About E-Bikes
An electric bike is a bicycle, scooter, or motorcycle with an integrated electric motor for propulsion. It is either partly assisted by peddling or completely propelled through electric power. An electric bike is a type of electric vehicle based on a traditional bike to which an electric motor has been added to help propel it. The batteries of the electric bikes can be recharged by connecting them to a plug or when pedaling in some gears. The electric bicycle as a new form of private transport has led to a new approach to mobility, especially in cities, both for countries with large populations and for countries that are concerned about the environment. Electric bicycles are available in many styles, from commuter bikes to full-suspension mountain bikes. The power output of these pedal-operated motors is often restricted by regulations. Mostly, they are available with an output power of around 250 watts. Bikes fitted with a throttle-based motor system have slightly different output regulations. It can be available with a maximum power of around 200 watts, while its speed remains limited to 25 kmph.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The E-Bikes market is a dynamic and exciting space with immense potential for growth. The players who can adapt to changing trends, prioritize innovation, and address sustainability concerns will be the ones to capture the hearts (and legs) of e-bike riders. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global E-Bikes market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yamaha Motor Corporation (Japan), Accell Group N.V (Netherlands), Yadea Group Holdings Ltd (China), Pedego Electric Bikes (United States), Merida Industry Co. Ltd (Taiwan), Trek Bicycle Corporation (United States), Derby Cycle Holding GmbH (Germany) and Jiangsu Xinri E-Vehicle Co. Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Panasonic Corp (Japan), Bionx International Corporation (Canada), Mahindra & Mahindra Ltd. (India), Samsung SDI Co., Ltd. (South Korea) and Prodeco Technologies Llc (United States).
Segmentation Overview
AMA Research has segmented the market of Global E-Bikes market by Type (Pedelec/Pedal Assist, Scooter & Motorcycle and Throttle On Demand), Application (Leisure and Recreation, Fitness and Training, Agricultural, Food Delivery and Catering and Others) and Region.
On the basis of geography, the market of E-Bikes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Dc Motor will boost the E-Bikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Type, the sub-segment i.e. Lead-Acid will boost the E-Bikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Cost of Fuels and Growing Bicycle Tourism Industry
Market Growth Drivers:
Rising Concerns about Traffic Congestion and Government Initiatives to Reduce Emission Level
Challenges:
Short Life of the Batteries and The Weight of the Batteries Makes the Bike Heavy
Restraints:
Inadequate Distribution Channels and E-Bikes Have a Low Range
Opportunities:
Government Initiatives to Regulate Electric Bikes
Market Leaders and their expansionary development strategies
In November 2023, Bosch eBike Systems and Shimano announced a collaboration to develop a unified electronic shifting system for e-bikes, offering smoother and more intuitive gear changes.
In October 2023, Specialized launched the all-new Turbo Como SL, an e-bike designed for urban commuting with a sleek, lightweight frame and integrated lighting.
Key Target Audience
Manufacturers of Electric Bikes, Suppliers of Electric Bikes, Wholesalers, Distributors and Retailers of Electric Bikes, Components Supplies of Electric Bikes and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.