DataLibraryResearch is tracking the market dynamics of the crisis in the Automobile & Transportation industry amid lock-down changes in the supply chain.
Get detailed analysis of the COVID-19 impact on the Electric Bike Market
Global Electric Bike Market Opportunities and Forecast 2020-2027
Global Electric Bike Market, By Battery Type (Lithium-Ion, Lithium-Ion Polymer, Lead Acid, Others), By Electric Bike Mode (Pedal Assist Mode, Throttle Mode), By Conversion Kits (Hub Motor Conversion Kit, All In One Wheel Kit, Mid Drive Conversion Kit), and opportunities and forecast 2020-2027
Electric Bike Market Overview
The global Electric Bike market is projected to grow at a large scale in the next few years. The popularity of electric bike has been rising due to increasing urbanization and a growing number of vehicular traffic on streets. In addition, electric bikes are now being considered a feasible transportation option owing to their power capacity, long-distance range, and moderate speed.
Furthermore, other important factors which help in increasing the demand for electric bike are growing fuel prices and favorable government initiatives. Additionally, the trend present in the electric bike market is because of the pedal assists in bikes are enhancing the growth of the market and anticipated to remain influence positively on the development of the market. Further, it offers benefits such as help in the fitness goals due to pedaling. Many health-conscious people are adopting the paddles to their vehicles to maintain their health. Also, these people preferred electric bike as it helps in reducing harmful gasses like another vehicle that works on petrol or diesel. All these noteworthy factors are projected to contribute to the global Electric Bike market expansion in the coming years.
On the other hand, electric bikes are costly, and developing economies do not have a suitable environment for these bikes, these factors may hamper the growth of the Electric Bike market. Besides this, several players operating in the electric bike market are mainly focusing on the development and improvement of the battery pack to improve their running time and support to the vehicle. Hence this key fact is expected to create lucrative opportunities for the global Electric Bike market.
Covid-19 Impact on Electric Bike 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 Bike Market Segment Overview
According to Battery Type, Lithium-Ion batteries are estimated to hold the maximum share in the global Electric Bike market. This is due to the lithium-ion batteries' several benefits. lithium-ion batteries are eco-friendly, have a better life cycle, and generate more power to weight ratio than other battery types. The effort of electric bike manufacturers to produce lightweight e-bikes has also resulted in the larger adoption of lithium-ion batteries. In addition to this, electric bikes in China were equipped with lead-acid batteries, but owing to government guidelines announced in April 2019, the Chinese market has shifted towards lithium-ion batteries, resulting in a massive spike in demand for lithium-ion batteries in the Asia Pacific region from 2019.
Electric Bike Market, By Battery Type
· Lithium-Ion · Lithium-Ion Polymer · Lead Acid · Others
Electric Bike Market, By Electric Bike Mode
· Pedal Assist Mode · Throttle Mode
Electric Bike Market, By Conversion Kits
· Hub Motor Conversion Kit · All In One Wheel Kit · Mid Drive Conversion Kit
Electric Bike Regional Overview
Based on the region, Asia Pacific is projected to lead the Electric Bike market in the forecast period. In this region, China plays an important role by contributing mostly in terms of revenue. This is because China has launched many initiatives for green transportation and has strict regulations about emissions that drive the electric bike market. Similarly, the increasing demand for an electric bike in countries like Germany, France, Netherlands, and the UK. is projected to boost the market’s growth in Europe.
Electric Bike 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 Bike Market Competitor overview
Some key developments and strategies adopted by manufacturers in Electric Bike are highlighted below.
· In August 2021, Ola Electric launched its first electric scooter, Ola S1, at a price starting from Rs 99,999. The Ola S1 electric scooter would come in two trims -- S1 and S1 Pro -- carrying a price tag of Rs 99,999 and Rs 1,29,999, respectively. The company will officially open Ola S1 for purchase from September 8, and start deliveries across 1,000 cities and towns in October.
· In August 2021, Bharat Forge, the country’s top auto components manufacturer, is set to enter the electric two-wheeler space in alliance with Tork Motors, which is also 49 per cent owned by Bharat Forge. Pune-based EV manufacturer Tork Motors has now met the FAME II regulations, and it is likely that it would be for joint production of upcoming electric motorcycle models. Tork Motors’ T6X model should be eligible for government subsidies as well.
Electric Bike Market, Key Players
· Mahindra & Mahindra Ltd. · Giant Manufacturing Co., Ltd · BionX International Corporation. · Prodecotech, LLC · JIANGSU XINRI E-VEHICLE CO., LTD. · Accell Group N.V. · Pon.Bike · Merida Industry Co., Ltd. · Yamaha Motor Corporation
Electric Bike 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 Bike 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. Lithium-Ion
5.2.2. Lithium-Ion Polymer
5.2.3. Lead Acid
5.2.4. Others
5.3. Market Analysis, Insights and Forecast – By Electric Bike Mode
5.3.1. Pedal Assist Mode
5.3.2. Throttle Mode
5.4. Market Analysis, Insights and Forecast – By Conversion Kits
5.4.1. Hub Motor Conversion Kit
5.4.2. All In One Wheel Kit
5.4.3. Mid Drive Conversion Kit
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America, Middle East and Africa
6. North America Electric Bike 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. Lithium-Ion
6.2.2. Lithium-Ion Polymer
6.2.3. Lead Acid
6.2.4. Others
6.3. Market Analysis, Insights and Forecast – By Electric Bike Mode
6.3.1. Pedal Assist Mode
6.3.2. Throttle Mode
6.4. Market Analysis, Insights and Forecast – By Conversion Kits
6.4.1. Hub Motor Conversion Kit
6.4.2. All In One Wheel Kit
6.4.3. Mid Drive Conversion Kit
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Electric Bike 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. Lithium-Ion
7.2.2. Lithium-Ion Polymer
7.2.3. Lead Acid
7.2.4. Others
7.3. Market Analysis, Insights and Forecast – By Electric Bike Mode
7.3.1. Pedal Assist Mode
7.3.2. Throttle Mode
7.4. Market Analysis, Insights and Forecast – By Conversion Kits
7.4.1. Hub Motor Conversion Kit
7.4.2. All In One Wheel Kit
7.4.3. Mid Drive Conversion Kit
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK
7.5.2. Germany
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia Pacific Electric Bike 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. Lithium-Ion
8.2.2. Lithium-Ion Polymer
8.2.3. Lead Acid
8.2.4. Others
8.3. Market Analysis, Insights and Forecast – By Electric Bike Mode
8.3.1. Pedal Assist Mode
8.3.2. Throttle Mode
8.4. Market Analysis, Insights and Forecast – By Conversion Kits
8.4.1. Hub Motor Conversion Kit
8.4.2. All In One Wheel Kit
8.4.3. Mid Drive Conversion Kit
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. Australia
8.5.5. South East Asia
8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Electric Bike 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. Lithium-Ion
9.2.2. Lithium-Ion Polymer
9.2.3. Lead Acid
9.2.4. Others
9.3. Market Analysis, Insights and Forecast – By Electric Bike Mode
9.3.1. Pedal Assist Mode
9.3.2. Throttle Mode
9.4. Market Analysis, Insights and Forecast – By Conversion Kits
9.4.1. Hub Motor Conversion Kit
9.4.2. All In One Wheel Kit
9.4.3. Mid Drive Conversion Kit
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. Brazil
9.5.2. Saudi Arabia
9.5.3. UAE
9.5.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. Mahindra & Mahindra Ltd.
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
*Similar details will be provided for the following companies
10.5. Giant Manufacturing Co., Ltd
10.6. BionX International Corporation.
10.7. Prodecotech, LLC
10.8. JIANGSU XINRI E-VEHICLE CO., LTD.
10.9. Accell Group N.V.
10.10. Pon.Bike
10.11. Merida Industry Co., Ltd.
List of Figures
Figure 1: Global Electric Bike Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Electric Bike Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Electric Bike Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Electric Bike Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Electric Bike Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Electric Bike Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Electric Bike Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Electric Bike Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Electric Bike Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Electric Bike Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Electric Bike Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Electric Bike Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Electric Bike Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Electric Bike Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Electric Bike Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Electric Bike Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Electric Bike Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Electric Bike Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Electric Bike Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Electric Bike Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Electric Bike Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Electric Bike Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Electric Bike Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Electric Bike Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Electric Bike Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Electric Bike Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Electric Bike Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Electric Bike Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Electric Bike Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Electric Bike Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Electric Bike Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Electric Bike Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Electric Bike Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Electric Bike Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Electric Bike Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Electric Bike Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Electric Bike Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Electric Bike Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Electric Bike Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Electric Bike Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Electric Bike Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Electric Bike Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Electric Bike Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Electric Bike Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Electric Bike Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Electric Bike Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Electric Bike Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Electric Bike Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Electric Bike Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Electric Bike Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Electric Bike Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Electric Bike Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Electric Bike Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Electric Bike Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Electric Bike Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Electric Bike Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Electric Bike Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Electric Bike Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Electric Bike Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Electric Bike Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Electric Bike Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Electric Bike Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Electric Bike Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Electric Bike Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Electric Bike Market Revenue (USD Billion) Forecast, by Country, 2016-2027
