South America E-Bike Hub Motor Market, By Hub Motor Location (Front Hub Motor, Rear Hub Motor, Mid/Centre E-Bike Hub Motor), Motor Type (Internally Geared, Direct Drive Hub Motor), Volt Range (Less Than 36 Volt, More Than 36 Volt), Weight (Less Than 7 Pounds, More Than 7 Pounds), Battery Type (Lithium-Ion, Lithium-Ion Polymer, Lead Acid, Nickel Metal Hydride, Sealed Lead Acid, Others), Class (Class I (Pedal Assist / Pedelec), Class II Throttle, Class III (Speed Pedelec)), Sales Channel (OEM, Aftermarket), Application / Vehicle Type (Mountain / Trekking Bike, City /Urban Bikes, Cargo Bikes, Cruise Bikes, Racing Bikes, Others) Country (Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2030.
Market Analysis and Insights: South America E-bike Hub Motor Market
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 6.4% in the forecast period of 2021 to 2030 and expected to reach USD 28.21 million by 2030. Rapid adoption of e-bikes to reach their destination by avoiding any delay due to high traffic is acting as a major factor which is driving the growth of South America e-bike hub motor market.
Growing rapid need for environment friendly mode of transportation in various regions is a prominent factor for the growth of e-bike hub motor market. For instance,
In March 2020, Bafang Electric (Suzhou) Co., Ltd. announced the launch of M200 mid drive system. The new product is designed for its suitability in e-City and e-Touring segment and offered smooth and silent functioning with motor weight of 3.2 kg. The new product increased the product portfolio of the company.
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.
Hub motors are mostly used in e-bikes which are used for leisure purposes, for mountaineering hikes, for casual cruising as well as for racing events. Mid-drive hub motor is widely used since it offers best of both front and back hub motors.
Government initiatives to reduce emission level are driving the market growth. The competition in the market is getting severe as market players are expanding their presence, service and support for Chinese market. For instance,
This E-bike hub motor market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
South America 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/center hub motor, rear hub motor and front hub motor. In 2021, mid/center 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.
E-bike Hub Motor Market Country Level Analysis
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 countries covered in South America E-bike hub motor market report are Brazil, Argentina and Rest of South America.
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.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Favourable Government Initiatives for Reducing Emission
E-bike hub motor market also provides you with detailed market analysis for every country growth in installed base of different kind of products for E-bike hub motor, impact of technology using life line curves and changes regulatory scenarios and their impact on the E-bike hub motor market. The data is available for historic period 2011 to 2019.
Competitive Landscape and E-bike Hub Motor Market Share Analysis
E-bike hub motor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to E-bike hub motor market.
The major players covered in the report are SR SUNTOUR, MAHLE GmbH, Brose Fahrzeugteile SE & Co. KG, TranzX, Bafang Electric (Suzhou) Co., Ltd., Suzhou Shengyi Motor Co., Ltd, SHIMANO INC., TDCM, Maxon, Robert Bosch GmbH, Heinzmann GmbH & Co. KG, Yamaha Motor Co., Ltd., CHANGZHOU MXUS IMP&EXP CO., LTD among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In July 2020, Robert Bosch GmbH announced their new e-bike design concept which marks a decade of e-bike systems. The concept has been based on the idea of easily fusing components for offering a simplistic design. This has enabled the company to improve their offering and offer a completely new design which has attracted lot of customers as well as increased their retention rate.
Product launch, acquisition and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for E-bike hub motor through product portfolio of the companies.
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