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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E-bike Drive Unit Market (By Type: Mid-Drive Motors, Hub Motors; By Application: OEMs, Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
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.
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
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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JULY 23, 2020: “Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze.
Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data, to solve complex problems.Amid the proliferation of real-time and historical data from sources such as connected devices, web, social media, sensors, log files and transactional applications, Big Data is rapidly gaining traction from a diverse range of vertical sectors.
The insurance industry is no exception to this trend, where Big Data has found a host of applications ranging from targeted marketing and personalized products to usage-based insurance, efficient claims processing, proactive fraud detection and beyond.
To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/big-data-in-the-insurance-industry-2018-2030/request-sampleSNS Telecom & IT estimates that Big Data investments in the insurance industry will account for more than $2.4 Billion in 2018 alone.
Led by a plethora of business opportunities for insurers, reinsurers, insurance brokers, InsurTech specialists and other stakeholders, these investments are further expected to grow at a CAGR of approximately 14% over the next three years.The “Big Data in the Insurance Industry: 2018 - 2030 - Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of Big Data in the insurance industry including key market drivers, challenges, investment potential, application areas, use cases, future roadmap, value chain, case studies, vendor profiles and strategies.
The report also presents market size forecasts for Big Data hardware, software and professional services investments from 2018 through to 2030.
