Global Top E-bike Trends Drive Unit Revolution: Worldwide E-bike Market Statistics and Facts

 

 

Overview

The part of an electric vehicle (EV) that transforms electrical energy from the battery into mechanical energy to power the wheels is called the drive unit, sometimes referred to as the powertrain or propulsion system. It comprises many parts, such as the inverter, transmission, and electric motor. The global e-bike drive units market size is expected to grow from USD 6.11 billion in 2023 to USD 12.6 billion by 2033, at a CAGR of 7.51% during the forecast period 2023-2033. The drive unit, which supplies electricity to the wheels, is the brains and heart of an electric vehicle. An electric vehicle (EV) could not move without a drive unit.

 

Advancements in E-bike drive units

The global market comprises some of the leading companies in the e-bike drive unit industry, such as Robert Bosch GmbH (Germany), Panasonic Industry Europe GmbH (Netherlands), SHIMANO INC (Japan), Yamaha Motor Co., Ltd. (Japan), and Bafang Electric. For instance, in July 2023, A revolutionary AI and IoT-based e-bike Max System from Vinka (China) was introduced at EUROBIKE 2022. Included in this new e-drive system, the Vinka AIoT Max System, is an in-house-developed smart box called VBox, an in-house-developed Vinka drive unit, a battery, a display, and more. Between Vinka Cloud and IoT devices, it will enable bidirectional communication. Drive units that automatically modify power output in response to the rider's pedaling style and the kind of terrain are being developed by certain firms.

 

Government Initiatives and Regional Market Expansion

 

• A bill that would provide consumers with a tax benefit when they buy new electric bikes has been reintroduced by federal parliamentarians. More ardent supporters of electric bicycles will be eligible for subsidies if the bill is passed.  The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act would provide new e-bikes under the $8000 price range with a refundable tax credit equal to 30% of the bike's cost, maximum at $1,500.  Currently, there are electric bicycle rebate programs in place in a few US municipal governments. To take advantage of further subsidies for buying electric bicycles, check your state's rules.

 

• The majority of revenue and consumption share came from Asia Pacific. One of the main factors propelling the e-bike market's rise in China is the country's substantial e-bike production. The bulk of e-bikes produced worldwide are subsidized by China alone, and this trend is expected to continue in the years to come. The region's expansion is anticipated to be fueled in part by the increasing use of shared e-bikes in Spain, Germany, Belgium, the Netherlands, and many other EU-27 nations. Moreover, growing consumer awareness and the region's growing ubiquity of E-Bike Drive Unit producers enhance overall market demand.

 

Insights and Projections: Global E-bike Drive Units Market Analysis

The report provides a summary of the global top trends and future prospects for the global e-bike drive units market based on historical data sets (current trends, industry statistics, and emerging trends shaping the e-bike drive units industry’s future, preliminary estimates from 2020-2021, 2022, and 2023), as well as projections for the global e-bike drive units trends and future prospects for global regions in 2024 and 2025. This data-driven research offers users an industry-wide view of emerging technologies and innovative insights to help them make critical business decisions.  

 

Growth Factors and Emerging Trends in the E-bike Drive Units Industry

 

1. Governments provide tax incentives or subsidies to those who buy e-bikes.

Governments provide tax incentives or subsidies to those who buy e-bikes. This lowers the initial cost for buyers significantly, increasing the accessibility of e-bikes for a larger group of people. Lower prices would probably encourage more individuals to think about buying e-bikes, which will increase demand for e-bike drive units. Investments in secure e-bike parking spaces and bike lanes encourage more people to adopt e-bikes for commuting. This makes riding an e-bike more convenient and safer. E-bikes are a more sensible option because of government backing for the installation of charging stations in public areas and businesses. Potential e-bike riders no longer experience range anxiety as a result. The U.S. Department of Energy announced a new electric bicycle subsidy program in April 2024, with tax credits of up to USD 1,500 available for e-bike purchases. This initiative, which is a component of a larger plan to attain carbon neutrality by 2050, attempts to promote the use of e-bikes. This program encourages the adoption of e-bikes and boosts the market for e-bike drive systems.

 

1. Growing ai use in e-bike drive units to drive market expansion

Most manufacturers are following the trend of developing and using motors that are greater wattage, more efficient, and more powerful. These strong electric motors offer further benefits, such increased torque and power, for ascending difficult terrain. They also offer quicker acceleration, which is advantageous for long-distance riders who commute from cities.  Another significant trend among manufacturers is the incorporation of AI technology in drive units to optimize power, enhance the riding experience, and improve battery life and output.

 

Opportunities and Future Prospects in the E-bike Drive Units Industry

 

1. Boosting Industry Share by Growing E-Bike Adoption

The need for e-bikes has increased due to people's growing concern for the environment and the growing desire for environmentally friendly transportation. The demand for electric bicycles and e-bike drive units rises in tandem with the growing popularity of cycling. Moreover, the trend toward easy zero emission methods has increased with urbanization, which has elevated the use of electric bikes over conventional cars. Additionally, the advantages of e-bikes for health and well-being are encouraging their adoption in many developed and developing nations. Drive units are now more efficient due to advances in motor and battery technologies. As a result, there are now more different types of e-bikes on the market.

 

List of Key Companies in the E-bike Drive Units Industry

1. DCM Corporation Limited
2. Robert Bosch GmbH
3. Suzhou Xiongda Motor Co. Ltd
4. Yamaha Motor Co. Ltd
5. Continental AG
6. Suzhou Bafang Electric Motor Science-Technology Co. Ltd
7. Panasonic Corporation of North America
8. Shimano Inc.
9. Bafang Electric (Suzhou) Co., Ltd.
10. SPORTTECH Handels GmbH

 

Top 5 Players in the E-bike Drive Units Industry

1. Robert Bosch GmbH

 

Headquarters: Baden-Württemberg, Germany.

Bosch is a technology and services provider. It is a division of Robert Bosch Stiftung GmbH Approximately 429,000 colleagues work for it internationally. approximately 2023, the business brought approximately 91.6 billion euros in revenue. Auto components and accessories, eBike systems, motor vehicle technology, home appliances, security systems, solar inverters, packaging technology, industry solutions, and business process management solutions are just a few of the many goods and services that the company provides. The company services customers in the automotive, consumer electronics, and BPO industries in the Americas, Europe, Asia Pacific, and Africa in addition to sales and service partners, subsidiaries, and regional businesses. The headquarters of Bosch are in Stuttgart, Germany.

 

2. Yamaha Motor Co. Ltd

 

Headquarters: Shizuoka, Japan.

Yamaha Hatsudoki Kabushiki gaisha is a Japanese motor manufacturer that manufactures outboard motors, motorbikes, motorboats, and various other powered products. The corporation, which has its headquarters in Iwata, Shizuoka, Japan, was founded in 1955 following its split from Nippon Gakki Co., Ltd. (now Yamaha Corporation). As of 2012, the company's 109 consolidated subsidiaries carried out development, production, and marketing activities. The majority of the consolidated revenue comes from the motorcycle business, which produces both on- and off-road motorcycles as well as related motorcycle parts. The company's second-biggest revenue generator, Marine Products, produces boats, personal watercraft, and outboard motors. Asia accounts for the lion's share of Yamaha's sales, with North America and Europe following closely after.

 

3. Continental Corporation

 

Headquarters:   Hanover, Lower Saxony.

Continental Corporation is an automotive manufacturer that produces tires, brake systems, chassis, safety, and powertrain components, as well as various automotive technology products. In addition to systems and parts for powertrains and chassis, vehicle electronics, instrumentation, infotainment solutions, tires, and technical elastomers, it specializes in producing and marketing brake systems. It provides technologies for motion and motion-control systems, brakes, chassis, and safety. For a variety of clients, including those with passenger cars, trucks, buses, construction site vehicles, special vehicles, bicycles, and motorbikes, the company also sells tires and offers tire repair services. Additionally, the company provides tire management and digital tire monitoring systems. Customers from Asia, Europe, North America, Africa, South America, and Australia are served by the business. The headquarters of Continental are located in Hanover, Niedersachsen, Germany.

 

4. Bafang Electric

 

 

Headquarters: Suzhou, China.

Bafang Electric Suzhou Co Ltd is a Chinese firm principally dedicated to the research and development, production, marketing, and support services of electric bike motors and supporting electrical equipment. The company's products are mostly employed in electric treadmills (pedelec), which are also known as electric-assist bicycles. The company was created in 2003 and has its headquarters in Suzhou, China. The company's major products are mid motors, rear motors, front motors, gear hubs, batteries, human-machine interface (HMI), and other goods used in mountain bikes, road bikes, city cycles, and other types of electric bikes. Following modification, the Company's in-wheel motors can be used in electric wheelchairs, electric scooters, garden mowers, and other applications. The Company does business in both domestic and international markets.

 

5. Suzhou Shengyi Motor Co., Ltd.

 

Headquarters: Suzhou China.

Founded in 2003, Suzhou Shengyi Motor Co., Ltd. is a prominent manufacturer focused on the creation, research, manufacturing, sales, and servicing of electric bicycle motors in China. We are a well-known manufacturer of electric bicycle motors, and our goods are sold all over the world. The goods are exported to international markets, particularly Europe, and are well-liked throughout the nation. USA. Middle East and other regions have already established a solid name both domestically and internationally, receiving great appreciation from clients abroad. For over a decade, SHENGYI has dedicated itself to the development and manufacturing of electric bicycle motors and related systems. They consistently introduce cutting-edge products; now, these include friction gear, e-bike and electric scooter motors, hub generators, folk-lift truck motors, and other customized motors. The company has obtained certification for CE, ISO9000, ROHS, and 3C, and numerous items have been verified by National New Technology and New Production.

 

Recent Development

 

• In February 2024, Yamaha Motor Co., Ltd. declared today that it had invested in World of River Limited, Inc., an Indian startup company that produces and markets electric scooters. This investment is made through third-party allocation for River's Series B funding round.

 

• In January 2024, A partnership was formed between Passila Bicycles and Revonte (Finland). The company will install Revonte's ONE Drive System, an e-bike drive system, on its e-bikes through this cooperation.

 

• In March 2023, a partnership was formed between Passila Bicycles and Revonte (Finland). The company will install Revonte's ONE Drive System, an e-bike drive system, on its e-bikes through this cooperation.

 

• In June 2023, Driven Technologies Inc. has marked a significant milestone in its history by showcasing 'Orbit Drive,' a revolutionary all-in-one e-bike drive system, at Eurobike Frankfurt this week.

 

• In November 2023, Continental and DeepDrive, a Munich-based high-tech startup, have formed a strategic alliance to develop key electric car technologies. The first milestone will include both businesses working together to build a single unit that combines brake and driving components and is mounted directly on the wheel of the vehicle. Having produced several cars on a big scale, DeepDrive is an expert in the creation of efficient electric motors.

 

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