E-bike Drive Unit Market Size Reach US$ 9,361 Mn by 2030

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The global E-bike Drive Unit market size is expected to be worth around US$ 9,361 Mn by 2030, according to a new report by Vision Research Reports.

The global E-bike Drive Unit market size was valued at US$ 7,200 mn in 2020 and is anticipated to grow at a CAGR of 5.20% during forecast period 2021 to 2030.

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The impacted the business and the market players be it large or small. But despite the challenges that includes volatility, constraints, industry consolidation, changing consumer preferences, and new advances are opening up scores of opportunities for the companies or the market players to explore. In-depth study provided in this global e-Bike Drive Unit market report is the best and reliable source of information to support healthy business and help the market players easily navigate through disruption.

Report Coverage

Report Scope Details
Market Size USD 9,361 Mn by 2030
Growth Rate CAGR of 5.20% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Bosch, Continenta, Yamaha Motor, Panasonic, Shimano

Growth Factors

 Electric bike is a bicycle with an integrated electric motor drive mechanism and battery, which produces power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to assist the pedal-power of the rider to more powerful e-bikes that produce power to completely drive the bike using throttle.

Electric bikes are a flexible, versatile, eco-friendly, and trendy mode of transport. Consumers look up to them as an ideal substitute for scooters, smart cars, and public transport. These bikes help tackle traffic congestion, owing to the smaller size of e-bikes, attain higher speed with lesser effort, and health benefits attained with peddling. These factors lead to rise in popularity of electric bikes across the globe

The report included detailed analysis on the E-bike Drive Unit production capacity, its market share by manufacturers, growth rate, regional production capacity, ex-factory rate, and other important data points. The report also covers E-bike Drive Unit consumption globally as well as thorough bifurcation into regional and country wise consumption.

Report Highlights

Government subsidy on the sale of electric bikes (E-bike) is acting as a major growth driver for the E-bike market. An E-bike has an integrated electric motor and rechargeable batteries that reduces pollution by eliminating carbon dioxide emissions in the environment.

Government-backed Funds Fueling Electric Bike Sales in Europe

Commuters are demanding climate-friendly, healthy, and virus-free alternatives to crowded public transport modes. This has led to the increased adoption of electric bikes. The electric bike market is projected to reach a valuation of US$ 95.50 Bn by 2031. It has been found that before the pandemic, the Confederation of the European Bicycle Industry (CONEBI) has been predicting that the Europe electric bike market will grow at an exponential rate between 2019 and 2024. Both conventional and electric bike sales are growing rapidly in Europe. The U.K. Government is backing this trend by introducing a £250 Mn emergency active travel fund, which focuses on getting people onto bicycles.

Zero Emission Mobility Electrifies Demand for High-performance Electric Assistance Systems in Bikes

The trend of zero emission mobility is driving a significant change in the electric bike market. Apart from individuals, manufacturers are tapping current and future income sources through last-mile autonomous delivery vehicles. Thus, to achieve this, companies in the electric bike market are increasing research to leverage and adapt the technological platforms that have earlier been developed for the automotive industry.

Startups Turn Abandoned Bikes into Electric Bikes for Sustainable Commuting

The Teebike project in France is gaining popularity for transforming old bikes into electric bikes, equipped with electric motor and Bluetooth, which can be easily fitted on to the front of any bike. The Bluetooth system connects the wheel to the user’s smartphone, enabling the user to control the settings. Stakeholders in the electric bike market are taking cues from such projects to leverage rejected and abandoned bikes into electric bikes for sustainable commuting.

Key Players

  •  Bosch
  • Continental
  • Yamaha Motor
  • Panasonic
  • Shimano

Market Segmentation

 Market Segment by Type

  •         Mid-Drive Motors
  •         Hub Motors

Market Segment by Application

  •            OEMs
  •           Aftermarket

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