LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Automobiles?src=hash” target=”_blank”gt;#Automobileslt;/agt;–The global e-bike drive unit market is expected to post a CAGR of close
to 12% during the period 2019-2023, according to the latest market
research report by Technavio.
A key factor driving the growth of the global e-bike drive unit market
is the increasing health concerns and demand for eco-friendly
transportation among consumers. Globally, people are becoming more aware
of health issues such as asthma and respiratory problems caused by
vehicle emissions. In addition, vehicles often cause noise pollution
which often leads to loss of hearing, high blood pressure, and sleep
deprivation. Therefore, with the increase in awareness of environmental
and health hazards caused by vehicles, a large number of consumers are
switching to electric vehicles such as e-bikes as they are powered using
renewable energy sources that keep the environment clean and
pollution-free. This will boost the growth of the market during the
As per Technavio, the use of shift toward compact crank motors will have
a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
e-bike drive unit market 2019-2023 research
report also analyzes other important trends and market drivers that will
affect market growth over 2018-2022.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
Global e-bike drive unit market: Shift toward
compact crank motors
Most e-bikes and pedelecs available in the market are equipped with hub
motors. Although the hub motors require low maintenance and they do not
affect the elementary design of the bike, they make the wheels heavy and
the sealed nature of these motors increases the chances of overheating.
These limitations of hub motors are shifting the focus of manufacturers
toward designing and developing lightweight and compact motors known as
crank motors. The crank motor is attached to the rotating rod of the
pedal assembly to gain balance in weight and ensure smooth functioning
of the gears. Crank motors are especially useful while climbing steep
hills and riding at high speed on flat roads.
“Various countries are passing laws that encourage the adoption of
green technologies such as e-bikes. For instance, China has implemented
laws to support e-bike manufacturers and users, as e-bike helps reduce
the emission of carbon dioxide and other greenhouse gases. This will
support the growth of the global e-bike drive unit market during the
forecast period,” says a senior analyst at Technavio for research on
automobiles & components.
Global e-bike drive unit market: Segmentation
This market research report segments the global e-bike drive unit market
by motor type (mid-drive motor, and hub motor), and geographical regions
(APAC, EMEA, and the Americas).
The APAC region led the market in 2018, followed by EMEA and the
Americas respectively. Although the EMEA region held a market share of
less than APAC in 2018, it is expected to register the highest
incremental growth during the forecast period.
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Five Forces Analysis
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