Global Electric Bike Market Size Study, by Product Type, by Drive Mechanism, by Battery Type, and Regional Forecasts 2022-2032

Description

The Global Electric Bike Market, valued at approximately USD 66.39 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2032. An electric bike, often referred to as an e-bike, is a bicycle equipped with an integrated electric motor that assists with propulsion. E-bikes can typically be powered either by pedaling, with the motor providing a boost, or by using a throttle that allows the bike to be propelled without pedaling. The motor is powered by a rechargeable battery, and the level of assistance can often be adjusted to suit the rider's preference. Electric bikes offer an eco-friendly and efficient alternative to traditional bicycles, making them popular for commuting, recreation, and fitness. The rising demand for eco-friendly and efficient transportation solutions, driven by government regulations and consumer inclination toward health and fitness, is significantly propelling the growth of the e-bike market.

Electric bikes, which feature an integrated electric motor and battery to assist propulsion, offer a flexible, versatile, and eco-friendly alternative to traditional modes of transport. These bikes have gained popularity due to their ability to tackle traffic congestion, provide health benefits, and offer a faster, less strenuous commute. The market is also being driven by the increasing fuel costs and the growing interest in cycling as both a fitness and recreational activity. However, the high cost of e-bikes and the ban on their use in major Chinese cities pose challenges to market growth. On the other hand, advancements in battery technology and the improvement of bicycling infrastructure are expected to create lucrative opportunities for the expansion of the electric bike market globally.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The Asia-Pacific region, particularly China, dominates the global electric bike market due to several key factors. China has a massive population with increasing urbanization, leading to a high demand for efficient and affordable transportation alternatives to alleviate traffic congestion and reduce pollution. Additionally, supportive government policies and incentives promoting eco-friendly transportation have significantly boosted e-bike adoption in the region. China's well-established manufacturing infrastructure and advancements in battery technology have also contributed to producing cost-effective and high-quality electric bikes, further solidifying its leading position in the market. Moreover, the growing awareness of environmental sustainability and the need for reducing carbon emissions continue to drive the popularity of electric bikes across the Asia-Pacific region.

Major market players included in this report are:

Accell Group
Derby Cycle
Fuji-ta Bicycle Co., Ltd.
Giant Manufacturing Co., Ltd.
Jiangsu Xinri E-Vehicle Co., Ltd.
Mahindra & Mahindra Ltd. (GenZe)
Prodecotech, LLC
Tianjin Golden Wheel Group Co., Ltd.
Trek Bicycle Corporation
Yamaha Motor Co., Ltd.
Juiced Bikes
BULLS Bikes
Tern Bicycles
Ancheer
Cannondale Bicycle Corporation

The detailed segments and sub-segments of the market are explained below:

By Product Type

Pedelecs
Speed Pedelecs
Throttle on Demand
Scooter & Motorcycle

By Drive Mechanism

Hub Motor
Mid-drive
Others

By Battery Type

Lead-acid
Lithium-ion (Li-ion)
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East
Saudi Arabia
South Africa
Rest of Middle East and Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Electric Bike Market Executive Summary

1.1. Global Electric Bike Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Drive Mechanism
- 1.3.3. By Battery Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Electric Bike Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Electric Bike Market Dynamics

3.1. Market Drivers
- 3.1.1. Implementation of Government Regulations to Encourage the Use of Electric Bikes
- 3.1.2. Consumer Inclination Toward Use of E-Bikes as an Eco-Friendly & Efficient Solution for Commute
3.2. Market Challenges
- 3.2.1. High Cost of E-Bikes
- 3.2.2. Ban on Use of E-Bikes in Major Cities of China
3.3. Market Opportunities
- 3.3.1. Improvement in Bicycling Infrastructure and Battery Technology
- 3.3.2. Increasing Awareness and Interest in Cycling as a Fitness and Recreational Activity

Chapter 4. Global Electric Bike Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Electric Bike Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Electric Bike Market: Product Type Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 5.2.1. Pedelecs
- 5.2.2. Speed Pedelecs
- 5.2.3. Throttle on Demand
- 5.2.4. Scooter & Motorcycle

Chapter 6. Global Electric Bike Market Size & Forecasts by Drive Mechanism 2022-2032

6.1. Segment Dashboard
6.2. Global Electric Bike Market: Drive Mechanism Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 6.2.1. Hub Motor
- 6.2.2. Mid-drive
- 6.2.3. Others

Chapter 7. Global Electric Bike Market Size & Forecasts by Battery Type 2022-2032

7.1. Segment Dashboard
7.2. Global Electric Bike Market: Battery Type Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 7.2.1. Lead-acid
- 7.2.2. Lithium-ion (Li-ion)
- 7.2.3. Others

Chapter 8. Global Electric Bike Market Size & Forecasts by Region 2022-2032

8.1. North America Electric Bike Market
- 8.1.1. U.S. Electric Bike Market
  - 8.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Drive Mechanism breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Battery Type breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Electric Bike Market
- 8.1.3. Mexico Electric Bike Market
8.2. Europe Electric Bike Market
- 8.2.1. U.K. Electric Bike Market
- 8.2.2. Germany Electric Bike Market
- 8.2.3. France Electric Bike Market
- 8.2.4. Netherlands Electric Bike Market
- 8.2.5. Italy Electric Bike Market
- 8.2.6. Rest of Europe Electric Bike Market
8.3. Asia-Pacific Electric Bike Market
- 8.3.1. China Electric Bike Market
- 8.3.2. Japan Electric Bike Market
- 8.3.3. India Electric Bike Market
- 8.3.4. Australia Electric Bike Market
- 8.3.5. Vietnam Electric Bike Market
- 8.3.6. Rest of Asia-Pacific Electric Bike Market
8.4. LAMEA Electric Bike Market
- 8.4.1. Latin America Electric Bike Market
- 8.4.2. Middle East Electric Bike Market
- 8.4.3. Africa Electric Bike Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Accell Group
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Derby Cycle
- 9.3.3. Fuji-ta Bicycle Co., Ltd.
- 9.3.4. Giant Manufacturing Co., Ltd.
- 9.3.5. Jiangsu Xinri E-Vehicle Co., Ltd.
- 9.3.6. Mahindra & Mahindra Ltd. (GenZe)
- 9.3.7. Prodecotech, LLC
- 9.3.8. Tianjin Golden Wheel Group Co., Ltd.
- 9.3.9. Trek Bicycle Corporation
- 9.3.10. Yamaha Motor Co., Ltd.
- 9.3.11. Juiced Bikes
- 9.3.12. BULLS Bikes
- 9.3.13. Tern Bicycles
- 9.3.14. Ancheer
- 9.3.15. Cannondale Bicycle Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes