An influential U.S. E-bike Hub Motor Market business report deeply attempts to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. The report has explained in-depth market insights about market size, latest trends, market threats and key drivers driving the market. This market research report also supports to secure economies in the distribution of products and find out the best way of approaching the potential. The market report has been produced by including highly developed insight and analysis which furnishes maximum benefits to the automotive industry. Global U.S. E-bike Hub Motor Market report makes use of most modern tools and techniques for collecting, researching, analyzing, and estimating market data.
U.S. E-bike Hub Motor Market study report is evaluated mainly on two segments namely types and applications which cover all the analytical data for current and future markets. The market analysis carried out in this report underlines various segments that are relied upon to witness the quickest development based on the estimated forecast frame. The report brings into light key industry trends, market size, market share estimates, and sales volume that assist automotive industry to speculate the strategies to enhance return on investment (ROI). The wide ranging U.S. E-bike Hub Motor Market report also deals with the factors like growth opportunity assessment (GOA), customer insights (CI), competitive business intelligence (CBI), and distribution channel assessment (DCA).
U.S. e-bike hub motor market is expected to gain market growth in the forecast period of 2021 to 2030. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.7% in the forecast period of 2021 to 2030 and expected to reach USD 108.43 million by 2030. Increasing traffic bottleneck in developing and developed cities is one of the prominent factors that are driving the growth of the market.
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Market Definition:
A hub motor is referred to an electric motor which is installed in the hub of the wheel. In this, instead of integrating the motors into the bicycle drivetrain, the hub motors are completely separate where electricity is run through copper wires for creating electromagnets thus creating a force and rotating the hub backward and forward.
The major players covered in the report are:
- Bafang Electric (Suzhou) Co., Ltd.
- Suzhou Shengyi Motor Co., Ltd.
- Maxon
- CHANGZHOU MXUS IMP&EXP CO., LTD.
U.S. E-bike Hub Motor Market Scope and Market Size
E-bike hub motor market is segmented on the basis of hub motor location, motor type, volt range, weight, battery type, class, sales channel and application/vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of hub motor location, the e-bike hub motor market has been segmented into mid/centre hub motor, rear hub motor and front hub motor. In 2021, mid/centre hub motor accounted for largest market share in hub motor location segment and is expected to grow at highest CAGR as it is the most suited design for pedelec e-bike and pedal assisted e bikes which are widely consumed worldwide. Also, due to its better weight distribution mid drive hub motor based e bikes are preferred.
- On the basis of motor type, the e-bike hub motor market has been segmented into internally geared and direct drive hub motor. In 2021, internally geared accounted for largest market share in motor type segment and is expected to grow at highest CAGR owing to its smooth transition features along with less drag and low weight of motor.
- On the basis of volt range, the e-bike hub motor market has been segmented into more than 36 volt and less than 36 volt. In 2021, more than 36 volt accounted for largest market share in volt range segment and is expected to grow at highest CAGR as most of the e-bike operate on 36V and above due to its low cost high power ratio.
- On the basis of weight, the e-bike hub motor market has been segmented into more than 7 pounds and less than 7 pounds. In 2021, more than 7 pounds accounted for largest market share in weight segment and is expected to grow at highest as more of the motors weigh above 7 pounds. Further, the increasing weight of batteries due to requirement of higher wattage increases the weight of motor.
- On the basis of battery type, the e-bike hub motor market has been segmented into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid and others. In 2021, lithium-ion accounted for largest market share in battery type segment due to its less maintenance and longer durability. However, lithium ion polymer is expected to grow at highest CAGR as it is advanced version of lithium ion batteries with better durability
- On the basis of class type, the e-bike hub motor market has been segmented into class I (pedal assist/pedelec), class II (throttle) and class III (speed pedelec). In 2021, class I (pedal assist/pedelec) accounted for largest market share in class type segment and is expected to grow at highest CAGR as it gives features of cycling as well electric assistance for longer cruise.
- On the basis of sales channel, the e-bike hub motor market has been segmented into OEM and aftermarket. In 2021, OEM accounted for largest market share in sales channel segment and is expected to grow at highest CAGR considering aftermarket sales of e bike motors are rare occasion and demand for after sale of such motors is less.
- On the basis of application/vehicle, the e-bike hub motor market has been segmented into city/urban, cruise, mountain/trekking bikes, racing, cargo and others. In 2021, city/urban accounted for largest market share in application/vehicle segment and is expected to grow at highest CAGR as most of the e bikes purchased are used in urban areas for cost effective and eco-friendly commuting for short distances, for instance commuting to workplace or office.
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