by The global E-bike drive unit market is predicted to touch over US$ 8,36 billion by 2027, with a registered compound annual growth rate (CAGR) of around 4.43% during forecast period 2020 to 2027.
Electric bicycles, commonly known as e-bikes, share similarities with regular human-powered bikes but are equipped with a compact electric motor that provides pedal assistance. This feature allows riders to conquer hills, accelerate, and overcome wind resistance more effortlessly than conventional bicycles. The primary driving force behind these e-bikes is their drive units. Hub motors, which are traditional motors with relatively lower power output, are located in either the front or rear wheel of the bicycle. However, this positioning can lead to handling issues. Furthermore, they offer a single gear system, limiting their speed range and thus hindering their adoption in high-speed scenarios. On the other hand, mid-drive motors are positioned at the bicycle’s center, closer to the ground, which enhances their handling. These mid-drive motors also feature a multiple gear system, expanding the range of both torque and speed, making them suitable for high-speed applications.
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Factors Driving Growth
The electrification of vehicles stands as one of the most significant advancements in the automotive power sector. Growing environmental concerns have spurred extensive battery research, driving the global shift toward electric mobility. Among various electric vehicles, e-bikes have consistently been the top-selling option worldwide for over a decade, with over 30 million units sold in 2016 alone. As a sustainable solution, bike-sharing has gained traction to alleviate traffic congestion. This trend is reshaping the mobility sector’s business model. A study by Roland Berger revealed that bike-sharing has experienced remarkable growth, available in over 70 countries, with a consistent 20% growth rate over the analyzed years.
Despite the remarkable growth of e-bikes, there remain technological gaps and challenges that impede their progress. Notably, battery maintenance poses a significant concern due to the limited lifespan of lithium-ion batteries, typically around 2-3 years. Although research continues to advance lithium-ion battery technology, this issue has yet to be fully resolved. Alongside batteries, motor maintenance also presents a significant challenge, inhibiting the full potential of e-bikes and negatively impacting the e-bike drive unit market.
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Report Highlights
- Hub motors are simple in construction, lighter in weight, and inexpensive to the manufacturers due to which it is the most commonly found motors in the e-bike. However, significant number of advantages offered by the mid-drive motors over hub motors expected to drive their demand overt the forthcoming years
- Asia Pacific garnered major portion of revenue and consumption share of more than 90% in the year 2019. Noteworthy production of e-bikes in China is the major factor that drives the market growth in the region
Regional Insights
Bike-sharing services are on the rise in various countries, including the U.S., China, India, Europe, and Africa. For instance, Beijing, China, reported a staggering 200% growth in bike-share ridership. To accommodate the rising demand for cycling, several European cities, such as Seattle, Paris, London, and Bogota, have closed roads to cars and established permanent bike lanes as part of new road infrastructure projects.
China is at the forefront of e-bike adoption, accounting for more than 90% of total production and consumption share in 2018. The global e-bike market is poised for robust growth, with Western Europe and certain parts of the Asia Pacific, like Vietnam and Japan, anticipated to experience significant expansion. Germany’s green mobility initiative has fueled remarkable growth, with e-bike unit sales reaching around 500,000 in 2015 and projected to continue growing substantially.
Key Players & Strategies
Numerous manufacturers in this market are focusing on product innovation and upgrades. For instance, Panasonic introduced its eMTB motor, the GXO, which boasts a lighter weight and higher torque of 90Nm compared to previous models. These strategies have intensified global competition among major industry players. Aimea, Yadea, Tailg, Golden Arrow, Luyuan, Sunra, and Xdao are prominent e-bike and scooter manufacturers in China. These established players are also dedicated to significant product innovation to meet evolving consumer needs. Meanwhile, other market participants are striving to establish their presence through continuous innovation and research efforts in the global e-bike drive unit market.
some key players are Robert Bosch GmbH, Continental AG, Yamaha Motor Corporation, Panasonic, Shimano, MAHLE GmbH, Giant Bicycles, Bafang Electric (Suzhou) Co., Ltd, Brose Fahrzeugteile SE & Co. KG
E-bike Drive Unit Market Market Segments
By Product
- Mid-Drive Motors
- Hub Motors
By Application
- OEMs
- Aftermarket
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- United Kingdom
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
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