Technavio has been monitoring the bicycle crank motor market and it is poised to grow by USD 3.16 billion during 2020-2024, decelerating at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Bicycle Crank Motor Market 2020-2024 (Graphic: Business Wire)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the bicycle crank motor market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
- Based on segmentation by motor power, which is the leading segment in the market?
The 300W crank motor segment led the market in 2019. - What are the major trends in the market?
The increasing demand for eco-friendly transport is the major trend in the market. - At what rate is the market projected to grow?
The market growth momentum is expected to decelerate at a CAGR of almost 17% during 2020-2024. - Who are the top players in the market?
BionX International Corp., Brose Fahrzeugteile SE Co. KG, Continental AG, Derby Cycle Holding GmbH, Panasonic Corp., Robert Bosch GmbH, Shimano Inc., Sunstar Suisse SA, Yamaha Corp., and ZF Friedrichshafen AG are the top players in the market. - What are the key market drivers and challenges?
The market is driven by the enhanced performance of crank motors in hilly areas. However, high maintenance costs might challenge growth. - How big is the APAC market?
APAC dominated the market with a 54% share in 2019.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. BionX International Corp., Brose Fahrzeugteile SE Co. KG, Continental AG, Derby Cycle Holding GmbH, Panasonic Corp., Robert Bosch GmbH, Shimano Inc., Sunstar Suisse SA, Yamaha Corp., and ZF Friedrichshafen AG are some of the major market participants. Although the enhanced performance of crank motors in hilly areas will offer immense growth opportunities, high maintenance costs are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this bicycle crank motor market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Bicycle Crank Motor Market 2020-2024: Segmentation
Bicycle Crank Motor Market is segmented as below:
- Geography
- APAC
- Europe
- North America
- South America
- MEA
- Motor Power
- 300W Crank Motor
- 200W Crank Motor
- 400W Crank Motor
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Bicycle Crank Motor Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bicycle crank motor market report covers the following areas:
- Bicycle Crank Motor Market Size
- Bicycle Crank Motor Market Trends
- Bicycle Crank Motor Market Industry Analysis
This study identifies the increasing demand for eco-friendly transport as one of the prime reasons driving the Bicycle Crank Motor Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Bicycle Crank Motor Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist bicycle crank motor market growth during the next five years
- Estimation of the bicycle crank motor market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the bicycle crank motor market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bicycle crank motor market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Motor Power
- Market segments
- Comparison by motor power
- 300W crank motor Market size and forecast 2019-2024
- 200W crank motor Market size and forecast 2019-2024
- 400W crank motor Market size and forecast 2019-2024
- Market opportunity by motor power
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BionX International Corp.
- Brose Fahrzeugteile SE Co. KG
- Continental AG
- Derby Cycle Holding GmbH
- Panasonic Corp.
- Robert Bosch GmbH
- Shimano Inc.
- Sunstar Suisse SA
- Yamaha Corp.
- ZF Friedrichshafen AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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