Registering a CAGR of 12.27% over the forecast period, the e-bike market is anticipated to reach the market value of US$ 47.6 billion in the year 2026 from US$ 23.8 billion in the year 2021.
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. E-bikes have been adopted rapidly by municipal bike-sharing systems worldwide. The need for more accessible and safe public transportation and social distancing demands have led to increased use of e-bikes by residents and travelers. In Honolulu, Hawaii, around 80% of the Biki bike-sharing system users said riding was the most preferred and safest type of public transportation. According to the North American Bikeshare Association (NABSA), e-bikes were used in 28% of bike-sharing systems in previous year. NABSA found that e-bikes were used 1.7 times more than conventional bikes.
Furthermore, in order to create a better and greener environment, various governments around the world are supporting safer and cleaner modes of transportation. Many governments have responded by enacting legislation that encourages and rewards frequent e-bike riders.In the future, the Electric bike will have a good future; the price fluctuation has a relationship with the raw material and factories. The technology will more mature and the monopoly phenomenon will be weakened in high-end products.
2022: Yamaha announced introducing of two all-new, class 3, power assist bicycles: the Wabash RT and the CrossCore RC, e-Bikes with the all-new Yamaha PWSeries ST drive unit, frame and internally integrated batteries.
2021: Merida launched the 2021 EX Enduro, which was temporarily discontinued in 2020. This new e-bike is powered by Shimano STEPS.
Top Key Players in the Ebikes Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Ebikes market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), Derby Cycle, Fuji-ta Bicycle Co., Ltd.,., Jiangsu Xinri E-Vehicle Co., Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech, LLC, Tianjin Golden Wheel Group Co., Ltd., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd, Accell Group (Netherlands), Robert Bosch GmbH (Germany), Pedego Electric Bikes (U.S.), Panasonic Corporation (Japan), Bionx International Corporation (Canada), Trek Bicycle Corporation (U.S.), Shimano Inc. (Japan), VanMoof (Netherlands), Rad Power Bikes (U.S.)
Ebikes Market is segmented based on the type, applications, companies, and regions.
By Product
By Battery Type
By Applications, Ebikes Market has been segmented into
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, an 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. Some of the major factors driving the sales of the e-bike market are the innovative nature of the product, fully-integrated batteries, and drives, appealing designs, as well as the use of high-quality materials.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 12.27% during the review period (2022 to 2027). |
By Type | By Product
By Battery Type
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By Application |
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By Companies | Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), Derby Cycle, Fuji-ta Bicycle Co., Ltd.,., Jiangsu Xinri E-Vehicle Co., Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech, LLC, Tianjin Golden Wheel Group Co., Ltd., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd, Accell Group (Netherlands), Robert Bosch GmbH (Germany), Pedego Electric Bikes (U.S.), Panasonic Corporation (Japan), Bionx International Corporation (Canada), Trek Bicycle Corporation (U.S.), Shimano Inc. (Japan), VanMoof (Netherlands), Rad Power Bikes (U.S.) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 132 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Ebikes Market is studied from 2017 - 2027.
What is the growth rate of Ebikes Market?
The Ebikes Market is growing at a CAGR of 12.27% over the next 5 years.
Who are the leading key players in Ebikes Market?
Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), Derby Cycle, Fuji-ta Bicycle Co., Ltd.,., Jiangsu Xinri E-Vehicle Co., Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech, LLC, Tianjin Golden Wheel Group Co., Ltd., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd, Accell Group (Netherlands), Robert Bosch GmbH (Germany), Pedego Electric Bikes (U.S.), Panasonic Corporation (Japan), Bionx International Corporation (Canada), Trek Bicycle Corporation (U.S.), Shimano Inc. (Japan), VanMoof (Netherlands), Rad Power Bikes (U.S.)
What regions regions does this Ebikes 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 Ebikes Market?
Pedelecs, Speed Pedelecs, Throttle on Demand, Scooter or motorcycle
What are the significant Applications of Ebikes Market?
City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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