Japan Electric Bikes (E-Bikes) Market Size, Insights, Industry Trend, Forecasts to 2032
The Japan Electric Bikes (E-Bikes) Market Size is anticipated to grow at a CAGR of 6.1% from 2022 to 2032. Customers see e-Bikes as an environmentally friendly solution for commuting, and rising fuel prices add to the appeal. Various Japanese cities have launched initiatives to build bicycle highway lanes for e-bikes.
A bicycle having an integrated electric motor operating mechanism and a battery that generates electricity to cause or assist propulsion is known as an electric bike. In Japan, electric bikes ranging from a tiny motor to assist the rider's pedal force to more powerful e-bikes that generate enough power to completely operate the bike using the throttle are available.
Electric bikes are a versatile, eco-friendly, and adaptable mode of transportation. Customers regard them as a viable alternative to smart cars, public transportation, and scooters. Because of their smaller form factor, they help to reduce traffic congestion, provide more speed with less effort, and provide a variety of health benefits. These factors are expected to boost global demand for e-bikes.
The increasing technological advancements in the industry can also be attributed to the growing demand for e-bikes. For example, connected e-bikes have a SIM module that allows them to send and receive data via the cloud without having a smartphone connection. Remote diagnostics, integrated navigation, anti-theft systems, social media connectivity, and automatic emergency calls are also available on these bikes. Robert Bosch GmbH is a market leader in the field of connected e-bikes.
This research report categorizes the market for the Japan electric bikes (E-Bikes) market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the electric bikes (E-Bikes) market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the electric bikes (E-Bikes) market.
Japan Electric Bikes (E-Bikes) Market Report Coverage
|Forecast Period 2022-2032 CAGR:||6.1% CAGR|
|Historical Data for:||2020 to 2022|
|No. of Pages:||120|
|Tables, Charts & Figures:||94|
|Segments covered:||By Propulsion Type, By Battery Type, By Application Type and Country Statistics (Demand, Price, Growth, Competitors, Challenges)|
|Companies Covered:||• Asahi Cycle Co. Ltd • Bridgestone Cycle Co. Ltd • Fujikom Co. Ltd • Jiangsu Xinri E Vehicle Co. Ltd • Kawasaki Motors Corporation Japan • Maruishi • Panasonic Cycle Technology Co. Ltd • Shimano Inc. • Trek Bicycle Corporation • Yamaha Bicycles • Others|
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The electric bicycle (e-bike) is an emissions-free ways of transportation that offers benefits in terms of wellness, time, cost, security congestion, air and noise pollution, and energy security. E-bikes are a more efficient mode of transportation over short distances than other modes of transportation. E-bike riders save money while also helping to reduce environmental impact. The rise in fuel prices over the last decade has resulted in an increase in the use of bicycles as a mode of daily transportation. The rise in fuel prices is the result of an increase in crude oil prices, which are largely controlled by the Organisation of Petroleum Exporting Countries (OPEC). For example, in September 2021, rising electric vehicle demand combined with supply constraints drove crude oil prices to USD 79 per barrel. Furthermore, prices are expected to rise in the future due to limited sources of crude oil.
In the case of e-bikes, government laws and terminologies vary. National regulations exist in Japan, but states and provinces determine authority and legal road use regulations. As a result, any change/update in e-bike regulation affects market demand.
The Japan Electric Bikes (E-Bikes) Market share is classified into propulsion type, battery type, and application type.
- The pedal assisted segment is expected to hold the largest share of the Japan electric bikes market during the forecast period.
The Japan electric bikes (E-Bikes) market is segmented by propulsion type into pedal assisted and throttle assisted. Among these, the pedal assisted segment is expected to hold the largest share of the Japan electric bikes market during the forecast period. Pedal-assisted e-bikes produce more power from the motor, allowing riders to move faster and pedal more easily. Furthermore, these bikes are commonly used on hills and steep routes. The surge in youth demand for pedal-assisted e-bikes is expected to contribute to Japan E-bikes market growth.
- The lithium-ion battery segment is expected to account for the fastest growth rate in the Japan electric bikes market over the forecast period.
Based on the battery type, the Japan electric bikes (E-Bikes) market is divided into lead acid battery, lithium-ion battery, and others. Among these, the lithium-ion battery segment is expected to account for the fastest growth rate in the Japan electric bikes market over the forecast period. High charge density, superior performance, lightweight, as well as excellent charging-discharging efficiency are expected to favor the adoption of these batteries, consequently aiding segment expansion.
- The trekking segment is expected to grow at the highest CAGR in the Japan electric bikes market during the forecast period.
The Japan electric bikes (E-Bikes) market is divided by application type into cargo, city/urban, trekking, and others. Among these, the trekking segment is expected to grow at the highest CAGR in the Japan electric bikes market during the forecast period. E-bikes are increasingly being used for enjoyable and trekking purposes. Additionally, increased interest in performance-oriented adventure, as well as rising demand for recreational sports, are expected to drive market growth.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan electric bikes (E-Bikes) market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Asahi Cycle Co. Ltd
- Bridgestone Cycle Co. Ltd
- Fujikom Co. Ltd
- Jiangsu Xinri E Vehicle Co. Ltd
- Kawasaki Motors Corporation Japan
- Panasonic Cycle Technology Co. Ltd
- Shimano Inc.
- Trek Bicycle Corporation
- Yamaha Bicycles
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In July 2022, The Elektrode bicycle was introduced to the market by Kawasaki. It has three adjustable speed modes, a disc brake, an integrated battery, and an on-wheel motor.
This study forecasts revenue at Japan, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Japan Electric Bikes (E-Bikes) Market based on the below-mentioned segments:
Japan Electric Bikes (E-Bikes) Market Size, By Propulsion Type
- Pedal Assisted
- Throttle Assisted
Japan Electric Bikes (E-Bikes) Market Share, By Battery Type
- Lead Acid Battery
- Lithium-ion Battery
Japan Electric Bikes (E-Bikes) Market Insights, By Application Type
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