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

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

Report Format: PDF+Excel | Report ID: SR112023A5049
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Market Overview:

The India E-Bike market is expected to exhibit a CAGR of 12.9% 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.

E-bike, also known as an electric bike, is a bicycle with an electric motor and rechargeable batteries that help in propulsion. It also comprises a pedal-assist that eases the overall riding experience in hills, inclines, and rough terrain, and reduces stress on joints of the rider. It aids in burning calories and performing cardiovascular exercises for building endurance and muscles. At present, the demand for e-bike is rising across India as it is affordable, energy-efficient, and emission-free.

 

 
 

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India E-Bike Market Trends:

There is currently a rise in the sales of e-bikes (electric bikes) for recreational and adventure activities. This, along with their increasing utilization to navigate through rough terrains, represents one of the key factors driving the market in India. Moreover, e-bikes are an eco-friendly alternative to conventional two-wheelers as they help reduce carbon emissions in the atmosphere. This, coupled with several initiatives undertaken by the Government of India to minimize vehicular pollution, is propelling the growth of the market. In addition, the growing adoption of e-bikes on account of their lower ownership and maintenance costs is positively influencing the market. Besides this, developments in charging infrastructure, along with the expanding automotive industry in India, are offering lucrative growth opportunities to end-users. Additionally, the widespread availability of e-bikes through online and offline stores is augmenting the sales of e-bikes across the country. Furthermore, key market players operating in India are extensively investing in research and development activities to enhance product quality. They are also focusing on the improvement of battery technologies, integrating lightweight materials, and financing promotional campaigns to increase their overall sales. These initiatives are projected to impel the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India e-bikes market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on propulsion type, battery type, power and application.

Breakup by Propulsion Type:

 

 
 

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  • Pedal Assisted
  • Throttle-Assisted
     

Breakup by Battery Type:

  • Lithium-Ion Battery
  • Lead-Acid Battery
     

Breakup by Power:

  • Less Than and Equal to 250W
  • Above 250W
     

Breakup by Application:

  • City and Urban
  • Trekking
  • Cargo
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being eAdicct Mobility Solutions Pvt.Ltd., Elektron Cycles, Giant Bicycles India, GoZero Mobility, Hero Lectro E-Cycles (Hero Cycles Limited), Nibe E-motor Limited, PURE EV, SK EBICYCLE LLP, SS Electric Vehicles and Trek Bicycle Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Million US$
Segment Coverage Propulsion Type, Battery Type, Power, Application, Region
Region Covered North India, West and Central India, South India, East India
Companies Covered eAdicct Mobility Solutions Pvt.Ltd., Elektron Cycles, Giant Bicycles India, GoZero Mobility, Hero Lectro E-Cycles (Hero Cycles Limited), Nibe E-motor Limited, PURE EV, SK EBICYCLE LLP, SS Electric Vehicles and Trek Bicycle Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 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)

 

Key Questions Answered in This Report:

  • How has the india 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 india E-bike market?
  • What are the key regional markets?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the power?
  • 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 india E-bike market and who are the key players?
  • What is the degree of competition in the industry?

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