GLOBAL E-BIKE MARKET 2022-2028

Automotive & Transportation | Automotive Technologies

GLOBAL E-BIKE MARKET 2022-2028

Market by Product, Drive Mechanism, Application, Battery, Power, and Regional Outlook | Forecast 2022-2028

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Electric bikes can be defined as battery-assisted or battery-driven two-wheelers.

According to Triton Market Research’s report, the Global E-Bike Market is likely to grow with a CAGR of 10.12% in the forecast period 2022-2028The market was valued at $25239.55 million in 2021, and is expected to reach a revenue of $49731.01 million by 2028. In terms of volume, the global e-bike sales in 2021 were 31411 thousand units and are estimated to reach 61161 thousand units by 2028, growing with a CAGR of 9.97%.

In this report, segways and kick scooters that are ridden standing on the vehicle are excluded. The report, however, covers e-bicycle (pedelecs and throttle on demand), e-scooters, and e-motorcycles.


Click here to check out our blog on the Global E-Bike Market

MARKET PERFORMANCE – DRIVERS, CHALLENGES, AND TRENDS

Increased demand for eco-friendly transportation, favorable government incentives, and increased preference for e-bikes are the key drivers supporting the market’s growth. With the growing environmental concerns, governments in several countries are incentivizing and promoting the use of electric mobility.  Electric bicycles, scooters, and motorbikes have received a lot of attention from governments as reliable and efficient light motor vehicles (LMVs) that help reduce carbon emissions.

For e-bikes specifically, governments are offering incentives, promoting manufacturing, and helping develop bicycle infrastructure. Moreover, the consumer focus on e-bikes has been increasing. The popularity of electric bicycles has significantly increased across every continent in response to design and performance gains as well as economic or environmental concerns. Moreover, a shift in preference for electric bikes as an easier and quicker mode of transportation through traffic for daily commute boosts the market growth. Hence, e-bikes serve as an efficient solution that reduce traffic congestion and curb emissions.

The high cost of e-bikes and product recalls & problems related to distribution are significantly hampering the market’s growth. E-bikes are becoming more expensive compared to traditional motorbikes due to the expenses related to design, wiring, motor or mini engine, and battery power. The cost of an e-bike majorly depends on its grade and quality. The high costs of new e-bike batteries and their replacement also hinder the studied market’s growth, as people prefer spending less money purchasing new e-bike batteries. Moreover, neither mass retailers nor bike shops presently work towards distributing e-bikes. This creates challenges for the e-bike market’s growth.

The emergence of cycling as a fitness trend creates an overall positive outlook for the market. Presently, consumers have become more health-conscious due to work-related stress and a sedentary lifestyle. Cycling is considered a healthy and low-impact activity with several physical and mental health benefits, such as building endurance, alleviating stress, enhancing muscle strength, and improving cardiovascular fitness. Thus, the growing interest in cycling as a fitness and recreational activity has increased the demand for e-bikes, thereby fostering the market growth.



Report scope can be customized per your requirements. Request For Customization

KEY GEOGRAPHIES COVERED:

•         North America: The United States and Canada

•         Europe: The United Kingdom, Germany, France, Spain, Italy, the Netherlands, Belgium, and Rest of Europe

•      Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific

•         Latin America

•         Middle East and Africa

SEGMENTATION ANALYSIS – E-BIKE MARKET:

•         Market by Product:

o        Pedelecs

o        Throttle on Demand

o        Scooter

o        Motorcycle

Pedelecs leads the market by product. In the pedelec class of electric bikes, the drive system can be activated by the action of pedaling to reach a higher speed. This class has been categorized as a motor vehicle in many parts of Europe, thus requiring special licensing, along with an identification plate. Here, the maximum speed has been set at 28 mph and is restricted to be used on private property or roads. In the United States, unlike in Europe, this class of bikes is considered a low-speed electric bicycle and does not require special licensing.

•         Market by Drive Mechanism:

o        Hub Motor

o        Mid-drive

Mid-drive e-bikes are is expected to show the fastest growth in the market by drive mechanism. The mid-drive system is designed such that the motor is mounted on or near the bottom bracket of the e-bicycle. Because the motor is placed at the cranks, it offers a better weight distribution than hub motors, resulting in a lower center of gravity and a more balanced ride. Mid-drive e-bikes also make minor repairs easier and are compatible with any wheel type because the electric components are mounted on the frame.

•         Market by Application:

o        City/Urban

o        Trekking

o        Cargo

•         Market by Battery:

o        Lithium-Ion

o        Lead-Acid

•         Market by Power:

o        Less than & Equal to 250 W

o        Above 250 W

COMPETITIVE LANDSCAPE:

The competitive landscape helps dive into data about the key players in the e-bike market. The strategic initiatives for each of the companies considered have been covered in detail.

Partnerships (March 2022): Ola Electric and StoreDot

Ola Electric formed a strategic partnership with StoreDot, an Israeli business that specializes in ultra-fast charging technologies. Ola Electric will gain access to StoreDot’s cutting-edge XFC battery technology, which can charge a battery from 0 to 100% in 5 minutes.

Product Launch (May 2021):

Hero Lectro unveiled the Hero Lectro WINN, its first purpose-built cargo vehicle, an e-cycle designed specifically to meet the expanding needs of last-mile e-commerce delivery in India.

Business Expansions (January 2021): Silence Urban Ecomobility

Silence Urban Ecomobility increased its presence in the United Kingdom. In Solihull, Silence established its ‘urban ecomobility’ headquarters, a training center, and the UK’s first retail store.

 

Key Benefits of the Report:

   Triton Market Research has a collective experience of 25-30 years in the industry, with its analysts and experts encompassing the most infallible research methodology for its market intelligence and industry analysis.

 

     Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.

 

  The strategy adopted in designing the research methodology includes the amalgamation of the information assembled from primary and secondary sources, with the assistance of analytical tools to construct the forecast and predictive models.

 

     The scope of the market report comprises the current scenario of the global E-Bike market, along with the detailed overview of the industry outlook, market dynamics, segmentation analysis, regional outlook, and competitive landscape for the period 2022-2028.

 

FAQs:

Q 1) Which region captures the largest share in the global e-bike market?

Asia-Pacific captures the largest market share in the global e-bike market.

Q 2) Does the report provide information on volume as well?

Yes, we have covered the report in volume terms (thousand units) as well. However, the volumetric data is available only for regions and countries and not for segments. 

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Table of Content

1. GLOBAL E-BIKE MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. KEY INSIGHTS

2.1.1. INCREASED INVESTMENTS IN BICYCLING INFRASTRUCTURE & BATTERY TECHNOLOGY

2.1.2. GROWING AFFORDABILITY DUE TO THE E-BIKE SHARING SYSTEM

2.1.3. CYCLING AS A FITNESS TREND IS ON THE RISE

2.2. IMPACT OF COVID-19 ON THE E-BIKE MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. CONTRACTS & PARTNERSHIPS

2.6.2. BUSINESS EXPANSIONS & DIVESTITURES

2.6.3. ACQUISITIONS & MERGERS

2.6.4. NEW PRODUCT LAUNCHES & INVESTMENTS

2.7. MARKET DRIVERS

2.7.1. INCREASED DEMAND FOR ECO-FRIENDLY TRANSPORTATION

2.7.2. FAVORABLE GOVERNMENT INCENTIVES

2.7.3. INCREASED PREFERENCE FOR E-BIKES

2.8. MARKET CHALLENGES

2.8.1. HIGH COST OF E-BIKES AND PRODUCT RECALLS

2.8.2. PROBLEMS RELATED TO DISTRIBUTION

2.9. MARKET OPPORTUNITIES

2.9.1. INCREASED USAGE OF E-BIKES FOR DELIVERY SERVICES

2.9.2. E-BIKES AS A SOLUTION TO RISING FUEL PRICES

3. GLOBAL E-BIKE MARKET – BY PRODUCT

3.1. PEDELECS

3.2. THROTTLE ON DEMAND

3.3. SCOOTERS

3.4. MOTORCYCLES

4. GLOBAL E-BIKE MARKET – BY DRIVE MECHANISM

4.1. HUB MOTOR

4.2. MID-DRIVE

5. GLOBAL E-BIKE MARKET – BY APPLICATION

5.1. CITY/URBAN

5.2. TREKKING

5.3. CARGO

6. GLOBAL E-BIKE MARKET – BY BATTERY

6.1. LITHIUM-ION

6.2. LEAD-ACID

7. GLOBAL E-BIKE MARKET – BY POWER

7.1. LESS THAN & EQUAL TO 250 W

7.2. ABOVE 250 W

8. GLOBAL E-BIKE MARKET – REGIONAL OUTLOOK

8.1. NORTH AMERICA

8.1.1. MARKET BY PRODUCT

8.1.2. MARKET BY DRIVE MECHANISM

8.1.3. MARKET BY APPLICATION

8.1.4. MARKET BY BATTERY

8.1.5. MARKET BY POWER

8.1.6. TOP 5 PLAYERS IN NORTH AMERICA

8.1.7. COUNTRY ANALYSIS

8.1.7.1. THE UNITED STATES

8.1.7.1.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN THE UNITED STATES

8.1.7.2. CANADA

8.1.7.2.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN CANADA

8.2. EUROPE

8.2.1. MARKET BY PRODUCT

8.2.2. MARKET BY DRIVE MECHANISM

8.2.3. MARKET BY APPLICATION

8.2.4. MARKET BY BATTERY

8.2.5. MARKET BY POWER

8.2.6. TOP 5 PLAYERS IN EUROPE

8.2.7. COUNTRY ANALYSIS

8.2.7.1. THE UNITED KINGDOM

8.2.7.1.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN THE UNITED KINGDOM

8.2.7.2. GERMANY

8.2.7.2.1. REGULATIONS FOR THE E-BIKE MARKET IN GERMANY

8.2.7.3. FRANCE

8.2.7.3.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN FRANCE

8.2.7.4. ITALY

8.2.7.4.1. INCENTIVES FOR THE E-BIKE MARKET IN ITALY

8.2.7.5. SPAIN

8.2.7.5.1. INVESTMENTS & INCENTIVES FOR THE E-BIKE MARKET IN SPAIN

8.2.7.6. BELGIUM

8.2.7.6.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN BELGIUM

8.2.7.7. THE NETHERLANDS

8.2.7.7.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN THE NETHERLANDS

8.2.7.8. REST OF EUROPE

8.3. ASIA-PACIFIC

8.3.1. MARKET BY PRODUCT

8.3.2. MARKET BY DRIVE MECHANISM

8.3.3. MARKET BY APPLICATION

8.3.4. MARKET BY BATTERY

8.3.5. MARKET BY POWER

8.3.6. TOP 5 PLAYERS IN THE ASIA-PACIFIC

8.3.7. COUNTRY ANALYSIS

8.3.7.1. CHINA

8.3.7.1.1. REGULATIONS FOR THE E-BIKE MARKET IN CHINA

8.3.7.2. JAPAN

8.3.7.2.1. REGULATIONS FOR THE E-BIKE MARKET IN JAPAN

8.3.7.3. INDIA

8.3.7.3.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN INDIA

8.3.7.4. SOUTH KOREA

8.3.7.4.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN SOUTH KOREA

8.3.7.5. INDONESIA

8.3.7.5.1. REGULATIONS FOR THE E-BIKE MARKET IN INDONESIA

8.3.7.6. THAILAND

8.3.7.6.1. INCENTIVES FOR THE E-BIKE MARKET IN THAILAND

8.3.7.7. VIETNAM

8.3.7.7.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN VIETNAM

8.3.7.8. AUSTRALIA & NEW ZEALAND

8.3.7.8.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN AUSTRALIA & NEW ZEALAND

8.3.7.9. REST OF ASIA-PACIFIC

8.4. LATIN AMERICA

8.5. MIDDLE EAST AND AFRICA

9. COMPETITIVE LANDSCAPE

9.1. ACCELL GROUP

9.2. BMZ GMBH

9.3. BROSE FAHRZEUGTEILE SE & CO KG

9.4. DERBY CYCLE

9.5. FUJI-TA BICYCLE CO LTD

9.6. GIANT MANUFACTURING CO LTD

9.7. JIANGSU XINRI E-VEHICLE CO LTD

9.8. LG CHEM

9.9. PANASONIC CORPORATION

9.10. ROBERT BOSCH GMBH

9.11. SAMSUNG SDI CO LTD

9.12. SHIMANO INC

9.13. GOLDEN WHEEL GROUP

9.14. TREK BICYCLE CORPORATION

9.15. QWIC

9.16. VANMOOF

9.17. STROMER

9.18. RIESE & MÜLLER

9.19. YADEA GROUP HOLDINGS LTD

9.20. NIU INTERNATIONAL

9.21. SILENCE URBAN ECOMOBILITY

9.22. HERO ELECTRIC

9.23. VMOTO LIMITED

10. METHODOLOGY & SCOPE

10.1. RESEARCH SCOPE & DELIVERABLES

10.2. SOURCES OF DATA

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL E-BIKE MARKET, REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: GLOBAL E-BIKE MARKET, REGIONAL OUTLOOK, 2022-2028 (IN THOUSAND UNITS)

TABLE 3: MARKET ATTRACTIVENESS INDEX

TABLE 4: VENDOR SCORECARD

TABLE 5: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 6: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 7: LIST OF ACQUISITIONS & MERGERS

TABLE 8: LIST OF NEW PRODUCT LAUNCHES & INVESTMENTS

TABLE 9: GLOBAL E-BIKE MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)

TABLE 10: GLOBAL E-BIKE MARKET, BY DRIVE MECHANISM, 2022-2028 (IN $ MILLION)

TABLE 11: GLOBAL E-BIKE MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 12: GLOBAL E-BIKE MARKET, BY BATTERY, 2022-2028 (IN $ MILLION)

TABLE 13: GLOBAL E-BIKE MARKET, BY POWER, 2022-2028 (IN $ MILLION)

TABLE 14: GLOBAL E-BIKE MARKET, REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 15: GLOBAL E-BIKE MARKET, REGIONAL OUTLOOK, 2022-2028 (IN THOUSAND UNITS)

TABLE 16: NORTH AMERICA E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 17: NORTH AMERICA E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN THOUSAND UNITS)

TABLE 18: NORTH AMERICA E-BIKE MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)

TABLE 19: NORTH AMERICA E-BIKE MARKET, BY DRIVE MECHANISM, 2022-2028 (IN $ MILLION)

TABLE 20: NORTH AMERICA E-BIKE MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 21: NORTH AMERICA E-BIKE MARKET, BY BATTERY, 2022-2028 (IN $ MILLION)

TABLE 22: NORTH AMERICA E-BIKE MARKET, BY POWER, 2022-2028 (IN $ MILLION)

TABLE 23: TOP 5 PLAYERS IN NORTH AMERICA

TABLE 24: REGULATIONS FOR THE E-BIKE MARKET IN THE UNITED STATES

TABLE 25: ACTIVE INCENTIVES FOR THE E-BIKE MARKET IN THE UNITED STATES

TABLE 26: REGULATIONS FOR THE E-BIKE MARKET IN CANADA

TABLE 27: ACTIVE INCENTIVES FOR THE E-BIKE MARKET IN CANADA

TABLE 28: EUROPE E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 29: EUROPE E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN THOUSAND UNITS)

TABLE 30: EUROPE E-BIKE MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)

TABLE 31: EUROPE E-BIKE MARKET, BY DRIVE MECHANISM, 2022-2028 (IN $ MILLION)

TABLE 32: EUROPE E-BIKE MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 33: EUROPE E-BIKE MARKET, BY BATTERY, 2022-2028 (IN $ MILLION)

TABLE 34: EUROPE E-BIKE MARKET, BY POWER, 2022-2028 (IN $ MILLION)

TABLE 35: TOP 5 PLAYERS IN EUROPE

TABLE 36: ASIA-PACIFIC E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 37: ASIA-PACIFIC E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN THOUSAND UNITS)

TABLE 38: ASIA-PACIFIC E-BIKE MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)

TABLE 39: ASIA-PACIFIC E-BIKE MARKET, BY DRIVE MECHANISM, 2022-2028 (IN $ MILLION)

TABLE 40: ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 41: ASIA-PACIFIC E-BIKE MARKET, BY BATTERY, 2022-2028 (IN $ MILLION)

TABLE 42: ASIA-PACIFIC E-BIKE MARKET, BY POWER, 2022-2028 (IN $ MILLION)

TABLE 43: TOP 5 PLAYERS IN THE ASIA-PACIFIC

TABLE 44: ARAI REGULATIONS FOR BATTERY-OPERATED VEHICLES

TABLE 45: STATEWISE INCENTIVES FOR ELECTRIC TWO-WHEELERS IN INDIA

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: GLOBAL E-BIKE MARKET, BY PRODUCT, 2021 (AVERAGE PRICE: $/UNIT)

FIGURE 3: GLOBAL E-BIKE MARKET, BY PRODUCT, 2021 & 2028 (IN %)

FIGURE 4: GLOBAL E-BIKE MARKET, BY PEDELECS, 2022-2028 (IN $ MILLION)

FIGURE 5: GLOBAL E-BIKE MARKET, BY THROTTLE ON DEMAND, 2022-2028 (IN $ MILLION)

FIGURE 6: GLOBAL E-BIKE MARKET, BY SCOOTERS, 2022-2028 (IN $ MILLION)

FIGURE 7: GLOBAL E-BIKE MARKET, BY MOTORCYCLES, 2022-2028 (IN $ MILLION)

FIGURE 8: GLOBAL E-BIKE MARKET, BY DRIVE MECHANISM, 2021 & 2028 (IN %)

FIGURE 9: GLOBAL E-BIKE MARKET, BY HUB MOTOR, 2022-2028 (IN $ MILLION)

FIGURE 10: GLOBAL E-BIKE MARKET, BY MID-DRIVE, 2022-2028 (IN $ MILLION)

FIGURE 11: GLOBAL E-BIKE MARKET, BY APPLICATION, 2021 & 2028 (IN %)

FIGURE 12: GLOBAL E-BIKE MARKET, BY CITY/URBAN, 2022-2028 (IN $ MILLION)

FIGURE 13: GLOBAL E-BIKE MARKET, BY TREKKING, 2022-2028 (IN $ MILLION)

FIGURE 14: GLOBAL E-BIKE MARKET, BY CARGO, 2022-2028 (IN $ MILLION)

FIGURE 15: GLOBAL E-BIKE MARKET, BY BATTERY, 2021 & 2028 (IN %)

FIGURE 16: GLOBAL E-BIKE MARKET, BY LITHIUM-ION, 2022-2028 (IN $ MILLION)

FIGURE 17: GLOBAL E-BIKE MARKET, BY LEAD-ACID, 2022-2028 (IN $ MILLION)

FIGURE 18: GLOBAL E-BIKE MARKET, BY POWER, 2021 & 2028 (IN %)

FIGURE 19: GLOBAL E-BIKE MARKET, BY LESS THAN & EQUAL TO 250 W, 2022-2028 (IN $ MILLION)

FIGURE 20: GLOBAL E-BIKE MARKET, BY ABOVE 250 W, 2022-2028 (IN $ MILLION)

FIGURE 21: THE UNITED STATES E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: CANADA E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: THE UNITED KINGDOM E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: GERMANY E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: FRANCE E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: ITALY E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: SPAIN E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: BELGIUM E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: THE NETHERLANDS E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: REST OF EUROPE E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: CHINA E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 32: JAPAN E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: INDIA E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: SOUTH KOREA E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 35: INDONESIA E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: THAILAND E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 37: VIETNAM E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 39: REST OF ASIA-PACIFIC E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 40: LATIN AMERICA E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 41: MIDDLE EAST AND AFRICA E-BIKE MARKET 2022-2028 (IN $ MILLION)

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