E-Bike Motors Market: Overview
Over the past decade, the ongoing emphasis by individuals and organization on the burgeoning issue of air and noise pollution and its ill effect on human life has advocated the demand for eco-friendly vehicles. Electric bikes has emerged as a viable alternative to address the issue as E-bike not only eliminates air contamination but has also emerged as an important equipment for maintaining health and fitness. The market for E-Bikes has witnessed significant advancements over the past decade. Motor is the prime motive force or engine of E-Bike. A variety of motors can be deployed in E-Bikes depending upon the power requirement, which further depends upon the type of application, several types of electric motors are: geared and gearless hub, mid-drive and shaft drive. In terms of vehicle configuration, hub motor can be either geared or gearless, geared hub motor have less resistance owning to free wheel mechanism and having less no. of spokes. Increasing urbanization, avoidance of traffic snarls, economic transportation medium low for commuting at low distances is anticipated to drive E-Bike market, and hence demand for E-Bike motors. E-Bikes are emerging as a preferred choice due to increasing expenditure on recreational activities, awareness towards maintaining health and fitness and absence of any stringent regulations with regards to procurement of E-Bikes i.e. no requirement for a driving license. Government of several countries are passing law for promoting adoption of E-bike such as China.
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E-Bike Motors Market: Dynamics:
Implementation of Lithium ion (Li-ion) battery technology in E-Bike is triggering the global E-bike motor market gowning to bicycle light weighting. E-Bike Motors battery management system is triggering the global E-Bike Motor market owing to that management system consist of parallel cell and modules that result of increased power production, raised speed of E-bike with minimal battery recharging and efficiency also increase. High initial cost and short life of the batteries may hinder the global E-Bike market and eventually E-Bike motor market.
Some gearless direct drive motor deployed today utilizes concept of regenerative braking system, with the help of which the Li-ion battery can be easily recharged. So, manufacturer are engaging in gearless direct drive motor for R&D. The global E-Bike motor market will grow with steady rate in forecast period.
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E-Bike Motors Market: Segmentation
The global E-bike motor market can be segmented on the basis of type of motor:
- Hub Motors
- Shaft Drives
- Friction Drives
The global E-bike motor market can be segmented on the basis of power assist:
- Throttle assist E-bike
- Paddle assist E-bike
The global E-bike motor market can be segmented on the basis of technology into:
- Brushed DC
- Brushless DC
The global E-bike motor market can be segmented on the basis of capacity/output:
- Up to 250 W
- 251 – 500 W
- 500 and above
E-Bike Motors Market: Key Participants:
Key participants for the global E-Bike motors market are following:
- TDCM Corporation Limited
- Derby Cycle Holding GmbH (Impulse Motors)
- Robert Bosch GmbH
- Suzhou Xiongda Motor Co., Ltd.
- Yamaha Motor Co., Ltd.
- Dapu Motors
- Suzhou Bafang Electric Motor Science-Technology Co., Ltd
- Panasonic Automotive & Industrial Systems Europe GmbH
- E-FOCUS TECHNOLOGY CORP (eProdigy)
- ContiTech AG
- MPF Drive
- Shimano Inc.
- GO SwissDrive AG
- POLINI MOTORI
- NIDEC COPAL CORPORATION
- Suzhou Shengyi Motor Co., Ltd
E-Bike Motors Market: Region-wise Outlook:
In terms of geographical regions, the APAC region has been considered to be the market leader in the global E-Bike motor market and it is expected to remain dominant throughout the forecast period. China is anticipated to witness higher growth rate in the global E-Bike motors market owning to high sales of E-Bike. South- East Asian Countries such as India, Singapore and Malaysia are also anticipated to grow significantly over the forecast period. The North American E-Bike motor market was weak over last two years, largely due to low gasoline prices. Moreover, numerous lower-priced models were obsolete as brands in the market transition toward higher-quality products. A large portion of the sales for the E-Bike motors is anticipated to be accounted by players based out in the Asia Pacific region. Europe is also expected to adopt the product to a prominent extent in the forecast period