An electric bicycle, sometimes known as an e-bike, is a bicycle that has been converted to include an electric motor that assists the user with pedalling. It has the same fundamental features as a standard pushbike, but with the added benefit of electric assistance. Electric bicycles are the most popular electric vehicles worldwide. The global Electric Bicycles market is expected to rise at a significant rate in the forthcoming years.
Over the projection period, weight reduction supported by Li-ion battery integration, cheap cost, wide availability, and minimum environmental implications are likely to be the primary factors driving industry growth. Increased urbanization and worries about the environmental implications of automobiles in many worldwide economies are expected to boost the market growth.
Over the last decade, increased vehicle traffic has resulted in an increase in road accidents. Additionally, increased vehicle traffic has resulted in a major increase in pollution levels around the world. Adoption of eco-friendly electric bicycles, which can substantially reduce traffic congestion while emitting zero carbon emissions, will help reduce emissions and traffic levels, which is likely to drive the electric bicycles market over the forecast period. In addition to this, consumer adoption of eco-friendly vehicles is expanding as a result of increased awareness and government initiatives to promote the usage of battery-powered vehicles.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Battery Type, Use, Motor Type, Driver Mechanism, Operating Mode, Sales Channel, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Accell Group, Derby Cycle AG, Easy Motion, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, Yadea Technology Group Co. Ltd., BionX, Bosch, Electric Bike Technologies LLC, Giant Bicycles, Superpedestrian, Trek. |
Covid-19 Impact on Electric Bicycles Market
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Electric Bicycles Market Segment Overview
According to Battery Type, Lithium-ion (Li-ion) is one of the largest segments in the global Electric Bicycles market. This is due to relatively better performance characteristics and lower carbon footprints. A lithium-ion battery, often known as a Li-ion battery, is a rechargeable battery in which lithium ions travel from the negative electrode to the positive electrode via an electrolyte during discharge and then back again during charging. The positive electrode of a lithium-ion battery is made of an intercalated lithium compound, while the negative electrode is usually made of graphite.
Electric Bicycles Market, By Battery Type
· Lead Acid
· Lithium ion (Li-ion)
· Nickel metal hydride (NiMH)
Electric Bicycles Market, By Use
· City/Urban
· Trekking
· Racing
Electric Bicycles Market, By Motor Type
· Hub Motor
· Mid Motor
Electric Bicycles Market, By Driver Mechanism
· Plug-in
· Battery
Electric Bicycles Market, By Operating Mode
· Battery/Peddle Operated
· Throttle Operated
Electric Bicycles Market, By Sales Channel
· OEM’s
· Sales Channel
Electric Bicycles Regional Overview
Region-Wise, Asia Pacific is a major region for the global Electric Bicycles market. Countries such as India and Taiwan, as well as the Chinese and Japanese markets, are gaining traction as possible catalysts for increased Electric Bicycles sales. Furthermore, Electric Bicycles makers in North America and Europe are shifting their focus to the mid-motors market sector. The main reason for this is because of the benefits, such as the light weight and tiny size. Additionally, these engines provide less noise pollution. As a result, in these regions, this market is predicted to rise at a healthy CAGR.
Electric Bicycles Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Electric Bicycles Market, Key Players
· Accell Group
· Derby Cycle AG
· Easy Motion
· Jiangsu Xinri E-Vehicle Co. Ltd.
· Panasonic
· Pedego
· Stromer
· Yadea Technology Group Co. Ltd.
· BionX
· Bosch
· Electric Bike Technologies LLC
· Giant Bicycles
· Superpedestrian
· Trek
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Electric Bicycles market?
Q2. Which Segments are covered in the Electric Bicycles Market report?
Q3. Which segment is projected to hold the largest share in the Electric Bicycles Market?
Q4. Which region holds the largest share in the Electric Bicycles market?
Q5. Which are the prominent players in the Electric Bicycles Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Electric Bicycles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Battery Type
- 5.2.1. Lead Acid
- 5.2.2. Lithium ion (Li-ion)
- 5.2.3. Nickel metal hydride (NiMH)
- 5.3. Market Analysis, Insights and Forecast – By Use
- 5.3.1. City/Urban
- 5.3.2. Trekking
- 5.3.3. Racing
- 5.4. Market Analysis, Insights and Forecast – By Motor Type
- 5.4.1. Hub Motor
- 5.4.2. Mid Motor
- 5.5. Market Analysis, Insights and Forecast – By Driver Mechanism
- 5.5.1. Plug-in
- 5.5.2. Battery
- 5.6. Market Analysis, Insights and Forecast – By Operating Mode
- 5.6.1. Battery/Peddle Operated
- 5.6.2. Throttle Operated
- 5.7. Market Analysis, Insights and Forecast – By Sales Channel
- 5.7.1. OEM’s
- 5.7.2. Sales Channel
- 5.8. Market Analysis, Insights and Forecast – By Region
- 5.8.1. North America
- 5.8.2. Europe
- 5.8.3. Asia Pacific
- 5.8.4. Latin America, Middle East and Africa
6. North America Electric Bicycles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Battery Type
- 6.2.1. Lead Acid
- 6.2.2. Lithium ion (Li-ion)
- 6.2.3. Nickel metal hydride (NiMH)
- 6.3. Market Analysis, Insights and Forecast – By Use
- 6.3.1. City/Urban
- 6.3.2. Trekking
- 6.3.3. Racing
- 6.4. Market Analysis, Insights and Forecast – By Motor Type
- 6.4.1. Hub Motor
- 6.4.2. Mid Motor
- 6.5. Market Analysis, Insights and Forecast – By Driver Mechanism
- 6.5.1. Plug-in
- 6.5.2. Battery
- 6.6. Market Analysis, Insights and Forecast – By Operating Mode
- 6.6.1. Battery/Peddle Operated
- 6.6.2. Throttle Operated
- 6.7. Market Analysis, Insights and Forecast – By Sales Channel
- 6.7.1. OEM’s
- 6.7.2. Sales Channel
- 6.8. Market Analysis, Insights and Forecast – By Country
- 6.8.1. U.S.
- 6.8.2. Canada
7. Europe Electric Bicycles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Battery Type
- 7.2.1. Lead Acid
- 7.2.2. Lithium ion (Li-ion)
- 7.2.3. Nickel metal hydride (NiMH)
- 7.3. Market Analysis, Insights and Forecast – By Use
- 7.3.1. City/Urban
- 7.3.2. Trekking
- 7.3.3. Racing
- 7.4. Market Analysis, Insights and Forecast – By Motor Type
- 7.4.1. Hub Motor
- 7.4.2. Mid Motor
- 7.5. Market Analysis, Insights and Forecast – By Driver Mechanism
- 7.5.1. Plug-in
- 7.5.2. Battery
- 7.6. Market Analysis, Insights and Forecast – By Operating Mode
- 7.6.1. Battery/Peddle Operated
- 7.6.2. Throttle Operated
- 7.7. Market Analysis, Insights and Forecast – By Sales Channel
- 7.7.1. OEM’s
- 7.7.2. Sales Channel
- 7.8. Market Analysis, Insights and Forecast – By Country
- 7.8.1. UK
- 7.8.2. Germany
- 7.8.3. France
- 7.8.4. Italy
- 7.8.5. Spain
- 7.8.6. Russia
- 7.8.7. Rest of Europe
8. Asia Pacific Electric Bicycles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Battery Type
- 8.2.1. Lead Acid
- 8.2.2. Lithium ion (Li-ion)
- 8.2.3. Nickel metal hydride (NiMH)
- 8.3. Market Analysis, Insights and Forecast – By Use
- 8.3.1. City/Urban
- 8.3.2. Trekking
- 8.3.3. Racing
- 8.4. Market Analysis, Insights and Forecast – By Motor Type
- 8.4.1. Hub Motor
- 8.4.2. Mid Motor
- 8.5. Market Analysis, Insights and Forecast – By Driver Mechanism
- 8.5.1. Plug-in
- 8.5.2. Battery
- 8.6. Market Analysis, Insights and Forecast – By Operating Mode
- 8.6.1. Battery/Peddle Operated
- 8.6.2. Throttle Operated
- 8.7. Market Analysis, Insights and Forecast – By Sales Channel
- 8.7.1. OEM’s
- 8.7.2. Sales Channel
- 8.8. Market Analysis, Insights and Forecast – By Country
- 8.8.1. China
- 8.8.2. India
- 8.8.3. Japan
- 8.8.4. Australia
- 8.8.5. South East Asia
- 8.8.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Electric Bicycles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Battery Type
- 9.2.1. Lead Acid
- 9.2.2. Lithium ion (Li-ion)
- 9.2.3. Nickel metal hydride (NiMH)
- 9.3. Market Analysis, Insights and Forecast – By Use
- 9.3.1. City/Urban
- 9.3.2. Trekking
- 9.3.3. Racing
- 9.4. Market Analysis, Insights and Forecast – By Motor Type
- 9.4.1. Hub Motor
- 9.4.2. Mid Motor
- 9.5. Market Analysis, Insights and Forecast – By Driver Mechanism
- 9.5.1. Plug-in
- 9.5.2. Battery
- 9.6. Market Analysis, Insights and Forecast – By Operating Mode
- 9.6.1. Battery/Peddle Operated
- 9.6.2. Throttle Operated
- 9.7. Market Analysis, Insights and Forecast – By Sales Channel
- 9.7.1. OEM’s
- 9.7.2. Sales Channel
- 9.8. Market Analysis, Insights and Forecast – By Country
- 9.8.1. Brazil
- 9.8.2. Saudi Arabia
- 9.8.3. UAE
- 9.8.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Accell Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Derby Cycle AG
- 10.6. Easy Motion
- 10.7. Jiangsu Xinri E-Vehicle Co. Ltd.
- 10.8. Panasonic
- 10.9. Pedego
- 10.10. Stromer
- 10.11. Yadea Technology Group Co. Ltd.
- 10.12. BionX
- 10.13. Bosch
- 10.14. Electric Bike Technologies LLC
- 10.15. Giant Bicycles
- 10.16. Superpedestrian
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
