Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market - Industry Trends and Forecast to 2030

Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) market, By Hub Motor Location (Mid Drive Hub Motor, Rear hub Motor, and Front Hub Motor), Component (Battery, Motor, Frame, Display, Tire, Throttle, Light and Reflector, and Others), Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid, and Others), Battery Power (Under 750W, 750W-1500W, and Above 1500W), Mode (Pedal Assist and Throttle), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle), and Class III (Speed Pedelec)), Type (City/Urban, Cruise, Mountain/Trekking Bikes, All-Terrain bikes, Cargo, Others), Application (Utility, Leisure, and Speed), Gender (Men, Women, and Unisex), Distribution Channel (Specialty Bicycle Retailers, Outdoor Specialty Store, Mass Merchants, Full-Line Sporting Goods Store, Others) - Industry Trends and Forecast to 2030.

Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market Analysis and Size

It's a well-known fact that cycling is highly beneficial for people's health; the concern for personal health safety has also increased during this pandemic. Individuals are adopting cycling as a part of their hobby and physical activity to increase their fitness. Electric bikes play an important role in fulfilling this purpose as the adoption of electric bikes is high among the higher age group population as it provides pedal assistance that makes the cyclist put in less effort while riding. This has also been a success in the tourism industry, as a cyclist can travel long distances without much effort. It has also made riding on tough terrains and elevated mountains easy. The electric bike (e-bike) can be easily used in congested traffic, saving the cyclist's time and money and developing a healthy lifestyle by adopting it.

Data Bridge Market Research analyses that the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is expected to reach a value of USD 2,790.87 million by 2030, at a CAGR of 11.3% during the forecast period. The Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.      

Market Definition

The material handling equipment facilitates the movement, storage, and control of products and materials throughout the warehousing, manufacturing, distribution, consumption, and disposal processes. These machines enable the fast movement of heavy material and large volumes of goods efficiently. The material handling equipment reduces the need for human intervention in industrial facilities by automating several processes. These generally include LLE, CTO, PNC, lift trucks, and port solutions. Material handling equipment is utilized in the manufacturing, packaging, shipping, and distribution industries, and it is divided into four categories: positioning equipment, transport equipment, unit load formation equipment, and storage equipment. The items and materials must be sorted in order, which is why a sortation conveyor system is one of the most effective pieces of equipment in the industry.

Japan, South Korea, New Zealand, and Australia 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

• HIGH TRAFFIC CONGESTION IN URBAN CITIES

The population is continuously increasing globally, and with that, the cities are getting highly populated, the boundaries are increasing, and the infrastructure is extending to a larger part covering the outer parts of cities too. With this growing population and increasing area, vehicles have also been on a hike. People prefer driving their cars and motorcycles to take public transport for their conveyance. This has led to high congestion of traffic jams in urban cities, especially during office hours.

• RISE IN DEMAND OF GREENER AND CLEANER MODE OF TRANSPORTATION

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

However, people have become more concerned about the environment and are urged to drive environment-friendly vehicles. This increasing need to save the environment from degrading by motor vehicles has led to the growth in the demand for Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) market.

OPPORTUNITY

• INITIATIVES BY COMPANIES FOR E-BIKE INFRASTRUCTURE

The world of cranes is changing; new age technology is shredding up the paper lift plans of old and replacing them with digital procedures generated in computer programmes. Material handling is the movement, protection, storage and control of materials and products throughout manufacturing, warehousing, distribution, consumption and disposal. As a process, material handling incorporates a wide range of manual, semi-automated and automated equipment and systems that support logistics and make the supply chain work. Material handling equipment serve the needs of various industries including retail, food industry, freight & logistics, construction, wood industry, paper industry, chemical industry and others.

RESTRAINT/CHALLENGE

• HIGH COSTS OF PURCHASE AND MAINTENANCE OF E-BIKES

Electric bikes are the easiest mode of conveyance as they offer the extra power of the motor whenever the cyclist needs extra effort to pull the cycle. They are highly economical when compared with vehicles running on fuel. However, the price seems quite high compared to traditional bicycles, both gear and non-gear cycles. The initial cost of an E-bike is high, limiting the market's growth.

Moreover, the maintenance is also high for the E-bikes, as the battery needs to be charged after regular use, and if there is an issue with the battery, a new battery would require. It also consists of a motor and a whole electrical system, which on any issue would require extra investment for maintenance. Moreover, this is associated with the extra cost of buying and the cost of maintenance, which act as a major restraint for the market.

• LIMITED DISTRIBUTION CHANNELS

Bicycles have been the most common mode of transportation starting from the younger age individual. These bicycles are available in retailers in most regions quite easily. However, the e-bike market needs to establish new strategies to penetrate deeper into the market and compete with pre-existing non-electric bicycles and other modes of transport.

The lack of distribution channels is the major drawback of the market's growth. The e-bike industry needs to enter into an e-commerce platform. In addition, e-bike manufacturers must focus on omni-channel for better sales of their vehicles. The days are long gone when the revenue increased with more retail shops opening. The companies need to focus on online platforms to distribute their E-bikes.

Post-COVID-19 Impact on Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market

The Covid-19 pandemic has had a mixed effect on the electric bike (e-bike) market in Japan. On one hand, the pandemic has led to an increase in demand for e-bikes as people have become more health-conscious and are avoiding public transportation. On the other hand, the pandemic has disrupted the supply chain and caused production delays, leading to shortages of e-bikes in some regions.

One trend that has emerged during the pandemic is the rise of e-bikes for delivery services. With the increased demand for online shopping and food delivery, there has been a surge in demand for e-bikes that are specifically designed for commercial use.

Another factor that has impacted the e-bike market in Japan is the government's push towards sustainable transportation. The government has set a target of achieving net-zero emissions by 2050 and is promoting the use of e-bikes as a way to reduce carbon emissions.

Overall, while the pandemic has caused some disruptions in the supply chain, the increasing demand for e-bikes and the government's support for sustainable transportation suggest that the e-bike market in Japan is poised for growth in the coming years. 

Recent Development

• In 2017 January, AIMA TECHNOLOGY CO., LTD announced the launch of its new base in Sichuan, China. The new base covered an area of about 15,000 square meters and was used to manufacture electric vehicles. The new base allowed the company to penetrate more into the southwest market.
• In 2021 April, ALTON Sports Co., Ltd reported about collaborating with Seoul City Government to supply bike-sharing services and supplies bikes to an e-bike-sharing platform operator. This has helped the company to enhance revenue growth for the company.

Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market Scope

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

HUB MOTOR LOCATION

• MID DRIVE HUB MOTOR
• REAR HUB MOTOR
• FRONT HUB MOTOR

On the basis of hub motor location, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into mid drive hub motor, rear hub motor, and front hub motor.

COMPONENT

• BATTERY
• MOTOR
• FRAME
• DISPLAY
• TIRE
• THROTTLE
• LIGHT AND REFLECTOR
• OTHERS

On the basis of component, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into battery, motor, frame, display, tire, throttle, light and reflector, and others.

BATTERY TYPE

• LITHIUM-ION
• LITHIUM-ION POLYMER
• NICKEL METAL HYDRIDE
• LEAD ACID
• SEALED LEAD ACID
• OTHERS

On the basis of battery type, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid, and others.

BATTERY POWER

• UNDER 750W
• 750W-1500W
• ABOVE 1500W

On the basis of battery power, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into under 750 W, and 750 W-1500W, and above 1500W.

MODE

• PEDAL ASSIST
• THROTTLE

On the basis of mode, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into pedal assist and throttle.

CLASS

• CLASS I (PEDAL ASSIST/PEDELEC)
• CLASS II (THROTTLE)
• CLASS III (SPEED PEDELEC)

On the basis of class, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into class I (pedal assist/pedelec), class II (throttle), and Class III (speed pedelec).          

TYPE

• CITY/URBAN
• CRUISE
• MOUNTAIN/TREKKING BIKES
• ALL-TERRAIN BIKES
• CARGO
• OTHERS

On the basis of type, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into city/urban, cruise, mountain/trekking bikes, all-terrain bikes, cargo, and others.

APPLICATION

• UTILITY
• LEISURE
• SPEED

On the basis of application, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into utility, leisure, and speed.

GENDER

• MEN
• WOMEN
• UNISEX

On the basis of gender, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into men, women, and unisex.

DISTRIBUTION CHANNEL

• SPECIALTY BICYCLE RETAILERS
• OUTDOOR SPECIALTY STORE
• MASS MERCHANTS
• FULL-LINE SPORTING GOODS STORE
• OTHERS

On the basis of distribution channel, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into specialty bicycle retailers, outdoor specialty store, mass merchants, full-line sporting goods store, and others.

Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market Country Analysis/Insights

Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is analysed, and market size insights and trends are provided by country, product as referenced above.  

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 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 their 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 region data.   

Competitive Landscape and Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market Share Analysis

Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market competitive landscape provide details by the competitor. 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, application dominance. The above data points provided are only related to the companies' focus related to Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market.

Some of the major players operating in the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market are 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, among others.