Electric Bicycle Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Accell Group, CSE EV GROUP CO LTD, Derby Cycle, Fuji-ta Bicycle Co., Ltd

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Electric Bicycle Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 11.5% during the review period (2022 to 2027).

Electric Bicycle Market Overview

An electric bicycle is integrated with an electric motor drive mechanism and battery, which produces power for causing or assisting propulsion. Moreover, it includes sensors & electric displays that provide additional assistance to riders required for a smooth ride. This aids the rider's ability to cycle. Due to swiftly rechargeable batteries, light motors, and technological developments in bicycle parts, the use and availability of e-bikes are gaining significant momentum on a global scale. Currently, businesses are expanding their product lines through innovations and investments in connection applications like V2X (vehicle-to-everything), which may safeguard cyclists and warn them of hazards and problems. For instance, Tome, a software-based company, collaborated with SAE Industry Technologies and nine other members to develop bicycle-to-vehicle (B2V) communication standard. Hence, rise in connectivity measures for bicycles are expected to positively drive the electric bicycle market.

Electric bicycles are a fashionable, adaptable, environmentally responsible means of transportation. They are viewed as the best replacement for scooters, smart cars, and public transit by consumers. Due to their small size, ability to travel farther at a faster speed with less effort, and access to the health benefits of pedalling, these bicycles aid in the reduction of traffic congestion. In addition, the market is anticipated to be driven by the adoption of e-bike applications in a number of industries, such as logistics and e-bike rental services.

Increased gasoline prices, favourable government rules and policies to promote electric bicycles, and a surge in interest in cycling as a sport and leisure activity are predicted to propel market expansion. However, rising electric bicycle purchase and maintenance costs as well as a ban on the vehicles in China's major cities limit market expansion.

Who are the Major Players in Electric Bicycle Market?

The global Electric Bicycle includes Accell Group, CSE EV GROUP CO LTD, Derby Cycle, Fuji-ta Bicycle Co., Ltd., Giant Manufacturing Co., Ltd., Merida Industry Co, Ltd, Royal Dutch gazelle, Trek Bicycle Corporation, Yadea Group Holdings Ltd, Yamaha Motor Co. Ltd.

Recent Developments:

Hero Motors, Yamaha Motor join hands to manufacture e-cycle drive units

28 Oct 2021- The latest joint venture is the next step in the strategic alliance forged between Hero and Yamaha in September 2019 to work together in the e-cycle product segment

Indian automotive component manufacturer Hero Motors and has joined forces with Japan's Yamaha Motor Company today to create a global e-cycle drive unit company.

The Boards of Directors of both companies have approved the transaction, a company statement said on Thursday. Under the agreement, a manufacturing unit will be setup in India to manufacture e-cycle drive motors for the global markets.

Yamaha Bicycles Introduces Two New e-Bikes for the U.S. Market

Yamaha Motor Corp., USA, the pioneering brand in electric bicycles, is introducing two all-new, class 3, power assist bicycles: the Wabash RT and the CrossCore RC, e-Bikes built from the ground up with the all new Yamaha PWSeries ST drive unit, frame and internally integrated batteries. The Wabash RT is a performance drop-bar gravel bike designed for long hauls off-road and a tough-as-dirt attitude on all roads, while the CrossCore RC is a versatile lifestyle and fitness-focused bike with a flat handlebar, ergonomic grips and a riding position made for extended fitness, commuting, and any journey one desires.

What are the major Applications, Types and Regions for Electric Bicycle Market?

Electric Bicycle Market is segmented based on the type, applications, companies and regions.

By Product Type, it is segmented into

• Mountain Bicycles


• Road Bicycles


• Track Racing Bicycles


• Lead acid


• Lithium ion (Li-ion)


• Hub motor


• Mid-drive

By Application it is segmented into

• Sports


• Fitness


• Daily Commute


• Amateur


• Professional

Electric Bicycle Market Regional Analysis

The usage of tiny electric vehicles, such as electric bicycles, bikes, and scooters, is being encouraged by governments around the world in an effort to minimize their carbon footprints due to a growing awareness of the negative impacts of operating fossil fuel-powered vehicles. Governments are also building bicycle-friendly roadways, which is encouraging people to choose bicycles as a primary means of transportation.

Governments from all around the world also support the purchase of e-bikes through tax credits and other incentives to promote the use of these vehicles. For instance, the Indian government proposed a subsidy programmer in the state of Gujarat in September 2020 to promote the use of e-rickshaws and bicycles.

Additionally, the U.S. Department of Interior proposed new regulations for the use of electric bicycles throughout the country in a statement in October 2020. The Bureau of Land Management, National Park Service, Fish and Wildlife Service, and Bureau of Reclamation have all agreed to and are enforcing the regulations. The new laws permit public property managers to grant e-bikers access to bike lanes. The development of new bicycle (express) routes, the installation of battery charging stations, and other infrastructure improvements by governments in numerous nations all considerably increase consumer adoption of electric bicycles, driving the market's expansion.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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


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


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Electric Bicycle Market report scope?

Key Takeaways from this Electric Bicycle Report

• Evaluate Electric Bicycle market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Electric Bicycle market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.


• It further investigates the specifics that are positively impacting the profit graph of this business sphere.


• The study also elaborates the critical factors which will augment the commercial terrain of the Electric Bicycle market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Electric Bicycle Market is studied from 2017 - 2027.

What is the growth rate of Electric Bicycle Market?

The Electric Bicycle Market is growing at a CAGR of 11.5% over the next 5 years.

Who are the leading key players in Electric Bicycle Market?

Accell Group, CSE EV GROUP CO LTD, Derby Cycle, Fuji-ta Bicycle Co., Ltd., Giant Manufacturing Co., Ltd., Merida Industry Co, Ltd, Royal Dutch gazelle, Trek Bicycle Corporation, Yadea Group Holdings Ltd, Yamaha Motor Co. Ltd.

What regions does this Electric Bicycle Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Electric Bicycle Market?

Mountain Bicycles, Road Bicycles, Track Racing Bicycles, Lead acid, Lithium ion (Li-ion), Hub motor, Mid-drive

What are the significant Applications of Electric Bicycle Market?

Sports, Fitness, Daily Commute, Amateur, Professional