E-Bike Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Mode (Pedal Assisted and Throttle Assisted); Battery Type (Lithium-Ion, Lead Acid and Others); Application (Mountain/Trekking Bikes, City/Urban, Cargo and Others); Region and Country

Published:

Dec-2021

Pages:

216

Table:

54

Figure:

123

Report ID:

UMAU21530

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description


Global
E-Bike Market is anticipated display a CAGR of around ~10% over 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

Insights Presented in the Report

“Amongst Mode, Pedal Assisted segment dominated the market in 2020”

Based on mode, the market is segmented into Pedal Assisted and Throttle Assisted. The pedal segment generated revenue of USD XX billion in 2020. Over the projected period, the pedal assisted markets are expected to increase significantly. Consumers like the pedal assist mode because it combines the benefits of riding with the convenience of electric assistance for longer cruises. As a result, pedal assist leads the mode segment

 

“Amongst Battery Type, Lithium-Ion battery segment dominated the market in 2020.”

Based on battery type, the market is segmented into Lithium-Ion, Lead Acid and Others. The Lithium-Ion segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027. One of the major causes of growth of this segment is these batteries are smaller in size, long-lasting, and have more power-to-weight ratio than other batteries

“Amongst Application, Mountain/Trekking Bikes segment dominated the market in 2020.”

Based on application, the market is segmented in Mountain/Trekking Bikes, City/Urban, Cargo and others. The Mountain/Trekking Bikes segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027. As customers are becoming more interested in trekking and recreational activities, demand for mountain/trekking e-bikes is fast expanding. There is a rise in demand for mountain/trekking e-bikes as people become more interested in performance-based adventure activities

“Asia Pacific represents as the largest market.”

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, UK, France, Italy, Netherland, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World. During the projection period of 2021-2027, Asia Pacific is expected to be the largest market. The Asia-Pacific e-bike market is dominated by China, which is the region’s largest manufacturer and exporter of e-bikes. 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. Some of the major players operating in the market includes 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 etc.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional & country-level analysis of the industry

 

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1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report

2.1. Research Process of the E-Bike Market
2.2. Research Methodology of the E-Bike Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the E-Bike Market

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5 E-Bike MARKET COVID-19 IMPACT

6 E-Bike MARKET REVENUE, 2019-2027F

7.1. Pedal Assisted
7.2. Throttle Assisted

8.1. Lithium-Ion
8.2. Lead Acid
8.3. Others

9.1. Mountain/Trekking Bikes
9.2. City/Urban
9.3. Cargo
9.4. Others

10.1. North America E-Bike Market
10.1.1. United States
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe E-Bike Market
10.2.1. Germany
10.2.2. France
10.2.3. United Kingdom
10.2.4. Italy
10.2.5. Netherland
10.2.6. Rest of Europe
10.3. Asia Pacific E-Bike Market
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. South Korea
10.3.5. Rest of Asia Pacific
10.4. Rest of WorldE-Bike Market

11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis

12 E-Bike MARKET OPPORTUNITIES

13 E-Bike MARKET TRENDS

14 EMISSION AND FUEL ECONOMY REGULATIONS

15.1. Demand Side Analysis
15.2. Supply Side Analysis

16 VALUE CHAIN ANALYSIS

17.1. Competitive Landscape
17.1.1. Company Shares, By Revenue

18.1. Yamaha Motor Corporation
18.2. Mahindra & Mahindra Ltd.
18.3. Accell Group
18.4. Giant Manufacturing Co., Ltd.
18.5. Derby Cycle
18.6. Jiangsu Xinri E-Vehicle Co., Ltd.
18.7. Karbon Kinetics Ltd
18.8. Trek Bicycle Corporation
18.9. Merida Industry Co.
18.10. Riese & Muller

19 DISCLAIMER

Research Methodology

E-bikes are less expensive than cars, do not require a driver’s licence, and can be utilized on existing bike paths. Rapid urbanization and decreased customer desire for driving due to increasing traffic congestion are expected to provide lucrative market expansion prospects for e-bikes. In addition, governments in several countries are focusing on the construction of e-bike infrastructure, such as bicycle paths and public charging stations, in response to consumer demand for e-bikes. All these reasons are projected to provide lucrative chances for the global E-bike market to grow throughout the forecast period. Many people see electric bikes as a viable alternative to scooters, personal vehicles, and public transportation. The innovative nature of electric bikes, as well as their enticing looks and advanced features, are some of the primary elements boosting the e-bike industry’s prediction in the approaching years.

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the E-Bike Market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the E-Bike, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by type, by application and by vehicle. Further regional & country-level analyses were conducted to evaluate the overall adoption of the E-Bike Market in the global context.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing government incentives and demand for eco-friendly transportations etc. Historical trends and their year-on-year impact on the market size and share was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Market, and market shares of the segments and company. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of E-Bike across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the E-Bike Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the E-Bike market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of mode, battery type, application, and region.

The main objective of the E-Bike Market Study

The current & future market trends of E-Bike were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of E-Bike in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include type, application, and vehicle
  • Defined analysis of the regulatory framework for the Global E-Bike industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the E-Bike for the major regions & countries
  • Major regions studied in the report include North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Netherland, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the E-Bike Market players and the growth strategies adopted by them to sustain in the fast-growing market

Deep dive regional & country level analysis of the industry