|
|
Home | Submit Press Release | Advertise | Submit Website
(CityRegions.Com, September 24, 2021 )
Market Overview
The hub motor is one of the most prominent types of motors used in E-bikes to translate electrical energy into mechanical energy using brushless DC motors. Hub-driven E-bikes motors are categorized into two types based on the position of installation: front hub and rear hub. The E-Bike hub motors can be of gearless and geared hub and provide the following advantages over mid-drive motors: bulletproof and low maintenance, comparatively cheaper and reliable, high power and lightweight, stealthy and discreet. The E hub motors are gaining importance with increasing demand for E-bikes and continuous support from governments to shift towards electric vehicles.
View full report: https://bit.ly/3EPdQxZ
Market Dynamics
The global E-bike hub motor market growth is driven by strict government regulations to control emissions, increasing demand for eco-friendly transportation and regular fuel price hikes
Increasing demand for eco-friendly transportation
The market is expected to boost with increasing demand for eco-friendly transportation in countries such as India, China, and U.S. For example, U.S. has subsidized the purchase of E-bike and E-motorcycles to promote environment-friendly transportation. In January 2018, Governor Brown signed Executive set targets for installing 250,000 electric vehicle chargers to support 1.5 million zero-emission vehicles ZEVs on California roads by 2025, on the path to 5 million ZEVs by 2030. According to the New York Times report, electric bike sales grew by 145% in the U.S between 2019 and 2020. According to the Light Electric Vehicle Association, the US imported around 270,000 electric bicycles in 2019 and it is expected to double the figure to 600,000 E-bikes this year.
The growth in the market results from the changing end-user preference to adopt zero-emission vehicles and favorable government policies to curb emissions. According to the market report from CONEBI, 2019, more than 3 million E-bikes were sold in the EU with a substantial increase of 23% from the last year. Also, E-bike sales presently represent 17% of all complete bicycle sales made in the EU.
Alternative for hub motors
The easy availability of mid-drive motors as an alternatives is the major factor responsible for restraining the E-bike hub motor market growth because mid-drive motors provide higher performance and torque than the similarly powered traditional hub motor.
The mid-drive motor operates the crank instead of the wheel, increasing its power and allowing it to take advantage of the bike's existing gears. Mid-drive motors are preferred over hub motors for steep climb hills and changing tires is easier on mid-drive e-bikes. Also, the high cost and increase in the unsprung weight of the wheel can restrain the growth of the hub motor market.
Segment Analysis
By Type
• Gear
• Gearless
By E-Bike
• Type-1
• Type-2
• Type-3
By Installation
• Front Hub Motor
• Rear Hub Motor
By Voltage
• More than 36 V
• Less than 36 V
By Distribution Channel
• Offline
• Online
Download free sample: https://bit.ly/3AyXqXQ
Geographical Analysis
Europe region holds the largest market for the global E-bike hub motor globally
Europe region holds the largest market share for the E-bike hub motor market globally and is expected to continue its dominance in the forecast period with increasing annual demand owing to partnerships, contracts and agreements and new product launches from the leading companies. According to the Forbes report, sales of bicycles are expected to rise in the forecast period with E-bikes leading the sector. The region is expected to boost with sales of 10 million bikes per year by 2030.
The region has emerged with development and innovations in the market, such as the FSA system's start of mass production of E-bikes from July in Italy. FSA system has aimed to produce E-bikes with the capacity of 10,000 units annually, which will be increased gradually. Gocycle launched the fourth generation of folding E-bikes in March, featuring an all-new hub motor with a lighter weight frame, carbon fiber chassis, and fork.
In 2020, Bafang, one of the leading manufacturers of E-mobility components, opened a new branch in Germany for an extended range of tasks and planned activities. Also, in July 2020, Robert Bosch GmbH launched a new E-bike design concept based on the readily fusing components for a simplistic design.
Competitive Landscape
The E-bike hub motor market is moderately competitive with the local player’s presence followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Mahle GmbH, QS Motor, Bafang Electric Co. Ltd, Schaeffler Group, Jiashan Neo power International Trade co. Ltd., NTN Corporation, Elaphe Propulsion Technologies Ltd., Tajima EV Corporation, Robert Bosch GmbH, Specialized Bicycle Components, Heinzmann GmbH & Co. KG and others. The major players are adopting various new strategies to dominate the market, such as launching new products, acquisitions, and collaborations, which are contributing to the growth of the E-bike hub motor market globally.
Related Topic's
Bike Sharing Market, Motorhome Market, In-wheel Motor Market, Automotive HUD Market, Electric Motorcycles and Scooter Market
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
