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E-bikes Market

E-bikes Market Size, Share and Segmentation by Product (Pedelecs, Throttle on Demand, Speed Pedelecs, Scooter or motorcycle), by Propulsion (Pedal-assisted, Throttle-assisted), by Battery Type (Lead-acid, Lithium-ion (Li-ion), Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1386 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

E-bikes Market Size was valued at USD 45.7 billion in 2021 and is expected to reach USD 98.52 billion by 2028 and grow at a CAGR of 11.6% over the forecast period 2022-2028.

A bicycle with an integrated electric motor drive mechanism and battery that produces power for causing or assisting propulsion is known as an electric bike. Electric bikes with a modest motor to help the rider's pedal force to more powerful e-bikes that create enough power to totally operate the bike using throttle are all available globally. Electric bicycles are a versatile, eco-friendly, and fashionable form of transportation. Consumers regard them as a viable alternative to scooters, smart cars, and public transportation. E-bikes help to reduce traffic congestion because of their reduced size, ability to reach higher speeds with less effort, and health advantages gained from pedaling. These considerations have resulted in an increase in the popularity of electric bikes around the world.

E-bikes Market Revenue Graph

By building and developing e-bikes that can interact with users' cellphones and offer real-time information on speed and battery level, e-bike manufacturers are working on improving the complete user interface. As a result, customers are getting more interested in e-bikes. With an increasing number of companies joining the market and increased demand for e-bikes in last-mile delivery, India's electric bike industry is expected to grow rapidly.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Demand for eco-friendly transportation is expected to rise, propelling the market growth.

  • Government measures to encourage the usage of electric bikes are being implemented.

  • The market is likely to develop as gasoline costs rise and interest in cycling as a recreational activity grows.

RESTRAINTS: 

  • The high sticker price of most e-bikes is one of the major constraints limiting growth in the global e-bike market.

  • Purchasing batteries is inexpensive. Maintenance can be costly and time-consuming.

  • In the worldwide e-bike market, there are distribution issues.

OPPORTUNITIES: 

  • Improvements in bicycle infrastructure and battery technology.

  • Connected e-bikes are becoming more popular.

CHALLENGES: 

  • The difficulty of delivering functionality and intelligence in e-bikes.

  • Controlling the motor's speed and torque throughout a wide variety of speed and load circumstances.

IMPACT OF COVID-19:

Commuters are avoiding public transit due to the COVID-19 outbreak. E-bikes are regarded as a safe, convenient, and cost-effective mode of mobility. As cities emerge from quarantine, e-bike makers are increasingly seen as an appropriate form of mobility. Due to the outbreak of the COVID-19 pandemic, the market's growth slowed significantly in the first half of 2020. Lockdowns were implemented around the world, resulting in the temporary shutdown of various production and assembly facilities. As a result, e-bikes are in high demand as a cost-effective, safe, and convenient form of transportation.

Furthermore, due to government limits on public transit as a result of social-discrimination guidelines, commuters are turning to the bicycle as a form of daily mobility. As a result, the electric bike business is one of the industries that is expected to grow faster after Covid-19. However, in the first quarter of 2020, e-bike sales were hampered by the closure of e-bike retailers owing to lockdown.

KEY MARKET PLAYERS:

Accell Group, Pon Bike, Derby Cycle, Fuji-ta Bicycle Co., Ltd., Giant Manufacturing Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech, LLC, Tianjin Golden Wheel Group Co., Ltd., Merida Industry Co., Ltd., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd. are some of the affluent competitors with significant market share in the E-bikes Market.

MARKET ESTIMATION: 

Market, By Product Type:

The global market is divided into pedelecs, throttle on demand, speed pedelecs, scooters, or motorcycles based on the product segment.  E-bikes pedelecs are proven to be the future's best means of mobility. They're also an excellent means of transportation, especially for recreational activities, because they mix the fun of riding with the convenience of a car.

Market, By Propulsion:

According to the propulsion segment, the global market is divided into pedal-assisted, and throttle-assisted. Pedal-assisted e-bikes provide more power from the motor, allowing riders to pedal more effortlessly and quickly. Furthermore, these bikes are commonly used on hills and hilly routes. Throttle-assisted e-bikes are becoming more popular due to the power delivered directly to the engine by the throttle, eliminating the need to pedal manually.

Market, By Battery Type:

Based on the battery type segment, the global market has been divided into Lead-acid, Lithium-ion, and Others. Lead-acid batteries dominated the industry, accounting for almost 54% of the total market share. The segment's rise can be ascribed to lead-acid batteries' multiple advantages, such as low cost and durability. However, because these batteries are heavy and drain quickly, their use is expected to dwindle in the coming years.

MARKET SEGMENTATION:

By Product Type:

  • Pedelecs

  • Throttle on Demand

  • Speed Pedelecs

  • Scooter or motorcycle

By Propulsion:

  • Pedal-assisted

  • Throttle-assisted

By Battery Type:

  • Lead-acid

  • Lithium-ion (Li-ion)

  • Others

E-bikes Market Segment Chart

REGIONAL ANALYSIS:

During the projected period, Asia Pacific is expected to be the largest market for e-bikes. Due to rising e-bike sales in these nations, India, Japan, South Korea, and Taiwan are prospective markets in this area. Due to its ruggedness and high-performance design, the mountain e-bike is likely to account for a large share of the bike market during the forecast period. Class I e-bikes are likely to be the largest market over the projection period, as nations such as China, Japan, South Korea, and Taiwan only allow class-I e-bikes with a maximum speed of 25 km/h and no throttle assist.

The European Union is the second candidate. The strict automobile pollution requirements that governments around Europe have imposed on drivers and bike users are mostly driving growth in this region. This is one of the reasons why sales in the European Union have risen considerably. Another aspect is that, in light of COVID-19, people are increasingly exercising social separation. The United States of America is ranked third. The rest of the globe is in fourth place.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

E-bikes Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 45.7   Billion
Market Size by 2028 US$ 98.52  Billion
CAGR CAGR of 11.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product (Pedelecs, Throttle on Demand, Speed Pedelecs, Scooter or motorcycle)
• by Propulsion (Pedal-assisted, Throttle-assisted)
• by Battery Type (Lead-acid, Lithium-ion (Li-ion), Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Accell Group, Pon Bike, Derby Cycle, Fuji-ta Bicycle Co., Ltd., Giant Manufacturing Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech, LLC, Tianjin Golden Wheel Group Co., Ltd., Merida Industry Co., Ltd., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd.
Key Drivers •Demand for eco-friendly transportation is expected to rise, propelling the market growth.

•Government measures to encourage the usage of electric bikes are being implemented.
RESTRAINTS •The high sticker price of most e-bikes is one of the major constraints limiting growth in the global e-bike market.

•Purchasing batteries is inexpensive. Maintenance can be costly and time-consuming.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

 

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global E-bikes Market Segmentation, by Product type

8.1 Pedelecs

8.2 Throttle on Demand

8.3 Speed Pedelecs

8.4 Scooter or motorcycle

 

9. Global E-bikes Market Segmentation, by Propulsion

9.1 Pedal-assisted

9.2 Throttle-assisted

 

10. Global E-bikes Market Segmentation, by Battery Type

10.1 Lead-acid

10.2 Lithium-ion (Li-ion)

10.3 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Aima Technology Group Co. Ltd.,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

 

12.2 Accell Group

12.3 Pon Bike

12.4 Derby Cycle

12.5 Fuji-ta Bicycle Co., Ltd.

12.6 Giant Manufacturing Co., Ltd.

12.7 Jiangsu Xinri E-Vehicle Co., Ltd.

12.8 Mahindra & Mahindra Ltd. (GenZe)

12.9 Prodecotech, LLC

12.10 Tianjin Golden Wheel Group Co., Ltd.

12.11 Merida Industry Co., Ltd.

12.12 Trek Bicycle Corporation

12.13 Yamaha Motor Co., Ltd.

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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