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E-Bike Drive Unit Market Trends

  • Report ID: GMI10005
  • Published Date: Jun 2024
  • Report Format: PDF

E-Bike Drive Unit Market Trends

The growing focus on health and fitness is a significant factor driving the e-bike drive unit industry. E-bikes allow people of all fitness levels to enjoy cycling. The electric motor assists pedaling, making it easier to cover longer distances or navigate inclined paths. E-bikes provide a low-impact exercise option, minimizing stress on joints and making it suitable for people with injuries or recovering from health conditions. E-bike riding provides a cardiovascular workout, even with electric motor assistance.
 

E-bike manufacturers and retailers are increasingly highlighting the health benefits of e-bike riding in their marketing campaigns, attracting health-conscious consumers. In July 2023, Specialized, a major e-bike manufacturer, released a new range of e-bikes emphasizing the health benefits of cycling. It emphasized the integration of technology that supports various fitness levels and encourages more people to adopt cycling as a part of their healthy lifestyle. It is designed for fitness enthusiasts, with features such as advanced displays tracking workout metrics.
 

E-bikes, with their compact size and easier parking requirements, are a more practical transportation solution in congested cities. Increased e-bike adoption can help reduce traffic congestion in cities. Moreover, e-bikes take up less space on roads and can navigate through traffic more easily. Many urban commutes are relatively short distances, perfectly suited for e-bikes. The electric motor assistance allows for faster travel compared to traditional bicycles, making e-bikes an efficient way to navigate urban environments.
 

In October 2023, Shimano, a leading player in the e-bike market, emphasized that urban mobility solutions are a key focus area. They have developed new drive units specifically designed for city commuting. It addresses the growing need for efficient urban transportation and faster travel options.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of E-bike drive unit reached USD 4.4 billion in 2023 and is set to witness over 6% CAGR from 2024 to 2032, led by the rising concern for the environment.

The hub motors segment accounted for over 65% of the e-bike drive unit industry share in 2023, as hub motors integrate seamlessly into the wheel, resulting in a simpler overall design for e-bikes.

The up to 250W capacity segment in the e-bike drive unit market is projected to be worth over USD 3.7 billion by 2032, owing to the growing popularity for urban commuting and recreational cycling, providing sufficient power for most users while maintaining efficiency and battery life.

Asia Pacific market captured 40% revenue share in 2023, attributed to the growing population with high demand for affordable transportation and strong presence of e-bike manufacturers.

E-Bike Drive Unit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 21
  • Pages: 240
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