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Global E-bike Market Size, Share, Trends, Growth, Analysis: 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; 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.
An electronic bike or an e-bike is a regular bicycle fitted with an electric motor, a battery, and a drivetrain. It can be pedalled or can run on rechargeable batteries. E-bikes can further cover long distances with a single charge and mostly utilise lead-acid batteries.
The market is being driven by rising environmental concerns and growing demand for eco-friendly products. The rapid technological advancement is further supporting the market growth globally.
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One of the main factors driving the e-bike market 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 a decreased risk of stress and depression. Young people are increasingly opting for various adventure sports, which is further propelling the market. North America is one of the leading regions in the global market owing to favourable government initiatives and increased consumer awareness. The increased urbanisation and high consumer spending power are aiding the market growth in North America.
Global E-Bike Market Segmentation
The various e-bike motor-types available in the market include:
- Hub Motor
- Mid Drive
- Others
Based on mode, the market has been bifurcated into:
- Throttle
- Pedal Assist
The demand for pedal-assist e-bikes has been growing significantly in recent years. As awareness about environmental issues increases, more people are looking for eco-friendly transportation options. Pedal-assist e-bikes are seen as a greener alternative to cars for short commutes and urban transportation.
E-bikes offer a way to engage in physical activity, especially for those who may find traditional cycling too strenuous. The pedal assist feature allows riders to customise the level of exertion, making cycling accessible to a broader range of fitness levels. Improvements in battery technology, motor efficiency, and overall bike design are some of the crucial e-bike market trends that have broadened their appeal to a wider audience.
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By battery type, the market is divided into:
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
- Others
The demand for lithium-ion batteries in e-bikes is closely tied to the overall growth in the electric bikes market. Lithium-ion batteries can store more energy per unit of weight than other types of batteries. This makes them ideal for e-bikes, as they provide a longer range without significantly increasing the weight of the bike.
Lithium-ion batteries typically have a longer lifespan compared to other types, such as lead-acid batteries. This means they do not need to be replaced as often, making e-bikes with lithium-ion batteries more cost-effective in the long run. These batteries can deliver a consistent level of power output over time, which is crucial for the performance of an e-bike.
By class, the market is categorised as:
- Class I
- Class II
- Class III
By design, the market is segmented into:
- Foldable
- Non-Foldable
On the basis of application, the market is divided into:
- Mountain/Trekking Bikes
- City/Urban
- Cargo
- Others
The e-bike market share in urban and city areas has been increasing significantly due to several key factors. In many cities, traffic congestion is a major issue, leading to long commute times and increased stress for residents. E-bikes offer a faster and more efficient way to navigate through congested streets, often allowing riders to use bike lanes and paths that bypass traffic.
Urban areas, being the centres of pollution and greenhouse gas emissions, have a growing population of environmentally conscious individuals. E-bikes are seen as a sustainable transport option that reduces carbon footprint compared to cars. E-bikes provide a cost-effective alternative to owning a car in the city. They eliminate expenses such as fuel, parking fees, and high maintenance costs associated with automobiles.
The report also covers the regional e-bike markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Global Market Share by Region
Europe is one of the leading markets for e-bikes
High environmental consciousness, well-developed cycling infrastructure, and supportive government policies contribute to its growth in the region. Germany, the Netherlands, and France are among the top markets in Europe. These countries have seen a significant increase in e-bike sales. Many European countries offer subsidies and incentives for e-bike purchases and invest heavily in cycling infrastructure.
North America is expected to witness significant growth in the forecast period
The North American market, particularly in the United States and Canada, is growing rapidly, although it started from a smaller base compared to Europe. Increasing awareness about health and the environment, rising urban traffic congestion, and an expanding network of bike lanes contribute to the growth.
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Global E-Bike Market Analysis
The global electric bike market is being supported by rising health concerns 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 further supporting the market growth.
The rising concerns regarding climate change and environmental pollution, coupled with the growing acceptance of technology, are leading to an increase in e-bike market demand. Moreover, the stringent government regulations pertaining to the use of environmentally friendly and sustainable vehicles are providing a boost to the market expansion. 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 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.
Key Highlights of the Report
| 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:
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| Breakup by Mode |
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| Breakup by Motor Type |
|
| Breakup by Battery Type |
|
| Breakup by Class |
|
| Breakup by Design |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
*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 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Pedal Assist
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global E-Bike Market by Motor Type
8.5.1 Hub Motor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mid Drive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 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 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Lithium Ion
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Nickel-Metal Hydride (NiMH)
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 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 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Class II
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Class III
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global E-Bike Market by Design
8.8.1 Foldable
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Non-Foldable
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global E-Bike Market by Application
8.9.1 Mountain/Trekking Bikes
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 City/Urban
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Cargo
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 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 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 Europe
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.10.3 Asia Pacific
8.10.3.1 Historical Trend (2018-2023)
8.10.3.2 Forecast Trend (2024-2032)
8.10.4 Latin America
8.10.4.1 Historical Trend (2018-2023)
8.10.4.2 Forecast Trend (2024-2032)
8.10.5 Middle East and Africa
8.10.5.1 Historical Trend (2018-2023)
8.10.5.2 Forecast Trend (2024-2032)
9 North America E-Bike Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe E-Bike Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific E-Bike Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America E-Bike Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa E-Bike Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 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.
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