Electric Bike Market by Product Type (Pedal Assist and Throttle), by Motor (Hub motor, Mid drive, and Others), by Battery Type (Lead Acid, Lithium-ion, Nickel-metal Hydride (NiMH), and Others) by Battery Capacity (Less than 250Wh, 250Wh to 449Wh, 450Wh to 649Wh, 650Wh and above), and by Usage (Mountain/Trekking, City/Urban, Cargo and Others) – Global Opportunity Analysis and Industry Forecast, 2024 – 2030
Industry: Automotive & Transportation | Publish Date: 18-Feb-2025 | No of Pages: 825 | No. of Tables: 708 | No. of Figures: 653 | Format: PDF | Report Code : AT325
Market Definition:
The global Electric Bike Market size was valued at USD 45.75 billion in 2021 and is predicted to reach USD 109.53 billion by 2030, with a CAGR of 10.21% from 2022-2030.
Electric bikes or e-bikes are pedelecs, scooters, motorcycles, and other battery-powered bikes, that are equipped with an electric motor for propulsion. E-bikes can be partially pedaled or fully propelled by electric power, depending on their configuration. E-bikes help reduce carbon footprints and are efficient commuting solutions. Increasing global warming, drastic climate change, and escalating air pollution levels, emphasize the need to switch from conventional fuels to renewable fuels, thereby propelling global electric bike market growth.
Market Dynamics and Trends
The global electric bike market is proliferating due to increasing consumer preferences for eco-friendly, conserving energy-conserving, and fuel-efficient commuting solutions that create a lower impact on the environment.
Furthermore, factors such as inclination toward healthy lifestyles, growing fitness trends, and increasing preference for recreational activities, specifically in youth, are expected to supplement the growth of the industry, throughout the forecast period.
However, the high cost of e-bikes, low battery capacity, and higher maintenance requirements, are expected to impede the growth of the global industry during the forecast period. Moreover, government regulations supporting the usage of e-bikes, increasing investment in R&D activities, growing trend of all-terrain e-bikes for commuting, and recreational activities in remote areas, are to create several lucrative opportunities in the global market, in the coming future.
Market Segmentations and Scope of the Study:
The global electric bike market share has been analyzed based on product type, component, battery Type, battery capacity, conversion kit, application, and geography. Based on product type, the market is segmented into pedal assist, pedelecs and throttle on demand. Based on the conversion, the market is divided into hub motor, mid-drive, and others. Based on battery, the market is fragmented into lead acid, lithium-ion, nickel-metal hydride (NiMH), and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America region is expected to grow with the highest CAGR values in the global electric bike industry, accounting for a moderate market share, throughout the forecast period. This is due to the higher adoption of e-bikes, stringent emission standards, and a higher inclination towards fitness-oriented culture in this region.
Asia Pacific dominated the global electric bike market, but this trend is expected to slowly change during the forecast period due to the ban on e-bikes in certain regions of China. Moreover, the growing fitness trend, presence of key manufacturers, and increasing consumer awareness towards eco-friendly transport solutions are to boost the growth of the industry in the coming future.
Competitive Landscape
The electric bike market is highly competitive and consists of various market players. Some of the major market players include Derby Bicycle, AIMA Ebike, Giant Bicycles, Aventon Bikes, Trek Bicycle Corporation, Yamaha Motor Corporation, MERIDA BIKES, Yadea, Accell Group, Riese & Müller GmbH, Pedego Electric Bikes, Rad Power Bikes Inc., Fuji Bikes, Robert Bosch GmbH, Blix Electric Bikes. The key players are employing strategies such as product launches, acquisition, and technical collaboration, in order to gain a stronger position in the global industry. For instance, in January 2020, Nawa Technologies, one of the ruling companies in the global market, launched its hybrid electric motorcycle, called ‘Nawa Racer’ at the Consumer Electronics Show organized in Las Vegas. The battery-powered e-bike designed to range up to 300 km, is equipped with Nawa’s ultracapacitor which is 10 times more powerful and 5 times more energy efficient than conventional capacitors.
In February 2020, Toyota Motors, one of the giants in the global electric bike market, announced a collaboration to develop Prismatic batteries for electric vehicles. In this strategic partnership, Toyota owns 51% of the stake and Panasonic owns 49% of the stake. Prismatic batteries offer a compact size, and reduced footprint and it is a cost-effective alternative to conventional fuel.
In May 2020, Volta, a website that specializes in coverage of e-bikes, reviewed Giant’s electric bike ‘REIGN E+ PRO’ as “trail-crushing long-travel fun with top-shelf componentry.” Giant’s e-bike built with flawless geometry and equipped with a sync-drive pro motor, delivers 250 watts and 80Nm torque, assisting the rider to climb up the steep even in the lowest battery mode.
Key Benifits
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The electric bike market report provides a quantitative analysis of the current market and estimations through 2022-2030 that assist in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the electric bike market trend including the current and future trends for depicting the prevalent investment pockets in the market.
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The report provides detailed information related to key drivers, restraints, opportunities, and their impact on the electric bike market.
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The report incorporates a competitive analysis of the market players along with their market share in the global electric bike market.
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The SWOT analysis and Porters’ Five Forces model is elaborated in the study of the electric bike market.
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Value chain analysis in the electric bike market study provides a clear picture of the stakeholders’ roles.
Electric Bike Market Key Segments
By Product Type
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Pedal Assist
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Throttle
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Pedelecs
By Component
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Battery
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Electric Motors
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Motor Controller
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Frame with Fork
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Others
By Battery Type
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Lead Acid
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Lithium Ion
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Nickel-Metal Hydride (NiMH)
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Others
By Battery Capacity
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Below 250 W
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251 W to 450W
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451 W to 650 W
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Above 650 W
By Conversion Kit
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Hub Motor
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Mid Drive
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Others
By Application
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Trekking
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Cargo
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Others
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Spain
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Italy
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Netherlands
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Denmark
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Finland
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Norway
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Sweden
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Russia
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Rest of Europe
-
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Asia-Pacific
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China
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Japan
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India
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South Korea
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Australia
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Indonesia
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Singapore
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Taiwan
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Thailand
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Rest of Asia-Pacific
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Rest of World
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Latin America
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Middle East
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Africa
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Key Players:
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Derby Bicycle
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AIMA Ebike
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Giant Bicycles
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Aventon Bikes
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Trek Bicycle Corporation
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Yamaha Motor Corporation
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MERIDA BIKES
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Yadea
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Accell Group
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Riese & Müller GmbH
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Pedego Electric Bikes
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Rad Power Bikes Inc.
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Fuji Bikes
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Robert Bosch GmbH
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Blix Electric Bikes
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2021–2030 |
|
Base Year Considered |
2021 |
|
Forecast Period |
2022–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Product Type (Pedelecs, Throttle on demand, and Scooter & motorcycle), by Drive Mechanism (Hub motor, Mid drive, and Others), By Battery Type (Lead acid, Lithium ion, Nickel-metal hydride (NiMH), and Others) |
|
Countries Covered |
28 |
|
Companies Profiled |
15 |
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