New Study from StrategyR Highlights a $7.9 Billion Global Market for Electric Bicycle Motors by 2026

SAN FRANCISCO , June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Electric Bicycle Motors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 5; Released: January 2022
Executive Pool: 472
Companies: 13 - Players covered include Bafang Electric (Suzhou) Co., Ltd.; BionX International Corporation; Brose Fahrzeugteile GmbH & Co. KG; Continental AG; DAPU | bicycle drive systems; Derby Cycle Holding GmbH; Nidec Corporation; Ortlinghaus-Werke GmbH (Ortlinghaus Group); Panasonic Corporation; Robert Bosch GmbH; Shimano, Inc.; Suzhou Xiongda Electric Machine Co., Ltd; TDCM; Yamaha Motor Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Motor Type (Hub Motors, Mid Drive Motors, Friction Drive Motors); Operation (Pedal Assisted, Throttle Assisted, Combined); Power (Less than 350W, 350W-750W, Above 750W)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Electric Bicycle Motors Market to Reach $7.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Electric Bicycle Motors estimated at US$5.8 Billion, is projected to reach a revised size of US$7.9 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Pedal Assisted, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$4.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Throttle Assisted segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Electric Bicycle Motors market in the U.S. is estimated at US$1.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 7.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Combined Segment to Reach US$2.5 Billion by the year 2026
In the global Combined segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.