Market Overview:
The global power assist electric bike market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric bikes for commuting, sports, and other applications. Additionally, the growing awareness about the benefits of using electric bikes is also contributing to the growth of this market. The global power assist electric bike market can be segmented on the basis of type into mid-drive and hub-drive systems. The hub-drive system is expected to dominate this market during the forecast period owing to its low cost and easy installation. On the basis of application, this market can be segmented into commuting, sports, and other applications. The commuting segment is expected to account for a major share in this market due to rising concerns about environmental pollution and traffic congestion in urban areas.
Product Definition:
A power assist electric bike is a bicycle with an integrated electric motor that provides assistance while pedaling. The importance of a power assist electric bike is that it can provide assistance to riders who may not be able to ride a traditional bicycle due to age, injury, or other factors.
Mid-Drive:
The mid-drive system is a type of Power Assisted Electric Bike (PAEB) that uses the engine and motor of an internal combustion bicycle, but with the assistance of an electric motor. The system can be used in any kind of PAEB, mountain bike or not. It has been gaining popularity over the last few years due to its ease in integration with e-bike systems and better performance as compared to hub motors.
Hub-Drive:
The hub-drive system is an electric bicycle drivetrain that consists of a motor and a power transmission system that includes at least one gear. The bike’s motor is directly linked to the bike’s rear wheel through the hub, which allows the rider to use less energy than a chainring would require.
Application Insights:
The sport application segment led the global power assist electric bike market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing participation in sports and fitness among adults as well as children. Furthermore, rising number of professional athletes is also likely to contribute significantly towards segment growth over the next eight years.
The commuting application segment accounted for a significant share of more than 25% in 2017 and is expected to expand at a CAGR of XX% from 2018 to 2030.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The U.S., in particular, is one of the most lucrative markets for APAC’s power assist electric bike market owing to growing concerns pertaining to rising air pollution and increasing greenhouse gas emissions due to conventional fuel-based vehicles. Furthermore, supportive government initiatives are also expected to boost regional product demand over the forecast period.
Europe is anticipated to witness significant growth during the forecast period with countries such as Germany and France contributing significantly towards regional revenue growth owing t o increased adoption of these bicycles across corporate offices and universities as an eco-friendly alternative mode of transportation.
Growth Factors:
- Increasing demand for electric bikes from the millennials due to their inclination towards environment-friendly means of transportation.
- The increasing awareness about the health benefits of cycling, which is prompting people to switch to electric bikes as a healthier mode of transportation.
- The rising prices of fuel and other traditional modes of transportation are pushing people towards electric bikes as a more economical option.
- Governments across the globe are providing incentives and subsidies for purchasing electric bikes, thereby driving their growth prospects in the marketplaces globally. 5)The increasing trend of using bicycles for last mile connectivity in urban areas is also aiding in the growth prospects for power assist electric bike market
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Assist Electric Bike Market Research Report
By Type
Mid-Drive, Hub-Drive
By Application
Commuting, Sport, Other
By Companies
BBF Bike, Accell, Derby Cycle, Giant Bicycle, Merida, Trek Bicycle, BMC Group, Specialized, Riese & Müller, Stevens, Yamaha, Panasonic
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Power Assist Electric Bike Market Report Segments:
The global Power Assist Electric Bike market is segmented on the basis of:
Types
Mid-Drive, Hub-Drive
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
Commuting, Sport, Other
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:
- BBF Bike
- Accell
- Derby Cycle
- Giant Bicycle
- Merida
- Trek Bicycle
- BMC Group
- Specialized
- Riese & Müller
- Stevens
- Yamaha
- Panasonic
Highlights of The Power Assist Electric Bike 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:
- Mid-Drive
- Hub-Drive
- By Application:
- Commuting
- Sport
- Other
- 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 Power Assist Electric Bike 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?
Power Assist Electric Bike is a type of electric bike that uses an electric motor to help you pedal. This helps you to get up hills and avoid having to use your own muscles.
Some of the major companies in the power assist electric bike market are BBF Bike, Accell, Derby Cycle, Giant Bicycle, Merida, Trek Bicycle, BMC Group, Specialized, Riese & M¼ller, Stevens, Yamaha, Panasonic.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Assist Electric Bike Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Power Assist Electric Bike Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Assist Electric Bike Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Power Assist Electric Bike Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Power Assist Electric Bike Market Size & Forecast, 2018-2028
4.5.1 Power Assist Electric Bike Market Size and Y-o-Y Growth
4.5.2 Power Assist Electric Bike Market Absolute $ Opportunity
Chapter 5 Global Power Assist Electric Bike Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Power Assist Electric Bike Market Size Forecast by Type
5.2.1 Mid-Drive
5.2.2 Hub-Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Assist Electric Bike Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Power Assist Electric Bike Market Size Forecast by Applications
6.2.1 Commuting
6.2.2 Sport
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Assist Electric Bike Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Power Assist Electric Bike Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Power Assist Electric Bike Analysis and Forecast
9.1 Introduction
9.2 North America Power Assist Electric Bike Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Power Assist Electric Bike Market Size Forecast by Type
9.6.1 Mid-Drive
9.6.2 Hub-Drive
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Power Assist Electric Bike Market Size Forecast by Applications
9.10.1 Commuting
9.10.2 Sport
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Power Assist Electric Bike Analysis and Forecast
10.1 Introduction
10.2 Europe Power Assist Electric Bike Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Power Assist Electric Bike Market Size Forecast by Type
10.6.1 Mid-Drive
10.6.2 Hub-Drive
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Power Assist Electric Bike Market Size Forecast by Applications
10.10.1 Commuting
10.10.2 Sport
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Power Assist Electric Bike Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Assist Electric Bike Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Power Assist Electric Bike Market Size Forecast by Type
11.6.1 Mid-Drive
11.6.2 Hub-Drive
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Power Assist Electric Bike Market Size Forecast by Applications
11.10.1 Commuting
11.10.2 Sport
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Power Assist Electric Bike Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Assist Electric Bike Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Power Assist Electric Bike Market Size Forecast by Type
12.6.1 Mid-Drive
12.6.2 Hub-Drive
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Power Assist Electric Bike Market Size Forecast by Applications
12.10.1 Commuting
12.10.2 Sport
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Power Assist Electric Bike Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Assist Electric Bike Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Power Assist Electric Bike Market Size Forecast by Type
13.6.1 Mid-Drive
13.6.2 Hub-Drive
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Power Assist Electric Bike Market Size Forecast by Applications
13.10.1 Commuting
13.10.2 Sport
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Power Assist Electric Bike Market: Competitive Dashboard
14.2 Global Power Assist Electric Bike Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BBF Bike
14.3.2 Accell
14.3.3 Derby Cycle
14.3.4 Giant Bicycle
14.3.5 Merida
14.3.6 Trek Bicycle
14.3.7 BMC Group
14.3.8 Specialized
14.3.9 Riese & Müller
14.3.10 Stevens
14.3.11 Yamaha
14.3.12 Panasonic
