Global Electric Bike Market to reach USD 94.1 billion by 2027,
Global Electric Bike Market valued at approximately USD 40.9 billion in 2020 is anticipated to grow with a healthy growth rate of more than 7.65% over the forecast period 2021-2027.
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Growth Factors:
Electric bike is a bicycle with an integrated electric motor drive mechanism and battery, which produces power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to assist the pedal-power of the rider to more powerful e-bikes that produce power to completely drive the bike using throttle.
Electric bikes are a flexible, versatile, eco-friendly, and trendy mode of transport. Consumers look up to them as an ideal substitute for scooters, smart cars, and public transport. These bikes help tackle traffic congestion, owing to the smaller size of e-bikes, attain higher speed with lesser effort, and health benefits attained with peddling. These factors lead to rise in popularity of electric bikes across the globe.
Factors such as implementation of government regulations to encourage the use of electric bikes, consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, increase in fuel costs, and rise in interest in cycling as a fitness & recreational activity are expected to drive the market growth. However, high cost of e-bikes and ban on use of e-bikes in major cities of China hinder the market growth. Furthermore, improvement in bicycling infrastructure & battery technology is expected to offer lucrative opportunities for the electric bike market growth.
Electric bike market Driving :
Increasing Adoption of Shared Micro-mobility to Augment Growth
The ecology of public transportation includes shared micromobility. As a flexible transportation alternative with minimal operating costs and overhead, shared electric micro-mobility can supplement higher-volume fixed-route transit systems by offering mobility services for numerous trips at a reduced per-traveler price. The North American Bikeshare and Scootershare Association (NABSA) released its annual report on the health of the shared micromobility business in August of 2021. According to the research, North Americans took 83.4 million journeys in shared micromobility cars in 2020, accounting for more than half of all trips in 2019. Over a third of all journeys were made on e-scooters. Pedal bikes and e-bikes accounted for over two-thirds of all travels. Despite all other trip patterns decreasing, the number of e-bike journeys grew from 7 million to nearly 10 million during the COVID-19 epidemic. As a result, the rising consumer acceptability of UBI will propel the electric bike market in the forthcoming years.
Segmentation of Electric Bike Market
Based on battery type, the global electric bike market has been segmented into lithium ion, lithium ion polymer, lead acid, and others. Lithium-Ion batteries have faster charging cycle; therefore, the battery charging time is reduced significantly. Additionally, lithium ion batteries can be built in small and compact cells, thereby boosting the rate of adoption rate of lithium ion batteries. This, in turn, led the lithium ion segment to account for a major share of the global electric bike market.
Based on motor type, the hub motor segment accounted for a significant share of the global electric bike market. The hub motor is available at lower prices as compared to that of mid motor. Furthermore, hub motor assembly is faster and easier as compared to that of mid motor. This led the hub motor segment to account for a major share of the global market in 2020.
Regional analysis:
Rising E-bike Sales to Augment Growth in North America
In 2020, Asia Pacific was worth USD 8.72 billion, with China accounting for the majority of the market share. The dominance is ascribed to factors such as substantial cycling infrastructure in established and emerging nations such as China and Japan, high automobile and public transport congestion, and growing stringency of pollution laws for e-bikes.
The market in Europe is projected to develop significantly. In July 2021, the Heinrich-Böll-Stiftung European Union released the second edition of the European Mobility Atlas. According to the research, electric moped producers and parts are operating in 23 of the EU’s 27 member nations. Roughly 900 small and medium companies (SMEs) employ around 120,000 people and invest more than one billion euros in research and development. The market in North America is also projected to develop rapidly. According to NABSA, the number of bike-share systems that use electric bikes has grown from 28% in 2019 to 44% in 2020. Several cities, including Washington, D.C., New York, and San Francisco, have reduced speed restrictions, blocked automobile lanes, and built dedicated bike lanes. The rise in electric moped sales can be ascribed to these causes.
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Recent report on the Electric Bike market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Electric Bike market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Electric Bike market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Electric Bike market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Electric Bike market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Electric Bike market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Electric Bike market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Electric Bike market is analyzed at both regional and country levels.
Some of the prominent players in the Electric Bike Market include: Accell Group N.V., AIMA Technology, Bionx International Corporation, BMW Group, Butchers & Bicycles, BYVIN, Cezeta, Derby Cycle Holding GmbH, Douze Factory SAS, Energica Motor Company, Giant Manufacturing Co. Lt, Govecs Group, Harley Davidson, Hero Electric, Incalcu Group, Johammer E-Mobility GmbH, KTM AG, Lima Vehicle Industry, Mahindra & Mahindra Ltd., Merida Industry Co. Ltd, NIU International, Panasonic Corporation, Pon Bike, Rad Power Bikes LLC, Riese & Müller GmbH, Shimano Inc., Trek Bicycle Corporation, Tunwal E-bike India Pvt Ltd, Vmoto Limited, Yadea Group Holding Ltd., Yamaha Motor Corporation, and Yuba Electric Cargo Bikes.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Electric Bike Market: Segmentation
- Electric Bike Market, by Mode
- Pedal Assist Mode
- Throttle Mode
- Electric Bike Market, by Class
- Class-1
- Class-2
- Class-3
- Electric Bike Market, by Usage
- Mountain & Trekking
- City/Urban
- Cargo
- Courier & Parcel Service Provider
- Large Retail Supplier
- Personal Transportation
- Waste & Municipal Services
- Others
- Others
- Electric Bike Market, by Motor Type
- Mid Motor
- Hub Motor
- Electric Bike Market, by Battery Type
- Lithium Ion
- Pouch
- Cylindrical
- Prismatic
- Others
- Lithium Ion Polymer
- Lead Acid
- Others
- Lithium Ion
Research Methodology
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Electric Bike market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Electric Bike market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Electric Bike market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why Buy this Report?
The purpose of Nova one advisor’s Electric Bike market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Accell Group N.V. Market, By Mode
7.1. Accell Group N.V. Market, by Mode, 2021-2027
7.1.1. Pedal Assist Mode
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Throttle Mode
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Accell Group N.V. Market, By Class
8.1. Accell Group N.V. Market, by Class, 2021-2027
8.1.1. Class-1
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Class-2
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Class-3
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Accell Group N.V. Market, By Usage
9.1. Accell Group N.V. Market, by Usage, 2021-2027
9.1.1. Mountain & Trekking
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. City/Urban
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Cargo
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Accell Group N.V. Market, By Motor Type
10.1. Accell Group N.V. Market, by Motor Type, 2021-2027
10.1.1. Mid Motor
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Hub Motor
10.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global Accell Group N.V. Market, By Battery Type
11.1. Accell Group N.V. Market, by Battery Type, 2021-2027
11.1.1. Hub Motor
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Pouch
11.1.2.1. Market Revenue and Forecast (2016-2027)
11.1.3. Cylindrical
11.1.3.1. Market Revenue and Forecast (2016-2027)
11.1.4. Prismatic
11.1.4.1. Market Revenue and Forecast (2016-2027)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2016-2027)
Chapter 12.Global Accell Group N.V. Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Mode (2016-2027)
12.1.2. Market Revenue and Forecast, by Class (2016-2027)
12.1.3. Market Revenue and Forecast, by Usage (2016-2027)
12.1.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.1.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, by Mode (2016-2027)
12.1.6.2. Market Revenue and Forecast, by Class (2016-2027)
12.1.6.3. Market Revenue and Forecast, by Usage (2016-2027)
12.1.6.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.1.6.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.1.7. Rest of North America
12.1.7.1. Market Revenue and Forecast, by Mode (2016-2027)
12.1.7.2. Market Revenue and Forecast, by Class (2016-2027)
12.1.7.3. Market Revenue and Forecast, by Usage (2016-2027)
12.1.7.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.1.7.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Mode (2016-2027)
12.2.2. Market Revenue and Forecast, by Class (2016-2027)
12.2.3. Market Revenue and Forecast, by Usage (2016-2027)
12.2.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.2.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, by Mode (2016-2027)
12.2.6.2. Market Revenue and Forecast, by Class (2016-2027)
12.2.6.3. Market Revenue and Forecast, by Usage (2016-2027)
12.2.6.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.2.6.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.2.7. Germany
12.2.7.1. Market Revenue and Forecast, by Mode (2016-2027)
12.2.7.2. Market Revenue and Forecast, by Class (2016-2027)
12.2.7.3. Market Revenue and Forecast, by Usage (2016-2027)
12.2.7.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.2.7.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.2.8. France
12.2.8.1. Market Revenue and Forecast, by Mode (2016-2027)
12.2.8.2. Market Revenue and Forecast, by Class (2016-2027)
12.2.8.3. Market Revenue and Forecast, by Usage (2016-2027)
12.2.8.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.2.8.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.2.9. Rest of Europe
12.2.9.1. Market Revenue and Forecast, by Mode (2016-2027)
12.2.9.2. Market Revenue and Forecast, by Class (2016-2027)
12.2.9.3. Market Revenue and Forecast, by Usage (2016-2027)
12.2.9.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.2.9.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Mode (2016-2027)
12.3.2. Market Revenue and Forecast, by Class (2016-2027)
12.3.3. Market Revenue and Forecast, by Usage (2016-2027)
12.3.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.3.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, by Mode (2016-2027)
12.3.6.2. Market Revenue and Forecast, by Class (2016-2027)
12.3.6.3. Market Revenue and Forecast, by Usage (2016-2027)
12.3.6.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.3.6.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.3.7. China
12.3.7.1. Market Revenue and Forecast, by Mode (2016-2027)
12.3.7.2. Market Revenue and Forecast, by Class (2016-2027)
12.3.7.3. Market Revenue and Forecast, by Usage (2016-2027)
12.3.7.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.3.7.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.3.8. Japan
12.3.8.1. Market Revenue and Forecast, by Mode (2016-2027)
12.3.8.2. Market Revenue and Forecast, by Class (2016-2027)
12.3.8.3. Market Revenue and Forecast, by Usage (2016-2027)
12.3.8.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.3.8.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.3.9. Rest of APAC
12.3.9.1. Market Revenue and Forecast, by Mode (2016-2027)
12.3.9.2. Market Revenue and Forecast, by Class (2016-2027)
12.3.9.3. Market Revenue and Forecast, by Usage (2016-2027)
12.3.9.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.3.9.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Mode (2016-2027)
12.4.2. Market Revenue and Forecast, by Class (2016-2027)
12.4.3. Market Revenue and Forecast, by Usage (2016-2027)
12.4.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.4.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, by Mode (2016-2027)
12.4.6.2. Market Revenue and Forecast, by Class (2016-2027)
12.4.6.3. Market Revenue and Forecast, by Usage (2016-2027)
12.4.6.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.4.6.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.4.7. North Africa
12.4.7.1. Market Revenue and Forecast, by Mode (2016-2027)
12.4.7.2. Market Revenue and Forecast, by Class (2016-2027)
12.4.7.3. Market Revenue and Forecast, by Usage (2016-2027)
12.4.7.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.4.7.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.4.8. South Africa
12.4.8.1. Market Revenue and Forecast, by Mode (2016-2027)
12.4.8.2. Market Revenue and Forecast, by Class (2016-2027)
12.4.8.3. Market Revenue and Forecast, by Usage (2016-2027)
12.4.8.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.4.8.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.4.9. Rest of MEA
12.4.9.1. Market Revenue and Forecast, by Mode (2016-2027)
12.4.9.2. Market Revenue and Forecast, by Class (2016-2027)
12.4.9.3. Market Revenue and Forecast, by Usage (2016-2027)
12.4.9.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.4.9.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Mode (2016-2027)
12.5.2. Market Revenue and Forecast, by Class (2016-2027)
12.5.3. Market Revenue and Forecast, by Usage (2016-2027)
12.5.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.5.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, by Mode (2016-2027)
12.5.6.2. Market Revenue and Forecast, by Class (2016-2027)
12.5.6.3. Market Revenue and Forecast, by Usage (2016-2027)
12.5.6.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.5.6.5. Market Revenue and Forecast, by Battery Type (2016-2027)
12.5.7. Rest of LATAM
12.5.7.1. Market Revenue and Forecast, by Mode (2016-2027)
12.5.7.2. Market Revenue and Forecast, by Class (2016-2027)
12.5.7.3. Market Revenue and Forecast, by Usage (2016-2027)
12.5.7.4. Market Revenue and Forecast, by Motor Type (2016-2027)
12.5.7.5. Market Revenue and Forecast, by Battery Type (2016-2027)
Chapter 13. Company Profiles
13.1. Accell Group N.V.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. AIMA Technology
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Bionx International Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. BMW Group
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Butchers & Bicycles
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. BYVIN
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. BYVIN
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Derby Cycle Holding GmbH
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Douze Factory SAS
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Energica Motor Company
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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