Global Bicycle Motors Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Hub motor, and Crank motor.

By Mode;

Pedal Assist, Throttle, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn463578929 Published Date: May, 2024 Updated Date: June, 2024


Global Bicycle Motors Market (USD Million), 2020 - 2030

In the year 2023, the Global Bicycle Motors Market was valued at USD 11,567.58 million. The size of this market is expected to increase to USD 14,717.19 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.5%.

The Global Bicycle Motors Market represents a burgeoning sector within the broader electric mobility landscape, reflecting the increasing adoption of e-bikes worldwide. With a growing emphasis on sustainability and the need for eco-friendly transportation solutions, bicycle motors have emerged as a key enabler of electric mobility. This market encompasses a diverse range of electric motor systems designed to augment human pedaling power, thereby enhancing the efficiency and accessibility of cycling for both commuting and recreational purposes. From compact hub motors integrated into bicycle wheels to mid-drive motors strategically positioned within the bike frame, manufacturers are innovating to meet the evolving demands of consumers seeking enhanced performance and convenience in their cycling experience.

This market is characterized by dynamic growth dynamics across various regions, with the Asia Pacific region emerging as a dominant force owing to its large-scale adoption of e-bikes, particularly in countries like China, Japan, and South Korea. Supported by favorable government policies and a cultural predisposition towards cycling, Asia Pacific leads the global charge in electric mobility, driving innovation and market expansion. Regions like North America and Europe are witnessing significant traction in the bicycle motors market, spurred by growing environmental awareness and investments in cycling infrastructure. With the Middle East & Africa and Latin America gradually recognizing the benefits of e-bikes for urban mobility and sustainability, the global bicycle motors market is poised for continued growth and innovation in the years to come.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Mode
    3. Market Snapshot, By Region
  4. Global Bicycle Motors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increased demand for electric mobility
        2. Advancements in electric motor technology
        3. Electric motors in traditional bikes
        4. Battery technology improvements
      2. Restraints
        1. Limited charging infrastructure
        2. Battery range limitations
        3. Lack of industry regulations
      3. Opportunities
        1. Charging infrastructure expansion
        2. Collaboration with urban planners
        3. Awareness campaigns
        4. Smart city integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Bicycle Motors Market, By Type, 2020 - 2030 (USD Million)
      1. Hub motor
      2. Crank motor
    2. Global Bicycle Motors Market, By Mode, 2020 - 2030 (USD Million)
      1. Pedal Assist
      2. Throttle
      3. Others
    3. Global Bicycle Motors Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. BionX International Corp.
      2. Brose Fahrzeugteile SE & Co. KG
      3. Continental AG
      4. Derby Cycle Holding GmbH
      5. Panasonic Corp.
  7. Analyst Views
  8. Future Outlook of the Market