Global Electric Bike Market: By Product Type: Pedelecs, Speed Pedelecs, Throttle on Demand, Scooter and Motorcycle; By Drive Mechanism: Hub Motor, Mid-Drive, Others; By Battery Type; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Electric Bike Market Outlook

The global electric bike market attained a value of around USD 43719 million in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 9.80% to reach USD 76,609 million by 2026.

 

Global Electric Bike Market

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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.

 

Global Electric Bike Market by Segment

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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.

 

Global Electric Bike Market by Region

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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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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    Industry Opportunities and Challenges
8    Global Electric Bike Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Bike Historical Market (2018-2022) 
    8.3    Global Electric Bike Market Forecast (2023-2028)
    8.4    Global Electric Bike Market by Product Type
        8.4.1    Pedelecs
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Speed Pedelecs
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Throttle on Demand
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Scooter and Motorcycle
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
    8.5    Global Electric Bike Market by Drive Mechanism
        8.5.1    Hub Motor
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Mid-Drive
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Electric Bike Market by Battery Type
        8.6.1    Lead Acid
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Lithium-Ion 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others    
    8.7    Global Electric Bike Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Electric Bike Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Electric Bike Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Electric Bike Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America  Electric Bike Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Electric Bike Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global Electric Bike Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Global Electric Bike Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Electric Bike Historical Market: Breakup by Drive Mechanism (USD Million), 2018-2022
5.    Global Electric Bike Market Forecast: Breakup by Drive Mechanism (USD Million), 2023-2028
6.    Global Electric Bike Historical Market: Breakup by Battery Type (USD Million), 2018-2022
7.    Global Electric Bike Market Forecast: Breakup by Battery Type (USD Million), 2023-2028
8.    Global Electric Bike Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Electric Bike Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Electric Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Electric Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Electric Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Electric Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Electric Bike Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Electric Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Electric Bike Market Structure

Key Questions Answered in the Report

In 2020, the global electric bike market attained a value of nearly USD 43,719 million.

The market is projected to grow at a CAGR of 9.80% between 2023 and 2028.

The key market drivers guiding the growth of the industry include increasing cost of fuel, increase in pollution and traffic congestion, increasing preference by tourists for e-bikes as a self-driving alternative and improvement in e-bike infrastructure and battery technology.

The key industry trends for global electric bike industry are increasing consumer inclination toward use of e-bikes as an eco-friendly solution for commute and increasing implementation of government regulations to encourage the use of electric bikes.

The major regions in the industry are North America, Latin America, Europe, the Asia Pacific, the Middle East and Africa, with Europe accounting for the significant share in the market.

The significant classifications of industry on the basis of product type are pedelecs, speed pedelecs, throttle on demand, scooter and motorcycle.

The significant segments of the industry on the basis of its drive mechanism are hub motor and mid-drive, among others.

The significant segments of the industry on the basis of battery type are lead acid and lithium-ion, among others.

The major players in the industry 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 43,719 million in 2020, 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 2023-2028, growing at a CAGR of 9.80%.

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.

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