Global E-Bike Market is valued approximately at USD 23 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2020-2026. 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. It is considered as a viable transportation option due to its power capacity, long distance range, and moderate speed and comes in various classes, such as pedelec/pedal assist (torque sensor, cadence drive), throttle on demand (twist grip, thumb & push button), and scooter/motorcycle. Rapid Urbanization, rising concerns regarding traffic congestion, rising bicycle tourism industry and increase in government initiatives to reduce emission level are the few factors responsible for growth of the market over the forecast period. For instance: according to arXiv?, the annual traffic congestion cost in UK will reach 33.4 billion US$ by 2030, rising by over 50% from the 2014 levels of 20.5 billion US$. Additionally, as per Ministry of Tourism, the number of tourists in India was 500 million in the year 2001 and has raised to 2700 million of tourism across the country in 2018. However, unplanned infrastructure in developing countries is the major factor restraining the growth of global E-Bike market during the forecast period.
The regional analysis of global E-Bike Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increased urbanization and consumer desire to move away from cars to alternative mobility such as e-bikes. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2020-2026.
Major market player included in this report are:
Yamaha Motor Company Limited
Giant Manufacturing Co. Ltd.
Accell Group N.V.
Aima Technology Group Co. Ltd.
Yadea Group Holdings Ltd
Pedego Electric Bikes
Merida Industry Co. Ltd
Trek Bicycle Corporation
Specialized Bicycle Components, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Battery Type:
By Motor Type:
Pedal Assist Mode
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global E-Bike Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers