Asia Pacific E-Bike Market Forecast to 2030 - Regional Analysis - by Battery Type, Motor Type, Class, and Mode

List of Tables

The Asia Pacific e-bike market was valued at US$ 23,526.20 million in 2022 and is expected to reach US$ 51,660.04 million by 2030; it is estimated to grow at a CAGR of 10.3% from 2022 to 2030.

Rising Adoption of Connected E-Bikes Among Business and Government Sectors Fuels Asia Pacific E-Bike Market

The connected e-bike is gaining popularity across the world owing to growing urbanization and rising traffic congestion issues. The urban population uses e-bikes to avoid the traffic congestion problems. Also, rising urbanization and increasing government spending on cycling tracks and e-bike connection infrastructure would offer opportunities for the global e-bike market in the coming years. According to the U.N. Organizations, around 55.0% of the global population lives in urban areas, and it is projected to reach 68% by 2050. Transportation systems are not built to cope with the future demand of rising congestion and pollution. To tackle such problems, the key players are launching connected e-bikes with built-in scanners to pay and lock. This electric bike is available and can be charged based on the time and distance traveled by the users. Several business entities and key players are adopting multiple strategies such as partnerships and collaborations to provide connected e-bikes for traveling short distances to avoid traffic congestion.

Further, in July 2023, Hero Electric partnered with Maxwell Energy Systems to offer battery management systems to more than 1 million units for the next three years.

Such, rising adoption and development of the e-bike models and e-bike sharing platforms among the individuals around the globe is expected to create ample opportunity for the market growth. Several companies are launching the e-bike sharing platforms to avoid the traffic congestion problems around the globe which is expected to create tremendous opportunity in upcoming future.

Asia Pacific E-Bike Market Overview

Growing urbanization, rising investments in cycling track development, and increasing consumer awareness regarding environmentally friendly transportation drive the e-bike market growth. Governments of several countries announce ample investments and subsidies for the adoption of e-bikes.

Asia Pacific dominates the global e-bike market due to the presence of several local manufacturers in China and Japan. China's e-bike production is the largest, reaching around 45.5 million in 2021, owing to the presence of raw material providers, low costs of labor, and favorable government schemes to promote penetration of e-bike. Also, Chinese consumers are aware regarding the benefits of environmentally friendly transportation and invest in e-bikes to travel short distances and avoid the traffic in their urban areas. According to the Chinese Bicycle Organization, China is the world's largest consumer and exporter of electric bicycles. In the country, more than 300 million electric bicycles are being used. In 2020, China produced around 41.3 million electric bicycles and exported more than 2.0 million across the world. In the country, more than 50 million people use e-bikes owing to their low cost, convenience, and relatively energy-efficient transportation. China is the dominant country that uses e-bikes as a travel mode.

The e-bike market in Japan and India is growing rapidly owing to rising government schemes and funding to promote e-bike mobility penetration. In March 2020, India's finance minister launched the PLI scheme that provides subsidies for the e-cycles. The government announced an investment of US$ 0.24 million in creating national manufacturing facilities. The scheme was introduced to promote the production of e-bikes and EVs to meet the local demand.

Asia Pacific E-Bike Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific E-Bike Market Segmentation

The Asia Pacific e-bike market is segmented based on battery type, motor type, class, mode, and country.

Based on battery type, the Asia Pacific e-bike market is segmented into lithium-ion, lithium-ion polymer, lead acid, and nickel metal hydride. The lithium-ion segment held the largest Asia Pacific e-bike market share in 2022.

In terms of motor type, the Asia Pacific e-bike market is bifurcated into mid motor and hub motor. The mid motor segment held a larger Asia Pacific e-bike market share in 2022.

Based on class, the Asia Pacific e-bike market is segmented into class-I, class-II, and class-III. The class-I segment held the largest Asia Pacific e-bike market share in 2022.

By mode, the Asia Pacific e-bike market is bifurcated into pedal assist mode and throttle mode. The pedal assist mode segment held a larger Asia Pacific e-bike market share in 2022.

Based on country, the Asia Pacific e-bike market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific e-bike market in 2022.

Giant Manufacturing Co Ltd, Merida Industry Co Ltd, Robert Bosch GmbH, Specialized Bicycle Components Inc, Shimano Inc, Trek Bicycle Corp, and Yamaha Motor Co Ltd are some of the leading companies operating in the Asia Pacific e-bike market.

Product Code: BMIRE00029851

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific E-Bike Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of E-Bike Suppliers

5. Asia Pacific E-Bike Market - Key Industry Dynamics

5.1 Asia Pacific E-Bike Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Growth of Outdoor Sports and Adventurous Activities
- 5.2.2 Government Support to Lower Carbon Emissions Transportation
- 5.2.3 Increasing Prices of Fuel and Rising Adoption of Environment-Friendly Transportation
5.3 Market Restraints
- 5.3.1 High Cost of E-Bikes and Requirement of Huge Capital Investments in Their Manufacturing
5.4 Market Opportunities
- 5.4.1 Rising Adoption of Connected E-Bikes Among Business and Government Sectors
5.5 Future Trends
- 5.5.1 Development of E-Bikes Using Lightweight Material and Advanced Smart Systems
5.6 Impact of Drivers and Restraints:

6. E-Bike Market - Asia Pacific Market Analysis

6.1 Asia Pacific E-Bike Market Revenue (US$ Million), 2022 - 2030
6.2 Asia Pacific E-Bike Market Forecast and Analysis

7. Asia Pacific E-Bike Market Analysis - Battery Type

7.1 Lithium-Ion
- 7.1.1 Overview
- 7.1.2 Lithium-Ion : Asia Pacific E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Lithium-Ion Polymer
- 7.2.1 Overview
- 7.2.2 Lithium-Ion Polymer: Asia Pacific E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Lead Acid
- 7.3.1 Overview
- 7.3.2 Lead Acid: Asia Pacific E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Nickel Metal Hydride
- 7.4.1 Overview
- 7.4.2 Nickel Metal Hydride: Asia Pacific E-Bike Market, Revenue and Forecast to 2030 (US$ Million)

8. Asia Pacific E-Bike Market Analysis - Motor Type

8.1 Mid Motor
- 8.1.1 Overview
- 8.1.2 Mid Motor: Asia Pacific E-Bike Market, Revenue, and Forecast to 2030 (US$ Million)
8.2 Hub Motor
- 8.2.1 Overview
- 8.2.2 Hub Motor: Asia Pacific E-Bike Market Revenue, and Forecast to 2030 (US$ Million)

9. Asia Pacific E-Bike Market Analysis - Class

9.1 Class I
- 9.1.1 Overview
- 9.1.2 Class I: Asia Pacific E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Class II
- 9.2.1 Overview
- 9.2.2 Class II: Asia Pacific E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Class III
- 9.3.1 Overview
- 9.3.2 Class III: Asia Pacific E-Bike Market Revenue, and Forecast to 2030 (US$ Million)

10. Asia Pacific E-Bike Market Analysis - Mode

10.1 Pedal Assisted Mode
- 10.1.1 Overview
- 10.1.2 Pedal Assisted Mode: Asia Pacific E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Throttle Mode
- 10.2.1 Overview
- 10.2.2 Throttle Mode: Asia Pacific E-Bike Market Revenue, and Forecast to 2030 (US$ Million)

11. Asia Pacific E-Bike Market - Country Analysis

11.1 Asia Pacific E-Bike Market
- 11.1.1 Overview
- 11.1.2 Asia Pacific E-Bike Market Revenue and Forecasts and Analysis - By Country
  - 11.1.2.1 Asia Pacific E-Bike Market Revenue and Forecasts and Analysis - By Country
  - 11.1.2.2 Australia E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.2.1 Australia E-Bike Market Breakdown by Battery Type
    - 11.1.2.2.2 Australia E-Bike Market Breakdown by Motor Type
    - 11.1.2.2.3 Australia E-Bike Market Breakdown by Class
    - 11.1.2.2.4 Australia E-Bike Market Breakdown by Mode
  - 11.1.2.3 China E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.3.1 China E-Bike Market Breakdown by Battery Type
    - 11.1.2.3.2 China E-Bike Market Breakdown by Motor Type
    - 11.1.2.3.3 China E-Bike Market Breakdown by Class
    - 11.1.2.3.4 China E-Bike Market Breakdown by Mode
  - 11.1.2.4 India E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.4.1 India E-Bike Market Breakdown by Battery Type
    - 11.1.2.4.2 India E-Bike Market Breakdown by Motor Type
    - 11.1.2.4.3 India E-Bike Market Breakdown by Class
    - 11.1.2.4.4 India E-Bike Market Breakdown by Mode
  - 11.1.2.5 Japan E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.5.1 Japan E-Bike Market Breakdown by Battery Type
    - 11.1.2.5.2 Japan E-Bike Market Breakdown by Motor Type
    - 11.1.2.5.3 Japan E-Bike Market Breakdown by Class
    - 11.1.2.5.4 Japan E-Bike Market Breakdown by Mode
  - 11.1.2.6 South Korea E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.6.1 South Korea E-Bike Market Breakdown by Battery Type
    - 11.1.2.6.2 South Korea E-Bike Market Breakdown by Motor Type
    - 11.1.2.6.3 South Korea E-Bike Market Breakdown by Class
    - 11.1.2.6.4 South Korea E-Bike Market Breakdown by Mode
  - 11.1.2.7 Rest of Asia Pacific E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.7.1 Rest of Asia Pacific E-Bike Market Breakdown by Battery Type
    - 11.1.2.7.2 Rest of Asia Pacific E-Bike Market Breakdown by Motor Type
    - 11.1.2.7.3 Rest of Asia Pacific E-Bike Market Breakdown by Class
    - 11.1.2.7.4 Rest of Asia Pacific E-Bike Market Breakdown by Mode

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Giant Manufacturing Co Ltd
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Merida Industry Co., Ltd.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Robert Bosch GmbH
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Specialized Bicycle Components, Inc.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Shimano Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Trek Bicycle Corp
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Yamaha Motor Co Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index