NEW YORK, Feb. 28, 2018 (GLOBE NEWSWIRE) -- A crank motor also known as a mid-drive motor or a central motor, is a centralized motor, which is connected to a crankshaft through interlocking gears. The gear at the bottom of the motor locks into the gear ring, which is placed on top of the crankshaft. The crank motor is connected to a battery and the battery is connected to an electronic control unit. The battery is concealed. A switch to start and stop the motor is routed to the control unit. Based on the motor power of the crank motors, the market has been segmented into three product types, namely 200W, 300W, and 400W.
Major factors driving the growth of Bicycle Crank Motor Market is the growth of the E-bike has accelerated use of crank motors and also rise in fuel prices has resulted in the increase in the adoption of electric bicycles as a daily mode of transport. Many people in Europe now prefer to use bicycle to work, especially with governments constructing bicycle-friendly streets. A growing number of commuters in China are using battery-operated bicycles.
Growing concerns for clean energy transportation and rising traffic congestion are expected to further increase the demand for e-bikes that largely use crank motors. E-bikes are widely used in countries such as China, Europe, and North America. Due to huge increase in urban population, the number of individual commuters and freight movement in these regions have raised. Such developments have resulted in traffic congestion, contributing the popularity of e-bikes. With the increasing number of end-users and manufacturers preferring crank motors over hub motors set to witness substantial growth during the forecast period.
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Global Bicycle Crank Motor Market: By product Types
• Conventional Bikes
• Electric Bikes (E-Bikes)
Global Bicycle Crank Motor Market: End Users/ Applications
• 200W
• 300W
• 400W
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Global Bicycle Crank Motor Market: Companies Covered
• Yamaha
• Bosch
• SHIMANO
• Derby Cycle Werke
• Continental
• Panasonic
• Sunstar Suisse
• Unique Product & Design
Global Bicycle Crank Motor Market report delivers comprehensive analysis of:
• Market Forecast for 2017-24
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis.
• End user/application Analysis
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