A hub motor is an electric motor installed within a bicycle's wheel hub. Unlike traditional drivetrain-integrated motors, hub motors are separate entities. They utilize copper wires to generate electromagnets, creating a force that rotates the hub in both forward and backward directions. Hub motors find extensive use in e-bikes, catering to various applications, including leisure riding, mountain hikes, casual cruising, and even racing events. The mid-drive hub motor is particularly popular as it combines the advantages of both front and rear hub motors.
According to Data Bridge Market Research the E-Bike Hub Motor Market is expected to reach USD 28.21 million by 2030. The market is expected to grow with a CAGR of 6.4% in the forecast period of 2023 to 2030.
“Rise in demand for electric vehicles with better vehicle performance”
The electric vehicle industry is witnessing a surge in popularity for e-bike hub motors due to their enhanced driving experience and increased power output. With direct power transmission from the battery to the wheels, hub motors minimize power loss and improve overall engine efficiency by reducing transmission distance. As brushless DC motors, hub motors enable independent driving and regenerative braking, presenting significant growth opportunities in the two-wheeler hub motor market.
What restraints the growth of the e-bike hub motor market?
“Lack of awareness about e-bike hub motor”
The lack of awareness about e-bike hub motors challenges their widespread adoption. Many potential users may not be familiar with the benefits and features offered by hub motors, such as improved performance and efficiency. Individuals may hesitate to embrace e-bikes equipped with hub motors without proper knowledge about these motors. Enhancing awareness through marketing campaigns, educational initiatives, and product demonstrations can help overcome this barrier and promote consumers' acceptance and understanding of e-bike hub motors.
Segmentation: South America E-Bike Hub Motor Market
The 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.
- On the basis of hub motor location, the e-bike hub motor market is segmented into front hub motor, rear hub motor, mid/centre e-bike hub motor.
- On the basis of motor type, the e-bike hub motor market is segmented into internally geared, direct drive hub motor.
- On the basis of volt range, the e-bike hub motor market is segmented into less than 36 volt, more than 36 volt.
- On the basis of weight, the e-bike hub motor market is segmented into less than 7 pounds, more than 7 pounds.
- On the basis battery type, the e-bike hub motor market is segmented into lithium-ion, lithium-ion polymer, lead acid, nickel metal hydride, sealed lead acid, others.
- On the basis of class, the e-bike hub motor market is segmented into class I, class II, class III.
- On the basis of sales channel, the e-bike hub motor market is segmented into OEM, aftermarket.
- On the basis of application/vehicle type, the e-bike hub motor market is segmented into mountain / trekking bike, city /urban bikes, cargo bikes, cruise bikes, racing bikes, others.
Regional Insights: Brazil, Argentina and Rest of America dominate the E-Bike Hub Motor Market
Brazil is dominating the South America E-bike hub motor market due to increasing demand for cost-effective and eco-friendly transportation mode. Argentina is dominating due to growing demand of eco-friendly mode of transportation and progressing bicycle tourism sector. However, Rest of America is dominating due to performance enhancement of e-bikes and government initiatives to reduce emission level in the country are augmenting the market growth.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/south-america-e-bike-hub-motor-market
Recent Developments
- In July 2020, Robert Bosch GmbH announced its new e-bike design concept, marking a decade of e-bike systems. The concept has been based on the idea of effortlessly fusing components to offer a simplistic design. This has enabled the company to improve its offering and offer a completely new design, attracting many customers and increasing its retention rate.
The Prominent Key Players Operating in the E-Bike Hub Motor Market Include:
- SR SUNTOUR (U.S.)
- MAHLE GmbH (Germany)
- Brose Fahrzeugteile SE & Co. KG (Germany)
- TranzX (Taiwan)
- Bafang Electric (Suzhou) Co., Ltd. (China)
- Suzhou Shengyi Motor Co., Ltd. (China)
- SHIMANO INC. (Japan)
- TDCM (Japan)
- Maxon (Switzerland)
- Robert Bosch GmbH (Germany)
- Heinzmann GmbH & Co. KG (Germany)
- Yamaha Motor Co., Ltd. (Japan)
- CHANGZHOU MXUS IMP&EXP CO., LTD (China)
Above are the key players covered in the report, to know about more and exhaustive list of e-bike hub motor market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: South America E-Bike Hub Motor Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, South America vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
