Key Highlights
• An e-bike is a bicycle with an electric motor and a battery that can assist the rider and remove some of the stress of pedalling. Compared to conventional bicycles, electric bicycles allow users to ride longer distances and generally without fatigue. It is a better option for users with limited mobility and is less expensive than traveling by car. Technological advances in batteries, motors and bicycle components have resulted in the use of e-bikes, which are efficient, environmentally friendly and easy ways to travel. The Electric Bicycle is reliable and environmentally friendly. They are also a good mode of transport because they combine the comfort of a car with the pleasure of driving, making it particularly suitable for recreational activities. Electric bicycles are quiet, do not emit carbon, provide affordable transportation, save space and promote health. The growth of the market is mainly driven by health awareness, increasing environmental concerns, and increased traffic and government initiatives promoting cycling.
• The market size of the worldwide E-bikes Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In December 2022, hero Motors and Yamaha Motor Co. Signed an agreement to build a "Global Company E-Cycle Drive Unit" in Ludhiana's Hero E-Cycle Valley. The 100-acre Hero E-Cycle Valley now produces traditional and e-bikes for the cycling world, as well as cycling accessories such as wheels, aluminum frames and bars. It will also produce HYM motor vehicles with an annual capacity of 1 million units.
• The rise in gasoline prices over the past decade has led more people to cycle for their daily commute. The increase in oil prices is a result of the increase in the price of crude oil, which is predominantly controlled by the Organization of the Petroleum Exporting Countries (OPEC) countries. For example, demand to start with famine in September 2021 sent the price of gasoline up to $79 per barrel. Also, prices are expected to increase in the future due to the availability of some crude oil sources. Also, the government is developing the charging system for e-bikes. In addition, the organization contributes to the overall cost-effectiveness of e-bikes by providing incentives, programs and grants. Therefore, considering its benefits and environmental protection, consumers are showing more interest in using electric bicycles. Bicycles equipped with an electric motor help provide better speed and ride better on rough roads. Therefore, the increase in fuel prices should encourage consumers to use electric bicycles, thus leading to the growth of the electric bicycle market.
Scope of the Industry Profile
Key Players
• Accell Group (Netherlands)
• Derby Cycle (Europe)
• Fuji-ta Bicycle Co. Ltd. (China)
• Giant Manufacturing Co. Ltd. (Taiwan)
• Jiangsu Xinri E-Vehicle Co. Ltd. (China)
• Mahindra & Mahindra Ltd. (GenZe) (India)
• Prodecotech LLC (US)
• Tianjin Golden Wheel Group Co., Ltd. (China)
• Trek Bicycle Corporation (US)
• Yamaha Motor Co. Ltd. (Japan)
Segmentation
By Class
• Class 1
• Class 2
• Class 3
By Hub Motor Location
• Mid Drive Hub Motor
• Rear Hub Motor
• Front Hub Motor
By Battery Type
• Lithium-ion
• Nickel Metal Hydride (NiMH)
• Lead Acid
• Other Batteries
By Component
• Battery
• Electric Motor
• Frame with Fork
• Wheels
• Crank Gear
• Brake System
• Motor Controller
What to Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the E-Bikes market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global E-Bikes market.
3. Leading company profiles reveal details of key E-Bikes market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global E-Bikes market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In December 2022, hero Motors and Yamaha Motor Co. Signed an agreement to build a "Global Company E-Cycle Drive Unit" in Ludhiana's Hero E-Cycle Valley. The 100-acre Hero E-Cycle Valley now produces traditional and e-bikes for the cycling world, as well as cycling accessories such as wheels, aluminum frames and bars. It will also produce HYM motor vehicles with an annual capacity of 1 million units.
• In October 2022, Hero Lectro, the electric bike of Hero Cycles Ltd. has launched two new e-bike models in India: H3 and H5. In addition, the IP67 lithium-ion 5.8Ah tube battery can be fully charged in 4 hours and has a range of up to 30 km on a single charge.
• In August 2022, Pon Holdings and Porsche announce their e-bike joint venture. Porsche E-Bike Performance GmbH near Munich will develop the entire e-bike system, including the motor, battery and connection software. Stuttgart-based P2 eBike will use this technology to create the next generation of Porsche e-bikes. However, the company plans to sell the third bike in
• In January 2022, Giant Bikes has partnered with the BikeExchange-Jayco team to bring the world bike market back to UCI World Tour level competition.
Segment Insights
By Battery Type
Lithium-ion is the most popular type of battery and is ideal for e-bikes. It has the perfect combination of overall weight and capacity. They offer higher cell efficiency and greater battery capacity. Lithium-ion batteries have twice the voltage and three times the capacity of lead-acid batteries. This makes this segment the fastest in the market. The lead acid segment is the second largest market. Features such as low cost and ease of recycling have ensured this segment's dominance in the market.
By Class
The Class 1 segment has the largest market share due to its long battery life, low maintenance and users can choose from three to five types of pedal assists depending on the model. The throttling segment is expected to have a high YBBO over the forecast period. Factors such as reducing effort in activities such as climbing or sailing will contribute to the growth of this segment. Increasing use of mountain bikes will lead to the development of throttle drive systems.
Regional Insights
The Asia Pacific region dominates the global market, and China accounts for the majority of the e-bike market. Factors such as the widespread use of bicycles in developed and developing countries such as China, India and Japan, the heavy traffic in automobiles and public transportation vehicles, and the increase in emission regulations for gasoline motorcycles have led to the formation of an industry in this field. Europe is expected to exhibit significant growth in the coming years. In July 2021, the European Union's Heinrich Bohr Foundation published the second edition of the European Mobile Atlas. The report shows that e-vehicle companies and their products operate in 23 of the EU's 27 member states. There are approximately 900 small and medium-sized enterprises (SMEs) that directly and indirectly employ approximately 120,000 people and invest more than US$ 1.09 billion in research and development. Sixty percent of e-bikes sold in the EU are also manufactured in Europe, with sales expected to reach 13.5 million by 2030, according to the report. The North American region is also expected to witness good growth during the forecast period. According to NABSA, bike sharing systems using e-bikes will grow from 28% in 2019 to 44% in 2020. Many cities, including Washington, DC, New York and San Francisco, have eased restrictions and closed some roads. , and add a dash of effort to both wheels. These factors are due to the increasing use of e-bikes in the region.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 E-BIKES MARKET OVERVIEW, BY CLASS
6.1 Global Market Revenue & Share Analysis, By Class
6.1.1 Class 1
6.1.2 Class 2
6.1.3 Class 3
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 E-BIKES MARKET OVERVIEW, BY HUB MOTOR
LOCATION
7.1 Global Market Revenue & Share Analysis, By Hub Motor
Location
7.1.1 Mid Drive Hub Motor
7.1.2 Rear Hub Motor
7.1.3 Front Hub Motor
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 E-BIKES MARKET OVERVIEW, BY BATTERY
TYPE
8.1 Global Market Revenue & Share Analysis, By Battery Type
8.1.1 Lithium-ion
8.1.2 Nickel Metal Hydride (NiMH)
8.1.3 Lead Acid
8.1.4 Other Batteries
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 E-BIKES MARKET
OVERVIEW, BY COMPONENT
9.1 Global Market Revenue & Share Analysis, By Component
9.1.1 Battery
9.1.2 Electric Motor
9.1.3 Frame with Fork
9.1.4 Wheels
9.1.5 Crank Gear
9.1.6 Brake System
9.1.7 Motor Controller
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 E-BIKES MARKET OVERVIEW, BY REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET ANALYSIS
11.1 North America Market Revenue & Share Analysis, By Class
11.2 North America Market Revenue & Share Analysis, By Hub
Motor Location
11.3 North America Market Revenue & Share Analysis, By Battery
Type
11.4 North America Market Revenue & Share Analysis, By
Component
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Class
12.2 Europe Market Revenue & Share Analysis, By Hub Motor
Location
12.3 Europe Market Revenue & Share Analysis, By Battery Type
12.4 Europe Market Revenue & Share Analysis, By Component
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Class
13.2 APAC Market Revenue & Share Analysis, By Hub Motor
Location
13.3 APAC Market Revenue & Share Analysis, By Battery Type
13.4 APAC Market Revenue & Share Analysis, By Component
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Class
14.2 MEA Market Revenue & Share Analysis, By Hub Motor Location
14.3 MEA Market Revenue & Share Analysis, By Battery Type
14.4 MEA Market Revenue & Share Analysis, By Component
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Class
15.2 SA Market Revenue & Share Analysis, By Hub Motor Location
15.3 SA Market Revenue & Share Analysis, By Battery Type
15.4 SA Market Revenue & Share Analysis, By Component
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Product Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 Accell Group (Netherlands)
17.2.1.1 Business Overview
17.2.1.2 Product Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Product Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 Derby Cycle (Europe)
17.2.3 Fuji-ta Bicycle Co. Ltd. (China)
17.2.4 Giant Manufacturing Co. Ltd. (Taiwan)
17.2.5 Jiangsu Xinri E-Vehicle Co. Ltd. (China)
17.2.6 Mahindra & Mahindra Ltd. (GenZe) (India)
17.2.7 Prodecotech LLC (US)
17.2.8 Tianjin Golden Wheel Group Co., Ltd. (China)
17.2.9 Trek Bicycle Corporation (US)
17.2.10 Yamaha Motor Co. Ltd. (Japan)
18 DISCLAIMER
19 APPENDIX
