Quick Summary:
The global bicycle motors industry is evolving at a swift pace, witnessing significant growth and opportunities. As the market expands, understanding the landscape becomes crucial to make strategic decisions and stay ahead. Our comprehensive Bicycle Motors Market report offers in-depth insights into these emerging trends, opportunities, and challenges, aiding you in navigating and capitalizing on potential growth areas.
The report delves into the landscape of the $7.8 billion Bicycle Motors market, which is expected to reach $11.6 billion by 2030, dissecting key segments including Hub Motors and Mid Drive Motors. The market analysis stretches beyond borders, focusing on critical economies like the U.S., China, Japan, Canada, and Germany, setting a global context for comparison. The detailed competitor analysis features 44 key players, providing a robust outlook on the competitive terrain. All this bundled with online collaborative bespoke updates, access to our digital archives and one year complimentary update service. Make this market research report your strategic tool for informed decision-making.
Global Bicycle Motors Market to Reach $11.6 Billion by 2030
The global market for Bicycle Motors estimated at US$7.8 Billion in the year 2022, is projected to reach a revised size of US$11.6 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030. Hub Motors, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$5.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mid Drive Motors segment is readjusted to a revised 5.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 7.7% CAGR
The Bicycle Motors market in the U.S. is estimated at US$2.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.Select Competitors (Total 44 Featured) -
- Bafang Electric (Suzhou) Co., Ltd.
- Brose Antriebstechnik GmbH & Co.
- Continental AG
- Kalkhoff
- Keola BV
- Panasonic Corporation
- Robert Bosch GmbH (Bosch eBike Systems)
- Shimano, Inc.
- Sunstar Suisse SA
- Yamaha Motor Co., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Bicycle Motors?
What is the growth rate of the Global Market for Bicycle Motors?
What is the forecasted size of the Global Market for Bicycle Motors?
Who are the key companies in the Global Market for Bicycle Motors?
| Report Attribute | Details |
|---|---|
| No. of Pages | 243 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 7.8 Billion |
| Forecasted Market Value ( USD | $ 11.6 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Bafang Electric (Suzhou) Co., Ltd.
- Brose Antriebstechnik GmbH & Co.
- Continental AG
- Kalkhoff
- Keola BV
- Panasonic Corporation
- Robert Bosch GmbH (Bosch eBike Systems)
- Shimano, Inc.
- Sunstar Suisse SA
- Yamaha Motor Co., Ltd.
