Global Electric Bike Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Electric Bike Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global electric bike market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global electric bike market report has been segmented on the basis of product type, battery type, motor type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Electric bike contains integrated electric motor that provides power for operation and also known as an electric bicycle, that can either partly assisted by peddling or completely propelled through electric power. There are several benefits of electric bikes, such as zero emission of harmful gases, eco-friendliness, reduction in greenhouse effect, etc., which are supporting the consumption of electric bikes across the globe.
Electric bikes have undergone new technological developments in the recent past. High quality material and advanced batteries which have high power and loner life, are few of the many advancements which are playing vital role for growth of global electric bike market. Government support on a large scale, stringent rules and regulations in various countries have been creating a positive impact on the sales of electric bikes. In addition, increasing R&D activities to develop new and higher efficiency batteries and manufacturing high performance vehicles has played a significant role in increasing the adoption of electric bikes. Recent trend shows that, manufacturers focusing on environment-friendly product and sales of electric bikes that decreases air pollution as well as reduce the greenhouse effect.
Geographically, Asia Pacific market is expected to dominate the global electric bike market in the forecast period despite of ban on the use of e-bikes in major cities of China. According to China Bicycle Association (CBA), China is the world’s largest manufacturer of bicycles and electric vehicles, with sales of up to 80,000,000 units in 2015, accounting for major revenue share of global market turnover. Furthermore, in India, the government has encouraged the use of electric bikes, and it is looking forward to convert each and every “fuel-running vehicle” into electric vehicles by the end of 2035. Additionally, Europe market is second largest market in the global electric bike market due to the increased demand of electric bike in this region. The European Union’s 2016 e-bike import figures shows that, Europe imports Chinese e-bike rose by 67%. From January 1 to December 31, 2016 a total of 1,165,000 electric bicycles of the regular 250W – 25km/h category were imported into the European Union from countries outside the EU.
Furthermore, growing popularity of public charging infrastructure and rental service for electric bikes in European and North American countries is likely to fuel growth of the electric bike market.
Global Electric Bike Market Segmentation:
By Product type
- Pedal Assist/ Pedelecs
- Power on Demand
- Pedal Assist with Power on Demand
By Battery type:
- Lead acid
- Lithium ion
- Nickel-metal hydride (NiMH)
By Motor Type
- Hub motor
- Mid drive electric
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Trek Bicycle Corporation
- Accell Group
- Fuji-ta Bicycle Co., Ltd
- Derby Cycle
- Giant Manufacturing Co., Ltd.
- Jiangsu xinri e-vehicle Co., Ltd.
- Mahindra & Mahindra Ltd. (GenZe)
- Bionx International Corporation
- Prodecotech, LLC
- Tianjin Golden Wheel Group Co., Ltd.
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