Reports
Global Electric Bike Market Size, Share, Trends, Forecast: By Product Type: Pedelecs, Speed Pedelecs, Throttle on Demand, Scooter and Motorcycle; By Drive Mechanism: Hub Motor, Mid-Drive, Others; By Battery Type: Lead Acid, Lithium-Ion, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Electric Bike Market Outlook
The global electric bike market attained a value of around USD 57,873.16 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.8% to reach USD 1,34,243.68 million by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Europe to Dominate the Global Electric Bike Industry
Europe dominates the global electric bike industry owing to the increased focus on sustainability and favourable government initiatives to support cleaner energy sources in the region. The original nature of the product, fully-integrated batteries and drives, appealing designs, and the use of high-quality materials contributed to the demand for electric bike in Europe. In addition, e-bikes serve as a clean, quiet, and space-saving alternative for city logistics in these countries, thus, aiding the market growth. During the projected period, the Asia Pacific is expected to be the fastest expanding market for e-bikes owing to rising e-bike sales in China, Japan, India, and Taiwan. In addition, widespread adoption of electric bikes to address challenges such as severe traffic and an increase in the number of automobiles is expected to significantly contribute to the electric bike industry growth in the Asia Pacific.
Increasing Demand for Lithium-Ion Batteries to Augment the Global Electric Bike Industry
Due to the numerous advantages of lithium-ion batteries, the lithium-ion battery category is expected to account for a considerable portion of the electric bike industry. Lithium-ion batteries, for example, are environmentally friendly and have a longer life cycle. The increased use of lithium-ion batteries is due to increasing efforts of the manufacturers to build lightweight e-bikes. Furthermore, the market has changed towards lithium-ion batteries due to the favourable government laws, resulting in a massive rise in demand for the same.
Global Electric Bike Industry: Definition and Segmentation
A bicycle with an integrated electric motor drive mechanism and battery that produces power for assisting propulsion is known as an electric bike. Consumers regard them as a viable and eco-friendly alternative to scooters, smart cars, and public transportation. In addition, e-bikes are easy to use, suitable for people of all ages, and cost-effective.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By product type, the industry is segmented into:
- Pedelecs
- Speed Pedelecs
- Throttle on Demand
- Scooter and Motorcycle
The market can be broadly categorised on the basis of its drive mechanism into:
- Hub Motor
- Mid-Drive
- Others
By battery type, the industry is segmented into:
- Lead Acid
- Lithium-Ion
- Others
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increasing Inclination toward Use Of E-Bikes as an Eco-Friendly Mode of Transportation to Bolster the Growth of the Global Electric Bike Industry
The increasing carbon emissions due to the burning of fuel have been a major source of worry for governments and environmentalists in recent decades. As a result, the demand for environmental friendly vehicles increases around the world. Furthermore, governments are developing bicycle-friendly streets and implementing tax credits and incentives for consumers who purchase electric bikes, encouraging people to use e-bicycles. Furthermore, the popularity of electric bikes has grown across every continent due to the rise in fuel costs, increased pollution, and traffic congestion. In addition, the higher cost associated with operating and maintenance of fuel vehicles has led to a shift in daily commute preference for electric bikes, which is further propelling the industry. Over the forecast period, the improvements in bicycle infrastructure and battery technology are also projected to provide attractive chances to the electric bike business to flourish. The growing preference for e-bikes as a self-driving option by tourists to commute, as they are affordable and allow for smoother rides, is expected to aid the market growth.
Key Industry Players in the Global Electric Bike Market
The report presents a detailed analysis of the following key players in the global electric bike market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Accell Group
- Jiangsu Xinri E-Vehicle Co., Ltd
- Mahindra & Mahindra Ltd
- Fuji-ta Bicycle Co.,Ltd
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| 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- Product Type, Drive Mechanism, Battery Type, Region |
| Breakup by Product Type | Pedelecs, Speed Pedelecs, Throttle on Demand, Scooter and Motorcycle |
| Breakup by Drive Mechanism | Hub Motor, Mid-Drive, Others |
| Breakup by Battery Type | Lead Acid, Lithium-Ion, 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, Jiangsu Xinri E-Vehicle Co., Ltd, Mahindra & Mahindra Ltd, Fuji-ta Bicycle Co.,Ltd., 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 Electric Bike Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Bike Historical Market (2018-2023)
8.3 Global Electric Bike Market Forecast (2024-2032)
8.4 Global Electric Bike Market by Product Type
8.4.1 Pedelecs
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Speed Pedelecs
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Throttle on Demand
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Scooter and Motorcycle
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Electric Bike Market by Drive Mechanism
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 Electric 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 Others
8.7 Global Electric Bike Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Electric 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 Electric 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 Electric 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 Electric 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 Electric 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 Jiangsu Xinri E-Vehicle Co., Ltd
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 Mahindra & Mahindra Ltd
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 Fuji-ta Bicycle 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 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Electric Bike Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Bike Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Electric Bike Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Electric Bike Historical Market: Breakup by Drive Mechanism (USD Million), 2018-2023
5. Global Electric Bike Market Forecast: Breakup by Drive Mechanism (USD Million), 2024-2032
6. Global Electric Bike Historical Market: Breakup by Battery Type (USD Million), 2018-2023
7. Global Electric Bike Market Forecast: Breakup by Battery Type (USD Million), 2024-2032
8. Global Electric Bike Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Electric Bike Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Electric Bike Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Electric Bike Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Electric Bike Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Electric Bike Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Electric Bike Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Electric Bike Market Structure
Key Questions Answered in the Report
In 2023, the global electric bike market attained a value of nearly USD 57,873.16 million.
The market is projected to grow at a CAGR of 9.8% between 2024 and 2032.
The major market drivers include the increasing cost of fuel, rise in pollution and traffic congestion, increasing preference by tourists for e-bikes as a self-driving alternative, and improvements in e-bike infrastructure and battery technology.
The key trends of the market are increasing consumer inclination toward use of e-bikes as an eco-friendly solution for commute and the growing implementation of regulations issued by various governments to encourage the use of electric bikes.
The major regions in the market are North America, Latin America, Europe, the Asia Pacific, the Middle East and Africa.
The various product types in the market are pedelecs, speed pedelecs, throttle on demand, and scooter and motorcycle.
The significant drive mechanisms are hub motor and mid-drive, among others.
The leading battery types in the market are lead acid and lithium-ion, among others.
The key players in the global electric bike market are Accell Group, Jiangsu Xinri E-Vehicle Co., Ltd, Mahindra & Mahindra Ltd, and Fuji-ta Bicycle Co., Ltd, among others.
Analyst Review
The global electric bike market attained a value of USD 57,873.16 million in 2023, driven by the increase in implementation of government regulations to encourage the use of electric bikes. Aided by consumer inclination towards the use of e-bikes as an eco-friendly and cheaper solutions to commute and increasing cost of fuel, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product types, the industry can be segmented into pedelecs, speed pedelecs, throttle on demand, scooter and motorcycle. On the basis of drive mechanism, the market is divided into hub motor and mid-drive, among others. On the basis of battery type, the market is divided into lead acid and lithium-ion, among others. The major regional markets for electric bike are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above market include Accell Group, Jiangsu Xinri E-Vehicle Co., Ltd, Mahindra & Mahindra Ltd, and Fuji-ta Bicycle Co., Ltd, 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.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER