Select Language
COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global e-bike market size reached US$ 21.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32.4 Billion by 2027, exhibiting at a CAGR of 6.9% 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 electric bicycle (e-bike) is a battery-powered two-wheeler that runs on rechargeable batteries. It is easy to ride and provides an economical and environment-friendly transportation alternative to motored vehicles. As cycling offers several health benefits, such as improving physical health, increasing muscle strength and flexibility, reducing stress, and decreasing body fat levels, e-bikes are gaining immense traction across the globe.
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
To get more information about this market, Request Sample
E-Bike Market Trends:
The increasing sales of two-wheeled electric vehicles (EVs) on account of rapid urbanization and improving income levels of individuals represent one of the major factors positively influencing the demand for e-bikes across the globe. In addition, due to the inflating prices of petrol, there is a significant increase in the demand for fuel-efficient and high-performance e-bikes. Moreover, the growing consciousness among the masses about physical health is resulting in the rising adoption of e-bikes around the world. Apart from this, stringent regulations and fuel economy standards implemented by governments of numerous countries to minimize carbon emissions are creating a favorable outlook for the market. Furthermore, key players are introducing mobile applications with smart e-bike monitoring systems (SEMS) to help track fitness and provide information in real-time on smartphones. This, in confluence with increasing investments in promotional activities like celebrity endorsements to improve the existing sales and profitability, is contributing to the market growth. Besides this, the emerging trend of e-bike rental services at tourist places as they are affordable and convenient, along with the increasing environmental consciousness among individuals and the burgeoning travel and tourism industry, is offering lucrative growth opportunities to industry investors.
IMARC Group provides an analysis of the key trends in each sub-segment of the global e-bike market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on the mode, motor type, battery type, class, design, and application.
Breakup by Mode:
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
To get more information about this market, Request Sample
Pedal assist e-bikes exhibit a clear dominance in the market as they provide several benefits than other mode types.
Breakup by Motor Type:
Hub motor dominates the market as it is lightweight, compact, and convenient for city use.
Breakup by Battery Type:
Lead acid battery holds the majority of the market as it is affordable, accessible, and recyclable.
Breakup by Class:
Class I represent the largest class of e-bike as it is affordable and does not require insurance to operate.
Breakup by Design:
Non-foldable e-bike holds the largest market share as it is lightweight and easily available at online and offline stores.
Breakup by Application:
City/urban application dominates the market due to improved road infrastructure and the increasing adoption of cycles to commute faster in traffic.
Breakup by Region:
www.imarcgroup.com
To get more information on the regional analysis of this market, Request Sample
The Asia Pacific holds the majority of the market share due to the growing health consciousness and improving income levels of individuals in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Accell Group, BIONX International Corporation, Robert Bosch GmbH, Yamaha Motor Group, Derby Cycle Holding GmbH, Giant Group, KWANG YANG MOTOR CO., LTD., Merida & Centurion Germany GmbH (MCG), Samsung Electronics Co., Ltd., Continental AG, Prodeco Technologies LLC, Tianjin Fuji-ta Group Co., Ltd., Trek Bicycle Corporation, PEDEGO INC, and Shimano Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Mode, Motor Type, Battery Type, Class, Design, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Accell, BionX, Robert Bosch GmbH, Yamaha Motor Company, Derby Cycle, Giant Bicycles, Klever Mobility, Merida Industry Co. Ltd, Samsung SDI Co, Continental AG, Prodecotech LLC, Fuji-ta, Trek Bicycle Corporation, Pedego Electric Bikes and Shimano |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License $ 2499 Five User License $ 3499 Corporate License $ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global e-bike market reached a value of US$ 21.6 Billion in 2021.
According to the estimates by IMARC Group, the global e-bike market is expected to exhibit a CAGR of 6.9% during 2022-2027.
The rising environmental concerns towards the increasing air pollution levels have led to the rapid shift from fuel-based vehicles towards electric bikes, thereby driving the growth of the global e-bike market.
Several technological advancements have led to the emergence of hydrogen-powered bikes and Smart E-Bike Monitoring System (SEMS), which represent one of the key trends in the global e-bike market.
Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations, across several nations, resulting in the disrupted supply chains and temporary closure of numerous manufacturing units for e-bikes.
On the basis of the mode, the market has been classified into throttle and pedal assist, where pedal assist holds the largest market share.
On the basis of the motor type, the market has been classified into hub motor, mid drive and others, where hub motor exhibits a clear dominance in the market.
On the basis of the battery type, the market has been classified into lead acid, lithium ion, nickel-metal hydride (NiMH), and others. Lead acid currently accounts for the majority of the total market share.
On the basis of the class, the market has been categorized into class I, II and III, where class I exhibits a clear dominance in the market.
On the basis of the design, the market has been classified into foldable and non-foldable, where non-foldable e-bikes account for the largest market share.
On the basis of the application, the market has been classified into mountain/trekking bikes, city/urban, cargo, and others. At present, city/urban exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
10% Free customization
Purchase Options
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at
sales@imarcgroup.com