LOS ANGELES - November 27, 2019 - (Newswire.com)
QY Research has published a new market study in its recent report, titled “Global E-Bike Motors Market Research Report 2019-2025”. As per the report, the global E-Bike Motors market was valued at US $1.9 billion in 2018 and is anticipated to reach US $2.8 billion by the end of 2025. The market is expected to register a moderate growth of a CAGR of 5.8 % during 2019-2025. E-Bike Motors offer moderate speed, long-distance capacity and high power.
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High Levels of Pollution to Drive the Growth of the Global E-Bike Motors Market
Growing concerns to curb increasing air and noise pollution has led to the market witnessing high demand for E-Bike Motors. The need for economic transportation and increasing traffic is a major factor driving the growth of the market. The absence of stringent rules and regulations regarding the procurement of E-Bike Motors is another factor contributing to the growth of the market. Some E-Bikes offer peddle assist, which is a popular feature among customers, as it promotes fitness and is contributing to the growth of the market.
Affordability of Hub Motors to Create Positive Impact on the Global E-Bike Motors Market
The market is segmented into mid-motors and hub motors, based on product type, while the application segment is sub-segmented into aftermarket and OEM. Hub motors are the most commonly available bikes on the market. In this type of bike, the electric motor of the bike is placed in the center of the bike wheel. Hub motors are more affordable and reduce bike maintenance tasks, which is likely to create robust growth of the market.
Government Imposed Laws to Curb Vehicle Pollution is Expected to Propel the Market Growth
The Asia-Pacific region is expected to grab a significant share of the market. China has launched initiatives to spread awareness about the eco-friendly environment and has imposed regulations against vehicle emissions. This has resulted in a high demand for E-Bike Motors in the region. Countries such as France, Germany, the U.K., and the Netherlands are expected to witness increasing demand for E-Bike Motors, which is fostering the growth of the market.
Increasing Collaborations and Partnership Activities Among Market Players is the Key Feature of the Global E-Bike Motors Market
Wuxi Xingwei, Bosch, Xin Da Yang, Ananda, Bafang, Sinemotor, Continental, Shimango, Yamaha, Dapu Motors, TranzX, and Derby Cycle are some of the top manufacturers operating in the E-Bike Motors market. The leading companies are focusing on strategies such as collaborations, mergers and acquisitions, and partnerships. Companies are also focusing on new product development to offer better options for consumers.
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Related Links
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Original Source: Global E-Bike Motors Market to Reach US $2.8 Billion by 2025
