E-Bike Drive Unit Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of E-Bike Drive Unit Market
The e-bike drive unit market size, worth USD 27.15 billion in 2022, is predicted to a consistent increase reaching from USD 31.85 billion in 2023 to USD 82.84 billion by 2030. Which lead to an annual growth rate of 14.6% during forecast period.
The COVID-19 pandemic effected many industries. Due to COVID protocols people started avoiding public transports which starting using e-bikes as alternative means of transport. The e-bike drive unit market growth took place post pandemic due to increase movement of people which increased the demand for the same. For instance, the sale of e-bike raised by 145% during the pandemic period.
With the adoption and development to powerful, efficient, and high wattage motors manufacturing has been increased for electric motors. The integration of AI technologies, improve battery life and output enhance riding experience lead in increase of drive unit manufacturing. Whereas people are getting aware of healthy lifestyle and environment, they are preferring bicycles and e-bike over. This increasing demand for e-bike contributed in growth of e-bike drive unit share globally.
Additionally, the types of motors like multi speed geared motors with light weight battery backup are some reasons for its high cost which create challenges in drive unit market growth. However, drive unit laws vary by country and states which effect the potential market growth.
Comprehensive Analysis Of E-Bike Drive Unit Market
The global e-bike drive unit is segmented by product types which are further classified into mid-drive motors and hub motors. Hub motors can be used for city e-bike, mountain, cargo, and folding bikes due to which it dominates the market. Whereas mid-drive motors give high performance than hub motors. According to by application analysis e-bike drive are classified into OEM and aftermarket. OEMs market segment provides large quantities of e-bike with competitive price which fuel the growth of market during forecast period. However the aftermarket segment also showcases significant growth during forecast period due to its vast availability of products and also lucrative warranty schemes launched by aftermarket are to attract consumers which help in market growth.
The Asia Pacific region captured the largest part of e-bike drive unit market with the value of USD 22.76 billion in 2022. Due to its highest population, demand and supply of e-bike led to largest e-bike market revenue and many largest e-bike manufacturing industries are located in this region. Europe has variety of topography in comparison to other region for which mid drive motors are better suited and demand for it are more here. North America also expect to showcase healthy market growth.
Key market players plays an important role in growth of drive unit market , in which Robert Bosh a German base engineering and technology company dominates the market by owing productive partnership. In March 2023, Bosch ebike Systems partners with Taiwanese brake specialist Tektro. Some key market players are Panasonic Industry Europe GmbH (Netherlands), SHIMANO INC (Japan), Yamaha Motor Co., Ltd. (Japan), Brose (Germany),Bafang Electric (Suzhou)Co. Ltd. (China), Ananda (China), Suzhou Shengyi Motor Co., Ltd. (China), Suzhou Tongsheng Electric Co.,Ltd. (China).
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
CAGR CAGR of 14.6% from 2023 to 2030
Unit Value (USD Billion), Volume (Units)
Segmentation By Product Type
Mid-Drive Motors
Hub Motors
By Application
OEM
Aftermarket
By Geography
North America (By Product Type & By Application)
- U.S.
- Canada
- Mexico
Europe (By Product Type & By Application)
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific (By Product Type & By Application)
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
Rest of the World (By Product Type & By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent Market
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Landscape
- 4.4. Profitability of Refillable Deodorant Dispensers over Single Use Common Plastic Dispensers
- 4.5. Trends in Deodorant Packaging (Innovations)
- 4.6. Recent Industry Developments: Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.7. Market Analysis and Insights (in Relation with COVID-19)
- 4.7.1. Impact of COVID-19 on the Market
- 4.7.2. Supply Chain Challenges due to the Pandemic
- 4.7.3. Potential Opportunities to Support the Market
- 5. Global Refillable Deodorants Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Refillable Spray Deodorants
- 5.2.2. Refillable Stick Deodorants
- 5.3. Market Analysis, Insights and Forecast – By Packaging
- 5.3.1. Metal
- 5.3.2. Glass
- 5.3.3. Plastic
- 5.3.4. Paper Roll
- 5.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.4.1. Retail Outlets/ Offline
- 5.4.2. E-commerce/ Online
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. South America
- 5.5.5. Middle East & Africa
- 6. U.S. Refillable Deodorants Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Refillable Spray Deodorants
- 6.2.2. Refillable Stick Deodorants
- 6.3. Market Analysis, Insights and Forecast – By Packaging
- 6.3.1. Metal
- 6.3.2. Glass
- 6.3.3. Plastic
- 6.3.4. Paper Roll
- 6.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.4.1. Retail Outlets/ Offline
- 6.4.2. E-commerce/ Online
- 7. Competitive Landscape
- 7.1. Business Strategies Adopted by Leading Players
- 7.2. Global Refillable Deodorants Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 8. Company Profiles
- 8.1. Unilever Plc.
- 8.1.1. Company Overview
- 8.1.2. Business Overview
- 8.1.3. Product Portfolio
- 8.1.4. Financials (Data as available in public domain and/or on paid databases)
- 8.1.5. Recent Developments
- 8.1.6. SWOT Analysis
- 8.2. The Procter & Gamble Company
- 8.2.1. Company Overview
- 8.2.2. Business Overview
- 8.2.3. Product Portfolio
- 8.2.4. Financials (Data as available in public domain and/or on paid databases)
- 8.2.5. Recent Developments
- 8.2.6. SWOT Analysis
- 8.3. Grove Collaborative, Inc.
- 8.3.1. Company Overview
- 8.3.2. Business Overview
- 8.3.3. Product Portfolio
- 8.3.4. Financials (Data as available in public domain and/or on paid databases)
- 8.3.5. Recent Developments
- 8.3.6. SWOT Analysis
- 8.4. Noniko
- 8.4.1. Company Overview
- 8.4.2. Business Overview
- 8.4.3. Product Portfolio
- 8.4.4. Financials (Data as available in public domain and/or on paid databases)
- 8.4.5. Recent Developments
- 8.4.6. SWOT Analysis
- 8.5. Myro
- 8.5.1. Company Overview
- 8.5.2. Business Overview
- 8.5.3. Product Portfolio
- 8.5.4. Financials (Data as available in public domain and/or on paid databases)
- 8.5.5. Recent Developments
- 8.5.6. SWOT Analysis
- 8.6. By Humankind, Inc.
- 8.6.1. Company Overview
- 8.6.2. Business Overview
- 8.6.3. Product Portfolio
- 8.6.4. Financials (Data as available in public domain and/or on paid databases)
- 8.6.5. Recent Developments
- 8.6.6. SWOT Analysis
- 8.7. Fussy Ltd.
- 8.7.1. Company Overview
- 8.7.2. Business Overview
- 8.7.3. Product Portfolio
- 8.7.4. Financials (Data as available in public domain and/or on paid databases)
- 8.7.5. Recent Developments
- 8.7.6. SWOT Analysis
- 8.8. Proverb Skincare
- 8.8.1. Company Overview
- 8.8.2. Business Overview
- 8.8.3. Product Portfolio
- 8.8.4. Financials (Data as available in public domain and/or on paid databases)
- 8.8.5. Recent Developments
- 8.8.6. SWOT Analysis
- 8.9. Helmm
- 8.9.1. Company Overview
- 8.9.2. Business Overview
- 8.9.3. Product Portfolio
- 8.9.4. Financials (Data as available in public domain and/or on paid databases)
- 8.9.5. Recent Developments
- 8.9.6. SWOT Analysis
- 8.10. Asuvi
- 8.10.1. Company Overview
- 8.10.2. Business Overview
- 8.10.3. Product Portfolio
- 8.10.4. Financials (Data as available in public domain and/or on paid databases)
- 8.10.5. Recent Developments
- 8.10.6. SWOT Analysis
- 9. Strategic Recommendations
Research Assistance
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