E Bike Market
E-Bike Market Forecasts to 2030 - Global Analysis By Product Type (Pedal Assist, Throttle-Controlled, Speed Pedelecs, Cargo, Mountain, Folding and Other Product Types), Battery Type, Motor Type, Mode, Application, End User and By Geography
According to Stratistics MRC, the Global E-Bike Market is accounted for $48.7 billion in 2024 and is expected to reach $79.8 billion by 2030 growing at a CAGR of 8.6% during the forecast period. An e-bike, short for electric bicycle, integrates an electric motor to assist propulsion, often activated through pedaling or a throttle. These bikes blend traditional cycling with modern technology, offering varying levels of motorized support to enhance speed and ease of riding. E-bikes commonly feature rechargeable batteries and can be categorized into pedal-assist and throttle-operated models, catering to commuters, recreational cyclists, and urban dwellers seeking eco-friendly transportation alternatives with reduced environmental impact and increased accessibility.
According to the Light Electric Vehicle Association (LEVA), the imports of e-bikes increased to 450,000 Units in 2020 and 790,000 in 2021, an increase of around 76% & 80%, respectively, compared to the pre-pandemic demand of 250,000 units in 2019.
Market Dynamics:
Driver:
Rising demand for micro-mobility services
The market is experiencing a surge in demand driven by increasing interest in micro-mobility services. The rise is fueled by growing environmental awareness, urban congestion issues, and the desire for healthier commuting options. Companies are innovating with lightweight designs, enhanced battery life, and smart connectivity features to cater to this expanding market segment. As cities embrace sustainable mobility solutions, the market continues to grow as a pivotal player in urban transportation ecosystems.
Restraint:
Lack of infrastructure
One of the major issues facing the market is the absence of sufficient infrastructure to enable broad adoption. This includes insufficient charging stations, limited dedicated bike lanes, and inconsistent regulatory frameworks across regions. These factors hinder consumer confidence and convenience, impacting market growth. Addressing these infrastructure gaps requires collaboration between government bodies, urban planners, and private stakeholders to build robust charging networks and establish supportive policies that encourage e-bike usage.
Opportunity:
Increasing focus on environmental sustainability
With growing concerns over carbon emissions and urban congestion, electric bicycles offer a cleaner and more efficient mode of transportation. Manufacturers are increasingly integrating eco-friendly materials and technologies into their designs, aiming to reduce environmental impact. Governments and regulatory bodies are also incentivizing adoption through subsidies and infrastructure development, fostering a greener future for urban mobility.
Threat:
Varied government regulations
In the rapidly growing market, diverse government regulations present significant challenges. These include varying classifications of e-bikes across different regions, fluctuating licensing requirements for riders, and evolving safety standards for battery technologies. Product design and distribution methods in this industry are impacted by the need to develop and implement compliance tactics specific to each nation in order to navigate various regulatory landscapes.
Covid-19 Impact:
The COVID-19 pandemic significantly boosted the E-Bike market as it spurred interest in eco-friendly and socially distanced commuting options. With restrictions on public transport and a growing emphasis on personal mobility, sales surged globally. Consumers sought safer alternatives, leading to increased adoption of electric bikes for leisure and daily commuting. Supply chain disruptions initially impacted production, but manufacturers adapted swiftly, leveraging online sales channels to meet rising demand.
The hub motor segment is expected to be the largest during the forecast period
The hub motor is expected to be the largest during the forecast period. These motors offer several advantages, including compact design, quiet operation, and ease of maintenance. They are available in various power ratings and configurations to suit different bike types and user preferences. Hub motors contribute significantly to the growing popularity of e-bikes by enhancing ride comfort and making cycling more accessible and enjoyable for users of all ages and fitness levels.
The urban commuter segment is expected to have the highest CAGR during the forecast period
The urban commuter segment is expected to have the highest CAGR during the forecast period. These bikes typically feature lightweight frames, responsive electric motors, and compact designs ideal for navigating crowded streets and tight spaces. They prioritize comfort with ergonomic seating and handlebar setups, while advanced models may include features like integrated navigation systems and smart connectivity options. The segment in the market caters specifically to city dwellers seeking efficient, eco-friendly transportation solutions.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Consumers are increasingly adopting e-bikes for commuting and recreational purposes, attracted by benefits such as reduced carbon emissions and enhanced convenience. Key players are focusing on technological advancements in battery efficiency and design to cater to diverse consumer preferences. Regulatory support and infrastructure developments further bolster market expansion, positioning as a pivotal region in the global e-bike industry.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period driven by increasing urbanization and a shift towards sustainable transportation solutions. Growing environmental concerns and a shift towards sustainable mobility options have also contributed to the rising popularity of the market. Advances in battery technology, lightweight materials, and motor efficiency have improved the performance and appeal of e-bikes, making them more attractive to consumers.
Key players in the market
Some of the key players in E-Bike market include Giant Bicycles, Trek Bicycle Corporation, Specialized Bicycle Components, Riese & Müller, Rad Power Bikes, Cannondale, Cube Bikes, Pedego Electric Bikes, Merida Industry Co., Ltd., Scott Sports, Yamaha Motor Company, Brompton Bicycle, Aventon Bikes, Bulls Bikes USA, Ancheer, Tern Bicycles and Xiaomi.
Key Developments:
In April 2024, Pedego launched its Fat Tire Trike e-bike with three tires and a low-step frame design. It is equipped with PEDALSENSE, propulsion software that provides various riding options, such as throttle drive, torque assist, and cruise assist.
In March 2024, Pedego launched its Pedego MOTO, which is equipped with both front and rear suspensions to provide comfort on rugged terrain. A 48V battery producing 750W powers it.
Product Types Covered:
• Pedal Assist
• Throttle-Controlled
• Speed Pedelecs
• Cargo
• Mountain
• Folding
• Other Product Types
Battery Types Covered:
• Lithium-ion Battery
• Lead Acid Battery
• Nickel-Cadmium Battery
• Nickel-Metal Hydride Battery
Motor Types Covered:
• Hub Motor
• Mid Drive Motor
• Friction Drive Motor
Modes Covered:
• Commute
• Sports
• Utility
Applications Covered:
• Urban Commuter
• Mountain
• Folding
• Delivery Services
• Other Applications
End Users Covered:
• Governments
• Businesses
• Individuals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global E-Bike Market, By Product Type
5.1 Introduction
5.2 Pedal Assist
5.3 Throttle-Controlled
5.4 Speed Pedelecs
5.5 Cargo
5.6 Mountain
5.7 Folding
5.8 Other Product Types
6 Global E-Bike Market, By Battery Type
6.1 Introduction
6.2 Lithium-ion Battery
6.3 Lead Acid Battery
6.4 Nickel-Cadmium Battery
6.5 Nickel-Metal Hydride Battery
7 Global E-Bike Market, By Motor Type
7.1 Introduction
7.2 Hub Motor
7.3 Mid Drive Motor
7.4 Friction Drive Motor
8 Global E-Bike Market, By Mode
8.1 Introduction
8.2 Commute
8.3 Sports
8.4 Utility
9 Global E-Bike Market, By Application
9.1 Introduction
9.2 Urban Commuter
9.3 Mountain
9.4 Folding
9.5 Delivery Services
9.6 Other Applications
10 Global E-Bike Market, By End User
10.1 Introduction
10.2 Governments
10.3 Businesses
10.4 Individuals
10.5 Other End Users
11 Global E-Bike Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Giant Bicycles
13.2 Trek Bicycle Corporation
13.3 Specialized Bicycle Components
13.4 Riese & Müller
13.5 Rad Power Bikes
13.6 Cannondale
13.7 Cube Bikes
13.8 Pedego Electric Bikes
13.9 Merida Industry Co., Ltd.
13.10 Scott Sports
13.11 Yamaha Motor Company
13.12 Brompton Bicycle
13.13 Aventon Bikes
13.14 Bulls Bikes USA
13.15 Ancheer
13.16 Tern Bicycles
13.17 Xiaomi
List of Tables
1 Global E-Bike Market Outlook, By Region (2022-2030) ($MN)
2 Global E-Bike Market Outlook, By Product Type (2022-2030) ($MN)
3 Global E-Bike Market Outlook, By Pedal Assist (2022-2030) ($MN)
4 Global E-Bike Market Outlook, By Throttle-Controlled (2022-2030) ($MN)
5 Global E-Bike Market Outlook, By Speed Pedelecs (2022-2030) ($MN)
6 Global E-Bike Market Outlook, By Cargo (2022-2030) ($MN)
7 Global E-Bike Market Outlook, By Mountain (2022-2030) ($MN)
8 Global E-Bike Market Outlook, By Folding (2022-2030) ($MN)
9 Global E-Bike Market Outlook, By Other Product Types (2022-2030) ($MN)
10 Global E-Bike Market Outlook, By Battery Type (2022-2030) ($MN)
11 Global E-Bike Market Outlook, By Lithium-ion Battery (2022-2030) ($MN)
12 Global E-Bike Market Outlook, By Lead Acid Battery (2022-2030) ($MN)
13 Global E-Bike Market Outlook, By Nickel-Cadmium Battery (2022-2030) ($MN)
14 Global E-Bike Market Outlook, By Nickel-Metal Hydride Battery (2022-2030) ($MN)
15 Global E-Bike Market Outlook, By Motor Type (2022-2030) ($MN)
16 Global E-Bike Market Outlook, By Hub Motor (2022-2030) ($MN)
17 Global E-Bike Market Outlook, By Mid Drive Motor (2022-2030) ($MN)
18 Global E-Bike Market Outlook, By Friction Drive Motor (2022-2030) ($MN)
19 Global E-Bike Market Outlook, By Mode (2022-2030) ($MN)
20 Global E-Bike Market Outlook, By Commute (2022-2030) ($MN)
21 Global E-Bike Market Outlook, By Sports (2022-2030) ($MN)
22 Global E-Bike Market Outlook, By Utility (2022-2030) ($MN)
23 Global E-Bike Market Outlook, By Application (2022-2030) ($MN)
24 Global E-Bike Market Outlook, By Urban Commuter (2022-2030) ($MN)
25 Global E-Bike Market Outlook, By Mountain (2022-2030) ($MN)
26 Global E-Bike Market Outlook, By Folding (2022-2030) ($MN)
27 Global E-Bike Market Outlook, By Delivery Services (2022-2030) ($MN)
28 Global E-Bike Market Outlook, By Other Applications (2022-2030) ($MN)
29 Global E-Bike Market Outlook, By End User (2022-2030) ($MN)
30 Global E-Bike Market Outlook, By Governments (2022-2030) ($MN)
31 Global E-Bike Market Outlook, By Businesses (2022-2030) ($MN)
32 Global E-Bike Market Outlook, By Individuals (2022-2030) ($MN)
33 Global E-Bike Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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