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Global E-Bike Market Report, Share, Size and Forecast to 2028
- February 11, 2020
- ID: SR/AU-07
- Format:Pdf
- Pages:220
Global E-Bike Market by Product Type(Pedal Assist e-bike, Throttle on Demand e-bike, Speed Pedelec e-bike, Motorcycle e-bike), By Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid), By Motor Type (Hub Motor, Mid Motor, Friction Drive Motor and Others). By Controllers (Brushed motor, Brushless motor), By Application (Urban City, Trekking/Mountain bike, Sport bike, and others), and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global forecast from 2022 to 2030.
Global E-Bike Market Overview:
The Global E-Bike market is expected to reach USD 52.6 Billion in 2030, with a CAGR of 9% during the forecast period of 2022-2030 and it was valued at USD 32.2 Billion in 2022. Electric bicycle refers to a vehicle with electromechanical integration of motors, controllers, batteries, handlebars, and other control components and displays instrument systems based on ordinary bicycles, using batteries as auxiliary energy. Technological advancement in the field is a crucial factor for the growth of this industry. Initially, electric bikes were considered as foreign concepts, but now as the consumers become more familiar with these technologies, they are spreading fast across the world’s most crowded cities. An increase in the awareness of consumers concerning travel modes that alleviate pollution and transportation woes has been a significant parameter for the growth of electric bikes.Global E- Bikes Market Insights
E-bikes market expected to witness the fastest growth rate owing to a considerable step towards cleaner mobility as battery and electric motor helps in controlling pollution and carbon emission for controlling pollution. E-bike’s adoption is increasing every year to reduce the impact of pollution worldwide. According to World Bank, the cost associated with health damage from automotive across the globe is $5.7 trillion, equivalent to 4.8% of global GDP, which leads to 9 million premature death (16% of all deaths worldwide). Therefore, changing lifestyles toward green and clean mobility is the reason behind the increasing demand for e-bikes as the significant population is gradually shifting towards fitness and focusing more on their mental and physical health. Moreover, e-bikes provide ease in traveling as well as promote fitness for the consumers, and is also suitable for recreational activities, such as mountain trekking, for sports purposes. Additionally, the e-bikes market is majorly captured by youth as fun and travel activities such as adventure sports and cycling up hills helps in refreshing mind and promotes fitness. Further, the adoption of e-bikes expected to resolve problems such as; short- and medium-distance travel difficulties, oversized bicycles, chaotic city appearances, traffic congestion, potential safety hazards of substandard electric vehicles, and urban environmental exhaust pollution problems in the forecast year.Growth Driver
Battery based bikes
E-bikes are the new technology that needs to adapt to the product, which is low in carbon emission and saves the environment from polluting. Thus, adopting battery-based bikes will help in reducing the pollution level and maintain sustainability.Promotes fitness
E-bikes help in making fitness regime more enjoyable and encourage better fitness experience in the form of aerobic and cardiovascular exercise for the people who love to do mountain trekking and cycling. There are various features in-built in the bicycle that track heartbeat, calories, distance, and others, which make it’s smart and safe for the rider and provide a better experience.Government interest
In the Asia Pacific region, the government of countries has shown interest in the adoption of e-bikes because of the technology edge and potential growth in this sector. Additionally, the government of India had shown interest in providing financial support and a scheme called Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME). Thus, it helps in promoting and capture a large share of e-bikes in the market.Product Type Segmental Analysis
Based on Product Type, the global e-bikes Market categorized into Pedal Assist e-bike, on Demand e-bike, Speed Pedelec e-bike, and Motorcycle e-bike. The pedal assists the segment anticipated to lead the market on account of the rising demand for the rapidly growing technology and environmental concern in the Asia Pacific region and many other countries. Additionally, the cost-effectiveness for the e-bikes battery market and hub motor in e-bikes will influence the global e-bikes market.Motor Type Segmental Analysis
Based on the motor type, the global e-bikes market classified into Hub Motor, Mid Motor, Friction Drive Motor, and Others. The Hub-motor segment projected to lead the growth in the forecast years from 2022-2030. It is owing to the effortless and pleasant ride that improves the efficiency and performance of e-bikes, as it generates more power when associated with torque.Battery Type Segmental Analysis
Based on the battery type, the global e-bikes market classified into Lithium-ion, Lithium-ion polymer, and Lead Acid. The lead-acid market segment has captured the largest market share and expected to lead in the future market. Due to its easy recycling process and low cost will increase the demand in the market.Controllers Segmental Analysis
Based on controllers, the global e-bikes market bifurcated into the brushed motor and brushless motor. Brushless motor captured the largest market share in 2021. As brushless motor controllers majorly used in e-bikes as it provides high initial torque, which improves the ride and offers a pleasant experience for the rider. Therefore, this feature will give the edge and will capture the future market as well.Application Segmental Analysis
Based on the Application, the global e-bikes market classified into Urban City, Trekking/Mountain bike, Sportbike, and others. Trekking/ mountain bike has captured the most significant market and expected to boost in the forecast period. As trekking/ mountain rides are recreational activities that relax the mind and improves fitness. The e-bikes market is majorly captured by youth as it is adventurous and sportive for them.Region Segmental Analysis
Based on geography, the global E-bikes market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific, especially China, to gain maximum share in the market owing to the technology demand and government initiative to attract major OEMs to manufacture electric two-wheelers in their domestic markets, and with supporting this initiative, the government will also provide financial subsidies to the consumers.Competitor Analysis
Companies such as Yamaha Motor Corporation, Giant Manufacturing Co., Ltd, Accell Group N.V, Aima Technology Group Co., Ltd, Yadea Group Holdings Ltd, Pedego Electric Bikes, Merida Industry Co. Ltd, X- Treme, IZIP e-bikes, Specialized Bicycle Components, Rad power bikes, and Riese & Muller are the key players in the Global e-bikes market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global E-bikes Manufacturing firms
- Research organizations and consulting companies
- Organizations, associations, and alliances related to E-bikes
- Regulatory bodies
- Retailers
- Suppliers
Recent Developments
- In October 2020, Giant Manufacturing established the new Trance X Advanced Pro 29, a full-composite trail bike with updated Maestro rear suspension and a new flip-chip feature that lets riders adjust frame geometry.
- In October 2020, Pedego Electric Bikes extended a Pedego Electric Bikes store in Boca Raton, Florida, which delivers a full range of e-bike sales, rentals, services, and accessories.
- In September 2020, Sparta declared d-Burst, a powerful new speed pedelec. By submitting its d-series, Sparta focuses on a whole special target group, namely, commuters cycling between their home and workplace. The d-Burst is open as both an e-bike and a speed pedelec with a total capacity of no less than 1,125 Wh.
- In November 2019, Pon. Bike developed the Dutch e-cargo bike brand Urban Arrow for an undisclosed sum.
Scope of the Report
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 47.2 Billion |
| The revenue forecast in 2028 | USD 89.6 Billion |
| Growth Rate | CAGR of 12 % from 2022 to 2028. |
| Historical data | 2017 – 2020 |
| Base Year | 2021 |
| Forecast period | 2022 – 2028 |
| Region covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | The companies include Yamaha Motor Corporation, Giant Manufacturing Co., Ltd, Accell Group N.V, Aima Technology Group Co., Ltd, Yadea Group Holdings Ltd, Pedego Electric Bikes, Merida Industry Co. Ltd, X- Treme, IZIP e-bikes, Specialized Bicycle Components, Rad power bikes, and Riese & Muller are the key players. |
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Product Type- Pedal Assist e-bike
- Throttle on Demand e-bike
- Speed Pedelec e-bike
- Motorcycle e-bike
- Lithium ion
- Lithium ion polymer
- Lead acid
- Others(Nickel Metal hydride, Lithium Titanate, Lithium ion Phosphate)
- Hub Motor
- Mid Motor
- Friction Drive Motor
- Others
- Brushed motor
- Brushless motor
- Urban City
- Trekking/Mountain bike
- Sport bike
- Others
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five Forces Analysis
4.8. Price point analysis
4.9. New Investment Analysis
- Global E-bikes Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.1.2. Consumption
5.1.2.1. By Volume (Number of Units)
5.1.3. Supply/Production
5.1.3.1. By Volume (Number of Units)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Product Type
5.2.1.1. Pedal Assist e-bike
5.2.1.2. Throttle on Demand e-bike
5.2.1.3. Speed Pedelec e-bike
5.2.2. By Battery Type
5.2.2.1. Lithium ion
5.2.2.2. Lithium ion polymer
5.2.2.3. Lead acid
5.2.2.4. Others (Nickel Metal hydride, Lithium Titanate, Lithium ion Phosphate)
5.2.3. By Motor Type
5.2.3.1. Hub Motor
5.2.3.2. Mid Motor
5.2.3.3. Friction Drive Motor
5.2.3.4. Others
5.2.4. By Controllers
5.2.4.1. Brushed motor
5.2.4.2. Brushless motor
5.2.5. By Application
5.2.5.1. Urban City
5.2.5.2. Trekking/Mountain bike
5.2.5.3. Sport bike
5.2.5.4. Others
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Europe
5.2.6.3. Asia Pacific
5.2.6.4. The Middle East & Africa
5.2.6.5. South America
- North America E-bikes Market, 2017-2030
6.1. North America E-bikes Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. North America E-bikes Market Share & Forecast, 2017-2030
6.2.1. By Product Type
6.2.1.1. Pedal Assist e-bike
6.2.1.2. Throttle on Demand e-bike
6.2.1.3. Speed Pedelec e-bike
6.2.2. By Battery Type
6.2.2.1. Lithium ion
6.2.2.2. Lithium ion polymer
6.2.2.3. Lead acid
6.2.2.4. Others (Nickel Metal hydride, Lithium Titanate, Lithium ion Phosphate)
6.2.3. By Motor Type
6.2.3.1. Hub Motor
6.2.3.2. Mid Motor
6.2.3.3. Friction Drive Motor
6.2.3.4. Others
6.2.4. By Controllers
6.2.4.1. Brushed motor
6.2.4.2. Brushless motor
6.2.5. By Application
6.2.5.1. Urban City
6.2.5.2. Trekking/Mountain bike
6.2.5.3. Sport bike
6.2.5.4. Others
6.2.6. By Country
6.2.6.1. US
6.2.6.2. Canada
6.2.6.3. Mexico
6.2.7. By Price Point Analysis
6.2.8. Company Market Share (Top 3-5)
6.2.9. Manufacturer & Distributor List (Top 5)
6.2.10. Economic Impact Study on North America E-bike Market
- Europe E-bikes Market, 2017-2030
7.1. Europe E-bikes Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Europe E-bikes Market Share & Forecast, 2017-2030
7.2.1. By Product Type
7.2.1.1. Pedal Assist e-bike
7.2.1.2. Throttle on Demand e-bike
7.2.1.3. Speed Pedelec e-bike
7.2.2. By Battery Type
7.2.2.1. Lithium ion
7.2.2.2. Lithium ion polymer
7.2.2.3. Lead acid
7.2.2.4. Others (Nickel Metal hydride, Lithium Titanate, Lithium ion Phosphate)
7.2.3. By Motor Type
7.2.3.1. Hub Motor
7.2.3.2. Mid Motor
7.2.3.3. Friction Drive Motor
7.2.3.4. Others
7.2.4. By Controllers
7.2.4.1. Brushed motor
7.2.4.2. Brushless motor
7.2.5. By Application
7.2.5.1. Urban City
7.2.5.2. Trekking/Mountain bike
7.2.5.3. Sport bike
7.2.5.4. Others
7.2.6. By Country
7.2.6.1. Germany
7.2.6.2. UK
7.2.6.3. France
7.2.6.4. Italy
7.2.6.5. Rest of Europe
7.2.7. By Price Point Analysis
7.2.8. Company Market Share (Top 3-5)
7.2.9. Manufacturer & Distributor List (Top 5)
7.2.10. Economic Impact Study on Europe E-bike Market
- Asia Pacific E-bikes Market, 2017-2030
8.1. Asia Pacific E-bikes Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Asia Pacific E-bikes Market Share & Forecast, 2017-2030
8.2.1. By Product Type
8.2.1.1. Pedal Assist e-bike
8.2.1.2. Throttle on Demand e-bike
8.2.1.3. Speed Pedelec e-bike
8.2.2. By Battery Type
8.2.2.1. Lithium ion
8.2.2.2. Lithium ion polymer
8.2.2.3. Lead acid
8.2.2.4. Others (Nickel Metal hydride, Lithium Titanate, Lithium ion Phosphate)
8.2.3. By Motor Type
8.2.3.1. Hub Motor
8.2.3.2. Mid Motor
8.2.3.3. Friction Drive Motor
8.2.3.4. Others
8.2.4. By Controllers
8.2.4.1. Brushed motor
8.2.4.2. Brushless motor
8.2.5. By Application
8.2.5.1. Urban City
8.2.5.2. Trekking/Mountain bike
8.2.5.3. Sport bike
8.2.5.4. Others
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. Australia
8.2.6.5. Rest of Asia pacific
8.2.7. By Price Point Analysis
8.2.8. Company Market Share (Top 3-5)
8.2.9. Manufacturer & Distributor List (Top 5)
8.2.10. Economic Impact Study on Asia-Pacific E-bike Market
- The Middle East & Africa E-bikes Market, 2017-2030
9.1. The Middle East & Africa E-bikes Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. The Middle East & Africa E-bikes Market Share & Forecast, 2017-2030
9.2.1. By Product Type
9.2.1.1. Pedal Assist e-bike
9.2.1.2. Throttle on Demand e-bike
9.2.1.3. Speed Pedelec e-bike
9.2.2. By Battery Type
9.2.2.1. Lithium ion
9.2.2.2. Lithium ion polymer
9.2.2.3. Lead acid
9.2.2.4. Others (Nickel Metal hydride, Lithium Titanate, Lithium ion Phosphate)
9.2.3. By Motor Type
9.2.3.1. Hub Motor
9.2.3.2. Mid Motor
9.2.3.3. Friction Drive Motor
9.2.3.4. Others
9.2.4. By Controllers
9.2.4.1. Brushed motor
9.2.4.2. Brushless motor
9.2.5. By Application
9.2.5.1. Urban City
9.2.5.2. Trekking/Mountain bike
9.2.5.3. Sport bike
9.2.5.4. Others
9.2.6. By Country
9.2.6.1. Saudi Arabia
9.2.6.2. UAE
9.2.6.3. South Africa
9.2.6.4. Rest of The Middle East & Africa
9.2.7. By Price Point Analysis
9.2.8. Company Market Share (Top 3-5)
9.2.9. Manufacturer & Distributor List (Top 5)
9.2.10. Economic Impact Study on The Middle East & Africe E-bike Market
- South America E-bikes Market, 2017-2030
10.1. South America E-bikes Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. South America E-bikes Market Share & Forecast, 2017-2030
10.2.1. By Product Type
10.2.1.1. Pedal Assist e-bike
10.2.1.2. Throttle on Demand e-bike
10.2.1.3. Speed Pedelec e-bike
10.2.2. By Battery Type
10.2.2.1. Lithium ion
10.2.2.2. Lithium ion polymer
10.2.2.3. Lead acid
10.2.2.4. Others (Nickel Metal hydride, Lithium Titanate, Lithium ion Phosphate)
10.2.3. By Motor Type
10.2.3.1. Hub Motor
10.2.3.2. Mid Motor
10.2.3.3. Friction Drive Motor
10.2.3.4. Others
10.2.4. By Controllers
10.2.4.1. Brushed motor
10.2.4.2. Brushless motor
10.2.5. By Application
10.2.5.1. Urban City
10.2.5.2. Trekking/Mountain bike
10.2.5.3. Sport bike
10.2.5.4. Others
10.2.6. By Country
10.2.6.1. Brazil
10.2.6.2. Argentina
10.2.6.3. Rest of South America
10.2.7. By Price Point Analysis
10.2.8. Company Market Share (Top 3-5)
10.2.9. Manufacturer & Distributor List (Top 5)
10.2.10. Economic Impact Study on South America E-bike Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Yamaha Motor Corporation
11.7.2. Giant Manufacturing Co., Ltd
11.7.3. Accell Group N.V
11.7.4. Aima Technology Group Co., Ltd
11.7.5. Yadea Group Holdings Ltd
11.7.6. Pedego Electric Bikes
11.7.7. Merida Industry Co. Ltd.
11.7.8. X- Treme
11.7.9. IZIP e-bikes
11.7.10. Specialized Bicycle Components
11.7.11. Rad power bikes
11.7.12. Riese & Muller
11.7.13. Other Prominent Players.
Frequently Asked Questions (FAQ):
The Global E-Bike market is expected to reach USD 52.6 Billion in 2030, with a CAGR of 9% during the forecast period of 2022-2030 and it was valued at USD 32.2 Billion in 2022.
Hub Motor is leading the E-Bike Market.
The Positive impact of Covid-19, Government support and initiatives, the growing popularity of E-MTB, trends towards connected e-bikes and development of lightweight energy storage systems.
The companies include Yamaha Motor Corporation, Giant Manufacturing Co., Ltd, Accell Group N.V, Aima Technology Group Co., Ltd, Yadea Group Holdings Ltd, Pedego Electric Bikes, Merida Industry Co. Ltd, X- Treme, IZIP e-bikes, Specialized Bicycle Components, Rad power bikes, and Riese & Muller are the major companies which operate the E-bike market.
Battery Type Segment has shown the highest share in the market.
