E-Bike Hub Motor Market Overview
The "E-bike hub motor market" size was worth US$ XX billion in 2022 and is estimated to reach US$ XX billion by 2029, growing at a CAGR of XX % during the forecast period (2024-2031).
The hub motor is one of the most prominent types of motors used in E-bikes to translate electrical energy into mechanical energy using brushless DC motors. Hub-driven E-bikes motors are categorized into two types based on the position of installation: front hub and rear hub. The E-Bike hub motors can be of a gearless and geared hub and provide the following advantages over mid-drive motors: bulletproof and low maintenance, comparatively cheaper and reliable, high power and lightweight, stealthy and discreet. The E hub motors are gaining importance with increasing demand for E-bikes and continuous support from governments to shift towards electric vehicles.
E-Bike Hub Motor Market Scope
| Metrics | Details |
| CAGR | High |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Type, Installation, Voltage, Distribution Channel and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Largest Region | Europe |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Motor Market Dynamics
The global E-bike hub motor market growth is driven by strict government regulations to control emissions, increasing demand for eco-friendly transportation, and regular fuel price hikes
Increasing demand for eco-friendly transportation
The market is expected to boost with increasing demand for eco-friendly transportation in countries such as India, China, and the U.S. For example, the U.S. has subsidized the purchase of E-bike and E-motorcycles to promote environment-friendly transportation. In January 2018, Governor Brown signed Executive set targets for installing 250,000 electric vehicle chargers to support 1.5 million zero-emission vehicles ZEVs on California roads by 2025, on the path to 5 million ZEVs by 2030. According to the New York Times report, electric bike sales grew by 145% in the U.S between 2019 and 2020. According to the Light Electric Vehicle Association, the US imported around 270,000 electric bicycles in 2019 and it is expected to double the figure to 600,000 E-bikes this year.
The growth in the market results from the changing end-user preference to adopt zero-emission vehicles and favorable government policies to curb emissions. According to the market report from CONEBI, 2019, more than 3 million E-bikes were sold in the EU with a substantial increase of 23% from the last year. Also, E-bike sales presently represent 17% of all complete bicycle sales made in the EU.
Alternative for hub motors
The easy availability of mid-drive motors as an alternative is the major factor responsible for restraining the E-bike hub motor market growth because mid-drive motors provide higher performance and torque than the similarly powered traditional hub motor.
The mid-drive motor operates the crank instead of the wheel, increasing its power and allowing it to take advantage of the bike's existing gears. Mid-drive motors are preferred over hub motors for steep climb hills and changing tires is easier on mid-drive e-bikes. Also, the high cost and increase in the unsprung weight of the wheel can restrain the growth of the hub motor market.
COVID-19 Impact Analysis ON E-Bike Hub Motor Market
Due to the pandemic, stakeholders across the E-bike hub motor industry have seen a notable impact as all the production work, factories, and other activities were closed. The market suffered a decline in 2020 due to reduced demand with traveling restrictions and all other activities. China is one of the prominent manufacturers and suppliers of vehicles, raw materials, and finished products globally. The production was hindered by halts and supply chain disruption globally. After the pandemic, there are still various restrictions imposed by the governments, such as working with half the workforce and fewer operating hours hindering the market's production cycle.
Market Segment Analysis
By installation, the E-bike hub motor market is broadly classified into a front hub motor and rear hub motor.
The rear hub motor market is expected to grow at the fastest CAGR during the forecast period (2021-2028)
The rear hub motor is expected to hold the largest market in the E-bike hub motor market and will continue its dominance in the forecast period. The rear hub motor is more popular due to the following features over the front hub motor: better traction and stronger frame mounting, avoiding odd gyroscopic effects when steering at higher speeds, and providing high pushing power.
Due to numerous advantages, the rear hub installation is preferred by the leading manufacturers. For instance, In 2021, FSA System has developed its complete system weighing 3.98 kg with a 250Wh lithium-ion energy source and control unit and 250w rear-hub motor, rated at 42Nm of torque for road, gravel, and commuter applications.
In 2019, Italian bike manufacturer Colnago launched their first electronically assisted bike, the Colnago E64, with a 250-watt rear hub motor. In 2017, Bafang launched a new H800 gear-drive rear hub motor with E-MTB and speed pedelec applications in mind.
Market Geographical Analysis
Europe region holds the largest market for the global E-bike hub motor globally
The Europe region holds the largest market share for the E-bike hub motor market globally and is expected to continue its dominance in the forecast period with increasing annual demand owing to partnerships, contracts and agreements, and new product launches from the leading companies. According to the Forbes report, sales of bicycles are expected to rise in the forecast period with E-bikes leading the sector. The region is expected to boost with sales of 10 million bikes per year by 2030.
The region has emerged with development and innovations in the market, such as the FSA system's start of mass production of E-bikes in July in Italy. FSA system has aimed to produce E-bikes with the capacity of 10,000 units annually, which will be increased gradually. Gocycle launched the fourth generation of folding E-bikes in March, featuring an all-new hub motor with a lighter weight frame, carbon fiber chassis, and fork.
In 2020, Bafang, one of the leading manufacturers of E-mobility components, opened a new branch in Germany for an extended range of tasks and planned activities. Also, in July 2020, Robert Bosch GmbH launched a new E-bike design concept based on the readily fusing components for a simplistic design.
Market Competitive Landscape
The E-bike hub motor market is moderately competitive with the local player’s presence followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Mahle GmbH, QS Motor, Bafang Electric Co. Ltd, Schaeffler Group, Jiashan Neo power International Trade co. Ltd., NTN Corporation, Elaphe Propulsion Technologies Ltd., Tajima EV Corporation, Robert Bosch GmbH, Specialized Bicycle Components, Heinzmann GmbH & Co. KG and others. The major players are adopting various new strategies to dominate the market, such as launching new products, acquisitions, and collaborations, which are contributing to the growth of the E-bike hub motor market globally.
MAHLE GmbH
Overview: MAHLE GmbH is a leading supplier and development partner of the automotive industry with 160 production locations and 16 R&D centers. The company had sales of EUR 12.0 billion in the year 2019.
Product Portfolio: The Company manufactures various products for E-mobility including E-drive systems, E-bike, MEET, thermal management ChargeBIG, electronics, and electric auxiliaries.
Key Development: In 2020, Mahle GmbH launched a new generation of the drive system for E-bikes. The X35+ system consists of a wheel hub motor, battery, and control units and can be integrated almost invisibly into a bicycle frame.
Why Purchase the Report?
- Visualize the E-bike hub motor market segmentation by type, E-bike, installation, voltage, distribution channel, and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in the E-bike hub motor by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of E-bike hub motor market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global E-bike hub motor market report would provide access to an approx: 77 market data tables, 68 figures, and 180 pages.
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