E-Bike Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2030

The E-Bike market is expected to grow from US$ 39,660.1 Million in 2022 to US$ 1,08,604.6 Million by 2030. The E-Bike market is estimated to register a CAGR of 13.4% from 2022 to 2030.

The increasing development of e-bikes using lightweight material and advanced smart systems is likely to remain a key trend in the market.

E-Bike Market Analysis

The global e-bike market ecosystem stakeholders include raw material providers, e-bike component manufacturers, and end users. Component suppliers play a crucial role in the E-Bike market's ecosystem by providing the essential materials, equipment, and technologies required to design, manufacture, and install E-Bike systems. These suppliers contribute to the E-Bike industry's overall growth, efficiency, and performance. A raw material supplier plays a crucial role in the manufacturing of e-bikes. China is a hub for the supply of raw materials and component suppliers in order to manufacture the e-bikes. China contributes more than 50% of the share in the overall production and supply of the raw materials and components required for the e-bike market. The major components required are batteries and a motor. These components are widely manufactured in China, Germany, Italy, Japan, and the United States.

E-Bike Market Overview

The major stakeholders in the global e-bike market ecosystem include raw material providers, component providers, and customers or end-users. The raw material provider is a crucial stakeholder in the ecosystem of the e-bike market. The major parts of the electric boat include plastic, steel, aluminum, wood, rubber, and among other parts. Component providers involve marine parts boat manufacturers, and charger providers. The key main end-users demanding electric boats are boat owners and boat rental service providers. The major raw material suppliers include Duffy Electric Boat Company, Evoy, RAND Boats, and other players.

The major e-bike market end users include hobbyists, trekking users, and the urban population. The growth is primarily attributed owing to government support and initiatives for the adoption of e-bikes in various countries. Also, rising investments by the key players in the market for the expansion of the e-bike manufacturing plant is driving the market growth. In April, 2023, EMotorad e-bike manufacturer planned to increase its production capacity of the e-bicycle in 2024. The company raised funding of more than US$ 30 million for this expansion with the aim of promoting green transportation.

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E-Bike Market: Strategic Insights

E-Bike Market

• 
  CAGR (2022 - 2030)

  13.4%
• Market Size 2022
  US$ 39,660.1 Million
• Market Size 2030
  US$ 1,08,604.6 Million

Market Dynamics

GROWTH DRIVERS

• Government Support to Lower Carbon Emissions Transportation

FUTURE TRENDS

• Development of E-Bikes Using Lightweight Material and Advanced Smart Systems

OPPORTUNITIES

• Rising Adoption of Connected E-Bikes Among Business and Government Sectors

Key Players

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

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Battery Type

• Lithium-Ion
• Lithium-Ion Polymer
• Lead Acid
• Nickel Metal Hydride

Motor Type

• Hub Motor
• Mid Motor

Class

• Class-I
• Class-II
• Class-III

Mode

• Pedal Assist Mode
• Throttle Mode

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E-Bike Market Drivers and Opportunities

Government Support to Lower Carbon Emissions Transportation

Government-led incentives and schemes are promoting the adoption of e-bikes across the globe. For example, the Government of India provides a subsidiary for e-bike users. Trek Bicycle Corporation, Derby Cycle AG, Fuji Ta Bicycle Co., Ltd., Accell Group N.V., Robert Bosch GmbH, and Giant Manufacturing are major manufacturers focusing on technology and advancements for properly functioning e-bike equipment. For instance, in August 2023, Robert Bosch GmbH launched Performance SX Motor for its latest e-bikes models. This motor is powerful, compact design, and highly revolutionized for the manufacturing of lightweight e-bikes.

Rising Adoption of Connected E-Bikes Among Business and Government Sectors

Increasing adoption and development of the e-bike models and e-bike sharing platforms among individuals around the globe is expected to create ample opportunity for market growth. Several companies are launching e-bike sharing platforms to avoid traffic congestion problems around the globe which is expected to create tremendous opportunities in the upcoming future.

E-Bike Market Report Segmentation Analysis

Key segments that contributed to the derivation of the e-bike market analysis are, battery type, motor type and class.

• Based on the battery type, the e-bike market is divided into lithium-ion, lithium-ion polymer, lead acid, and nickel metal hydride. The lithium-ion segment segment held the largest market share in 2022.
• Based on motor type, the e-bike market is divided into motors hub and mid-motor. The mid motor segment held a larger market share in 2022.
• Based on the class, the market is segmented into class I, class II, and class II. The class I segment held a larger market share in 2022.

E-Bike Market Share Analysis by Geography

The geographic scope of the e-bike market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The scope of the e-bike market report encompasses North America (the US, Canada, and Mexico), Europe (Russia, the UK, France, Germany, Italy, and the Rest of Europe), Asia Pacific (South Korea, India, Australia, Japan, China, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Argentina, Brazil, and the Rest of South & Central America). In terms of revenue, APAC dominated the e-bike market share in 2022. Europe is the second-largest contributor to the global e-bike market, followed by North America.

E-Bike Market Report Scope

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E-Bike Market News and Recent Developments

The e-bike market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the e-bike market are listed below:

• The Aventon Abound launched as a high-quality addition to the growing electric cargo bikes. The e-cargo bike is coupled with the 750-Watt rear-geared hub motor. (Source: Aventon Abound, Press Release, February 2023)
• eBikeGo, an India-based electric two-wheeler mobility company, launched an electric bicycle product named Transil e1. Transil brand eBikeGo aimed to produce effective, modern, and sustainable e-bikes for consumers. (Source: eBikeGo, Press Release, January 2023)

E-Bike Market Report Coverage and Deliverables

The “E-Bike Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• E-bike market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• E-bike market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• E-bike market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the e-bike market
• Detailed company profiles