High Traffic Congestion in Urban Cities Drives the Demand for Japan, South Korea, New Zealand, and Australia Electric Bike (E-Bike) Market

Data Bridge Market Research analyses that the Japan Electric Bike (E-Bike) Market is expected to grow at a CAGR of 11.3% from 2023 to 2030 and is expected to reach USD 2,790.87 million by 2030. High benefits offered by process safety solutions and services propel market growth.

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Data Bridge Market Research analyses that the South Korea Electric Bike (E-Bike) Market is expected to grow at a CAGR of 10.8% from 2023 to 2030 and is expected to reach USD 2,147.49 million by 2030. High benefits offered by process safety solutions and services propel market growth.

Data Bridge Market Research analyses that the New Zealand Electric Bike (E-Bike) Market is expected to grow at a CAGR of 9.5% from 2023 to 2030 and is expected to reach USD 500.57 million by 2030. High benefits offered by process safety solutions and services propel market growth.

Data Bridge Market Research analyses that the Australia Electric Bike (E-Bike) Market is expected to grow at a CAGR of 10.1% from 2023 to 2030 and is expected to reach USD 1,340.61 million by 2030. High benefits offered by process safety solutions and services propel market growth.

Electric bikes (e-bike) s are similar to the conventional bicycles but are integrated with an addition of motor which is powered by the battery system. The motor assists the bike with extra power while pedalling saving the energy of the cyclist and enabling to travel for longer distance, rough terrains and elevated mountains. The type of electric bike (e-bike) is generally categorized on the method which used to provide extra power to the cyclist. Lithium ion batteries are more prominently used to provide the electrical energy to the motor for its power. These bikes are designed in order to fulfil varied purposes of the cyclist, bikes such as mountain bikes, cargo, cruiser, racing and others are available in the market depending upon the usage of that bike.

Key Findings of the Study

• RISE IN DEMAND FOR GREENER AND CLEANER MODES OF TRANSPORTATION

Motor vehicles have eased the mode of transportation, individuals can more easily and quickly travel to their desired location. Cars and motorbikes are the most commonly used mode of transportation which is used on a daily basis by most of the households for commuting purposes, however these motor vehicles lead to formation of harmful emissions and increases the carbon footprint. This has caused adverse effects on the environment causing global warming and depletion of ozone layer.

Report Scope and Market Segmentation

Segment Analysis:

The Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into ten notable segments, which are based on the basis of hub motor location, component, battery type, battery power, mode, class, type, application, gender, and distribution channel.

• In 2023, the mid drive hub motor of hub motor location segment is anticipated to dominate the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market.

In 2023, the hub motor technology segment is expected to dominate the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market as it is the most suited design for pedelec electric bike (e-bike) and pedal assisted electric bike (e-bike) which are widely consumed worldwide. Also, due to its better weight distribution, mid drive hub motor based electric bike (e-bike) are preferred.

• In 2023, the battery segment of component segment is anticipated to dominate the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market.

In 2023, the battery segment is expected to dominate the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market with the largest market share because it is responsible for providing power to the motor that propels the bike. Without a battery, an e-bike would simply be a regular bike. As e-bikes rely heavily on the battery, it's important to choose a high-quality battery that is compatible with the bike's motor and electronics. The battery’s is also one of the most costly component in an e-bike.

• In 2023, mid drive hub motor is expected to dominate the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market with a 62.49% share.

Japan, Korea, New Zealand, and Australia electric bike (E-BIKE) market is segmented into ten notable segments which are based on the basis of hub motor location, component, battery type, battery power, mode, class, type, application, gender, and distribution channel. 

• On the basis of hub motor location, the electric bike (e-bike) market is segmented into mid drive hub motor, rear hub motor, and front hub motor. In 2023, mid drive hub motor is expected to dominate Japan electric bike (E-Bike) market with the largest market share of 62.49%. In 2023, mid drive hub motor is expected to dominate South Korea electric bike (E-Bike) market with the largest market share of 63.75%. In 2023, mid drive hub motor is expected to dominate Australia electric bike (E-Bike) market with the largest market share of 65.00%. In 2023, mid drive hub motor is expected to dominate New Zealand electric bike (E-Bike) market with the largest market share of 65.81% and is expected to reach USD 334.71 million by 2030 with the CAGR of 9.7% in the forecast period of 2023 to 2030.
• On the basis of component, the electric bike (e-bike) market is segmented into battery, motor, frame, display, tire, throttle, light and reflector, and others. In 2023, the battery Segment is expected to dominate Japan electric bike (E-Bike) market with the largest market share of 23.88%. In 2023, the battery Segment is expected to dominate South Korea electric bike (E-Bike) market with the largest market share of 24.43%. In 2023, the battery Segment is expected to dominate Australia electric bike (E-Bike) market with the largest market share of 24.65%. In 2023, the battery Segment is expected to dominate New Zealand electric bike (E-Bike) market with the largest market share of 22.56%.
• On the basis of battery type, the electric bike (e-bike) market is segmented into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid, and others. In 2023, lithium-ion is expected to dominate Japan electric bike (E-Bike) market with the largest market share of 38.69%. In 2023, lithium-ion is expected to dominate South Korea electric bike (E-Bike) market with the largest market share of 41.92%. In 2023, lithium-ion is expected to dominate Australia electric bike (E-Bike) market with the largest market share of 44.78%. In 2023, lithium-ion is expected to dominate New Zealand electric bike (E-Bike) market with the largest market share of 47.11%.
• On the basis of battery power, the electric bike (e-bike) market is segmented into under 750 W, and 750 W-1500W, and above 1500W. In 2023, under 750W is expected to dominate Japan electric bike (E-Bike) market with the largest market share of 62.33%. In 2023, under 750W is expected to dominate South Korea electric bike (E-Bike) market with the largest market share of 63.59%. In 2023, under 750W is expected to dominate Australia electric bike (E-Bike) market with the largest market share of 64.83%. In 2023, under 750W is expected to dominate New Zealand electric bike (E-Bike) market with the largest market share of 65.68%.
• On the basis of mode, the electric bike (e-bike) market is segmented into pedal assist, and throttle. In 2023, pedal assist is expected to dominate Japan electric bike (E-Bike) market with the largest market share of 75.17%. In 2023, pedal assist is expected to dominate South Korea electric bike (E-Bike) market with the largest market share of 75.73%. In 2023, pedal assist is expected to dominate Australia electric bike (E-Bike) market with the largest market share of 76.42%. In 2023, pedal assist is expected to dominate New Zealand electric bike (E-Bike) market with the largest market share of 76.76%.
• On the basis of class, the electric bike (e-bike) market is segmented into class I (pedal assist/pedelec), class II (throttle), and Class III (speed pedelec). In 2023, class I (pedal assist/pedelec) segment is expected to dominate the Japan electric bike (e-bike) market with the largest market share of 60.75%. In 2023, class I (pedal assist/pedelec) segment is expected to dominate the South Korea electric bike (e-bike) market with the largest market share of 62.07%. In 2023, class I (pedal assist/pedelec) segment is expected to dominate the Australia electric bike (e-bike) market with the largest market share of 63.26%. In 2023, class I (pedal assist/pedelec) segment is expected to dominate the New Zealand electric bike (e-bike) market with the largest market share of 64.15%.
• On the basis of type, the electric bike (e-bike) market is segmented into city/urban, cruise, mountain/trekking bikes, all-terrain bikes, cargo, and others. All the above segments are further segment on the basis of type in belt and non-belt. In 2023, city/urban segment is expected to dominate the Japan electric bike (e-bike) market with the largest market share of 29.80%. In 2023, city/urban segment is expected to dominate the South Korea electric bike (e-bike) market with the largest market share of 33.01%. In 2023, city/urban segment is expected to dominate the Australia electric bike (e-bike) market with the largest market share of 36.03%. In 2023, city/urban segment is expected to dominate the New Zealand electric bike (e-bike) market with the largest market share of 38.17%.
• On the basis of application, the electric bike (e-bike) market is segmented into utility, leisure, and speed. In 2023, utility segment is expected to dominate the Japan electric bike (e-bike) market with the largest market share of 49.50%. In 2023, utility segment is expected to dominate the South Korea electric bike (e-bike) market with the largest market share of 50.72%. In 2023, utility segment is expected to dominate the Australia electric bike (e-bike) market with the largest market share of 51.98%. In 2023, utility segment is expected to dominate the New Zealand electric bike (e-bike) market with the largest market share of 52.80%.
• On the basis of gender, the electric bike (e-bike) market is segmented into men, women, and unisex. In 2023, men segment is expected to dominate the Japan electric bike (e-bike) market with the largest market share of 47.04% and is expected to reach. In 2023, men segment is expected to dominate the South Korea electric bike (e-bike) market with the largest market share of 48.24%. In 2023, men segment is expected to dominate the Australia electric bike (e-bike) market with the largest market share of 49.52%. In 2023, men segment is expected to dominate the New Zealand electric bike (e-bike) market with the largest market share of 50.22%.
• On the basis of distribution channel, the electric bike (e-bike) market is segmented into speciality bicycle retailers, outdoor speciality store, mass merchantsm full-line sporting goods store, and others. In 2023, speciality bicycle retailers segment is expected to dominate the Japan electric bike (e-bike) market with the largest market share of 33.21%. In 2023, speciality bicycle retailers segment is expected to dominate the South Korea electric bike (e-bike) market with the largest market share of 35.69%. In 2023, speciality bicycle retailers segment is expected to dominate the Australia electric bike (e-bike) market with the largest market share of 38.21%. In 2023, speciality bicycle retailers segment is expected to dominate the New Zealand electric bike (e-bike) market with the largest market share of 39.81%.

Major Players

Data Bridge Market Research recognizes the following companies as major Japan, Korea, New Zealand, and Australia electric bike (E-Bike) market these Bridgestone Cycle Co,. LTD., Panasonic Holdings Corporation, Specialized Bicycle Components, Inc., Giant Bicycles, Aima Technology Group Co., Ltd., Trek Bicycle Corporation, Karbon Kinetics Ltd., Ningbo Lvkang Vehicle Co.,Ltd.  , SHIMANO INC., Robert Bosch GmbH, ALTON Sports Co., Ltd, Yamaha Motor Co., Ltd., TEBCO ELECTRIC BICYCLE COMPANY, smartmotion bikes, CUBE, Hikobike, Cleverley, Dyson Bikes, Electra Bicycle Company, REEF Bikes, Leitner Electric Bikes Australia among others.

Market Developments

• In June 2020, Giant Bicycles announced the launch of anthem advanced pro 29 world champion edition frameset. The new frameset is made of advanced composite material offering lightweight structure and XC race geometry with 29er speed and stability. The new product increased the product portfolio of the company.
• In January 2017, AIMA TECHNOLOGY CO., LTD announced the launch of its new base in Sichuan, China. The new base covers an area of about 15,000 square meters and was used for the manufacturing of electric vehicles. The new base allowed the company to penetrate more into the southwest market.
• In March 2020, Gocycle a brand of Karbon Kinetics Ltd joined hands with FULLY CHARGED, a company specialized in e-bikes. The partnership will provide e-bikes to the NHS staff in London’s hospital. The new partnership will increase the customer base of the company.
• In March 2022, CUBE Stereo Hybrid 140 HPC SL has been recognized among one of the best mountain bike available in market. The product is well build up with best borsch smart system including high power battery. This recognition will help the company to increase their bike sale across globe.
• In September 2021, Leitner Electric Bikes Australia has won award twice for their successful electric bike launch. The products being offered by the company is unique and well technology equipped. This help the company to increase the sale of bikes globally and help to improve the brand image of the company.

Regional Analysis

Geographically, the countries covered in the Japan, South Korea, New Zealand, and Australia electric bike (E-BIKE) market report are Japan, South Korea, New Zealand, and Australia electric bike (E-BIKE) market.

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