This market research report includes a detailed analysis of the global bicycle crank motor market with forecast until 2019. It outlines the market shares for key regions such as APAC, EMEA, and the Americas. The leading vendors analyzed in this report are Bosch, Continental, Panasonic, and Yamaha.
Technavio’s market research analysts estimate the global bicycle crank motor market, to grow at a CAGR of 8% between 2016 and 2020. The growth of the e-bike and pedelec markets and increased use of crank motors in pedelecs are the key factors that drive the demand for bicycle crank motors. APAC dominates the global market for bicycle crank motors, occupying around 86% of the total market revenue. Crank motors are highly popular in this region, with China being the major revenue contributor. Over 30% of the total e-bikes and pedelecs across the globe use crank motors, and this trend is expected to increase further over the next four years.
The new market research report from Technavio provides a breakdown and analysis of the bicycle crank motor segments by technology.
“Vendors are coming up with next-generation crank motors and batteries, focusing on building lighter motors for faster movement of bicycles. Manufacturers are equipping crank motors with sensors which record the crank torque, crank speed, and bicycle speed and give its input to the processing unit. They are also using alloys and other coatings to reduce the weight of the crank motors in e-bikes,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
Growing concerns for clean energy transportation and rising traffic congestion are expected to further accelerate the demand for e-bikes that largely use crank motors. E-bikes are widely used in countries such as China, Europe, and North America. The rapid increase in urban population has hiked the number of individual commuters and freight movement in these regions. Such developments have resulted in traffic congestion, subsequently propelling the popularity of e-bikes. With more and more end-users and manufacturers preferring crank motors over hub motors set to witness substantial growth during the forecast period.
The key vendors in the global bicycle crank motor market include Bosch, Continental, Panasonic, and Yamaha. Thanks to growing investments in R&D by the leading market vendors to improve the efficiency of E-bikes, the adoption of bicycle crank motors is set to rise. The market is expected to witness intense competition while attracting many new players during the forecast period.
A more detailed analysis is available in the Technavio report, Global Bicycle Crank Motor Market 2016-2020.
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