Market by Products, Drive Mechanism, Application, and Geography | Forecast 2021-2028
After a detailed analysis, Triton Market Research’s report has concluded that the global e-bike market is likely to display an upward trend in terms of revenue. The market is estimated to grow at a CAGR of 9.95% during the assessed years 2021-2028. The market accounted for $25.03 billion in 2020, and is predicted to reach $48.46 billion by 2028.
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Electric bikes refer to bikes
that are mainly powered by an electric motor, which assists the riders pedaling
the bike. Moreover, these bikes can be considered an ideal substitute for
scooters as they are eco-friendly, versatile, and trendy. Here, the e-bikes
covered in the report include pedelecs, throttle on demand, and scooter or
motorcycle.
Triton’s report on the e-bike
market provides a detailed analysis of the market definition, key insight,
Porter’s five forces analysis, market attractiveness index, vendor scorecard,
and impact of COVID-19 on the market.
The market is mainly driven by
governmental incentives, along with changing consumer preference. Governments
are promoting eco-friendly modes of transportation to decrease environmental
pollution. Several European countries, such as the Netherlands, Denmark,
Belgium, and Germany, have infrastructures in place for bicycles, including
separate lanes and traffic rules. Additionally, e-bikes serve as an efficient
solution as it helps reduce traffic congestion and curb emission. This has led
to a rise in trends pertaining to consumer preference towards e-bikes.
Furthermore, e-bikes are
showing growing opportunities for delivery services. Due to growing e-commerce,
there is a surge in need for increased logistics services, including the demand
for transport services that deliver parcels at a fast rate. There are a few
benefits of using e-bikes as opposed to other modes of transportation. Firstly,
as mentioned earlier, e-bikes can easily cut traffic, and secondly, it helps
eliminate ecological damage due to petroleum-based vehicles. Lastly, since
e-bikes are cheaper compared to pickup trucks and scooters, they are
cost-effective in deliveries that are in shorter distances.
However, the high cost and problems related to distribution are significant factors negatively impacting the studied market’s progress. In recent times, e-bikes costs are relatively high for certain consumers. Nevertheless, with advancements in battery technology and a rise in competition, the prices might become affordable.
Major geographies covered in the e-bike market
are:
• North America: United States and Canada
• Europe: United Kingdom, Germany, France, Italy, Russia,
Belgium, Netherlands, 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
The e-bike market, in this
report, is segmented as:
• Based on Product:
o Pedelecs
o Throttle
on Demand
o Scooter
or Motorcycle
• Based on Drive Mechanism:
o Hub
Motor
o Mid-Drive
o Others
• Based on Application:
o City/Urban
o Trekking
o Cargo
The major players engaged in the e-bike market
are Shimano
Inc, Golden Wheel Group, Jiangsu Xinri E-Vehicle Co Ltd, Robert Bosch GmbH, Vanmoof, Brose
Fahrzeugteile SE & Co KG, Stromer, Trek
Bicycle Corporation, Giant Manufacturing Co Ltd, Riese & Mueller, QWIC, BMZ GmbH, Fuji-Ta Bicycle Co
Ltd, Accell Group, Panasonic Corporation, Derby
Cycle, and LG Chem.
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VIEW REPORT1. GLOBAL
E-BIKE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. PROPER
BICYCLING INFRASTRUCTURE & BETTER BATTERY TECHNOLOGY KEY FOR E-BIKE MARKET
2.2.2. INCREASE
AFFORDABILITY DUE TO E-BIKE SHARING SYSTEM
2.2.3. TRENDS
OF USING CYCLING FOR FITNESS ACTIVITY ON RISE
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
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. MARKET
DRIVERS
2.6.1. GOVERNMENT
INCENTIVES FAVORING MARKET GROWTH
2.6.2. INCREASED
PREFERNCE FOR E-BIKE MARKET
2.7. MARKET
RESTRAINTS
2.7.1. HIGH
COST OF E-BIKES AND PRODUCT RECALLS
2.7.2. PROBLEMS
RELATED TO DISTRIBUTION
2.8. MARKET
OPPORTUNITIES
2.8.1. INCREASED
USAGE OF E-BIKES FOR DELIVERY SERVICES
2.8.2. E-BIKES
AS A SOLUTION TO RISING FUEL PRICES
2.9. IMPACT
OF COVID-19 ON E-BIKE MARKET
3. GLOBAL
E-BIKE MARKET OUTLOOK - BY PRODUCTS
3.1. PEDELECS
3.2. THROTTLE
ON DEMAND
3.3. SCOOTER
OR MOTORCYCLE
4. GLOBAL
E-BIKE MARKET OUTLOOK - BY DRIVE MECHANISM
4.1. HUB
MOTOR
4.2. MID-DRIVE
4.3. OTHERS
5. GLOBAL
E-BIKE MARKET OUTLOOK - BY APPLICATION
5.1. CITY/URBAN
5.2. TREKKING
5.3. CARGO
6. GLOBAL
E-BIKE MARKET - REGIONAL OUTLOOK
6.1. NORTH
AMERICA
6.1.1. MARKET
BY PRODUCTS
6.1.2. MARKET
BY DRIVE MECHANISM
6.1.3. MARKET
BY APPLICATION
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET
BY PRODUCTS
6.2.2. MARKET
BY DRIVE MECHANISM
6.2.3. MARKET
BY APPLICATION
6.2.4. COUNTRY
ANALYSIS
6.2.4.1. UNITED
KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. ITALY
6.2.4.5. RUSSIA
6.2.4.6. BELGIUM
6.2.4.7. NETHERLANDS
6.2.4.8. REST
OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET
BY PRODUCTS
6.3.2. MARKET
BY DRIVE MECHANISM
6.3.3. MARKET
BY APPLICATION
6.3.4. COUNTRY
ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH
KOREA
6.3.4.5. INDONESIA
6.3.4.6. THAILAND
6.3.4.7. VIETNAM
6.3.4.8. AUSTRALIA
& NEW ZEALAND
6.3.4.9. REST
OF ASIA-PACIFIC
6.4. LATIN
AMERICA
6.5. MIDDLE
EAST AND AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. ACCELL
GROUP
7.2. BMZ
GMBH
7.3. BROSE
FAHRZEUGTEILE SE & CO KG
7.4. DERBY
CYCLE
7.5. FUJI-TA
BICYCLE CO LTD
7.6. GIANT
MANUFACTURING CO LTD
7.7. JIANGSU
XINRI E-VEHICLE CO LTD
7.8. LG
CHEM
7.9. PANASONIC
CORPORATION
7.10. ROBERT
BOSCH GMBH
7.11. SHIMANO
INC
7.12. GOLDEN
WHEEL GROUP
7.13. TREK
BICYCLE CORPORATION
7.14. QWIC
7.15. VANMOOF
7.16. STROMER
7.17. RIESE
& MUELLER
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1. GLOBAL E-BIKE MARKET,
BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 2. MARKET ATTRACTIVENESS
INDEX
TABLE 3. VENDOR SCORECARD
TABLE 4. GLOBAL E-BIKE MARKET,
BY PRODUCTS, 2021-2028 (IN $ MILLION)
TABLE 5. GLOBAL E-BIKE MARKET,
BY DRIVE MECHANISM, 2021-2028 (IN $ MILLION)
TABLE 6. GLOBAL E-BIKE MARKET,
BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 7. GLOBAL E-BIKE MARKET,
BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 8. NORTH AMERICA E-BIKE
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 9. NORTH AMERICA E-BIKE
MARKET, BY PRODUCTS, 2021-2028 (IN $ MILLION)
TABLE 10. NORTH AMERICA E-BIKE
MARKET, BY DRIVE MECHANISM, 2021-2028 (IN $ MILLION)
TABLE 11. NORTH AMERICA E-BIKE
MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 12. EUROPE E-BIKE
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 13. EUROPE E-BIKE
MARKET, BY PRODUCTS, 2021-2028 (IN $ MILLION)
TABLE 14. EUROPE E-BIKE
MARKET, BY DRIVE MECHANISM, 2021-2028 (IN $ MILLION)
TABLE 15. EUROPE E-BIKE
MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 16. ASIA-PACIFIC E-BIKE
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 17. ASIA-PACIFIC E-BIKE
MARKET, BY PRODUCTS, 2021-2028 (IN $ MILLION)
TABLE 18. ASIA-PACIFIC E-BIKE
MARKET, BY DRIVE MECHANISM, 2021-2028 (IN $ MILLION)
TABLE 19. ASIA-PACIFIC E-BIKE
MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
FIGURE 1. PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2. GLOBAL E-BIKE
MARKET, BY PEDELECS, 2021-2028 (IN $ MILLION)
FIGURE 3. GLOBAL E-BIKE
MARKET, BY THROTTLE ON DEMAND, 2021-2028 (IN $ MILLION)
FIGURE 4. GLOBAL E-BIKE
MARKET, BY SCOOTER OR MOTORCYCLE, 2021-2028 (IN $ MILLION)
FIGURE 5. GLOBAL E-BIKE
MARKET, BY HUB MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 6. GLOBAL E-BIKE
MARKET, BY MID-DRIVE, 2021-2028 (IN $ MILLION)
FIGURE 7. GLOBAL E-BIKE
MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 8. GLOBAL E-BIKE
MARKET, BY CITY/URBAN, 2021-2028 (IN $ MILLION)
FIGURE 9. GLOBAL E-BIKE
MARKET, BY TREKKING, 2021-2028 (IN $ MILLION)
FIGURE 10. GLOBAL E-BIKE
MARKET, BY CARGO, 2021-2028 (IN $ MILLION)
FIGURE 11. GLOBAL E-BIKE
MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)
FIGURE 12. UNITED STATES
E-BIKE MARKET 2021-2028 (IN $ MILLION)
FIGURE 13. CANADA E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 14. UNITED KINGDOM
E-BIKE MARKET 2021-2028 (IN $ MILLION)
FIGURE 15. GERMANY E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 16. FRANCE E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 17. ITALY E-BIKE MARKET
2021-2028 (IN $ MILLION)
FIGURE 18. RUSSIA E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 19. BELGIUM E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 20. NETHERLANDS
E-BIKE MARKET 2021-2028 (IN $ MILLION)
FIGURE 21. REST OF EUROPE
E-BIKE MARKET 2021-2028 (IN $ MILLION)
FIGURE 22. CHINA E-BIKE MARKET
2021-2028 (IN $ MILLION)
FIGURE 23. JAPAN E-BIKE MARKET
2021-2028 (IN $ MILLION)
FIGURE 24. INDIA E-BIKE MARKET
2021-2028 (IN $ MILLION)
FIGURE 25. SOUTH KOREA E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 26. INDONESIA E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 27. THAILAND E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 28. VIETNAM E-BIKE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 29. AUSTRALIA & NEW
ZEALAND E-BIKE MARKET 2021-2028 (IN $ MILLION)
FIGURE 30. REST OF
ASIA-PACIFIC E-BIKE MARKET 2021-2028 (IN $ MILLION)
FIGURE 31. LATIN AMERICA
E-BIKE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 32. MIDDLE EAST AND
AFRICA E-BIKE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)