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E-Bike Market

Global E-Bike Market is expected to foresee steady growth. Asia Pacific holds the largest share!

Global E-Bike Market is expected to grow at a CAGR of around 10% during the forecast period 2021-2027. Electric bicycles are a versatile, eco-friendly, and fashionable form of transportation. Consumers regard them as a viable alternative to scooters, smart cars, and public transportation. E-bikes help to reduce traffic congestion because of their reduced size, ability to reach higher speeds with less effort, and health advantages gained from peddling. These considerations have resulted in an increase in the popularity of electric bikes around the world. The market is expected to grow due to factors such as government regulations encouraging the use of electric bikes, consumer preference for e-bikes as an environmentally friendly and efficient mode of transportation, rising fuel prices, and increased interest in cycling as a fitness and recreational activity. However, the expensive cost of e-bikes and a prohibition on their use in large Chinese cities are stifling the market’s expansion. Improvements in bicycle infrastructure and battery technology and reduced battery cost are also projected to provide attractive chances for the electric bike business to flourish.

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One of the primary aspects driving market expansion is the increased popularity of cycling as a recreational activity. Cycling has a variety of physical and mental health benefits, including increased cardiovascular fitness, muscle strength, and flexibility, as well as a lower risk of stress and depression. The young population is becoming more interested in adventure sports, which is boosting e-bike sales. Furthermore, the thriving tourist industry is a driving force behind the market’s expansion. Electric bicycles are becoming increasingly popular on city streets. They’ve never been as inexpensive or as accessible as the technology that goes into them. Commuters, leisure riders, and even roadies and mountain bikers have taken to them.

The worldwide outbreak of the coronavirus pandemic, accompanying steps to suppress it, and significant supply chain disruption have all had an impact on e-bike market trends to some degree. In most parts of the world, e-bike manufacturing and sales declined during the first quarter of 2020. However, because to COVID-19’s contagious nature, the bulk of commuters have been avoiding public transportation. In 2020, government restrictions on public transportation as a result of social distancing measures has pushed an increasing number of people to use e-bikes. As a result of the pandemic, walking and cycling got a bigger profile than ever in 2020. Governments all across the world encouraged people to walk or ride their bikes instead of taking congested public transportation and invested in large-scale bicycle infrastructure to assist them.

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For a better understanding of the market adoption of E-Bike, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Netherland, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World. Asia Pacific dominated the market in 2020 and is expected to grow at a higher rate during the forecasted period. E-bikes are increasingly being purchased throughout the region for cost-effective and environmentally friendly commuting for short distances, such as commuting to work or the office. In this region, India, Japan, and South Korea are potential markets owing to the increasing e-bike sales in these countries.

Global E-Bike Market Segmentation

Market Insight, by Mode

  • Pedal Assisted
  • Throttle Assisted

Market Insight, by Battery Type

  • Lithium-Ion
  • Lead Acid
  • Others

Market Insight, by Application

  • Mountain/Trekking Bikes
  • City/Urban
  • Bikes
  • Cargo
  • Others

Market Insight, by Region

  • North America E-Bike Market
    • United States
    • Canada
    • Rest of North America
  • Europe E-Bike Market
    • Germany
    • France
    • United Kingdom
    • Italy
    • Netherland
    • Rest of Europe
  • Asia Pacific E-Bike Market
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World E-Bike Market

Top Company Profiles

  • Yamaha Motor Corporation
  • Mahindra & Mahindra Ltd.
  • Accell Group
  • Giant Manufacturing Co., Ltd.
  • Derby Cycle
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • Karbon Kinetics Ltd
  • Trek Bicycle Corporation
  • Merida Industry Co.
  • Riese & Muller

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