South Korea E Bike Market to 2032
Overview
The South Korea E Bike Market is expected to reach a 2,079.95 USD Billion by 2032 and is projected to grow at a CAGR of 18.26% from 2025 to 2032.
Revenue, 2024 (USD Billion)
935.43
Forecast, 2032 (USD Billion)
2,079.95
CAGR, 2024 - 2032
18.26%
Report Coverage
South Korea
South Korea E Bike Market 2018-2032 USD Billion
South Korea E Bike Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 935.43 USD Billion
- Projected Market Size (2032): 2,079.95 USD Billion
- CAGR (2025-2032): 18.26%
Key Findings of South Korea E Bike Market
- The South Korea E Bike Market was valued at 935.43 USD Billion in 2024.
- The South Korea E Bike Market is likely to grow at a CAGR of 18.26% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Pedal Assist in By Mode Segment accounted for the largest share of the market with a revenue of 728.72 USD Billion
- The fastest growing segment City/Urban in By Usage Segment grew Fastest with a CAGR of 20.14% during the forecast period from 2024 to 2032.
South Korea E Bike Market Scope
South Korea E Bike Market Segmentation & Scope
By Usage
- Others
- Cargo
- Racing
- Mountain/Trekking Bikes
- Cruise
- City/Urban
By Class
- Class III (Speed Pedelec)
- Class II (Throttle)
- Class I (Pedal Assist/Pedelec)
By Battery Power
- Over 750W
- Under 750W
By Mode
- Throttle
- Pedal Assist
By Hub Motor Location
- Front Hub Motor
- Rear Hub Motor
- Mid Drive Hub Motor
By Battery Type
- Others
- Sealed Lead Acid
- Lead Acid
- Nickel Metal Hydride
- Lithium-Ion Polymer
- Lithium-Ion
South Korea E Bike Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 935.43 USD Billion |
| Market Value in 2032 | 2,079.95 USD Billion |
| CAGR (2025-2032) | 18.26% |
| Historic Data | 2016-2023 |
| Market Segments Covered | By Usage,By Class,By Battery Power,By Mode,By Hub Motor Location,By Battery Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 935.43 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 935.43 USD Billion in 2024.
Segments and Scope
-
South Korea E Bike Market to 2032, By By Usage
- City/Urban is the largest segment in South Korea E Bike Market to 2032 with a revenue of 276.57 USD Billion in the year 2024.
- City/Urban is the Fastest growing segment in South Korea E Bike Market to 2032 with a Growth rate of 20.14 % in forecast period 2025-2032.
-
South Korea E Bike Market to 2032, By By Class
- Class I (Pedal Assist/Pedelec) is the largest segment in South Korea E Bike Market to 2032 with a revenue of 570.34 USD Billion in the year 2024.
- Class I (Pedal Assist/Pedelec) is the Fastest growing segment in South Korea E Bike Market to 2032 with a Growth rate of 19.09 % in forecast period 2025-2032.
-
South Korea E Bike Market to 2032, By By Battery Power
- Under 750W is the largest segment in South Korea E Bike Market to 2032 with a revenue of 691.24 USD Billion in the year 2024.
- Under 750W is the Fastest growing segment in South Korea E Bike Market to 2032 with a Growth rate of 19.21 % in forecast period 2025-2032.
-
South Korea E Bike Market to 2032, By By Mode
- Pedal Assist is the largest segment in South Korea E Bike Market to 2032 with a revenue of 728.72 USD Billion in the year 2024.
- Pedal Assist is the Fastest growing segment in South Korea E Bike Market to 2032 with a Growth rate of 18.78 % in forecast period 2025-2032.
-
South Korea E Bike Market to 2032, By By Hub Motor Location
- Mid Drive Hub Motor is the largest segment in South Korea E Bike Market to 2032 with a revenue of 627.82 USD Billion in the year 2024.
- Mid Drive Hub Motor is the Fastest growing segment in South Korea E Bike Market to 2032 with a Growth rate of 18.98 % in forecast period 2025-2032.
-
South Korea E Bike Market to 2032, By By Battery Type
- Lithium-Ion is the largest segment in South Korea E Bike Market to 2032 with a revenue of 369.49 USD Billion in the year 2024.
- Lithium-Ion Polymer is the Fastest growing segment in South Korea E Bike Market to 2032 with a Growth rate of 18.62 % in forecast period 2025-2032.
South Korea E Bike Market Company Share Analysis
| Company Name |
|
||
| Accell Group | |||
| Giant Bicycles | |||
| Jiangsu Xinri E-Vehicle Co., Ltd. | |||
| Specialized Bicycle Components, Inc. | |||
| Trek Bicycle Corporation | |||
South Korea E Bike Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea E Bike Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea E Bike Market is segmented based on Segmentation By Usage,By Class,By Battery Power,By Mode,By Hub Motor Location,By Battery Type.
South Korea E Bike Market was valued at USD 935.43(Revenue in USD Billion) in 2019.
South Korea E Bike Market is projected to grow at a CAGR of 18.26% during the forecast period of 2024 to 2032.
The Pedal Assist segment is expected to dominate the South Korea E Bike Market, holding a largest market share of 728.72 USD Billion in 2024
South Korea E Bike Market Scope
South Korea E Bike Market Segmentation & Scope
By Usage
- Others
- Cargo
- Racing
- Mountain/Trekking Bikes
- Cruise
- City/Urban
By Class
- Class III (Speed Pedelec)
- Class II (Throttle)
- Class I (Pedal Assist/Pedelec)
By Battery Power
- Over 750W
- Under 750W
By Mode
- Throttle
- Pedal Assist
By Hub Motor Location
- Front Hub Motor
- Rear Hub Motor
- Mid Drive Hub Motor
By Battery Type
- Others
- Sealed Lead Acid
- Lead Acid
- Nickel Metal Hydride
- Lithium-Ion Polymer
- Lithium-Ion
Frequently Asked Questions
The South Korea E Bike Market is segmented based on Segmentation By Usage,By Class,By Battery Power,By Mode,By Hub Motor Location,By Battery Type.
South Korea E Bike Market was valued at USD 935.43(Revenue in USD Billion) in 2019.
South Korea E Bike Market is projected to grow at a CAGR of 18.26% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea E Bike Market for final year is USD 2,079.95 (USD Billion).
South Korea E Bike Market Company Profiling
Frequently Asked Questions
The South Korea E Bike Market is segmented based on Segmentation By Usage,By Class,By Battery Power,By Mode,By Hub Motor Location,By Battery Type.
South Korea E Bike Market was valued at USD 935.43(Revenue in USD Billion) in 2019.
South Korea E Bike Market is projected to grow at a CAGR of 18.26% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea E Bike Market for final year is USD 2,079.95 (USD Billion).
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