The use of hub motors in e-bikes for various purposes such as leisure, mountain biking, casual cruising, and racing events is a significant driver in the market. The versatility and performance offered by mid-drive hub motors, which combine the advantages of both front and rear hub motors, contribute to their widespread use. This market drives because of the demand for e-bikes equipped with efficient and versatile hub motors to cater to different riding preferences and applications.
According to Data Bridge Market Research, the U.S. E-Bike Hub Motor Market accounted for CAGR of 6.7% in the forecast period of 2021 to 2030 and is expected to reach USD 108.43 million by 2030.
“Government initiatives to reduce emission level”
Government initiatives to reduce emission levels serve as a critical driver for the U.S. E-bike Hub Motor Market. Increasing concerns over environmental pollution have led to the implementation of supportive policies, reductions in taxes, and regulations to encourage the adoption of electric bicycles. These initiatives create a favorable market growth environment, as consumers are motivated to switch to eco-friendly transportation options like e-bikes equipped with hub motors.
What restraints the growth of U.S. E-bike hub motor market?
“Limited range or battery life of e-bikes”
The limited range or battery life of e-bikes is a significant restraint in the U.S. E-bike Hub Motor Market. Consumers may hesitate to invest in e-bikes if they are concerned about running out of battery power during longer rides. The need for frequent recharging or the limited distance that can be covered on a single charge can affect the practicality and convenience of e-bikes, potentially impeding their widespread adoption and hindering market growth in the U.S..
Segmentation: U.S. E-bike Hub Motor Market
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 has been segmented into mid/centre 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, 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.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/us-e-bike-hub-motor-market
Recent Development
- In January 2021, Bafang Electric (Suzhou) Co., Ltd. unveiled its new Suzhou plant. With a floor area of 131,000 sqm (44,000 sqm total area), the facility aims to bolster the production capacity of drive systems and core components for electric bicycles. By expanding its capabilities, the company can effectively cater to a broader customer base, meeting the growing demand in the market.
The Prominent Key Players Operating in the U.S. E-bike Hub Motor Market Include:
- Bafang Electric (Suzhou) Co., Ltd. – (China)
- Suzhou Shengyi Motor Co., Ltd. – (China)
- Maxon – (Switzerland)
- CHANGZHOU MXUS IMP&EXP CO., LTD. – (China)
Above are the key players covered in the report, to know about more and exhaustive list of U.S. e-bike hub motor market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global U.S. 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.
