E-bike Drive Unit Market to Grow by USD 4.36 billion | Technavio

Frequently Asked Questions:

• At what rate is the market projected to grow?
  The market is projected to accelerate at a CAGR of 8.27%.
• What is the year-over-year growth rate of the market in 2021?
  The year-over-year growth rate of the market in 2021 is 8.80%.
• Is the market fragmented or concentrated?
  The e-bike drive unit market is fragmented.

Vendor Landscape

Vendors are deploying different organic and inorganic growth strategies to compete in the market. Panasonic Corp., Polini Motori Spa, Robert Bosch GmbH, Shimano Inc., Suzhou Wanjia Electric Co. Ltd., TDCM Corp. Ltd., TQ-Group, TranzX (JD Group), TTIUM MOTOR Inc., and Yamaha Motor Co. Ltd. are some of the few key vendors competing to maintain their market position in the market.

View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

• Segmentation by Motor Type: 
• Hub motor: 
• The hub motor segment contributed largely to the overall market growth in 2020.
• Hub motors have the largest penetration in e-bikes. Most e-bikes are equipped with a hub motor. This is a simple design that consumes less space and makes the e-bikes lightweight. E-bike manufacturers can transform a bicycle frame into an e-bike with the help of a hub motor. Hence, due to the simplicity of the hub motors, almost any company can choose to become an e-bike manufacturer. Moreover, the rising popularity of e-bike would further drive the growth of hub motors in the forecasted period.
• Mid-drive motor

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Regional Market Outlook

APAC will contribute to 58% of the market growth during the forecast period. If we look at the country-wise market growth, China and Japan will contribute to the highest market growth. Moreover, market growth in this region will be faster than the growth of the market in South America.

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Latest Drivers and Challenges in the E-bike Drive Unit Market

• Market Driver:
• Increasing popularity of mid-drive motors:

Mid-drive motors offer several benefits compared to conventional hub motors. They are ideal for climbing steep hills. They are also relatively smaller and lighter when compared to hub motors with similar power. Hence, the rising popularity of mid-drive motors in the e-bike market will drive the growth of the e-bike drive unit market during the forecast period.

• Market Challenge:
• High cost of e-bike drive units:

E-bike manufacturers face significant technological challenges that are associated with the cost and performance of components and materials. Hence, the relatively higher cost of e-bikes when compared with conventional bicycles will be a major challenge for the e-bike drive unit market during the forecast period.

Find additional information about various other market drivers & challenges mentioned in our FREE sample report.

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