Global Bicycle Motors Market Growth 2023-2029

Global Bicycle Motors Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Bicycle Motors Industry Forecast” looks at past sales and reviews total world Bicycle Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Bicycle Motors sales for 2023 through 2029. With Bicycle Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bicycle Motors industry.

This Insight Report provides a comprehensive analysis of the global Bicycle Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bicycle Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bicycle Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bicycle Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bicycle Motors.

The global Bicycle Motors market size is projected to grow from US$ 4766.6 million in 2022 to US$ 7274 million in 2029; it is expected to grow at a CAGR of 7274 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Bicycle Motors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Hub Motor
Crank Motor

Segmentation by application
E-Bike
Pedelecs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bosch
Brose Antriebstechnik
Continental
Panasonic
Yamaha Motor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bicycle Motors market?

What factors are driving Bicycle Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bicycle Motors market opportunities vary by end market size?

How does Bicycle Motors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.