Asia-Pacific Electric Bike (E-Bike) Market – Industry Trends and Forecast to 2030

Asia-Pacific Electric Bike (E-Bike) Market, By Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid and Others), Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor and Front Hub Motor), Mode (Pedal Assist and Throttle), Battery Power (Under 750 W and Over 750 W), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle) and Class III (Speed Pedelec)), Usage (City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo and Others) - Industry Trends and Forecast to 2030.

Asia-Pacific Electric Bike (E-Bike) Market Analysis and Size

Consumers are considering electronic bikes as an ideal substitute for smart cars, public transport and scooters from last recent years. These bikes are highly beneficial in tackling traffic congestion as these bikes are smaller in size and attain higher speed. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Data Bridge Market Research analyses that the Asia-Pacific electric bike (E-Bike) market which was USD 13,800 million in 2022, is expected to reach USD 40659.51 million by 2030, and is expected to undergo a CAGR of 9.34% during the forecast period of 2023 to 2030. “Lithium Ion” dominates the battery type segment of the Asia-Pacific electric bike (E-Bike) market due to Lithium-ion batteries offer a higher energy density compared to other battery chemistries commonly used in e-bikes. This means they can store more energy in a smaller and lighter package, which results in longer riding ranges. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the 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.

Asia-Pacific Electric Bike (E-Bike) Market Scope and Segmentation

Market Definition

Electric bike refers to a bicycle that possesses battery and integrated electric motor drive mechanism. The components produce power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to more powerful e-bikes that produce power to drive the bike using throttle.

Asia-Pacific Electric Bike (E-Bike) Market Dynamics

Drivers

• Rising Urbanization and Congestion

Rapid urbanization in many Asia-Pacific countries has led to increased traffic congestion and pollution. E-Bikes offer a convenient and eco-friendly alternative for urban commuters, making them a popular choice for short-distance travel.

• Increasing of Environmental Concerns

Growing environmental awareness has prompted individuals and governments to seek cleaner transportation options. E-Bikes produce fewer emissions compared to traditional gasoline-powered vehicles, aligning with sustainability goals.

• Upsurge in Infrastructure Development

Investments in bicycle lanes, charging stations, and e-bike sharing programs have improved the overall e-bike infrastructure in several Asia-Pacific cities. This infrastructure development has made e-bikes more accessible and convenient for users.

Opportunity

• Growing of the Tourism and Leisure

Asia-Pacific is a popular tourist destination with diverse landscapes and cultures. E-Bikes can be marketed to tourists for exploring scenic locations, historical sites, and cultural experiences. Rental services and guided tours using e-bikes can thrive in this market.

Restraints/Challenges

• Regulatory Hurdles in the Market

In some countries, e-bikes may face regulatory restrictions, such as speed limits, power output limits, or licensing requirements. Adhering to and navigating these regulations can be a challenge for both manufacturers and consumers.

• Safety Concerns Related to E-bike

Safety remains a critical concern, particularly in regions with dense traffic and less developed cycling infrastructure. Accidents involving e-bikes, especially when ridden at higher speeds, can raise safety issues and impact consumer confidence.

This Asia-Pacific electric bike (E-Bike) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Asia-Pacific electric bike (E-Bike) market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In December 2022, Lime announced the launch of a new pay-as-you-go electric bike hire scheme in Derby, scheduled for Spring 2023. The scheme, featuring Lime's latest Gen4 e-bike model, aimed to introduce 550 e-bikes in total, with an initial rollout of 150 bikes across key locations. These e-bikes, provided at no cost to the Council, aimed to offer citizens affordable and eco-friendly transportation options while reducing pollution and congestion. Additionally, Lime planned to reinvest funding from the Department for Transport (DfT) to support local cycle infrastructure. The e-bikes would be available through the Lime app, costing £1 to unlock and 17p per minute, with discounts available through minute bundles and Lime's Access program for lower-income residents
• 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

Asia-Pacific Electric Bike (E-Bike) Market Scope

The Asia-Pacific electric bike (E-Bike) market is segmented on the basis of battery type, hub motor location, mode, battery power, class and usage. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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 750 W
• Over 750 W

Class

• Class I (Pedal Assist/Pedelec)
• Class II (Throttle)
• Class III (Speed Pedelec)

Usage

• City/Urban
• Cruise
• Mountain/Trekking Bikes
• Racing
• Cargo
• Others

Asia-Pacific Electric Bike (E-Bike) Market Country Analysis/Insights

The Asia-Pacific electric bike (E-Bike) market is analysed and market size insights and trends are provided by country, battery type, hub motor location, mode, battery power, class and usage, as referenced above.

The country covered in the Asia-Pacific electric bike (E-Bike) Market report is China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and the Rest of Asia-Pacific

China is dominating the electric bike (e-bike) market in Asia-Pacific region due to the presence of high number of e-bike manufacturers in the region. Also, countries such as China and Japan are major exporters of e-bikes worldwide with low manufacturing costs.

India is the fast growing country in Asia-Pacific electric bike (E-Bike) market due to the Indian government has been promoting the adoption of electric vehicles, including electric bikes. It has introduced a number of incentives, such as subsidies, tax breaks, and preferential parking, to make electric vehicles more affordable and attractive to consumers.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Asia-Pacific Electric Bike (E-Bike) Market Share Analysis

The Asia-Pacific electric bike (E-Bike) market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Asia-Pacific electric bike (E-Bike) market.

Some of the major players operating in the Asia-Pacific electric bike (E-Bike) market are:

• Accell Group (Netherlands)
• Derby Cycle (Germany)
• JIANGSU XINRI E-VEHICLE CO.,LTD. (China)
• Karbon Kinetics Ltd (U.K.)
• ITALJET SPA (Italy)
• Riese & Müller GmbH (Germany)
• M1-Sporttechnik (Germany)
• F.I.V. E. Bianchi S.p.A. (Italy)
• Kawasaki Motors Corp., U.S.A. (U.S.)
• WUXI YADEA EXPORT-IMPORT CO.,LTD. (China)
• Giant Bicycles (Taiwan)
• Trek Bicycle Corporation (U.S.)
• myStromer AG (Switzerland)
• Specialized Bicycle Components, Inc. (U.S.)