Asia Pacific E-Bike Market

Market Overview:

The Asia Pacific e-bike market size reached US$ 12.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2027, exhibiting at a CAGR of 7.0% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

An e-bike refers to a bicycle that can be moved by peddling or through rechargeable batteries. It consists of an electronic motor, battery and a drivetrain. It covers longer distances with lesser peddling effort, and in a shorter period. In the Asia Pacific region, electronic bicycles have gained traction as they are convenient for all age groups, easy to operate and an economical mode of transportation. They also provide various physical and mental health benefits like improved cardiovascular fitness, muscle strength, and reduced stress and depression.

The Asia Pacific region represents one of the largest markets for e-bikes across the globe, primarily driven by the growing consciousness for the environment. This has shifted consumers’ preferences toward e-bikes as they are eco-friendly, help reduce carbon footprints and can charge through solar power. Besides this, the increasing collaborations between various foreign investors and domestic players have paved the way for a competitive market, offering an attractive price range, which is acting as a major growth-inducing factor. Furthermore, the flourishing tourism industry has prompted a rising number of tourists to opt for e-bikes as a self-driving alternative to commute due to their effortless riding experience. These bikes are also extensively used for various adventure sports, which is increasing their popularity among the younger generation in the region. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific e-bike market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on mode, motor type, battery type, class, design and application.

Breakup by Mode:

• Throttle 
• Pedal Assist
   

Breakup by Motor Type:

• Hub Motor
• Mid Drive
• Others
   

Breakup by Battery Type:

• Lead Acid
• Lithium Ion
• Nickel-Metal Hydride (NiMH)
• Others
   

Breakup by Class:

• Class I
• Class II
• Class III
   

Breakup by Design:

• Foldable
• Non-Foldable
   

Breakup by Application:

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

Breakup by Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Asia Pacific e-bike market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Asia Pacific e-bike market?
• What are the key regional markets?
• What is the breakup of the market based on the mode?
• What is the breakup of the market based on the motor type?
• What is the breakup of the market based on the battery type?
• What is the breakup of the market based on the class?
• What is the breakup of the market based on the design?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Asia Pacific e-bike market and who are the key players?
• What is the degree of competition in the industry?