LONDON--(BUSINESS WIRE)--Technavio has announced the top four leading vendors in their recent global bicycle crank motor market 2016-2020 report. This research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
According to the latest report by Technavio, the demand and sales of crank motors is expected to rise considerably during the forecast period, as demand for pedelecs and e-bikes is increasing. Rapid urbanization has resulted in traffic congestion, which is leading to the high adoption of e-bikes as they provide a healthier and more environmentally friendlier mode of transportation.
Competitive vendor landscape
As of 2015, only a few key vendors operate in the global bicycle crank motor market. This market is powered by rapid innovation and investments for developing lighter and more efficient crank motors are necessary for the market to grow further during the forecast period.
“Crank motors are gaining popularity in the market and are preferred over hub motors. We expect this aspect to intensify competition and attract new entrants during the forecast period,” says Siddharth J, Technvio’s lead automotive electronics research analyst.
Technavio analysts estimate that the four major players contribute about 65%-70% to the global bicycle crank motor market based on their respective product portfolio and distribution network. The top position in the market is held by Bosch in terms of revenue and profitability, followed by Panasonic, Yamaha, and Continental.
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Bosch, headquartered in Stuttgart, Germany, provides technology and services worldwide. The company provides a wide range of automotive and other consumer products and their R&D activities focus on optimizing the existing products and developing new technologies. For FY2014, the company spent about USD 6.59 billion toward R&D. In 2014, the company applied for 4,600 patents worldwide.
Bosch is one of the leading manufacturers of crank motors and their systems are used worldwide. Since the introduction of their first electric bike system to the market in 2010, the company has been constantly developing and improving their e-bike systems.
Panasonic was founded in 1918 and is headquartered at Kadoma, Japan. The company manufactures and distributes electronic and electric products in Japan as well as worldwide. The company provides various business solutions such as communication solutions, security systems, professional AV, terminal solutions, document and imaging solutions, IT solutions, and recording media. Panasonic has a strong presence in North America, Latin America, EMEA, China, and Oceania.
Yamaha Motor was founded in 1995 and is headquartered in Japan. The company develops, manufactures, and sells a wide range of products and solutions in North America, Japan, and Europe. As of December 2014, Yamaha had 52,662 employees and recorded a revenue of USD 14.45 billion for FY2014.
Yamaha predominantly built motorcycles for the Japanese market. Today, the company makes e-bike systems to jet skis with a wide product portfolio. Yamaha released their first e-bike system in 1993 and now manufactures over 300,000 electric bike systems.
Continental was established in 1871 and is headquartered in Hanover, Germany. The company is one of the world's largest automotive manufacturing companies that manufactures, develops, and sells passenger cars, light trucks, industrial tires, and related products. They also specialize in tachographs, brake systems, tires, automotive safety, powertrain components, chassis components, and other related parts for the automotive and transportation industries. They also manufacture soft rubber products, rubberized fabrics, and solid tires for carriages and bicycles.
The four other prominent vendors listed in Technavio’s report are Kalkhoff, Bofeilli, Unique Product and Design, and Shimano.
Browse Related Reports:
- Global E-bike Market 2015-2019
- Global Li-ion Battery Market for E-bikes 2015-2019
- Global Pedelec Market 2015-2019
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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