, DAPU Motors, Continental AG, J.D. Components Co., Ltd., Derby Cycle Holding GmbH, Ortlinghaus-Werke GmbH, Bafang Electric (Suzhou) Co.,Ltd, Nidec Corporation, Robert Bosch GmbH, Panasonic Corporation, Suzhou Xiongda Electric Machine Co., Ltd., Shimano Inc., Yamaha Motors Co., Ltd., TDCM Corporation Limited and others