Bicycle Motors Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The bicycle motors market share is expected to increase by 15805.67 thousand units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.22%.

This bicycle motors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bicycle motors market segmentation by type (hub motor and crank motor) and geography (APAC, Europe, North America, South America, and MEA). The bicycle motors market report also offers information on several market vendors, including 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 among others.

What will the Bicycle Motors Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Bicycle Motors Market Size for the Forecast Period and Other Important Statistics

 

Bicycle Motors Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The fuel- efficiency of bicycles is notably driving the bicycle motors market growth, although factors such as the high price of electric bicycles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bicycle motors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bicycle Motors Market Driver

Fuel-efficiency of bicycles is a major factor driving the global bicycle motors market share growth. Fuel prices have increased significantly in the past few years and continue to fluctuate. The rise in fuel prices has resulted in a rise in the adoption of electric bicycles and pedelecs as a daily mode of transport. With the rise in fuel prices, the demand for battery-powered bicycles has also increased. Bicycles are equipped with motors that aid in managing the speed better and make it easier for riders to negotiate different or difficult terrain such as mountain areas, overpasses, and bad roads. Many people in Europe still prefer to cycle to work, especially as many governments in the region have constructed bicycle-friendly streets. A growing number of commuters in China are using battery-operated bicycles. Thus, the rise in fuel prices is resulting in the increased adoption of electric bicycles, in turn driving the growth of the global bicycle motors market.

Key Bicycle Motors Market Trend

The rise in the adoption of DIY kits is another factor supporting the global bicycle motors market share growth. In the past, the availability of motors was limited to a few costly options. However, at present, buyers can choose from a vast range of consumer DIY products. Buyers can buy the DIY kit, which is in a dismantled form, and then can reassemble the motor themselves with the help of some household tools, according to the instruction provided in the kit. These kits do not require the rider to have any expertise in motors, and the motors can be reassembled easily by anyone. Therefore, providing an added advantage for both buyers and sellers, as they save time and cost. Several bicycle motor kits are available in the market, which is affordable and provide more power than factory-made motors. Due to their wide availability, users can choose various kits depending on their needs and preferences. For instance, companies like Bafang and GNG provide the DIY motor kit. Due to such reasons, the demand for the market will continue to grow during the forecast period.

Key Bicycle Motors Market Challenge

The high price of electric bicycles will be a major challenge for the global bicycle motors market share growth during the forecast period. Although electric bicycles are environment-friendly and offer low-cost transportation when compared with other automobiles, the higher cost of electric bicycles compared with conventional bicycles hinders the growth of the electric bicycle market. The most significant technological challenges faced by electric bicycle manufacturers are the cost and performance of components and materials. The type of motor used in electric bicycles also affects the price of an electric bicycle. The more advanced the motor, the higher the cost of the bicycle. Most electric bicycle motors have a power range of 250 W-750 W. The type of motor that is needed depends mostly on the type of riding and the terrain on which the bicycle will be used. However, there are speed limitations with the use of a motor in bicycles. For instance, the US does not allow an electric bicycle to have a motor that provides more than 750 W.Thus, the motor capacity leads to the additional cost of the bicycle. Essentially, this will hinder the growth of the market.

This bicycle motors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global bicycle motors market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bicycle motors market during the forecast period.

Who are the Major Bicycle Motors Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 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.
• ZF Friedrichshafen AG

This statistical study of the bicycle motors market encompasses successful business strategies deployed by the key vendors. The bicycle motors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Panasonic Corp. - The company offers different types of motors for different purposes such as mountain e-bikes, city bikes, and urban bikes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bicycle motors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bicycle Motors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bicycle motors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global leisure products market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Bicycle Motors Market?

For more insights on the market share of various regions Request for a FREE sample now!

55% of the market's growth will originate from APAC during the forecast period. China is the key market for bicycle motors market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The rise in traffic congestion and the lack of proper public transport will facilitate the bicycle motors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, owing to the outbreak of the COVID-19 pandemic, cycling and racing events have temporarily been canceled to prevent the community transmission of the disease through social gatherings. Nationwide lockdowns imposed across countries in the region have reduced the sale and production of bicycles. Relaxation of lockdowns during the second half of 2020 has triggered higher demand for bicycles across the region. However, reduced production and supply chain disruptions for bicycle components have led to a supply-demand imbalance in 2020. After the crisis, the demand for bicycles will increase, which, in turn, will drive competition among bicycle manufacturers and lead them to offer several differentiated products. This is expected to increase the adoption of bicycle motors during the forecast period.

What are the Revenue-generating Type Segments in the Bicycle Motors Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The bicycle motors market share growth by the hub motor segment will be significant during the forecast period. The hub motor holds a large share of aftermarket fitment, as it is cheaper than other motors and very effective as an upgrade. The hub motor is also recommended for all-wheel drive (AWD) electric bicycles as it is easier to install and cost-effective. The hub motor is the most common motor type used in electric bicycles today. As the crank motor was expensive, the hub motor was developed as a cheaper alternative. Today, hub motors have been developed to provide greater efficiency. Because the hub motor is placed in the hub, the center part of the wheel, it retrofits any kind of bicycle. As the motor is sealed, its maintenance cost is low compared with the other kind. For all the factors mentioned above, the demand for hub motors will continue to be high during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bicycle motors market size and actionable market insights on post COVID-19 impact on each segment.

 

Bicycle Motors Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 7.22%
Market growth 2021-2025	15805.67 th units
Market structure	Fragmented
YoY growth (%)	5.83
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 55%
Key consumer countries	China, Germany, Japan, The Netherlands, and US
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Bicycle Motors Market Report?

• 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 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch