Electric Bike Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Electric Bike Market: By Propulsion Type (Pedal Assisted, Throttle-assisted (Power-on-demand)), By Application (City/Urban, Trekking (E-mountain Bikes/E-MTB), Cargo), Battery Type (Lithium-ion Battery, Lead-acid Battery), Power (Less than and Equal to 250W, Above 250W) and Geography

 

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Report

Description

Electric Bike Market size is valued at USD 26.44 billion in 2021 and is expected to reach a value of USD 59.26 billion by 2028, growing at a CAGR of 12.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the electric bike market and that can be segmented by propulsion type, application, battery type, and power. By propulsion type, the electric bikes 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 during the forecast period 2022-2028. Based on battery type, the electric bikes market is segmented into the lithium-ion battery and lead-acid battery. 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 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.

Key Developments:

In Oct 2020, The Trance X Advanced Pro 29, a full-composite trail bike with improved Maestro rear suspension and a novel flip-chip function that allows users to modify frame geometry, was released by Giant Manufacturing.

Electric Bike Market

MARKET SUMMARY
-
12.2% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 12.2%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Electric Bike Market

  • The electric bike market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The electric bike market is segmented based on propulsion type, application, power, battery type and geography.
Key Players
  • Accell Group, Derby Cycle
  • Fuji-ta Bicycle Co., Ltd.
  • Giant Manufacturing Co., Ltd.
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • Mahindra & Mahindra Ltd.
Electric Bike Market

Dynamics

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.


Asia-Pacific Got Significant Share

Electric Bike Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The electric bike market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The electric bike market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The electric bike market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The electric bike market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The electric bike market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Electric Bike Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Electric Bike Market is projected to expand at a CAGR of 12.2% during the forecast period.

Prodecotech LLC, Trek Bicycle Corporation, Yamaha Motor Co. Ltd., Fuji-ta Bicycle Co., Ltd.

Europe is the fastest-growing region for Electric Bike Market


Report

Company Profile

  • 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.

Description

Electric Bike Market size is valued at USD 26.44 billion in 2021 and is expected to reach a value of USD 59.26 billion by 2028, growing at a CAGR of 12.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the electric bike market and that can be segmented by propulsion type, application, battery type, and power. By propulsion type, the electric bikes 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 during the forecast period 2022-2028. Based on battery type, the electric bikes market is segmented into the lithium-ion battery and lead-acid battery. 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 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.

Key Developments:

In Oct 2020, The Trance X Advanced Pro 29, a full-composite trail bike with improved Maestro rear suspension and a novel flip-chip function that allows users to modify frame geometry, was released by Giant Manufacturing.

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