The global E-bike market size is expected to be worth around US$ 120,657 million by 2030, according to a new report by Vision Research Reports.
The global E-bike market size was valued at US$ 41,312 million in 2020 and is projected to grow at a CAGR of 11.5% during forecast period 2021 to 2030.
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Apart from increasing consumer preference toward recreational and adventure activities, the adoption of e-bike applications in several sectors, like logistics and e-bike rental services, is expected to drive the market studied, during the forecast period.
E-bike Market (By Class: class-I, class-II, class-III; By Speed: up to 25 km/h, 25-45 km/h; By Battery Type: lithium-ion, lithium-ion polymer, lead acid, others; By Motor Type: Hub, mid; By Mode: Pedal assist, Throttle; By Components: Batteries, Electric Motors, Frame with Fork, Wheels, Crank Gears, Brake Systems, Others; By Usage: Mountain/trekking, City/urban, Cargo) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 120,657 million by 2030 |
| Growth Rate | CAGR of 11.5% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Class, Speed, Battery Type, Motor Type, Mode, Components, Usage, Ownership |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Accell Group N.V. (Netherlands),Pon.Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), Yamaha Motor Corporation (Japan). |
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.
The region, India, Japan, South Korea, and Taiwan are potential markets owing to the increasing e-bike sales in these countries. The mountain e-bike is expected to account for a significant share of the ebike market during the forecast period due to its robustness and high-performance design. Class I e-bike is expected to be the largest market during the forecast period as countries such as China, Japan, South Korea, and Taiwan allow only class-I e-bikes as they are without throttle assist and have a maximum speed of 25 Km/h.
Government regulations and lack of infrastructure
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.
Growing popularity of e-MTB. And High Cost of e-bikes
High cost of e-bikes is a major factor that restrains the growth of the E-bikes market. The cost of the battery and technology makes e-bikes costlier as compared to traditional bicycles, conventional scooters, or motorcycles. Hence, consumers find conventional scooters or motorcycles superior in performance with same or less price.
Trend towards connected e-bikes and Improvement in bicycling infrastructure & battery technology
Some of the important features offered by the connected e-bike include automatic emergency calls, integrated navigation, social media connection, anti-theft system, and remote diagnostics. Bosch is one of the major players in the e-bike market, offering connected electric bike solutions.
E-bikes are less expensive than cars, do not require license, and can be used on existing bicycling infrastructure. Rapid urbanization and less preference of consumers to use cars due to increased traffic congestion are anticipated to offer lucrative opportunities for market expansion. In addition, governments of various countries focus on the development of infrastructure for e-bikes, including bicycle tracks and public charging stations with the inclination of consumers toward e-bikes.
Technology Challenges
The two most fundamental elements of the e-bike are the motor and battery. The motor provides the force, and the battery stores and supplies the energy. Controlling the speed and torque of the motor across a wide range of speed and load conditions is one of the challenges for ebike manufacturers.
The main challenges in encouraging growth in the global e-bike market lie in designing a smart battery. E-bikes must travel long distances in a short period. This places tremendous pressure on their batteries which have limited capacity for storing energy. There is also another challenge of designing e-bikes that would work with and be responsive to apps on mobile devices.
The mountain/trekking e-bike segment is estimated to be the fastest-growing segment during the forecast period
The lithium ion battery segment is projected to lead the electric bike market
The lithium ion battery segment, by battery type is the largest segment as lithium-ion batteries are preferred in e-bikes presently. These batteries are smaller in size, long-lasting, and have more power-to-weight ratio than other batteries.
Asia Pacific is estimated to be the largest market in 2021
Asia Pacific is anticipated to lead the e-bike market during the forecast period due to the high sales of e-bikes in the region. According to MarketsandMarkets analysis, in terms of volume, Asia Pacific contributed about ~88% to the global electric bike market in 2020 by volume.
The European region accounted for approximately 39 % of the e-bike market. The European region was dominated by Germany, followed by France and Italy.
In Germany, e-bike is a preferred mode of commute. E-bikes are also used in this country for sports and leisure. They serve as a clean, quiet, and space-saving alternative for city logistics, in the country.
Key Players
Market Segmentation
By Class
By Speed
By Battery Type
By Motor Type
By Mode
By Components
By Usage
By Region
Table of Contents
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 E-bike Market, By Class
7.1. E-bike Market, by Class, 2021-2030
7.1.1. Class I
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Class II
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Class III
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global E-bike Market, By Speed
8.1. E-bike Market, by Speed, 2021-2030
8.1.1. up to 25 km/h
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. 25-45 km/h
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global E-bike Market, By Battery Type
9.1. E-bike Market, by Battery Type, 2021-2030
9.1.1. lithium-ion
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. lithium-ion polymer
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. lead acid
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. and others
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global E-bike Market, By Motor Type
10.1. E-bike Market, by Motor Type, 2021-2030
10.1.1. Hub
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Mid
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global E-bike Market, By Mode
11.1. E-bike Market, by Mode, 2021-2030
11.1.1. Pedal assist
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Throttle
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global E-bike Market, By Components
12.1. E-bike Market, by Components, 2021-2030
12.1.1. Batteries
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Electric Motors
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Frame with Fork
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Wheels
12.1.4.1. Market Revenue and Forecast (2017-2030)
12.1.5. Crank Gears
12.1.5.1. Market Revenue and Forecast (2017-2030)
12.1.6. Brake Systems
12.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global E-bike Market, By Usage
13.1. E-bike Market, by Usage, 2021-2030
13.1.1. Mountain/trekking
13.1.1.1. Market Revenue and Forecast (2017-2030)
13.1.2. City/urban
13.1.2.1. Market Revenue and Forecast (2017-2030)
13.1.3. Cargo
13.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 14. Global E-bike Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Class (2017-2030)
14.1.2. Market Revenue and Forecast, by Speed (2017-2030)
14.1.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.1.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.1.5. Market Revenue and Forecast, by Mode (2017-2030)
14.1.6. Market Revenue and Forecast, by Usage (2017-2030)
14.1.7. Market Revenue and Forecast, by Components (2017-2030)
14.1.8. U.S.
14.1.8.1. Market Revenue and Forecast, by Class (2017-2030)
14.1.8.2. Market Revenue and Forecast, by Speed (2017-2030)
14.1.8.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.1.8.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.1.8.5. Market Revenue and Forecast, by Mode (2017-2030)
14.1.8.6. Market Revenue and Forecast, by Usage (2017-2030)
14.1.8.7. Market Revenue and Forecast, by Components (2017-2030)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Class (2017-2030)
14.1.9.2. Market Revenue and Forecast, by Speed (2017-2030)
14.1.9.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.1.9.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.1.9.5. Market Revenue and Forecast, by Mode (2017-2030)
14.1.9.6. Market Revenue and Forecast, by Usage (2017-2030)
14.1.9.7. Market Revenue and Forecast, by Components (2017-2030)
14.2. Europe
14.2.1. Market Revenue and Forecast, by Class (2017-2030)
14.2.2. Market Revenue and Forecast, by Speed (2017-2030)
14.2.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.2.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.2.5. Market Revenue and Forecast, by Mode (2017-2030)
14.2.6. Market Revenue and Forecast, by Usage (2017-2030)
14.2.7. Market Revenue and Forecast, by Components (2017-2030)
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Class (2017-2030)
14.2.8.2. Market Revenue and Forecast, by Speed (2017-2030)
14.2.8.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.2.8.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.2.8.5. Market Revenue and Forecast, by Mode (2017-2030)
14.2.8.6. Market Revenue and Forecast, by Usage (2017-2030)
14.2.8.7. Market Revenue and Forecast, by Components (2017-2030)
14.2.9. Germany
14.2.9.1. Market Revenue and Forecast, by Class (2017-2030)
14.2.9.2. Market Revenue and Forecast, by Speed (2017-2030)
14.2.9.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.2.9.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.2.9.5. Market Revenue and Forecast, by Mode (2017-2030)
14.2.9.6. Market Revenue and Forecast, by Usage (2017-2030)
14.2.9.7. Market Revenue and Forecast, by Components (2017-2030)
14.2.10. France
14.2.10.1. Market Revenue and Forecast, by Class (2017-2030)
14.2.10.2. Market Revenue and Forecast, by Speed (2017-2030)
14.2.10.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.2.10.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.2.10.5. Market Revenue and Forecast, by Mode (2017-2030)
14.2.10.6. Market Revenue and Forecast, by Usage (2017-2030)
14.2.10.7. Market Revenue and Forecast, by Components (2017-2030)
14.2.11. Rest of Europe
14.2.11.1. Market Revenue and Forecast, by Class (2017-2030)
14.2.11.2. Market Revenue and Forecast, by Speed (2017-2030)
14.2.11.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.2.11.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.2.11.5. Market Revenue and Forecast, by Mode (2017-2030)
14.2.11.6. Market Revenue and Forecast, by Usage (2017-2030)
14.2.11.7. Market Revenue and Forecast, by Components (2017-2030)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Class (2017-2030)
14.3.2. Market Revenue and Forecast, by Speed (2017-2030)
14.3.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.3.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.3.5. Market Revenue and Forecast, by Mode (2017-2030)
14.3.6. Market Revenue and Forecast, by Usage (2017-2030)
14.3.7. Market Revenue and Forecast, by Components (2017-2030)
14.3.8. India
14.3.8.1. Market Revenue and Forecast, by Class (2017-2030)
14.3.8.2. Market Revenue and Forecast, by Speed (2017-2030)
14.3.8.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.3.8.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.3.8.5. Market Revenue and Forecast, by Mode (2017-2030)
14.3.8.6. Market Revenue and Forecast, by Usage (2017-2030)
14.3.8.7. Market Revenue and Forecast, by Components (2017-2030)
14.3.9. China
14.3.9.1. Market Revenue and Forecast, by Class (2017-2030)
14.3.9.2. Market Revenue and Forecast, by Speed (2017-2030)
14.3.9.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.3.9.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.3.9.5. Market Revenue and Forecast, by Mode (2017-2030)
14.3.9.6. Market Revenue and Forecast, by Usage (2017-2030)
14.3.9.7. Market Revenue and Forecast, by Components (2017-2030)
14.3.10. Japan
14.3.10.1. Market Revenue and Forecast, by Class (2017-2030)
14.3.10.2. Market Revenue and Forecast, by Speed (2017-2030)
14.3.10.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.3.10.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.3.10.5. Market Revenue and Forecast, by Mode (2017-2030)
14.3.10.6. Market Revenue and Forecast, by Usage (2017-2030)
14.3.10.7. Market Revenue and Forecast, by Components (2017-2030)
14.3.11. Rest of APAC
14.3.11.1. Market Revenue and Forecast, by Class (2017-2030)
14.3.11.2. Market Revenue and Forecast, by Speed (2017-2030)
14.3.11.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.3.11.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.3.11.5. Market Revenue and Forecast, by Mode (2017-2030)
14.3.11.6. Market Revenue and Forecast, by Usage (2017-2030)
14.3.11.7. Market Revenue and Forecast, by Components (2017-2030)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Class (2017-2030)
14.4.2. Market Revenue and Forecast, by Speed (2017-2030)
14.4.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.4.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.4.5. Market Revenue and Forecast, by Mode (2017-2030)
14.4.6. Market Revenue and Forecast, by Usage (2017-2030)
14.4.7. Market Revenue and Forecast, by Components (2017-2030)
14.4.8. GCC
14.4.8.1. Market Revenue and Forecast, by Class (2017-2030)
14.4.8.2. Market Revenue and Forecast, by Speed (2017-2030)
14.4.8.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.4.8.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.4.8.5. Market Revenue and Forecast, by Mode (2017-2030)
14.4.8.6. Market Revenue and Forecast, by Usage (2017-2030)
14.4.8.7. Market Revenue and Forecast, by Components (2017-2030)
14.4.9. North Africa
14.4.9.1. Market Revenue and Forecast, by Class (2017-2030)
14.4.9.2. Market Revenue and Forecast, by Speed (2017-2030)
14.4.9.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.4.9.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.4.9.5. Market Revenue and Forecast, by Mode (2017-2030)
14.4.9.6. Market Revenue and Forecast, by Usage (2017-2030)
14.4.9.7. Market Revenue and Forecast, by Components (2017-2030)
14.4.10. South Africa
14.4.10.1. Market Revenue and Forecast, by Class (2017-2030)
14.4.10.2. Market Revenue and Forecast, by Speed (2017-2030)
14.4.10.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.4.10.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.4.10.5. Market Revenue and Forecast, by Mode (2017-2030)
14.4.10.6. Market Revenue and Forecast, by Usage (2017-2030)
14.4.10.7. Market Revenue and Forecast, by Components (2017-2030)
14.4.11. Rest of MEA
14.4.11.1. Market Revenue and Forecast, by Class (2017-2030)
14.4.11.2. Market Revenue and Forecast, by Speed (2017-2030)
14.4.11.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.4.11.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.4.11.5. Market Revenue and Forecast, by Mode (2017-2030)
14.4.11.6. Market Revenue and Forecast, by Usage (2017-2030)
14.4.11.7. Market Revenue and Forecast, by Components (2017-2030)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Class (2017-2030)
14.5.2. Market Revenue and Forecast, by Speed (2017-2030)
14.5.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.5.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.5.5. Market Revenue and Forecast, by Mode (2017-2030)
14.5.6. Market Revenue and Forecast, by Usage (2017-2030)
14.5.7. Market Revenue and Forecast, by Components (2017-2030)
14.5.8. Brazil
14.5.8.1. Market Revenue and Forecast, by Class (2017-2030)
14.5.8.2. Market Revenue and Forecast, by Speed (2017-2030)
14.5.8.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.5.8.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.5.8.5. Market Revenue and Forecast, by Mode (2017-2030)
14.5.8.6. Market Revenue and Forecast, by Usage (2017-2030)
14.5.8.7. Market Revenue and Forecast, by Components (2017-2030)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Class (2017-2030)
14.5.9.2. Market Revenue and Forecast, by Speed (2017-2030)
14.5.9.3. Market Revenue and Forecast, by Battery Type (2017-2030)
14.5.9.4. Market Revenue and Forecast, by Motor Type (2017-2030)
14.5.9.5. Market Revenue and Forecast, by Mode (2017-2030)
14.5.9.6. Market Revenue and Forecast, by Usage (2017-2030)
14.5.9.7. Market Revenue and Forecast, by Components (2017-2030)
Chapter 15. Company Profiles
15.1. Accell Group
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Derby Cycle
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Fuji-ta Bicycle Co., Ltd.
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Giant Manufacturing Co., Ltd.
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Jiangsu Xinri E-Vehicle Co., Ltd.
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Mahindra & Mahindra Ltd. (GenZe)
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Prodecotech, LLC
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Tianjin Golden Wheel Group Co., Ltd.
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Trek Bicycle Corporation
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Yamaha Motor Co. Ltd.
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
Glossary of Terms
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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