Electric Bicycles Market Overview
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.
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
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?
A. Increased urbanization and worries about the environmental implications of automobiles in many worldwide economies are expected to boost the market growth
Q2. Which Segments are covered in the Electric Bicycles Market report?
A. Therapy, End User, and Region. these segments are covered in the Electric Bicycles market report
Q3. Which segment is projected to hold the largest share in the Electric Bicycles Market?
A. The lithium-ion (Li-ion) 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?
A. the Asia Pacific held the largest share in the global Electric Bicycles market
Q5. Which are the prominent players in the Electric Bicycles Market?
A. 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. are some key players in the Electric Bicycles Market
Electric Bicycles Market Study Global Market Analysis, Insights and Forecast, 2020-2027
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