Global E-bike Drive Unit Market 2019-2023
About this market
Integration of gearbox with e-bike drive unit to drive growth in the market. The e-bike drive unit manufacturers are in a race to deliver highly efficient and reliable e-bike systems. The integration of gearbox in e-bikes gives more options to the e-bike manufacturers in terms of frame designs. Technavio’s analysts have predicted that the e-bike drive unit market will register a CAGR of close to 12% by 2023.
Government initiatives and subsidies to drive e-bikes adoption
Various countries have passed laws that encourage the adoption of green technologies such as e-bikes.
Lack of proper infrastructure for e-bikes
There has been a widespread dissatisfaction among the e-bike users due to the lack of dedicated e-bike lanes on roads.
For the detailed list of factors that will drive and challenge the growth of the e-bike drive unit market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including SHIMANO and Yamaha Motor the competitive environment is quite intense. Factors such as the government initiatives and subsidies to drive e-bikes adoption and the integration of gearbox with e-bike drive unit, will provide considerable growth opportunities to e-bike drive unit manufactures. Bosch, Continental, Panasonic, SHIMANO, and Yamaha Motor are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global E-bike Drive Unit Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the integration of gearbox with e-bike drive unit.”
According to the report, one of the major drivers for this market is the government initiatives and subsidies to drive e-bikes adoption.
Further, the report states that one of the major factors hindering the growth of this market is the lack of proper infrastructure for e-bikes.
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