E-Bike Market Size Share Growth Analysis | Industry Trends 2028

E-Bike Market to 2027 - Global Analysis and Forecast by Battery Type (Lithium-Ion, Lithium-Ion Polymer, Lead Acid); Motor Type (Hub Motor, Mid Motor); Class (Class-I, Class-II, Class-III); Mode (Pedal Assist Mode, Throttle Mode)

Publication Month : Jan 2020

  • Report Code : TIPAT00002409
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 165
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The e-bike market accounted to US$ 35,862.5 Mn in 2018 and is expected to grow at a CAGR of 23.6% during the forecast period 2019 – 2027, to account to US$ 224,014.2 Mn by 2027.

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.

Lucrative Regional E-bike Markets

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Market Insights

Adoption of E-Bike to Reduce Traffic Congestion is expected to boost the e-bike market

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.

Underdeveloped Charging and Cycling Infrastructure in Developing Countries may restrain the future growth of the 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.

Battery Type Segment Insights

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.  

Motor Type Segment Insights

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.

Rest of APAC E-Bike Market by Class

Rest of APAC E-Bike Market by Class
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E-Bike Market: Strategic Insights

Market Size Value inUS$ 35,862.5 Million in 2018
Market Size Value byUS$ 224,014.2 Million by 2027
Growth rateCAGR of 23.6% from 2019-2027
Forecast Period2019-2027
Base Year2019
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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.


Global E-bike Market – By Battery Type

  • Lithium-Ion
  • Lithium-Ion Polymer
  • Lead Acid

Global E-bike Market – By Motor Type

  • Hub Motor
  • Mid Motor

Global E-bike Market – By Class Type

  • Class I
  • Class II
  • Class III

Global E-bike Market – By Mode

  • Pedal Assist Mode
  • Throttle Mode

Global E-bike Market - By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Russia
    • UK
    • The Netherlands
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • UAE
    • Saudi Arabia
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM

Global E-Bike Market - Company Profiles

  • Haibike
  • Aventon Bikes
  • Giant Bicycles
  • Merida Industry Co., Ltd.
  • Pedego Electric Bikes
  • Robert Bosch GmbH
  • Specialized Bicycle Components, Inc.
  • Shimano Inc.
  • Trek Bicycle Corporation
  • Yamaha Motor Co., Ltd.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Battery Type ; Motor Type ; Class ; Mode

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Netherlands, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

Which battery type is most commonly used in E-bike?

The adoption of lithium-ion (Li-ion) batteries is high in automotive and consumer electronics industries. Higher energy efficiency and extended battery life are among the major advantages these batteries that contribute to such wider adoptions. Along with auto-manufacturers, e-bike manufacturers are more inclined toward transforming the scenario of automotive mobility into a sustainable mode of transportation, to reduce its impact on the environment. Therefore, lithium-ion battery is compared on the basis of few parameters, such as safety, lifespan, performance, specific energy, specific power, and cost.

What are market opportunities for logistics automation market?

The smart mobility evolution is taking place rapidly across the world with the adoption of mobility-as-a-service (MaaS), big data, and smart cities initiatives. The continuous growth in private fleet-based bicycle systems and the development in the traditional public bicycle share (PBS) schemes are increasing the e-bicycle share; thus, boosting the demand for bike-sharing services globally. The increasing demand for bike-sharing services is propelling the growth of the e-bike market across the world. Thus, bike-sharing services are expected to create huge opportunities for the growth of the e-bike market during the forecast period.

Which continent has highest demand for e-bike?

APAC contributed largest market share in the E-bike market. Vehicular emissions are the most significant contributors to the pollution caused in the region. The major focus of manufacturer towards the development of battery technology, growing bicycle infrastructure, and shifting consumer purchasing behavior are expected to create huge opportunities for the growth of the E-bike Market in the region during the forecast period.

The List of Companies - E-bike Market

  1. Haibike
  2. Aventon Bikes
  3. Giant Bicycles
  4. Merida Industry Co., Ltd.
  5. Pedego Electric Bikes
  6. Robert Bosch GmbH
  7. Specialized Bicycle Components, Inc.
  8. Shimano Inc.
  9. Trek Bicycle Corporation
  10. Yamaha Motor Co., Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

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  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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