South America E-Bike Market Size, Share, and COVID-19 Impact Analysis, By Battery Type (Lead Acid, Lithium-ion, Nickel Metal Hydride, Others), By Application (Mountain/Trekking, City/Urban, Cargo/Luggage), By Country (Brazil, Argentina, Colombia, Peru, Rest of South America), and South America E-Bike Market Insights Forecasts to 2033

Industry: Automotive & Transportation

RELEASE DATE Jan 2024
REPORT ID SI3539
PAGES 200
REPORT FORMAT PathSoft

South America E-Bike Market Insights Forecasts to 2033

  • The South America E-Bike Market Size was valued at USD 119.56 Million in 2023
  • The Market Size is Growing at a CAGR of 5.34% from 2023 to 2033
  • The South America E-Bike Market Size is Expected to Reach USD 201.12 Million by 2033

South America E-Bike Market

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The South America E-Bike Market Size is expected to reach USD 201.12 Million by 2033, at a CAGR of 5.34% during the forecast period 2023 to 2033.

 

Market Overview

An electric bike is a bicycle equipped with a motor and rechargeable batteries to help the rider and relieve some of the strain of pedaling. Compared to traditional bicycles, e-bikes allow users to ride farther and more frequently without becoming weary. They are less expensive than driving a car and a better option for those with restricted mobility. Fast charging times, lightweight motors, and improved bicycle component technology have made electric bicycles more popular as a practical, economical, and environmentally responsible mode of transportation. Furthermore, consumers in South America are increasingly looking for eco-friendly options as they become more conscious of concerns like air pollution and climate change. Since they E-Bike produce no emissions and lessen carbon footprints, E-bikes are a desirable choice for anyone who cares about the environment. In addition, the South America government is actively creating the charging infrastructure necessary for the adoption of electric bikes. By providing incentives, programs, and subsidies, the federations are lowering the overall cost of e-bikes. Because of the advantages and environmental friendliness of electric bicycles, people are becoming more likely to utilize them. As a result, it is anticipated that rising gasoline prices will encourage consumer preference for electric bikes, boosting the expansion of the electric bike market in South America.

 

Report Coverage

This research report categorizes the market for South America E-bike 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 South America E-bike 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-segments of the South America E-bike market.

 

South America E-Bike Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 119.56 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:5.34%
2033 Value Projection:USD 201.12 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Battery Type, By Application, By Country
Companies Covered: Accell Group, Amer Sports, Brasil & Movimento, Caloi, Campagnolo, Cube Cycles, Dorel Industries Inc., Giant Bicycles, Merida Bikes International, Scott Sports, Scarab Cycles, Specialized Bicycle Components, Inc. and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Consumers are actively looking for more environmentally friendly options for their daily transportation needs as air pollution and climate change grow in importance. Since e-bikes emit no emissions and have a significantly smaller environmental impact than conventional gasoline-powered vehicles, they have become more popular as an environmentally friendly form of mobility. E-bikes' lower greenhouse gas emissions are in line with national and international sustainability objectives as well as government initiatives to lessen environmental harm. Environmental concerns are fueling the rise of the E-Bike market growth in South America. As a result of consumers choosing these bikes to lessen their carbon footprint and contribute to a cleaner, healthier earth. Thus, such factors are boosting the market growth in South America.

 

Restraining Factors

There are several different government regulations and terms related to e-bikes. While governments and provinces determine the jurisdiction and lawful road use restrictions in South Africa. Consequently, any modification to the e-bike regulations affects consumer demand.

 

Market Segment

  • In 2023, the lead acid segment accounted for the largest revenue share over the forecast period.

Based on the battery type, the South America E-bike market is segmented into lead acid, lithium-ion, nickel metal hydride, and others. Among these, the lead acid segment has the largest revenue share over the forecast period. Lead-acid batteries are well-known and have been used in a wide range of applications for many years. Customers are more trusting of this long history of performance, especially those who might be hesitant to embrace newer battery technology. Since familiarity frequently influences purchasing decisions, many people who purchase E-bikes prefer lead-acid batteries. Lead-acid batteries are also quite inexpensive, which increases the accessibility of E-bikes powered by these batteries to a wider spectrum of customers. Due to their affordable price, those who are cost-conscious particularly in country are more inclined to choose E-bikes using lead-acid batteries.

 

  • In 2023, the mountain/trekking segment accounted for the largest revenue share over the forecast period.

On the basis of application, the South America E-bike market is segmented into mountain/trekking, city/urban, cargo/luggage and others. Among these, the mountain/trekking segment has the largest revenue share over the forecast period. E-bikes are becoming increasingly popular for recreational and hiking activities. Furthermore, the South America market is anticipated to increase as a result of rising demand for leisure activities and growing awareness of performance-based adventure.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South America E-bike 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

  • Accell Group
  • Amer Sports
  • Brasil & Movimento
  • Caloi
  • Campagnolo
  • Cube Cycles
  • Dorel Industries Inc.
  • Giant Bicycles
  • Merida Bikes International
  • Scott Sports
  • Scarab Cycles
  • Specialized Bicycle Components, Inc.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South America E-bike market based on the below-mentioned segments:

 

South America E-Bike Market, By Battery Type

  • Lead Acid
  • Lithium-ion
  • Nickel Metal Hydride
  • Others

 

South America E-Bike Market, By Application

  • Mountain/Trekking
  • City/Urban
  • Cargo/Luggage
  • Others

 

South America E-Bike Market, By Country

  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Rest of The South America

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