E-Bike Market

Market Leader - E-Bike Market

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 initiatives towards clean environment and technology advancements such as connected e-bikes are driving the market growth.

New product launches and expansion have been the key strategies adopted by major players in the e-Bike market from 2018 to 2020. 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. IN June 2019, Yadea Group introduced graphene batteries, featuring longer battery life, faster-charging speed, longer cruising range, and low-temperature resistance, compatible with 20A high current charge and discharge. The new batteries could have more than 1,000 charging cycles, which are more than three times that of the ordinary batteries. In June 2020, Bafang announced the establishment of a wholly-owned subsidiary in Japan. The subsidiary, Bafang Japan, has laid a good foundation for further expansion in the Japanese market and improved communication efficiency with customers. It is expected to enhance the company’s service quality and promote its long-term development strategy, thereby facilitating Bafang’s global business’s steady development.

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Global and regional players dominate the e-Bike market. AIMA and Yadea are the top players in the e-bike market in China. At the same time, Accell Group N.V. is a leading global player in the e-Bike market. The company 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. 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 by introducing 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. In August 2019, Accell Group reached an agreement with private equity firm Regent LP (Regent) to sell its loss-making US business, including the worldwide registrations of the brands Diamondback, Redline, and IZIP. Accell and Regent also agreed on an exclusive 2-year US distribution partnership for the international Accell brands Raleigh, Haibike, and Ghost.

Pon.Bike is another leading player in the E-Bike market. The company has a strong customer base and brand portfolio, with more than 10 brands. The company focuses on acquisitions to strengthen its position and gain a competitive edge over other companies in the market. In November 2019, Pon.Bike acquired the Dutch e-cargo bike brand Urban Arrow for an undisclosed sum. IN November 2018, the company announced the purchase of 338,121 ordinary shares in Accell Group N.V., representing 20% of the issued and outstanding share capital.

Related Reports:

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

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Mr. Aashish Mehra
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[email protected]

Report Code
AT 6958
RI Published ON
12/1/2020
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