E-bikes, also known as electric bicycles, combine pedal-power with an integrated electric motor drive and battery system. They range from modest motor-assisted models to powerful e-bikes that can be driven solely by the motor. Offering versatility, eco-friendliness, and style, electric bikes are emerging as a popular mode of transportation internationally. They are seen as a practical alternative to scooters, smart cars, and public transport, contributing to reduced traffic congestion. Moreover, the health benefits of pedaling and their compact size have made e-bikes increasingly popular in the ASEAN region.
According to Data Bridge Market Research, the ASEAN E-Bike Hub Motor Market is expected to reach a value of USD 831.44 million by 2030. The market is expected to grow with a CAGR of 8.6% in the forecast period of 2023 to 2030.
“Government support to increase e-bike sales to lower CO2 emissions”
To combat CO2 emissions and promote sustainable transportation, the government is providing support to boost e-bike sales. Measures include financial incentives such as tax credits or subsidies to reduce the cost of purchasing e-bikes. Additionally, infrastructure development for e-bike charging stations and bike lanes is being prioritized. These efforts aim to encourage more people to switch to e-bikes, reducing reliance on fossil fuel-powered vehicles and lowering CO2 emissions.
What restraints the growth of ASEAN e-bike hub motor market?
“Lack of infrastructure of e-bike hub motor”
The lack of infrastructure for e-bike hub motors presents a challenge to their widespread adoption. Hub motors require specific charging stations and maintenance facilities that are currently limited in many areas. The government should prioritize the development of e-bike infrastructure, including charging stations, repair centres, and dedicated parking spaces. Through investing in these essential components, the government can address the infrastructure gap and encourage the growth of e-bike usage for a greener and more sustainable transportation system.
Segmentation: ASEAN E-Bike Hub Motor Market
The ASEAN e-bike hub motor market is segmented on the basis of hub motor location, motor type, volt range, weight, battery type, class type, sales channel and application/vehicle.
- 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.
- On the basis of motor type, the e-bike hub motor market has been segmented into internally geared and direct drive hub 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.
- On the basis of weight, the e-bike hub motor market has been segmented into more than 7 pounds and less than 7 pounds.
- 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.
- 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).
- On the basis of sales channel, the e-bike hub motor market has been segmented into OEM and aftermarket.
- 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.
Regional Insights: Thailand Dominates the ASEAN E-Bike Hub Motor Market
Thailand is dominating the ASEAN e-bike hub motor market The increasing demand for mid/center hub motor segment e-bikes is attributed to the rising need for cost-effective and environmentally friendly transportation options.
Malaysia is dominating with the second highest market share in the ASEAN e-bike hub motor market is driven by the desire to reach destinations quickly, bypassing traffic congestion in the country. This trend reflects the increasing preference for efficient and convenient transportation solutions, as e-bikes provide a reliable alternative to traditional modes of transportation.
Indonesia is dominating with the third highest market share in the ASEAN e-bike hub motor market due to the rising popularity of bike tourism and increased government support for promoting bicycle sports, there has been significant growth in the mid/center hub motor segment of the bike industry.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/asean-e-bike-hub-motor-market
Recent Developments
- In January 2021, Bafang Electric (Suzhou) Co., Ltd. announced the opening of its new plant in Suzhou. The new plant will cover overall floor area of 131,000 sqm with total area of 44,000 sqm. The new facility is designed to increase the production capacity of drive systems and core components for electric bicycles. The new facility will help the company to cater larger number of customers.
The Prominent Key Players Operating in the ASEAN E-Bike Hub Motor Market Include:
- SR SUNTOUR (Japan)
- MAHLE GmbH (Germany)
- Brose Fahrzeugteile SE & Co. KG (Germany)
- Bafang Electric (Suzhou) Co., Ltd. (China)
- Suzhou Shengyi Motor Co., Ltd. (China)
- SHIMANO INC. (Japan)
- maxon (Switzerland)
- Robert Bosch GmbH (Germany)
- Heinzmann GmbH & Co. KG (Germany)
- Yamaha Motor Co., Ltd. (Japan)
- CNEBIKES CO., LTD (China)
Above are the key players covered in the report, to know about more and exhaustive list of ASEAN e-bike hub motor market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: ASEAN 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, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
