Global E-bike Market Overview
The Global E-bike Market Size was valued at USD 35.69 billion in 2021 and is expected to reach at a CAGR of 12.6% from 2022 to 2030. The global market size is anticipated to reach USD 52.37 billion by 2030. An E-bikes is basically a bicycle with a motor and rechargeable batteries which reduce the pressure of pedalling effort. E-bikes are very useful for people as it gives cheaper alternative to car travel. E-bikes helps users to cycle without getting tired as it has quickly rechargeable batteries, lightweight motors and advance technology.
The industry's ongoing technological improvements are another factor contributing to the increase in demand for e-bikes. For example, connected e-bikes have a SIM module that enables them to send and receive data through the cloud even when they are not connected to a smartphone. Additionally, these motorcycles come equipped with remote diagnostics, built-in navigation, anti-theft systems, social media connectivity, and automatic emergency calls.
Global E-bike Market Driving Factor:
Greater policy support in terms of supporting infrastructure have prioritized the development of cycling. Countries like Germany, France and Spain and other countries of Europe are aiming to increase annual investment to expedite the development of a safe bicycle network.
Municipal has adopted E-bikes rapidly as bike-sharing system worldwide. With the need for more accessible and safe public transportation increases the use of E-bikes by the people. According to the North American Bikeshare Association (NABSA) E-bikes are users for28% of bike-sharing system in 2019.
A study of CU Boulder found out that in 1 month driving A car vs E-bike has helped to improve blood sugar control, improves cardiovascular endurance and increase physical activity.
Global E-bike Market Report Coverage
|Market Size in 2021:||USD 35.69 billion|
|Forecast Period:||2021 - 2030|
|Forecast Period 2021 - 2030 CAGR:||12.6%|
|2030 Value Projection:||USD 52.37 billion|
|Historical Data for:||2019 - 2021|
|No. of Pages:||120|
|Tables, Charts & Figures:||82|
|Segments covered:||By Propulsion Type (Pedal and Throttle) By Application (City/Urban, Trekking and Cargo), By Battery Type (Lithium-ion and Lead-acid, Nickel Metal), By Region|
|Companies Covered:||Yamaha Motor Company; Yadea Group Holdings Ltd.; Merida Industry Co. Ltd.; Pedego Electric Bikes|
|Growth Drivers:||Greater policy support in terms of supporting infrastructure have prioritized the development of cycling.|
|Pitfalls & Challenges:||E-bikes adoption remains limited in various parts of the world as the price of the E-bikes are high.|
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Global E-bike Market Restraining Factors
E-bikes adoption remains limited in various parts of the world as the price of the E-bikes are high. The cost of the battery and technology makes E-bikes costlier than traditional bicycle and motorbikes.
Global E-bike Market COVID 19 Impact
The COVID-19 pandemic outbreak caused a dramatic slowdown in market growth during the first half of 2020. Lockdowns were implemented all across the world, which led to the temporary closure of several production and assembly facilities. People are choosing bicycles, nevertheless, as the necessity to avoid taking public transportation during this period grows. As a result, e-bikes are much more in demand as an accessible, secure, and practical form of transportation.
Global E-bike Market Segmentation
The global e-bikes market is segmented on propulsion type, battery type, power, application, and region.
Global E-bikes Market, By Propulsion
The market has been divided into throttle-assisted and pedal-assisted segments based on the type of propulsion. In 2021, the pedal-assisted segment dominated the market and held more than 58% of the market share.
Over the projected period, the throttle-assisted category is anticipated to increase at the highest CAGR of 14.6%. The increased use of throttle-assisted e-bikes, which deliver power straight to the engine and eliminate the need for manual pedalling, is accountable for the segment's rise.
Global E-bikes Market, By Battery Type
Based on the Battery Type marker is segmented into lead acid, Lithium-ion, nickel metal hydride, and others.
The Lead acid segment held the largest market share in 2021. The segment's expansion can be attributed to the many advantages that lead-acid batteries provide, including their affordability and durability. However, because these batteries are heavy and discharge quickly, it is anticipated that their use will decrease over the upcoming years.
The lithium-ion battery segment is anticipated to grow at a CAGR of 12.9% from 2022 to 2030. Benefits including high performance, low weight, high charging-discharging efficiency, and high charge density are projected to encourage the adoption of these batteries and boost the segment's growth.
Global E-bikes Market, By Power
In 2021, the above 250W market category held a 50% share of the overall market. Because they can be easily ridden on incline and hilly terrain, e-bikes with a power output of above 250W have become more and more popular.
Over the forecast period, the less than or equal to 250W market is expected to expand at a CAGR of 14.1%. E-bikes with a power of less than or equal to 250W can be used for fitness and leisure in the city as well as in hilly and uphill territory
Global E-bikes Market, By Application
In 2021, the trekking market contributed for roughly 49.6% of total revenue. E-bike use for trekking and leisure activities is growing quickly. In addition, it is anticipated that rising demand for leisure activities and rising awareness of performance-based adventure will also support market expansion.
Global E-bikes Market, By Region
In 2021, the Asia Pacific region had the highest revenue share—over 76.0%—thanks to rising consumer spending in nations like China and India. Numerous technical developments are taking place in the Asia Pacific region, combined with a charging infrastructure that is constantly expanding.
North America is expected to experience the highest CAGR of 15.8% from 2022 to 2030. The expansion of the regional market is anticipated to be pushed by the expansion of manufacturing facilities and IT businesses, as well as the region's growing urban and tech-savvy population.
Recent Developments In The Global E-Bikes Market
- January 2022: Giant Bicycles announced a newcollaboration with Team BikeExchange-Joayco, which will make it the world leading cycling Brand.
- July 2021: Pedego opened a new facility in Bethesda Maryland which offers full range of B-bikes sales.
List of Key Market Players
- Yamaha Motor Company
- Trek Bicycle Corporation
- Pedego Electric Bikes
- Aima Technology Group Co. Ltd.
- Merida Industry Co. Ltd
- Giant Manufacturing Co.,ltd
- Accell Group
- Lithium-ion Battery
- Lead-acid Battery
- Less than or equal to 250W
- Above 250W
- North America, by Country
- North America, by Propulsion
- North America, by Battery Type
- North America, by power
- North America, by Application
- Europe, by Country
- Rest of Europe
- Europe, by Propulsion
- Europe, by Battery Type
- Europe, by power
- Europe, by Application
- Asia Pacific, by Country
- South Korea
- Rest of Asia Pacific
- Asia Pacific, by Propulsion
- Asia Pacific, by Battery Type
- Asia Pacific, by Power
- Asia Pacific, by Application
Middle East & Africa
- Middle East & Africa, by Country
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Middle East & Africa, by Propulsion
- Middle East & Africa, by Battery Type
- Middle East & Africa, by Power
- Middle East & Africa, by Application
- South America, by Country
- Rest of South America
- South America, by Propulsion
- South America, by Battery Type
- South America, by Power
- South America, by Application
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