The global e-bike market was valued at USD 18,241.2 million in 2018 and is expected to reach USD 34,864.3 million in 2026, growing at a CAGR of 8.3% during the forecast period.
E-bike is also known as an electric bike. It is driven with the help of an integrated electric motor, which is used for propulsion. The e-bikes are distinguished from electric scooters and motorcycles. E-bikes are manufactures with the aim to travel up to 25 to 32 km/h (16 to 20 mph), the speed depends on the laws of the country in which they are export-import.
E-bike Market Segmentation |
|
| By Product Type | 1. Pedal Assist/ Pedelecs |
| 2. Power on Demand | |
| 3. Pedal Assist with Power on Demand | |
| By Battery Type | 1. Li-Ion |
| 2. Lead Acid | |
| 3. Others | |
| By Motor Type | 1. Hub Motor |
| 2. Mid Drive | |
| 3. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The growth of the e-bike market is primarily driven by the increasing awareness towards environment, stringent government regulations, and rising fuel prices. Moreover, the increase in government initiatives to regulate e-bikes and growth of the bike-sharing industry is expected to create opportunities for the manufacturers in the global market over the forecast period. However, the high cost of e-bikes and underdeveloped aftermarket services are expected to hamper the growth of the global e-bike market throughout the forecast period.
The pedal assist/ pedelecs segment expected to dominate the market throughout the forecast period
Based on the product type, the global e-bike market has been segmented into pedal assist/ pedelecs, power on demand, and pedal assist with power on demand. The pedal assist/ pedelecs segment accounted for more than 50% of the share in the global e-bike market in 2018.
While power on demand accounted highest CAGR of around 10.2% in the global e-bike market during the forecast period. Power on demand is widely adopted in the electric bike owing to an increase in demand for energy-saving and increase in life-span for the battery in the e-bike.
Based on the battery type, the lithium-ion segment is expected to grow at a CAGR of around 11% throughout the forecast period
Based on the battery type, the market has been segmented into lithium ion, lead acid, and others. The lithium ion battery type segment accounted for the largest share in the market and are expected to grow at the highest CAGR of around 11% during the forecast period. Lithium ion batteries are high efficiency in terms of energy and money. Continuous investment towards research and development from the manufacturers towards batteries are lowering the overall cost of the e-bike. This expected to increase lead the demand for an e-bike in the global market during the forecast period.
Based on the motor type, the hub motor segment is expected to dominate during the forecast period
Based on the motor type, the market has been segmented into hub motor, mid drive, and others. The hub motor segment accounts of the largest share in the market and held for more than 64% of the total market in 2018. Chinese manufacturers are investing in the production of low-cost components like motors for the e-bikes, which expected to raise the demand for the e-bike in the global market during the forecast period.
Asia-Pacific to dominate the e-bike market throughout the forecast period
Asia-Pacific accounted for nearly 60% share of the global e-bike market in 2018 and is expected to dominate the market throughout the forecast period owing to the presence of developing countries such as India, China, and South Korea. Moreover, increase initiatives towards the development of non-fuelled vehicles and rapid growth in the incentive schemes are further creating the demand and sales for the e-bikes in the region. China is the leading country in the global e-bike market owing to the stringent government regulations to minimize vehicular pollutions and rising awareness among consumers for the development of the domestic areas are further enhance the adoption of e-bikes in the coming years. For instance, the Indian Government announced an incentive scheme named Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME). Under the incentive scheme, there is a subsidy of up to INR 22,000 for electric scooters/electric bikes. Government promotions and schemes are expected to lead to enhancing the sales for electric two-wheelers during the forecast period. The domestic governments in the Asia Pacific region are primarily focusing on the expansion of electric two-wheelers.
North America is expected to hold the highest CAGR in the global market during the forecast period owing to an increase in awareness among consumers and the growth of e-bike sharing industry.
Company Profiles and Competitive Intelligence:
The major players operating in the global e-bike market are Accell Group (Netherlands), Derby Cycle (Germany), NYCeWheels (US), Moustache Bikes (France), Easy Motion USA (California), Pedego Electric Bikes (California), Jiangsu Xinri E-Vehicle Co., Ltd. (China), Karbon Kinetics Limited (KKL) (UK), myStromer AG (Switzerland), and A2B Electric Bikes (UK) among others.
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Table of Content
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global E-Bike Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global E-Bike Market
1.3. Market Dynamics
1.4. Global E-Bike Market, by Segment, 2018
1.4.1. Global E-Bike Market, by Product Type, 2018, (USD Million)
1.4.2. Global E-Bike Market, by Battery Type, 2018, (USD Million)
1.4.3. Global E-Bike Market, by Motor Type, 2018, (USD Million)
1.4.4. Global E-Bike Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. E-Bike Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global E-Bike Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increase awareness towards environment
2.2.2. Stringent government regulations
2.2.3. Rising fuel prices
2.3. Market Restraints
2.3.1. High cost of e-bikes
2.3.2. Underdeveloped Aftermarket Services
2.4. Market Opportunities
2.4.1. Government initiatives to regulate e-bikes
2.4.2. Growth of bike sharing industry
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global E-Bike Market, by Product Type
3.1. Market Overview, by Product Type
3.1.1. Global E-Bike Market, by Product Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Product Type, 2018
3.2. Pedal Assist/ Pedelecs
3.2.1. Global E-Bike Market, by Pedal Assist/ Pedelecs, 2016-2026, (USD Million)
3.3. Power on Demand
3.3.1. Global E-Bike Market, by Power on Demand, 2016-2026, (USD Million)
3.4. Pedal Assist with Power on Demand
3.4.1. Global E-Bike Market, by Pedal Assist with Power on Demand, 2016-2026, (USD Million)
Chapter 4 Global E-Bike Market, by Battery Type
4.1. Market Overview, by Battery Type
4.1.1. Global E-Bike Market, by Battery Type, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Battery Type, 2018
4.2. Li-Ion
4.2.1. Global E-Bike Market, by Li-Ion, 2016-2026, (USD Million)
4.3. Lead Acid
4.3.1. Global E-Bike Market, by Lead Acid, 2016-2026, (USD Million)
4.4. Others
4.4.1. Global E-Bike Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global E-Bike Market, by Motor Type
5.1. Market Overview, by Motor Type
5.1.1. Global E-Bike Market, by Motor Type, 2016-2026 (USD Million)
5.1.2. Incremental Opportunity, by Motor Type, 2018
5.2. Hub Motor
5.2.1. Global E-Bike Market, by Hub Motor, 2016-2026, (USD Million)
5.3. Mid Drive
5.3.1. Global E-Bike Market, by Mid Drive, 2016-2026, (USD Million)
5.4. Others
5.4.1. Global E-Bike Market, by Others, 2016-2026, (USD Million)
Chapter 6 Global E-Bike Market, by Region
6.1. Market Overview, by Region
6.1.1. Global E-Bike Market, by Region, 2016-2026, (USD Million)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America E-Bike Market
6.3.1. North America E-Bike Market, by Product Type, 2016-2026 (USD Million)
6.3.2. North America E-Bike Market, by Battery Type, 2016-2026 (USD Million)
6.3.3. North America E-Bike Market, by Motor Type, 2016-2026 (USD Million)
6.3.4. United States E-Bike Market, 2016-2026 (USD Million)
6.3.5. Canada E-Bike Market, 2016-2026 (USD Million)
6.4. Europe E-Bike Market
6.4.1. Europe E-Bike Market, by Product Type, 2016-2026 (USD Million)
6.4.2. Europe E-Bike Market, by Battery Type, 2016-2026 (USD Million)
6.4.3. Europe E-Bike Market, by Motor Type, 2016-2026 (USD Million)
6.4.4. United Kingdom E-Bike Market, 2016-2026 (USD Million)
6.4.5. Germany E-Bike Market, 2016-2026 (USD Million)
6.4.6. France E-Bike Market, 2016-2026 (USD Million)
6.4.7. Rest of Europe E-Bike Market, 2016-2026 (USD Million)
6.5. Asia Pacific E-Bike Market
6.5.1. Asia Pacific E-Bike Market, by Product Type, 2016-2026 (USD Million)
6.5.2. Asia Pacific E-Bike Market, by Battery Type, 2016-2026 (USD Million)
6.5.3. Asia Pacific E-Bike Market, by Motor Type, 2016-2026 (USD Million)
6.5.4. China E-Bike Market, 2016-2026 (USD Million)
6.5.5. Japan E-Bike Market, 2016-2026 (USD Million)
6.5.6. India E-Bike Market, 2016-2026 (USD Million)
6.5.7. Rest of Asia Pacific E-Bike Market, 2016-2026 (USD Million)
6.6. Latin America E-Bike Market
6.6.1. Latin America E-Bike Market, by Product Type, 2016-2026 (USD Million)
6.6.2. Latin America E-Bike Market, by Battery Type, 2016-2026 (USD Million)
6.6.3. Latin America E-Bike Market, by Motor Type, 2016-2026 (USD Million)
6.6.4. Brazil E-Bike Market, 2016-2026 (USD Million)
6.6.5. Mexico E-Bike Market, 2016-2026 (USD Million)
6.6.6. Rest of Latin America E-Bike Market, 2016-2026 (USD Million)
6.7. Middle East & Africa E-Bike Market
6.7.1. Middle East & Africa E-Bike Market, by Product Type, 2016-2026 (USD Million)
6.7.2. Middle East & Africa E-Bike Market, by Battery Type, 2016-2026 (USD Million)
6.7.3. Middle East & Africa E-Bike Market, by Motor Type, 2016-2026 (USD Million)
6.7.4. GCC E-Bike Market, 2016-2026 (USD Million)
6.7.5. Rest of Middle East & Africa E-Bike Market, 2016-2026 (USD Million)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Product Type
7.3.2. By Battery Type
7.3.3. By Motor Type
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 8 Company Profiles
8.1. Accell Group
8.1.1. Accell Group Overview
8.1.2. Accell Group Products Portfolio
8.1.3. Accell Group Financial Overview
8.1.4. Accell Group News/Recent Developments
8.2. Derby Cycle
8.2.1. Derby Cycle Overview
8.2.2. Derby Cycle Products Portfolio
8.2.3. Derby Cycle Financial Overview
8.2.4. Derby Cycle News/Recent Developments
8.3. NYCeWheels
8.3.1. NYCeWheels Overview
8.3.2. NYCeWheels Products Portfolio
8.3.3. NYCeWheels Financial Overview
8.3.4. NYCeWheels News/Recent Developments
8.4. Moustache Bikes
8.4.1. Moustache Bikes Overview
8.4.2. Moustache Bikes Products Portfolio
8.4.3. Moustache Bikes Financial Overview
8.4.4. Moustache Bikes News/Recent Developments
8.5. Easy Motion USA
8.5.1. Easy Motion USA Overview
8.5.2. Easy Motion USA Products Portfolio
8.5.3. Easy Motion USA Financial Overview
8.5.4. Easy Motion USA News/Recent Developments
8.6. Pedego Electric Bikes
8.6.1. Pedego Electric Bikes Overview
8.6.2. Pedego Electric Bikes Products Portfolio
8.6.3. Pedego Electric Bikes Financial Overview
8.6.4. Pedego Electric Bikes News/Recent Developments
8.7. Jiangsu Xinri E-Vehicle Co., Ltd
8.7.1. Jiangsu Xinri E-Vehicle Co., Ltd Overview
8.7.2. Jiangsu Xinri E-Vehicle Co., Ltd Products Portfolio
8.7.3. Jiangsu Xinri E-Vehicle Co., Ltd Financial Overview
8.7.4. Jiangsu Xinri E-Vehicle Co., Ltd News/Recent Developments
8.8. Karbon Kinetics Limited (KKL)
8.8.1. Karbon Kinetics Limited (KKL) Overview
8.8.2. Karbon Kinetics Limited (KKL) Products Portfolio
8.8.3. Karbon Kinetics Limited (KKL) Financial Overview
8.8.4. Karbon Kinetics Limited (KKL) News/Recent Developments
8.9. MyStromer AG
8.9.1. MyStromer AG Overview
8.9.2. MyStromer AG Products Portfolio
8.9.3. MyStromer AG Financial Overview
8.9.4. MyStromer AG News/Recent Developments
8.10. A2B Electric Bikes
8.10.1. A2B Electric Bikes Overview
8.10.2. A2B Electric Bikes Products Portfolio
8.10.3. A2B Electric Bikes Financial Overview
8.10.4. A2B Electric Bikes News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Phase I – Secondary Research
9.2.2. Phase II – Primary Research
9.2.3. Phase III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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