E-Bike Drive Unit Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Report Segments Global Ebike Motor Manufacturers and the Market is Segmented by Motor Type (Mid-drive, Direct Drive Hub Motor, Geared Hub Motor, and Friction Motor), E-bike Type (Urban, E-mountain/E-MTB, and E-cargo), Capacity/Output (Below 250W, 250W- 500W, and 500W and Above), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the market size and forecasts in value (USD billion) for all the above segments.

E-bike Motor Market Size

E-bike Motor Market
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR 16.16 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players


*Disclaimer: Major Players sorted in no particular order


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E-bike Motor Market Analysis

The E-Bike motor market is valued at USD 3.96 billion and is expected to surpass the market value of USD 8.27 billion by the end of the forecast period by registering a CAGR of 16.16%.

The Electric bike motor market is currently experiencing rapid growth, due the several factors such as eco-friendly transportation, health consciousness, and a growing focus on sustainable transportation. The rise in vehicular gas emissions and noises is leading to a high level of pollution in major cities across the world. The demand for clean energy and high-powered vehicles is witnessing a healthy growth rate, and this factor is driving the market for e-bikes around the globe. Over the medium term, apart from growing customer preference toward adventure and recreational activities, the expansion of e-bike applications in various sectors, such as e-bike rental services and logistics, is anticipated to fuel the demand for e-bike motors over the forecast period.

Furthermore, the increase in fuel costs over the past decade have led to a rise in the adoption of electric bicycle as a mode of daily commute. the rise in fuel prices is the result of a surge in crude oil costs which are majorly controlled by the Organization of the Petroleum Exporting Countries. As cities across the world arise from lockdowns, the demand for e-bikes has been growing, owing to their low cost of operations and convenience. Also, with the continually growing environmental and health concerns due to the increasing emission levels, governments and international organizations worldwide are enacting stringent emission norms to reduce carbon emission levels. additionally, the development of high-performance e-bikes is anticipated to help drive the demand for e-bike motors significantly over the forecast period.

E-bike Motor Market Trends

Increasing Technological Advancement to Enhance Growth of the Market -

The demand for e-bike motors is expected to continue to rise during the forecast period, as few e-bike motor manufacturers have started primarily focusing on developing and improving their motor product portfolios. Advancements in motor technology and battery systems can enhance the performance, efficiency, and range of e-bike motors, making them more appealing to a wider consumer base. Several key players operating across multiple sectors started focusing on improving their customer base by extending their services to be user-friendly. For instance,

In March 2023, Stryder launched the Stryder Zeeta, the latest in a series of technologically advanced electric bicycles backed by Tata Motors. Zeeta has an eye-catching design, with green and gray colors priced at INR 25,599. Stryder Zeeta is equipped with a powerful 36 V 250 W BLDC rear hub motor to give a seamless experience. Its innovative design includes a lithium-ion battery and controller integrated into the frame that can be fully charged in just 3 hours and a range of up to 40 km on a single charge in hybrid riding mode. Zeeta's advanced safety features include automatic cut-off braking for maximum driver protection.

In June 2023, Hyundai launched the Rayvolt Exxcite electric bicycle with a sleek and stylish design for the French market. The Hyundai ExxciteNext has a 250 W EPAC hub motor with a maximum torque of 50 Nm. It has a top-assisted speed of 16mph, and its in-built torque sensor ensures a seamless and smooth power delivery. The e-bike has a removable 14 Ah battery pack that seats neatly within the seat post. The battery offers a range of up to 50 miles on a single charge. These advancements act as drivers for the electric bike motor market. As a result, the cumulative effect of these aspects is likely to create positive momentum, attracting more buyers and ultimately strengthening the demand for the electric bike motor market.

E-Bike Motor Market_Key Trend 1

Asia-Pacific is Expected to Witness Higher Growth During the Forecast Period -

The Asia-Pacific region is expected to be the market leader, and it is anticipated to remain dominant in the coming years. China is expected to experience a higher growth rate in the Asia-Pacific market due to the huge sales of e-bikes. China has contributed to more than 50% of the Asia-Pacific e-bike motor market over the past two years, due to its high consumption of electric bikes to tackle heavy traffic conditions, as well as growing vehicle pollution in the country. According to the China Bicycle Association, yearly electric bicycle sales in China surpassed 30 million units in recent years, with social e-bike ownership approaching 300 million units, and the output of bikes exceeding CNY 1,000 continues to rise. Annual production for 2021 is recorded at 33.7 million units. During the forecast period, the consumption of e-bikes is likely to continue to grow due to the decreasing purchase cost of e-bikes in the Chinese market.

Furthermore, India, South Korea, and Japan are also anticipated to grow significantly during the forecast period. The Indian e-bike motor market is currently in its early stages of development, with numerous local companies offering a diverse array of products. For instance, in January 2023, EMotorad launched India's affordable range of e-bikes at EM Summit 2023 in India. The E-bike has a 250 W rated power motor with 120 Nm torque. The demand for e-bike motors in tier-1 cities is rapidly increasing, as the sales registered a double-digit annual growth rate in India during the last few years. Some of the key factors propelling the growth of the market are the growing awareness of eco-friendly transportation choices like e-bikes and cycles to work and schemes provided by governments for the acquisition of e-bikes. Owing to such factors the demand for E-bike motors market will remain in a growth trajectory over the coming years and will have a subsequent positive impact on the E-bike motor market.


E-bike Motor Industry Overview

The e-bike motor market is dominated by various international and regional players such as TDCM Corporation Limited, Robert Bosch GmbH, Suzhou Xiongda Motor Co. Ltd, Yamaha Motor Co. Ltd, Dapu Motors, Suzhou Bafang Electric Motor Science-Technology Co. Ltd, Panasonic Corporation of North America, TRANZX, Shimano Inc., NIDEC CORPORATION, SPORTTECH Handels GmbH, and others. To have an edge over competitors, the major e-bike motor manufacturers are launching innovative products. For instance,

In August 2023, Bosch launched its brand new lightweight e-bike motor, the Bosch Performance SX, intended for lightweight e-bikes, EMTB, gravel, or urban rides. The idea offers bike manufacturers the opportunity to build more maneuverable and responsive e-bikes using preferred Bosch smart system components, with a combined battery and motor weight of just 4 kg, to benefit the end user.

In April 2023, Dost Bikes, one of the leading e-bike manufacturers in Canada, introduced a slick-looking electric cargo bike. The cargo e-bike has a maximum capacity of 440 lb. (200 kg), providing opportunities to mix and match cargo. The e-bike Power comes from a 120Nm Bafang M600 mid-drive motor with two high components, a torque sensor, and throttle functionality.

In July 2023, Trek announced the launch of the Fuel Exe Alloy electric mountain bike as a lower and more affordable version of its Fuel e-bike lineup. The bike comes with an aluminum frame, compared to the carbon frame of the original model. The Fuel Exe Alloy has the TQ silent HPR50 motor that delivers a more natural pedal feel. It has 50Nm of torque, which provides a sufficient boost on the mountain trail.

E-bike Motor Market Leaders

  1. TDCM Corporation Limited

  2. Robert Bosch GmbH

  3. Yamaha Motor Co., Ltd

  4. Shimano Inc

  5. Bafang Electric (Suzhou) Co., Ltd.

*Disclaimer: Major Players sorted in no particular order

E-bike Motor Market Concentration

E-bike Motor Market News

  • In May 2023, Yamaha launched two new electric Urban Mobility models, BOOSTER Easy eBike and BOOSTER S-pedelec. Both the models are equipped with the very latest PWseries S2 motor od 250 W capacities which is one of the most sophisticated designs in the class and a 630 Wh 36V Yamaha battery.
  • In July 2023, Basso Volta, an Italian e-bike manufacturer, announced a light Italian e-bike with a carbon frame and an advanced display. The bike weighs merely 15.2 kg. Volta's performance is equally impressive, housing a powerful 500 Wh battery discreetly integrated into the downtube and providing a claimed range of 200 km (125 miles) on a single charge. The heart of this Italian e-bike is the Polini EP3+ motor, which delivers an impressive 75 Nm of torque and 250 W of assistance.
  • In June 2023, Bosch announced its new Performance Line SX motor, with a claimed output of 600W peak power and 55Nm of torque. The Performance Line SX is the first lightweight motor from the German brand, with a claimed weight of 2kg.

Ebike Motor Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

      1. 4.1.1 Growing Demand for Eco-friendly Transportation

      2. 4.1.2 Others

    2. 4.2 Market Restraints

      1. 4.2.1 High Initial Buying Cost And Increasing Recalls of E-Bike

      2. 4.2.2 Others

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Motor Type

      1. 5.1.1 Mid-drive

      2. 5.1.2 Hub Motor

    2. 5.2 Application Type

      1. 5.2.1 Urban

      2. 5.2.2 E-mountain/E-MTB

      3. 5.2.3 E-cargo

    3. 5.3 Capacity Type

      1. 5.3.1 Below 250W

      2. 5.3.2 250W- 500W

      3. 5.3.3 500W and Above

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Netherlands

        7. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. South America

        2. Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 TDCM Corporation Limited

      2. 6.2.2 Robert Bosch GmbH

      3. 6.2.3 Suzhou Xiongda Motor Co. Ltd

      4. 6.2.4 Yamaha Motor Co. Ltd

      5. 6.2.5 Dapu Motors

      6. 6.2.6 Suzhou Bafang Electric Motor Science-Technology Co. Ltd

      7. 6.2.7 Panasonic Corporation of North America

      8. 6.2.8 TRANZX

      9. 6.2.9 Shimano Inc.

      10. 6.2.10 NIDEC CORPORATION

      11. 6.2.11 Ananda Drive Techniques (Shanghai) Co. Ltd

      12. 6.2.12 Mahle GmbH

      13. 6.2.13 Brose Fahrzeugteile Gmbh & Co. KG

      14. 6.2.14 Yadea Technology Group Co. Ltd

      15. 6.2.15 SPORTTECH Handels GmbH


E-bike Motor Industry Segmentation

The e-bike motor supplies the e-bike with power by drawing energy from batteries and supplying it to the shaft connected to the chainring, which spins and generates torque. Rather than adding a power source, the motor is enhancing pedaling power in the bike's chain drive. In addition, the motor pack also has a gear-reduction system. there are different types of E-bike motors come in various types, such as hub motors, and mid-drive motors, and are powered by rechargeable batteries.

The e-bike motor market is segmented by motor type, application type, capacity type, and geography. By motor type, the market is segmented into Mid-drive and hub motor. By application type, the market is segmented into urban, E-mountain/E-MTB, and E-cargo. By capacity/output type, the market is segmented into below 250W, 250W- 500W, and 500W and above. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

The report offers the market size in value (USD) and forecasts for all the above segments.

Motor Type
Hub Motor
Application Type
Capacity Type
Below 250W
250W- 500W
500W and Above
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa

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Ebike Motor Market Research FAQs

The E-bike Motor Market is studied from 2018 - 2028.

The E-bike Motor Market is growing at a CAGR of 16.16% over the next 5 years.

The E-bike Motor Market is valued at 4 Billion USD in 2018.

The E-bike Motor Market is valued at 8 Billion USD in 2028.

Asia-Pacific is growing at the highest CAGR over 2018 - 2028.

Asia-Pacific holds highest share in 2022.

TDCM Corporation Limited, Robert Bosch GmbH, Yamaha Motor Co., Ltd, Shimano Inc, Bafang Electric (Suzhou) Co., Ltd. are the major companies operating in E-bike Motor Market.

Ebike Motor Industry Report

Statistics for the 2023 E-bike Motor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. E-bike Motor analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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