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 | No. of Pages: 165 | Category: Automotive and Transportation | Status: Published
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
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Strategic Insights
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 SEGMENTATION
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.
Frequently Asked Questions
The List of Companies - E-bike Market
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global E-bike market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global E-bike market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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