Rising Adoption Rate of Shared Micro-Mobility Drive the Demand for E-Bike Market

 

The increased adoption of shared micro-mobility will accelerate the growth rate of the electric bike (e-bike) market. Shared micro-mobility is a component of the public transportation ecosystem. As a flexible transportation option with low operating costs and overhead, shared electric micro-mobility can supplement higher-volume fixed-route transit systems by providing mobility services for multiple journeys at a lower per-traveler cost.

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Data Bridge Market Research analyses that the E-bike market is expected to grow at a CAGR of 9.8% in the forecast period of 2020 to 2027 and is expected to reach USD 23,503.51 million by 2027.

E-Bike Market

Growing environment concerns is expected to drive the market's growth rate

Various governments around the world are supporting safer and cleaner modes of transportation in order to create a better and greener environment. The government in response have passed legislation encouraging and rewarding frequent e-bike riders. Furthermore, rapid urbanization and disposable income will drive market value growth. Also the increased government support and initiatives to increase e-bike sales will cushion the market's growth rate.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2027

Base Year

2019

Historic Years

2018 (Customizable to 2012 - 2017)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid, Others), Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor, Front Hub Motor), Mode (Pedal Assist, Throttle), Battery Power (Under 750W, Over 750W), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle), Class III (Speed Pedelec)), Usage (City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo, and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Accell Group (Netherlands), Derby Cycle (Germany), JIANGSU XINRI E-VEHICLE CO.,LTD. (China), AIMA TECHNOLOGY CO.,LTD (China), Karbon Kinetics Ltd (U.K.), Solex Cycle North America Inc. (Canada), ITALJET SPA (Italy), GenZe by Mahindra (a subsidiary of Mahindra & Mahindra Ltd.) (U.S.), A2B (London), Amego Electric Vehicles Inc. (Canada), Pedego Electric Bikes (U.S.), Riese & Müller GmbH (Germany), F.I.V. E. Bianchi S.p.A. (Italy), Kawasaki Motors Corp. (U.S.), Giant Bicycles (Taiwan)

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis:

Global e-bike market is segmented into six notable segments which are based on the basis of battery type, hub motor location, mode, battery power, class and usage.

  • On the basis of battery type, the e-bike market is segmented into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid, and others. In 2020, lithium-ion segment is expected to dominate the global e-bike market with 39.20% market share due to the polymer segment is growing at higher rate as it is an advanced version of lithium-ion batteries with better durability.
  • On the basis of hub motor location, the e-bike market is segmented into mid drive hub motor, rear hub motor, and front hub motor.

In 2020, mid drive hub motor segment is expected to dominate the global E-bike market

Mid drive hub motor segment is expected to dominate the global e-bike market with 66.20% market share due to its better weight distribution, mid drive hub motor based e-bikes are preferred.

  • On the basis of mode, the e-bike market is segmented into pedal assist, and throttle. In 2020, pedal assist segment is expected to dominate the global e-bike market with 77.26% market share due to the consumers as it gives features of cycling as well electric assistance for longer cruise, hence pedal assist dominates the mode segment.  
  • On the basis of battery power, the e-bike market is segmented into under 750 W, and over 750 W. In 2020, under 750 W segment is expected to dominate the global e-bike market with 72.69% market share due to regulations from various governments help under 750 W batteries to dominate the segment. 
  • On the basis of class, the e-bike market is segmented into class I (pedal assist/pedelec), class II (throttle), and class III (speed pedelec). In 2020, class I (pedal assist/pedelec) segment is expected to dominate the global e-bike market with 60.24% market share due to the e-bikes which are widely favored by health conscious people over full throttle e-bikes.
  • On the basis of usage, the e-bike market is segmented into city/urban, cruise, mountain/trekking bikes, racing, cargo, and others.

In 2020, city/urban segment is expected to dominate the global E-bike market with 28.48% market

City/urban segment is expected to dominate the global e-bike market with 28.48% market share due to cost effective and eco-friendly commuting for short distances, for instance, commuting to workplace or office.

Major Players

Data Bridge Market Research recognizes the following companies as the major E-bike market players in E-bike market are Accell Group (Netherlands), Derby Cycle (Germany), JIANGSU XINRI E-VEHICLE CO.,LTD. (China), AIMA TECHNOLOGY CO.,LTD (China), Karbon Kinetics Ltd (U.K.), Solex Cycle North America Inc. (Canada), ITALJET SPA (Italy), GenZe by Mahindra (a subsidiary of Mahindra & Mahindra Ltd.) (U.S.), A2B (London), Amego Electric Vehicles Inc. (Canada), Pedego Electric Bikes (U.S.), Riese & Müller GmbH (Germany), F.I.V. E. Bianchi S.p.A. (Italy), Kawasaki Motors Corp. (U.S.), Giant Bicycles (Taiwan)

E-Bike Market

Market Development

  • In March 2021, Cannondale announced the launch of the Adventure Neo range of commuter e-bikes. The Adventure Neo comes in four models: an alloy frame, step-through construction, and a Bosch driving system with a battery capacity ranging from 400 to 625Wh.
  • In February 2019, GenZe announced the launch of its new advanced product, the GenZe 200 series. The new e-bike comes in the new black colour with a removable battery giving the capability to charge and remove the battery wherever possible. The new product improved the customer base of the company.
  • In February 2019, Amego Electric Vehicles Inc. joined hands with Gazelle, a European cycle brand. The new partnership allowed Amego company to sell the e-bikes of Gazelle in North America.

Regional Analysis

Geographically, the countries covered in the E-bike market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

As per Data Bridge Market Research analysis:

North America is the dominant region in E-bike market during the forecast period 2020 - 2027

In 2019, North America dominated the E-bike market due to the strict standards for vehicle emissions and increasingly practicing social distancing due to COVID-19 in this region.

Asia-Pacific is estimated to be the fastest-growing region in E-bike market the forecast period 2020 - 2027

Asia-Pacific is expected to grow during the forecast period due to the introduction of advanced technologies in this region. Additionally, the presence of major key players will further propel the market's growth rate in this region.

COVID-19 Impact Analysis

In March of 2020, COVID-19 made its global debut, because it was a disease that only hospitalized a small percentage of those who got it and killed less than 1% of those who died, governments all over the world chose to try to keep it from spreading. The production of e-bikes has decreased, due to the COVID-19 pandemic outbreak. Many e-bike manufacturers were harmed because they couldn't get certain raw materials as easily as before. Higher manufacturing costs were passed on to consumers as higher retail prices.

People are becoming more interested in purchasing their mode of transportation due to the pandemic and the possibility of contamination while traveling by public transport services.

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