Publication Month: Jan 2020 | Report Code: TIPAT00002409 | No. of Pages: 165 | Category: Automotive and Transportation | Status: Published
E-bike market is led by the APAC region in 2018. APAC led the landing global e-bike market with more than 70.3% share, followed by Europe and North America region. The rate of e-bike sales growth in China outstrips other personal modes. The credibility to e-bikes was granted through legislation that governed standards for e-bike size and performance characteristics. Moreover, e-bikes were formally classified as bicycles by the China Central Government, in the year 2004, and thereby avoided the licensing and helmet regulations allied with gasoline or electric-powered two-wheelers, as well as permitting their use on standard bicycle infrastructure. Many Asian cities rely on gasoline two-wheelers that have higher speeds and cargo-carrying capacity than most e-bikes. Most Asian cities do not have a robust dedicated bicycling infrastructure, which benefits e-bike riders in China. Moreover, lack of marketing, experience, maintenance infrastructure, and higher up-front costs of e-bikes diminish overall market share. Consequently, presenting tremendous opportunities for the rise in the business of e-bike market players.
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The most alarming issue commuter’s face these days is “Traffic,” which consumes time along with the huge amount of money on fuel. As per the data given in the Inrix Global Traffic Scorecard in 2018, 60 urban areas in the US are considered among the most traffic-congested cities, wherein the repercussions of traffic congestion cost billions of dollars each year to the Americans. With the increasing investment of government and manufacturers toward the adoption of e-bikes, traffic congestion can be minimized, this increased demand is expected to fuel the growth of the global e-bike market.
In developing economies, the installation of EV charging stations and road/pathway infrastructure is yet to flourish. As per Honda (a Japan-based automotive manufacturer), the establishment of supporting infrastructure for e-bikes, which includes battery swapping and charging stations and the subsequent adoption of the advanced technology, across India will take time. Consequently, the underdeveloped charging and cycling infrastructure across various developing countries is hampering the adoption rate of e-bikes may hinder the growth of the e-bike market.
The e-bike market on the basis of battery type is segmented into lithium-ion, lithium-ion polymer, and lead-acid. The e-bike manufacturers have undertaken several initiatives to boost the adoption of these across developing countries such as India. In 2016, Hero Electric introduced vehicles powered with lithium-ion batteries. The company has approached logistics service providers in India to replace petrol bikes with their new lithium-ion battery-powered vehicles. However, the inclination of e-bike manufacturers toward transforming the scenario of automotive mobility into a sustainable mode of transportation, to reduce its impact on the environment is anticipated to create significant market space for e-bike market players operation worldwide.
The e-bike market on the basis of offerings is segmented into hub motor and mid-motor. The hub motor segment led the e-bike market, by offerings and is anticipated to continue its dominance during the forecast period. The low prices of these motors are ascribed to the constant use of the same design in some cases for several years. On the other hand, the hub motors are comparatively heavier than the mid-drives, which might hamper the effectiveness of an e-bike suspension. Both rear and front hub motors are used in a vehicle as per their application are the major factor driving the revenue generation of the hub motor segment in the e-bike market.
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|Market Size Value in||US$ 35,862.5 Million in 2018|
|Market Size Value by||US$ 224,014.2 Million by 2027|
|Growth rate||CAGR of 23.6% from 2019-2027|
|No. of Pages||165|
|No. of Tables||112|
|No. of Charts & Figures||84|
|Historical data available||Yes|
|Segments covered||Battery Type ; Motor Type ; Class ; Mode|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Market Initiatives was observed as the most adopted strategy in global e-bike market. Few of the recent market initiatives are listed below;
2020:Merida has completed its ebike line by adding two new aluminium models- eOne-Sixty and eOne-Forty limited. These two e-bikes provide the rider with the company’s integrated battery system at a more reasonable price.
2019:Aventon has introduced Ultro. It is a first carbon fiber frameset for the track and fixed gear cycling. During assembling or maintaining Aventon Ultro, a torque wrench is used to avoid cases of over-tighten.
2018:Bosch eBike Systems planned to provide free professional training at the Interbike 2018. The retailer technicians are allowed to use the training with an aim to renew their certification. The training includes removal and re-installation of components, laptop diagnostic tool operation, service process, and more.
The List of Companies - E-bike Market