Key Highlights

• Smart electric smart electric bicycles combine advanced technology, combining the environmental protection of electricity with intelligent functions to improve riding. These smart electric bicycles often have electric motors and rechargeable batteries that provide pedal assistance, allowing riders to cover long distances with ease. What sets them apart from others is the integration of smart features like GPS tracking, smartphone connectivity, and health monitoring. Passengers can track their route, get real-time information about speed and battery, and even adjust location via the mobile app. Some models may have safety features such as automatic lights, anti-theft and collision avoidance systems. Smart smart electric bicycles represent a combination of sustainable transportation and modern connectivity, promoting efficiency, convenience and technology for urban travel. An smart electric bicycle is a bicycle with a motor and battery that can assist the rider and relieve some of the stress of pedaling. Compared to traditional bicycles, smart electric bicycles allow users to cycle long distances and frequently without getting tired. For users with limited mobility, they are cheaper and better options than traveling by car. Advances in battery, motor and bicycle technology have led to increased use of electric bicycles, making them more efficient, environmentally friendly and easier to travel with.

• The market size of the worldwide Smart Electric Bicycle Industry surpassed USD XX Billion in 2023, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.

• December 2022: Hero Motors and Yamaha Motor Co. It has signed an agreement to set up a "global E-Cycle Drive Unit company" at the Hero E-Cycle Valley in Ludhiana. The 100-acre Hero E-Cycle Valley now produces conventional and smart electric bicycles, as well as cycling accessories such as alloy wheels, aluminum frames and handlebars, for global bicycle OEMs. In addition, HYM will also produce drive systems with an annual production capacity of 1 million units.

• The rise in fuel prices over the last decade has led to more people using bicycles as a means of transportation every day. The increase in oil prices is due to the increase in crude oil prices, which is controlled by the countries of the Organization of Petroleum Exporting Countries (OPEC). For example, in September 2021, high demand for cars combined with shortage caused the price of crude oil to reach $79 per barrel. Additionally, prices are expected to increase in the future due to the availability of some crude oil resources. The government is also developing a suitable charging system for smart electric bicycles. Additionally, the organization provides incentives, programs and grants to increase the overall cost-effectiveness of smart electric bicycles. Therefore, considering the environmental benefits and safety, consumers are increasingly choosing to use electric bicycles. Bicycles equipped with an electric motor help control speed more efficiently and make riding on difficult roads easier. Therefore, the increase in fuel prices will encourage consumers to use smart electric bicycles, leading to the growth of the smart electric bicycle market.

Scope of the Industry Profile

Key Players

• Accell Group (Netherlands)

• Derby Cycle (Germany)

• 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 Battery Capacity

• Up to 250 W

• 250 to 450 W

• 450 to 650 W

• Above 650 W

By Class

• Class 1

• Class 2

• Class 3

By Propulsion Type

• Pedal Assisted

• Speed Pedaler

• Throttle Assisted

• Other Types

By Battery Type

• Lithium-Ion Battery

• Nickel Metal Hydride Battery (NiMH)

• Lead Acid Battery

• Nickel-Cadmium Battery (NiCd)

• Solid State Battery

• Other Batteries

By Application

• Commuting

• Cargo Delivery

• Mountain Smart electric bicycle & Trekking

• Leisure Activities

• Other Applications

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 Smart Electric Bicycle market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Smart Electric Bicycle market.

3. Leading company profiles reveal details of key Smart Electric Bicycle 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 Smart Electric Bicycle market with forecast for decade by both market share (%) & revenue (USD Million).

Recent Development

• October 2022: Hero Lectro, the smart electric bicycle division of Hero Cycles Ltd., has launched two new smart electric bicycle models in India: H3 and H5. The new smart electric bicycle has industry-first features for the Indian market, including a smart LED display and a high-torque 250W BLDC rear hub motor. It has a maximum speed of 25 km/h. Additionally, the IP67 lithium-ion 5.8Ah tubular battery can be fully charged in 4 hours and has a range of up to 30 km on a single charge.

• August 2022: Pon Holdings and Porsche announce joint venture for smart electric bicycles. Porsche Smart electric bicycle Performance GmbH near Munich will develop the entire smart electric bicycle system, including the motor, battery and connectivity software. Stuttgart-based P2 eSmart electric bicycle will use this technology to create the next generation of Porsche smart electric bicycles. But the company also wants to sell the smart electric bicycles to third parties

Segment Insights

By Battery Type

The demand for lithium-ion battery-powered smart smart electric bicycles is driven by many factors, especially the increasing global importance of efficient transportation. Lithium-ion batteries have high energy density, provide long range and save energy, which is important for smart electric bicycles. Environmental awareness among consumers, combined with government initiatives to promote clean energy, has increased the reputation of smart smart electric bicycles. Bicycles provide a comfortable and environmentally friendly method of travel while eliminating concerns about urban pollution and traffic congestion. Additionally, the integration of smart features such as GPS tracking, smartphone connectivity and advanced battery management provides full power and meets the passenger's current needs. With the pace of urbanization and the increasing demand for efficient and green transportation, smart electric bicycles with lithium-ion batteries have emerged as a smart solution that directs the needs in changing urban transportation.

By Application

The demand for mid-sized mountain smart electric bicycle helmets is mainly due to their versatility and wide appeal. These helmets fit most riders and will fit average head sizes and shapes. Their popularity stems from their ability to adapt to different groups of mountain smart electric bicyclers and provide a comfortable and secure fit for many users. The mid-size helmet is also ideal for many types of riding, from cross-country running to mountain biking, making it a top choice for riders participating in a variety of activities. This change, combined with a focus on safety and comfort, has increased demand for mid-range smart electric bicycles among riders of various skill levels and interests.

Regional Insights

From a regional perspective, Asia-Pacific is the leading global market, with China accounting for most of the smart electric bicycle market. Factors such as the widespread use of bicycles in developed and developing countries such as China, India and Japan, heavy traffic accidents in automobiles and public transportation, and regulations to limit the use of more electricity in gasoline-powered motorcycles have led to work in this field. Europe is expected to experience significant growth in the coming years. The European Union's Heinrich Bohr Foundation published the second edition of the European Mobile Atlas in July 2021. The report shows that smart electric bicycle manufacturers and their products are active in 23 of the 27 EU member states. Approximately 900 small and medium-sized enterprises (SMEs) employ approximately 120,000 people directly and indirectly, and more than US$1.09 billion is invested in R&D. According to the report, 60% of electric smart electric bicycles sold in the EU are also produced in Europe, and sales are expected to reach around 13.5 million units by 2030.North America is also expected to show good growth in the forecast period. According to NABSA, smart electric bicycle-share systems deploying smart electric bicycles increased from 28% in 2019 to 44% in 2020. Several cities, such as Washington, D.C., New York, and San Francisco, have lowered speed limits, closed certain roads to traffic, and added dedicated lanes for two-wheelers. These factors are attributed to elevate smart electric bicycle use in this region.