Los Angeles, November 26, 2019 –QY Research has published a new market study in its recent report titled, “Global (United States, European Union, and China) E-Bike Motors Market Research Report 2019-2025”. As per the report, the global (United States, European Union, and China) E-Bike Motors market was valued US$ 1.9 Bn, in 2018 and is anticipated to reach US$ 2.8 Bn by the End of 2025. The market is expected to register a moderate growth of CAGR of 5.8 % during the projected period (2019-2025). E-Bike Motors offer moderate speed, long-distance capacity, and high power.
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High Levels of Pollution to Drive the Growth of Global E-Bikes Motors Market
Growing concerns to curb increasing air and noise pollution has led to the market witnessing high demand for E-Bike Motors. The need for economic transportation and increasing traffic is a major factor driving the growth of the market. The absence of stringent rules and regulations regarding the procurement of E-Bike Motors is another factor contributing to the growth of the market. Some E-Bikes offer peddle assist which is a popular feature among customers as it promotes fitness is contributing to the growth of the market. However, a high cost of E-Bike Motors and its affordability is likely to be a major cause of concern in developing countries, which is predicted to hamper the growth of the market.
Affordability of Hub Motors to Create Positive Impact on the Global E-Bike Motors Market
The market is segmented into the mid-motor and hub motor based on product type, while the application segment is sub-segmented into aftermarket and OEM. Hub motors are the most commonly available bikes in the market. In this type of bike, the electric motor of the bike is placed in the center of the bike wheel. Hub Motors are more affordable and reduce bike maintenance tasks that are likely to create robust growth of the market. The mid-motor segment enables switching gear on power, which is similar to shifting gear in a car or a vehicle.
Government Imposed Laws to Curb Vehicle Pollution is Expected to Propel the Market Growth
Asia Pacific region is expected to grab a significant share of the market. China has launched initiatives to spread awareness about the eco-friendly environment and has imposed regulations against vehicle emissions. This has resulted in a high demand for E-Bike Motors in the region. Countries such as France, Germany, the UK, and the Netherlands are expected to witness increasing demand for E-Bike Motors, which is fostering the growth of the market.
Increasing Collaborations and Partnership Activities Among Market Players is the Key Feature of Global E-Bike Motors Market
Wuxi Xingwei, Bosch, Xin Da Yang, Ananda, Bafang, Sinemotor, Continental, Shimango, Yamaha, Dapu Motors, TranzX, and Derby Cycle are some of the top manufacturers operating in the E-Bike Motors market. The leading companies are focusing on strategies such as collaborations, mergers and acquisitions, and partnerships. Companies are also focusing on new product development to offer better options for consumers.
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