The global Bicycle Motors market was valued at US$ 5013.6 million in 2022 and is projected to reach US$ 7411.1 million by 2029, at a CAGR of 5.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Bicycle Motors market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
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The China market for Global Bicycle Motors market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Bicycle Motors market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
An electric motor is an electrical machine that converts electrical energy into mechanical energy. An electric generator operates in the reverse direction, converting mechanical energy into electrical energy. Most electric motors operate through the interaction between the motor's magnetic field and winding currents to generate force. In certain applications, such as in regenerative braking with traction motors, electric motors can be used in reverse as generators to recover energy that might otherwise be lost as heat and friction.
This report aims to provide a comprehensive presentation of the global market for Bicycle Motors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bicycle Motors. This report contains market size and forecasts of Bicycle Motors in global, including the following market information:
Global Bicycle Motors Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Bicycle Motors Market Sales, 2018-2023, 2024-2032, (K Units)
The increasing congestion and pollution in the cities are leading to the adoption of bicycles because they are cheap, environment-friendly, healthy, and traffic-reducing mode of transport. Fuel prices have increased significantly in the past few years and continue to fluctuate. According to the US Energy Information Administration, the average price per barrel of crude oil was $43/b in 2016. The rise in fuel prices has resulted in the increase in the adoption of electric bicycles and pedelecs as a daily mode of transport. With the rise in fuel prices, the demand for battery-powered bicycles has increased. Bicycles are equipped with motors, which help manage speeds better and make them easier to drive through mountain areas, overpasses, and rough roads. Inclination toward crank motor in electric bicycles is one of the key trends contributing towards the bicycle motors market. To gain higher performance capacity and suitability of uphill rides, the new generation electric bicycles are incorporating crank motors. APAC is expected to be the major revenue contributor to the bicycle motors market throughout the forecast period. One of the major reason for the growth of this market in this region is the increasing adoption of electric bicycles in China.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Bicycle Motors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment:
Global Bicycle Motors Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Bicycle Motors Market Segment Percentages, by Type, 2022 (%)
Hub Motor
Crank Motor
Global Bicycle Motors Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Bicycle Motors Market Segment Percentages, by Application, 2022 (%)
E-Bike
Pedelecs
Global Bicycle Motors Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Bicycle Motors Market Segment Percentages, By Region and Country, 2022 (%)
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Bicycle Motors revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Bicycle Motors revenues share in global market, 2022 (%)
Key companies Bicycle Motors sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Bicycle Motors sales share in global market, 2022 (%)
key players include:
Bosch
Brose Antriebstechnik
Continental
Panasonic
Yamaha Motor
Outline of Major Chapters:
Chapter 1: Introduces the definition of Bicycle Motors, market overview.
Chapter 2: Global Bicycle Motors market size in revenue and volume.
Chapter 3: Detailed analysis of Bicycle Motors manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Bicycle Motors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Bicycle Motors capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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