E-Bike Market

E-Bike Market by Class (Class-I, II & III), Battery (Li-Ion, Li-Ion Polymer, Lead Acid, Other), Motor (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed (<25 & 25-45 kmph) and Region - Global Forecast to 2027

Report Code: AT 6958 Dec, 2020, by marketsandmarkets.com

[184 Pages Report] The global e-bike market size is projected to grow to USD 70.0 billion by 2027 from USD 41.1 billion in 2020, at a CAGR of 7.9%. Government support and initiatives to increase the sale of e-Bike would drive the global e-Bike industry.

E-Bike Market

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Covid-19 Impact

Due to the COVID-19 pandemic, commuters are mostly avoiding public transportation. E-bikes are considered a safe, convenient, and affordable alternative to public transportation. Also, compared to other transportation systems, e-bikes are cheaper, easier to charge, and do not require huge investments in supportive infrastructure. This is estimated to boost the sales of e-bikes in 2020 and 2021. However, post-2021, the market is expected to return to normalcy.

The sale of e-bikes was dampened in the first quarter of 2020, as e-bike stores were closed due to lockdowns. However, now that the lockdown has been lifted in most countries, including China, India, Japan, the US, Italy, and France, the sale of e-bikes has increased. The number of e-bike buyers has also increased for the first time. According to industry experts and e-bike manufacturers, such as Rad Power Bike, VanMoof, and Lectric e-bike, e-bikes are increasingly considered an ideal transportation mode as cities emerge from the quarantine and summer approaches in the US and Europe.

The e-bike market is estimated to observe a huge boost in sales post-COVID-19 in 2021. However, post-2021, the market would return to normalcy. The demand for e-bikes would grow at a moderate rate, considering the return of safer public and private transportation systems, such as metros, buses, and cab/ride-sharing platforms.

Market Dynamics

Driver: Positive impact of COVID-19 on e-bike sales globally

Rapid urbanization and traffic congestion in cities are among the factors expected to drive the demand for e-bikes over the forecast period. Due to the COVID-19 pandemic, shared mobility for transportation is unlikely to be preferred. E-bikes are considered a safe, convenient, and affordable alternative to public transportation. Most countries are working toward boosting e-bikes using both subsidies and regulatory changes to reduce the stress on public transportation systems. Also, compared to other transportation systems, e-bikes are cheaper, easier to charge, and do not require huge investments in supportive infrastructure. Therefore, an increase in demand for e-bikes is being observed.

Restraints: International trade policies and regulations

Due to Europe's anti-dumping policy, the region was impacted initially as it could not meet the demand for components. However, to overcome this impact, Europe diverted its focus towards developing countries and increased its imports from Turkey, Indonesia, Taiwan, and Thailand, to fulfill the demand for e-bikes and related components. Due to the trade war between the US and China, e-bike sales were impacted in the US between 2018 and 2019. However, in November 2019, a new agreement was signed between the US and China to end the e-bike trade war. The end of the trade war will boost the sale of e-bikes in the US.

Opportunity: Trend towards connected e-Bikes

With the growing popularity of e-bikes, there are technological advancements in the field of e-bikes. The connected e-bike is one such advancement, wherein the SIM module enables the e-bike to send and receive data to and from the cloud without a connected smartphone. Some of the important features offered by the connected e-bike include automatic emergency call, integrated navigation, social media connection, an anti-theft system, and remote diagnostics. Bosch is one of the major players in the e-bike market, offering connected e-bike solution. For instance, SmartphoneHub by Bosch can connect e-bikes to a smartphone and support the riders before and after their journey. The Lock premium function by Bosch also transforms the Kiox connected onboard computer into the key for greater security. Nyon from Bosch determines the pedaling force and frequency during the journey and uses this information to calculate the cyclist’s performance and energy consumption. On platforms such as komoot, which is integrated into the COBI.Bike app, millions of users can exchange information with each other and discover new routes with recommendations and tips from the community.

Challenges: 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 motor's speed and torque across a wide range of speed and load conditions is one of the challenges for e-bike manufacturers. With the finite amount of stored energy available in a battery, the battery capacity must get used as efficiently as possible. An increase in the battery size would increase the capacity, increasing the weight of the e-bike. Therefore, determining the right battery capacity in terms of operation and range would be important for battery manufacturers. Also, consumers are very technology-oriented with devices such as smartphones and tablets. Therefore, e-bike manufacturers are faced with the challenge of providing functionality and intelligence in e-bikes that would be compatible with smartphones and tablets at a minimum amount of power, either through a dedicated onboard device or by providing connectivity to the smartphone or tablet.

Lithium-Ion batteries are estimated to hold the largest share in the e-Bike market

The lithium-ion battery segment is estimated to account for the largest share of the e-bike market due to lithium-ion batteries' various benefits. For instance, lithium-ion batteries are eco-friendly, have a better life cycle, and generate more power to weight ratio than other battery types. These batteries have also shown a sharp decline in price in recent years. The effort of e-bike manufacturers to produce lightweight e-bikes has also resulted in the higher adoption of lithium-ion batteries. E-bikes in China were equipped with lead acid batteries. However, due to government regulations announced in April 2019, the Chinese market has shifted towards lithium-ion batteries, resulting in a huge spike in demand for lithium-ion batteries in the Asia Pacific region from 2019.

Mid-motor is expected to be the fastest-growing market segment

The majority of the European and North American e-bike manufacturers are shifting from hub to mid motors due to mid motors’ advantages, such as smaller size, lighter weight, lesser noise, and seamless integration with bike frames. Therefore, the mid-motor segment is projected to register a higher CAGR during the forecast period.

E-Bike Market   by Region

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Asia Pacific is expected to account for the largest market during the forecast period

Asia Pacific is expected to be the largest market for e-bikes during the forecast period. In this region, China, Japan, India, and Taiwan are potential markets due to increasing e-bike sales in these countries.

Key Market Players

Some of the key players in the e-Bike market are Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan). Accell Group N.V. has adopted the agreement/collaboration/acquisition and new product development strategies to enter new markets, expand its product offerings, and broaden its customer base in emerging markets to keep itself aligned with its competitors.

Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value (USD Million) and Volume (Million Units)

Segments Covered

Class, Usage, Battery, Speed, Motor, Motor, Mode, and region

Geographies Covered

Asia Pacific, Europe, North Americas,

Companies Covered

Key players in the e-Bike market are Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan). Additionally, the report covers 15 other players.

This research report categorizes the e-Bike market based on class, usage, battery, speed, motor, mode, and region.

By Class

  • Class-I
  • Class-II
  • Class-III

By Usage

  • Mountain/Trekking
  • City/Urban
  • Cargo
  • Others

By Battery

  • Lithium-Ion
  • Lithium-Ion Polymer
  • Lead Acid
  • Others

By Speed

  • Up to 25 KMPH
  • 25-45 KMPH

By Motor

  • Mid Motor
  • Hub Motor

By Mode

  • Pedal Assist Mode
  • Throttle Mode

By Region

  • Asia Pacific
  • North Americas
  • Europe

Recent Developments

  1. In October 2020, Pedego Electric Bikes opened a Pedego Electric Bikes store in Boca Raton, Florida, which offers a full range of e-Bike sales, rentals, services, and accessories.
  2. In October 2020, Giant Manufacturing launched the new Trance X Advanced Pro 29, a full-composite trail bike with updated Maestro rear suspension and a new flip-chip feature that allows riders to adjust frame geometry.
  3. In September 2020, Sparta (a subsidiary of Accell Group N.V.) announced d-Burst, a powerful new speed pedelec. Sparta is focusing on a whole new target group through the introduction of its d-series (distance series), namely, commuters cycling between their home and workplace. The d-Burst is available as both an e-Bike and a speed pedelec with a total capacity of no less than 1125 Wh.
  4. In November 2019, Pon.Bike acquired the Dutch e-cargo bike brand Urban Arrow for an undisclosed sum.
  5. In January 2018, Trek Bicycle Corporation partnered with Tome and Ford's software company for cycling safety. The partnership is meant to create an AI-based Bicycle-to-Vehicle (B2V) communication system. This will help riders to get safety alerts

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 OBJECTIVES
    1.2 MARKET DEFINITION
           TABLE 1 CLASS-I: E-BIKE REGULATION
                    TABLE 2 CLASS-II: E-BIKE REGULATION
           TABLE 3 CLASS-III: E-BIKE REGULATION
    1.3 INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE
           FIGURE 1 MARKET SEGMENTATION: E-BIKE MARKET
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           FIGURE 3 RESEARCH METHODOLOGY MODEL
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES FOR E-BIKE SALE/MARKET SIZING
           2.2.2 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
           2.3.2 PRIMARY PARTICIPANTS
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH - BY REGION & CLASS
           FIGURE 5 BOTTOM-UP APPROACH: E-BIKE MARKET, BY REGION & CLASS
           2.4.2 TOP-DOWN APPROACH - BY BATTERY, MOTOR, MODE, AND USAGE
                    FIGURE 6 TOP-DOWN APPROACH: E-BIKE MARKET, BY BATTERY
                    FIGURE 7 TOP-DOWN APPROACH: E-BIKE MARKET, BY MODE
                    FIGURE 8 TOP-DOWN APPROACH: E-BIKE MARKET, BY MOTOR
                    FIGURE 9 TOP-DOWN APPROACH: E-BIKE MARKET, BY COMPONENT
                    FIGURE 10 TOP-DOWN APPROACH: E-BIKE MARKET, BY USAGE
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 11 DATA TRIANGULATION
    2.6 ASSUMPTIONS & RISK ASSESSMENT
           TABLE 4 ASSUMPTIONS & RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 37)
    3.1 PRE- & POST-COVID-19 SCENARIO
           FIGURE 12 PRE- & POST-COVID-19 SCENARIO: E-BIKE MARKET, 2018–2025 (MILLION UNITS)
           TABLE 5 E-BIKE MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (USD MILLION)
    3.2 REPORT SUMMARY
           FIGURE 13 E-BIKE MARKET, BY REGION, 2020 VS. 2027 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 40)
    4.1 ATTRACTIVE OPPORTUNITIES IN E-BIKE MARKET
           FIGURE 14 POSITIVE IMPACT OF COVID-19 ON E-BIKE SALES GLOBALLY
    4.2 E-BIKE MARKET, BY MODE
           FIGURE 15 PEDAL ASSIST MODE ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE THAN THROTTLE MODE, BY VALUE, IN 2020
    4.3 E-BIKE MARKET, BY MOTOR
           FIGURE 16 MID MOTOR PROJECTED TO REGISTER HIGHER CAGR THAN HUB MOTOR DURING FORECAST PERIOD
    4.4 E-BIKE MARKET, BY CLASS
           FIGURE 17 CLASS-1 SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2020
    4.5 E-BIKE MARKET, BY USAGE
           FIGURE 18 MOUNTAIN/TREKKING IS PROJECTED TO BE THE LARGEST USAGE SEGMENT IN TERMS OF VALUE BY 2027
    4.6 E-BIKE MARKET, BY BATTERY
           FIGURE 19 LITHIUM-ION SEGMENT TO LEAD E-BIKE MARKET, BY VALUE, DURING FORECAST PERIOD
    4.7 E-BIKE MARKET, BY SPEED
           FIGURE 20 UP TO 25 KMPH SEGMENT ESTIMATED TO LEAD E-BIKE MARKET IN 2020
    4.8 E-BIKE MARKET, BY REGION
           FIGURE 21 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF E-BIKE MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 44)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 22 E-BIKE: MARKET DYNAMICS
    5.3 DRIVER
           5.3.1 POSITIVE IMPACT OF COVID-19 ON E-BIKE SALES GLOBALLY
                    FIGURE 23 PRE-COVID-19 AND POST COVID-19 MARKET SCENARIO ANALYSIS 2018–2025 (MILLION UNITS)
           5.3.2 GOVERNMENT SUPPORT & INITIATIVES TO INCREASE THE SALE OF E-BIKES
                    TABLE 6 GOVERNMENT INITIATIVES FOR INFRASTRUCTURE, BY COUNTRY
           5.3.3 GROWING POPULARITY OF E-MTB
    5.4 RESTRAINTS
           5.4.1 INTERNATIONAL TRADE POLICIES AND REGULATIONS
           5.4.2 GOVERNMENT REGULATIONS AND LACK OF INFRASTRUCTURE
    5.5 OPPORTUNITIES
           5.5.1 TREND TOWARDS CONNECTED E-BIKES
    5.6 CHALLENGES
           5.6.1 TECHNOLOGY CHALLENGES
           5.6.2 HIGH COST OF E-BIKE
    5.7 E-BIKE MARKET SCENARIO
           FIGURE 24 E-BIKE MARKET SCENARIO, 2018-2027 (USD MILLION)
           5.7.1 MOST LIKELY SCENARIO
                    TABLE 7 MOST LIKELY SCENARIO: E-BIKE MARKET, BY REGION, 2018–2027 (USD MILLION)
           5.7.2 LOW IMPACT SCENARIO
                    TABLE 8 LOW IMPACT SCENARIO: E-BIKE MARKET, BY REGION, 2018–2027 (USD MILLION)
           5.7.3 HIGH IMPACT SCENARIO
                    TABLE 9 HIGH IMPACT SCENARIO: E-BIKE MARKET, BY REGION, 2018–2027 (USD MILLION)
    5.8 SUPPLY CHAIN
           FIGURE 25 E-BIKE MARKET: SUPPLY CHAIN ANALYSIS
    5.9 TECHNOLOGY OVERVIEW
           5.9.1 MOTOR DRIVE TECHNOLOGY
           5.9.2 BATTERY TECHNOLOGY
           5.9.3 USAGE ANALYSIS
    5.1 AVERAGE SELLING PRICE ANALYSIS
           TABLE 10 AVERAGE SELLING PRICE ANALYSIS, BY REGION, 2019 (USD)
    5.11 TRADE ANALYSIS
                    TABLE 11 E-BIKE IMPORT, BY COUNTRY, 2018-2019 (UNITS)
                    TABLE 12 BICYCLE COMPONENT IMPORT FROM TAIWAN TO CHINA, 2019
    5.12 PATENT ANALYSIS
                    TABLE 13 IMP0RTANT INNOVATIONS & PATENT REGISTRATIONS, 2013-2020
    5.13 REGULATORY LANDSCAPE
                    TABLE 14 EU: E-BIKE REGULATIONS
                    TABLE 15 CHINA: E-BIKE REGULATIONS
                    TABLE 16 INDIA: E-BIKE REGULATIONS
                    TABLE 17 JAPAN: E-BIKE REGULATIONS
                    TABLE 18 US: E-BIKE REGULATION

6 E-BIKE MARKET, BY CLASS (Page No. - 59)
    6.1 INTRODUCTION
           6.1.1 RESEARCH METHODOLOGY
           6.1.2 PRIMARY INSIGHTS
           6.1.3 ASSUMPTION
                    FIGURE 26 E-BIKE MARKET, BY CLASS, 2020 VS 2027 (USD MILLION)
                    TABLE 19 E-BIKE MARKET SIZE, BY CLASS, 2018–2027 (MILLION UNITS)
                    TABLE 20 E-BIKE MARKET SIZE, BY CLASS, 2018–2027 (USD MILLION)
    6.2 CLASS-I
           TABLE 21 CLASS-I: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 22 CLASS-I: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
    6.3 CLASS-II
           TABLE 23 CLASS-II: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 24 CLASS-II: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
    6.4 CLASS-III
           TABLE 25 CLASS-III: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 26 CLASS-III: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)

7 E-BIKE MARKET, BY SPEED (Page No. - 65)
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 PRIMARY INSIGHTS
           7.1.3 ASSUMPTION
                    FIGURE 27 E-BIKE MARKET, BY SPEED, 2020 VS 2027 (USD MILLION)
                    TABLE 27 E-BIKE MARKET SIZE, BY SPEED, 2018–2027 (MILLION UNITS)
                    TABLE 28 E-BIKE MARKET SIZE, BY SPEED, 2018–2027 (USD MILLION)
    7.2 UP TO 25 KMPH
           TABLE 29 UP TO 25 KMPH: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 30 UP TO 25 KMPH: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
    7.3 25-45 KMPH
           TABLE 31 25-45 KMPH: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 32 25-45 KMPH: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)

8 E-BIKE MARKET, BY BATTERY (Page No. - 70)
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 PRIMARY INSIGHTS
           8.1.3 ASSUMPTIONS
                    FIGURE 28 E-BIKE MARKET, BY BATTERY, 2020 VS 2027 (USD MILLION)
                    TABLE 33 E-BIKE MARKET SIZE, BY BATTERY, 2018–2027 (MILLION UNITS)
                    TABLE 34 E-BIKE MARKET SIZE, BY BATTERY, 2018–2027 (MILLION USD)
    8.2 LITHIUM-ION
           TABLE 35 LITHIUM-ION: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 36 LITHIUM-ION: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
    8.3 LITHIUM-ION POLYMER
           TABLE 37 LITHIUM-ION POLYMER: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 38 LITHIUM-ION POLYMER: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
    8.4 LEAD ACID
           TABLE 39 LEAD ACID: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 40 LEAD ACID: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
    8.5 OTHER BATTERY TYPES
           TABLE 41 OTHER BATTERIES MARKET FOR E-BIKE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 42 OTHER BATTERIES MARKET FOR E-BIKE, BY REGION, 2018–2027 (USD MILLION)

9 E-BIKE MARKET, BY MOTOR (Page No. - 77)
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 PRIMARY INSIGHTS
           9.1.3 ASSUMPTION
                    FIGURE 29 E-BIKE MARKET, BY MOTOR, 2020 VS 2027 (USD MILLION)
                    TABLE 43 E-BIKE MARKET SIZE, BY MOTOR, 2018–2027 (MILLION UNITS)
                    TABLE 44 E-BIKE MARKET SIZE, BY MOTOR, 2018–2027 (USD MILLION)
    9.2 HUB MOTOR
           TABLE 45 HUB MOTOR MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 46 HUB MOTOR MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
    9.3 MID MOTOR
           TABLE 47 MID MOTOR MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
           TABLE 48 MID MOTOR MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)

10 E-BIKE MARKET, BY USAGE (Page No. - 82)
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 PRIMARY INSIGHTS
             10.1.3 ASSUMPTION
                       FIGURE 30 E-BIKE MARKET, BY USAGE, 2020 VS 2027 (USD MILLION)
                       TABLE 49 E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                       TABLE 50 E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
     10.2 MOUNTAIN/TREKKING
               TABLE 51 MOUNTAIN/TREKKING: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 52 MOUNTAIN/TREKKING: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     10.3 1CITY/URBAN
               TABLE 53 CITY/URBAN: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 54 CITY/URBAN: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     10.4 CARGO
               TABLE 55 CARGO: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 56 CARGO: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     10.5 OTHERS
               TABLE 57 OTHERS: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 58 OTHERS: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)

11 E-BIKE MARKET, BY MODE (Page No. - 90)
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 PRIMARY INSIGHTS
             11.1.3 ASSUMPTION
                       FIGURE 31 E-BIKE MARKET, BY MODE, 2020 VS 2027 (USD MILLION)
                       TABLE 59 E-BIKE MARKET SIZE, BY MODE, 2018–2027 (MILLION UNITS)
                       TABLE 60 E-BIKE MARKET SIZE, BY MODE, 2018–2027 (USD MILLION)
     11.2 PEDAL ASSIST
               TABLE 61 PEDAL ASSIST: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 62 PEDAL ASSIST: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     11.3 THROTTLE
               TABLE 63 THROTTLE: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 64 THROTTLE: E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)

12 E-BIKE MARKET, BY COMPONENT (Page No. - 95)
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTION
                       FIGURE 32 E-BIKE MARKET, BY COMPONENT, 2020 VS 2027 (USD MILLION)
                       TABLE 65 E-BIKE MARKET SIZE, BY COMPONENT, 2018–2027 (MILLION UNITS)
                       TABLE 66 E-BIKE MARKET SIZE, BY COMPONENT, 2018–2027 (USD MILLION)
     12.2 BATTERY
               TABLE 67 BATTERY MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 68 BATTERY MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     12.3 ELECTRIC MOTOR
               TABLE 69 ELECTRIC MOTOR MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 70 ELECTRIC MOTOR MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     12.4 FRAME WITH FORK
               TABLE 71 FRAME WITH FORK MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 72 FRAME WITH FORK MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     12.5 WHEEL
               TABLE 73 WHEEL MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 74 WHEEL MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     12.6 CRANK GEAR
               TABLE 75 CRANK GEAR MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 76 CRANK GEAR MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     12.7 BRAKE SYSTEM
               TABLE 77 BRAKE SYSTEM MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
               TABLE 78 BRAKE SYSTEM MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)

13 E-BIKE MARKET, BY REGION (Page No. - 104)
     13.1 INTRODUCTION
             13.1.1 RESEARCH METHODOLOGY
             13.1.2 ASSUMPTION
                       FIGURE 33 E-BIKE MARKET, BY REGION, 2020 VS 2027 (USD MILLION)
                       TABLE 79 E-BIKE MARKET SIZE, BY REGION, 2018–2027 (MILLION UNITS)
                       TABLE 80 E-BIKE MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     13.2 ASIA PACIFIC
               FIGURE 34 ASIA PACIFIC: E-BIKE MARKET SNAPSHOT
               TABLE 81 ASIA PACIFIC: E-BIKE MARKET SIZE, BY COUNTRY, 2018–2027 (MILLION UNITS)
               TABLE 82 ASIA PACIFIC: E-BIKE MARKET SIZE, BY COUNTRY, 2018–2027 (USD MILLION)
             13.2.1 CHINA
                       13.2.1.1 Increasing trend of adventure activities to boost mountain/trekking e-bike market
                                   TABLE 83 CHINA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 84 CHINA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.2.2 JAPAN
                       13.2.2.1 Increasing demand for city/urban e-bikes to boost overall e-bike sales
                                   TABLE 85 JAPAN: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 86 JAPAN: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.2.3 INDIA
                       13.2.3.1 Demand for city/urban e-bikes expected to witness rapid growth
                                   TABLE 87 INDIA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 88 INDIA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.2.4 SOUTH KOREA
                       13.2.4.1 Cargo e-bikes expected to witness fastest growth
                                   TABLE 89 SOUTH KOREA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 90 SOUTH KOREA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.2.5 TAIWAN
                       13.2.5.1 City/urban e-bikes account for largest market share by usage
                                   TABLE 91 TAIWAN: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 92 TAIWAN: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
     13.3 EUROPE
               TABLE 93 EUROPE: E-BIKE MARKET SIZE, BY COUNTRY, 2018–2027 (MILLION UNITS)
               TABLE 94 EUROPE: E-BIKE MARKET SIZE, BY COUNTRY, 2018–2027 (USD MILLION)
             13.3.1 GERMANY
                       13.3.1.1 Mountain/trekking e-bikes expected to account for largest market share by usage
                                   TABLE 95 GERMANY: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 96 GERMANY: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.3.2 NETHERLANDS
                       13.3.2.1 Increase in sports and leisure activities boost mountain/trekking e-bike sales
                                   TABLE 97 NETHERLANDS: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 98 NETHERLANDS: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.3.3 FRANCE
                       13.3.3.1 Government incentives on purchase of cargo e-bikes
                                   TABLE 99 FRANCE: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 100 FRANCE: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.3.4 UK
                       13.3.4.1 Awareness campaign to encourage e-bike usage for transportation
                                   TABLE 101 UK: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 102 UK: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.3.5 AUSTRIA
                       13.3.5.1 Increasing demand for mountain/trekking e-bikes
                                   TABLE 103 AUSTRIA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 104 AUSTRIA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.3.6 ITALY
                       13.3.6.1 Mountain/trekking e-bikes expected to be largest market
                                   TABLE 105 ITALY: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 106 ITALY: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.3.7 BELGIUM
                       13.3.7.1 Government initiatives toward infrastructure development to support sales of e-bikes
                                   TABLE 107 BELGIUM: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 108 BELGIUM: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.3.8 SWITZERLAND
                       13.3.8.1 Mountain/trekking e-bikes expected to be largest market
                                   TABLE 109 SWITZERLAND: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 110 SWITZERLAND: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
     13.4 NORTH AMERICA
               TABLE 111 NORTH AMERICA: E-BIKE MARKET SIZE, BY COUNTRY, 2018–2027 (MILLION UNITS)
               TABLE 112 NORTH AMERICA: E-BIKE MARKET SIZE, BY COUNTRY, 2018–2027 (USD MILLION)
             13.4.1 US
                       13.4.1.1 Growing popularity of off-road mountain biking expected to boost sales of mountain/trekking e-bikes
                                   TABLE 113 US: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 114 US: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)
             13.4.2 CANADA
                       13.4.2.1 Government incentives for purchase of e-bikes
                                   TABLE 115 CANADA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (MILLION UNITS)
                                   TABLE 116 CANADA: E-BIKE MARKET SIZE, BY USAGE, 2018–2027 (USD MILLION)

14 RECOMMENDATION (Page No. - 126)

15 COMPETITIVE LANDSCAPE (Page No. - 127)
     15.1 OVERVIEW
     15.2 E-BIKE MARKET: MARKET SHARE ANALYSIS, 2019
               FIGURE 35 E-BIKE: MARKET SHARE ANALYSIS, 2019
     15.3 MARKET EVOLUTION FRAMEWORK
               FIGURE 36 MARKET EVALUATION FRAMEWORK: E-BIKE MARKET
     15.4 COMPANY EVALUATION QUADRANT
             15.4.1 STAR
             15.4.2 EMERGING LEADERS
             15.4.3 PERVASIVE
             15.4.4 PARTICIPANT
                       FIGURE 37 COMPETITIVE EVALUATION MATRIX, 2019: E-BIKE MANUFACTURERS
             15.4.5 STRENGTH OF PRODUCT PORTFOLIO
                       FIGURE 38 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN E-BIKE MARKET
             15.4.6 BUSINESS STRATEGY EXCELLENCE
                       FIGURE 39 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN E-BIKE MARKET
                       FIGURE 40 COMPETITIVE EVALUATION MATRIX, 2019: E-BIKE COMPONENT SUPPLIERS
             15.4.7 STRENGTH OF PRODUCT PORTFOLIO
                       FIGURE 41 STRENGTH OF PRODUCT PORTFOLIO OF TOP COMPONENT SUPPLIERS IN E-BIKE MARKET
             15.4.8 BUSINESS STRATEGY EXCELLENCE
                       FIGURE 42 BUSINESS STRATEGY EXCELLENCE OF TOP COMPONENT SUPPLIERS IN E-BIKE MARKET
                       FIGURE 43 MAJOR DEVELOPMENTS IN E-BIKE MARKET
     15.5 COMPETITIVE SCENARIO
             15.5.1 EXPANSIONS, 2018–2020
                       TABLE 117 EXPANSIONS, 2018–2020
             15.5.2 NEW PRODUCT DEVELOPMENTS/LAUNCHES, 2018–2020
                       TABLE 118 NEW PRODUCT DEVELOPMENT/LAUNCHES, 2018–2020
     15.6 RIGHT TO WIN

16 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 139)
     16.1 E-BIKE MANUFACTURER
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
             16.1.1 ACCELL GROUP N.V.
                       FIGURE 44 ACCELL GROUP N.V.: COMPANY SNAPSHOT
                       TABLE 119 ACCELL GROUP N.V.: ORGANIC DEVELOPMENTS
                       TABLE 120 ACCELL GROUP N.V.: INORGANIC DEVELOPMENTS
             16.1.2 GIANT MANUFACTURING CO. LTD.
                       FIGURE 45 GIANT MANUFACTURING CO. LTD.: COMPANY SNAPSHOT
                       TABLE 121 GIANT MANUFACTURING CO. LTD.: ORGANIC DEVELOPMENTS
             16.1.3 YADEA GROUP HOLDINGS LTD.
                       FIGURE 46 YADEA GROUP HOLDINGS LTD.: COMPANY SNAPSHOT
                       TABLE 122 YADEA GROUP HOLDINGS LTD.: ORGANIC DEVELOPMENTS
             16.1.4 YAMAHA MOTOR COMPANY
                       FIGURE 47 YAMAHA MOTOR COMPANY: COMPANY SNAPSHOT
                       TABLE 123 YAMAHA MOTOR COMPANY: ORGANIC DEVELOPMENTS
             16.1.5 PEDEGO ELECTRIC BIKES
                       TABLE 124 PEDEGO ELECTRIC BIKES: ORGANIC DEVELOPMENTS
             16.1.6 PON.BIKE
                       TABLE 125 PON.BIKE: INORGANIC DEVELOPMENTS
             16.1.7 AIMA TECHNOLOGY GROUP CO. LTD.
             16.1.8 MERIDA INDUSTRY CO. LTD
                       FIGURE 48 MERIDA INDUSTRY CO. LTD: COMPANY SNAPSHOT
             16.1.9 TREK BICYCLE CORPORATION
                       TABLE 126 TREK BICYCLE CORPORATION: INORGANIC DEVELOPMENTS
             16.1.10 SPECIALIZED BICYCLE COMPONENTS, INC.
                         TABLE 127 SPECIALIZED BICYCLE COMPONENTS, INC.: ORGANIC DEVELOPMENTS
     16.2 ADDITIONAL COMPANIES
             16.2.1 ASIA PACIFIC
                       16.2.1.1 Hero Lectro E-Cycles
             16.2.2 NORTH AMERICA
                       16.2.2.1 Electric Bike Company
                       16.2.2.2 Rad Power Bikes LLC
             16.2.3 EUROPE
                       16.2.3.1 VANMOOF
                                   16.2.3.1.1 Business overview
                       16.2.3.2 BH Bikes
                       16.2.3.3 Brompton Bicycle Ltd.
                       16.2.3.4 Riese & Mόller GmbH
     16.3 E-BIKE COMPONENT SUPPLIERS
             16.3.1 BOSCH
                       FIGURE 49 BOSCH: COMPANY SNAPSHOT
                       TABLE 128 BOSCH E-BIKE SYSTEMS: ORGANIC DEVELOPMENTS
             16.3.2 SAMSUNG SDI CO. LTD.
                       FIGURE 50 SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT
             16.3.3 PANASONIC CORPORATION
                       FIGURE 51 PANASONIC CORPORATION: COMPANY SNAPSHOT
             16.3.4 BAFANG
                       TABLE 129 BAFANG: ORGANIC DEVELOPMENTS
             16.3.5 BROSE FAHRZEUGTEILE
                       FIGURE 52 BROSE FAHRZEUGTEILE: COMPANY SNAPSHOT
                       TABLE 130 BROSE FAHRZEUGTEILE: ORGANIC DEVELOPMENTS
             16.3.6 SHIMANO
                       FIGURE 53 SHIMANO: COMPANY SNAPSHOT
                       TABLE 131 SHIMANO: ORGANIC DEVELOPMENTS
             16.3.7 JOHNSON MATTHEY BATTERY SYSTEMS
                       FIGURE 54 JOHNSON MATTHEY BATTERY SYSTEMS: COMPANY SNAPSHOT
                       TABLE 132 JOHNSON MATTHEY BATTERY SYSTEMS: ORGANIC DEVELOPMENTS
             16.3.8 PROMOVEC A/S
             16.3.9 PRODUCT OFFERINGS
             16.3.10 BMZ GMBH
                        TABLE 133 BMZ GMBH: ORGANIC DEVELOPMENTS
             16.3.11 WUXI TRUCKRUN MOTOR CO.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

17 APPENDIX (Page No. - 176)
     17.1 INSIGHTS OF INDUSTRY EXPERTS
     17.2 DISCUSSION GUIDE
     17.3 AVAILABLE CUSTOMIZATIONS
             17.3.1 CLASS TYPE, BY COUNTRY
                       17.3.1.1 China
                       17.3.1.2 India
                       17.3.1.3 Japan
                       17.3.1.4 South Korea
                       17.3.1.5 Taiwan
                       17.3.1.6 Germany
                       17.3.1.7 France
                       17.3.1.8 UK
                       17.3.1.9 Italy
            17.3.1.10 Netherlands
            17.3.1.11 Austria
            17.3.1.12 Switzerland
            17.3.1.13 US
            17.3.1.14 Canada
     17.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.5 RELATED REPORTS
     17.6 AUTHOR DETAILS

The study involved four main activities in estimating the current size of the e-Bike market. Exhaustive secondary research was done to collect information about the market by class, usage, mode, motor, speed, component, and region. The next step was to validate these findings, assumptions, and market analysis with industry experts across the value chain through primary research. A mix of top-down and bottom-up approach was employed to estimate the overall market size for different segments considered in this study.

Secondary Research

The secondary sources referred for this research study included the e-Bike industry association; corporate filings (such as annual reports, investor presentations, and financial statements); and data from trade and business. Secondary data was collected and analyzed to arrive at the overall market size, further validated by primary research.

Primary Research

Extensive primary research was conducted after obtaining an understanding of the e-Bike market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across three major regions, namely, North America, Europe, and Asia Pacific. Approximately 25% and 75% of primary interviews were conducted with the demand and supply sides, respectively.

Primary data was collected through questionnaires, e-mails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in the report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to validate the primaries' findings. This, along with insights by in-house subject-matter experts, led to the findings described in the remainder of this report.

E-Bike Market   Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the e-Bike market's size by region, and class. To determine the size, in terms of volume, for the e-Bike market, by class, country-level sales of e-Bikes (in units) were derived from secondary sources and paid databases and validated through primary interviews. Country-level penetration of class type (Class-I, Class-II, and Class-III) was derived from secondary sources and paid databases and validated through primary interviews. The country-level sales of e-Bikes (in units) were multiplied with the penetration of each class type. Through this, the e-Bike market volume, by class type, was derived. The average OE price of class type was derived from secondary sources, and primaries validated the same. The e-Bike market volume, by class type, was multiplied by the average OE price of class type. Through this, the e-Bike market, by class type, in terms of value (USD million) was derived. The summation of country-level markets provided regional-level markets, and further summation of the regional level markets provided the global e-Bike market in terms of volume (‘000 units) and value (USD million) by region and by class type.

While estimating the regional market size for e-Bike by battery, the e-Bike market volume, by region (Asia Pacific, North America, and Europe), was derived from the global e-Bike market. The percentage share of e-Bike by battery (Lithium-ion, Lithium-ion Polymer, Lead Acid, and others) were derived from secondary sources and validated through primaries. Further, it was multiplied to region-wise e-Bike market volume. Through this, the market volume for e-Bike, by battery, was derived. The average OE price of e-Bike by battery at the regional level was derived from secondary sources, and primaries validated the same. The market volume for e-Bike, by battery, was multiplied by the average OE price of e-Bike by battery type. The market for e-Bike by battery, in terms of value (USD million) was derived through this. Summation of all region-wise markets was carried out to obtain the total market for e-Bike, by battery, in terms of volume (‘000 units) and value (USD million).

A similar approach was followed to obtain the e-Bike market, by motor (hub and mid), by mode (pedal assist and throttle), and by usage (mountain/trekking, city/urban, cargo, and others).

Data Triangulation

All percentage shares, splits, and breakdowns were determined using secondary sources and verified by primary sources. All parameters that are likely to affect the markets covered in this research study were accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.

Report Objectives

  • To define, describe, and forecast the size of the global e-Bike market in terms of value (USD million) and volume (million units)
    • By class (class-I, class-II, class-III), at the country and regional level
    • By speed (up to 25 kmph, 25-45 kmph), at the regional level
    • By battery (lithium-ion, lithium-ion polymer, lead acid, and others), at the regional level
    • By motor (hub and mid), at the regional level
    • By mode (pedal assist and throttle), at the regional level
    • By component (battery, electric motor, frame with fork, wheel, crank gears, brake system, and others), at the regional level
    • By usage (mountain/trekking, city/urban, cargo, and others), at the regional level
    • By region (Asia Pacific, Europe, and North America)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
  • To analyze the market share/ranking of key players operating in the market
  • To analyze the competitive landscape of the global players in the market
  • To analyze the competitive leadership mapping of the global E-Bike manufacturers and E-Bike component suppliers in the market
  • To analyze recent developments, including alliances, joint ventures, mergers & acquisitions, and new product launches, undertaken by key industry participants in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

  • CLASS TYPE, BY COUNTRY
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Germany
    • France
    • UK
    • Italy
    • Netherland
    • Austria
    • Switzerland
    • US
    • Canada
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