Market Overview:
The global electric bikes market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric bikes across the globe, owing to their advantages over traditional bicycles in terms of performance and convenience. Electric bikes are available in three types- pedal assist, throttle on demand, and speed pedelec. Among these, the pedal assist type is expected to dominate the market during the forecast period due to its high efficiency and low cost of ownership as compared with other types of electric bikes. In terms of applications, online sales are expected to account for a larger share of the global electric bikes market than offline sales during the forecast period. This can be attributed to factors such as easy availability of e-commerce platforms and growing consumer awareness about benefits associated with online shopping.
Product Definition:
Electric bikes are bicycles that have been fitted with a small electric motor. They are popular in Europe and Asia, where they are often used as substitutes for cars. Electric bikes can be pedaled like regular bicycles, or they can be powered by the electric motor.
Pedal Assist:
Pedal assist is a technology that allows the electric bike to give power output without any physical effort from the rider. The system works by using an electronic device, which receives and analyses the signals coming from a sensor attached to the crank arm ofthe bicycle. When activated, it automatically reduces engine speed and increases pedaling speed by delivering power tothe rear wheel.
Throttle On Demand:
Throttle on demand is a feature that allows the rider to control the bike by opening and closing throttle valves. It helps in increasing or decreasing power output of an electric bike as per requirement. The best part about it, it does not affect the overall performance of the vehicle since electric bikes run on batteries.
This technology was first implemented in scooters and has now made its way to electric bikes as well.
Application Insights:
The offline segment dominated the global electric bikes market, accounting for more than 75.0% share of the total revenue in 2017. The application of pedal-assist electric bikes has been growing rapidly across all major cities of the world owing to increased awareness about health, fitness and environmental benefits associated with e-bikes. Furthermore, governments are promoting e-bikes as an effective substitute for conventional bicycles because they require little maintenance and are capable of reaching a higher speed than regular pedal cycles.
Offline applications include corporate wellness programs, healthcare clinics and social service organizations that provide free or subsidized rides to passengers who cannot afford expensive motor vehicles or motorcycles due to low income levels. Moreover, companies such as Limebike have started providing electric bicycles on rent basis through partnerships with local bike sharing companies such as Ofo Bike in various countries including China, Japan and Australia which is expected to expand the application scope over next few years.
Regional Analysis:
North America dominated the global electric bikes market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing government initiatives and rising awareness about health & fitness. Furthermore, presence of key players such as Anheuser-Busch Companies; Levi Strauss Company; Nike, Inc.; and Under Armour, Inc. is also expected to drive the regional growth over the forecast period. Increasing production capacities by companies such as Yamaha Motor Co., Ltd.; Bajaj Electricals Ltd.; Jiangsu Xinri Electric Vehicle Co., Ltd.
Growth Factors:
- Increasing urbanization: The global population is increasingly moving to cities, and this is particularly true in developing countries. This migration has led to increased congestion and pollution in cities, which has created a need for alternative modes of transportation such as electric bikes.
- Rising income levels: As incomes rise around the world, people are able to afford more expensive items such as electric bikes. This has helped fuel the growth of the electric bike market in recent years.
- Improved technology: Electric bike technology continues to improve, making these vehicles more efficient and affordable. This has helped boost demand for electric bikes in recent years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Bikes Market Research Report
By Type
Pedal Assist, Throttle On Demand, Speed Pedelec, Moped or Motorcycle
By Application
Online, Offline
By Companies
Bosch, Accell, Giant Manufacturing, Derby Cycle Holding, Xinri, Panasonic, Bionx International, Mahindra & Mahindra(M&M), Samsung SDI, Prodeco Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electric Bikes Market Report Segments:
The global Electric Bikes market is segmented on the basis of:
Types
Pedal Assist, Throttle On Demand, Speed Pedelec, Moped or Motorcycle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online, Offline
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Accell
- Giant Manufacturing
- Derby Cycle Holding
- Xinri
- Panasonic
- Bionx International
- Mahindra & Mahindra(M&M)
- Samsung SDI
- Prodeco Technologies
Highlights of The Electric Bikes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pedal Assist
- Throttle On Demand
- Speed Pedelec
- Moped or Motorcycle
- By Application:
- Online
- Offline
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Bikes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric bikes are bicycles that use electricity to power the motor. They can be pedal-assist or throttle-controlled, and some have an electric assist feature that makes them easier to ride.
Some of the major players in the electric bikes market are Bosch, Accell, Giant Manufacturing, Derby Cycle Holding, Xinri, Panasonic, Bionx International, Mahindra & Mahindra(M&M), Samsung SDI, Prodeco Technologies.
The electric bikes market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Bikes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Bikes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Bikes Market - Supply Chain
4.5. Global Electric Bikes Market Forecast
4.5.1. Electric Bikes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Bikes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Bikes Market Absolute $ Opportunity
5. Global Electric Bikes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Bikes Market Size and Volume Forecast by Type
5.3.1. Pedal Assist
5.3.2. Throttle On Demand
5.3.3. Speed Pedelec
5.3.4. Moped or Motorcycle
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Bikes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Bikes Market Size and Volume Forecast by Application
6.3.1. Online
6.3.2. Offline
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Bikes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Bikes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Bikes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Bikes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Bikes Demand Share Forecast, 2019-2026
9. North America Electric Bikes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Bikes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Bikes Market Size and Volume Forecast by Application
9.4.1. Online
9.4.2. Offline
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Bikes Market Size and Volume Forecast by Type
9.7.1. Pedal Assist
9.7.2. Throttle On Demand
9.7.3. Speed Pedelec
9.7.4. Moped or Motorcycle
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Bikes Demand Share Forecast, 2019-2026
10. Latin America Electric Bikes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Bikes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Bikes Market Size and Volume Forecast by Application
10.4.1. Online
10.4.2. Offline
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Bikes Market Size and Volume Forecast by Type
10.7.1. Pedal Assist
10.7.2. Throttle On Demand
10.7.3. Speed Pedelec
10.7.4. Moped or Motorcycle
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Bikes Demand Share Forecast, 2019-2026
11. Europe Electric Bikes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Bikes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Bikes Market Size and Volume Forecast by Application
11.4.1. Online
11.4.2. Offline
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Bikes Market Size and Volume Forecast by Type
11.7.1. Pedal Assist
11.7.2. Throttle On Demand
11.7.3. Speed Pedelec
11.7.4. Moped or Motorcycle
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Poential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Bikes Demand Share, 2019-2026
12. Asia Pacific Electric Bikes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Bikes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Bikes Market Size and Volume Forecast by Application
12.4.1. Online
12.4.2. Offline
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Bikes Market Size and Volume Forecast by Type
12.7.1. Pedal Assist
12.7.2. Throttle On Demand
12.7.3. Speed Pedelec
12.7.4. Moped or Motorcycle
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Bikes Demand Share, 2019-2026
13. Middle East & Africa Electric Bikes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Bikes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Bikes Market Size and Volume Forecast by Application
13.4.1. Online
13.4.2. Offline
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Bikes Market Size and Volume Forecast by Type
13.7.1. Pedal Assist
13.7.2. Throttle On Demand
13.7.3. Speed Pedelec
13.7.4. Moped or Motorcycle
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Bikes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Bikes Market: Market Share Analysis
14.2. Electric Bikes Distributors and Customers
14.3. Electric Bikes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bosch
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Accell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Giant Manufacturing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Derby Cycle Holding
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xinri
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panasonic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bionx International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mahindra & Mahindra(M&M)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Samsung SDI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Prodeco Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
