Electric Bicycles Market Size, Share, and Analysis, By Electric Bicycle Type (Pedal Assist/ Pedelecs, Power on Demand, Pedal Assist with Power on Demand), By Battery Type (Sealed Lead Acid, Li-Ion Battery), By Motor Type (Hub Motor, Mid Drive Electric) and Regional Forecasts, 2022-2032
Electric Bicycles Market Size, Share, and Analysis, By Electric Bicycle Type (Pedal Assist/ Pedelecs, Power on Demand, Pedal Assist with Power on Demand), By Battery Type (Sealed Lead Acid, Li-Ion Battery), By Motor Type (Hub Motor, Mid Drive Electric) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Electric Bicycles Market size was USD 21.83 billion in 2021 and projected t%li%grow from USD 27.2 billion in 2023 t%li%USD 74.6 billion by 2032, exhibiting a CAGR of 11.8% during the forecast period.
Electric bicycles, aka eBikes, e-bikes, and more, are motor-powered bicycles with an incorporated electric motor t%li%support propulsion. E-bikes come in a variety of styles, but they are broadly divided int%li%tw%li%groups: those adding a throttle and incorporate moped-like features, sometimes known as pedelecs, and others that d%li%not. Rechargeable batteries power e-bikes, which can normally offer speeds of (16 - 20 mph) 25 - 32 km/h.
MARKET HIGHLIGHTS
Electric Bicycles Market is expected t%li%reach USD 74.6 billion, growing at a CAGR of 11.8% during the forecast period owing t%li%supportive regulations by government and guidelines t%li%promote the use of electric bicycles, augmented fuel prices, and growing awareness for the benefits of cycling (recreational & fitness activity). Also, the adoption of e-bike applications in a number of industries, including e-bike rental services and logistics is anticipated t%li%fuel the Electric Bicycles Market during the forecast period.
Electric Bicycles Market Segments:
Growth Drivers
Rising Initiatives by Governments t%li%Promote the Use of Electric Bikes is Expected t%li%Boost the Market Growth
Growing Use of Connectivity Applications for Driver Safety t%li%Boost the Market Growth
Restraint
Costly E-Bikes and Higher Maintenance of Electric Bicycles t%li%Restrain the Market Growth
Key Players
PRODUCT OVERVIEW
Electric Bicycles Market size was USD 21.83 billion in 2021 and projected t%li%grow from USD 27.2 billion in 2023 t%li%USD 74.6 billion by 2032, exhibiting a CAGR of 11.8% during the forecast period.
Electric bicycles, aka eBikes, e-bikes, and more, are motor-powered bicycles with an incorporated electric motor t%li%support propulsion. E-bikes come in a variety of styles, but they are broadly divided int%li%tw%li%groups: those adding a throttle and incorporate moped-like features, sometimes known as pedelecs, and others that d%li%not. Rechargeable batteries power e-bikes, which can normally offer speeds of (16 - 20 mph) 25 - 32 km/h.
MARKET HIGHLIGHTS
Electric Bicycles Market is expected t%li%reach USD 74.6 billion, growing at a CAGR of 11.8% during the forecast period owing t%li%supportive regulations by government and guidelines t%li%promote the use of electric bicycles, augmented fuel prices, and growing awareness for the benefits of cycling (recreational & fitness activity). Also, the adoption of e-bike applications in a number of industries, including e-bike rental services and logistics is anticipated t%li%fuel the Electric Bicycles Market during the forecast period.
Electric Bicycles Market Segments:
- Electric Bicycle Type
- Pedal Assist/ Pedelecs
- Power on Demand
- Pedal Assist with Power on Demand
- Battery Type
- Sealed Lead Acid
- Li-Ion Battery
- Motor Type
- Hub Motor
- Mid Drive Electric
Growth Drivers
Rising Initiatives by Governments t%li%Promote the Use of Electric Bikes is Expected t%li%Boost the Market Growth
Growing Use of Connectivity Applications for Driver Safety t%li%Boost the Market Growth
Restraint
Costly E-Bikes and Higher Maintenance of Electric Bicycles t%li%Restrain the Market Growth
Key Players
- Yamaha Motor Corporation
- Yadea Group Holdings Ltd
- Trek Bicycle Corporation
- Merida Industry Co. Ltd.
- Accell Group
- Giant Manufacturing Co. Ltd.
- Polarity
- Royal Dutch Gazelle
- Derby Cycle
- Her%li%Lectro
- CSE EV GROUP CO LTD
- Fuji-ta Bicycle Co. Ltd.
- Easy Motion
- Moustache Bikes
- GoZero
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3. Electric Bicycles Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Electric Bicycles Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. ELECTRIC BICYCLES MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. MARKET ANALYSIS
8.1. Porters Five Forces
8.2. PEST Analysis
8.2.1. Political
8.2.2.Economic
8.2.3.Social
8.2.4.Technological
9. ELECTRIC BICYCLES MARKET
9.1. Overview
9.2.Historical Analysis (2016-2021)
9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
10. ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
10.3.1. By Electric Bicycle Type
10.3.1.1.Pedal Assist/ Pedelecs
10.3.1.1.1.By Value (USD Million) 2022-2032F
10.3.1.1.2. Market Share (%) 2022-2032F
10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.2. Power on Demand
10.3.1.2.1. By Value (USD Million) 2022-2032F
10.3.1.2.2.Market Share (%) 2022-2032F
10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.3. Pedal Assist with Power on Demand
10.3.1.3.1. By Value (USD Million) 2022-2032F
10.3.1.3.2.Market Share (%) 2022-2032F
10.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.By Battery Type
10.3.2.1. Sealed Lead Acid
10.3.2.1.1. By Value (USD Million) 2022-2032F
10.3.2.1.2.Market Share (%) 2022-2032F
10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.2.Li-Ion Battery
10.3.2.2.1.By Value (USD Million) 2022-2032F
10.3.2.2.2. Market Share (%) 2022-2032F
10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.3.By Motor Type
10.3.3.1. Hub Motor
10.3.3.1.1. By Value (USD Million) 2022-2032F
10.3.3.1.2.Market Share (%) 2022-2032F
10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.3.2.Mid Drive Electric
10.3.3.2.1.By Value (USD Million) 2022-2032F
10.3.3.2.2. Market Share (%) 2022-2032F
10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
11.NORTH AMERICA ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Electric Bicycle Type
11.3.2. By Battery Type
11.3.3. By Motor Type
11.4.Country
11.4.1. United States
11.4.2.Canada
12. EUROPE ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Electric Bicycle Type
12.3.2.By Battery Type
12.3.3.By Motor Type
12.4. Country
12.4.1.Germany
12.4.2. United Kingdom
12.4.3. France
12.4.4. Italy
12.4.5. Spain
12.4.6. Russia
12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
13. ASIA ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Electric Bicycle Type
13.3.2.By Battery Type
13.3.3.By Motor Type
13.4. Country
13.4.1.India
13.4.2. China
13.4.3. South Korea
13.4.4. Japan
13.4.5. Rest of APAC
14. MIDDLE EAST AND AFRICA ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Electric Bicycle Type
14.3.2.By Battery Type
14.3.3.By Motor Type
14.4. Country
14.4.1.Israel
14.4.2. GCC
14.4.3. North Africa
14.4.4. South Africa
14.4.5. Rest of Middle East and Africa
15. LATIN AMERICA ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Electric Bicycle Type
15.3.2.By Battery Type
15.3.3.By Motor Type
15.4. Country
15.4.1.Mexico
15.4.2. Brazil
15.4.3. Rest of Latin America
16. COMPETITIVE LANDSCAPE
16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders
17. COMPANY PROFILES
17.1.Yamaha Motor Corporation
17.1.1.Company Overview
17.1.2. Financial Overview
17.1.3. Key Product; Analysis
17.1.4.Company Assessment
17.1.4.1.Product Portfolio
17.1.4.2. Key Clients
17.1.4.3. Market Share
17.1.4.4. Recent News & Development (Last 3 Yrs.)
17.1.4.5. Executive Team
17.2. Yadea Group Holdings Ltd
17.3. Trek Bicycle Corporation
17.4. Merida Industry Co. Ltd.
17.5. Accell Group
17.6. Giant Manufacturing Co. Ltd.
17.7. Polarity
17.8. Royal Dutch Gazelle
17.9. Derby Cycle
17.10. Hero Lectro
17.11.CSE EV GROUP CO LTD
17.12. Fuji-ta Bicycle Co. Ltd.
17.13. Easy Motion
17.14. Moustache Bikes
17.15. GoZero
17.16. Other Prominent Players
18. APPENDIX
19. CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3. Electric Bicycles Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Electric Bicycles Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. ELECTRIC BICYCLES MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. MARKET ANALYSIS
8.1. Porters Five Forces
8.2. PEST Analysis
8.2.1. Political
8.2.2.Economic
8.2.3.Social
8.2.4.Technological
9. ELECTRIC BICYCLES MARKET
9.1. Overview
9.2.Historical Analysis (2016-2021)
9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
10. ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
10.3.1. By Electric Bicycle Type
10.3.1.1.Pedal Assist/ Pedelecs
10.3.1.1.1.By Value (USD Million) 2022-2032F
10.3.1.1.2. Market Share (%) 2022-2032F
10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.2. Power on Demand
10.3.1.2.1. By Value (USD Million) 2022-2032F
10.3.1.2.2.Market Share (%) 2022-2032F
10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.3. Pedal Assist with Power on Demand
10.3.1.3.1. By Value (USD Million) 2022-2032F
10.3.1.3.2.Market Share (%) 2022-2032F
10.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.By Battery Type
10.3.2.1. Sealed Lead Acid
10.3.2.1.1. By Value (USD Million) 2022-2032F
10.3.2.1.2.Market Share (%) 2022-2032F
10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.2.Li-Ion Battery
10.3.2.2.1.By Value (USD Million) 2022-2032F
10.3.2.2.2. Market Share (%) 2022-2032F
10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.3.By Motor Type
10.3.3.1. Hub Motor
10.3.3.1.1. By Value (USD Million) 2022-2032F
10.3.3.1.2.Market Share (%) 2022-2032F
10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.3.2.Mid Drive Electric
10.3.3.2.1.By Value (USD Million) 2022-2032F
10.3.3.2.2. Market Share (%) 2022-2032F
10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
11.NORTH AMERICA ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Electric Bicycle Type
11.3.2. By Battery Type
11.3.3. By Motor Type
11.4.Country
11.4.1. United States
11.4.2.Canada
12. EUROPE ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Electric Bicycle Type
12.3.2.By Battery Type
12.3.3.By Motor Type
12.4. Country
12.4.1.Germany
12.4.2. United Kingdom
12.4.3. France
12.4.4. Italy
12.4.5. Spain
12.4.6. Russia
12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
13. ASIA ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Electric Bicycle Type
13.3.2.By Battery Type
13.3.3.By Motor Type
13.4. Country
13.4.1.India
13.4.2. China
13.4.3. South Korea
13.4.4. Japan
13.4.5. Rest of APAC
14. MIDDLE EAST AND AFRICA ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Electric Bicycle Type
14.3.2.By Battery Type
14.3.3.By Motor Type
14.4. Country
14.4.1.Israel
14.4.2. GCC
14.4.3. North Africa
14.4.4. South Africa
14.4.5. Rest of Middle East and Africa
15. LATIN AMERICA ELECTRIC BICYCLES MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Electric Bicycle Type
15.3.2.By Battery Type
15.3.3.By Motor Type
15.4. Country
15.4.1.Mexico
15.4.2. Brazil
15.4.3. Rest of Latin America
16. COMPETITIVE LANDSCAPE
16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders
17. COMPANY PROFILES
17.1.Yamaha Motor Corporation
17.1.1.Company Overview
17.1.2. Financial Overview
17.1.3. Key Product; Analysis
17.1.4.Company Assessment
17.1.4.1.Product Portfolio
17.1.4.2. Key Clients
17.1.4.3. Market Share
17.1.4.4. Recent News & Development (Last 3 Yrs.)
17.1.4.5. Executive Team
17.2. Yadea Group Holdings Ltd
17.3. Trek Bicycle Corporation
17.4. Merida Industry Co. Ltd.
17.5. Accell Group
17.6. Giant Manufacturing Co. Ltd.
17.7. Polarity
17.8. Royal Dutch Gazelle
17.9. Derby Cycle
17.10. Hero Lectro
17.11.CSE EV GROUP CO LTD
17.12. Fuji-ta Bicycle Co. Ltd.
17.13. Easy Motion
17.14. Moustache Bikes
17.15. GoZero
17.16. Other Prominent Players
18. APPENDIX
19. CONSULTANT RECOMMENDATION
