One trend in the market is inclination toward crank motor in electric bicycles.
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The analysts forecast global bicycle motors market to grow at a CAGR of 6.34% during the period 2017-2021.
Generally, electric bicycles come with hub motors. However, today, electric bicycles are also fitted with crank motors as they provide higher performance capacity and are suitable for uphill rides than hub motor bicycles.
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A crank motor is placed in the middle of the bicycle frame and normally is in the bottom brackets.
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Major key players in the global bicycle motors market: Bosch, Brose Antriebstechnik, Continental, Panasonic, Yamaha Motor, Kalkhoff, Unique Product and Design, SHIMANO, Sunstar Suisse, Keola, and BAFANG.
According to the bicycle motors market report, one driver in the market is fuel-efficiency of bicycles. Fuel prices have increased significantly in the past few years and continue to fluctuate.
According to the US Energy Information Administration, the average price per barrel of crude oil was $43/b in 2016. The rise in fuel prices has resulted in the increase in the adoption of electric bicycles and pedelecs as a daily mode of transport.
With the rise in fuel prices, the demand for battery-powered bicycles has increased. Bicycles are equipped with motors, which help manage speeds better and make them easier to drive through mountain areas, overpasses, and rough roads.
Many people in Europe now prefer to cycle to work, especially with governments constructing bicycle-friendly streets. A growing number of commuters in China are using battery-operated bicycles.
Thus, the increase in fuel price is resulting in the increased adoption of electric bicycles, thereby, in turn, driving the growth of the global bicycle motors market.
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Further, the bicycle motors market report states that one challenge in the market is high price of electric bicycles. Although electric bicycles are environment-friendly and offer low-cost transportation compared with other automobiles, the higher cost of electric bicycles compared with conventional bicycles hinders the growth of the electric bicycle market.
The most significant technological challenges faced by electric bicycle manufacturers are the cost and performance of components and materials. The type of motor used in electric bicycles also affects the price of the electric bicycle.
The more advanced the motor is, the higher the cost of the bicycle. Most electric bicycle motors are in the power range of 250 W to 750 W.
The type of motor needed depends mostly on the type of riding and the terrain the bicycle will be used in. Complete report available at www.reportsnreports.com/reports/12…et-2017-2021.html.
Few Points from List of Exhibits:
Exhibit 1: Parts of Electric Bicycle
Exhibit 2: Global Bicycle Motors Market: Segmentation
Exhibit 3: Global Bicycle Motors Market 2016-2021 (Million Units)
Exhibit 4: Five Forces Analysis
Exhibit 5: Global Bicycle Motors Market by Type 2016-2021 (% Share)
Exhibit 6: Global Bicycle Motors Market by Hub Motor 2016-2021 (Million Units)
Exhibit 7: Global Bicycle Motors Market by Crank Motor 2016-2021 (Million Units)
Exhibit 8: Global Bicycle Motors Market by Region 2016-2021 (% Share)
Exhibit 9: Bicycle Motors Market In Apac 2016-2021 (Million Units)
Exhibit 10: Bicycle Motors Market In Emea 2016-2021 (Million Units)
Exhibit 11: Bicycle Motors Market In Americas 2016-2021 (Million Units)
Exhibit 12: Bosch: Business Segmentation by Revenue 2016
Exhibit 13: Bosch: Geographical Segmentation by Revenue 2016
Exhibit 14: Bosch: Products and Services
Exhibit 15: Bosch: Recent Developments
Exhibit 16: Panasonic: Business Segmentation by Revenue 2016
Exhibit 17: Panasonic: Geographical Segmentation by Revenue 2016
Exhibit 18: Yamaha Motor: Business Segmentation by Revenue 2016
Exhibit 19: Yamaha Motor: Geographical Segmentation by Revenue In 2016
Exhibit 20: Yamaha Motor: Recent Developments