E-Bike Market Synopsis

E-Bike Market Size Was Valued at USD 42.1 Billion in 2023 and is Projected to Reach USD 121.6 Billion by 2032, Growing at a CAGR of 12.5% From 2024-2032.

An electric bike, also known as an e-bike, is a bicycle equipped with an integrated electric motor that assists in propulsion, offering riders a combined human and electric power-driven mode of transportation.

Electrical bikes are one type of mobility that is convenient, effective, sustainable, and fashionable. They are seen as an easily achievable zero-emission substitute for scooters, smart cars, and public transportation. Such bikes assist in addressing traffic congestion problems because electric bikes are relatively small in size, demand higher velocity with lesser exertion, and have health advantages related to pedaling. Such factors cause the increase in the usage of e-bikes in the global market significantly.

Potential demand generated due to an increased inclination of people toward adapting e-bikes eventuating in encouraging environmental impact plays an integral role in the growth of the global market. Secondly, high traffic convection has led to more air & noise pollution and people yearn for a clean healthy environment and better future, this has boosted demand of e-bikes over the conventional ones

• The expansion of the electric bike market share could be halted to numerous optimistic attributes that accompany e-bikes. Electric bikes are a type of transport that is comfortable, versatile, has a minimum impact on the environment, and is trendy. Customers are seeing e-bikes as perfection to scooters, smart cars and public transit for consumers. First of all, e-bikes are smaller than cars, which means that traffic jams will not be as severe with e-bikes, secondly, they can travel longer distances on a single charge and last, but not least, e-bikes have positive effects on our overall health. Based on above parameters it can be summarized that the demand for an electric bike is likely to grow across the onward period.
• There are several factors that are expected to fuel the market for electric bikes, such as the governments spurring up the establishment of formal rules on the usage of e-bikes and buyers’ inclination toward using e-bikes as green & efficient mode of transport. Besides that, future prospects for the electric bike sales are expected to grow due to high fuel costs as well as cycling being viewed as a fitness & recreational activity.
• Public transport users prefer those that have less or no contribution to CO2 emissions and this has led to the preference of other modes of transport. Many opportunities are expected to open up in the electric bike market due to increase in the number of prospects of electric bikes in the transport sector in both the developed and the developing world. The higher usage of new products with better performance, such as lighter weight and longer battery life of e-bikes, is creating new sources of revenue. Electric bike manufacturers are also expanding autos which range from velocity, life undertaking and personality to fulfill with the different need of the ride on their each day urban trip.

E-Bike Market Trend Analysis

Rising adoption of Electric Bike to boost the market growth

• The markets for electric bikes, often known as e-bikes, will grow at a faster pace due to rising usage of shared micro-mobility solutions. Shared micro-mobility is another subsystem within the context of public transportation ecology. Micro morden shared electric, stripped down independent operations with low operating expenses and infrastructure, can support higher-capacity, fixed-route transit operations by providing mobility services for a plethora of trips at a lower per-traveler cost. For example, Mayor Bill de Blasio of New York City announced in December 2020, the DOT has accumulated the construction of 28. 12 new protected bike lanes, totaling 6 lane-miles, across New York City’s five boroughs in the year 2020. Subsequent to this declaration, a total of 1353 lane miles in the city were protected bike lanes and this included approximately 170 miles of streets.
• The combustion of fuel and the consequent release of carbon emissions have long elicited concern from governments and environmentalists alike. This in turn lead to higher sales of electric vehicles, having an impact of a growing market for them. Furthermore, people’s awareness of electric bikes has increased because of the rise in fuel costs, pollution, and traffic jams including those of urban cities on each continent. Also, due to higher operating and maintenance costs of fuela ssisted vehicles, there is a shift in demand from commuters when it comes to choose the right vehicle thus promoting the Electric Bikes market.

Growing Urbanization drive the market

• With urbanization and increasing populations in cities this contribute to the high chance of electric bikes to sell in the market. Electric bikes have been appreciated by many people due to their appropriateness in traffic-congested areas; they enable riders to cover short distances within the shortest time possible. Thirdly, authorities of many cities are investing into cycling’s infrastructure, including bike lanes and bike sharing services, which also contributes to increasing demands on electric bikes.

E-Bike Market Segment Analysis:

E-Bike Market Segmented based on Propulsion Type, Battery Type, and Application.

By Propulsion Type, Pedal Assist segment is expected to dominate the market during the forecast period

• The market is considered based on the category of propulsion: pedal and throttle. The two main segments originally included was the pedal assist segment which had the largest market share because it has longer battery life, requires less servicing, and patrons get to choose from the three to five modes of the pedal assist depending on the model. The throttle segment is expected to achieve a higher CAGR during the course of the forecast period. This segment will be driven by examples like reduced torque output when one wants to accelerate up a hill or when riding at a constant, relatively slow pace. Mountain off-road bikes or all-terrain bikes are said to increase in usage and this will cause throttle propulsion systems to increase in the same proportion.

By Battery Type, , lithium-ion segment held the largest share in 2023

• Lithium-ion is the most widely used and efficient battery for the e-bike. It also has the best balance in total weight and capacity. They provide better quality batteries and reasonable battery power. Lithium-ion batteries outperform lead-acid batteries in that they provide twice the voltage and are three times larger in capacity. This has made the segment the most progressive growth in the market. The lead acid segment formed the second largest market share among all the segments. Determinants like low cost and easy recyclability are credited for this segment’s market dominance.

E-Bike Market Regional Insights:

Asia Pacifi is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific region was the largest market seller of e-bikes, mainly driven by China’s massive contribution. Some of the restraining forces which have been attributed to the supremacy of this market are extensive bicycle infrastructure in developed and growing economies such as China, India, Japan, and high traffic density involving both vehicles and public transport, as well as the mounting legal requirements for emission control of gasoline motorcycle.

Active Key Players in the E-Bike Market

• Giant Bicycle, Inc. (Taiwan)
• Hero Cycles Ltd (India)
• Accell Group (Netherlands)
• Robert Bosch GmbH (Germany)
• Kalkhoff Werke GmbH (Germany)
• Pedego Electric Bikes (U.S.)
• Panasonic Corporation (Japan)
• Mobility Holdings, Ltd. (Tern) (Taiwan)
• Trek Bicycle Corporation (U.S.)
• Shimano Inc. (Japan), Other Active Players

Key Industry Developments in the E-Bike Market:

• In April 2024, Pedego launched its Fat Tire Trike e-bike with three tires and a low-step frame design. It is equipped with PEDALSENSE, propulsion software that provides various riding options, such as throttle drive, torque assist, and cruise assist.
• In January 2024, AIMA Technology Group Co Ltd. and Bafang Electric (Suzhou) Co., Ltd formed a strategic partnership to create a specialized motor called Route 66 for Santa Monica.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: E-Bike Market by Propulsion Type
 4.1 E-Bike Market Snapshot and Growth Engine
 4.2 E-Bike Market Overview
 4.3 Pedal Assist and Throttle
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Pedal Assist and Throttle: Geographic Segmentation Analysis

Chapter 5: E-Bike Market by Battery Type
 5.1 E-Bike Market Snapshot and Growth Engine
 5.2 E-Bike Market Overview
 5.3 Lead Acid
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Lead Acid: Geographic Segmentation Analysis
 5.4 Lithium-ion
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Lithium-ion: Geographic Segmentation Analysis
 5.5 Nickel Metal Hydride
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Nickel Metal Hydride: Geographic Segmentation Analysis
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Geographic Segmentation Analysis

Chapter 6: E-Bike Market by Application
 6.1 E-Bike Market Snapshot and Growth Engine
 6.2 E-Bike Market Overview
 6.3 City
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 City: Geographic Segmentation Analysis
 6.4 Mountain
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Mountain: Geographic Segmentation Analysis
 6.5 Cargo
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Cargo: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 E-Bike Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 NOVARTIS
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 PFIZER
 7.4 FRESENIUS KABI
 7.5 OMEGA
 7.6 ACTAVIS
 7.7 HOSPIRA
 7.8 TEVA
 7.9 DR REDDY`S LABORATORIES
 7.10 SUN PHARMA
 7.11 MERCK
 7.12 ROCHE

Chapter 8: Global E-Bike Market By Region
 8.1 Overview
 8.2. North America E-Bike Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Propulsion Type
   8.2.4.1 Pedal Assist and Throttle
  8.2.5 Historic and Forecasted Market Size By Battery Type
   8.2.5.1 Lead Acid
   8.2.5.2 Lithium-ion
   8.2.5.3 Nickel Metal Hydride
   8.2.5.4 Others
  8.2.6 Historic and Forecasted Market Size By Application
   8.2.6.1 City
   8.2.6.2 Mountain
   8.2.6.3 Cargo
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe E-Bike Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Propulsion Type
   8.3.4.1 Pedal Assist and Throttle
  8.3.5 Historic and Forecasted Market Size By Battery Type
   8.3.5.1 Lead Acid
   8.3.5.2 Lithium-ion
   8.3.5.3 Nickel Metal Hydride
   8.3.5.4 Others
  8.3.6 Historic and Forecasted Market Size By Application
   8.3.6.1 City
   8.3.6.2 Mountain
   8.3.6.3 Cargo
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe E-Bike Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Propulsion Type
   8.4.4.1 Pedal Assist and Throttle
  8.4.5 Historic and Forecasted Market Size By Battery Type
   8.4.5.1 Lead Acid
   8.4.5.2 Lithium-ion
   8.4.5.3 Nickel Metal Hydride
   8.4.5.4 Others
  8.4.6 Historic and Forecasted Market Size By Application
   8.4.6.1 City
   8.4.6.2 Mountain
   8.4.6.3 Cargo
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific E-Bike Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Propulsion Type
   8.5.4.1 Pedal Assist and Throttle
  8.5.5 Historic and Forecasted Market Size By Battery Type
   8.5.5.1 Lead Acid
   8.5.5.2 Lithium-ion
   8.5.5.3 Nickel Metal Hydride
   8.5.5.4 Others
  8.5.6 Historic and Forecasted Market Size By Application
   8.5.6.1 City
   8.5.6.2 Mountain
   8.5.6.3 Cargo
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa E-Bike Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Propulsion Type
   8.6.4.1 Pedal Assist and Throttle
  8.6.5 Historic and Forecasted Market Size By Battery Type
   8.6.5.1 Lead Acid
   8.6.5.2 Lithium-ion
   8.6.5.3 Nickel Metal Hydride
   8.6.5.4 Others
  8.6.6 Historic and Forecasted Market Size By Application
   8.6.6.1 City
   8.6.6.2 Mountain
   8.6.6.3 Cargo
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America E-Bike Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Propulsion Type
   8.7.4.1 Pedal Assist and Throttle
  8.7.5 Historic and Forecasted Market Size By Battery Type
   8.7.5.1 Lead Acid
   8.7.5.2 Lithium-ion
   8.7.5.3 Nickel Metal Hydride
   8.7.5.4 Others
  8.7.6 Historic and Forecasted Market Size By Application
   8.7.6.1 City
   8.7.6.2 Mountain
   8.7.6.3 Cargo
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research