About Bicycle Motors
The electric bicycle, also called an e-bike, is a modified version of the conventional bicycle. It is integrated with an electric motor that can be used for propulsion. A bicycle motor is a compact electric motor built in the hub of the back or the front wheel of an electric bicycle. The motor is mounted at the center and is connected to the sprocket of the pedal. There are two types of motor used in electric bicycles, namely hub motor and crank motor. Hub motors are commonly used in electric bicycles.
Technavio’s analysts forecast the global bicycle motors market to grow at a CAGR of 6.34% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bicycle motors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bicycle Motors Market 2017-2021
Technavio recognizes the following companies as the key players in the global bicycle motors market: Bosch, Brose Antriebstechnik, Continental, Panasonic, and Yamaha Motor.
Other Prominent Vendors in the market are: Kalkhoff, Unique Product and Design, SHIMANO, Sunstar Suisse, Keola, and BAFANG.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is inclination toward crank motor in electric bicycles. Generally, electric bicycles come with hub motors. However, today, electric bicycles are also fitted with crank motors as they provide higher performance capacity and are suitable for uphill rides than hub motor bicycles. A crank motor is placed in the middle of the bicycle frame and normally is in the bottom brackets.”
According to the report, one driver in the market is fuel-efficiency of bicycles. 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. Many people in Europe now prefer to cycle to work, especially with governments constructing bicycle-friendly streets. A growing number of commuters in China are using battery-operated bicycles. Thus, the increase in fuel price is resulting in the increased adoption of electric bicycles, thereby, in turn, driving the growth of the global bicycle motors market.
Further, the report states that one challenge in the market is high price of electric bicycles. Although electric bicycles are environment-friendly and offer low-cost transportation compared with other automobiles, the higher cost of electric bicycles compared with conventional bicycles hinders the growth of the electric bicycle market. The most significant technological challenges faced by electric bicycle manufacturers are the cost and performance of components and materials. The type of motor used in electric bicycles also affects the price of the electric bicycle. The more advanced the motor is, the higher the cost of the bicycle. Most electric bicycle motors are in the power range of 250 W to 750 W. The type of motor needed depends mostly on the type of riding and the terrain the bicycle will be used in.
Bosch, Brose Antriebstechnik, Continental, Panasonic, and Yamaha Motor, Kalkhoff, Unique Product and Design, SHIMANO, Sunstar Suisse, Keola, and BAFANG.