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Global E-bike Market Share, Trends, Growth, Forecast: By Mode: Throttle, Pedal Assist; By Motor Type: Hub Motor, Mid Drive, Others; By Battery Type: Lead Acid, Lithium Ion, Nickel-Metal Hydride (NiMH), Others; By Class: Class I, Class II, Class III; By Design: Foldable, Non-Foldable; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global E-Bike Market Outlook
The global e-bike market size was around USD 26.18 billion in 2023. The market is further projected to grow at a CAGR of 5.90% over the forecast period of 2024-2032 to attain a value of USD 43.81 billion by 2032.
The e-bike market is being driven by the rising environmental concern and growing demand for eco-friendly products. The rapid technological advancement is further supporting the e-bike market growth globally.
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One of the main factors driving the industry growth is the increasing popularity of cycling as a leisure activity. Cycling has many physical and mental health benefits, including increased cardiovascular performance, muscle strength, and endurance, along with the decreased risk of stress and depression. Young people are increasingly opting for various adventure sports, which is propelling the e-bike market further. North America is one of the leading regions in the global e-bike industry owing to the favourable government initiatives and increased consumer awareness. The increased urbanisation and high consumer spending power are aiding the e-bike market growth in North America.
Market Segmentation
An electronic bike or an e-bike is a regular bicycle fitted with an electric motor, a battery, and a drivetrain. It can be pedaled or can run on rechargeable batteries. E-bike can further cover long distances with a single charge and mostly utilize lead-acid batteries.
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The various e-bike motor-types available in the industry include:
- Hub Motor
- Mid Drive
- Others
Based on mode, the e-bike market has been bifurcated into:
- Throttle
- Pedal Assist
By battery type, the e-bike market is divided into:
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
- Others
By class, the e-bike market is categorized as:
- Class I
- Class II
- Class III
By design, the industry is segmented into:
- Foldable
- Non-Foldable
On the basis of application, the industry is divided into:
- Mountain/Trekking Bikes
- City/Urban
- Cargo
- Others
The report also covers the regional e-bike markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global e-bike market is being supported by the rising health concern among consumers and growing awareness regarding the benefits of physical fitness. The advantage of cycling on human health is primarily driving the growth of the market. E-bikes are easy to ride, suitable for all age groups, and are a cost-effective alternative to motor vehicles as an environmentally friendly means of transportation. Rising disposable incomes and increased demand for enhanced product range is supporting the e-bike market growth further.
The rising concerns regarding climate change and environmental pollution, coupled with the growing acceptance of technology, are leading to an increased preference for e-bikes. Moreover, the stringent government regulations pertaining to the use of environmentally friendly and sustainable vehicles are providing a boost to the e-bike market. The manufacturers are continuously innovating and expanding their product range to develop advanced variants with e-assistance services, including Smart E-Bike Monitoring System (SEMS) and hydrogen-powered bikes, which is expected to further aid the growth of the global e-bike market over the forecast period.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global e-bike market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Accell Group
- BionX International Corporation
- Robert Bosch GmbH
- Yamaha Motor Co., Ltd.
- Derby Cycle
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Mode, Motor Type, Battery Type, Class, Design, Application, Region |
| Breakup by Mode | Throttle, Pedal Assist |
| Breakup by Motor Type | Hub Motor, Mid Drive, Others |
| Breakup by Battery Type | Lead Acid, Lithium Ion, Nickel-Metal Hydride (NiMH), Others |
| Breakup by Class | Class I, Class II, Class III |
| Breakup by Design | Foldable, Non-Foldable |
| Breakup by Application | Mountain/Trekking Bikes, City/Urban, Cargo, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Accell Group, BionX International Corporation, Robert Bosch GmbH, Yamaha Motor Co., Ltd., Derby Cycle, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global E-Bike Market Analysis
8.1 Key Industry Highlights
8.2 Global E-Bike Historical Market (2018-2023)
8.3 Global E-Bike Market Forecast (2024-2032)
8.4 Global E-Bike Market by Mode
8.4.1 Throttle
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Pedal Assist
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global E-Bike Market by Motor Type
8.5.1 Hub Motor
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Mid Drive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global E-Bike Market by Battery Type
8.6.1 Lead Acid
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Lithium Ion
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Nickel-Metal Hydride (NiMH)
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global E-Bike Market by Class
8.7.1 Class I
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Class II
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Class III
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.8 Global E-Bike Market by Design
8.8.1 Foldable
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Non-Foldable
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.9 Global E-Bike Market by Application
8.9.1 Mountain/Trekking Bikes
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2023)
8.9.1.3 Forecast Trend (2024-2032)
8.9.2 City/Urban
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2023)
8.9.2.3 Forecast Trend (2024-2032)
8.9.3 Cargo
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2023)
8.9.3.3 Forecast Trend (2024-2032)
8.9.4 Others
8.10 Global E-Bike Market by Region
8.10.1 North America
8.10.1.1 Market Share
8.10.1.2 Historical Trend (2018-2023)
8.10.1.3 Forecast Trend (2024-2032)
8.10.2 Europe
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2018-2023)
8.10.2.3 Forecast Trend (2024-2032)
8.10.3 Asia Pacific
8.10.3.1 Market Share
8.10.3.2 Historical Trend (2018-2023)
8.10.3.3 Forecast Trend (2024-2032)
8.10.4 Latin America
8.10.4.1 Market Share
8.10.4.2 Historical Trend (2018-2023)
8.10.4.3 Forecast Trend (2024-2032)
8.10.5 Middle East and Africa
8.10.5.1 Market Share
8.10.5.2 Historical Trend (2018-2023)
8.10.5.3 Forecast Trend (2024-2032)
9 North America E-Bike Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe E-Bike Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific E-Bike Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America E-Bike Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa E-Bike Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Accell Group
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BionX International Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Robert Bosch GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Yamaha Motor Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Derby Cycle
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global E-Bike Market: Key Industry Highlights, 2018 and 2032
2. Global E-Bike Historical Market: Breakup by Motor Type (USD Billion), 2018-2023
3. Global E-Bike Market Forecast: Breakup by Motor Type (USD Billion), 2024-2032
4. Global E-Bike Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
5. Global E-Bike Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
6. Global E-Bike Historical Market: Breakup by Class (USD Billion), 2018-2023
7. Global E-Bike Market Forecast: Breakup by Class (USD Billion), 2024-2032
8. Global E-Bike Historical Market: Breakup by Design (USD Billion), 2018-2023
9. Global E-Bike Market Forecast: Breakup by Design (USD Billion), 2024-2032
10. Global E-Bike Historical Market: Breakup by Application (USD Billion), 2018-2023
11. Global E-Bike Market Forecast: Breakup by Application (USD Billion), 2024-2032
12. Global E-Bike Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global E-Bike Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America E-Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America E-Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe E-Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe E-Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific E-Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific E-Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America E-Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America E-Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa E-Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa E-Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global E-Bike Market Structure
Key Questions Answered in the Report
The global e-bike market reached a value of USD 26.18 billion in 2023.
The market is projected to grow at a CAGR of nearly 5.90% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 43.81 billion by 2032.
The major drivers of the market include increasing popularity of e-bikes rising disposable incomes, increasing population, and growing awareness regarding various types of e-bikes.
Rising health consciousness, usefulness of e-bikes for short distances, and regulations pertaining to the use of environmentally friendly and sustainable vehicles are expected to be the key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major motor types of e-bikes in the market are hub motor and mid drive, among others.
The major modes of e-bikes in the market are throttle and pedal assist.
The major battery types in the market are lead acid, lithium ion, and nickel-metal hydride (NiMH), among others.
The major class divisions of e-bikes are Class I, Class II, and Class III.
The designs of e-bikes in the market include foldable and non-foldable.
The significant applications of e-bikes include mountain/trekking bikes, city/urban, and cargo, among others.
The leading players in the global e-bike market are Accell Group, BionX International Corporation, Robert Bosch GmbH, Yamaha Motor Co., Ltd., and Derby Cycle, among others.
Analyst Review
The global e-bike market attained a value of USD 26.18 billion in 2023 driven by the rising environmental concern. Aided by the rising consciousness among consumers regarding the importance of health and fitness, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.90%. The industry is projected to reach USD 43.81 billion by 2032.
EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its motor types, the global market for e-bike can be segmented into hub motor and mid drive, among others. On the basis of modes, the industry can be divided into between throttle and pedal assist. Based on applications, the market can be divided into mountain/trekking bikes, city/urban, and cargo, among others. The major regional markets for e-bike are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Accell Group, BionX International Corporation, Robert Bosch GmbH, Yamaha Motor Co., Ltd., and Derby Cycle, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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