Electric Bike Market: By Propulsion Type ), By Application, Cargo), By Battery Type, By Power and Region Forecast 2019-2030
Electric Bike Market: By Propulsion Type ), By Application, Cargo), By Battery Type, By Power and Region Forecast 2019-2030
Electric Bike Market size was valued at US$ 27.14 billion in 2023 and is expected to reach a value of US$ 60.26 billion by 2030, growing at a CAGR of 13.2% from 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by propulsion type, application, battery type, and power. By propulsion type, the market has been segmented into pedal-assisted and throttle-assisted (power-on-demand). The pedal-assisted segment is likely to be the largest and fastest-growing segment in terms of propulsion type. Based on application, the electric bikes market is segmented into city/urban, trekking (e-mountain bikes/e-mtb), and cargo.
Among these, the city/urban segment is expected to have the fastest-growing market Based on battery type, the electric bikes market is segmented into lithium-ion batteries and lead-acid batteries. The lithium-ion battery segment accounts for the largest share in 2021. The lead-acid battery segment has the second-largest share during the forecast period 2021-2028. Based on the power market is segregated into less than and equal to 250W and above 250W. Less than and equal to 250W accounted largest market share during the estimated period.
Furthermore, governments prioritize the construction of bicycle-friendly roadways, encouraging people to use bicycles as a primary means of transportation. Several countries are paying close attention to electric motorbikes, scooters, and bicycles as efficient and dependable Light Motor Vehicles (LMVs) that minimize carbon emissions.
Study Period
2024-2030Base Year
2023CAGR
13.2%Largest Market
Asia-PacificFastest Growing Market
Europe
Technological breakthroughs in the field of e-bikes have been made in response to the increased demand for e-bikes. One such breakthrough is the linked e-bike, which uses a SIM module to send and receive data to and from the cloud without the use of a smartphone. Automatic emergency calls, integrated navigation, social media connectivity, an anti-theft system, and remote diagnostics are just a few of the significant features given by the connected e-bike. Bosch is a key player in the e-bike business, with solutions for linked electric bikes. The Bosch Smartphone Hub, for example, may connect e-bikes to a smartphone and provide help to riders both before and after their trip.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. Several countries in the region, particularly India and China, are pushing the use of electric vehicles, electric motorcycles, and bicycles in order to minimize their carbon footprints. This tendency is also being aided by a rise in public awareness of the negative impacts of automobiles that rely on fossil fuels.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 27.14 billion |
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Market Size in 2030 |
US$ 60.26 billion |
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Market CAGR |
13.2% |
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By Propulsion Type |
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By Application |
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By Power |
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By Battery Type |
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By Region |
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The electric bike market size was valued at US$ 27.14 billion in 2023 and is projected to reach US$ 60.26 billion by 2030, at a CAGR of 13.2% from 2024-2030
The market key players are: Accell Group, Derby Cycle Fuji-ta Bicycle Co., Ltd. Giant Manufacturing Co., Ltd. Jiangsu Xinri E-Vehicle Co., Ltd. Mahindra & Mahindra Ltd. (GenZe) Prodecotech, LLC Tianjin Golden Wheel Group Co., Ltd. Trek Bicycle Corporation Yamaha Motor Co. Ltd.
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Electric Bike Market Introduction |
| 2.1.Global Electric Bike Market - Taxonomy |
| 2.2.Global Electric Bike Market - Definitions |
| 2.2.1.Propulsion Type |
| 2.2.2.Application |
| 2.2.3.Power |
| 2.2.4.Battery Type |
| 2.2.5.Region |
| 3. Global Electric Bike Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Electric Bike Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Electric Bike Market By Propulsion Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Pedal Assisted |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Throttle-assisted (Power-on-demand) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Electric Bike Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. City/Urban |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Trekking (E-mountain Bikes/E-MTB) |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Cargo |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Electric Bike Market By Power, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Less than and Equal to 250W |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Above 250W |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Electric Bike Market By Battery Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Lithium-ion Battery |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Lead-acid Battery |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9. Global Electric Bike Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Electric Bike Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Propulsion Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Pedal Assisted |
| 10.1.2.Throttle-assisted (Power-on-demand) |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.City/Urban |
| 10.2.2.Trekking (E-mountain Bikes/E-MTB) |
| 10.2.3.Cargo |
| 10.3. Power Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Less than and Equal to 250W |
| 10.3.2.Above 250W |
| 10.4. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Lithium-ion Battery |
| 10.4.2.Lead-acid Battery |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Electric Bike Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Propulsion Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Pedal Assisted |
| 11.1.2.Throttle-assisted (Power-on-demand) |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.City/Urban |
| 11.2.2.Trekking (E-mountain Bikes/E-MTB) |
| 11.2.3.Cargo |
| 11.3. Power Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Less than and Equal to 250W |
| 11.3.2.Above 250W |
| 11.4. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Lithium-ion Battery |
| 11.4.2.Lead-acid Battery |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Electric Bike Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Propulsion Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Pedal Assisted |
| 12.1.2.Throttle-assisted (Power-on-demand) |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.City/Urban |
| 12.2.2.Trekking (E-mountain Bikes/E-MTB) |
| 12.2.3.Cargo |
| 12.3. Power Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Less than and Equal to 250W |
| 12.3.2.Above 250W |
| 12.4. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Lithium-ion Battery |
| 12.4.2.Lead-acid Battery |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13. Middle East and Africa (MEA) Electric Bike Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Propulsion Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Pedal Assisted |
| 13.1.2.Throttle-assisted (Power-on-demand) |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.City/Urban |
| 13.2.2.Trekking (E-mountain Bikes/E-MTB) |
| 13.2.3.Cargo |
| 13.3. Power Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Less than and Equal to 250W |
| 13.3.2.Above 250W |
| 13.4. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Lithium-ion Battery |
| 13.4.2.Lead-acid Battery |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Electric Bike Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Propulsion Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Pedal Assisted |
| 14.1.2.Throttle-assisted (Power-on-demand) |
| 14.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.City/Urban |
| 14.2.2.Trekking (E-mountain Bikes/E-MTB) |
| 14.2.3.Cargo |
| 14.3. Power Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Less than and Equal to 250W |
| 14.3.2.Above 250W |
| 14.4. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Lithium-ion Battery |
| 14.4.2.Lead-acid Battery |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Accell Group, Derby Cycle |
| 15.2.2.Fuji-ta Bicycle Co., Ltd. |
| 15.2.3.Giant Manufacturing Co., Ltd. |
| 15.2.4.Jiangsu Xinri E-Vehicle Co., Ltd. |
| 15.2.5.Mahindra & Mahindra Ltd. (GenZe) |
| 15.2.6.Prodecotech, LLC |
| 15.2.7.Tianjin Golden Wheel Group Co., Ltd. |
| 15.2.8.Trek Bicycle Corporation |
| 15.2.9.Yamaha Motor Co. Ltd. |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
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