E-Bike Market (By Type: Throttle on demand, Pedelecs, Scooter & motorcycle; By Mechanism: Mid drive, Hub motor, Others; By Battery: Nickel-metal hydride (NiMH), Lithium ion, Lead acid, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027

Acumen Research and Consulting estimates that global E-Bike market is expected to reach the market value of around US$ 40 Bn by 2027 and is anticipated to grow at a CAGR of around 8% in terms of revenue during the forecast period 2020 – 2027.

A standard bicycle with an electric motor, battery and train is an e-bike or an electronic bicycle. The motorcycle can be moved by pedaling or battery charging. They use lead acid batteries primarily and can hold a single charge for long distances. E-bikes are easy to operate and are convenient for all ages and are an economical alternative, compared with motorcycles, as an environmentally friendly mode of transport.

The report provides analysis of global E-Bike market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Insights

The global electric bike market continues to shape a combination of various macroeconomic and microeconomic factors. Consistent technological developments have made the development of eco-friendly, comfortable electric bikes possible. Increasing awareness among consumers about the need to reduce their carbon footprint is also positively influencing demand for electric bikes.

Extended support from the government and the enforcement of stringent rules in different locations has pushed electric bike sales. The concepts of public charging infrastructure and e-bikes rental services are increasing in metro cities, especially in North America and in European countries. Growing research and development activities by many industry players, the development of high-performance new batteries and the growth of high-performance vehicles played an important role in boosting the use of electric bikes. In addition, manufacturers drive electric motorcycle sales through the environmental positioning of their product which not only cuts the air pollution, but also reduces the greenhouse effect significantly as it emits the low emissions from tailpipes.

Electric motorcycles are very expensive and cannot be afforded by everyone. Due to the limited number of charging stations, these motorcycles are often charged because they run on batteries. In addition, it is extremely important that the product is maintained, and that proper charging infrastructure is required. A further key factor in preventing consumers from purchasing electric bikes is the high maintenance cost. 

Regional Stance

Asia Pacific region is anticipated to dominate the market led by China. China's contribution to income in this region is crucial. China has launched several green transport initiatives and has strict emission regulations that drive the electric bike market. Demand in Europe is rising owing to the demand mainly from Germany, France, and the UK. Besides, the Middle East and Africa is also expected to increase.

Report coverage

The market research study on “E-Bike Market (E-Bike Market By Type: Throttle on demand, Pedelecs, Scooter & motorcycle; E-Bike Market By Mechanism: Mid drive, Hub motor, Others; E-Bike Market By Battery: Nickel-metal hydride (NiMH), Lithium ion, Lead acid, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global E-Bike market entailing insights on its different market segments.

Market Challenges  

For the growth of products on the market, the distribution system is vital. An e-bike is a product with advanced technology. It therefore requires sound technological and exclusive distribution channels to provide customers with guidance in order to fulfill their requirements. Unfortunately, in most global markets there are currently a few e-bike distributors. Most stores deal with electric bicycles, but do not have the experience and services to help the growing e-bike industry. Many e-bike manufacturers try to work with independent distributors and large retailers to deliver and provide customers with effective after-sales services.

The global E-Bike market is segmented as below:

Market Segmentation

E-Bike Market By Type

Throttle on demand

Pedelecs

Scooter & motorcycle

E-Bike Market By Mechanism

Mid drive

Hub motor

Others

E-Bike Market By Battery

Nickel-metal hydride (NiMH)

Lithium ion

Lead acid

Others

E-Bike Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Participants include major global players such Accell Group, Fuji-ta Bicycle Co., Ltd, Trek Bicycle Corporation, Giant Manufacturing Co., Ltd., Bionx International Corporation, Derby Cycle, Jiangsu xinri e-vehicle Co., Ltd., Tianjin Golden Wheel Group Co., Ltd., Prodecotech, LLC, Others. 

The largest player on this market is supposed to be Giant Bicycles. The presence of the company is largely concentrated in China, and other important markets are Europe and North America. By incorporating products and new releases, the Company diversifies its product range and strives to continue to lead.