Global Electric Bike (E-Bike) Market – Industry Trends and Forecast to 2029

Global Electric Bike (E-Bike) Market, By 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) – Industry Trends and Forecast to 2029.

Global Electric Bike (E-Bike) Market Analysis and Size

The global pandemic of COVID-19 has sparked a surge in interest in zero-emission forms of transportation to reduce urban pollution. In the electric vehicle business, electric bikes have had a significant impact. The popularity of electric bikes is due to automotive manufacturers' ongoing efforts to make the bikes less bulky, expand battery range, and improve overall engine performance. OEMs are taking advantage of these consumer offers to enter into profitable markets for electric bikes. 

• Data Bridge Market Research analyses that the electric bike (e-bike) market was valued at USD 47 billion in 2021 and is expected to reach USD 102.97 billion by 2029, registering a CAGR of 10.30% during the forecast period of 2022 to 2029.

Global Electric Bike (E-Bike) Market Definition

A bicycle having an integrated electric motor drive mechanism and battery that generates electricity for causing or assisting propulsion is known as an electric bike. Electric bikes with a tiny motor to help the rider pedal force to more powerful e-bikes that create enough power to totally operate the bike using throttle are available globally.

Report Scope and Market Segmentation

Electric Bike (E-Bike) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• The rising adoption rate of shared micro-mobility.

The upsurge in adoption rate of shared micro-mobility will propel the growth rate of electric bike (e-bike) market. Shared micro mobility is part of the public transportation ecology. As a flexible transportation option with low operating costs and overhead, shared electric micro-mobility can augment higher-volume fixed-route transit systems by providing mobility services for multiple journeys at a lower per-traveller cost.

• Strict government rules and regulations

More and more governments throughout the world are fostering the growth of the e-bike market by circumventing tough automobile emissions standards. The goal is to clean the air by minimizing the number of harmful particles emitted by cars.

• Growing environment concerns

In order to create a better and greener environment, various governments around the world are supporting safer and cleaner modes of transportation. Many governments have responded by enacting legislation that encourages and rewards frequent e-bike riders.

Furthermore, rising urbanization and increasing level of disposable income will drive market value growth. Also, increasing government support and initiatives to increase the sale of e-bike will cushion the growth rate of electric bike (e-bike) market.

Opportunities

• Emerging trend of connected e-bike

The surging trend of connected e-bike will boost new market opportunities for the market's growth rate. Technological breakthroughs in the field of e-bikes have been made in response to the increased demand for e-bikes. Connected e-bike is an illustration of technological advancement. It uses SIM module to send as well as receive data to and from the cloud without the use of smartphone.

Moreover, the development of lightweight electrical energy storage systems and emerging new markets will influence the market's growth rate and further boost beneficial opportunities in coming years.

Restraints

• The dearth of infrastructure

In rising countries, including India and Taiwan, there is currently a shortage of infrastructure, such as bike routes and bike lanes, which might be regarded a constraint for the e-bike market. 

On the other hand, high cost associated with e-bike and technical limitations will hinder the electric bike (e-bike) market growth rate. International trade policies and regulations will pose a major challenge for the market's growth rate.   

This electric bike (e-bike) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 electric bike (e-bike) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Electric Bike (E-Bike) Market

In March of 2020, COVID-19 made its global debut. Because it was a disease that only hospitalized a small fraction of those who contracted it and killed less than 1% of those who died, governments all over the world chose to try to limit spread. The manufacture of e-bikes has decreased due to the COVID-19 pandemic outbreak and subsequent lockdowns (with all the limitations that came with it). Many e-bike producers were harmed since they couldn't get certain of their raw materials as easily as before. Higher manufacturing expenses were passed on to consumers in the form of higher retail pricing.

On the other hand, the market is gathering up speed as life gradually returns to normal. People are becoming more interested in purchasing their own mode of transportation as a result of the pandemic and the possibility of contamination while travelling by public transport services.

Recent Development

• In March 2021, Cannondale had announced the launch of Adventure Neo range of commuter e-bikes. There are four variants in the Adventure Neo range, each with an alloy frame, step-through construction, and Bosch driving system with a battery ranging from 400 to 625Wh.

Global Electric Bike (E-Bike) Market Scope

The 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 analyze 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

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.

Hub Motor Location

• Mid Drive Hub Motor
• Rear Hub Motor
• Front Hub Motor

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.

Mode

• Pedal Assist
• Throttle

On the basis of mode, the electric bike (e-bike) market is segmented into pedal assist, and throttle.

Battery Power

• Under 750W
• Over 750W

On the basis of battery power, the electric bike (e-bike) market is segmented into under 750 W, and over 750 W.

Class

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

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).

Usage

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

On the basis of usage, the electric bike (e-bike) market is segmented into city/urban, cruise, mountain/trekking bikes, racing, cargo, and others.

Electric Bike (E-Bike) Market Regional Analysis/Insights

The 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 countries covered in the electric bike (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.

Asia-Pacific dominates the electric bike (e-bike) market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the introduction of advanced technologies in this region. Additionally, the presence of major key players will further propel themarket's growth rate in this region.

Europe on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the strict standards for vehicle emission and increasingly practicing social distancing due to COVID-19 in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream 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 global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

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

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

Some of the major players operating in the electric bike (e-bike) market:

• Accell Group (Netherlands)
• Merida Industry Co., Ltd. (Taiwan)
• Giant Bicycles (Taiwan)
• Yamaha Motor Corporation (Japan)
• Derby Cycle (Germany)
• JIANGSU XINRI E-VEHICLE CO.,LTD. (China)
• AIMA TECHNOLOGY CO.,LTD (China)
• Karbon Kinetics Ltd (UK)
• Solex Cycle North America Inc. (Canada)
• ITALJET SPA (Italy)
• GenZe (US)
• A2B (London)
• Amego Electric Vehicles Inc. (Canada)
• Pedego Electric Bikes (US)
• Riese & Müller GmbH (Germany)
• Sporttechnik GmbH & Co. KG (Germany)
• F.I.V. E. Bianchi S.p.A. (Italy)
• Kawasaki Motors Corp. (USA)
• Trek Bicycle Corporation (US)
• myStromer AG (Switzerland)
• Specialized Bicycle Components, Inc. (US)     

Research Methodology : Global Electric Bike (E-Bike) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.

To know more about the research methodology, drop in an inquiry to speak to our industry experts 

https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-e-bike-market