Global Bicycle Crank Motor Market 2016-2020
Market outlook of global bicycle crank motors
Technavio’s market research analyst predicts the bicycle crank motor market to post a CAGR of close to 8% from 2015 to 2019. The growth of the e-bike and pedelec markets and increased use of crank motors in pedelecs are the key factors that drive its demand.
Growing concerns for clean energy transportation and rising traffic congestion are expected to further accelerate the demand for e-bikes that largely use crank motors. E-bikes are widely used in countries such as China, Europe, and North America. The rapid increase in urban population has hiked the number of individual commuters and freight movement in these regions. Such developments have resulted in traffic congestion, subsequently propelling the popularity of e-bikes. With more and more end-users and manufacturers preferring crank motors over hub motorss set to witness substantial growth during the forecast period.
Geographical segmentation and analysis of the global bicycle crank motor market
APAC dominates the market, with China being its main contributor. Crank motors are highly popular in this region. Globally, over 30% of the total e-bikes and pedelecs use crank motors, and this trend is expected to increase further over the next four years.
Competitive landscape and key vendors
Thanks to growing investments in R&D by the leading market vendors to improve the efficiency of E-bikes, the adoption of bicycle crank motors is set to rise. The market is expected to witness intense competition while attracting many new players during the forecast period.
The leading vendors of the market analyzed in this report include -
The other prominent vendors of the market include Bofeilli, Kalkhoff, Unique Product and Design, and Shimano.
Key questions answered in the report
- What are the key factors driving the bicycle crank motor market?
- What are the key market trends impacting the growth of the bicycle crank motor market?
- What are the various opportunities and threats faced by the bicycle crank motor market?
- Trending factors influencing the market shares for APAC, Americas, and EMEA
- Key outcome of the five forces analysis on the bicycle crank motor market?
- Growth forecast of the bicycle crank motor market until 2020?
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