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Press Release:

Global E-Bike Market to Reach US$ 32.42 Billion by 2027, Impelled by Increasing Health Consciousness

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E-Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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 e-bike or electronic bicycle is a standard bicycle which is equipped with an electric motor, a battery and a drivetrain. The bike can be moved through pedaling or can run on rechargeable batteries. They majorly used Lead acid batteries and can cover long distances with a single charge. E-bikes are simple to operate, convenient for all age groups and are an economical alternative as an environment-friendly means of transportation, in comparison to motored vehicles. 

 

 
 

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The growing popularity of cycling as a recreational activity is one of the key factors driving the market growth. Cycling has numerous physical and mental health benefits such as improved cardiovascular fitness, muscle strength and flexibility along with the reduced risk of stress and depression. The young population is increasingly opting for various adventure sports, which is providing a boost to e-bike sales. Furthermore, the thriving tourism industry is another factor catalyzing the growth of the market. Tourists are opting for e-bikes as a self-driving alternative to commute as it is economical and enables effortless riding. The growing environmental consciousness and rising urban air pollution have led individuals to switch to electric vehicles such as e-bikes that have low carbon emissions and can be charged through solar power. Moreover, various product innovations such as the introduction of hydrogen-powered bikes and Smart E-Bike Monitoring System (SEMS), along with the increasing demand for pedal assisted or pedelec bikes, are also contributing to the market growth.

Key Market Segmentation:

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

Breakup by Mode:

 

 
 

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  • 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 Region:

 

 
 

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  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being 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, Shimano, etc.

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
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global E-Bike Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Mode 
    5.5    Market Breakup by Motor Type
    5.6    Market Breakup by Battery Type
    5.7    Market Breakup by Class
    5.8    Market Breakup by Design
    5.9    Market Breakup by Application
    5.10    Market Breakup by Region 
    5.11    Market Forecast
6   Market Breakup by Mode 
    6.1    Throttle   
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Pedal Assist 
        6.2.1    Market Trends
        6.2.2    Market Forecast
7   Market Breakup by Motor Type 
    7.1    Hub Motor 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Mid Drive 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Others 
        7.3.1    Market Trends
        7.3.2    Market Forecast
8   Market Breakup by Battery Type 
    8.1    Lead Acid 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Lithium Ion 
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Nickel-Metal Hydride (NiMH) 
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Others 
        8.4.1    Market Trends
        8.4.2    Market Forecast
9   Market Breakup by Class 
    9.1    Class I  
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Class II  
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Class III 
        9.3.1    Market Trends
        9.3.2    Market Forecast
10  Market Breakup by Design 
    10.1    Foldable  
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Non-Foldable   
        10.2.1    Market Trends
        10.2.2    Market Forecast
11  Market Breakup by Application 
    11.1    Mountain/Trekking Bikes   
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    City/Urban   
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Cargo   
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Others   
        11.4.1    Market Trends
        11.4.2    Market Forecast
12  Market Breakup by Region
    12.1    Asia Pacific
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    Europe
        12.2.1    Market Trends
        12.2.2    Market Forecast
    12.3    North America
        12.3.1    Market Trends
        12.3.2    Market Forecast
    12.4    Middle East and Africa
        12.4.1    Market Trends
        12.4.2    Market Forecast
    12.5    Latin America
        12.5.1    Market Trends
        12.5.2    Market Forecast
13  SWOT Analysis
    13.1    Overview
    13.2    Strengths
    13.3    Weaknesses
    13.4    Opportunities
    13.5    Threats
14  Value Chain Analysis
15  Porter’s Five Forces Analysis
    15.1    Overview
    15.2    Bargaining Power of Buyers
    15.3    Bargaining Power of Suppliers
    15.4    Degree of Competition
    15.5    Threat of New Entrants
    15.6    Threat of Substitutes
16  Price Analysis
17  Competitive Landscape
    17.1    Market Structure
    17.2    Key Players
    17.3    Profiles of Key Players
        17.3.1    Accell
        17.3.2    BionX
        17.3.3    Robert Bosch GmbH 
        17.3.4    Yamaha Motor Company 
        17.3.5    Derby Cycle 
        17.3.6    Giant Bicycles 
        17.3.7    Klever Mobility 
        17.3.8    Merida Industry Co. Ltd 
        17.3.9    Samsung SDI Co 
        17.3.10     Continental AG 
        17.3.11     Prodecotech LLC 
        17.3.12     Fuji-ta 
        17.3.13     Trek Bicycle Corporation 
        17.3.14     Pedego Electric Bikes 
        17.3.15     Shimano


List of Figures

Figure 1: Global: E-Bike Market: Major Drivers and Challenges
Figure 2: Global: E-Bike Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: E-Bike Market: Breakup by Mode (in %), 2021
Figure 4: Global: E-Bike Market: Breakup by Motor Type (in %), 2021
Figure 5: Global: E-Bike Market: Breakup by Battery Type (in %), 2021
Figure 6: Global: E-Bike Market: Breakup by Class (in %), 2021
Figure 7: Global: E-Bike Market: Breakup by Design (in %), 2021
Figure 8: Global: E-Bike Market: Breakup by Application (in %), 2021
Figure 9: Global: E-Bike Market: Breakup by Region (in %), 2021
Figure 10: Global: E-Bike Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 11: Global: E-Bike Industry: SWOT Analysis
Figure 12: Global: E-Bike Industry: Value Chain Analysis
Figure 13: Global: E-Bike Industry: Porter’s Five Forces Analysis
Figure 14: Global: E-Bike (Throttle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: E-Bike (Throttle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: E-Bike (Pedal Assist) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: E-Bike (Pedal Assist) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: E-Bike (Hub Motor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: E-Bike (Hub Motor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: E-Bike (Mid Drive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: E-Bike (Mid Drive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: E-Bike (Other Motor Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: E-Bike (Other Motor Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: E-Bike (Lead Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: E-Bike (Lead Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: E-Bike (Lithium Ion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: E-Bike (Lithium Ion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: E-Bike (Nickel-Metal Hydride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: E-Bike (Nickel-Metal Hydride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: E-Bike (Other Battery Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: E-Bike (Other Battery Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: E-Bike (Class I) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: E-Bike (Class I) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: E-Bike (Class II) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: E-Bike (Class II) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: E-Bike (Class III) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: E-Bike (Class III) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: E-Bike (Foldable) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: E-Bike (Foldable) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: E-Bike (Non-Foldable) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: E-Bike (Non-Foldable) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: E-Bike (Mountain/Trekking Bikes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: E-Bike (Mountain/Trekking Bikes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: E-Bike (City/Urban) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: E-Bike (City/Urban) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: E-Bike (Cargo) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: E-Bike (Cargo) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: E-Bike (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: E-Bike (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Asia Pacific: E-Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Asia Pacific: E-Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: E-Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: E-Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: North America: E-Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: North America: E-Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Middle East and Africa: E-Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Middle East and Africa: E-Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Latin America: E-Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Latin America: E-Bike Market Forecast: Sales Value (in Million US$), 2022-2027


List of Tables

Table 1: Global: E-Bike Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: E-Bike Market Forecast: Breakup by Mode (in Million US$), 2022-2027
Table 3: Global: E-Bike Market Forecast: Breakup by Motor Type (in Million US$), 2022-2027
Table 4: Global: E-Bike Market Forecast: Breakup by Battery Type (in Million US$), 2022-2027
Table 5: Global: E-Bike Market Forecast: Breakup by Class (in Million US$), 2022-2027
Table 6: Global: E-Bike Market Forecast: Breakup by Design (in Million US$), 2022-2027
Table 7: Global: E-Bike Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 8: Global: E-Bike Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 9: Global: E-Bike Market Structure
Table 10: Global: E-Bike Market: Key Players

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Key Question Answered in this Report

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.

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